Author: Mei Ling Tan

  • AirAsia Indonesia Under Pressure From Its Airspace Rivals

    AirAsia Indonesia Under Pressure From Its Airspace Rivals

    Low-cost airline AirAsia appears to be facing increasing pressure from its Indonesian rivals Garuda Indonesia and Lion Air. Skift reporting recently claimed that Indonesia’s largest airline, Lion Air, and Garuda Indonesia had allegedly prevented Indonesia’s largest online travel agencies from listing AirAsia’s cheap Indonesian flights. The two sites were Traveloka and Tiket.com. AirAsia responded by removing its flight listings from Traveloka’s website.

    AirAsia Indonesia President Dendy Kurniawan said:

    We observed through social media messages how customers who enquired about the unavailability of AirAsia flights were recommended by Traveloka to book with other airlines instead.

    Subsequently, AirAsia  met with both Traveloka and Tiket.com but didn’t return comment on the meetings. Skift says an internal source claimed that AirAsia discovered that both travel agencies are under pressure from Lion Air and Garuda to drop AirAsia’s Indonesian routes. And, that the agencies risk losing the flights from the two rivals. A Garuda spokesperson denied the claims.

    High Operating Costs Could be Fuelling the Fight

    Speculation points to AirAsia’s rivals hoping to increase fares to combat high fuel costs. But, AirAsia’s lower prices could prevent them from doing so successfully. Industry experts say the airlines rely on online travel agencies, rather than direct bookings, for custom.

    Domestic flight prices in Indonesia have risen by between 40% and 120%, according to Skift and data from the Indonesia National Air Carrier Association. Skift also says that AirAsia flights don’t seem to be appearing on other websites, and Tiket.com. AirAsia remains committed to its low-price promise and encourages customers to book directly.

    Data from Wonderful Indonesia shows AirAsia carried the most passengers in Indonesia in 2017, at 3.8 million. And, AirAsia carried the most foreign tourists into Indonesia in 2017, at 2.9 million.

    A Political Issue?

    The rising cost of airfare is a campaign issue in Indonesia’s upcoming April general election. One Mile at a Time reported in February that state-owned Garuda was cutting domestic flight prices by 20% at the request of Indonesian Democratic president Joko Widodo. Garuda Indonesia’s CEO said at the time:

    This is in line with the aspirations of Indonesians, a number of national industry associations, and the (wishes of) the president of Indonesia, who wants a reduction in flight prices to support economic growth, especially in the tourism sector.

    In addition, Garuda Indonesia has reported losses over recent years. Political pressure is added to state-owned Garuda to turn a profit and remain competitive.

    AirAsia issued a statement in March reaffirming its low prices, adding that prices include 15kg free baggage and the passenger service charge for domestic Indonesian travelers. AirAsia Group’s head of communications, Audrey Progastama Petriny, says:

    While our withdrawal from Traveloka has not significantly impacted our sales, it does affect the traveling public as there are now fewer options to choose from on the online travel agency.

    Also, Traveloka called the withdrawal of AirAsia flights a “setback” for its value proposition to provide the widest range of offerings.

    To date, the figures point to AirAsia’s low-price strategy allowing it to dominate the market in Indonesia. And so far, the pressure from its Indonesian airspace rivals doesn’t appear to be impacting sales. Savvy consumers could be increasingly booking directly. AirAsia says its website is seeing a 50-60 percent increase in traffic.

    That said, just days ago Indonesia raised its price floor on over 1,000 domestic flights from 30% to 35%.  This in a direct move to protect Indonesia’s national airlines from rising fuel and operating costs.

  • LINE FRIENDS releases the first official episode ofthe BT21 UNIVERSE series

    LINE FRIENDS releases the first official episode ofthe BT21 UNIVERSE series

    LINE FRIENDS, one of the world’s fastest growing global character brands, released the first official episode of ‘BT21 UNIVERSE’ through its official social media channels on April 4. The video immediately went viral among millennials from all around the world, recording over 1 million views less than a day and ranking #3 most watched video at YouTube.

    The ‘BT21 UNIVERSE’ consists of 9 episodes and features BTS members gathered around, using their imaginations to discuss the new characters and stories of BT21 – a new character IP created in close collaboration between LINE FRIENDS and BTS. The teaser videos released on March 27 and 29 prior to the first episode already drew massive attention, reaching almost 2 million views in total in which fans expressed high levels of affection and expectation towards the globally loved BT21. Not only that, on April 1, a few rough sketches which drop a hint about the ‘BT21 UNIVERSE’ were revealed at the official Twitter BT21 account in celebration of the April Fools’ Day and the content were rapidly shared and spread, reaching over 6,000 comments within an hour.

    In the recently released first episode, BTS members disclosed the first topic, ‘friends and family of BT21’ and BTS members expressed enthusiasm when RM suggested taking the time to create the future of BT21. Then, they unfolded new stories of RJ, KOYA and SHOOKY – the characters which BTS took part in the entire process of creation. Jin disclosed RJ’s family background and the name of parents in a witty way, RM shared a story of how KOYA became a friend with a ‘leaf’ and Suga told the past story of SHOKY’s family and friends before SHOOKY met TATA.

    The millennials from all over the world have expressed great interest in the first episode of the BT21 UNIVERSE that unveiled exciting stories about the past of BT21 characters, featuring the fun and creative processes of BTS members. They commented, “The BT21 UNIVERSE is amazing. I can’t stop watching amusing stories of BT21 presented by BTS”, “The BT21 UNIVERSE sparks curiosity just like Marvel Cinematic Universe. I look forward to seeing how the BT21 UNIVERSE will unfold the stories behind BT21 characters.” Not only that, the BT21 UNIVERSE has prompted a lot of interpretations and guesses of the yet-to-be released characters and stories online.

    In the ‘BT21 UNIVERSE’ series, LINE FRIENDS will share the behind-the-scene clips of BTS members discussing the past, future, family, rivals and friends of the BT21 characters through the official social media channels every week until May. Following the <Family and Friends of BT21 1> that was released on April 4, Jungkook, V, J-Hope and Jimin will introduce the past stories of COOKY, TATA, MANG and CHIMMY in the next week’s episode.

    “LINE FRIENDS launched BT21 in 2017 through a year-long collaboration with global artist BTS and it garnered unprecedented wave of popularity from the millennials all around the world in such a short period of time. The release of the ‘BT21 UNIVERSE’ is particularly meaningful, because it is beyond a one-time new character development process and it unfolds the universe as the characters grow and develop, breaking from the conventional characters”, said LINE FRIENDS.

    LINE FRIENDS is planning to hold a special promotion via social media channels for customers in April, in which they can participate in creating characters. This is one of LINE FRIENDS’s continuous efforts to interact and engage with BT21 customers through wide range of activities.

    BT21 is a new IP created as the first project of ‘FRIENDS CREATORS’, which is a creative strategy to develop a new kind of character IP based on the uniqueness of global artists and creative capabilities of LINE FRIENDS. In 2017, LINE FRIENDS released a total of eight BT21 characters after a year-long collaboration with BTS and it has grown into a globally loved character, garnering remarkable achievements of more than 28 million sticker downloads and more than 3.3 billion Twitter exposures.

  • AirAsia X Wants To Launch A330neo Flights To Europe

    AirAsia X Wants To Launch A330neo Flights To Europe

    AirAsia X is looking to launch flights to Europe using the Airbus A330neo. Flights could commence as soon as 2019, with the airline keen to reenter the market as quickly as possible.

    AirAsia X previously operated flights to Europe, but suspended these flights back in 2012. Now, it seems that the airline is ready to restart these flights. AirAsia X have 100 A330neo aircraft on order, with deliveries due to start later this year. As well as eyeing European service for these new planes, they may also look to start flying to the US too.

    Europe Again

    When AirAsia X abandoned their European flights in 2012, they said this was to “focus on markets where it can build a leadership position”. It seems that now they are happy with their place in the world, and are ready to start service to Europe once again.

    When it flew to Europe, AirAsia X flew to Paris’ Orly Airport (ORY), London’s Stansted Airport (STN), and London Gatwick Airport (LGW). Given the airline’s low-cost operation, it is likely that AirAsia would look at flying to Stansted Airport again. In September last year, the airport announced that it plans to launch direct services to at least 25 new long-haul destinations in the next five years. This includes services to Los Angeles, Shanghai, Vancouver, and Manila. As such, Flights to Malaysia with AirAsia X could be an attractive route for them.

    The A330neo

    The A330neo, the newest iteration of the family, would be used by AirAsia X for flights to Europe. The neo in its name stands for New Engine Option, as the aircraft are equipped with newer, more fuel-efficient engines.

    There are two models of the A330neo; the A330-800 and the A330-900. While the A330-900 has sold relatively well, the -800 has not sold well at all. In fact, as of January, only eight had been ordered in total, all by the same carrier, Kuwait Airlines.

    AirAsia has ordered a total of 100 A330-900 aircraft, with the most recent order being for 34 at the Farnborough Airshow in 2018. The airline will be the first airline in Asia to operate the A330neo, and deliveries of the aircraft are due to begin in late 2019. The total list price of the order was just short of $30billion.

  • What Makes Dropshipping the Future of E-commerce

    What Makes Dropshipping the Future of E-commerce

    There are plenty of articles floating around on the internet with numbers that reveal how much dropshipping is making. And those who believe that e-commerce is a thing in just North America and Europe are wrong. It is a global phenomenon and will continue to be one of the cornerstones for the future. But what makes drop shipping so popular for both individuals who are looking to make some extra money on the side and massive companies that dominate their area of expertise? The answer is not that simple as there are quite a few reasons why that is. The most attractive aspect of this business model is that the best dropshipping products can be found anywhere: Google, YouTube, AliExpress, etc. You don’t have to look far to find a winner!”

    Product Sourcing

    If you consider how regular e-stores operate, it can become quite problematic for those who get their products from other manufacturers and sell them after. The whole thing becomes even more of a headache if it is in another country. Items are delivered in bulk, so calculating how much you are going to sell beforehand is crucial. And who is capable of doing calculations that are perfect? The more you delve into it, the clearer it becomes how much money, time, and other resources it takes.

    Meanwhile, dropshipping eliminates all these problems and allows you to focus on marketing and profits. Even if you do have to deal with issues that arise with the products, it is no more than a couple of emails every day or so.

    Storage

    While this point has been mentioned above, it would still be worth emphasizing how much of a difficulty it can be to store your products. Take used car parts for instance. There will be another issue besides the lack of space. It is not that great for the environment, so if certain agencies get the hang of what you have, you might end up in trouble. And there are a number of products that would cause this.

    Order Fulfillment

    Packing, going to the post office, etc. is not that big of a problem if you have just a few items to ship every other day. However, as soon as things start to pick up, you will more than likely not have enough time for all of that. And if you are stuck all day dealing with order fulfillment, there will not be enough time to focus on the website and marketing. Once the scaling begins, it will be physically impossible to deal with everything yourself, and hiring others will mean paying them. Again, this is another problem that does not exist in dropshipping. Logistics are not the same.

    Photos and Cataloging

    To shine in the world that is dominated by big companies, a new e-shop owner will have to put as much effort as possible. Products will need to appear as attractive as they can, which means that there will be a need for an expensive camera, and even a professional photographer. It would not be a stretch to say that you will need to get an entire studio for things to work out in your favor. Meanwhile, drop shippers have it easy thanks to the amazing product importing feature app. This app allows for photos to be instantly imported.

    Potential to Scale

    The potential to become a powerhouse in e-commerce by drop shipping is massive. There are plenty of companies that started out as nothing but an individual or a group of people who had the same goal. Since the method requires very little money to invest, a lot of money can be used for expansion. The more time you spend learning about how it works, the easier it will become to make your dream a reality.

    Testing Different Products Without Spending

    It is more than likely that you will not have a lot of success with your first venture. But that is not a bad thing as it will be a good experience for the future. Dropshipping allows you to sell and test without spending money yourself. Finding the perfect product to focus on will take time, but if there is one method that allows you to do so without worrying about financial loss, it is this one.

    All in all, it should become clear why dropshipping is such a great thing and will continue to be one of the cornerstones of e-commerce in the future. What is dropshipping is the question that first-timers might pose, but it is thoroughly explained in the second chapter of the ebook by Oberlo titled “Dropshipping 101: Ecommerce Without Inventory”. So if you are interested in starting something of your own, give this ebook and other sources of information a read.

     

  • Shakey’s to buy Peri-Peri Charcoal Chicken chain

    Shakey’s to buy Peri-Peri Charcoal Chicken chain

    Philippines restaurant chain operator Shakey’s Pizza Asia is buying the Peri-Peri Charcoal Chicken brand.

    The firm filed details of the deal with Peri-Peri’s operator I-Foods at the Philippine Stock Exchange this week, although the transaction cost has not been released. A representative for the business said the price was not substantial relative to the firm’s market capitalisation, and that the acquisition will be financed by a combination of internally generated cash and debt, most likely to be completed by mid-year.

    The deal is expected to affect Shakey’s bottom line this year, but boost profits in the long run.

    Peri-Peri Charcoal Chicken operates 23 outlets in metropolitan Manila, 40 per cent of which are run under franchise agreements.

    “The brand now has a strong following and recently gained even more traction,” said Shakey’s president and CEO Vicente Gregorio, “evident in its strong same-store sales growth last year amidst the more challenging macroeconomic environment, and the amount of interest in new stores from potential lessors and franchisees.”

    “We are excited by the potential of Peri to scale,” added  Shakey’s chairman Christopher Po. “We expect it to be an important future growth driver for our fast casual chain restaurant business.”

    The firm also has plans to expand its core offering – US brand Shakey’s Pizza, for which the firm has perpetual rights in several broad territories, including most of Asia. It plans to open 20 new branches this year, which will see it operating 248 locations by next year.

  • Harley-Davidson India Launches Internship Programme

    Harley-Davidson India Launches Internship Programme

    In a celebration of Harley-Davidson’s tenth year in India, the American motorcycle brand has announced a summer internship, offering motorcycle fans an experience of a lifetime. The internship was launched in the US last year, and now Harley fans can become a part of the brand, and experience the Harley-Davidson lifestyle up close and personal.

    This one-of-a-kind opportunity will allow interns to be part of Harley-Davidson’s marketing and social media team, and will get to take to the road, and document their journey throughout summer. The internship has been launched on March 31, 2019, and Harley-Davidson India is inviting applications from fans of the brand to be a part of the Harley-Davidson story in India.

    “We are thrilled to launch the INTERN program in India for the first time. The Internship will be a great way to engage and build future Harley-Davidson riders, lending them a first-hand experience of the Harley-Davidson way of life. We are looking forward to the next few months where at the end of the selection process, three candidates will earn their place here to spend a whole month with us,” said Sajeev Rajasekharan, Managing Director, Harley-Davidson India.

    According to Harley-Davidson, to qualify for this internship, candidates must be socially savvy storytellers, and interested candidates must describe what freedom means to them by creating a video, writing an essay, developing a photo collage or creating whatever piece of content they want to make their application unique and submitting it to the Harley-Davidson India’s Instagram handle.

  • Jeep Compass Sport Plus Launched In India

    Jeep Compass Sport Plus Launched In India

    The Tata Harrier has surely escalated the competition in the compact SUV segment and it has proved to be a strong product, especially at the price Tata Motors has launched it. The Jeep Compass is the obvious-first rival to the Harrier and the company has added a new Sport Plus variant to the range in a bid to compete against the Harrier. The Jeep Compass Sport Plus has been launched in India at ₹ 15.99 lakh for the petrol variant and ₹ 16.99 lakh for the diesel variant.

    The Sport Plus variant of the Compass has been positioned above the base Sport variant and is more feature-rich. The added exterior kit includes 16-inch alloy wheels finished in silver, black roof rails and rear parking sensors. The rear windscreen, pillars and window fringes are also finished in black. The cabin of the Jeep Compass Sport Plus trim will be equipped with a 5.0-inch touchscreen infotainment system and dual-zone climate control which the base trim doesn’t get. We would have liked Jeep to also include the power folding wing mirrors which makes maneuvering through tight spots easy. However, safety kits such as dual front airbags, ABS, ESC and traction control are standard throughout the range.

    Mechanically the Compass Sport Plus remains identical to the base variant. The diesel is powered by the same 2.0-litre, four-cylinder Multijet turbo motor which makes 172 bhp and 350 Nm of peak torque and is mated to a six-speed gearbox as standard. The petrol is the 1.4-litre, four-cylinder MultiAir Turbo motor which develops 161 bhp and 250 Nm of peak torque and is also offered with an automatic gearbox, while the six-speed manual is standard.

    Other than the Harrier, the Jeep Compass Sport Plus will compete with the W4 variant of the Mahindra XUV500 and SX variant of the Hyundai Creta.

  • Revolt Motors To Launch India’s First A.I Enabled Motorcycle this Year

    Revolt Motors To Launch India’s First A.I Enabled Motorcycle this Year

    Electric mobility is the future and with India being one of the largest two-wheeler markets in the world, it holds immense potential for electric two-wheelers. And Revolt Motors, an up and coming EV startup, founded by Rahul Sharma, who is also the co-founder of Micromax mobile phones, looks to cash on this potential. Revolt Intellicorp is wholly owned by Rahul Sharma and the company has been setup on an investment of about ₹ 400 crore to ₹ 500 crore.

    Revolt will be launching its first product, an electric and artificial intelligence enabled motorcycle in June 2019. The company is headquartered in Gurgaon; Revolt Motors has a manufacturing facility in Manesar, which has a capacity of 1.2 lakh units of electric motorcycles in the first phase, which is actually more than twice the size of the entire electric two-wheeler market. The company also has an in-house R&D team, which has worked on the new A.I enabled motorcycle for two years.

    Rahul Sharma, Founder, Revolt Intellicorp Pvt. Ltd. said, “As a mechanical engineer by qualification, I always found mobility and the expanse of opportunities it offers, very intriguing. There is a colossal need for using technology to disrupt urban commute and make it cleaner and sustainable. I’m doing my bit and I feel this is the right time for every player operating in this space to come together for the greater good of our environment. My vision is to see every household in India have access to sustainable mobility.”

    Coming to the motorcycle itself, Revolt is confident that it will be a game-changer in the Indian two-wheeler market. It will be fully electric, enabled with A.I and will have an embedded 4G LTE SIM as well. The product will have a range of about 150 kilometres on a single charge and will have a lithium-ion battery pack which can be swapped. The top-speed has been limited to 85 kmph. While the battery and the electric motor will be imported, the battery management system and the electronic control unit were designed in house.

    The company will also offer innovative charging solutions when the EV is launched in June 2019. Delhi NCR will be the first market and Revolt Motors says that it will have online sales along with on-ground dealerships and experience centres as well. The company is of the idea that it has to grab double digit market share in the first few years of its operation and it is looking at the entire two-wheeler segment and not just electric two-wheeler space as its market.

  • Volvo XC60 And V60 Polestar Unveiled

    Volvo XC60 And V60 Polestar Unveiled

    Volvo has unveiled the performance-oriented Polestar version of the XC60 and V60. Both the cars are plug-in hybrid models and are based on the standard T8 variants, however, will be faster. They are powered by the same 2.0-litre, four-cylinder petrol motor which is tuned to churn out 415 bhp (15 bhp more) and 669 Nm of peak torque (33 Nm more) and the engine is coupled with an electric motor. The Polestar powered XC60 and V60 are quicker to triple-digit speeds and can clock 100 kmph in less than 5 seconds.

    On the outside, there isn’t much to distinguish the Polestar XC60 and V60 from their standard models. The major changes include new 10-spoke alloy wheels, gloss black grille, exaggerated wheel arches and of course, the Polestar moniker. The cabin of the new Polestar models is finished in Charcoal shade. The front seats have got enhanced bolstering for better support and seatbelts get the typical Polestar Gold finish.

    The Volvo XC60 is already on sale in India but we don’t have any final word about the V60. Also, Volvo has not revealed any details about the launch of the Polestar models yet.

  • Vive Cake Boutique Hops Into Easter With ‘Cutielicious’ Easter Bunny & Adorable Chicks

    Vive Cake Boutique Hops Into Easter With ‘Cutielicious’ Easter Bunny & Adorable Chicks

    Celebrity-loved Vive Cake Boutique is hopping into Easter with cutielicious Easter Bunnies and adorable Easter Chicks from 1-30 April at its Central flagship café-store in H Queen’s, 80 Queen’s Road Central and latest pop-up store in Harbour City, Tsim Sha Tsui.

    Founder Vivien Lau’s new Insta-worthy dessert sensations are headlined by the most enchanting Easter Bunnie cake in town – ‘Bunny Luvs You’ – a showstopper which is an Easter dessert and table decoration all in one.

    Priced HK$680 for 1lb, this darling creation for the festive holiday is available in an assortment of flavours to suit all tastes: Pistachio Cake with Pistachio Buttercream, Red Velvet Cake with Cream Cheese Fillings, Earl Grey Cake with Earl Grey Cream, Chocolate Cake with Chocolate Cream and Crunchies, Lemon Cake with Lemon Buttercream filled with Yuzu Curd, Green Tea Cake with Green Tea Buttercream, Banana Cake with Chocolate Buttercream, and Hazelnut Cake with Hazelnut Buttercream.

    Two of the sweetest little treats imaginable are also on the endearing Easter menu. Baby Chick Macacreams (HK$68, available only at Central cafe-store) is confectionary queen Vivien Lau’s charming festive adaptation of her beloved melt-in-your-mouth macarons – styled after chicks hatching from Easter eggs and flavoured with yuzu ice-cream.

    Available at both stores, ‘Easter Meringues’ (HK$55) are the sweetest of treats styled in carrot and chick shapes especially for Easter Bunnies – adapted from a new line of meringues launched with the recent opening of Vive Cake Boutique’s Harbour City pop-up.

    Vive Cake Boutique has proved a roaring success story since being launched with online orders in 2014 by founder and creative director Vivien Lau, who discovered her passion and talent by chance, making her first cake for a friend’s birthday.

    Her signature ‘handmade with love’, cupcakes, macarons, cookies, confectioneries and tailor-made cakes for weddings and special occasions, are all made from scratch with less sugar and finest ingredients sourced from all over the world.

    VIVE’s widespread acclaim includes Time Out’s listing among the “crème de la crème of Hong Kong’s bespoke dessert makers” – with a massive celebrity and socialite following including Aaron Kwok, Charlene Choi, Gillian Chung, Niki Chow, Sharon Chan, Miki Yeung, Ella Koon, Myolie Wu and more.

  • BMW Group India Shows Strong Growth Sales

    BMW Group India Shows Strong Growth Sales

    BMW Group India has registered the highest-ever Q1 sales. All three brands – BMW, MINI and BMW Motorrad – helped in achieving this strong growth in sales. In Q1 2019, BMW Group India delivered 2982 cars (BMW + MINI) registering a growth of 19 per cent as compared to Q1 2018. BMW India sold 2822 cars, clocking a notable growth of 19 per cent. MINI India led the niche small-premium car segment with sales of 160 cars and a growth of 18 per cent. BMW Motorrad India posted a remarkable growth with sales of 597 units.

    The BMW 5 Series and the BMW 6 Series Gran Turismo have contributed strongly to the growth story. BMW also saw significant contribution coming from the locally-produced X range with introduction of the all-new BMW X4 Sports Activity Coupe that created a novel segment in the luxury car market and generated new demand. The locally-produced Mini Countryman together commanded a share of over 80 per cent in Mini sales. The sub-500 cc offerings of BMW Motorrad – BMW G 310 R and BMW G 310 GS got the lions share with over 80 per cent sales. The recently launched BMW R 1250 GS and BMW R 1250 GS Adventure have also created high demand among motorcycling enthusiasts.

    Dr. Hans-Christian Baertels, President (Act.), BMW Group India, said, “BMW Group India will continue its unwavering focus on maximizing performance, bringing best-in-class products to the Indian market and exceeding expectations on each and every service that is offered. We are confident that the growth strategy for BMW, MINI and BMW Motorrad will yield even higher results in the coming months and we will continue to grow the luxury vehicle market in India.”

  • Echelon Bangkok roadshow showcases the bright new stars in Thailand’s ecosystem

    Echelon Bangkok roadshow showcases the bright new stars in Thailand’s ecosystem

    Recently, Echelon, the tech event startup organizer from Singapore held an event at WeWork Asia Centre in Bangkok. The Echelon Roadshow is part of a series of international stops leading up to the annual Echelon Asia Summit happening in May.

    The event brought together the local startup ecosystem over a night of networking, Thailand top 100 startup, plus a panel discussion with feature founders sharing their startup journeys – from how they scaled their company to how they addressed obstacles such as building a sustainable team. The panellists included Surasit Sachdev, CEO of Hungry Hub, Casey Liang, co-founder of Pomelo, and Bond Thaiyanurak, CEO&Founder of Box24. The discussion was moderated by PachareePantoomano, BrandNow.asia’s Director of Make it Happen, the agency that launched large startups such as Grab, Lalamove, and Honestbee in Thailand.

    The panel discussion tackled Founders Confessions which panellists shared their experiences as part of starting up. Bond talked about working with the right partners and having the right chemistry. He’s had to resolve a conflict with a shareholder. Surasit confessed that when he initially started the company, he did not do market research and that causes him to burn through his investment quickly. He advised anyone thinking about starting up should do the research and work on the proof of concept from the beginning. When Pacharee asked the panellists if they started their companies for love or money, Casey said that it was a bit of both. However, it’s the love for growing the business that keeps him going. The life of a start-up can be a bumpy one and he said that if you love what you do, it will help you stay true to your goal.

    Thaddeus Jit Siong Koh, the co-founder of e27, shared “The journey for these winners has only just begun. We are excited to see them compete against the other bright new stars of Southeast Asia’s ecosystem in Singapore — at our Echelon Asia Summit 2019 which is taking place on May 23rd and 24th at Singapore Expo. We also hope that these startups will be able to level up through absorbing insights from thought leaders, corporate business matching, and more”

    Pacharee added, “It is important that we continue to contribute, develop and grow the ecosystem locally, regionally and globally. These events and competitions bring about better products and services for businesses and consumers. We are delighted to be Echelon’s media and community partner in Thailand. It is an opportunity for us to support our local startup scene and do our part in fostering the digital economy”.

  • AirAsia receives highest number of air traffic rights from Mavcom

    AirAsia receives highest number of air traffic rights from Mavcom

    Airasia received the highest number of approvals from the Malaysian Aviation Commission (Mavcom) for Air Traffic Rights (ATR) with 26 allocations, followed by Malindo Air with 15 allocations.

    This was revealed in an update release from Mavcom for the Commissions’ allocation of ATR to Malaysia’s local carriers for the period of Jan 1 to march 31, 2019.

    One hundred percent of Air Traffic Rights (ATR) applications by Malaysia’s local carriers for the period of Jan 1 to March 31, 2019 were approved by MAVCOM, with 53 allocations in total. Of these, 52 ATR applications were approved in full while one application was approved partially.

    As reference, for the year 2018, a total of 205 ATR were issued. AirAsia Group was recorded as the highest recipient with 98 ATR allocated, followed by Malindo Air with 52.

    Of the 53 applications, 32.1 per cent were for domestic routes while 67.9 per cent was for international routes. Mavcom approved ATRs for 17 domestic routes, 13 for routes to Asean destinations, 11 for destinations in China, two for destinations in India, five for destinations in Australasia and five for other Asian destinations.

    Breaking down the numbers further, a total of 26 international ATR were issued for flights originating from Kuala Lumpur International Airport, three for Kota Kinabalu International

    Airport, one each for Penang International Airport and Senai International Airport and five for other airports in Malaysia.

    In addition, 20 ATR that were previously approved by Mavcom were not utilised by the ATR recipient and were returned to the Commission during the period of Jan 1 to March 31, 2019.

    The highest number of unused ATR returned to the Commission was from the AirAsia Group with 13, followed by Malindo Air with five.

    “In allocating ATR, the Commission undertakes a thorough analysis, taking into consideration multiple aspects in order to facilitate orderly growth, competition and consumer choice over the long term as well as the prevention of consumer inconvenience,” Mavcom executive chairman Dr. Nungsari Ahmad Radhi said in a statement.

  • Ikea leasing program targets students and employees

    Ikea leasing program targets students and employees

    Swedish furniture and homewares retailer Ikea plans to launch furniture rental services in all of its main markets.

    The Ikea leasing strategy is twofold: firstly it addresses the budgetary constraints of customers who move frequently and cannot afford to replace furniture to suit their new space, and secondly to deliver on its sustainability promise by reducing waste and expanding the lifespan of furniture products.

    “You should be able to have a lovely home, and a good conscience, and you should be able to afford it,” said Ingka Group CEO Jesper Brodin in an interview with Reuters.

    Details of the plan, framed as a subscription-based leasing offer, were revealed during the launch of the company’s first ‘sustainable’ store in Kaarst, Germany, this week. Students in the Netherlands can already use the program, paying €30 a month to lease a table, chairs, a bed and a desk. In Switzerland and Sweden, Ikea is developing a similar plan for office furniture.

    Brodin said many Ikea customers are moving home more often than in the past and buying new furniture to fit new spaces can be a financial burden. Using the new Ikea leasing service, they can simply swap out furniture each time the move without having to worry about how they sell or dispose of their existing items.

    The Ikea leasing concept also taps into the pervasive sharing culture in which younger generation consumers embrace renting items rather than owning – including music, fashion and motor vehicles.

    The program is also in line with Ikea’s mission to be affordable, convenient and look after the planet.

    Ikea says it will test the rental concept in all 30 of its markets by 2020. Furniture items will be repaired or refurbished between leases and when too old to be leased out, recycled.

    Pia Heidenmark, Ikea’s head of sustainability, added another advantage of the program: by taking furniture back, the company will be able to assess the durability of its products and feed that information back to its design team.

  • Daimler Opens Mercedes-Benz Plant In Moscow Area

    Daimler Opens Mercedes-Benz Plant In Moscow Area

    German automaker Daimler officially opened a Mercedes-Benz factory near Moscow on Wednesday at a ceremony attended by President Vladimir Putin, marking a rare foreign investment into Russia’s car industry. The plant in the town of Esipovo 40 kilometers north west of Moscow is the first in years to be opened by a foreign carmaker in Russia where investment into the once burgeoning auto industry dried up amid western sanctions and a stagnant economy.

    Speaking at the inaugural ceremony, Putin said the plant would produce 25,000 cars a year and that investment in the project had totaled 19 billion roubles ($291 million).

    Putin said the factory, built after Daimler signed a deal with Russia’s authorities in early 2017, would employ almost 1,000 people.

    Most global automakers opened plants in Russia in the first half of the 2000s, but after peaking in 2012 car sales slumped to a ten-year low of 1.42 million in 2016. The market is picking up again, and a total of 1.8 million cars were sold last year.