News

Starbucks’ Russia exit opens expansion opportunities in Asia: report

Starbucks followed Mcdonald’s move to withdraw operations in Russia. 
7 hours ago

Starbucks’ Russia exit opens expansion opportunities in Asia: report

Starbucks followed Mcdonald’s move to withdraw operations in Russia. 
7 hours ago

Vietnam retail sales rises 6.5% in first 4 months

Fitch Solutions noted the country already steered clear of the low base effects.
1 day ago

Consumer spending in Vietnam to see ‘solid’ growth in 2022

This follows a 1.8% YoY growth seen in 2021.
1 day ago

Philippines’ Max’s Group profit nearly doubles in Q1

Its revenue jumped by 18% to P2.17b.
4 days ago

Sea Limited logs37.4% YoY net loss in Q1 2022

This is due to higher operating expenses and cost of revenue.
4 days ago

Convenience, traceability key to a better delivery service

Customers want more delivery options and visibility in the delivery process.
4 days ago

India’s retail inflation to hit 6% in 2022: GlobalData

This follows the ban on wheat exports India imposed.
5 days ago

Atome eyes expansion in South Korea by year-end

This will make Atome the BNPL that covers the most number of markets in Asia.
5 days ago

Amazon Australia's solar projects in NSW start operations

The two solar farms aim to produce 392,000MWh energy yearly.
5 days ago

Starbucks Korea vows to recycle all coffee grounds by 2027

Coffee grounds were reclassified as recirculation resources last March.
6 days ago

Rakuten connects loyalty program with Japan Airlines

Rakuten Points can be mutually exchanged with JAL Miles.
6 days ago

AllDay Supermarket profit climbs 33% in Q1 despite Omicron threat 

Its net profit stood at P95m (approx. US$1.8m), up from P71m (US$1.3m).
6 days ago

JD revamps fashion business towards omnichannel format

The online channel mainly focuses on young consumption groups.

Pandora to build crafting facility in Vietnam

The jewellery brand will invest $100m for the building of the new facility.

India’s Big Bazaar maintains lead with boost from young shoppers, online investments 

GlobalData reported that 59% of Indian consumers shop at Big Bazaar.

Coupang profit soars 42% YoY in Q1 2022

Its revenue rose 22% YoY, whilst its losses improved by 29% YoY.