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28. April 2024
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Tag: Markets

Retail Asia28/12/2022
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General

Asian markets up after China ends travel quarantine

4min0
Asian markets rose on Tuesday after China said it would end quarantine for arrivals, spurring hopes for the revival of the world’s second-largest economy and boosting oil which continued its upward surge on fears of Russian production cuts. China has abruptly reversed its strict pandemic restrictions even as a surge in infections overtakes the country. […]
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Retail Asia01/06/2021
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Finance

Saxo Markets Appoints Hong Kong CEO

2min0
Copenhagen-headquartered Saxo Markets has internally promoted a new chief executive for Hong Kong. Richard Douglas has been named Hong Kong CEO for Saxo Markets, effective immediately, according to a statement, reporting to APAC CEO Adam Reynolds. Douglas was most recently chief operating officer and chief information officer for Greater China and the role will be succeeded by Patrick […]
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Retail Asia01/04/2019
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Research

Strong potential’ for sharing economy in China

4min0
New research suggests strong potential for the sharing economy in China, with just 30 per cent of consumers there saying they only want to use brand-new products. Mintel says the figures highlight the significant market for selling second-hand products and targeting consumers who will rent out rather than buy. Mintel says 91 per cent of […]
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Retail Asia03/03/2017
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General

Limited Editions Thrive in Secondhand Markets

5min
The latest hype in Korea has been over the Adidas Yeezy Boost 350 v2 “Zebra,” co-designed by American rapper and producer Kanye West. This extremely limited edition pair of shoes sold for a retail price of 289,000 won ($255.75), but they now cost somewhere around 1.5 million won on secondhand platforms online.  Similarly, the pair’s […]
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Retail Asia24/02/2017
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Finance

BT connects world’s five top forex markets

2min0
BT is linking up the world’s five main foreign exchange locations to help boost the competitiveness of its global financial industry customers. The company is now offering BT Radianz FX express, which provides dedicated high-speed links between financial hubs in Singapore, Japan, Hong Kong, the UK and the US. The five hubs are involved in […]
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Retail Asia02/12/2016
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Telecom

StarHub launches data roaming to 9 APAC markets

2min0
Singapore’s StarHub has launched a new flat rate multi-destination monthly mobile data roaming plan covering all mobile networks in nine APAC markets. The DataTravel plan offers 2GB of data for 30 days when roaming to Australia, Hong Kong, Indonesia, Malaysia, New Zealand, South Korea, Taiwan, Thailand and The Philippines for a flat S$15 ($10.50), or […]
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Retail Asia14/11/2016
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Finance

Indonesian markets panic over Trump’s policies

6min0
Panic hit domestic financial markets on Friday as investors showed concern over the anticipated policies of US president-elect Donald Trump that may negatively affect Indonesia’s economy. The Jakarta Composite Index (JCI) — the benchmark of the Indonesia Stock Exchange (IDX) — ended in the red on Friday after falling 4 percent to 5,231.97 points, its […]
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Retail Asia11/11/2016
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Research

Mobile financial services booming in emerging markets

3min0
The total transaction value of mobile financial services in emerging markets will reach $500 billion in 2021, up from $198 billion in 2016, Juniper Research estimates. The estimates include revenue from domestic money transfers, deposits on loans, insurance products, and savings accounts. The research argues that by introducing insurance offerings, operators had the opportunity to […]
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Retail Asia09/11/2016
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Research

South Korea among G20’s top IoT-ready markets

2min0
The United States, South Korea, and the United Kingdom ranked as the three countries in the G20 most ready to contribute to and benefit from the IoT, according to IDC. The research firm said  the US scored particularly well on measures such as ease of doing business, government effectiveness, innovation, and cloud infrastructure, as well […]
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Retail Asia29/09/2016
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Finance

Ericsson, HomeSend team for remittance in emerging markets

4min0
HomeSend and Ericsson have teamed up to accelerate the adoption of international remittances via mobile across emerging markets. With the partnership, 50 million Ericsson-powered mobile wallet users are expected to benefit from access to international payment services via HomeSend’s network of money transfer operators (MTOs). The Ericsson Wallet Platform is now certified by HomeSend, a […]
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Retail Asia28/09/2016
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General

Indonesian Retailers Prepares for ASEAN Market

2min0
Deputy Chairman of the Indonesian Retailers Association (Aprindo) Tutum Rahanta, said that the Association is currently aiming for the ASEAN market, specifically countries like Vietnam, the Philippines, Laos, Myanmar, and Cambodia. Tutum predicted that hundreds of millions can be gained if Indonesian retailers can tap into international markets. “I think if we can penetrate the […]
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Retail Asia11/03/2016
General

Firms switching strategies in slower market

9min
Mr Chow Khai Cheng remembers when customers used to splurge over $1,000 on a kilogram or two of sea cucumbers at his dried goods store in Chinatown a few years ago. Now, such high-spending customers are a rare breed. “Times are bad. Customers tell me they were retrenched, changed to a lower-salary job or had […]
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Retail Asia16/11/2015
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General

Paris attacks seen causing short-term global markets drop

9min
Stocks in major markets are set for a short-term sell-off on Monday after suspected Islamist militants launched coordinated attacks across Paris that killed more than 130 people, but few strategists expect a prolonged economic impact or change in prevailing market directions. If anything, any initial damage to economic confidence, tourism and trade within Europe will […]
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Retail Asia08/01/2015
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Real Estate

TCC opens megamarket in Nong Khai

1min
TCC Logistics and Warehouse, a subsidiary of TCC Group, has opened the MM Mega Market in Nong Khai province to cash in on growing consumption spurred by increasing border trade with neighbouring countries. The company has leased space at Asawann Shopping Complex II for 30 years to open the MM Mega Market, which has a […]
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