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02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
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26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia15/03/2016

Hong Kong, March 10, 2016 — Moody’s Investors Service says Hongkong Land Holdings Limited’s (HKLH) results in 2015 reflected lower underlying profit but were in line with expectations and continue to support its A3 issuer rating. The results also support the A2 issuer rating of Hongkong Land Company Limited, a wholly-owned subsidiary of HKLH. The […]

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Retail Asia14/03/2016

JJL Greater China, an outpost of the US real-estate services company, is undergoing an executive reshuffle. Eddie Ng has been appointed MD of Shanghai and East China for the group, succeeding Anthony Couse who moves on to become CEO of JLL Asia Pacific. Ng’s role as MD of Chengdu and West China will be split, […]

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Retail Asia10/03/2016

Retail king Henry Sy, Sr. remains the Philippines’ richest person, according to the Forbes 2016 Global Billionaires’ list. Sy, 91, has an estimated net worth of $12.9 billion – roughly P562.3 billion – as of this month, making him the world’s 71st richest person. His net worth dropped from $14.2 billion in 2015 due to […]

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Retail Asia09/03/2016

Hotel Shilla has described Phuket as an eventual “crown jewel” of Thai travel-retail after confirming it is to open its first overseas downtown duty-free shop on the island with a local partner in the second half of the year. While the exact size of the store in Tambon Kathu, Amphoe is unknown, the store will consist of traditional […]

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Retail Asia09/03/2016

Major real estate firm Mitsubishi Estate Co. is planning to start a roughly 50 billion yen (about $438,616,000) redevelopment project featuring office buildings, apartments and hotels in what is now a run-down district in front of a central train station in Yangon, Myanmar. Mitsubishi Estate plans to draw on its experience of developing Tokyo’s Marunouchi […]

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Retail Asia09/03/2016

Thailand’s first retail and entertainment mega-complex on Rama IX Road, recently announced that it has added a 14-rai area to its existing 27-rai project to create an outdoor component to its complex. The new area, the company says, includes facilities for major outdoor stage performances as well as a creative outdoor market. Located on prime […]

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Retail Asia08/03/2016

A modern shopping experience is promised in north-west China’s Xi’an city with the opening next month of a seven-level shopping centre, anchored by a Wangfujing Department Store. The joint development has been developed by Hong Kong-headquartered Taubman Asia, a subsidiary of Taubman Centers, and the Wangfujing Group. “We have taken a disciplined approach to growth […]

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Retail Asia08/03/2016

Prime Orion Philippines (POPI), which developed and owns Tutuban Center in the shopping district of Divisoria, Manila, is being taken over by retail and property conglomerate Ayala Land. In a deal worth P5.625 million (US$118.41 million), it is acquiring a majority interest by subscribing to 2.5 billion common shares for P2.25 each. The shares represent […]

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Retail Asia01/03/2016

Despite a tougher retail market, The Mall Group in Thailand plans to expand this year, allocating 5 billion baht (US$139.8 million) for new projects and upgrades. CEO Phaibul Kanokvatanawan says this includes 800 million baht pegged for a new building behindThe Mall Bang Khae. Parking will also be increased to 3800 spaces from 3000, and […]

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Retail Asia01/03/2016

Mall of Qatar has won the Retail Leadership Award in the real estate category at Asia Retail Congress 2016 held recently in Mumbai, India. On behalf of Ramez al-Khayyat, managing director of UrbaCon Trading & Contracting (UCC), the award was received by Siva Kumar, estimation and proposal director of UCC, and Patrick Hage-Chahine, PR and […]

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Retail Asia29/02/2016

Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. plans to invest billions of euros in a retail and leisure development outside of Paris, Bloomberg reports, citing people familiar with the matter. Wang said at the University of Oxford on Tuesday that Wanda would announce a “major deal” this week, though he didn’t provide details. The […]

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Retail Asia27/02/2016

UNCASVILLE, Conn. (AP) – The parent company of the Mohegan Sun casino says it has received a license from the Korean government to build a $5 billion resort near the international airport in Seoul. The Mohegan Tribal Gaming Authority says the project will include a hotel complex with 1,350 rooms, more than 20,000 square meters […]

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Retail Asia26/02/2016

Costs related to the closure of retail stores were among the factors contributing to reduced second-quarter earnings for Singapore’s Wing Tai Holdings. Store closures caused a 12 per cent rise to S$23.8 million in administrative and other expenses quarter-on-quarter, according to a stock exchange filing by the company. Lower rental income and depreciation from its […]

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Retail Asia24/02/2016

Listed retailer Metro Retail Stores Group, based in Cebu, has launched an expansion program aimed at taking its network in The Philippines to 100 stores within five years. Nearly three years after supertyphoon Yolanda devastated the coastal community in the Leyte region, the biggest retailer in the Visayas plans to open a store in Tacloban […]

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Retail Asia21/02/2016

The southern resort island of Jeju showed the highest rate of growth in productivity in the service sector and retail sales last year. Jeju’s service sector productivity rose 6.7 percent in the fourth quarter of 2015 compared to the same quarter the previous year, according to a Statistics Korea report released Thursday. The growth rate […]

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Retail Asia20/02/2016

Hong Kong property prices have been surging over the past few years. A report from Swiss bank UBS indicated that Hong Kong property prices have appreciated around 340% from 2003 to 2015. But, 2016 might not be such a good year for Hong Kong real estate. Based on January 2016 data, monthly home sales in the city […]

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Retail Asia17/02/2016

Singapore retailers are facing “dark days”, including store closures, according to Singapore real estate company CBRE. With falling domestic demand and soaring costs, there will be more store consolidations and closures, it says in a new report. It predicts the retail market to undergo further restructuring following a muted performance last year, with weak brands […]

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Retail Asia17/02/2016

While operators of luxury shopping centres in China are scratching their heads for ways to attract affluent buyers, property consultants say one-stop neighbourhood shopping malls have become bright spots in the industry. There are many such retail centres in the suburbs of Beijing and Shanghai, as well as in some 1.5 tier cities, said Steven […]

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Retail Asia17/02/2016

Dubai-based Nakheel, the company behind the world famous Palm Jumeirah artificial archipelago, is to double the size of its Dragon Mart retail complex, which became the world’s biggest Chinese trading hub outside mainland China when it was first launched in 2014. The government-owned developer plans to expand the current 4,000-shop retail complex into a community […]

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Retail Asia16/02/2016

Every year we learn a host of new rules and regulations which impact property investors in Thailand, sometimes positively but often detrimentally. This year we learned something new, which either by chance or good fortune, my clients over 13 plus years here have never experienced. Unfortunately, we view the situation as being severely detrimental and […]

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