A bill that amends the Retail Trade Liberalization Act (RTLA) of 2000 was signed by President Rodrigo Duterte into law. Known as RA 11595, the new law will lower the amount of investment required of foreign-owned retail trade enterprises, effective January 21, 2022....
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital Group, and the latest new investor Falcon Edge Capital. The funding made the company achieve...
Home improvement brand MR D.I.Y. has announced its goal of opening at least 100 new stores a year, spurred by strong revenue over the past two years despite the Covid-19 pandemic. In a recent interview, the chief executive of the company announced that MR D.I.Y. wants...
PT Yili Indonesia Dairy, a subsidiary of the Yili Group, has just completed its new smart ice cream factory at the Greenland International Industrial Center, Bekasi, West Java. The construction cost around IDR 2 trillion (USD 139 million). The site covers an area of...
PTT Oil and Retail Business (PTTOR), the retail arm of Thailand’s state-owned energy giant PTT, has announced that it expects to double its net profit by 2025 as the company moves away from a gas station-based business to one more focused on retail and electric...
In December 2021, Foodpanda, the largest food and grocery delivery platform in Asia outside of China, announced the commencement of operations for a new pandamart store in Western Singapore, retailing over 5,000 products ranging from snacks, ready-to-eat meals,...
American footwear and apparel brand, Skechers, ended its distributorship agreement with its local partner in a bid to establish its own presence and directly operate its business in the Philippines under a new entity called Skechers USA Philippines, Inc. The...
Malaysian retailers continue to strike multi-channel partnership deals with various parties to take advantage of the opportunities brought by pandemic-posed challenges for the traditional channel. This includes Lotuss Stores Malaysia Sdn Bhd (Lotuss Malaysia),...
To diversify the retail business ecosystem in Vietnam, AEON Vietnam – the subsidiary in charge of the general retail business of AEON Group (Japan), continues to expand investment in small and medium-sized supermarket chains called AEON MaxValu. Each AEON...
Decathlon, the world’s largest sports retailer, and SM Supermalls, the Philippines’ largest mall developer, consolidated their partnership with further Decathlon store openings at key SM shopping malls – SM City North Edsa in Quezon City and SM Mall of...
Paris Baguette (PB) and Erajaya Food & Nourishment (EFN), which is part of Indonesia’s leading distributor and retailer of mobile phones Erajaya, have officially entered into a joint venture partnership. Through this partnership, Paris Baguette, a fast-casual...
According to the Electronic Transactions Development Agency (ETDA), in 2020, e-commerce in Thailand was ranked as the 26th largest market globally, with revenues of USD8 billion. In 2021 it is predicted that the sector will become a USD 120 billion industry with a...
