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Over a year ago, Chinese fast-fashion retailer Shein embarked on an ambitious plan to make Vietnam its main export base. Shein started leasing 15 hectares of warehouse facilities near Ho Chi Minh City, which is approximately the size of 21 football pitches.…
United Overseas Bank (UOB) recently unveiled a series of significant leadership shifts within its operations in China and Hong Kong. This announcement is a testament to the bank’s dedication to fortifying its cross-border business operations between China and…
Levi Strauss & Co. has announced that Anita Fung will take on the role of Managing Director for the Levi’s brand in Greater China. The region is a key strategic market for the company, and this appointment is an important step in their long-term growth plans.…
Itacho Sushi, a restaurant chain originally established in Hong Kong, has abruptly shut down all its branches in Singapore. The unexpected closure was brought to light when the brand’s outlets at Ion Orchard, Bugis Junction, The Star Vista, and Novena Square…
Jollibee Foods Corp, a major player in the foodservice industry, has announced its intention to separate its international operations from its existing company structure. This significant move involves setting up a new, independent entity, which will be…
Starlink, a satellite internet service, has ceased its operations in Papua New Guinea following a directive from the country’s telecommunications regulator. This halt in services comes amidst an ongoing dispute over licensing. The Regulatory Standoff The…
Data centers in the Asia Pacific region are undergoing a significant transformation as they move away from conventional staffing models, typically made up of engineers conducting nightly rounds, to environments that are increasingly autonomous where robots…
HSBC, the London-based banking conglomerate, has announced the appointment of Steve Hughes as the new Chief Executive Officer of its Australia and New Zealand operations. This change in leadership will take effect from the 1st of January, 2026. Leadership…
Deutsche Bank Private Bank has appointed a former executive from Julius Baer’s onshore Thailand joint venture to their private wealth team. Penluck Sriboonruang has taken the post of vice president on the Thailand team, now based in Singapore and reporting…
Indosat Ooredoo Hutchison (Indosat) has teamed up with Cisco, the leading global authority in security and networking, to unveil Indonesia’s Sovereign Security Operations Center (SOC). This initiative marks a significant advancement in bolstering the nation’s…
Starbucks has ignited speculation by initiating discussions with over a dozen potential buyers for its China operations, as reported by Caixin. However, amidst this buzz, the company has clarified that a complete sale is not on the table. Not Selling the Farm…
The global marketplace is undergoing a seismic shift as companies rapidly embrace artificial intelligence. A recent McKinsey report reveals that 78% of organizations are already utilizing AI, and a staggering 92% plan to ramp up their investments in this…
Singtel has unveiled iSHIP, an all-in-one platform providing critical satellite-enabled connectivity and digital services for the maritime industry. iSHIP’s integrated services for crew and fleet management allows ship managers and owners greater flexibility…
E-commerce and gaming firm Sea said on Monday it is withdrawing from India’s retail market just months after starting operations there, the second pullback this month in an overseas expansion drive, as the loss-making firm faces a weak growth outlook. The…
Tesco Asia like-for-like sales fell 6.2 per cent last year, but the decline eased to 3 per cent in the fourth quarter as restructuring of the Thai business took effect. UK-headquartered grocery retailer Tesco Group included the results of its Tesco Asia…
Higher revenues have motivated almost 70 percent of Japanese firms in Vietnam to consider expanding their business here. Higher revenue was cited as the reason for expansion plans by 65 percent of Japanese businesses. Another 43 percent saw greater potential…
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