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What is the INX media case and how are Chidambarams involved?

What is the INX media case and how are Chidambarams involved?

New Delhi: The INX Media case deals with the alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to the media group for receiving overseas funds of Rs 307 crore at the time when P Chidambaram was the Union finance minister. On May 15, 2017, the Central Bureau of […]

Kathmandu lifts same-store sales in FY19

Kathmandu lifts same-store sales in FY19

Kathmandu has reported a 2.7 percent year-on-year increase in same-store sales in Australia in FY19, and a 3.9 percent decline in same-store sales in New Zealand year on year. Overall, group same-store sales grew 0.6 percent year on year in FY19, the outdoor retailer said in a trading update on […]

Malaysia Facing Fintech Talent Shortage

As the historically conservative financial industry in Malaysia becomes increasingly open to fintech developments, a shortage of talent is seeing firms scramble for talent in a limited pool of candidates. Financial institutions in Malaysia can’t hire fintech talent fast enough to keep pace with the growing demands of consumers, according […]

Cebu Pacific to assess Mati City flights when airport is ready

Budget Carrier Cebu Pacific is ready to assess the viability of flights to Mati City, the capital of Davao Oriental province, as soon as the development of the airport for commercial operations starts. Cebu Pacific Director for Corporate Communications Charo Logarta-Lagamon said in an interview last week that they have always […]

Internet-Only Banks Closing Trust Gap

Internet-Only Banks Closing Trust Gap

Trust in tech firms entering the financial sector is strong and rapidly improving to close the gap with traditional banks in Asia Pacific where 77 percent already prefer accessing their banking services via digital channels. According to the research firm Forrester, banks continue to lead in trust rankings regarding consumers’ […]

Australian dollar rises

Australian dollar rises

The Australian dollar has risen Thursday, buying 67.59 US cents from 67.11 US cents on Wednesday. Yesterday, the local currency hit a 10-year low of 66.77 US cents after New Zealand’s central bank cut the country’s cash rate by a larger than expected 50 basis points. The Aussie was trading […]

Ecco is heading back to the Philippines

Ecco is heading back to the Philippines

Danish footwear brand Ecco is returning to the Philippines through a shop-in-shop concept at SM malls. The brand has launched spaces at SM Store Makati, SM Store Mall of Asia, and SM Megamall’s third floor Bridgeway Building. The openings are part of the label’s strategy to continue its expansion in […]

Retail sales in Indonesia decline

Retail sales in Indonesia decline

Retail sales in Indonesia declined 1.8 percent in June, compared with an annual growth rate of 7.7 percent a month earlier, a central bank survey showed on Thursday. The last decline from a year earlier was in January last year when retail sales also dropped 1.8 percent. The survey predicted […]

Victoria’s Secret controversial marketing chief stops

Victoria’s Secret controversial marketing chief stops

Longtime Victoria’s Secret chief marketing officer Edward Razek will resign following months of negative PR centered on his comments about plus-size and transgender models in a Vogue interview. Edward Razek, who has personally selected the lingerie brand’s models for more than 15 years, said in the interview that such models […]

Standard Chartered Banks on Chinese Fintechs

Standard Chartered Banks on Chinese Fintechs

Standard Chartered has launched a Shanghai-based innovation lab to tap China’s tech market and improve its own capabilities. The eXellerator innovation lab in China alongside others in Singapore Hong Kong, London, Kenya, and San Francisco are part of the bank’s SC Ventures unit, a research and development arm focused on […]

The Salted Plum opens at Suntec City

The Salted Plum opens at Suntec City

Southern Taiwanese restaurant The Salted Plum has opened its second outlet in Suntec City. The outlet features a spacious dining area with a street ambiance, a self-service system and new dishes exclusive to the venue. The brand, which serves tapas-style Taiwanese dishes, began as a pop-up called FiveTen before launching […]

Retail grows 10 per cent for the Philippines’ SM Investments

Retail grows 10 per cent for the Philippines’ SM Investments

The Philippines’ SM Investments has achieved 14-per-cent sales growth in the first half-year, its retail division up by 10 percent. Profit for the half-year rose 27 percent, with banking and property divisions driving most of the growth. The company said SM Retail  – which at the end of June had […]