fee

Retail Asia25/01/2019

Korea’s antitrust body is examining the practice of retailers unfairly shifting distribution costs to their suppliers. The Fair Trade Commission (FTC) has started evaluation proceedings against Lotte Mart for transferring this burden and charging an onward transportation fee after a product has been delivered. The regulator could fine the retailer 400 billion won ($353.92 million) if […]

Retail Asia07/01/2019

AirAsia Group Bhd will cease charging the RM3 klia2 fee for all flights departing from Kuala Lumpur International Airport 2 (klia2) starting today. The klia2 fee was introduced in May 2014 to cover the additional cost created at klia2 due to the use of mandatory facilities imposed by Malaysia Airports Holdings Bhd (MAHB) such as […]

Retail Asia19/02/2018

Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands. According to Nguyễn Đức Vinh, general director of VP Bank, after years of investing in the financial company FE Credit, his bank was expecting to receive a large profit from the company in 2018. FE Credit started to gain profits from […]

Retail Asia16/05/2017

The Bank for Investment and Development of Vietnam (BIDV) is officially applying a new fee schedule for e-banking. The fee on transfers via e-banking of less than VND10 million ($440) is up from VND6,600 (29 cents) to VND7,000 (31 cents), and for up to VND500 million ($22,000) from VND12,000 (52 cents) to VND15,000 (66 cents). […]

Retail Asia03/04/2017

Vietnam’s recording industry association told karaoke businesses to take copyright laws seriously. From mid-July this year, royalty fees for more than 10,000 licensed musical works will be collected by the Recording Industry Association of Vietnam (RIAV), the organization said in a statement on Tuesday. The rate for a one-year license for each song will be […]

Tag: fee

Lotte Mart’s distribution fees scrutinized

AirAsia abolishes KLIA 2 fee

Fees, retail services to be banks’ main income

Banks increase service fees

Karaoke bars told to pay annual royalty fee of 9 cents per song in Vietnam