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Over the past three years, approximately 64.5% of residential resale transactions in Singapore’s exclusive Sentosa Cove district have resulted in losses, according to data from local real estate platform, Mogul.sg. This figure marks a rise from the 62.8%…
Coupang, the South Korean e-commerce giant, reported a revenue of US$8.9 billion and a loss of $570 million for the second quarter. The loss is a significant reversal from the same period last year, which saw an operating income of $149 million and a marginal…
Online retailer Shein recently reported a notable quarterly loss of $99 million, as indicated in its pre-IPO financial filings. This downturn comes in the wake of the United States lifting an import duty exemption on small packages along with a significant,…
Hong Kong-based financial behemoth, Bonjour Holdings, has reported a slump in its earnings attributed to what the corporation describes as a “complicated” retail atmosphere. Financial Figures Bonjour Holdings reported a loss of HK$68.8 million (US$8.8…
Shinsegae Inc, a major retail conglomerate in South Korea, announced on Thursday that it plans to shut down its duty-free business unit in Incheon International Airport’s DF2 zone. This decision has been prompted by growing losses. Motivation Behind the…
Le Saunda, a prominent footwear retailer in Hong Kong, recently revealed disappointing financial results for the first half of the fiscal year. The company’s performance reflects a troubling trend, marked by widespread losses across its operations.…
Durian orchards in Dak Lak Province are suffering significant losses as export activities have halted and demand has plummeted due to delays in chemical residue testing. Doan Thi Thuy, an orchard owner in Krong Pak District, has experienced the harsh…
As the financial year closes, alarm bells are ringing for Dali Everyday Grocery Philippines, as the company’s financial stability comes under scrutiny. The grocery chain’s losses have widened this year, with liabilities creeping up to nearly match its assets.…
In a sensational case that highlights the complex interplay between gambling and mental health in Vietnam, a couple is at the center of a scandal involving massive losses and alleged corruption. Nguyen Mai Anh and Le Van Dong are part of a group of 145…
Cybercriminal strategies increasingly shift in Singapore, revealing vulnerabilities amidst a surge in human-led attacks. In a striking revelation, the LexisNexis Risk Solutions Cybercrime Report APAC 2025 underscores a significant shift in the cyber threat…
Long-haul, low-cost carrier AirAsia X has reported an operating loss of MYR82.5 million ($19.6 million) for the first quarter of its 2022 financial year. The carrier generated revenue of MYR99.3 million for the three months ended 30 September, and a net loss…
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