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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 )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia14/12/2020

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, wraps up the year-end shopping season with a record-breaking 12.12 Birthday Sale. On 12 December, 12 million items were sold in the first 24 minutes and at its peak, 1 million items were bought in a single minute. Terence Pang, Chief Operating Officer at Shopee […]

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Retail Asia10/12/2020

AirAsia Group Bhd rose as much as 4.5 sen or 5.49% to a five-month high of 86.5 sen in early morning trade today after the group said it expects travel to return to pre-Covid levels in the next six to 12 months. At 10.09am, the counter had pared some gains at 85 sen, still up three sen […]

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Retail Asia03/12/2020

According to the company, they will transition out of the retail market in Singapore and Malaysia; however, customers can still purchase items via the company’s online store. An internal memo revealed the company’s intention, stating that they will cease their bricks-and-mortar retail locations in these two countries, following a review of a number of the […]

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Retail Asia23/11/2020

The Malaysian bank is letting go of three business heads in Singapore, following a review of its operations. Changes are afoot at CIMB Singapore, as the bank has moved to ax its consumer, commercial and corporate banking heads: Josandi Thor, Yong Jiunn Run and Lai Ven-Li, citing an internal memo viewed by the portal. The bank cited the […]

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Retail Asia20/11/2020

Suria KLCC in the heart of Kuala Lumpur has unveiled its newly refurbished food court, which was designed to adapt to the Covid-19 era. Incorporating the space formerly occupied by department store Parkson, the Signatures food court boosts seating to more than 1500 while still ensuring enough space to comply with physical distancing requirements. Dining […]

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Retail Asia19/11/2020

It appears retail stores in Malaysia and Singapore will not be carrying Dell products in the near future. According to an official statement from the company, Dell will “transition out of the retail market in Singapore and Malaysia,” though that doesn’t mean you cannot buy a Dell laptop anymore in these two markets. This news […]

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Retail Asia19/11/2020

Eslite Spectrum Corp (誠品生活), which runs the Eslite bookstore chain in Taiwan and abroad, yesterday inked an agreement with Malaysia’s YTL Corp Bhd to open a branch in downtown Kuala Lumpur in 2022. The two sides signed the partnership via a teleconference to launch the Taiwanese bookstore brand in YTL’s mixed-use property The Starhill in […]

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Retail Asia19/11/2020

Bangko Sentral ng Pilipinas and the Monetary Authority of Singapore have agreed to promote the adoption and implementation of policies to aggregate, store, process, and transmit data across borders for banks and non-bank financial institutions. While the increasing use of data in financial services and the increasing use of technology to supply financial services offer a range […]

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Retail Asia05/11/2020

What’s more convenient than a convenience store? An online one, of course – delivering food, and essentials to customers’ doorsteps quickly, at the touch of a button. foodpanda, the leading delivery platform in Asia Pacific, marks a new milestone with the announcement of more than 2,500 7-Eleven stores on its app, making the leading convenient […]

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Retail Asia04/11/2020

7-Eleven Malaysia Holdings Bhd has appointed CFO Wong Wai Keong and executive director Tan U-Ming as the co-CEOs for the company, effective Dec 1, 2020. Wong will also be appointed as an executive director of the company, effective Nov 1, 2020. They will jointly succeed Colin George Harvey, who will relinquish his post as executive […]

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Retail Asia02/11/2020

Shopping center operator CapitaLand Malaysia Mall Trust suffered a 17.2 percent hit to quarterly income, which was knocked down to $6.08 million for the third quarter. The fall was largely attributed to higher levels of vacancies and the rental relief granted to tenants under Malaysia’s Recovery Movement Control Order – an order that has been […]

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Retail Asia20/10/2020

The iconic Starhill Gallery, which is part of a portfolio of retail assets owned by Singapore-based Starhill Global Real Estate Investment Trust (SGREIT) will undergo a transformation and revealed as The Starhill – Home of the Tastemakers in 2021. The mall, the most luxury retail establishment in the Bukit Bintang shopping district was developed by […]

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Retail Asia14/10/2020

Home-grown MyNews Holdings Bhd, which already operates some 570 stores, is bringing a South Korean convenient store brand to the Malaysian market. At its headquarters in Kota Damansara, the convenience store operator announced that its wholly-owned subsidiary MYCU Retail Sdn Bhd had signed a licensing agreement with BGF Retail Co Ltd, which runs the CU line […]

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Retail Asia08/10/2020

Malaysian home improvement retailer MR DIY Group opened the books for its 1.5 billion ringgit ($361.71 million) initial public offering (IPO) on Tuesday, the country’s largest listing in three years. The company fixed the offer price at 1.60 ringgit per share, giving it an estimated market capitalization of 10 billion ringgit. The bookbuild period will […]

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Retail Asia07/10/2020

French men’s fashion house Berluti has opened Malaysia’s first store in Kuala Lumpur in partnership with Indonesian retail firm Time International. Located at Suria KLCC, the Berluti store occupies a 105sqm space, offering a selection of men’s shoes, leather goods, ready-to-wear and accessories. The store’s facade features a wooden-patterned wall and a display box showing […]

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Retail Asia22/09/2020

Swarovski has launched Southeast Asia’s first Crystal Studio concept store, in Kuala Lumpur, Malaysia. Located in Mid Valley Megamall, the store offers interactive digital touchpoints throughout the store, including shop window screens and interactive tablets. Designed by Patricia Urquiola, the store concept “follows the last store redesign 10 years ago and heralds a new phase […]

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Retail Asia10/09/2020

Malaysia Airports Holdings has launched a travel retail e-commerce platform shopMYairports, aiming to recover some US$67 million from sales lost through its airport network due to passenger volumes plummeting. Still smarting from the loss of $671 million in revenues from retail in the year prior to the advent of Covid-19, the airport operator is hoping […]

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Retail Asia01/09/2020

Japanese mall brand Aeon’s operations in Malaysia have reported a net loss of US$2.3 million for its second fiscal quarter this year. The losses, which followed a first-quarter net profit of $1.8 million, are being considered as an effect of the coronavirus outbreak and the movement control orders executed in the territory and subsequent closures […]

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Retail Asia31/08/2020

Convenience-store chain 7-Eleven Malaysia has maintained its profitability despite the impact of the coronavirus pandemic. Profit for the first half of the current financial year from the brand’s convenience-store and pharmaceutical businesses hit US$5.8 million and $1.4 million respectively. The group’s consolidated profit after tax for the half-year was $3.35 million. The business remained healthy […]

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Retail Asia26/08/2020

Malaysian F&B franchise operator Berjaya Food Berhad, which operates Starbucks, Kenny Rogers Roasters, and Jollibean in the territory, has reported a loss of US$1.82 million for the last financial year. The firm’s Malaysian stock-exchange filing attributes its losses to the impact of the coronavirus pandemic, which saw movement control orders in effect within the country […]

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