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Singapore’s M1 has reported a 16.1% slump in net profit for 2016 to S$149.7 million ($105.3 million), blaming lower international call and roaming revenues as well as rising expenses. The operator’s service revenue for the year fell 2% to S$805.5 million, due…
Tour groups from mainland China to Hong Kong could shrink by two-thirds in the first half of this year, dealing another blow to retailers and an economy facing pressure from slowing growth in China. China accounts for almost three-quarters of all visitors to…
Official Hong Kong retail sales figures for March show a 2.9 per cent year-on-year fall, blamed on shrinking in-bound tourist numbers. According to data released by the Census and Statistics Department the fall follows a two per cent drop in January and…
Lifestyle company Osim has posted a 53 per cent profit drop for the first quarter on declining sales. The retailer of massage chairs and other remedial devices, says sales fell 13 per cent quarter-on-quarter, blaming a lack of new products and a drop-off in…
Hong Kong’s worth of complete retail gross sales fell 2.9 % year-on-year to 38.four billion HK dollars ( about four.9 billion U.S. dollars) in March, 2015, the statistics division stated right here on Tuesday. The worth of gross sales of jewellery, watches…
Japan retail sales plunged nearly 10 per cent in March compared with a year ago. The sales slump – 9.7 per cent – was worse than expected, but despite the shock, analysts urged caution in the interpretation of the data. In March 2014, sales were artificially…
