News

What mode of payment Filipino buyers prefer most

Cards were used in over half of the e-commerce transactions in 2022. 

Suntory Group posts nearly 20% profit growth in 2022

Its profit stood at JPY136.2b, approximately US$1.01b.

Starbucks to open 400 stores in APAC in 2023

Its newly-opened 5,000th store is located in Gwanyang-si, South Korea.

Philippines’ baby food market to shrink by 4.5% annually until 2028

This is due to the lower childbirth rates and rising inflation.

Redbubble faces inflation-led headwinds despite cost-cutting

Investors have turned bearish because of changes in consumer behaviour.

Singapore Furniture to ramp up support to businesses, employees

This came following Finance Minister Wong’s call for businesses to upgrade.

Shiseido launches NARS Cosmetics in India

It aims to ramp up its growth in Asia Pacific.

Deliveroo invests in upskilling riders

It allotted over $100,000 to provide upskilling opportunities to the riders.

Amazon plans hiring persons with disabilities in Singapore

It aims to employ 15% of its associates in operation networks from persons with disabilities.

adidas sees US$746m loss in 2023

This is due to the “adverse impact” of the Yeezy write-off.

L’Oreal posts 6.6% sales growth in North Asia in 2022

Its sales amounted to €11.32b (US$12.07b). 

India-based Zomato ends Philippine operations

The company said it will still continue operating in India and the United Arab Emirates.

Convenience stores go green in South Korea

Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.

FairPrice Group names 1st chief sustainability officer

Chan Teng See is tasked to drive the group's efforts towards sustainability.