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Metro, a well-known retailer based in Singapore, has announced plans to shutter its department stores located at Paragon on Orchard Road and Causeway Point. This decision comes in line with the company’s strategic pivot away from traditional large-format…
Metro Retail Stores Group (MRSGI) has achieved remarkable revenue growth in FY25, exceeding the PhP40-billion (approximately US$662.8 million) milestone. This growth was fueled by consistent sales growth, margin expansion, and ongoing network development.…
The retail vacancy rate in Metro Manila is projected to return to pre-pandemic levels by 2022, according to a recent study by Colliers Philippines. The rate of empty retail spaces in Metro Manila eased to 11.4% as of September 30, 2021. By the close of next…
South Korean fashion giant, Shinsegae, is set to make its entrance into the Singaporean market through a unique collaboration with Metro. This partnership will entail the launch of a pop-up store at Paragon, scheduled to run from September 25 until October 5.…
The hospitality landscape in Metro Manila is brimming with potential as the market anticipates the addition of approximately 3,000 new hotel rooms by the end of 2025. According to a recent report from JLL, hotel occupancy rates are currently strong, yet this…
In a significant stride towards enhancing urban mobility, VinSpeed has announced a groundbreaking VND76 trillion (US$2.93 billion) project aimed at revolutionizing the transportation landscape in Ho Chi Minh City. The financing structure reveals that 15% of…
Hanoi Metro’s post-tax profits surged to VND10 billion (approximately US$381,400) in the first half of 2025, a remarkable threefold increase compared to the same period last year. With revenues climbing by 50% to VND393 billion, the state-owned company…
Chagee: The Chinese Tea Brand Poised to Enter Philippine Market Chagee, a renowned Chinese tea brand, is poised to infiltrate the Philippine market. This expansion is earmarked for August, with three branches slated for unveiling in Metro Manila. The fresh…
The Dai Dung Corporation, Construction Corporation No. 1 Joint Stock Company (CC1), and Hoa Phat Group have joined forces to form a partnership known as DCH, seeking the approval of the HCM City People’s Committee to participate in local urban railway…
Vingroup, Vietnam’s largest private enterprise, has unveiled plans for an ambitious high-speed metro line that will connect downtown Ho Chi Minh City (HCMC) to the coastal district of Can Gio. This transformative project is set to cost $4 billion and promises…
Hanoi Metro, the operator of the capital’s first metro line, posted its first profit last year at nearly VND97 billion ($4.14 million). The profit was a turnaround from the VND37 billion loss recorded in 2021. The company saw revenues surge sevenfold to…
The Cat Linh – Ha Dong Metro Line in Hanoi has received an additional VND911 billion ($38.6 million) capital increase. The money will come from state coffers, with 24.4% of it from domestic funds and the rest foreign funds, according to a decision signed by…
Metro aims to cease the operative business by the end of October 2021, whereby all 10 stores and the delivery business will be closed. The company has thoroughly analysed alternative options but sees no path to profitable growth and a leading wholesale…
Fares on Hanoi’s first metro will range from VND8,000-15,000 ($0.35-0.65). City authorities have also decided that a day pass on the Cat Linh – Ha Dong metro line for unlimited trips will cost VND30,000. A monthly pass will cost VND200,000 and half that for…
Hanoi’s first metro line Cat Linh – Ha Dong is set to be handed over to city authorities in May for commercial operation. The company that built it, China Railway Sixth Group Co Ltd., on Wednesday began the process of handing over the Cat Linh – Ha Dong Metro…
Decathlon Singapore is opening a new experience store in Orchard Rd, the brand’s fifth experience store in the city. Located at the Centrepoint shopping mall, Decathlon Orchard spans two floors, occupying a 3200sqm area. The store will feature some 5000…
