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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 Asia19/08/2021

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 Asia12/08/2021

Ikea’s shopping malls business – one of the world’s largest – has kicked off the sales process for some 500 flats at its first-ever mixed-use retail and residential development, in Changsha, southern China. Cindy Andersen, MD at Ingka Centres since February, said in an interview she expected flat buyers to start moving in during March […]

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Retail Asia24/06/2021

Hong Kong was dethroned as the costliest city for expatriates, according to a recent survey by Mercer, after holding the top rank for three years in a row. Ashgabat, the capital of Turkmenistan, was ranked as the costliest place for expat living, according to «Mercer’s 2021 Cost of Living City Ranking», unseating Hong Kong from the […]

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Retail Asia13/04/2021

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Syndicated lending in Asia Pacific plunged to the slowest quarter in eight years as the coronavirus pandemic took its toll with several countries imposing lockdowns and grinding a range of business activities to a halt. Loan volumes in Asia Pacific (ex-Japan) dropped 39% to US$68.92bn in the first quarter from US$113.79bn a year ago, while […]

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Retail Asia25/02/2021

Ikea’s arm Ingka Centers is to launch India’s first Ikea mixed-use destination in the outskirts of Delhi, Noida. The plan was announced after the retailer secured a 47,833sqm plot of land in Noida, Uttar Pradesh. The project will cost about US$760 million and take seven years to complete. The Ikea mega mall will feature two […]

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Retail Asia11/01/2021

Housing prices are rising faster in Hanoi’s outer districts than in areas closer to downtown, thanks to improved connectivity. Average prices in districts like Gia Lam and Nam Tu Liem rose 1.3 percent in the last quarter to $1,473 per square meter, and at 0.7 percent in central districts, according to a recent report by […]

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Retail Asia31/12/2020

The government believes domestic car producers have received enough support from the discount scheme, and so will not extend it. The 50 percent discount scheme on the registration fees of cars produced domestically, which came into effect on June 28 this year, will not be continued, and will terminate on Thursday as planned, a leader of […]

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Retail Asia22/12/2020

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 Asia27/11/2020

IKEA’s Ingka Investments is in talks to buy commercial property in prime locations in several big European cities after it finalised its first-ever such acquisition last month, its managing director said. The investment arm of Ingka Group, which owns most IKEA stores, is pushing into the real estate market as part of IKEA’s shift towards […]

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Retail Asia04/09/2020

Ikea India is proposing an economical solution by sourcing materials from the local market to cut down the budget, according to The Economic Times. The company said it is talking to the government and other players in the market to form furniture hubs. By sourcing wood locally, including Sheesham and bamboo, Ikea expects to cut […]

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Retail Asia28/08/2020

Ikea’s business in South Korea has reported 32.6-per-cent sales growth over the past fiscal year despite the impact of the coronavirus outbreak. The success of the retail business over the period has been attributed to a surge in interest in home furnishings as people remain at home to avoid the pandemic, according to Ikea Korea […]

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Retail Asia21/08/2020

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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 Asia24/07/2020

When choosing a place for your new home, one of the major features to consider is the neighborhood. You’re not only just buying or renting an apartment but your lifestyle will be affected one way or another based on the surrounding environment. A perfect neighborhood doesn’t exist but it can be well suited to your […]

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Retail Asia16/07/2020

Construction interruptions have delayed the expected opening date of the long-awaited Ikea Manila store. Ikea Southeast Asia has released a short video on LinkedIn summarising the company’s progress in various markets. It says that the advent of the Covid-19 pandemic meant construction had to be suspended. The new store, the first Ikea in the Philippines […]

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Retail Asia13/07/2020

Centara Hotels & Resorts, Thailand’s leading hotel operator, releases first details of its debut hotel in Cha-Am – Centra by Centara Cha Am Beach Resort Hua Hin. Opening on 24 July 2020, one week before schedule, the 190-key beachfront resort is poised to become a sought-after choice for travellers seeking a contemporary beachfront escape just […]

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Retail Asia15/06/2020

Japanese department store Odakyu has partnered with Taeltech marketplace to launch service in China. Through the Taeltech ecosystem, Odakyu Department Store will trial a selection of products including Japanese accessories, apparel and cosmetics, in the first few months in a pilot before the official launch in more than 500 cities in China. Shuji Kawate, business […]

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Retail Asia20/05/2020

The HBO Now app waves goodbye to 2nd- and 3rd-gen Apple TVs. The company has removed the app from the devices above after extending the deadline for two additional weeks. Initially, the deadline was set for the end of April, but after complaints from users, the date was pushed back to May 15. Third-gen Apple TVs […]

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Retail Asia20/04/2020

Home furnishings giant Ikea has joined an alliance of key industry and political groups in calling for a renewed commitment to long-term climate change initiatives despite the immediate urgency of the coronavirus pandemic. The European Green Recovery Alliance includes more than 180 political decision-makers, business leaders, trade unions, NGOs and think tanks working to reinforce […]

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Retail Asia25/02/2020

There are an estimated 100,00 vacant condominiums in and around Thailand’s capital as a plunge in Chinese demand hits the property sector. Foreign buyers accounted for one-fifth of the Bangkok’s real estate purchases two years ago, according to estimate from local consultancy Agency for Real Estate Affairs, but the ongoing coronavirus outbreak is set to […]

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Retail Asia13/02/2020

Inter Ikea group chief executive Torbjörn Lööf announced on Tuesday he would step down from leading the furniture business after seven years at the helm and more than 30 years with the business. Head of Ikea franchising Jon Abrahamsson Ring was named as Lööf’s successor and will step up as group deputy chief executive as […]

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