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 […]
New Delhi: A day after the Delhi High Court refused to grant former Union minister P Chidambaram anticipatory bail in a case of money laundering, a team of lawyers representing Chidambaram led by Kapil Sibal knocked the Supreme Court’s door twice in an attempt to file an anticipatory bail plea […]
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 […]
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 […]
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 […]
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’ […]
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 […]
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 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 […]
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 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 […]
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 […]
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 […]