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Retail News Asia 02/18/2020 18:16
read the original version on: Two local airlines will again mount flights to and from Taiwan after the government lifted the travel ban on the territory. Cebu Pacific flights will resume February 17. In an advisory, the airline will have one flight from Manila on Monday and only arrival flights from Taiwan beginning February 18. On February 21, there will […]. .
Retail News Asia 02/18/2020 18:15
read the original version on: Great Wall Motor announced that it has signed an agreement for the purchase of General Motors’ manufacturing facility in Rayong, Thailand. This announcement is subject to government and regulatory approvals. Under a signed binding term sheet, GM Thailand and GM Powertrain Thailand legal entities, which include the Rayong vehicle assembly and powertrain facilities, will transfer […]. .
Retail News Asia 02/18/2020 18:13
read the original version on: Nissan’s worsening performance has heaped pressure on Uchida, formerly Nissan’s China chief who became its third CEO since September, to come up with aggressive steps to revive the company. On Tuesday, Uchida, who was repeatedly heckled by shareholders, said he was ready to face dismissal if he failed to improve profitability at the company, which is […]. .
Retail News Asia 02/18/2020 18:12
read the original version on: Another reason to use Dark Mode is to preserve the battery life on handsets that sport an AMOLED display. That’s because such panels create the color black by turning off the pixels in the appropriate area of the screen. Pixels that are turned off do not draw on the phone’s battery, saving some power. Dark […]. .
Retail News Asia 02/18/2020 18:11
read the original version on: It looks like AT&T is expanding its 5G network to new markets every week. Early this month, the carrier added more than a dozen cities to its 5G service map and just a week ago another 13. Today, the carrier announced another expansion of its 5G network to 13 markets. Of course, we’re talking about AT&T’s low-band 5G, […]. .
Retail News Asia 02/18/2020 18:10
read the original version on: Another staff of DBS has tested positive for the novel coronavirus, according to a media report. This time around, the latest patient is based in one of the bank’s satellite offices, a DBS spokesman said in Singapore, without disclosing the location. The new case – Case 77 – is understood to be a staff at […]. .
Retail News Asia 02/18/2020 18:09
read the original version on: In anticipation of the growth of international banking clients, Standard Chartered will look to double the number of relationship managers it houses over the next four years. With an existing affluent segment business (priority) and a high and ultra-high net worth segment business, Standard Chartered decided several years ago to pursue the mid-tier client segment, akin to major […]. .
Retail News Asia 02/18/2020 18:08
read the original version on: Struggling fashion & homewares chain Laura Ashley is seeking to borrow additional funding to stay afloat in the midst of a dispute with its lender. The firm’s Malaysian owner MUI Group is renegotiating its access to a £20 million (US$26 million) fund put up by Wells Fargo last October. As an asset-backed loan, the amount […]. .
Retail News Asia 02/18/2020 18:07
read the original version on: Alibaba’s B2C platform Tmall Global is offering support to its merchants during the coronavirus epidemic, including waiving services fees. The firm’s annual service fee for the first half of 2020 will be waived for all Tmall Global merchants on board before this coming July. It will also provide its shop setup tool Winpool Smart Edition […]. .
Retail News Asia 02/18/2020 18:03
read the original version on: Lotte Shopping plans to shut down as many as 200 department stores and large-format supermarkets in South Korea, marking one of the biggest retail network culls in the nation’s history. Lotte Group operates more than 700 stores under its Lotte Mart, Lotte Department Store, Lotte Super and drug-store chain LOHB banners, which means its closure […]. .
Retail News Asia 02/18/2020 18:01
read the original version on: The opening of the first Ikea Philippines store has been delayed until next year. The Swedish furniture and homewares chain cited “construction adjustments” as the reason for the delay, with Ikea Southeast Asia market development manager Georg Platzer reassuring ABS-CBN News the store was “taking great shape” nonetheless. The debut Ikea Philippines shop – set […]. .
Retail News Asia 02/18/2020 18:00
read the original version on: Singapore-headquartered department-store chain Robinsons has built a 120,000-strong loyalty program database in just 18 months using an app-based solution. The program, called R, is signing up new customers every day through interactions with customers of the company’s five stores in Singapore and Malaysia. The 161-year-old department store has reinvented its customer relationship strategy since teaming […]. .
Retail News Asia 02/17/2020 18:12
read the original version on: KT Corporation, along with Samsung Medical Center (SMC), has announced the launch of a 5G-enabled medical service as an initial step to set up a 5G-based smart hospital. The pilot project, which is developed by the Seoul-based South Korean telecom giant, developed service environments in operating and proton therapy rooms and performed a test operation. […]. .
Retail News Asia 02/17/2020 18:11
read the original version on: January automobile sales fell by 52 percent over the previous month and 53 percent year-on-year, according to the Vietnam Automobile Manufacturers Association (VAMA). A total of 15,787 vehicles were sold last month, including 12,807 passenger cars, 2,757 commercial vehicles and 223 special multi-purpose vehicles. The sales figures were compiled by VAMA, an association of all […]. .
Retail News Asia 02/17/2020 18:10
read the original version on: Seafood exports in January fell 25 percent year-on-year and are set to continue falling due to the novel coronavirus outbreak. They fell to $556 million, with exports of pangasius fish falling by 64 percent, octopus by 50 percent and tuna by 30 percent, the Vietnam Association of Seafood Exporters and Producers said in a report. […]. .
Retail News Asia 02/17/2020 18:09
read the original version on: Just a few days ago we told you that the Federal Trade Commission (FTC) had requested information from Google parent Alphabet, Apple, Facebook, Amazon, and Microsoft. The regulatory agency is investigating acquisitions made by the five between Jan. 1, 2010 and Dec. 31, 2019. These are transactions that were small enough to escape scrutiny by antitrust […]. .
Retail News Asia 02/17/2020 18:08
read the original version on: Despite the current coronavirus pandemic, trade wars, and uncertain economic times ahead, the world’s largest independent foundry sees strong growth in the near future. Taiwan Semiconductor Manufacturing Company (TSMC) is sinking billions more into its chip manufacturing business. Last week, the firm’s board of directors announced that it was going to budget $6.74 billion to build […]. .

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