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Grab has expanded its fintech offer with “Buy Now Pay Later” facility and an online store check-out plugin. Through its joint venture with Credit Saison, the ride-hailing platform offers a post-paid payment facility which allows customers to pay for Grab…
The head of the Creative Economy Agency, or Bekraf, said he expects the number of cinema screens in Indonesia to double over the next few years, amid growing interest in the national film industry. “We expect to see at least 3,000 screens – twice what we have…
CJ CGV Vietnam Holdings said Friday it will further expand its presence in Vietnam by maximizing funds from its planned listing in Korea this month. The cinema chain based in Vietnam is scheduled to go public on Seoul’s main Kospi bourse on Nov. 16. It plans…
Dubai-headquartered Reel Cinemas has launched dine-in movie theatres in the UAE, with one planned for The Dubai Mall. The theatres – designed with comfortable seats and tables to eat while watching a movie – will feature meals created by chef Guy Fieri. The…
It will be mandatory for two commercial sites earmarked for sale in Kai Tak and Sha Tin to include cinemas in their land leases, as the government attempts to shore up the creative industries amid soaring rents. Rules set a fixed number of seats for cinemas,…
Earlier, on March 8, the M.V.P Group held a press conference to address issued related to the closure of Platinum Cineplex, the biggest cinema operator by screen in Hanoi, at three Vincom malls. The three cinemas include Platinum Royal City in Thanh Xuan…
CJ-CGV has quickly emerged as the dominant cinema chain with more than half of the market share. South Korean multiplex chain CJ-CGV, which currently has 38 cinemas and 247 screens in Vietnam, managed to triple its net profit last year to VND93.4 trillion ($4…
Indonesia’s CT Corp. is partnering with cinema operators to open movie theaters in its commercial complexes. The retail and media conglomerate hopes to tap growing demand for entertainment and gain an edge over other retailers. On Wednesday, CT retail arm…
GIC is investing 3.5 trillion rupiah (S$370 million) in Indonesian cinema operator PT Nusantara Sejahtera Raya (NSR) as the Singapore sovereign wealth fund hopes to capture a slice of Indonesia’s economic growth. The investment is intended to help NSR further…
Frasers Centrepoint Trust has entered into two sale and purchase agreements for the acquisition of the retail podium of Yishu 10 Cinema Complex. The deal is worth $37.8m. One of which was with Goldvein Trading Pte. Ltd., for the acquisition of units #01-01,…
The government’s recent decision to allow full foreign ownership in local movie businesses has attracted the interest of South Korean and Chinese cinema giants to invest in Southeast Asia’s largest market, a government official said. Creative Economy Agency…
D-BOX Technologies and PT Cinemaxx Global Pasifik (Cinemaxx), affiliate of Indonesia’s Lippo Group, are pleased to announce the conclusion of an agreement to install D-BOX immersive motion systems into the first auditorium in Indonesia in 2016. “The addition…
