IKEA to Open its Largest Store in the World in Manila by Q3/Q4 2021

IKEA to Open its Largest Store in the World in Manila by Q3/Q4 2021

Swedish furniture giant IKEA is on track to open its largest store in the world in Manila in the 3rd or 4th quarter of 2021. Towards the end of February 2021, it had already put up its iconic logo at the storefront of its Philippine flagship store at the Mall of Asia...
Indonesia’s Food Delivery Market Ranks First in the Region

Indonesia’s Food Delivery Market Ranks First in the Region

In 2020, Indonesia’s food delivery service accounted for USD 3.7 billion in Gross Merchandise Value (GMV), making it the largest market in the region. Overall, the region’s GMV registered a 183% increase from previous year and exceeding the 91% growth rate from 2018 –...
Regional O+O Partnership Launched by Grab and AS Watson

Regional O+O Partnership Launched by Grab and AS Watson

Grab, South East Asia’s largest mobile technology company, and AS Watson, the world’s largest international health and beauty retailer, will collaborate across multiple services to expand Watsons’ online reach in South East Asia. The new partnership...
Vinamilk’s Dairy Exports to China Take Off

Vinamilk’s Dairy Exports to China Take Off

Vietnamese dairy giant Vinamilk successfully exported ten containers of high-quality plant-based milk during the opening weeks of 2021, including almond and red bean soymilk, which can already be found on the shelves of convenience stores in the Chinese market. It has...
Nestlé Investing USD 150 Million to Expand Production in Thailand

Nestlé Investing USD 150 Million to Expand Production in Thailand

To serve the rising demands and penetrate the e-commerce market, Nestlé has announced its investment strategy for long-term growth, investing over THB 4.5 billion (USD 150 million) to expand production in Thailand. Production will be boosted at three factories that...
Acer Philippines Opens First Flagship Store

Acer Philippines Opens First Flagship Store

Consumer electronics company Acer opened its first-ever flagship store in the Philippines at the SM Megamall Cyberzone in January 15, 2021. As Acer’s largest store in the country to date, it features the best products from Acer and Predator brands, intricately...
Aeon to Set Up 20 Mega Supermarkets in Vietnam by 2025

Aeon to Set Up 20 Mega Supermarkets in Vietnam by 2025

Japanese retail group AEON is set to invest USD 2 billion in Vietnam. Iwamura Yasutsugu, Aeon Mall Vietnam Director General, told local media that the company plans to use the funds to open up to 20 mega supermarkets in the country by 2021. Currently, besides the mega...