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Category: Living

Retail Asia05/10/2018
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Living

Lotte prepares for verdict on chairman

10min0
Lotte Group Chairman Shin Dong-bin is due to receive his appeals court sentence tomorrow. The leader of Korea’s largest retail conglomerate is facing up to 14 years in jail. Shin has already served eight months of the 30-month sentence he received over charges of bribing former President Park Geun-hye to curry favor during her administration. […]
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Retail Asia02/10/2018
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Living

Korea Sale Festa kicked off last week

4min0
The Korea Sale Festa beginning Sept. 28 will fail to fulfill its aim of boosting consumption and helping small- and medium-sized enterprises (SMEs), as a growing number of retailers and consumers have turned away from the government-initiated discount event. Since 2016, the government has hosted the Korean version of Black Friday to stimulate domestic consumption. […]
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Retail Asia02/10/2018
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Living

Vietnam warned it is planning too many airport

5min0
Vietnamese provinces are proposing new airports without realizing that the country is already overloaded with these facilities, experts say. Authorities in the southern Ba Ria-Vung Tau province have been working with private firm Ho Tram Ltd. on constructing a civilian airport. The airport, estimated to cost VND4.2 trillion ($193.6 million), will cover 250 hectares (618 acres) with […]
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Retail Asia01/10/2018
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Living

90 percent of Vietnamese want tobacco tax raised

7min0
Most Vietnamese want the tax on tobacco raised as a means to reduce smoking, a survey has found. The survey, by Canadian NGO HealthBridge, released at a conference Tuesday showed that 90 percent of Vietnamese think raising the price of a 20-pack of cigarettes to VND45,400 ($1.95) will have an impact on smoking. The average […]
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Retail Asia27/09/2018
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Living

Ministop South Korea is for sale, rivals compete

2min0
South Korean retail operators Lotte and Shinsegae are competing to buy the 21-year-old local subsidiary of Japanese convenience-store operator Ministop. Shinsegae and Lotte respectively own rival chains Emart24 and 7-Eleven and are both reportedly seeking to take full ownership of Ministop South Korea. Both companies see the deal as a means to grow their respective […]
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Retail Asia26/09/2018
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Living

Facebook just lost two top executives

5min0
Facebook just lost two of its top executives, with Instagram co-founders Kevin Systrom and Mike Krieger announcing their departures. They join at least seven senior Facebook executives who have announced their departures this year. “Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents,” Facebook CEO Mark Zuckerberg said in a […]
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Retail Asia26/09/2018
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Living

Spotify to Offer Carrier Billing to Telkomsel, AIS and DTAC Subscribers via Fortumo’s Payments API

2min0
Fortumo has expanded its partnership with Spotify in South-East Asia to offer an expanded carrier billing program specifically for Spotify users in Indonesia (Telkomsel) and Thailand (AIS and DTAC). In both Thailand and Indonesia, credit card ownership remains below 10% while more than 65% of the population already has smartphones. This means most consumers can access online entertainment but do not have […]
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Retail Asia25/09/2018
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Living

Daiso to limit its stationery sales

4min0
Daiso stores will be forced to stop selling individual items of stationery in a bid to try and help struggling small and medium enterprises, Korea Commission for Corporate Partnership (KCCP) said Thursday. The KCCP is set to hold a final vote on Oct. 10 on adding the franchise to the list of major companies that […]
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Retail Asia25/09/2018
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Living

Watsons Elite Membership Programme Launched

3min0
International health and beauty retailer AS Watson has initiated a global VIP loyalty program. The group has announced the program to enhance its connectivity with customers, planning to extend it to all of its 130 million loyalty members in 24 markets by early next year. It is an additional and invitation-only tier of membership which […]
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Retail Asia25/09/2018
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Living

Changi Airport :+7.9% passenger traffic increase in August

1min0
Singapore Changi Airport recorded a +7.9% year-on-year increase in passenger traffic in August, to 5.68 million. Operator Changi Airport Group said there was growth across all regions. Traffic to and from Oceania was up+10%, the first double-digit increase of the year. Europe (+22%) and South Asia (+13%) also posted robust growth. Among Changi’s top ten […]
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Retail Asia25/09/2018
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Living

Seoul Design Cloud to promote city as design hub of Asia

4min0
Seoul is promoting itself as Asia’s leading design hub with a series of design-related events. Hosted by the Seoul Design Foundation, Seoul Design Cloud, a mega design event comprising Seoul Design Week, Seoul Upcycling Week and Seoul Fashion Week – different from the biannual fashion event – kicked off Monday at Dongdaemun Design Plaza. “With […]
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Retail Asia24/09/2018
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Living

Vietnam to increase environment tax on fuel

4min0
The National Assembly’s Standing Committee decided at a meeting Thursday to hike the environment tax on fuel from next year. Starting January 1 the tax on petrol will increase from VND3,000 (13 cents) per liter to VND4,000 (17 cents), and on diesel from VND1,500 to VND2,000. The tax on kerosene will go up from VND300 […]
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Retail Asia24/09/2018
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Living

Map apps offer tips to beat the Chuseok traffic

5min0
Korea’s top navigation apps have released their projections on the best and worst times to travel from Seoul to the provinces for the Chuseok harvest holiday. The three-day Chuseok holiday starts on Sunday, but the government granted a substitute holiday on Wednesday, as Sunday is already a day off. The Chuseok holiday season is considered […]
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Retail Asia19/09/2018
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Living

InterContinental Danang wins top World Travel Awards

4min0
InterContinental Danang Sun Peninsula Resort has reaped a bumper harvest of prestigious awards at the World Travel Awards 2018. The resort, developed by the Sun Group, won Asia’s Leading Green Resort, Asia’s Leading Luxury Hotel Villa, Asia’s Leading Luxury Resort, Asia’s Leading Luxury Wedding Resort and Vietnam’s Leading Luxury Resort awards for this year. It […]
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Retail Asia19/09/2018
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Living

Vietnam sees high-speed train finally coming

7min0
The trans-Vietnam high-speed rail is back on the agenda, with officials saying it can compete with aeroplanes for business. Government officials are also confident that the current pace of economic development will make it practical to source funding for the multi-billion dollar project in phases. The Ministry of Transport is working on a feasibility study […]
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Retail Asia18/09/2018
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Living

AirAsia incorporate’s new subsidiary in Thailand

1min0
AirAsia Group Bhd has incorporated a subsidiary in Thailand named AirAsia Group (AAGIHQ) Ltd which will be providing consultation and services to the company’s subsidiaries and associate companies. The group told the stock exchange that AAGIHQ was incorporated with a total issued share capital of THB20.0 million (approximately RM2.5 million). AirAsia holds 199,997 ordinary shares […]
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