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28. April 2024
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Tag: life

Retail Asia28/04/2023
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Living

Laos raises minimum wage for workers

2min0
The Lao Government has decided to raise the monthly minimum wage from LAK1.2 million (nearly US$70) to LAK1.3 million starting May 1 to ease workers’ difficulties amid soaring inflation and economic uncertainties. The decision was made at the Lao Government’s meeting held on April 25 – 26 under the chair of Prime Minister Sonexay Siphandone. […]
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Retail Asia08/02/2023
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Real Estate

Taxing housing necessary but challenging

7min0
Experts say that taxing housing will help make the real estate market more transparent and prevent speculation, but it is necessary to digitize data, ensure fairness, and avoid overlapping taxes. The government plans to enact a new law on real estate taxation in place of the Law on Agricultural Land Use and the Law on […]
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Retail Asia23/09/2022
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Living

Rising Inflation and the Risk of Recession

6min0
While various stimulus packages got the global economy through the short-term challenges of COVID-19, they were always going to cause difficulties in the medium term. Inflation has risen and recessions look likely, so how can investors respond effectively? The global economic system appeared to cope with the COVID-19 pandemic and its associated lockdowns. Individual policymakers […]
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Retail Asia07/01/2022
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Living

Tinder is working on a Swipe Party feature

2min0
The swipe craze is about to get reignited with a fresh new feature – apparently, Tinder is working on a new functionality called “Swipe Party”. This was uncovered by the Dutch dating site GratisDatingTips, as the guys found evidence in the source code of the Tinder app. This new feature will allow Tinder users to swipe […]
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Retail Asia19/08/2021
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Living

Ikea Sweden to sell sustainable energy to locals

2min0
As of September this year, furniture giant Ikea will offer sustainably generated energy to Swedish households in a move to diversify its business and offer a green approach to power supply. The STRÖMMA offer will be made in partnership with local energy supplier Svea Solar, and will eventually brand out into other markets. “At Ikea, […]
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Retail Asia03/05/2021
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Living

Apple Music plans on challenging Spotify

3min0
Last week, Spotify announced that during the first quarter of this year, the number of its paid subscribers rose 21% to 158 million. During that quarter, Spotify HiFi was unveiled which will give subscribers the option to listen to lossless streaming music in select markets later this year. Spotify says that the feature will allow […]
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Retail Asia30/03/2021
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General

South Korean retail sales record double-digit growth

2min0
Department store sales jumped 40 percent in February against a year-ago period in the biggest year-on-year gain since the data became available from 2005 to suggest a rebound in private consumption in South Korea. According to the Ministry of Strategy and Finance’s monthly economic review, department store sales jumped 39.5 percent on year in February, […]
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Retail Asia03/03/2021
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General

Instagram introduces Live Rooms

2min0
Instagram is further improving the live features of its app with new functionalities that allow up to four people to go live at the same time. The new feature is called Live Rooms and bumps up the number of Instagram users that could go live at the same time from two to four. Furthermore, Instagram revealed that Live […]
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Retail Asia08/02/2021
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Finance

Chubb Hires APAC Property Head From AIG

2min0
Chubb, the world’s largest publicly traded property and casualty insurer has announced new appointments for its Asia Pacific property and casualty team. Commercial property specialist Alex Todd has joined Chubb as its head of property, a role in which he will be responsible for the growth and performance of its commercial property portfolio in Asia, the company announced on […]
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Retail Asia02/02/2021
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General

Pharma industry growth slows down

1min0
The pharmaceutical industry’s revenues rose by just 3 percent in 2020, down from an average of 11.8 percent in the previous five years. But it was a notable year for mergers and acquisitions. According to analysts at SSI Securities, the total value of M&A was VND1.68 trillion ($73 million) last year and involved a number […]
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Retail Asia27/01/2021
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Fashion

How LVMH plans to reshape Tiffany

8min0
French luxury goods group LVMH LVMH.PA plans to overhaul Tiffany & Co’s vast merchandise lineup to focus more on gold and precious gems while going more upmarket with its silver bangles after closing the $15.8 billion takeover of the U.S. jeweller this month. Six sources including two people with inside knowledge of Tiffany’s operations told Reuters the […]
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Retail Asia22/12/2020
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Living

Vietnam gives second electricity discount as Covid-19 relief

1min0
The government has cut electricity prices by 10 percent for the year’s last quarter to support economic recovery from Covid-19 impacts. The discount applies to businesses and households for a maximum of 300-kilowatt-hour consumption per month from October to December. Consumption above this limit will attract normal prices. Covid-19 quarantine centers will get a 100 […]
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Retail Asia17/09/2020
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Living

Ikea starts opening second-hand stores

2min0
Ikea is to open its second second-hand furniture store in its home country, Sweden, expanding its commitment to the circular economy concept. The store, located in the ReTuna shopping mall in Eskilstuna, will stock used Ikea furniture bought back from customers, repaired and refurbished, giving old Ikea furniture a second life instead of ending up […]
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Retail Asia21/08/2020
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Fashion

Pandemic causes steep drop in Asics revenue

1min0
Japanese sportswear retailer Asics has posted a steep drop in revenues as a consequence of the coronavirus pandemic. The firm has seen a 21.5-per-cent dip in global sales to the equivalent of US$1.4 billion in this year’s second financial quarter, and operating losses of $36.6 million against an $81.2 million profit last year. In keeping […]
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Retail Asia19/08/2020
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Fashion

Dunhill opens new outlet in Macau

1min0
British luxury menswear label Dunhill has opened a new store at Wynn Palace in Macau. The Dunhill Wynn Palace opening is part of the brand’s expansion strategy in Asia, according to the company. The store features a contemporary yet elegant design with modern elements such as its signature marble, leather, and metal details. Inspired by […]
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Retail Asia11/06/2020
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General

Shoppers return to Macau’s casino malls

2min0
Macau’s casino malls have seen a welcome resurgence in foot traffic as locals bearing shopping vouchers return to store floors. While gamblers have yet to return to the casino venues, government e-voucher handouts to eligible residents of the territory have stimulated the local economy in the wake of the coronavirus pandemic. “Consumption coupons did help,” […]
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