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Grab will invest US$250 million (RM1.025 billion) in Indonesian startups over the next three years through its newly launched innovation arm, as the ride-hailing firm aggressively pushes to cement its position in the Southeast Asia’s largest economy. The…
Uber’s chief operating officer, Barney Harford, vowed to take Korean regulations more seriously during his visit to Seoul on Wednesday. The ride-hailing company is working to revitalize its local business and focus on its taxi and food delivery services, he…
Lego Hong Kong operations continue to expand as the iconic toy brand marks its 60th anniversary. In an interview, the brand’s regional GM Troy Taylor explained how in such a well-established market as Hong Kong (as opposed to neighbouring regions where the…
As soon as the final whistle blew in Vietnam’s victorious Asian Games quarterfinal game, Indonesia tour prices rose. Vietnam’s first ever semifinal game in the Asian Games will be played against defending champions South Korea on Wednesday, August 29, at the…
AirAsia has started its ‘Trust your Wanderlust’ promotional sale under which it will be selling flight tickets starting from Rs 1, 199. The promotional sale includes domestic destinations such as Kolkata, Hyderabad, Chennai, New Delhi, Kochi, Goa, Guwahati,…
Nickel miner Laman Mining is suspected of illegal bauxite mining operations, disrupting orangutan habitat in West Kalimantan’s Tulak River forest. The Ministry of Environment and Forestry raided the company’s sites in Puring and Kempapakon on Aug. 20, finding…
The 2018 Asian Games captured the attention of many Indonesians, who are currently glued to their television screens to watch matches, or flock to sports venues to catch a glimpse of their heroes. The live television broadcast of the opening ceremony in…
Singapore tourist spending has dipped by half a percent, despite a 7.3 per cent boost in arrivals. According to the Singapore Tourism Board, about 4.6 million visitors arrived in the city state in the first quarter of this year – but they spent less on…
Lotte Duty Free has bought a change of outlets in Australia and New Zealand from local operator JR Duty Free. The four Australian stories are in airports in Brisbane, Darwin and Canberra and in downtown Melbourne, while the New Zealand store is at Wellington…
Malaysian-headquartered apparel and homewares retailer Laura Ashley is selling its commercial property in Singapore against declining sales – but it remains positive about its regional prospects. The firm’s full year results announced a fall in profits from…
Uber on Tuesday named a news chief financial officer as the smartphone-summoned ride service remained on the road to a stock market debut next year. Nelson Chai came on board from Chicago-based insurance firm Warranty Group, where he was chief executive,…
The income gap in Korea widened again in the second quarter, a serious blow to the so-called income-led growth policy of the Moon Jae-in government, which vowed to narrow the inequality in earnings between the rich and poor. According to data released by…
Japanese retail brand MINISO has completed one year of operation in India and achieved its annual target of Rs 700 crore revenue for 2017-18. The brand, which was launched in August 2017, at present operates 26 stores in India – 21 in Delhi/NCR, three in…
Three major taxi firms in Hanoi have recently joined forces to have their 3,000 vehicles operating under a single brand starting in October. Thanh Cong, Ba Sao and Sao Ha Noi are set to become G7 Taxi in a bid to take on ride-hailing behemoth Grab. In April…
Forcing ride-hailing cars to work like traditional taxis is a serious mistake revealing a non-innovative mindset, a leading economist says. Nguyen Dinh Cung, director of the Central Institute of Economic Management (CIEM), criticized state agencies for a…
Ride-hailing firm Uber has withdrawn its lawsuit over HCMC’s demand for $2.3 million in back taxes and fines. A tax department official said Friday that the HCMC People’s Court has suspended the case in which the Netherlands-based Uber B.V. had sued the…
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