The Indian budget for 2010/11 is being presented against a background of optimism – the impact of the financial crisis on the Indian economy is waning; the growth rates of gross domestic produ…
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Westfield loses sparkle
If there was any doubt that shopping-centre giant Westfield had lost its sparkle of yesteryear, its latest results – a loss of AUD457 million (USD410 million) – signal a stock that is trad…
Indonesia’s government sets out plans to support traditional retail channels
Following on from discussions by Thailand’s government in 2008 to protect traditional retailing in the country, Indonesia’s newly appointed economic team have suggested that the country ma…
Hong Kong: State of the art
The international art market is showing renewed signs of life with the recovery of the global economy. On 3 February, Alberto Giacometti’s Walking Man I sold at Sotheby’s London at a recor…
Abercrombie & Fitch profits fall after difficult year
US fashion retailer Abercrombie & Fitch has been hit with falling sales as shoppers have cut back during the recession.
The company has recorded a 31-percent drop in net income to USD47.…
Indian textile sector to see recovery in 2010
The Indian textile industry, which was hit hard by the global economic recession, is all set to witness a recovery in 2010, barring cotton textile exporters who may face another challenging year, glob…
Nestlé India to add new facilities to meet demand
With the market coming out of recession, fast-moving consumer goods major Nestlé India is looking to add new facilities to meet the growing demand for its products in the long term. According t…
India’s green revolution wilts
In the 1970s, India dramatically increased food production, finally allowing this giant country to feed itself. But government efforts to continue that miracle by encouraging farmers to use fertiliser…
Retail World Asia comes to Hong Kong, May 2010
The 2010 Retail World Asia summit will take place at InterContinental Group’s flagship hotel in Hong Kong on 18-19 May.
The two-day event will provide a platform for discussion, debate…
Bates and Virgin Mobile building a youth brand in India
India’s Bates 141 and Virgin Mobile are due to present the award-winning case study tracking Virgin Mobile’s path into India’s youth market at this year’s Asian Marketing Effec…