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10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
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02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
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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 )

Retail Asia12/10/2018

Lotte Group Chairman Shin Dong-bin returned to the office on Monday, getting back to work immediately to resolve issues that were put on hold while he was imprisoned until Oct. 5. Shin was spotted heading to his office on the 18th floor of Lotte World Tower in Songpa District, southern Seoul, Monday morning without responding […]

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Retail Asia15/06/2018

As more South Korean consumers opt to make online purchases through overseas websites, complaints related to direct foreign purchases are also rising. A 305 per cent rise in complaints last year has been noted by the Korea Consumer Agency’s Cross Border Transaction Consumer Portal, with 1463 cases, up from 361 in 2016. Between January and […]

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Retail Asia21/02/2018

A supplier then owned by Walgreen Boots Alliance, BCM Specials, charged extortionate amounts to the health service for 500ml tubs of skin cream in 2016. A swathe of similar cases has been revealed whereby the NHS has been charged excessive prices for drugs dubbed “specials” which are often available elsewhere for a fraction of the […]

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Retail Asia21/06/2017

Nokia Bell Labs has announced the first successful demonstration of ultra-low latency 10G passive optical networks (PON) for mobile fronthaul. In the demonstration, Nokia Bell Labs showed how it is possible to use a commercial next-generation PON to transport ultra-low latency CPRI streams via a standard single fiber running between the Baseband Unit (BBU) and […]

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Retail Asia17/03/2017

Swan Mobile, a Slovak telecommunications service provider, has selected Subex to provide its ROC Fraud Management Solution. As part of the implementation, Subex’s ROC Fraud Management will cover Voice, SMS and mobile data services for pre-paid and post-paid subscribers of Swan Mobile. “Being a progressive organization, we understand the significant impact fraud can have on […]

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Retail Asia01/11/2016

OSS/BSS vendor Oculeus has introduced real-time traffic fraud blocking capabilities to its Oculeus Anti-Fraud offering. The new capabilities are designed to eliminate or significantly reduce revenue losses caused by fraudulent traffic by conducting the fraud evaluation and blocking in real-time before the start of a call. The new functionality, introduced in the new version 5.0 […]

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Retail Asia02/09/2016

The Australian consumer watchdog on Thursday said it had sued the Australian arm of world No. 2 carmaker Volkswagen AG (VOWG_p.DE) for intentionally selling more than 57,000 vehicles with software which lied about levels of toxic emissions. “These allegations involve extraordinary conduct of a serious and deliberate nature by a global corporation,” Australian Competition and […]

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Retail Asia18/08/2016

Geneva-based luxury goods company Chopard Singapore failed to notice it was missing S$11.2 million until a government investigator started looking into the embezzlement after a tip-off. Now the former accounting manager of the luxury goods company, known for its watches and jewellery, has been sentenced to 15 years’ jail for siphoning the money from her […]

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Retail Asia01/06/2016

Telecoms revenue fraud is a primary driver for increased Apache Hadoop adoption, according to a recent poll of telco and enterprise users by Cloudera and Argyle Data. Communication service providers lose around $38 billion to fraud every year. Conducted during a recent webinar to introduce Cloudera and Argyle Data’s joint fraud prevention platform, the survey indicated that […]

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Retail Asia04/03/2016

A court in southern China has jailed 24 people for fraudulently raising nearly 10 billion yuan ($1.5 billion) in one of the country’s biggest financial scams, the official Xinhua news agency said. The group was convicted of illegally raising funds during the decade to 2012 from more than 230,000 investors, mainly senior citizens who […]

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Retail Asia23/02/2016

An asset management company backed by property projects has defaulted on wealth management products worth 1.9 billion yuan (HK$2.27 billion), affecting more than 5,000 retail investors across mainland China and triggering more concerns about its property and financial markets. Xinqi Asset held a meeting to discuss solutions with its investors in Shanghai on Wednesday, sources […]

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Retail Asia19/09/2015

Italian lifestyle brand Diesel says it is initiating legal action against an average of three Chinese companies every week in its war against copycats selling copies of its apparel. “Hundreds of legal actions are in place against usurpatory brands, especially in China,” the company said in a statement outlining the enormous scale of the counterfeit […]

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Retail Asia27/08/2015

The call comes after the watchdog found seven beauty and herbal vendors at the Guadalupe Commercial Complex selling cosmetics that had been banned by the Food and Drug Administration. Beauty brands Erna, Jiaoli and S’zitang were among the skin whitening creams found to have dangerously high levels of mercury. “To curb this illegal trade of […]

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Retail Asia25/08/2015

Consumers across Southeast Asia and Greater China feel safer paying in a brick and mortar environment as opposed to online; sole exception is China According to the inaugural MasterCard Safety and Security Index, consumers across Southeast Asia and Greater China cited identity theft and ATM-related fraud as the top two security concerns when it comes […]

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Retail Asia31/01/2015

Luxury brands affected by Asia’s burgeoning multi-billion dollar piracy trade will soon have a new weapon. NEC has revealed new technology that can distinguish even the most sophisticated counterfeit products. The technology can read microscopic patterns on anything from luxury handbags to mechanical component. And it can track the origin of mass-produced items like clothing […]

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