Tag: asia

Retail Asia10/04/2019
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1min0
Swiss watch brand Baume & Mercier lands in Singapore and Malaysia today under a new distribution deal with FJ Benjamin. The company has inked an exclusive three-year distributorship for the watches, with a two-year extension possible based on certain conditions. FJ Benjamin will manage daily operations, sales and support, as well as set up communications […]

Retail Asia10/04/2019
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2min0
Central Group has closed its Robins Vietnam online fashion store to concentrate on its physical stores. On its website, Robins Vietnam announced the end of online business from this week, referring customers to its two Robins department stores, at Vincom Royal City in Hanoi and Ho Chi Minh City’s Crescent Mall. A Central Group representative […]

Retail Asia10/04/2019
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1min0
Fat Brands China has announced the development of six new co-branded Fatburger and Buffalo’s Express restaurants throughout Shanghai with Bloomfield. The new locations will build on Fat’s existing presence in China, where the company currently operates multiple successful locations in both Beijing and Shanghai. “When expanding internationally, it’s important to identify a partner we can […]

Retail Asia10/04/2019
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2min0
The European Union Intellectual Property Office (EUIPO) has published a patent awarded to Chinese phone manufacturer Oppo. The company’s Oppo Find X was the first smartphone to feature a slider design; the slider hides the front-facing camera and dual rear cameras until needed. Now, Oppo’s new slider design includes dual cameras that are mounted on the back of […]

Retail Asia10/04/2019
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2min0
Hutchison Telecommunications Hong Kong Holdings (HTHKH) has arranged to buy out Japan’s NTT Docomo‘s share of its mobile businesses for $60 million. Under the agreement, HTHKH will acquire Docomo’s 24.1% interest in Hutchison Telephone Company Limited (HTCL) and its 24.1% stake in Hutchison 3G Hong Kong Holdings (H3GHK), making both companies wholly-owned subsidiaries. In an announcement, […]

Retail Asia10/04/2019
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2min0
Huawei has reported a solid 25.1% increase in net profit for 2018 despite the continuing political challenges the vendor has been facing in the US and other markets. The Chinese vendor reported a net profit for the year of 59.3 billion yuan ($8.83 billion), on the back of a 19.5% increase in revenue to 721.2 […]

Retail Asia10/04/2019
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3min0
Ford confirmed it will end production of its C-Max minivan at its factory in Saarlouis, Germany, but said the plant will stay open with further investment in the Focus car that is also built there. Production of the C-Max and Grand C-Max will stop by the end of June, the automaker said on Friday in […]

Retail Asia10/04/2019
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2min0
The Philippines’ Department of ICT (DICT) has signed a partnership agreement with the United Nations Development Program (UNDP) aimed at fast-tracking the deployment of free Wi-Fi access in public places. Under the agreement, the UNDP will provide support for the government’s Pipol Konek – Free Wi-Fi Internet Access in Public Places Project. The UNDP will […]

Retail Asia09/04/2019
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5min0
New entrants and increased competition brought about by challenger banks could result in revenue losses of up to 30 percent among legacy banks over the next 10 years. While digitalization can lower costs for incumbent banks by 30 to 50 percent, new competition and greater transparency in the banking market, prompted by the emergence of […]

Retail Asia09/04/2019
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4min0
Despite pre-opening jitters over the state of the Chinese economy, Art Basel Hong Kong has already reported brisk sales at its seventh edition, which opened to the public today. With the region’s growing wealth and appetite for art, art fairs like Art Basel Hong Kong, which opened to the public today, are big business, drawing collectors from […]

Retail Asia09/04/2019
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3min0
The new digital platform, which offers lower lending rates and encourages prompt debt repayment, could compete with banks’ personal loan facilities. Singapore fintech company Credit Culture has announced the launch of its moneylending platform, making it the first licensee from a pilot by the Ministry of Law for new business models in the personal loans industry, to […]

Retail Asia09/04/2019
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2min0
Thai AirAsia CEO Santisuk Klongchaiya said the airline has devoted great importance to adding routes to its regional flight bases, looking to build a strong network of destinations that provide the opportunity to add even further routes, providing ever greater convenience to travellers who will no longer need to stop over in Bangkok, said a […]

Retail Asia09/04/2019
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4min0
Vietnamese tech giant FPT and Singaporean ride-hailing firm Grab will work together on smart city solutions, AI and smart payments. The two companies signed a strategic partnership agreement to this effect Friday. Specifically, they will cooperate on piloting a traffic signal monitoring system in Ho Chi Minh City. FPT will provide the traffic light monitoring […]


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