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HSBC Holdings Plc recently announced financial results that fell short of projections, impacted by unexpected fraud-related charges in the UK and escalating economic uncertainties due to the Middle East conflict. Financial Outcome Below Expectations In the…
Kimberly-Clark, the multinational personal care corporation, announced on Tuesday that sustained high oil prices could tally an additional US$170 million in expenses for the second half of the year. Despite the warning, the company maintained its annual…
In an endeavor to support consumers during a time of economic uncertainty and surging expenses, DBS Singapore has announced the provision of S$10 million (US$7.8 million) in cashback redemptions. These will be available for DBS and POSB cardholders, as well…
Home improvement retail is a sector known for its cyclical nature and susceptibility to shifts in consumer confidence. This is evident in Thailand’s DIY market, Southeast Asia’s largest, which is currently grappling with low consumer confidence, escalating…
More young Malaysians are finding themselves caught in the cycle of debt as the burden of financial obligations – largely from credit card loans – weighs heavy on their incomes. Among them is 29-year-old Chan Jun Hong, who spends almost MYR3,000 (US$763) each…
Dragon fruit exports from Vietnam, which historically garnered more than $1 billion annually, have plummeted to their lowest levels in over a decade. The first eleven months of last year saw exports decrease by 0.8% to $485.2 million, a low not seen since…
Hermes, the renowned French luxury brand, has announced the reopening of its renovated store at Bangkok’s IconSiam mall. The new upscale space responds to the rapidly increasing demand for luxury retail in Thailand’s capital city. The Hermes boutique in…
Over the past year, food prices in New Zealand have witnessed a substantial rise of 4.7%, an increase from the 4.1% rise recorded in September, as reported by Stats NZ. Significant Rise in Grocery Prices The hike in food prices has been particularly…
The Malaysian mobile connectivity market is thriving with approximately 43.3 million active cellular mobile connections, a figure that represents a remarkable 121% of the country’s total population. Mobile Virtual Network Operators (MVNOs) play a crucial role…
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…
Chinese beverage company Chagee Holdings is maintaining its focus on premium products, even in the face of falling sales and profits as customers turn to more affordable competitors. The company’s co-founder, Shang Xiangmin, stated in a recent interview, “We…
The Asia Pacific region is becoming an increasingly significant catalyst in bolstering worldwide trade resilience, despite international commerce encountering numerous challenges due to policy fluctuations. This finding is part of a recent update to the DHL…
Coconut oil prices are soaring in Asia, spearheaded by India—the largest consumer of the product—which has witnessed a tripling in prices within two years. This is attributable to a combination of supply shortages and burgeoning demand for the nutrient-filled…
VIPshop Holdings, a prominent Chinese online discount retailer, has reported a decrease in revenue and profit for the second quarter of the 2025 fiscal year. This decline is part of a broader strategic adjustment that the company is currently undertaking.…
Cash registers in Hong Kong won’t be ringing merrily next year after the US rate hike, with locals likely to scratch their travel itch with the appreciating Hong Kong dollar. The greenback reached a two-week high against a basket of major rivals yesterday…
