While consumers across Asia-Pacific, the Middle East and Africa are feeling more optimistic about the six months ahead, many are not letting up in terms of stocking up their coffers. According to the …
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Hong Kong: Discovery Bay residents applaud Wellcome competition
After 11 and a half years of discussions, planning and development, Hong Kong’s Wellcome supermarket chain – one of the two largest in the territory – opened its first store in the r…
Billabong sued for USD153 million by Bali licensee
Surf and boardsports retailer Billabong International has hit back at an AUD168 million (USD153 million) lawsuit launched against it by its former Indonesian licensee, claiming the action is without f…
Sanyo eyes 15-percent growth despite tight competition
Indonesian subsidiaries of Japanese electronic company Sanyo Electric are upbeat they will still be able to maintain a 15-percent growth rate in the Indonesian electronics market despite an expe…
Dairy Farm to boost spending on hypermarkets, beauty chains
Dairy Farm International Holdings Ltd, Hong Kong’s second biggest retailer, will increase spending on hypermarkets in Southeast Asia and its health and beauty chain in China.
Capital spending ma…
Long way to go in Jakarta’s struggle against plastic bags
The road to hell is supposedly paved with good intentions, and in Indonesia’s capital, one of these may very well be the half-hearted move by authorities, retailers and consumers to reduce the u…
Beer is it, as Coca-Cola Amatil’s profits get a boost
Thirsty drinkers in Australia and across the Pacific have helped propel Coca-Cola Amatil’s full-year earnings 16.4-percent higher to a record AUD449 million (USD403 million), as the beverage gro…
Food costs push up Asia inflation
The rising cost of food is driving Asian inflation rates higher, increasing the stakes for a successful harvest this year in a region still bruised by the 2008 food crisis.…
The Regent Bali to open in 2011
Leading hotel company Carlson Hotels and the development conglomerate The Mayapada Group have announced their partnership to bring luxury brand Regent to Indonesia. They broke ground on the new p…
Asia manufacturers see robust growth
Asia’s manufacturing sector continued to show robust growth in January, with China reporting record industrial activity for the month while the purchasing managers’ index (PMI) in India, S…