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In an apparent u-turn, transport giant Tracodi has approved divestment of its 30 percent stake in Vinataxi. Just months after saying it intends to increase its stake in Vinataxi, renew its fleet and install driver software, the Transport and Industry…
LVMH-back private equity fund L Catterton Asia has partnered with Mitsui & Co to take an unspecified stake in fast-growing Japanese eyewear retailer Owndays. The funds will be used to accelerate the retailer’s across the Asia-Pacific region. Owndays, which…
The Government of Indonesia is determined to relocate the state capital Jakarta out of Java Island to avoid total traffic gridlock by 2020. President Joko Widodo, better known as Jokowi, had urged the National Development Planning Board (Bappenas) to conduct…
The Volvo Group invites financial analysts and institutional investors to the Volvo Group Capital Market Day, to be held in Eskilstuna, Sweden on May 23, 2017. The Capital Market Day on May 23 will start at 9:00 a.m. at Volvo CE Customer Center in Eskilstuna,…
On the agenda for October are four major events in the World Design Capital® (WDC) Taipei 2016 program of International Signature Events: the International Design House Exhibition, International Design Week Forum, International Design Policy Conference, and…
Amazon.com has said it plans to expand its e-commerce empire to Indonesia, with a $600 million investment for the first year. It makes perfect business sense. Indonesia’s e-commerce space is only about $3.2 billion in sales, a tiny fraction of its $150…
Indonesian online ride-hailing service Go-Jek is in talks with potential investors to raise fresh funds to expand the business, as the heavy subsidies it gives to drivers to keep rates competitive are unsustainable in the long run, its chief executive said on…
The South Korean retailer Lotte Mart on Thursday opened its 10th supermarket in Vietnam in Tan Binh District of HCM City, contributing to its expansion nationwide. Located at 20 Cong Hoa Street, Lotte Mart Tan Binh has investment capital of USD9 million and…
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