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02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
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 Asia24/03/2021

In response to the business community’s call for looser quarantine measures and a roadmap for reopening, the Hong Kong government remained insistent that the current status quo will remain until local vaccination rates rise significantly. The Hong Kong government met virtually with representatives of the business community last week, according to a report citing unnamed sources, […]

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Retail Asia19/03/2021

Creating a new ecommerce store is no longer an arduous task, as the processes to bring a store online have become more streamlined. You now have a variety of ecommerce out-of-the-box web builders pre-built with store pages, user login areas, payment systems, and promotional options. In most cases all you need to do is add […]

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Retail Asia20/01/2021

HSBC chairman Mark Tucker lauded the efforts of global governments in creating standards and definitions for sustainability but expressed concerns that they could potentially leave out Asian economies. According to Tucker, Asia is increasingly where global leadership is coming from» with regards to sustainability, citing China and Japan’s rise to drive global agendas in the […]

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Retail Asia18/01/2021

A government think tank has pegged economic growth at 6.46 percent this year thanks to the country’s success in containing the Covid-19 outbreak and maintaining stability. Vietnam is one of the fastest recovering economies in Asia, the Central Institute for Economic Management (CIEM) said in a report. In the best-case scenario, credit growth would be […]

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Retail Asia29/12/2020

The Covid-19 pandemic’s severe impacts have seen as many as 101,700 businesses in Vietnam close up shop in 2020, up 13.9 percent year-on-year. Of these 46,600 have registered to temporarily suspend operations, while 37,700 are waiting to complete dissolution procedures, according to a new report by the General Statistics Office. The report also says that […]

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Retail Asia09/11/2020

Dairy Farm International Holdings Limited today issues its Interim Management Statement for the third quarter of 2020. The Group’s overall performance in the third quarter improved relative to the first half. While the Group’s results continued to be affected by the COVID-19 pandemic, the impact was partially offset by the receipt of government support. Grocery […]

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Retail Asia06/11/2020

Alibaba Group Holding Ltd 9988.HK is in advanced talks to invest nearly $300 million in online luxury fashion retailer Farfetch Ltd FTCH.N, the Information reported on Monday, citing people familiar with the matter. Shares of London-based Farfetch jumped about 16% to $32.59 following the news. The two companies are also in talks to create a Chinese joint venture, […]

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Retail Asia27/10/2020

A political economist has questioned the decision of the government-owned Sabah bank to lend AirAsia RM300 million and said the money should instead be spent to help small and medium enterprises in the state. Firdausi Suffian of Sabah UiTM said he was surprised to read reports that the budget airline has secured an RM300 million […]

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Retail Asia11/05/2020

UBS will look to integrate its China business units in a rapidly changing regulatory environment under the leadership of an ex-official from the mainland banking regulator. Alan Wang (or Wang Wei), a former senior official with the China Banking and Insurance Regulatory Commission, joins the bank as a managing director and China integration lead, according to a […]

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Retail Asia01/04/2020

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The Indonesian retail sector has begun to shut down in the wake of the coronavirus crisis, with shopping centers and retail chains voluntarily closing the doors to non-essential categories. More than 30 shopping malls have been shut down in the country despite no order from authorities. Lippo Malls Indonesia Retail Trust (LMIRT) has temporarily closed […]

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Retail Asia02/03/2020

Standard Chartered on Thursday has pushed back its target return on tangible equity, despite posting a commendable increase in annual profits. The revenue growth came from its main markets. The lender posted a pretax profit of $3.71 billion for 2019, up from $2.55 billion in 2018, according to its results statement. The 45.5 percent increase in profits […]

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Retail Asia05/02/2020

In order to enhance and further develop its cargo network, the new-age carrier Vietjet is pleased to announce that its subsidiary and cargo arm, Vietjet Cargo is opening a tender for a cargo General Sales Agent (GSA) in Kuala Lumpur and is inviting companies to bid for the first time in Malaysia on February 2020. […]

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Retail Asia20/01/2020

UBS’s wealth management arm undergoes a major restructuring exercise led by the business’ global co-head Iqbal Khan and Tom Naratil. Through the reorganization, Khan will make his mark on the wealth management business’ highest growth market by region with the goal of improving costs and efficiency at the bank. The bank has appointed LH Koh, […]

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Retail Asia13/01/2020

The funds will be invested into the Stellar Network, the blockchain technology underlying Lightnet’s platform, as well as to build a «next-generation financial mobility network.» Bangkok-based fintech Lightnet has raised $31.2 million in a Series A funding round led by UOB Venture Management, the private equity unit of UOB, the firm announced in a statement on Friday. Other […]

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Retail Asia06/01/2020

138,100 businesses were established in Vietnam this year, the highest ever, with the government’s initiative to increase the quantity and quality of enterprises bearing fruit. In terms of volume, the figure was up 5.2 percent year-on-year, while their registered capital also climbed a new high at over VND1,730 trillion ($75.1 billion), up 17.1 percent year-on-year, […]

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Retail Asia28/11/2019

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South Korean conglomerate E-Land Group is pulling its OTZ Shoes brand from the US market, six years after buying it. E-land Group, through its subsidiary E-Land USA Holdings, bought the California-based OTZ Shoes at US$8.5 million in 2013. But now, the conglomerate has decided to withdraw the brand from the country and develop it in […]

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Retail Asia27/09/2019

Banks and wealth managers tend to appoint women to spearhead their sustainability programs. we wanted to find out whether this was pure coincidence or sign of a trend. Ecological and sustainable investing has become very popular in wealth management and among investors. Almost every bank has invested in a high-powered division that devotes its resources […]

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Retail Asia24/09/2019

A closely watched measure of Australian business confidence declined in August as conditions remained sub-par, suggesting momentum in the corporate sector is weakening. National Australia Bank’s index of business conditions fell 2.0 points to +1.0 in August, extending a slide from July. The survey’s volatile measure of business confidence also declined, easing 3.0 points to […]

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Retail Asia13/09/2019

Big business wage thieves looking for a soft response from the workplace watchdog are going to be disappointed, with fair work ombudsman Sandra Parker declaring an intention to be hands-on with big firms who confess underpayments. Speaking at a Council of Small Businesses Australia summit in Melbourne on Thursday, Parker said some large companies have […]

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Retail Asia10/09/2019

Would-be food franchisees are not being given the full picture before they buy into a business, with several franchisors withholding important details including the contact information of former franchisees. The ACCC has also found food franchisors were consistently failing to disclose key unavoidable ongoing costs, such as wages, rent or inventory, and were not detailing which […]

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