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In the first half of 2026, Ho Chi Minh City (HCMC) received over $4 billion in remittances, marking a considerable decrease of almost 23% compared to the same period in the previous year. Factors contributing to this downward trend include a sluggish global…
ThaiBev, owned by Charoen Sirivadhanabhakdi, is reportedly contemplating the sale of its KFC franchise business in Thailand – the largest of its kind in the country. The fast-food chain’s operations are overseen by The QSR of Asia. This takeover was initiated…
In Vietnam, the price of gold took a hit on Wednesday morning, coinciding with a global decrease in bullion rates. Saigon Jewelry Company, a prominent gold dealer, experienced a 0.32% drop in the price of their gold bars. This translated to a new rate of…
On Tuesday morning, gold prices in Vietnam experienced an increase, despite global bullion rates experiencing their sharpest monthly fall in nearly two decades. The Saigon Jewelry Company reflected this trend with its gold bar prices ascending 0.63% to…
In a notable development, gasoline prices in Vietnam saw a significant drop ranging from 6.47% to 18.8% late on Thursday. The widely used RON95 fuel recorded the highest decrease of 18.8%, reducing its price from Wednesday to VND24,330 (equivalent to US$0.92)…
UBS, the banking behemoth based in Zurich, has unveiled its new cohort of managing directors. With a total of 155 appointments, this year’s list is smaller than the preceding year’s, representing an 11% drop from the 174 managing directors appointed last…
Drop By Dough, a renowned doughnut brand from Thailand, has launched its first international outlet in Hong Kong. Store Design and Location Situated in Central Hong Kong, the shop’s interior combines terracotta tiles and wooden furniture to create a warm and…
In a shocking turn of events, gold prices experienced their most significant daily drop in five years, resulting from investors cashing in their gains after the precious metal reached an unrivaled high in the preceding trading session. On Tuesday, spot gold…
Raw C, a renowned coconut water brand, has collaborated with Pistachio Papi to introduce a unique limited-edition beverage: pure coconut water blended with natural pistachio and white chocolate. The collaboration, aptly named “Sip The Spread,” will be…
Lanvin Group, which houses well-known luxury brands such as Lanvin, Wolford, Sergio Rossi, St John, and Caruso, recorded a decrease in revenue during the first half of the year. The group reported US$155.6 million in revenue, marking a 22% drop in comparison…
The luxury fashion conglomerate, Lanvin Group, which houses brands such as Lanvin, Wolford, Sergio Rossi, St John, and Caruso, has reported a decline in first-half revenue to US$155.6 million. This figure represents a 22% decrease compared to the same period…
The major breakfast cereal and snack producer, WK Kellogg, has revealed a significant drop in its net income for the second quarter as it readies itself for an upcoming acquisition by Ferrero Group. Drop in Earnings The company’s net income for the quarter…
Farmers are now selling top-grade Monthong durians for VND65,000-70,000 (US$2.64-$2.84) per kilogram, down 25-30% compared to the prices at the start of the season in July. Grade B durians are priced at VND55,000-63,000 per kilogram, with a similar decrease…
Luxury brand owner LVMH has reported a solid 15 percent increase in sales in the first half of this year, shrugging off gloomy consumer sentiment in many markets. The parent of Louis Vuitton, Christian Dior, Bulgari, Sephora, DFS, Moet and a raft of other…
Indian auto giant Mahindra & Mahindra (M&M) registered a growth of 11 per cent in auto sales for the financial year 2018-19. The automaker sold 608,596 units in the previous fiscal, as opposed to 549,153 units sold in FY2017-18. The company’s steady growth…
Huawei is betting pretty heavily on foldable smartphones and in a recent interview the CEO of the company’s Consumer Business Group, Richard Yu, revealed Huawei’s short-term expectations for the new device format. Because the foldable segment is so new,…
