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Tag: Metro

Retail Asia06/03/2019
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Living

Hanoi metro fares initially capped at 65 US cents

2min0
The maximum fare on Hanoi’s first metro line will be VND15,000 (65 cents), city authorities said in a draft proposal. The minimum will be VND8,000 (34 cents). Passengers can also buy monthly season tickets for VND200,000 ($8.61) or daily tickets for VND30,000 ($1.29), both allowing unlimited trips. The proposal, meant to collect public opinion, said […]
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Retail Asia21/02/2019
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Fashion

Metro Department Store is opening at Ayala Malls Feliz

2min0
The 53rd Metro Department Store has opened its doors at the Ayala Malls Feliz in Pasig City. Covering a floor area of 21,200sqm, the store includes a 6600sqm supermarket. “Customers can look forward to an enjoyable and convenient shopping experience as we consistently strive to deliver world-class customer service as well as a wide assortment […]
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Retail Asia18/02/2019
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Finance

Alibaba’s Ant Financial buys WorldFirst for $700m

3min0
Alibaba subsidiary Ant Financial says it plans to buy UK-headquartered money-transfer company WorldFirst. And in separate news, the Chinese e-commerce behemoth is in discussions over investing in the Metro China wholesale retail business. The WorldFirst deal will allow Ant Financial to gain market share in Europe’s fintech and payments industries and will give it an […]
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Retail Asia15/10/2018
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Telecom

Globe gets nod to roll out small cells in Metro Manila

2min0
The Philippines’ Globe Telecom has arranged special dispensation from the authorities in Metro Manila to allow it to expedite the deployment of over 120 cell sites to improve coverage of the major thoroughfares of Metro Manila. The operator has entered a groundbreaking agreement with the Metro Manila Development Authority (MMDA) that will allow it to […]
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Retail Asia06/09/2018
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Food

Fosun International eyes up food distributor and retailer Metro

1min0
Chinese international conglomerate and investment firm Fosun International is negotiating a US$500 million holding in German wholesaler Metro, according to a report. The unconfirmed news about an acquisition that would see Fosun taking a 9 per cent holding in Metro has already boosted the firm’s share prices and may generate interest from other players, setting off […]
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Retail Asia16/08/2018
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Fashion

Metro Singapore retail sales decline

1min0
Metro Holdings’ Singapore retail business posted a 7.6 per cent decline in sales during the first quarter of this year amidst “difficult trading conditions”. Metro has three Metro-branded department stores in the city and another 10 department stores in Indonesia. The company said the retail business as a whole posted a decline in profit due […]
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Retail Asia24/05/2018
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General

Who’s who of retail CEOs at Consumer Goods Forum

3min0
Next month’s Consumer Goods Forum to be held at the Marina Bay Sands will feature a ‘who’s who’ of international retail leaders. This year marks the first time in a decade the event is being held in Asia. Running from June 12-15, it is themed Consumer Centricity in a Data-Driven World. Industry leaders including Alibaba […]
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Retail Asia20/11/2017
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General

Non-retail business dents Metro Holdings

2min0
Despite a rugged first half, property development and investment group Metro Holdings has still managed positive results and has formed strategic partnerships in Indonesia. It had a net profit after tax of S$4.6 million (US$3.3 million) despite a net loss after tax of $13.6 million as the result of events not related to its retail […]
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Retail Asia27/10/2017
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General

Metro Retail Stores not hurrying with e-commerce

2min0
Metro Retail Stores Group in the Philippines is planning to open more stores while it continues to mull e-commerce. Saying brick-and-mortar stores are still more profitable than online counterparts, chairman/CEO Frank Gaisano reveals that the company plans to open two more stores this year with up to eight more next year. He says the department […]
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Retail Asia12/09/2017
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Food

Bigg’s Diner plans expansion to Metro Manila

1min0
Bigg’s Diner, known for serving burgers and Filipino rice meals in Naga and the Bicol region since 1983, plans to open in Metro Manila next year. Business development head Ronaldo Linao says the restaurant group is already looking at three possible sites – one is in Mindanao Avenue, Quezon City, another in Megamall and the […]
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Retail Asia02/05/2017
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Living

Metro to open first store in Jinan

1min0
European supermarket chain Metro plans to open its first store in Jinan, Shandong province in August 2017. Located in Jinan’s Huaiyin district, Metro’s new supermarket started construction on November 15, 2016. So far, its main steel structure has been completed and main ceiling installation is nearly completed. With an area of 7,900 square meters, this […]
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Retail Asia11/04/2017
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Living

HCM City metro projects short on capital

8min0
A shortage of capital is the key problem of both Line 1 (Ben Thanh – Suoi Tien) and Line 2 (Ben Thanh – Tham Luong) urban railway projects.  The Ho Chi Minh City People’s Committee is the developer responsible for the two projects. At the Metro Ben Thanh-Suoi Tien project, the developer has been slow […]
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Retail Asia26/02/2017
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General

Singapore’s Yoma and METRO join hands for wholesale distribution in Myanmar

3min
Singapore listed Yoma Strategic Holdings Ltd has partnered with Germany’s METRO GROUP, the international wholesale and food retail company is to establish an integrated wholesale distribution platform in Myanmar, the company announced on February 24. A new entity, METRO Wholesale Myanmar Ltd aims to “address the evolving needs of the local professional customers” for those who […]
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Retail Asia08/12/2016
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E-Tailing

Cross-border eCommerce ‘set to skyrocket’ in China

5min0
Cross-border eCommerce (CBEC) is set to skyrocket in China according to a new report from international think tank Fung Global Retail & Technology. To capitalise on this, international retailers need to complement their existing expansion strategy with online sales platforms, says Fung Global MD Deborah Weinswig. Cross-border eCommerce is the most efficient platform to reach […]
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Retail Asia08/11/2016
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Telecom

Unicom trials ADVA’s G.metro technology

2min0
China Unicom has completed a field trial of ADVA Optical Networking’s prototype G.metro (WDM-PON) technology in a fronthaul network. The operator demonstrated the use of a prototype technology involving using a single bidirectional fiber link between head-end and tail-end equipment during a lab demonstration in Beijing. The prototype uses autonomous transponders to help reduce the […]
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Retail Asia26/09/2016
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General

Singapore Golden Week targets shoppers

2min0
Singapore Retailers Association (SRA) is launching the inaugural Singapore Golden Week (SGW), a lifestyle event to be held over three weekends from September 30  to October 16. Its aim is to heighten Singapore’s appeal as a lifestyle destination with a suite a retail privileges, shopping reward and pampering experiences as enticement. Global payment network UnionPay […]
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