In December 2020, the Singapore government launched a new initiative called the Job Redesign Place and Train Program for Retail Industry to help retailers build a future-ready and productive workforce in response to today’s growing digital economy. The program aims to...
Bangkok-headquartered ecommerce enabler, aCommerce announced the closing of a USD 15 million funding round from Indies Capital Partners on 14 January 2020. The USD 15 million funding from Indies Capital Partners follows a USD 10 million funding round from existing...
Saigon Co.op opened three new Co.opmart supermarkets in An Giang, Ho Chi Minh City and Dak Lak in Vietnam, increasing its total number of stores to 126. Each of these stores sell more than 30,000 items, including foods, cosmetics, clothes and household goods, and...
Thailand’s largest mall operator, Central Pattana Pcl, has announced that it will invest around USD 723 million by 2022 in new projects and store renovations. Thai Central Pattana will invest in new projects in Ayutthaya, Si Racha and Chanthaburi, developing malls,...
Spanish laundry services start-up Mr Jeff has announced plans to license 30 franchisees this year in Vietnam with the first 15 to open in major cities and provinces including Hanoi, HCM City, Hai Phong, Da Nang, and An Giang. The announcement came soon after the...
Indonesia’s Halal Product Law came into effect as of 17 October 2019. The Halal Law regulates the processing, materials and certification of Halal products, on top of establishing partnerships with international Halal agencies. It is hoped that the Halal...
Philippine grocery retailer MerryMart Grocery Centers Inc announced that it plans to open 10 stores in 2019 before accelerating its expansion in the next decade. The company aims to rollout 1,200 Merrymart branches nationwide in the next 12 years, with systemwide...
Changi Airport Group (CAG) announced on 24 October 2019 that it has awarded its core-category Liquor & Tobacco concession tender to South Korean retailer, Lotte Duty Free (Lotte). The concessions was with the Hong Kong-based DFS Group for 40 years, which decided...
Pomona, an Indonesian provider of marketing and digital sales solutions for the packaged consumer goods and fast-moving consumer goods sector, has successfully closed a USD 3 million fundraising round. The round was led by Vynn Capital, supported by Shanghai-based...
Connell, a US-headquartered leading marketer and distributor of specialty chemicals recently bought Inno-Cosmic Sdn Bhd and Nation Maple, two distributors of instant beverage raw materials in Malaysia. The acquisition will further expand Connell’s product line...
SM Investments Corporation (SMIC), the Philippines’ largest conglomerate, has announced plans to ramp up its property and retail projects. SM Prime Holdings, SMIC’s property development arm, reported a significant increase in its total land bank for condominium...
The Ministry of Health (MOH) of Singapore announced on 10 October that it will introduce mandatory front-of-pack nutrition labels for less healthy pre-packaged sugar sweetened beverage (SSBs) and advertising prohibitions for the least healthy SSBs on local mass media...
