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Sea Ltd, a Singapore-based conglomerate, has announced a significant increase in its sales and marketing expenditure during the third quarter. This resulted in a jump in revenue, but it also had a negative impact on profits. This increase in spending comes as…
Malaysia’s largest coffee chain, Zus Coffee, plans to launch 200 new outlets in Southeast Asia this year, according to CEO Venon Tian in an interview with Bloomberg. Zuspresso, the operator of the Zus brand, is targeting at least 107 new stores in Malaysia,…
Seafood exporters are seeing orders plummet and facing even greater difficulties than during the Covid-19 pandemic. In the first five months of this year their exports fell by 28% to $3.37 billion and companies saw a decline of 20-50% in export orders,…
ByteDance-owned TikTok hopes to more than quadruple the size of its worldwide e-commerce operations to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar…
Sea shipping costs have plunged by over 80% from the previous peak as consumption has dropped amid inflation concerns. Tran Lam Son, CEO of wood and furniture exporter Thien Minh, said that shipping a container to Europe now costs around $1,700, down nearly…
Vietnam expects to rake in between 800,000 to $1 billion worth of sea culture product exports by 2025, according to a development project of the sector towards 2030 with a vision to 2045. Also by the time, the total area of sea culture is set to hit 280,000…
Domino’s Pizza Malaysia is set to become part of the largest Domino’s network outside of the United States (US) via a proposed acquisition by Domino’s Pizza Enterprises Ltd (DPE). DPE is an Australian-based group that operates more than 3,400 Domino’s stores…
U.S. trade officials on Monday said they will launch an investigation that could result in tariffs on solar panels imported from four Southeast Asian nations, a blow to clean energy project developers that rely on cheap imports to keep costs down. The…
Vietnam was Southeast Asia’s largest gold bullion and coin market last year and among the top 10 globally. The demand in the country exceeded 31.1 metric tons compared to 28.7 tons in Thailand and 19.8 tons in Indonesia, according to the World Gold Council.…
Vietnam was Southeast Asia’s largest gold bullion and coin market last year and among the top 10 globally. The demand in the country exceeded 31.1 metric tons compared to 28.7 tons in Thailand and 19.8 tons in Indonesia, according to the World Gold Council.…
Southeast Asia’s online food-delivery market is expected to treble in the next five years, reaching US$28 billion in transactions, according to a report released by Grab and Euromonitor International. The growth is expected to be seen in emerging markets such…
The decline this year in shrimp and fish farming in the Mekong Delta threatens to cause a serious shortage of raw materials for processors in the coming months. “We have increased shrimp prices, but many farmers are still worried that Covid outbreaks will…
Deutsche Bank continues to expand its wealth business in the region, particularly in southeast Asia where it hired a new investment management team head. Alania Concepcion joins Deutsche Bank Wealth Management as a director and investment management team…
Pact Group, Cleanaway, Asahi Beverages and Coca-Cola Europacific Partners (CCEP) have announced they have signed a Memorandum of Understanding (MOU) to form a joint venture that will build and operate a new PET recycling facility. Under the MOU, the parties…
The prices of imported king crabs and abalones have risen by 30-50 percent in HCMC due to limited supply caused by mobility restrictions. King crabs are sold at VND2.5-2.9 million ($109-126) per kilogram, 50 percent higher year-on-year. Australian and South…
Singapore-based Finantier has closed an oversubscribed seed financing round at more than 20 times its pre-seed valuation. Finantier plans to strengthen its presence in Indonesia and Southeast Asia after raising seven figures in seed funding in a round led by…
