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Cosco Shipping International (Singapore) is setting sights on increased investment in Vietnam, Malaysia, and Indonesia within the next three to five years, in anticipation of a surge in Southeast Asian trade. The firm’s president, Jiang Kai, expresses a…
Allianz Global Investors (AllianzGI) is set to acquire UOB Asset Management (UOBAM), the asset management division of Singapore’s United Overseas Bank (UOB). This acquisition will notably augment AllianzGI’s influence in Southeast Asia and provide broader…
Mastercard has broadened its premium travel services in the Asia Pacific region by launching the first Taste by Priceless dining club at Hong Kong International Airport. This move is aimed at bolstering the company’s allure for wealthy travelers. The dining…
Swiss outdoor brand Mammut is poised for an international growth surge following its acquisition by Chinese investment firm CPE from Jacobs Capital. The transaction will make CPE the majority stakeholder in the distinguished 164-year-old outdoor brand. The…
In the most recent quarter, Vietnam became the only Southeast Asian country to experience a decrease in the demand for gold bars and coins. This drop in interest from consumers is largely attributed to the steep decline in gold prices. In the second quarter,…
Anita McDonnell, formerly the Managing Director for Taco Bell in the Asia Pacific region, has recently been designated as the International President for Pret A Manger. This new appointment will commence in late August. McDonnell comes to the position with a…
During the first half of this year, Vietnam emerged as the leader in Southeast Asia for battery electric vehicle (BEV) sales, with 115,986 units sold. This impressive figure marked a 71% increase compared to the previous year. Furthermore, BEVs accounted for…
Miniso, a leading retail brand, has launched its first ‘Miniso Land’ outlet in Macau, marking a significant milestone in its Asia-wide expansion strategy. This new premium retail store is part of Miniso’s broader efforts to strengthen its network of…
Luxury fashion retailer Moncler has reported a strong momentum in sales growth, driven predominantly by its expanding presence in Asia. Strong Performance Across Moncler and Stone Island Brands The first half of their financial year saw a significant rise in…
Happy Potato, a fries chain originally from Malaysia, has successfully extended its operations to four international markets within half a year. The company’s rapid growth has seen it establishing new outlets in Bangladesh, Indonesia, China, and Cambodia as a…
Brochu Walker, a high-end American women’s fashion label, has announced the grand opening of its inaugural international flagship store. Situated in Seoul, the move signifies the brand’s first venture into the Asian market. Brochu Walker: New Horizons…
The e-commerce sector in Southeast Asia is witnessing significant growth, with its Gross Merchandise Value (GMV) projected to reach around US$350 billion by 2030 and escalate to US$630 billion by 2035. For businesses aiming to tap into this growth, achieving…
Emirates SkyCargo, the air cargo carrier, has unveiled a strategic expansion plan for its freight services throughout East and Southeast Asia. The move is aimed at enhancing the cargo flight frequencies and destinations to meet the increasing demand.…
Tiffany & Co, the prestigious luxury jeweller, announced their plans to launch their first-ever Blue Box Cafe in Southeast Asia. Set to make its debut in Singapore’s flagship store next month, this move is meant to elevate the brand’s presence within the…
Harlan + Holden, a lifestyle and coffee brand, is reportedly close to finalizing a funding round estimated to be around US$12 million. This capital injection is intended to propel the brand’s expansion strategy across Southeast Asia. Harlan + Holden: From…
United Overseas Bank (UOB) recently unveiled a series of significant leadership shifts within its operations in China and Hong Kong. This announcement is a testament to the bank’s dedication to fortifying its cross-border business operations between China and…
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