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China’s e-commerce export sector is facing difficulties due to increasing jet fuel costs and a decrease in demand from lower-income consumers in the West. These challenges have arisen as a result of the ongoing conflict in Iran, which is affecting profits for…
Pop Mart, a Beijing-based producer of ‘blind box’ collectible toys, recently announced that their imminent profit margins are expected to be impacted by escalating production costs. The increase in production costs is the result of surging raw material…
Even as the cost of raw materials rises, food service operators in Johor, the southernmost state of Malaysia, have not yet increased their prices. However, if the Middle East conflict continues, these increases may become unavoidable. Adapting to Rising Costs…
In an endeavor to support consumers during a time of economic uncertainty and surging expenses, DBS Singapore has announced the provision of S$10 million (US$7.8 million) in cashback redemptions. These will be available for DBS and POSB cardholders, as well…
Many international students in Australia are facing considerable financial strain, as they attempt to balance their academic commitments with part-time work to afford their living expenses. A key concern among these students is the high cost of food and other…
Amazon, the technology behemoth, has announced that it has been in discussions with various vendors regarding modulation of costs to mirror the decreased tariff rates on Chinese imports. Previously, the company aimed to reduce the amount it compensates…
Mondelez, the renowned snack producer, has taken a step forward in leveraging artificial intelligence (AI) to reduce the expenses involved in creating marketing content by 30% to 50%. They have collaborated with advertising firm, Publicis Groupe, and IT…
Heineken, the Dutch brewing giant, has announced an ambitious five-year strategy that aims at utilizing fewer resources to generate more growth. The strategy will concentrate on specific markets and brands to maximize organic net revenue growth. The company…
Swiggy, one of India’s leading online food delivery platforms, has reported a near-doubling of its quarterly loss compared to the same period last year. This increase in losses is attributed to a significant rise in marketing expenditures aimed at securing a…
Hershey, the confectionery giant, has registered a significant increase in sales for the second quarter despite a drastic fall in profits. This arises from the escalating costs of cocoa, supply chain, and adverse effects from commodity hedging. In the most…
According to Fitch Ratings, India’s banking sector is on a promising trajectory, poised for growth bolstered by enhanced asset quality, robust capital reserves, and a stable profitability outlook. As banks maneuver through the financial landscape, analysts…
Thailand’s banking sector is bracing for a challenging second quarter in 2025, with expectations of a 9% year-on-year drop in earnings driven by rising credit costs and diminished pre-provisioning operating profits. According to UOB Kay Hian (UOBKH), the…
Amazon Business, a new platform designed to streamline operations and decrease expenses for organizations of various sizes, has been introduced by Amazon Australia. The platform will feature focused sections for kitchen and pantry goods, cleaning and…
Vietnam’s consumer price index (CPI) experienced a modest bump of 0.16% in May compared to the previous month, largely fueled by rising costs in rental housing, home maintenance materials, electricity, and dining out. This increase marks an ongoing trend in…
Dickson Concepts, a luxury retail company listed in Hong Kong, reported a significant decrease in annual profit for the year ending in March. The luxury goods retailer, operating across Hong Kong, Mainland China, and Taiwan, experienced a 43.5% drop in annual…
Would-be food franchisees are not being given the full picture before they buy into a business, with several franchisors withholding important details including the contact information of former franchisees. The ACCC has also found food franchisors were…
