Retail News CRM

Author: Mei Ling Tan

Hong Kong and Cambodia Unite to Crush Spam Communications: A Victory for Cross-Border Collaboration

The Hong Kong Office of the Communications Authority (OFCA) and the Telecommunication Regulator of Cambodia (TRC) have agreed to a memorandum of understanding (MoU) aimed at bolstering their collaborative efforts in the fight against scam calls, scam messages, and other forms of spam communication.

Strengthening Regulatory Cooperation

The MoU was signed on January 26th during a bilateral meeting between Mr. Chaucer Leung, the Director-General of Communications for Hong Kong, and Mr. Chenda Thong, the Chairman of Cambodia’s TRC. This agreement sets out a comprehensive framework that will facilitate closer cooperation and a more streamlined exchange of information between the two regulatory bodies.

The outlined areas of focus include regulatory practices, public awareness campaigns, and the development of technological practices specifically designed to mitigate the impact of scam and spam communications, such as voice calls and SMS messages.

Shared Commitment to Tackling Scam and Spam Communications

Commenting on the significance of the MoU, Mr. Chaucer Leung noted its importance in facilitating the sharing of expertise and experiences in battling scam and spam communications. He elaborated that it would also encourage the timely sharing of insights regarding emerging market trends and developments, allowing both regulators to identify and effectively tackle evolving scams and spam threats in Hong Kong and Cambodia. The MoU, according to Mr. Leung, is a clear demonstration of their joint commitment to devising and improving measures to effectively handle scam and spam communications.

Measures in Place in Hong Kong

In Hong Kong, the OFCA has been collaborating closely with telecommunications service providers and government departments to maintain the integrity of its communications network. These efforts have seen the implementation of key measures such as requiring operators to block suspected fraudulent phone numbers and websites, barring suspicious inbound calls that attempt to spoof the +852 Hong Kong prefix, the introduction of the SMS Sender Registration Scheme, and the enforcement of the Real-Name Registration Program for SIM cards.

Questions & Answers

What is the main focus of the MoU signed between the Hong Kong OFCA and the Cambodian TRC?
The MoU provides a framework for cooperation and information sharing between the two regulators, aimed at combating scam and spam communications. This includes voice calls and SMS messages.

Who signed the MoU on behalf of the two countries?
The MoU was signed by Mr. Chaucer Leung, the Director-General of Communications for Hong Kong, and Mr. Chenda Thong, the Chairman of Cambodia’s Telecommunication Regulator.

What measures have been implemented in Hong Kong to tackle scam and spam communications?
In Hong Kong, various measures have been put in place. These include requiring operators to block suspected fraudulent phone numbers and websites, barring suspicious inbound calls spoofing the +852 Hong Kong prefix, implementing the SMS Sender Registration Scheme, and enforcing the Real-Name Registration Program for SIM cards.

January 29, 2026
LS Cable & System Spearheads Submarine Power Grid Expansion in Malaysia: Aims for Dominance in Booming Asia-Pacific Subsea Cable Market

The initiative’s main objective is to guarantee a reliable power supply by enlarging a 132kV-grade underwater power grid between the Malaysian peninsula and Langkawi Island, a well-known tourist hotspot.

LS Cable & System prevailed over several international corporations to secure this second Langkawi venture, following an earlier project. The firm emphasized its capacity to manage intricate turn-key projects, supervising everything from design and material provision to installation and construction. This was over and above the basic cable supply, thus demonstrating its superior engineering proficiency.

It is predicted that the worldwide underwater cable market will increase to KRW 34 trillion by 2030. The Asia-Pacific region, renowned for its abundant islands, is likely to be at the forefront of this surge with KRW 20 trillion. At present, Southeast Asia is diligently working on large-scale underwater power grid projects in an effort to set up the ASEAN Power Grid (APG). The primary goal of the APG is to interconnect national power infrastructures.

LS Cable & System is poised to use this project as a stepping stone to boost its international order references and quicken its growth in the local market. The company plans to join forces with LS Marine Solution and other associates on large national projects. One example of such a project is the West Coast energy highway, for which a bidding notice is expected to be released in the first half of this year.

LS Cable & System stated, “We are establishing credibility in the global market, built upon previous project implementation experience and our technical prowess. We are determined to strengthen our leadership in the underwater cable market by successfully executing domestic and international backbone network construction projects, leveraging our proven turn-key competencies.”

Questions & Answers

What is the primary goal of the project?
The project’s main goal is to ensure a reliable power supply by expanding a 132kV-grade underwater power grid between the Malaysian peninsula and Langkawi Island.

What is LS Cable & System’s role in the project?
LS Cable & System is responsible for managing complex turn-key projects, including design, material supply, laying, and construction.

What future plans does LS Cable & System have?
LS Cable & System plans to use this project to enhance its international order references and accelerate its expansion into the domestic market. It also intends to collaborate with LS Marine Solution and other partners on large-scale national projects.

January 29, 2026
Damiani Debuts First Flagship Store in Seoul: A Taste of Italian Luxury in Korea’s Gangnam District

Damiani, the esteemed Italian jewellery manufacturer, has proudly unrolled its first flagship store in South Korea. This exciting new venture is nestled in the bustling Gangnam District of Seoul.

The Essence of Casa Damiani Seoul

The boutique, christened Casa Damiani Seoul, draws its inspiration from the warmth and charm of traditional Italian homes. The space has been thoughtfully designed to foster a hospitable and inviting atmosphere, where customers can explore and appreciate fine jewellery in a relaxed and comfortable setting.

The exterior of the store is marked by a series of vertical frames that encapsulate the structure, all bathed in a sophisticated champagne-gold hue.

The Interior Design

Inside, the boutique boasts a distinctive selection of Italian materials. Among these are Calacatta marble, leather, and various textile finishes. The décor is further enhanced by geometric designs that are reminiscent of the Maison’s Belle Epoque collection, serving as a recurring motif throughout the interior.

Moreover, exquisite glass creations and chandeliers, crafted by Venini—an entity within the Damiani Group—infuse an extra touch of artistry into the space.

Celebrating the Flagship Store

In celebration of the store’s opening, Damiani showcased the Belle Epoque Marea Cross necklace, an exquisite piece adorned with Paraiba tourmalines. The name ‘Marea’, which translates to ‘the movement of the sea’ in Italian, serves as an ode to the ocean-like hues that Paraiba tourmalines are renowned for.

Questions & Answers

What is the inspiration behind Casa Damiani Seoul?
The boutique is inspired by the warmth and charm of traditional Italian homes, providing a hospitable and inviting atmosphere for its customers.

What unique design elements are incorporated in Casa Damiani Seoul?
The store’s design incorporates a selection of Italian materials, including Calacatta marble, leather, and textile finishes. Geometric designs inspired by the Maison’s Belle Epoque collection serve as a recurring motif.

What is the Belle Epoque Marea Cross necklace?
The Belle Epoque Marea Cross necklace is an exquisite piece adorned with Paraiba tourmalines. The name ‘Marea’ references the ocean-like hues for which Paraiba tourmalines are known.

January 28, 2026
Foodpanda Expands Footprint in Singapore with New Pandamart XL Stores: Bigger Selection, Better Value!

Foodpanda, a popular food delivery service, has recently expanded its presence in Singapore with the opening of two additional Pandamart XL stores. These new locations, situated in Kallang and Yio Chu Kang, have been established to meet the increasing consumer demand and will provide a wider variety of products.

Understanding the Change in Consumer Behaviour

Bhavani Mishra, the Managing Director of Foodpanda Singapore, shared that they have noticed a shift in how their customers in Singapore are shopping. Shoppers are becoming more intentional, planning their purchases meticulously, spending wisely, and doing bulk shopping in one go. The new Pandamart XL stores have been specifically designed to cater to these changing needs.

Expanded Product Range

Pandamart XL stores are characterized by a larger product range, around 30 per cent more than their regular stores. This increased product assortment includes not just everyday items, but also specialty imported goods and locally popular items. This is designed to offer customers more options and better value while retaining the convenience they have come to expect from Foodpanda.

Quick-commerce and Its Evolution

Axelle Guibert, the Director of Quick-commerce at Foodpanda Singapore, elaborates that quick-commerce has moved beyond just being about convenience. It has become a part of the daily shopping rhythm in Singapore. With their new Pandamart XL stores, Foodpanda aims to deliver both scale and speed, offering customers a wider selection and better value, all in proximity to their homes.

Foodpanda currently operates three Pandamart XL stores. The company utilizes hyperlocal demand trends for effective stock planning. This ensures that each store’s inventory is tailored to meet the specific needs of its surrounding neighbourhood.

Questions & Answers

What is Foodpanda’s recent development in Singapore?
Foodpanda has recently opened two more Pandamart XL stores in Kallang and Yio Chu Kang, Singapore.

What distinguishes Pandamart XL stores from regular stores?
Pandamart XL stores offer 30 per cent more products than regular stores, including specialty imported goods and locally popular items, providing customers with more choices and better value.

How does Foodpanda plan its inventory for the Pandamart XL stores?
Foodpanda utilizes hyperlocal demand trends for stock planning, ensuring that each store is tailored to meet the specific needs of its surrounding neighbourhood.

January 28, 2026
“LVMH Shatters Q4 Sales Predictions: Luxury Sector Sees Hope with China’s Uptick”

LVMH, the conglomerate which owns luxury brands Louis Vuitton and Tiffany, outperformed fourth-quarter sales projections on Tuesday. This development has raised expectations of a revival within the luxury sector, despite challenges including trade conflicts, a depreciating dollar, and elevated gold prices impacting profit margins.

In the final quarter, the leading luxury firm posted overall sales of 22.7 billion euros (US$27.1 billion). This represents a 1 per cent increase on a comparable basis, outperforming predictions of a 0.3 per cent decrease as per Visible Alpha’s consensus forecast.

Signs of Recovery in Asia

The France-based conglomerate revealed indications of resuming growth in Asia, with domestic Chinese sales seeing an uptick in the quarter. This supports the trend of recovery that the retail giant has been witnessing over the last few months.

The watches and jewellery division of LVMH experienced a sales growth of 8 per cent in the quarter, surpassing expectations. However, revenue from its main fashion and leather division, which contributes most to the overall profits, saw a 3 per cent decline when adjusted for currency fluctuations – a figure that was in line with projections.

The luxury sector is slowly recovering from a prolonged slump, and recent positive results from industry peers Richemont and Burberry, bolstered by a rebound in China, have been encouraging.

Caution Moving Forward

However, despite the promising results, LVMH’s CEO and billionaire owner, Bernard Arnault, signaled caution for the future, stating plans to restrict costs and expenses. Arnault cited ongoing geopolitical crises, economic uncertainty and certain state policies, including those in France, aimed at maximizing taxation, as reasons for adopting a cautious approach.

The conglomerate’s operating profit for 2025 dropped by 9 per cent, with margins affected by a range of factors including currency movements, US tariffs impacting alcohol exports, and record gold prices escalating import costs for jewellery.

Strategies Amid Challenges

Amid a real estate crisis and stiff local competition in China, LVMH has been strategically leveraging its financial strength to gain an edge. This approach has seen the opening of a large, ship-shaped Vuitton store in Shanghai and a new Dior flagship store in Beijing, among other initiatives.

The ship-shaped store has proven to be a “great success” for the prominent Louis Vuitton brand, according to Arnault. Chinese customers, including international tourists, comprise nearly one-third of LVMH’s fashion and leather sales, as per UBS estimates.

During its last trading update, LVMH’s positive remarks about slightly improved Chinese demand led to a rally in the luxury stock market, adding nearly $80 billion to combined company valuations.

The company stated that the weaker dollar had resulted in US tourists spending less in Europe, with regional sales dropping 2 per cent last quarter. Conversely, US sales rose by 1 per cent in the same period. Sales in Asia, including China, increased by 1 per cent.

Questions & Answers

What was the overall sales of LVMH in the fourth quarter?
The company recorded overall sales of 22.7 billion euros (US$27.1 billion).

How did the sales of LVMH’s watches and jewellery division perform?
The watches and jewellery division experienced an 8 per cent growth in sales in the quarter.

What factors are affecting LVMH’s operating profit?
The operating profit was impacted by a range of factors including currency movements, US tariffs impacting alcohol exports, and record gold prices escalating import costs for jewellery.

January 28, 2026
Kodak Apparel Captures Hong Kong Market with First Pop-Up Store, Celebrating Legacy with Film-Inspired Fashion

Kodak Apparel, a fashion brand licensed by Eastman Kodak and based in South Korea, has expanded its retail presence with the launch of a pop-up store in Kai Tak’s Airside, Hong Kong. This event marks the brand’s first physical entry into the Hong Kong market.

Product Offerings

The pop-up store features an array of Kodak Apparel’s licensed merchandise. The range includes various apparel and accessory items such as jackets, t-shirts, knit caps, backpacks, and socks. The products prominently display Kodak’s heritage, using film-inspired branding and the company’s distinctive red-and-yellow colour scheme.

Unique Store Features

In addition to its product offerings, the Hong Kong pop-up store pays homage to Kodak’s deep-rooted history in photography. This is evident in the themed photo booth installations found within the store. Additionally, an exclusive t-shirt, bearing the words “Kodak Hong Kong” accompanied by the slogan “You press the button, we do the rest” is on offer to customers.

Brand Expansion

Since its inception in South Korea in 2020, Kodak Apparel has experienced a rapid surge in growth within its home market. It operates over 100 brick-and-mortar stores, including concession stands in major department stores. The brand’s expansion into Hong Kong follows earlier forays into the Japanese and Taiwanese markets. These developments align with Kodak Apparel’s wider strategy of strengthening its fashion footprint across various Asian markets.

Questions & Answers

When was Kodak Apparel Launched?
Kodak Apparel was launched in South Korea in the year 2020.

What kind of merchandise does Kodak Apparel offer?
Kodak Apparel offers a range of apparel and accessories, which includes jackets, t-shirts, knit caps, backpacks, and socks.

What is the significance of the pop-up store in Hong Kong?
The pop-up store in Hong Kong marks Kodak Apparel’s first physical retail presence in the Hong Kong market.

January 28, 2026
Yamamoto Hamburg: Japanese Hamburger Chain Set To Debut In Hong Kong This Month

Yamamoto Hamburg, a Japanese company renowned for its handmade hamburger patties, is set to establish a new outlet in Hong Kong next month. The location of this new establishment will be PopCorn in Tseung Kwan O, marking Yamamoto Hamburg’s first venture in the Hong Kong market.

Brand’s Second International Expansion

This move constitutes the brand’s second foray outside its homeland Japan, with the first expansion taking place in Taiwan. The Hong Kong venture also complements Yamamoto Hamburg’s sister brand, Hikiniku to Come, which made its Hong Kong debut in 2024.

The Hong Kong flagship location, which spans 1700 square feet, will accommodate over 60 guests. The decor is centered around the brand’s friendly, communal ethos, with natural wood finishes, gentle lighting, and relaxed seating arrangements to facilitate casual, family-friendly dining.

A Culinary Legacy Spanning Two Decades

Yamamoto Hamburg was established in 2005 by Shohei Yamamoto. The brand primarily deals in handmade hamburger patties, crafted from Australian Black Angus beef and Spanish pork, establishing it as a relaxed, family-focused dining option.

Yamamoto expressed his delight at the expansion, stating, “Since our inception in Tokyo twenty years ago, my aim has been to spread the pleasure of Japanese handmade hamburg – prepared with safe, reliable ingredients imbued with the warmth of home cooking – to the world. I am therefore thrilled to bring my first hamburger brand, Yamamoto Hamburg, to Hong Kong.”

Yamamoto Hamburg aims to provide an authentic daily feast revolving around family and the comforting essence of Japanese dining, as Yamamoto recalled the meals his mother used to prepare.

Questions & Answers

When was Yamamoto Hamburg established?
Yamamoto Hamburg was founded in 2005 by Shohei Yamamoto.

What does Yamamoto Hamburg specialize in?
Yamamoto Hamburg specializes in handmade hamburger patties using Australian Black Angus beef and Spanish pork.

Where is the brand’s new outlet to be located in Hong Kong?
The new outlet of Yamamoto Hamburg is slated to open in PopCorn, Tseung Kwan O.

January 27, 2026
Waning Dollar Takes a Dive Against Vietnamese Dong Amid Global Currency Shifts

The US dollar experienced a dip in value against the Vietnamese dong on Monday, hovering around a four-month low in comparison to major currencies. Vietcombank listed a slight decrease of 0.05% over the weekend in the exchange rate of the US dollar, trading at VND26,368. The black market, on the other hand, observed a marginal increase of 0.12%, with the dollar being exchanged approximately around VND26,447.

Global Currency Market Scenario

The currency market worldwide witnessed the yen gaining strength on Monday, which subsequently led to a lower valuation of the dollar across various markets. This development has emerged amidst speculations over potential risks of the first joint US-Japan currency intervention in 15 years, which has kept investors on their toes.

The US dollar index, a tool for measuring the strength of the US dollar against six major currencies, saw a decline of 0.1%, bringing it dangerously close to a four-month low, at 97.082.

The yen appreciated as much as 1.2%, reaching 153.89 per dollar, its highest value since November. Concurrently, the euro also made strides, hitting a four-month high of $1.1898 and later settling at an increase of 0.4% at $1.18665.

Other Currency Movements

In addition to these movements, the British pound sterling also saw a slight increase of 0.1% to reach $1.36615. Meanwhile, the Australian dollar and the New Zealand dollar appreciated by 0.3% and 0.2% to touch $0.69165 and $0.59605 respectively.

According to Marc Chandler, chief market strategist at Bannockburn Capital Markets in New York, the dollar was already vulnerable to fluctuations. However, the increase in the yen’s value served as the catalyst for market-wide selling of the dollar.

Questions & Answers

What was the exchange rate of the US dollar in Vietcombank and the black market?
The US dollar was traded at VND26,368 in Vietcombank, marking a 0.05% decrease. Conversely, on the black market, it saw a 0.12% increase, being traded around VND26,447.

What triggered the market-wide selling of the US dollar?
The primary trigger for the market-wide selling of the US dollar was the rising strength of the yen, according to Marc Chandler, chief market strategist at Bannockburn Capital Markets in New York.

What changes did other major currencies witness?
The yen rose by 1.2% to 153.89 per dollar, the euro increased by 0.4% to $1.18665, the British pound sterling increased by 0.1% to $1.36615, the Australian dollar increased by 0.3% to $0.69165, and the New Zealand dollar increased by 0.2% to $0.59605.

January 27, 2026
APAC SMEs Prioritize Sustainability: FedEx Study Reveals Green Business Imperative in Supply Chain

FedEx, a leading global express transportation company, has recently disclosed significant insights from its Asia Pacific (APAC) research. The study examines consumer and business perspectives on sustainability and international trade, spotlighting key areas of interest for businesses throughout the region.

APAC Businesses Show High Environmental Awareness

The study reveals that majority (80%) of the region’s small and medium-sized enterprises (SMEs) take into account environmental issues when carrying out trade activities with Europe. This showcases how sustainability is progressively playing a more significant role in logistics-based decisions. SMEs from Southeast Asian markets, including over 55% of those in Malaysia and Indonesia, are at the forefront of this trend, with a keen focus on sustainable supply chain alternatives. This demonstrates an escalating awareness and proactive approach towards environmental concerns among regional businesses and consumers.

Consumer Influence on Business Sustainability

According to the study, consumers are the primary force behind the demand for eco-friendly business practices. 84% of APAC consumers are encouraging businesses to establish environmentally conscious e-commerce alternatives. Environmental responsibility is increasingly becoming a key differentiator that is impacting purchasing choices.

The study shows that 81% of APAC consumers show a preference for companies that visibly integrate sustainability into their operations, as opposed to competitors providing similar products without clear sustainable practices. While product authenticity and competitive pricing remain crucial for e-commerce consumers, nearly 40% are willing to pay higher prices for products with sustainable packaging. As environmental consciousness increases, businesses are responding accordingly, recognizing that sustainable practices are vital for maintaining competitiveness in the digital marketplace. This consumer-driven environmental focus could directly influence business profitability.

Salil Chari, the regional president for Asia Pacific at FedEx, commented, “Sustainability is transitioning from being merely a compliance requirement to being a critical element for growth, resilience, and differentiation in global commerce. At FedEx, we are dedicated to supporting this transition by aiming to achieve carbon-neutral operations globally by 2040.”

Innovative Steps Towards Sustainable Logistics

FedEx is responding to the growing demand for sustainable logistics by investing in advanced technologies and infrastructure that not only reduce environmental impact but also enhance operational efficiency.

An illustration of this innovative approach is FedEx’s AI-powered Stops Sequencing tool, which intelligently organizes delivery routes in real-time based on package volume and customer requirements. By minimizing unnecessary mileage, this tool has the potential to lower carbon emissions and improve operational efficiency.

Moreover, FedEx offers customers the transparency needed to make informed decisions about sustainability. FedEx® Sustainability Insights, a cloud-based platform, provides improved transparency into environmental impact. Using up-to-the-minute FedEx network data, the platform estimates CO2e emissions for individual tracking numbers and entire FedEx shipping accounts.

In addition to these efforts, FedEx has started using sustainable aviation fuel (SAF) at Chicago O’Hare and Miami International Airports. This is another step towards reducing aviation-related emissions within its global air network. In urban delivery, FedEx is going electric. Electric vehicles have been deployed across several APAC markets and account for over 20% of the company’s delivery fleet in China. In Taiwan, electric tricycles have been introduced to navigate dense urban environments more efficiently, resulting in lower emissions and improved delivery efficiency.

As international trade evolves, FedEx maintains its commitment to providing faster, smarter, and more sustainable shipping solutions. These solutions will not only enable customers to succeed but also contribute to a more sustainable future.

Questions & Answers

What percentage of APAC SMEs consider environmental issues in their trade activities with Europe?
Around 80% of APAC SMEs take environmental issues into account when trading with Europe.

What proportion of APAC consumers are willing to pay premium prices for sustainable packaging?
Nearly 40% of APAC consumers are ready to pay higher prices for sustainable packaging.

What is FedEx’s goal for carbon-neutral operations?
FedEx aims to achieve carbon-neutral operations globally by 2040.

January 27, 2026
Record-Breaking Silver Prices in Vietnam Surge Amid Global Safe-Haven Demand

On Monday morning, silver prices in Vietnam hit an all-time high as global demand for safe-haven assets surged. The price of Phu Quy silver jumped 6% to VND4.24 million (US$162) per tael, equivalent to VND112.8 million per kilogram.

Silver Prices Surge in Vietnam

Since the start of the year, the cost of this white metal in Vietnam has seen an increase of 35%. This rise parallels a global trend, where the price of spot silver increased by 4.57% to $107.65 per ounce. This sharp increase comes after it hit an unprecedented high of $108.60 per ounce. The escalation can be attributed to investors seeking refuge in safe-haven assets due to escalating geopolitical uncertainties.

Silver Crosses the $100 Mark

On Friday, silver prices exceeded the $100 mark for the first time ever. This rise builds on last year’s significant increase of 147%. The astounding growth is a result of an influx of retail investors and momentum-driven purchases, exacerbating a longstanding period of scarcity in the physical markets for silver.

Questions & Answers

What is a safe-haven asset?
A safe-haven asset is a type of investment that is expected to hold or increase its value during market turbulence. These assets are typically sought after by investors to limit their exposure to losses during market downturns.

What caused the surge in silver prices in Vietnam?
The surge in silver prices in Vietnam can be attributed to an increase in global demand for safe-haven assets, as well as geopolitical uncertainties.

What factors contributed to silver prices crossing the $100 mark?
The surge beyond the $100 mark was driven by an influx of retail investors and momentum-driven purchases, which intensified an already present scarcity in the physical markets for silver.

January 27, 2026
Breguet Breaks New Ground with First Luxury Watch Boutique in Thailand

Swiss high-end watch manufacturer, Montres Breguet, has made its debut in Thailand with the launch of a boutique at IconSiam in Bangkok.

Store Design

The newly minted boutique showcases a unique design aesthetic, incorporating luxurious elements such as American walnut wood and marble finishes. The core architectural concept revolves around smooth, flowing lines. This is evident in the guilloché-inspired patterns on the carpets and the furniture edges, which reflect the shape of the watch cases. Additionally, the boutique is adorned with the brand’s distinctive ‘Breguet Blue’ hue.

Customer Experience

Montres Breguet has placed a particular emphasis on customer service within the boutique. The space includes private service areas, as well as a dedicated consultation zone. These areas are designed to create a unique, personalized customer journey through the store.

Breguet’s Collections

The Bangkok boutique features a selection of timepieces from Breguet’s renowned collections. Displayed prominently is the Breguet Experimentale No 1, marking the first offering in the brand’s new Experimentale collection. This watch, a product of Breguet’s research and development team, is characterized by a high-frequency tourbillon that operates at 10 hertz, ensuring impeccable timekeeping precision.

In addition to this new collection, the boutique also offers timepieces from Breguet’s staple ranges. These include the Classique, Marine, Tradition, and Type XX collections. Notably, the Type XX watch is a mechanical chronograph originally designed by Abraham-Louis Breguet himself for the French Air Force.

Questions & Answers

What design elements characterize the Montres Breguet boutique in Bangkok?
American walnut wood, marble finishes, guilloché-inspired carpet patterns, and the brand’s signature Breguet Blue color are all design elements that characterize the new boutique.

What special features does the Breguet Experimentale No 1 watch have?
The Breguet Experimentale No 1 watch features a high-frequency tourbillon operating at 10 hertz, ensuring outstanding timekeeping precision.

Which collections from Montres Breguet are available at the new boutique?
The newly opened boutique in Bangkok features timepieces from the brand’s core collections, including the Classique, Marine, Tradition, and Type XX collections.

January 27, 2026
Anta Sports Clinches $1.8 Billion Puma Stake, Emerges as Largest Shareholder in German Sports Giant

Anta Sports Products, a leading sports company based in China, announced on Tuesday that it plans to acquire a 29.06 percent share in Puma from the Pinault family. The deal, worth 1.5 billion euros (approximately US$1.8 billion), will make Anta the largest shareholder in the German sports apparel manufacturer.

In the agreement, which was outlined in a stock exchange filing, Anta will pay 35 euros per share in cash for 43 million Puma shares. This represents a considerable 62 percent premium on Puma’s closing share price of 21.63 euros on Monday. Following this announcement, Anta’s shares saw an early trading increase of 3.4 percent on Tuesday.

The Strategic Sale

This strategic move comes at a time when Puma is striving to regain its market position after losing ground to rivals Nike and Adidas. The brand is also currently dealing with increasing competition from rapidly expanding brands such as New Balance and Hoka.

Anta expressed its confidence in Puma’s potential to enhance its global competitiveness and brand awareness with Anta as its primary investor. It was also stated that, upon finalizing the deal, Anta would pursue seats on Puma’s board.

“Puma’s global business footprint and focused positioning in sports categories are highly complementary to our existing multi-brand and specialized business,” Anta expressed in a public statement.

Expanding Market Reach

The acquisition is likely to boost Puma’s sales in the highly profitable mainland Chinese market, while also promoting Anta’s multi-brand strategy. Anta has a successful history of acquiring and revitalizing Western sports and lifestyle brands. In 2019, for instance, Anta led a consortium to purchase Amer Sports, a company that owns brands such as racquet manufacturer Wilson and mountain sports specialist Salomon.

The transaction follows a challenging period for Puma, as the company strives to boost sales and investor confidence under new CEO, Arthur Hoeld. In an effort to ignite a company turnaround, Puma announced in October that it would increase discounts, enhance marketing, and reduce its product range. This strategic shift also includes the reduction of 900 jobs.

Previously, Artemis, headed by Francois-Henri Pinault, the chairman of luxury group Kering, characterized its Puma stake as non-strategic. The Pinault family received the holding from Kering in 2018 when the group refocused its operations exclusively on luxury goods.

Puma has been grappling with weakened demand and lackluster sneaker launches, such as the Speedcat. Hoeld, who took the helm last year, has proposed a turnaround strategy focused on “brand heat,” performance products, and cost discipline.

The deal is still conditional on antitrust clearances, shareholder approval at Anta, and regulatory approvals in China and other jurisdictions. Anta plans to organize an extraordinary general meeting, with the deal’s closure expected following the fulfillment of these conditions.

Questions & Answers

What percentage share in Puma does Anta Sports Products plan to acquire?
Anta Sports Products is planning to acquire a 29.06 percent share in Puma.

How does Anta Sports Products plan to pay for the Puma shares?
Anta will pay 35 euros per share in cash for 43 million Puma shares.

What is the expected impact of this acquisition on Puma’s sales?
The acquisition is expected to increase Puma’s sales in the profitable mainland Chinese market.

January 27, 2026
Emirates SkyCargo Expands into Belgium, Adds Liege to Global Freighter Network Amid Rising Cargo Demand

Emirates SkyCargo, renowned for being the freight division of the largest international airline worldwide, has recently announced that Liege, Belgium (LGG) is the newest addition to its freighter network. A considerable enlargement of their network is planned throughout the next year, with Liege being the inaugural freighter destination for 2026.

Strategic Location

Liege Airport is strategically located within the Amsterdam-Paris-Frankfurt production ‘golden triangle’. Its prime location, combined with unmatched road connectivity, makes it one of the rapidly expanding cargo hubs globally. In 2025, the airport saw a 14% increase in cargo volumes. Over the past years, Emirates SkyCargo has utilized Liege Airport for sporadic freighters, transporting specialized items such as freshly cut flowers, e-commerce packages, and specific charters for horses headed for global competitions. With the continuing demand, the airline will now deploy five weekly freighters, enhancing cargo capacity by 500 tonnes each week to facilitate quick, reliable, and efficient movement of goods.

Expanded Connections

Among the five weekly freighters, three will provide connections between Liege, Chicago’s O’Hare International Airport, and Al Maktoum International Airport in Dubai. These connections will ensure the safe transportation of crucial, temperature-sensitive pharmaceutical products through a seamless and efficient cool chain. The remaining two freighters will commence in Hong Kong and transport e-commerce shipments to and via Liege.

Khawla Abdulla, Vice President of Cargo Commercial for Europe, Emirates SkyCargo, highlights that establishing Liege as a permanent fixture in their freighter network is a strategic decision that enhances their European footprint and offers more connectivity for their global customers. She estimates considerable growth with the deployment of the five weekly freighters, considering the successful transportation of over 15,000 tonnes of cargo from Belgium in 2025. The high-quality infrastructure, freighter-first operations, and well-connected logistics at Liege Airport further support their aim to provide high-level service to Belgium and its neighboring countries.

Torsten Wefers, Vice President Sales and Marketing, Liege Airport, expressed his honor at Emirates Sky Cargo’s decision to include Liege Airport in their global freighter network. He views this development as a testament to Liege Airport’s rising importance in the European air cargo industry and further strengthens its position as the largest European freighter hub.

Continued Expansion

Europe remains a vital and bustling region for Emirates SkyCargo, with 38 freighters and 538 passenger flights serving it weekly. The airline is planning further expansion, recently announcing the commencement of passenger operations to Helsinki, Finland, in October 2026. With a tentative delivery of up to 10 new Boeing 777Fs by December 2026, along with the continued delivery of passenger aircraft, Emirates SkyCargo is poised for growth and service to more destinations with its top-tier product and service.

Questions & Answers

What percentage increase in cargo volumes did Liege Airport see in 2025?
The airport saw a 14% increase in cargo volumes in 2025.

How many weekly freighters will Emirates SkyCargo deploy to Liege?
Emirates SkyCargo plans to deploy five weekly freighters to Liege.

What is the significance of adding Liege to Emirates SkyCargo’s freighter network?
This strategic addition enhances the company’s European footprint, providing more connectivity for their global customers, and facilitating the efficient and reliable transportation of various goods.

January 27, 2026
Vietnam’s Largest Coffee Chain, Highlands Coffee, Brews Up to $400M Potential IPO

Highlands Coffee, Vietnam’s most prominent coffee chain, is exploring the option of an initial public offering (IPO) in its native country, with the potential to raise between US$300-400 million. The company is currently working alongside a financial advisor, and there are discussions of potentially increasing the number of banks involved in the process.

Despite the ongoing discussions, details surrounding the IPO’s size remain flexible and may be subject to change. Considerations are being made carefully, with all the necessary precautions taken to ensure a successful outcome.

Highlands Coffee’s major stakeholder is Jollibee Foods, a leading fast-food group based in the Philippines. Jollibee Foods holds a 60% stake in SuperFoods Group, the parent company of Highlands Coffee. They began their investment in the coffee chain back in 2012.

The origins of Highlands Coffee date back to 1999, when Vietnamese-American entrepreneur David Thai established the business. From its humble beginnings, the chain has expanded significantly and now boasts a total of 928 outlets. These outlets are spread not only across Vietnam but also in various international locations.

Questions & Answers

Who is the biggest stakeholder in Highlands Coffee?
The biggest stakeholder in Highlands Coffee is Jollibee Foods, a fast-food group based in the Philippines. They own a 60% stake in SuperFoods Group, the parent company of Highlands Coffee.

Who founded Highlands Coffee, and when was it established?
Highlands Coffee was founded by Vietnamese-American entrepreneur David Thai in 1999.

How many outlets does Highlands Coffee have, and are they only located in Vietnam?
Highlands Coffee has a total of 928 outlets. While many of these are located in Vietnam, the chain also has a presence in various international locations.

January 27, 2026
Record-Breaking 2025: Changi Airport Soars with Highest Passenger Traffic and Unprecedented Cargo Performance

In the year 2025, Singapore’s Changi Airport experienced record-breaking passenger traffic, with 69.98 million passenger movements noted, indicating a rise of 3.4% in comparison to the previous year. Aircraft activities, such as landings and take-offs, also witnessed a growth of 2.2%, reaching 374,000 movements in total. Furthermore, airfreight throughput amounted to an impressive 2.08 million tonnes, surpassing the prior year’s records by 4.5% and solidifying its position as one of Changi Airport’s most successful cargo performances.

Busiest Periods of 2025

The most crowded month of the year was December 2025, which saw 6.3 million passenger movements. A significant day during this period was the 20th of December, the Saturday preceding Christmas, when more than 223,000 passengers traversed the Changi terminals.

The growth in traffic for 2025 was diversified, underpinned by steady travel demand and the air hub’s improved connectivity. Notably, the top five passenger markets for Changi Airport were China, Indonesia, Malaysia, Australia and India. China, in particular, remained the largest traffic market with the most significant growth of 12.2% compared to 2024. Vietnam and Japan also experienced substantial growth of 9.8% and 7.0% respectively. The most frequented routes for the year included Kuala Lumpur, Bangkok, Jakarta, Denpasar (Bali), and Hong Kong.

Cargo Performance and Expansion

In terms of cargo, growth was observed in all areas – exports, imports and transshipments. This can be attributed to the first three quarters’ front-loading activities and the robust global demand for semiconductors, driven by advancements in AI, electric vehicles and clean technology. The top five air cargo markets for Changi were China, the United States, Australia, Hong Kong and India, with China, the United States and Taiwan posting the highest growth.

Enhancing Global Connectivity

Changi Airport achieved a milestone in network growth in 2025 by adding 13 city links to its global network. These new destinations included locations in China, Indonesia, Austria, India, Malaysia, Mongolia and Vietnam. This expansion included two new passenger airlines, MIAT Mongolian Airlines and Pelita Air.

A significant addition was the introduction of a direct connection to Ulaanbaatar, Mongolia, strengthening Changi’s position as a regional gateway. The introduction of new routes in China and Southeast Asia underscores Changi Airport’s commitment to diversifying its Asian network and enhancing its competitive edge as a hub.

A Word from the CEO

Mr Yam Kum Weng, Chief Executive Officer of Changi Airport Group (CAG), expressed satisfaction with the year’s performance, attributing the success to strong collaboration with airline partners. As travel demand in Asia continues to grow, Changi is actively seeking to expand its regional network, including to emerging secondary cities with promising economic and tourism potential. He also stated that CAG would continue to innovate to deliver more efficient and seamless operations to ensure Changi remains a leading aviation hub.

As of January 2026, approximately 100 airlines operate more than 7,300 weekly scheduled flights at Changi Airport, connecting Singapore to over 170 cities in 50 countries and territories worldwide.

Questions & Answers

What was the total passenger traffic at Changi Airport in 2025?
The total passenger traffic at Changi Airport in 2025 was 69.98 million.

Which were the top five passenger markets for Changi Airport in 2025?
The top five passenger markets for Changi Airport in 2025 were China, Indonesia, Malaysia, Australia, and India.

Which new routes were added to Changi Airport’s network in 2025?
New routes added to Changi Airport’s network in 2025 included destinations in China, Indonesia, Austria, India, Malaysia, Mongolia, and Vietnam.

January 27, 2026