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Tag: asia

Retail Asia19/09/2018
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E-Tailing

Go-Jek Aims to Raise $2b for Southeast Asia Expansion

4min0
Indonesian ride-hailing firm Go-Jek is seeking to raise about $2 billion from existing investors, including Tencent Holdings and JD.com, to fund its expansion plans in Southeast Asia, sources familiar with the matter said on Monday (17/09). Go-Jek’s fundraising comes as its main rival Singapore-based Grab is also building a war chest to transform itself into […]
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Retail Asia19/09/2018
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Food

Morrisons seals supply deal with Big C

1min0
UK supermarkets group Morrisons has secured a supply partnership with Thai grocery chain Big C. The firm will be sending 100 branded products to feature on Big C shelves in what represents a major international partner for Morrison’s, which otherwise has a minor presence in Gibraltar and the Channel Islands. The company also previously supplied […]
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Retail Asia19/09/2018
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Finance

Vietnamese banks sound alarm over cybercrime

3min0
Many banks in Vietnam have reported about customers losing information about their accounts to criminals through phishing attacks and other methods. In a recent statement Techcombank said it had detected many cases of fraud and misappropriation of money by faking Western Union transactions. The criminals would send victims fake Techcombank messages claiming they had received […]
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Retail Asia19/09/2018
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Logistics

DHL Express Opens $2.98m Distribution Center in East Jakarta

2min0
The local unit of Deutsche Post DHL, the world’s largest logistics company, has opened a $2.98 million facility in Pulogadung, East Jakarta, to accommodate growing demand and expand its presence in the capital. The new facility, located in Jakarta Industrial Estate Pulogadung, replaces the old one in Kelapa Gading, North Jakarta, which has exceeded its capacity. “The […]
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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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General

Asia-Pacific retailers plan overseas expansion

2min0
Asia-Pacific retailers as increasingly embracing overseas expansion, according to new research by commercial real estate company CBRE. The report, Rise of Apac Retailers 2018, analysed 600 openings in the region, showing the proportion of Apac retailers (predominantly F&B operators, fashion and beauty brands) had increased from 17 to 30 per cent between 2014 and last year, accounting […]
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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 Asia19/09/2018
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Logistics

DHL e-Commerce to launch Cash-on-delivery service

4min0
DHL eCommerce has launched a cross-border cash-on-delivery service for Southeast Asian customers. The service will allow sellers in China and Australia to target consumers in Malaysia, Thailand and Vietnam who do not have credit cards or even a bank account – an estimated 73 per cent of the region’s population. It enables cash collection from […]
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Retail Asia19/09/2018
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Fashion

Sunnies Studios to expand into Vietnam

1min0
Filipino eyewear brand Sunnies Studios has announced plans to expand into Vietnam. The fashionable brand, specialising in affordable frames for women, has enjoyed a successful run in the Philippines with more than 40 branches. The Vietnam store, expected to open before the end of the year, will be its first international outlet. Sunnies’ creative director […]
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Retail Asia19/09/2018
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General

GS25 brings facial recognition to new shop

4min0
Convenience store chain GS25 has opened up a cashier-less store in Seoul that uses face-recognizing cameras to handle payments. The company’s first Smart GS25 started operation at LG CNS’ headquarters in Gangseo District, western Seoul, on Monday. LG CNS is a long-time provider of electronic systems to GS25 and one of the companies working to […]
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Retail Asia19/09/2018
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Fashion

Dunhill Ginza flagship store opens in Tokyo

2min0
Men’s clothing designer Dunhill London has opened a new flagship store in Ginza, Tokyo. The Dunhill Ginza store blends bar and barbershop environments to create “a masculine and contemporary space” alongside the latest collections by creative director Mark Weston. It also features a new tailoring room for bespoke and made-to-measure services. CEO Andrew Maag said […]
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Retail Asia18/09/2018
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Food

NeNe Chicken opens second store at The Starling Mall Malaysia

1min0
South Korean fried chicken chain NeNe Chicken has launched in East Malaysia. The brand’s fourth Malaysian restaurant opened at urban hub Plaza Merdeka Shopping Mall, featuring its offering of Korean-style fried chicken with a selection of sauces and marinades, along with some adaptations for the local palate. NeNe Chicken Malaysia MD Raymond Wong said: “Since […]
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Retail Asia18/09/2018
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Finance

Indonesian trade deficit narrows in August

3min0
Indonesia’s trade deficit narrowed in August, but the gap was larger than expected as exports growth slowed, government data showed on Monday, adding to pressure on the rupiah and local stocks. Southeast Asia’s largest economy reported a trade deficit of US$1.02 billion (RM4.22 billion) for last month, much bigger than the US$680 million gap expected […]
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