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Philippines eases minimum paid-up capital for foreign retailers
Philippines eases minimum paid-up capital for foreign retailers
The Philippines has lowered the minimum paid up capital to $488,000 from $25m.
Robinsons Retail to buy 100% stake in Ministop Philippines
It will acquire the remaining 40% shares of Ministop Japan in February.
Popeyes opens first store in India
More stores will be opened in New BEL and Kammanahalli.
Shopify, JD.com eases US merchants’ access to China
The partnership gives them channel to JD’s 550 million users.
‘Solid growth’ in consumer spending seen in Malaysia: report
Real household spending is projected to rise 5.1% year-on-year.
‘Buy Now, Pay Later’ paves the way for SEA’s big spenders
Over 8% of ZALORA consumers in the region used the scheme for luxury items.
Here are the top 10 consumer trends to watch in 2022
Access and action will drive these consumer trends, according to Euromonitor International.
73% of restaurants are pessimistic as new wave threatens HK: Deliveroo
Only 26% are confident on the revenue on dine-in operations in the CNY.
Asia leads in the “Sensory Stimulation” game: report
The trend is expanding in China, Hong Kong, and South Korea amongst others.
Weekly News Wrap: Alibaba mulls $10b fundraising for Freshippo; JD launches robotic shops in Netherlands
And Uniqlo raised prices for some products due to high production costs.
JD’s third-party sellers adopt China’s new digital currency
Changsha Qianbaizhi Food Trading was amongst the first to access e-CNY.
South Korea’s retailers boosted by private brand products
The high inflation in the country has led to a boost in sales in cheaper private brands.
South Korea’s retailers pour investment to secondhand marketplaces
The used goods market has seen rapid growth in the past decade.
CU launches 50th convenience store outlet in Malaysia
The company is targeting to open more than 500 stores in Malaysia in five years.
Sportswear demand rise as COVID-19 alert level heightened: ZALORA
It rose to 24% from 20% during the high alert period in Southeast Asia.
Shopline adds Instagram Live to smart commerce platform
In Singapore, over 40% of Shopline merchants adopted social commerce.
Australia household spending to grow 3.5% in 2022: Fitch Solutions
Recovery of consumer spending relies on the vaccination against COVID-19.
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1. Foodpanda automates ‘dark stores’ in Singapore to speed up deliveries 2. Indonesia e-commerce market to hit $46.6b by 2025 3. Tim Hortons launches packaged coffee in South Korea 4. Malaysian retailers told to prioritise technology, consumer-centric approaches 5. Unlock the power of AI in solving supply chain challenges with RELEX SolutionsResource Center
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