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...
The three leading Singapore Banks, DBS, Overseas Commercial Bank of China (OCBC) and United Overseas Bank (UOB) have announced relief measures for corporate small and medium enterprises (SMEs) and retail customers affected by the COVID-19 (Coronavirus Disease 2019)...
Thailand’s largest retailer, Central Retail Corp, priced its IPO (Initial Public Offering) at THB 42 (USD 1.36) per share, raising THB 78.1 billion (USD 2.5 billion), making it the country’s largest IPO ever. The company would have a market valuation of...
Vietnam’s largest pharmacy retailer, Pharmacity, plans to open 350 new stores this year and reach 1000 stores by the end of next year. In February 2020, Pharmacity raised VND 730 billion (USD 31.8 million) in a fresh funding round, which will be used for the further...
Warburg Pincus LLC backed shopping mall developer, NWP Retail, will spend USD 123.5 million to purchase five Lippo shopping malls in Indonesia. Two shopping malls will be purchased from Singapore-listed Lippo Malls Indonesia Retail Trust for USD 92 million and the...
Chinese e-commerce giant, Taobao, a part of the Alibaba Group, has launched its largest retail store named ‘Taobao’ in Kuala Lumpur, in partnership with MyTOWN Shopping Centre and Lumahgo New Retail Sdn Bhd. Using the New Retail technologies, the 5,000 square feet...
Swedish fashion group H&M will launch its Monki brand in the Philippines, the second South East Asian market for the company’s diffusion brand which mainly caters to young women. The first store for Monki in the Philippines will open later this year at SM Megamall...
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,...
