Enterprise Singapore (ESG), the government agency which supports enterprise development, has launched a support package to help SME retailers, who have little or no e-commerce experience, to start their business transformation by selling online. The E-Commerce...
Despite the impact of the COVID-19 outbreak on the retail sector, Japanese discount chain store Don Don Donki has expanded its retail network by opening a second outlet in Thailand. Located on Ratchadamri Road, the new outlet is three times bigger than the first one,...
The second outbreak of COVID-19 in March caused the government to impose stricter measures to control the movement of the virus, severely affecting all of Vietnam’s major trading and investment partners. As a result in the 1st quarter of 2020, Vietnam’s GDP has been...
The Philippines is expected to buy more pork and chicken from the global market as African swine fever (ASF) cases in the country would pull down local supply according to a report by the United States Department of Agriculture (USDA)-Foreign Agricultural Service...
Singapore-based fintech company, MatchMove announced that it is making a strategic investment an agreement with local e-commerce enabler Shopmatic. This investment will enable MatchMove to extend its ‘Banking-as-a-Service’ wallet capability to Shopmatic’s ecosystem of...
On March 9, 2020, CP Group, Thailand’s biggest agribusiness conglomerate, reached an agreement with British grocery chain Tesco to purchase its businesses in Thailand and Malaysia for USD 10.6 billion. Following this agreement, CP will own 86.9% in Tesco Stores...
Aeon Vietnam announced that they will invest an additional USD 2 billion to expand its network of commercial centers in the country. Iwamura Yasutsugu, the general director of Aeon Vietnam, says the company expects to develop 25 centers across the country as consumer...
Singapore-based property firm OUE announced that it acquired, through its indirect wholly-owned subsidiary, Oddish Ventures Pte Ltd, a 88.43% stake in Indonesia’s Maxx Coffee Prima (PT MCP) for USD 23.1 million. Shares were bought from PT Inti Anugerah Pratama...
Malaysia has relaxed the rules governing foreign operators of large-format grocery stores, following a recent revision on the Guidelines on Foreign Participation in the Distributive Trade Services 2020 that took place in January 2020. Large-format grocery stores in...
Gudangada, an online B2B FMCG (Fast Moving Consumer Goods) marketplace, has obtained seed funding in the double digit millions in a seed from Alpha JWC Ventures and Wavemaker Partners. Singapore-based private equity firm Pavilion Capital is also part of this funding...
Malaysia’s largest home improvement products retailer, Mr DIY Group Berhad is targeting to open at least 100 additional stores in Malaysia in 2020. Currently, the company has 583 stores nationwide and holds an estimated market share of 25.4%. Mr. DIY stated that it...
GrabFood, the leading online delivery platform in the Philippines, has introduced its first ever GrabKitchen in the country, a central kitchen wherein food establishments are gathered in one location to reduce delivery time for orders. GrabKitchen offers users in a...
