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Rents for coworking office space in HCMC decreased 12 percent year-on-year last year due to the impacts of the Covid-19 pandemic, a report says. The occupancy rates of coworking office space in Grade A and B buildings last year plunged by 7 percentage points…
Office supplies retailer Staples has made an offer to buy Office Depot owner ODP Corp for US$2.1 billion in cash, nearly five years after its second takeover effort was rejected. The US Federal Trade Commission blocked Staple’s $6.3 billion offer in 2016,…
Companies in Hanoi are struggling to find Grade A office space in the downtown area because of limited supply. Major Grade A office buildings in the downtown district of Hoan Kiem are recording 95-100 percent absorption rates due to high demand in the capital…
Though foreign firms continue to dominate the best workplace list, things are changing with more and more Vietnamese companies making the cut. The latter accounted for half of this year’s top 20 in the 100 Best Places to Work survey released on Thursday by…
Netflix does not have plans to open a representative office or place servers in Vietnam, but said it is working with authorities to meet tax obligations. The U.S. streaming giant said in a statement Friday that it is for governments to decide the rules on…
Central Retail (CRC) is to buy out COL Public Company, the parent company of Thai retail chains OfficeMate, B2S, and Meb E-Books. The deal with COL, which is estimated at US$390 million, will add the three brands to CRC’s existing retail portfolio and…
With the beginning of next week, June 15, Apple will have some of its employees return to work at its headquarters in Cupertino. According to sources, the company has informed its staff that this will only apply for a small number of employees, while most…
Hong Kong Post will roll out more than one new iPostal station every week this year, to boost services to online shoppers. The company will build 20 iPostal stations in the first quarter of this year and more than 80 by the end of the year, which will take…
Coworking startup WeWork plans to open two more offices in Ho Chi Minh City’s District 1 this month. One of them will be at Lim Tower 3, and rents will start at VND6.9 million ($297) per month for a single-seat, according to the company’s website. Another…
The first standalone Rituals Hong Kong store is slated for opening in July as the Dutch cosmetics retailer ramps up its presence in Asia. The company has promoted business development manager of travel retail, Marjet de Vlieger, as head of travel retail Apac.…
Shinsegae International has launched a new coworking space in Seoul it expects will boost its retail business. The new 278sqm “Scale Up” space in Cheongdam-dong is targeted at startups in the lifestyle-related industry. With seven offices and meeting rooms,…
UBS will move to 9 Penang Road, where the firm will take up all eight floors of office space at the redeveloped Park Mall building. UBS Singapore has signed a lease to take up all the office space of the redeveloped Park Mall building at 9 Penang Road,…
UBS is considering to move its office out of the central business district, according to local media reports. UBS is likely to consolidate its Singapore office footprint by relocating from One Raffles Quay and Suntec City to 9 Penang Road, according to a…
Hanoi offered the highest grade A office rental yield in the world last year — 8.57 percent, a Savills report said. This was the third straight year the Vietnamese capital ranked top, according to the British property consultancy, which used data from the…
Jeans and T-shirts will be allowed at Hyundai Motor offices from March 4 as the auto group’s heir apparent Chung Eui-sun looks for new ways to give the automaker a younger, trendier feel. On Monday morning, Hyundai Motor employees at its headquarters in…
The Korea International Trade Association (KITA) said Tuesday it has set up an office in Dubai to help local start-ups advance into the Middle Eastern market. Under an agreement with Dubai Future Foundation, the Korea Office will be set up at Emirates Towers…
