Global Companies to Target Vietnam as A New Luxury Hub

Global Companies to Target Vietnam as A New Luxury Hub

Vietnam has recently become a new destination for several luxury brands to expand their presence, thanks to its fast-expanding middle-class and robust economic growth. Specifically, Lamborghini, the Italian luxury automobile manufacturer, has recently marked its...
Global Companies to Target Vietnam as A New Luxury Hub

Filipino Consumers Deliberate on Spending More on Retail Shopping

The data from the Q1 2022 Consumer Pulse Study by TransUnion revealed a shift in spending priorities as the Philippine economy reopened early this year. Eager to move on from the pandemic, Pinoy consumers were raring to spend more on retail shopping and items such as...
ACES to Soon Open Its Seventh Hardware Store in Indonesia

ACES to Soon Open Its Seventh Hardware Store in Indonesia

PT Ace Hardware Indonesia Tbk (ACES), a retail company of Kawan Lama Group, launched its new outlet last week in Karawaci, Tangerang. Helen Tanzil, Corporate Security of ACES, mentioned that the new store is ACES’ seventh outlet introduced since the beginning of the...
Malaysia’s E-Commerce Revenue to Reach USD 375 Billion By 2025

Malaysia’s E-Commerce Revenue to Reach USD 375 Billion By 2025

Malaysia Digital Economy Corporation (MDEC) Chief Executive Officer Mahadhir Aziz highlighted that Malaysia’s e-commerce income is anticipated to reach over MYR 1 trillion (USD 227 billion) in 2022, after hitting MYR 1.1 trillion (USD 250 billion) last year. The...
Sheng Siong to Open Up to Five Supermarkets Annually in Next Few Years

Sheng Siong to Open Up to Five Supermarkets Annually in Next Few Years

In a bourse filing in April, the Supermarket Operator, Sheng Siong, announced that it aims to open three to five stores annually in the next three to five years, expanding its current 65 outlets throughout Singapore. This comes after it was able to secure leases for 3...
Global Companies to Target Vietnam as A New Luxury Hub

In Thailand Fashion Tops Ranking for Online Shopping Products

According to a recent survey by market research firm Nielsen, fashion products are the most popular online shopping items in Thailand. Other industries, such as grocery and electric appliances, are moving towards digital channels to boost sales. The ‘Nielsen...
Japanese Furniture Brand Nitori Retail to Open First Singapore Store

Japanese Furniture Brand Nitori Retail to Open First Singapore Store

Japanese furniture and home furnishing brand Nitori Retail opened its first outlet in Singapore in March 2022, spanning the entire fourth floor (31,630 sq ft) of Courts Nojima The Heeren, in Orchard Road, which is the main shopping belt in the country. Established in...
New Luxury Mall to be Built in Indonesia

New Luxury Mall to be Built in Indonesia

Investment holding company Tuan Sing Holdings Limited and real estate specialist Mitsubishi Estate Co., Ltd. (MEC) are teaming up to develop an international luxury outlet mall in Karawang called The Grand Outlet – East Jakarta. They are both established...
Vietnam’s Race to Open Cold Storage Systems

Vietnam’s Race to Open Cold Storage Systems

Investments in cold storage facilities in Vietnam have begun to take off in recent years as a result of rising demand. According to Savills, a global services firm specializing in real estate, Vietnam’s cold storage industry is surging and is expected to reach...
Global Companies to Target Vietnam as A New Luxury Hub

Malaysia’s Retail Sector to Grow by 6.3% in 2022

Malaysia’s retail market is predicted to rise by 6.3% in 2022, following the opening of the border on April 1 as part of efforts to restore the country’s economy. Major drivers to increase retail spending in Malaysia include the forthcoming Eid...
Cashless Society Possible in the Philippines Within a Decade

Cashless Society Possible in the Philippines Within a Decade

New research from global giant payments, Visa, suggested that a fully cashless Philippine society may be possible in less than a decade. This is because more Filipinos are embracing digital payments out of necessity, two years into the COVID-19 pandemic. According to...