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16/05/2024 The TikTok ban could hurt small businesses that prosper thanks to mobile users ( General )
16/05/2024 WhatsApp could add a new sticker-related feature very soon ( General )
15/05/2024 Facebook and Instagram experiencing outages along the East and West Coasts of the U.S. ( General )
14/05/2024 Qantas to launch new route from Manila to Brisbane ( General )
13/05/2024 Meta expands paid verification service for businesses ( General )
10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
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 )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
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 )

Retail Asia04/12/2019

Oil marketing companies have left petrol and diesel prices unchanged across the country on Wednesday. According to Indian Oil Corporation website, a litre of petrol costs Rs 74.76 in Delhi, Rs 77.44 in Kolkata, Rs 80.42 in Mumbai and Rs 77.72 in Chennai on Wednesday. Dies el costs Rs 65.73 a litre in Delhi, Rs […]

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Retail Asia02/12/2019

Fuel and convenience retailer Caltex is planning to undertake an initial public offering (IPO) of up to a 49 percent stake in 250 retail sites. The retailer would retain a majority 51 percent interest and enter into a long-term lease agreement for each site. The 250 sites represent all the freehold sites in a core […]

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Retail Asia31/10/2019

Fuel giant BP Australia has joined 7-Eleven and pulled two “M+” rated magazines from its 350 petrol outlets across the country after complaints they sexualized young girls and promoted harassment. People and The Picture magazines, published by Bauer, will be pulled from the shelves BP has confirmed. “M+ rated magazines will no longer be stocked […]

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Retail Asia27/08/2019

The leader of Caltex Australia for the past decade has announced his upcoming retirement. Managing director and chief executive Julian Segal, who started at the petrol and convenience business in 2009, will stay on board until a suitable replacement is found. Caltex chairman Steven Gregg said Segal has made significant contributions to the company during […]

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Retail Asia20/02/2019

Petronas Gas Bhd’s net profit fourth quarter ended Dec 31, 2018 fell 34.7% to RM317.90 million from RM486.70 million a year ago, largely attributed to share of losses from a joint venture company, Kimanis Power Sdn Bhd. The losses were due to de-recognition of deferred tax assets amounting to RM124.3 million (being 60% share of […]

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Retail Asia30/11/2018

LNG Canada, the US$30 billion (RM125.7 billion) liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petroliam Nasional Bhd (Petronas) signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided in October to construct the export terminal. It was the first major investment decision in a new North […]

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Retail Asia29/11/2018

Murphy Oil Corporation is in talks to sell its Malaysian oil and gas assets after an unsolicited bid that could fetch between US$2 billion to US$3 billion (RM8.4 billion to RM12.6 billion), people familiar with the matter said, in the latest energy merger and acquisition deal in the Southeast Asian nation. The independent US oil […]

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Retail Asia27/02/2018

Petronas Gas Bhd saw its net profit increase 4.7% to RM486.7 million for the fourth quarter ended December 31, 2017 compared with RM465.06 million in the same quarter a year ago, thanks to new contribution from its liquefied natural gas (LNG) regasification terminal in Pengerang, Johor and higher revenue from the gas processing and utilities […]

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Retail Asia27/12/2017

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PTT, the national oil and gas conglomerate, plans to double profit margin from fuel retailing business to 30% of total sales by 2022, says Auttapol Rerkpiboon, chief of operations for downstream petroleum business. To achieve the goal, the company has set aside a capital spending budget next year of 12.17 billion baht, with another 10 […]

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Retail Asia12/04/2017

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State-owned oil and gas company PT Pertamina is seeking to acquire more oil and gas blocks in the country and abroad to meet its production target set by the government. “Operations abroad are expected to contribute 33 percent to the companys target of production of 1.9 million barrel oil equivalent per day in 2025,” its […]

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Retail Asia18/01/2017

Road users can expect to pay up to 500 riel ($0.12) more per liter of fuel due to the increase in global crude oil prices after the government last March pegged local prices to that of the international market, a Commerce Ministry official said yesterday. From today until January 21, drivers can expect to pay […]

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Retail Asia01/12/2016

The non-ceasing political disturbance and reigning uncertainty is dominating every aspect of life in Thailand since the King Bhumibol Adulyadej’s death on October 13. The Crown Prince Maha Vajiralongkorn is supposed to appear for an audition as a heir to the throne after he had been invited to become the next King by the parliament. […]

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Retail Asia14/11/2016

Though Indonesia has one of the world’s fastest-growing economies, its electrical grid is faltering, with blackouts common and many factories and homes relying on expensive diesel-powered generators as backup. In 2011, Indonesian coal mining magnate Samin Tan and his company, Borneo Lumbung Energi & Metal, stepped into this energy void. Tan hoped to acquire the […]

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Retail Asia11/10/2016

The Energy and Mineral Resources Ministry has stated that the proposal of the Indonesian Petroleum Association (IPA) to import gas will not help the governments effort to curb gas prices applicable to the industry. The proposal is one of the many options to cut gas prices for industries, Director General of Oil and Gas at […]

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Retail Asia11/10/2016

Indonesias state-owned energy company, PT Pertamina, has hailed a senior minister for proposing to invite Japan to participate in the East Natuna Block gas project in the province of Riau Islands. Pertamina, ExxonMobil and PTT Thailand have formed a consortium to develop the gas field in the border region. “This is a big investment. The […]

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Retail Asia10/10/2016

More industries will enjoy lower gas prices by the beginning of next year as the government rushes to find a solution to cost issues. President Joko “Jokowi” Widodo has demanded that his Cabinet take concrete steps by the end of November to enable gas prices to fall below US$6 per million British thermal units (mmbtu) […]

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Retail Asia08/07/2016

Indonesia’s state-owned Pertamina will sign a memorandum of understanding with the National Iranian Oil Co. next month to develop oil and gas blocks in Iran. Under the initial agreement, Pertamina will be allowed access to data on four Iranian oil blocks, a senior company official said Friday. “There are two to four blocks that will […]

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Retail Asia16/05/2016

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State-owned oil and gas company Pertamina has lowered the prices of Pertamax gasoline by Rp200-Rp300 per liter effective as of 00:00 on Sunday, 2016. Corporate Communication Vice President of Pertamina Wianda Pusponegoro said in written statement here on Sunday that the lowering of the prices was a periodical corporate decision made to follow the trend […]

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Retail Asia10/05/2016

The government hopes to built gas pipe networks for 5 million household consumers in the next 10 years at a cost of Rp70 trillion. Utilization of gas as household fuel is more efficient, said Energy and Mineral Resources Minister Sudirman Said, when commissioning the ground breaking ceremony to mark gas network projects here on Monday. […]

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Retail Asia05/05/2016

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South Korea will cut retail natural gas prices for households and industry by an average of 5.6% from May 1 to reflect reduced LNG import costs, the Ministry of Trade, Industry and Energy said Thursday. It marks the third cut this year after rates fell 9% in January and 9.5% in March. South Korea cut […]

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