The Philippines’ Department of Trade and Industry (DTI) has expressed its interest to enter into a Mutual Recognition Arrangement (MRA) on halal certification and accreditation with Indonesia in a bid to strengthen bilateral economic relations between both countries....
Japan’s largest passenger train line operator, East Japan Railway Company (JREast) is planning to open retail outlets at 27 of the 32 stations on Singapore’s upcoming Thomson-East Coast MRT (Mass Rapid Transit) Line, which will begin partial operations by the...
Thailand is expected to introduce a value-added-tax on electronic businesses in 2020, aiming at collecting between USD 98 million to USD 131 million a year. The proposal will be sent for parliamentary approval later in 2019. According to official sources, the...
A consortium led by GIC, Singapore’s sovereign wealth fund, and Vingroup Joint Stock Company (Vingroup), signed agreements for an investment in VCM Services and Trading Development Joint Stock Company (VCM), a subsidiary of Vingroup that engages primarily in consumer...
Chinese online e-commerce giant JD.com has become the largest shareholder in Tiki Vietnam, Vietnam’s second largest e-commerce platform by traffic after Singapore-based Shopee. It’s primary competitors in the country are Alibaba owned Lazada and Singapore-based...
DKSH Business Unit Consumer Goods, through its Indonesian partner Wicaksana, has partnered with e-commerce giant, Tokopedia, to distribute consumer goods on the Online-to-Offline (O2O) wholesale trading platform, Mitra Tokopedia. The collaboration encompasses the two...
MyNews Holdings Berhad, the parent company for local convenience store MyNews, has recently launched its own food processing center (FPC) to produce fresh food to be placed in about 200 outlets located in Klang Valley. Divided into two sections, the FPC is capable of...
Leading real estate developer, Megaworld is planning to open eight new Megaworld Lifestyle Malls outside of Metro Manila, in key regional centers across the country in the next three years. The company is offering around 200,000 square meters of fresh retail inventory...
Singapore-headquartered Trax, a provider of computer vision and analytics solutions for retail, announced the successful closure of a USD 100 million Series D investment round on 23 July 2019. The transaction was led by Chinese private equity firm, HOPU Investments. ...
Japan-based chat app operator Line has announced that the company will launch an online grocery service in Thailand by the end of 2019. The service, called Line Man Grocery, will enable customers to have food and other items delivered home. In addition, the company is...
Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a round led by AlphaJWC. Founded in 2017 by Edward Tirtanata and James Pranato, the start-up aims...
MDEC is the Malaysian government’s lead agency tasked with driving the growth of the digital economy in the country. Together with the Ministry of International Trade and Industry, MDEC heads the National eCommerce Strategic Roadmap, an initiative meant to spur on...
