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In the first half of 2026, Ho Chi Minh City (HCMC) received over $4 billion in remittances, marking a considerable decrease of almost 23% compared to the same period in the previous year. Factors contributing to this…
Cathay Pacific Airways, the third most highly ranked airline globally last year, has announced its potential to realize a profit surge of up to 76% for the first half of this year. This surge, driven by robust passenger and cargo demand, is in comparison with…
After enduring years of economic adjustments and investor uncertainty, China is on the cusp of entering a fresh chapter. This revival is anticipated to be powered by advancements in manufacturing, artificial intelligence (AI), and the digital economy,…
Philippine Airlines, under the leadership of banking and tobacco magnate Lucio Tan, intends to acquire up to 20 Boeing 787-10 Dreamliner jets as the company upgrades its fleet in response to increased demand in air travel. The national airline has committed…
Metro, a well-known retailer based in Singapore, has announced plans to shutter its department stores located at Paragon on Orchard Road and Causeway Point. This decision comes in line with the company’s strategic pivot away from traditional large-format…
Standard Chartered has increased its projection for Vietnam’s economic growth in 2026 to 9.5%, a considerable increase from its previous estimate of 7.2%. This revision comes on the heels of Vietnam’s robust economic performance in the first half of the year,…
Three major Chinese airline companies are set to acquire 95 aircraft from Airbus, in deals collectively valued at approximately $17.8 billion. This comes as part of a concerted effort by these airlines to expand their capacities and modernise their fleets…
Japanese retail giant Seven & I, proprietor of the international 7-Eleven chain, saw its share price increase by 3% on the Tokyo stock market this past Friday. This rise comes amidst discussions of the corporation’s potential acquisition of a share in Zabka…
Vicca Ng has been appointed as the Chief Operating Officer (COO) of Hextar Retail, a Malaysian retail conglomerate. Ng’s new role takes effect immediately and she will continue to supervise the group’s retail operations, in addition to serving as an executive…
China has unveiled its inaugural five-year scheme centered on consumption, where it anticipates annual retail sales to reach approximately 60 trillion yuan (US$9 trillion) by 2030. This indicates a deceleration in year-on-year growth to roughly 3.7 per cent,…
In Vietnam, the excitement of the 2026 World Cup has sparked a shopping frenzy, as consumers eagerly take advantage of retail promotions. With retailers offering substantial discounts on household appliances and fashion items, Vietnamese shoppers have been…
FamilyMart, Japan’s widely recognized retailer, has launched its first Famima flagship store in Tokyo, marking a significant reimagining of the conventional convenience store as the company gears up for its 45th anniversary. FamilyMart’s Next Generation…
Bangkok is emerging as Southeast Asia’s most dynamic hub for ultra-high-net-worth (UHNW) individuals, illustrating Thailand’s increasing allure for global wealth despite ongoing economic and geopolitical instability. The UHNW populace in Thailand’s capital is…
United Overseas Bank (UOB), a leading financial institution based in Singapore, has increased its prediction concerning Vietnam’s GDP growth for the current year. Previously, the bank estimated a 7% increase; however, based on the country’s…
In the first half of 2026, Vietnam saw diamond imports totalling an estimated US$121.5 million. Of this figure, India emerged as the main supplier, accounting for approximately 52% of the total imports, around $63.2 million. This figure is a significant…
Philippine Airlines, under the ownership of billionaire Lucio Tan, renowned for his ventures in the tobacco and banking sectors, has successfully garnered US$300 million via a five-year bond sale. This strategic move is aimed at financing the carrier’s…
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