According to a recent Nielsen study named “What’s Next for South-East Asia”, Southeast Asian convenience stores recorded an 8.3% FMCG sales growth last year, with Vietnam reaching the second largest growth in the region (13%), exceeded only by Malaysia (17%). Even...
Indonesian e-commerce giant Tokopedia is expanding its one-day delivery guarantee to nearly all of its products in a move to keep rivals at bay. While the 100% Indonesia focused company already offers same-day or one-day delivery for approximately 65% of its products,...
Coca-Cola Amatil (CCA), one of the world’s larger bottlers of The Coca-Cola Company range, has announced plans to expanding its start-up accelerator platform Amatil X to Indonesia. The Coca Cola Company holds a 30.8% stake in CCA. CCA is headquartered in Australia and...
Australia-based MNC retailer of furniture, bedding, computers, communications and consumer electrical products, Harvey Norman has opened a new outlet in Miri, Sarawak on the third of May, with hundreds of special deals and promotions accompanying the launch. According...
Phoenix Petroleum Philippines Inc, through its wholly-owned subsidiary Philippine FamilyMart CVS Inc, announced that it is in negotiation to acquire the assets of convenience store chain Circle K in the country. Circle K in the Philippines is operated by Super 8...
Singapore-based online food startup, Grain, announced on 10 May that it has raised USD 10 million in a Series B fundraising round, in the form of a mix of equity and venture debt. The round was led by Thailand’s Singha Ventures. Singha Ventures is the corporate...
Airports of Thailand, a state-owned enterprise which operates six major airports in Thailand, has two open tenders for two contracts; one for the operation of stores at Bangkok Suvarnabhumi Airport, Thailand’s flagship gateway and another for store operation across...
The Vietnamese cosmetics market has enjoyed constant growth in recent years thanks to rapid economic development and a large young population. The market is growing at more than 8% annually and is dominated by international brands. There are approximately 400...
Sri Mulyani Indrawati, Indonesia’s finance minister, has announced that Indonesia is halting the implementation of PMK 210/2018, a regulation which governs the taxation of eCommerce. It was first announced in January this year and was supposed to be implemented on 1...
After taking into account feedback from stakeholders, the Malaysian government decided to postpone the implementation of sugar tax on soft drinks and juices to July 1 from the previously announced April 1. This postponement aims to give manufacturers and the Customs...
Philippine real estate company, Federal Land, has partnered with Japanese peer Nomura Real Estate Development and retail specialist Isetan Mitsukoshi Holdings to develop the first Mitsukoshi Mall in the Philippines that will be located at the Bonifacio Global City....
On 11 April, Jewel Changi Airport (Jewel) gave selected members of the public a sneak peek into a 135,000 sqm lifestyle destination at Changi Airport, developed by Jewel Changi Airport Trustee Pte. Ltd., a joint venture by Changi Airport Group and CapitaLand. Built on...
