Retail News CRM

Author: Mei Ling Tan

  • Coca-Cola Partners with Return-It to Pilot Reverse Vending Machines: Taking Beverage Container Recycling to the Next Level in Australia

    Coca-Cola Partners with Return-It to Pilot Reverse Vending Machines: Taking Beverage Container Recycling to the Next Level in Australia

    Coca-Cola Europacific Partners (CCEP) Australia has initiated the introduction of reverse vending machines (RVMs) in its primary manufacturing facilities, commencing with its Moorabbin site in Victoria.

    What is a Reverse Vending Machine?

    A reverse vending machine is a sophisticated device designed to collect empty beverage containers. This includes plastic bottles, glass bottles, and aluminium cans, which are then funneled into the recycling process. Users are often rewarded for their recycling efforts, typically in the form of a deposit refund, voucher, or other incentives.

    CCEP Australia’s trial initiative is being carried out in collaboration with Return-It, the eastern zone network operator for Victoria’s Container Deposit Scheme (CDS Vic). The main goal of this venture is to make container recycling more accessible to the general public.

    Industry Partnerships Promote Recycling

    Orlando Rodriguez, the Managing Director for Australia at CCEP, expressed the company’s pride in making Coca-Cola in Moorabbin for over 65 years. He highlighted that with the installation of the reverse vending machine, consumers can now return their containers for recycling at the same location where their favourite beverages are produced.

    Marc Churchin, CEO of Return-It, emphasized that the collaboration highlights the crucial role of industry partnerships in advancing recycling efforts. He mentioned that the organization’s mission is to make recycling worthwhile by making it accessible, easy, and rewarding.

    Future Expansion Plans

    Beyond the Moorabbin facility, CCEP Australia has plans to expand the deployment of RVMs to other manufacturing locations across Australia. Rodriguez added that “the initiative reflects our long-standing support for Australia’s container deposit schemes and our commitment to investing in local recycling infrastructure. We want to ensure beverage containers are kept out of the environment.”

    Questions & Answers

    What is the function of a reverse vending machine?
    A reverse vending machine collects empty beverage containers, such as plastic bottles, glass bottles, and aluminium cans. These are then recycled, and users are incentivized for their participation in the form of deposit refunds, vouchers, or other rewards.

    What is the objective of CCEP’s initiative with Return-It?
    The primary goal is to make container recycling more accessible to the general public. This is achieved by installing reverse vending machines at locations where beverages are produced, enabling consumers to return their containers for recycling.

    What are Coca-Cola Europacific Partners’ (CCEP) future plans regarding reverse vending machines?
    CCEP plans to expand the rollout of reverse vending machines to more manufacturing locations across Australia. This reflects their ongoing support for local container deposit schemes and commitment to investing in local recycling infrastructure.

  • Diesel Blends Fashion and Coffee in Unique Retail-Cafe Combo: New Flagship Store Opens in Seoul

    Diesel Blends Fashion and Coffee in Unique Retail-Cafe Combo: New Flagship Store Opens in Seoul

    Diesel, a renowned fashion brand, has inaugurated its first multi-purpose flagship store in Hannam, Seoul. This novel endeavor by the brand integrates a retail section and a café space under one roof.

    A Unique Design

    The store is housed within a two-story structure enveloped by a striking red glass facade that expands over 20 meters. Diesel’s signature is prominently displayed on the exterior. The interior design is marked by the use of concrete surfaces, artistic furniture pieces, and a spiraling staircase, providing a modern industrial vibe.

    Retail & Customization

    One half of the store’s floor space is dedicated to the retail segment. Here, customers can explore Diesel’s latest ready-to-wear, denim, and accessories collections. The store also features a special area where customers can personalize their denim pieces in line with their preferences.

    Café Experience

    The Diesel Café, adjacent to the retail section, was created in collaboration with Anthracite Coffee, a local Korean roaster. The café shares the store’s industrial design aesthetics, and introduces a gastronomic element to the shopping experience.

    Exclusive Collection

    Complementing the store’s launch, Diesel released a unique capsule collection exclusively available at the Hannam locale. This collection comprises four unisex items: a hoodie, two T-shirts, and a cap, all adorned with logo patchwork details.

    The introduction of this flagship store marks an important step in Diesel’s expansion strategy in Asia, coming after the recent reopening of its Tokyo Shibuya store, which was also conceptualized under the creative direction of Glenn Martens.

    Questions & Answers

    What is unique about the new Diesel store in Hannam, Seoul?
    The new Diesel store in Hannam, Seoul, is unique because it features both a retail and café space under one roof, a first for the brand in South Korea.

    What are the features of the Hannam store?
    The Hannam store is characterized by a red glass facade, an interior marked by concrete surfaces and artistic furniture, a retail section for Diesel’s collections, a customization area for denim, and a café developed in partnership with a local Korean roaster.

    What exclusive offerings are available at the Hannam store?
    Diesel has released an exclusive capsule collection of four unisex items, including a hoodie, two T-shirts, and a cap, available only at the Hannam store.

  • Clarks Takes a Giant Step: Launches First Cloudsteppers Concept Store in Malaysia

    Clarks Takes a Giant Step: Launches First Cloudsteppers Concept Store in Malaysia

    British-based shoe company, Clarks, is set on opening its first-ever Cloudsteppers concept stores in Malaysia, marking a key element in its ongoing worldwide expansion strategy. This decision aligns with Clarks’ efforts to emphasize their new comfort-focused Cloudsteppers collection, which includes a comprehensive range of sneakers, sandals, and casual boots slated for launch next year.

    The company is initiating its move by launching three standalone concept stores within this month. The first of these opened its doors in Shah Alam yesterday, while the second is lined up for a grand opening in Kuala Lumpur later this week. The opening of a third store, scheduled to be located in the United States, will follow.

    Clarks is projected to establish at least ten new outlets across Southeast Asia and the U.S. within the following year. The company sees this landmark as an indication of its robust global business momentum. Over the past year, Clarks has been actively growing its footprint in retail and digital markets worldwide, with multiple store inaugurations and fruitful collaborations with various marketplace partners.

    In addition, Clarks revealed their new stores will carry a wider array of lifestyle essentials such as t-shirts, hoodies, socks, caps, and bags. This move comes as a result of the Cloudsteppers collection’s forthcoming transition into lifestyle offerings and expansion beyond footwear, thus making room for popular athleisure items.

    Clarks’ General Manager for Southeast Asia, Raymond Chew, expressed his belief that Southeast Asia is the ideal market for the Cloudsteppers lifestyle venture. He explained, “With Southeast Asia’s warmer climate and love for comfort-led footwear and apparel, it’s a perfect match.” He further added that the new store offers a unique and fresh experience to the market, describing it as modern, relaxed, and truly lifestyle-oriented. The company describes the store ambiance as “calm.”

    Questions & Answers

    What is Clarks’ new expansion initiative?
    Clarks is opening its first-ever Cloudsteppers concept stores in Malaysia as part of its global expansion strategy. The new stores will carry a comprehensive range of sneakers, sandals, and casual boots alongside lifestyle essentials like t-shirts, hoodies, socks, caps, and bags.

    Where are these new stores going to be located?
    The first three concept stores are being launched in Shah Alam, Kuala Lumpur, and the United States. Subsequently, Clarks plans to open at least ten more locations across Southeast Asia and the U.S.

    Why does Clarks see Southeast Asia as an ideal market for its expansion?
    The company believes that Southeast Asia’s warmer climate and the locale’s preference for comfort-led footwear and apparel make it a perfect match for the new Cloudsteppers concept stores.

  • Vietnam Cracks Down on Pet Policy: Harsher Fines for Free-Roaming Dogs and Cats on the Horizon

    Vietnam Cracks Down on Pet Policy: Harsher Fines for Free-Roaming Dogs and Cats on the Horizon

    Beginning December 15, a new government decree in Vietnam is set to impose stricter regulations and heftier fines against pet owners who allow their animals to roam freely in public spaces or those who graze livestock and poultry within residential complexes. Violators could face fines up to VND1 million (approximately US$38).

    New Regulations on Pets and Livestock

    The government decree, which pertains to administrative penalties in security, public order, and societal issues, significantly increases the existing fine for loose pets. Previously, the fine was between VND100,000 and VND300,000. With the new regulation in place, the fine will range from VND500,000 to VND1 million.

    The same penalties will apply to individuals who permit their pets, plants or other items to obstruct public spaces such as sidewalks, roads, parks, or communal residential areas.

    Heavier Penalties for Property Damage and Unauthorized Content

    The authorities plan to enforce tougher penalties on pet owners whose animals cause injury or damage property. Fines for such violations will fall between VND2 and VND3 million. In addition, individuals who deface public property such as walls and power poles, or attach unauthorized images or content to these structures, will face the same penalties.

    Regulations against Grazing Livestock in Residential Areas

    For the first time, clear rules have been established against the practice of grazing livestock or poultry within apartment buildings. The decree also outlines the penalties that will be imposed on pet owners whose animals cause harm to people or property.

    Questions & Answers

    What are the new regulations for pet owners in Vietnam?
    Pet owners are now required to prevent their animals from roaming freely in public spaces and grazing livestock within residential complexes. Failure to do so could result in fines of up to VND1 million.

    What are the penalties for property damage caused by pets?
    Pet owners whose animals cause injury or damage will face fines between VND2 and VND3 million.

    Are there penalties for obstructing public spaces with pets, plants, or other objects?
    Yes, individuals who allow their pets, plants, or other items to obstruct public spaces such as sidewalks, roads, parks, or shared residential areas will face fines similar to those for free-roaming pets.

  • Typhoon Kalmaegi Shakes Up Vietnam Air Travel: Over 50 Flights Canceled and Rescheduled

    Typhoon Kalmaegi Shakes Up Vietnam Air Travel: Over 50 Flights Canceled and Rescheduled

    As Typhoon Kalmaegi approaches the central coast of Vietnam, Vietnam Airlines has been forced to cancel and reschedule over 50 flights on November 6th and 7th, causing disruptions to air travel across several central provinces.

    Impact of Typhoon on Flight Schedules

    Several routes have been affected by the impending storm. Most notably, flights between Ho Chi Minh City’s Tan Son Nhat Airport and Phu Cat in Gia Lai Province have been suspended. This includes flights VN1390, VN1391, VN1394, and VN1395 on November 6th, and flights VN1392 and VN1393 on November 7th. Hanoi to Phu Cat flights VN1622 and VN1623 have been rescheduled to depart before noon on November 6th.

    Flights between Hanoi and Tuy Hoa in Dak Lak, specifically VN1650 and VN1651, have been cancelled for November 6th, while four other flights connecting Hanoi, Ho Chi Minh City and Tuy Hoa have been postponed to the afternoon of November 7th.

    On the Tan Son Nhat to Chu Lai (Da Nang) route, certain flights are scheduled to operate earlier, before noon on November 6th. These include VN1464, VN1465, VN1468, and VN1469. The Hanoi to Chu Lai flights VN1640 and VN1641 on November 7th have also been rescheduled to depart after 10 a.m.

    Additional Changes to Flight Schedules

    Further changes have been made to flights between Tan Son Nhat and Pleiku in Gia Lai. Flight VN1422 and VN1423 have been rescheduled to depart before noon on November 6th, and Hanoi to Pleiku flights VN1614 and VN1615 are now scheduled to depart after 1 p.m. on November 7th.

    Flights connecting Tan Son Nhat, Da Nang, and Buon Ma Thuot in Dak Lak on November 6th, as well as certain flights between Hanoi and Buon Ma Thuot on November 7th, will now depart after 1 p.m. Additionally, flights between Hanoi, Ho Chi Minh City, and Hue on November 6th will fly after noon, and flights from Ho Chi Minh City to Hue on November 7th will leave after 1 p.m.

    Vietnam Airlines has also indicated that over 50 other flights across its network could face consequential delays on both days due to the typhoon. Vasco Airlines has also canceled two Tan Son Nhat to Lien Khuong flights on November 6th because of the storm.

    Advice for Passengers

    In anticipation of potential turbulence due to unstable weather conditions, carriers are advising passengers to keep their seatbelts fastened throughout flights, even when the fasten seatbelt sign is off.

    According to the National Center for Hydro-Meteorological Forecasting, the eye of Typhoon Kalmaegi was approximately 390 kilometers from Quy Nhon of Gia Lai Province as of 5 a.m. on Thursday. The storm is moving west-northwest at 30 kph with maximum sustained winds of 166 kph and gusts up to 220 kph. By 4 p.m. Thursday, it is expected to be about 120 kilometers off Quy Nhon of Gia Lai, maintaining wind speeds of 150-166 kph before making landfall around 7-8 p.m. across Quang Ngai, Gia Lai, and Dak Lak.

    Questions & Answers

    What is the expected impact of Typhoon Kalmaegi on Vietnam’s central coast?
    The typhoon is expected to make landfall across Quang Ngai, Gia Lai, and Dak Lak with sustained winds of up to 166 kph.

    How has Vietnam Airlines responded to the approaching typhoon?
    Vietnam Airlines has cancelled and rescheduled over 50 flights on November 6th and 7th due to the approaching typhoon, and has warned of potential knock-on delays across its network.

    What advice has been given to passengers traveling during the typhoon?
    Carriers are advising passengers to keep their seatbelts fastened throughout flights, even when the signal is off, as a precaution against possible turbulence caused by the storm.

  • Elon Musk’s Starlink Takes Flight in Maharashtra: A Game-changing Leap for Rural Connectivity in India

    Elon Musk’s Starlink Takes Flight in Maharashtra: A Game-changing Leap for Rural Connectivity in India

    In an unprecedented move to combat the digital divide in India, the state of Maharashtra has pioneered a partnership with Elon Musk’s Starlink, a satellite-based internet service. The state government formalized this collaboration by signing a Letter of Intent (LoI) with Starlink Satellite Communications Private Limited. This is the illustrious debut of the SpaceX-affiliated venture in India.

    Expanding Internet Access

    The plan is to install Starlink’s satellite broadband across rural and remote sections of Maharashtra, thus offering high-speed, low-latency internet access to government bodies, public facilities, and neglected districts. This includes locations such as Gadchiroli, Nandurbar, Dharashiv, and Washim. This initiative is in line with the state’s Digital Maharashtra Mission, which seeks to ensure digital inclusivity across the state and enhance various sectors such as e-governance, education, healthcare, and intelligent agriculture.

    Devendra Fadnavis, the Chief Minister of Maharashtra, expressed his excitement about Starlink, stating it is a leading company in the ICT sector. He expressed his honor at welcoming the company to India and its partnership with Maharashtra.

    Improving Connectivity

    The collaboration between Maharashtra and Starlink is anticipated to dramatically improve connectivity in regions with challenging landscapes and inadequate telecommunication infrastructure. By utilizing low-Earth orbit (LEO) satellites, Starlink is capable of providing stable internet in areas where installing fiber or setting up mobile towers is not economically or logistically feasible. Officials have stated that the service will also heighten disaster response and emergency communication networks, especially in areas prone to floods or forested regions.

    As Starlink prepares to fully launch in India by the beginning of 2026, it plans to construct nine satellite gateway stations across India, including in Mumbai, Noida, Kolkata, Chandigarh, and Lucknow, to ensure uninterrupted national coverage. Starlink operates the world’s largest communications satellite network, boasting over 6,000 LEO satellites in orbit and providing broadband access in more than 70 countries.

    Competing in the Broadband Market

    Starlink is set to directly challenge Jio Satellite Communications and Eutelsat OneWeb, who are both undertaking comparable rural and enterprise broadband projects in India. Industry experts view the partnership between Maharashtra and Starlink as a significant development in India’s digital inclusion efforts, especially as the government is expediting the BharatNet project and advocating for universal high-speed internet access. If Maharashtra’s strategy proves successful, it could serve as a model for other Indian states and could potentially widen Starlink’s reach across the country’s most secluded regions.

    Questions & Answers

    What is the aim of Maharashtra’s partnership with Starlink?
    The goal of the partnership is to provide high-speed, low-latency internet access to rural and neglected areas in Maharashtra, aiding in the digital inclusion efforts of the state.

    How will Starlink improve connectivity in remote areas?
    Starlink aims to improve connectivity by using low-Earth orbit satellites to provide stable internet in areas where it is not feasible to install fiber or establish mobile towers.

    What are the broader implications of this partnership for India?
    If successful, the partnership could serve as a model for other states in India, expanding high-speed internet access and digital inclusivity efforts across the country.

  • SoftBank and OpenAI Unleash ‘Crystal Intelligence’ to Energize Japan’s Corporate AI Landscape

    SoftBank and OpenAI Unleash ‘Crystal Intelligence’ to Energize Japan’s Corporate AI Landscape

    The SoftBank Group, which includes SoftBank Corp. and SoftBank Group Corp., has partnered with OpenAI Group PBC to launch a joint venture known as SB OAI Japan GK (SB OAI Japan). The aim of this venture is to introduce “Crystal intelligence,” a groundbreaking artificial intelligence (AI) solution designed to revolutionize management and operational processes within Japanese enterprises.

    Bringing AI to Corporate Management

    The new solution combines OpenAI’s most recent products with customized implementation and system integration services. Exclusively available in Japan, “Crystal intelligence” is set for release in 2026, and is expected to significantly enhance organizational productivity and management efficiency by integrating state-of-the-art AI tools.

    The new solution combines OpenAI’s enterprise offerings with local support and implementation provided by SB OAI Japan. SoftBank Corp. will be the first company to adopt and implement this technology before it becomes available to other customers in Japan. This initial deployment will serve to validate its effectiveness in product development and business transformation via advanced AI technologies.

    AI Integration and Implementation

    The insights and expertise acquired from these efforts will be disseminated to other enterprises through SB OAI Japan. The SoftBank Group is dedicated to transitioning into an AI-native organization, encouraging all employees to integrate AI into their daily tasks.

    By utilizing OpenAI’s technology, the Group has already developed approximately 2.5 million custom GPTs (ChatGPTs tailored for specific tasks or use cases) for internal use. It is now laying the groundwork for the introduction of Crystal intelligence.

    Vision for the Future

    Sam Altman, CEO of OpenAI, says that the joint venture with SoftBank is a significant move that will speed up their vision of delivering advanced AI to some of the world’s most influential companies, starting with Japan. Masayoshi Son, Chairman & CEO of SoftBank Group Corp., believes that this venture marks the beginning of a new era of innovation that will revolutionize how people work and how businesses are managed.

    Questions & Answers

    What is the purpose of the new venture between SoftBank Group and OpenAI Group PBC?
    The joint venture, SB OAI Japan GK, aims to introduce a new AI-driven solution called “Crystal intelligence” that is designed to revolutionize corporate management and operations in Japanese enterprises.

    What is “Crystal intelligence”?
    “Crystal intelligence” is a solution that merges OpenAI’s latest products with customized implementation and system integration services. It aims to boost organizational productivity and efficiency by integrating advanced AI tools.

    When is the release of “Crystal intelligence” expected?
    The release of “Crystal intelligence” is scheduled for 2026 and it will be marketed exclusively in Japan.

  • Nokia and SoftBank Seal Innovative Deal to Propel 5G Standalone Coverage Across Japan

    Nokia and SoftBank Seal Innovative Deal to Propel 5G Standalone Coverage Across Japan

    Nokia has recently declared the broadening of its existing collaboration with SoftBank Corp., showcasing a fresh agreement to supply sophisticated 4G and 5G radio access equipment across Japan. The agreement encompasses an enhancement of current network infrastructure and an extension of 5G standalone coverage through the utilization of Nokia’s cutting-edge AirScale portfolio. The roll-out will take place predominantly in Western Japan.

    Deploying Energy-Efficient Solutions

    As part of this contractual agreement, Nokia is set to incorporate its power-efficient AirScale Radio Access Network (RAN) solutions. This includes the incorporation of the latest Habrok Massive MIMO radios and AirScale baseband equipment. Nokia’s ReefShark System-on-Chip technology powers these solutions, promising stellar performance, expansive coverage, and ample capacity, all while ensuring superior energy efficiency. Additionally, Nokia’s AI-empowered MantaRay solution will be featured to boost network management and Self-Organizing Network capabilities.

    The Head of Radio Access Networks at Nokia, Mark Atkinson, expressed his enthusiasm for the extended partnership, stating that their solutions integrate AI capabilities, delivering unparalleled performance with industry-leading energy efficiency. He further mentioned that these developments support the progression towards Advanced-5G networks.

    Joint Ventures and Future Prospects

    Nokia and SoftBank, both founding members of the AI-RAN Alliance, are jointly embarking on research and development projects focusing on AI-RAN and 6G technologies. This collaboration encompasses joint research, field trials, and the establishment of a virtualized RAN platform. The companies are conducting tests in the 7 GHz frequency band for 6G in Tokyo, employing Massive MIMO technology.

    The Executive Vice President and CTO of SoftBank Corp, Hideyuki Tsukuda, reflected on the enhanced partnership with Nokia, stating that it will facilitate the development of a unique, high-quality 5G network powered by AI. He emphasized that the upgraded network will boost efficiency, reduce emissions, and provide a superior user experience for their customers.

    Questions & Answers

    What is the main aim of Nokia’s collaboration with SoftBank Corp?
    The collaboration aims to supply advanced 4G and 5G radio access equipment across Japan, enhancing the current network infrastructure and extending 5G standalone coverage.

    What key solutions will Nokia implement as a part of this partnership?
    Nokia will integrate its power-efficient AirScale Radio Access Network solutions, which include Habrok Massive MIMO radios and AirScale baseband equipment, powered by Nokia’s ReefShark System-on-Chip technology.

    What future ventures are Nokia and SoftBank planning?
    As part of the AI-RAN Alliance, both Nokia and SoftBank are embarking on joint research and development projects focusing on AI-RAN and 6G technologies, including field trials and the creation of a virtualized RAN platform.

  • Telkom and Singtel Celebrate Key Progress in Batam’s Rising Data Center Scene

    Telkom and Singtel Celebrate Key Progress in Batam’s Rising Data Center Scene

    NeutraDC, a division of Telkom Indonesia, and Nxera, Singtel’s regional data center branch, have completed the structural framework of a new data center located in Batam, Indonesia. The construction phase of the project, known as BTM-1, began in June of the previous year, with the facility expected to be operational by the first half of the upcoming year.

    A topping-out ceremony was recently held, with attendance from representatives of the Indonesian sovereign wealth fund, Danantara Indonesia, and Medco Power Indonesia, a renewable energy producer.

    Location and Capacity

    BTM-1 is situated within the Kabil Industrial Estate, a technological park on Batam Island, which is located close to Singapore. The data center is projected to offer over 50 MW of capacity.

    Telkom Indonesia, one of the largest telecommunications companies in the country, operates NeutraDC as its data center division. Meanwhile, Singtel, a leading communication group, operates Nxera as its regional data center branch.

    Other Developments

    Within the Kabil Industrial Estate, there is another facility managed by NeutraDC. In a recent development, an agreement was reached between the company and Indonesian utility PT PLN Batam. The agreement provides for the supply of 90 MVA of medium-voltage electricity to a 60 MW data center from 2025 through 2028.

    While the majority of Indonesia’s data centers are located around Jakarta on the island of Java, Batam’s close proximity to Singapore has attracted data center operators to the area, most notably at Nongsa Digital Park. Key players, including Telkom Indonesia & Etisalat, GDS, Gaw Capital Partners, Oracle, and BW Digital have established operations in this location.

    Questions & Answers

    Who are the operators of the new data center in Batam, Indonesia?
    The data center is operated by NeutraDC, the data center division of Telkom Indonesia, and Nxera, the regional data center branch of Singtel.

    What is the expected capacity of this new data center?
    This new data center is projected to offer over 50 MW of capacity.

    When is the data center expected to be operational?
    The data center is expected to be operational by the first half of the next year.

  • Wealth Management Drives DBS to Record-Breaking Q3 Income Despite Global Tax Reform Impact

    Wealth Management Drives DBS to Record-Breaking Q3 Income Despite Global Tax Reform Impact

    DBS bank reported a record-breaking income for the third quarter of 2025, largely due to strong fee income from wealth management. However, the bank’s net profit experienced a slight dip of 2 percent year-on-year, almost S$3 billion ($2.3 billion). This was a result of the newly enforced global minimum tax reform. Notwithstanding this, the profit before tax rose by 1 percent, reaching an all-time high of S$3.5 billion.

    Revenue and Expenses

    The bank’s total income also saw a significant surge, increasing by 3 percent to S$5.9 billion, setting another record. Net interest income remained relatively stable, while fee income and treasury customer sales witnessed new peaks, primarily driven by the wealth management sector. Market trading income improved due to lower funding costs and a more favorable trading environment. Simultaneously, expenses escalated by 6 percent to hit S$2.4 billion. The increase was primarily fueled by enhanced staff costs as bonus accruals rose in sync with the improved performance.

    For the first nine months of the year, DBS’s profit amounted to S$8.7 billion, representing a marginal decline of 1 percent.

    Looking Ahead

    DBS’s CEO, Tan Su Shan, provided some insight into the bank’s future strategy. He stated that the bank would continue to adapt to the challenges of decreasing interest rates through agile balance sheet management. He also emphasized the bank’s ability to seize structural opportunities across wealth management and institutional banking, ensuring continued growth and success.

    Questions & Answers

    What factors contributed to DBS’s record-breaking income in the third quarter of 2025?
    The record-breaking income was largely due to strong fee income from wealth management. Additionally, the bank saw new highs in fee income and treasury customer sales.

    What was the impact of the newly enforced global minimum tax reform on DBS?
    The new global minimum tax reform led to a slight dip in DBS’s net profit by 2 percent year-on-year in the third quarter of 2025.

    How does DBS plan to navigate the pressures of declining interest rates?
    DBS plans to navigate the pressures of declining interest rates through agile balance sheet management. The bank also aims to seize structural opportunities across wealth management and institutional banking.

  • Qatar Airways Divests $897M Stake in Cathay Pacific, Streamlining Investment for Future Growth

    Qatar Airways Divests $897M Stake in Cathay Pacific, Streamlining Investment for Future Growth

    Qatar Airways, the Doha-based airline, is set to divest its entire stake in Cathay Pacific Airways, a move that will mark its departure from the Hong Kong airline after an eight-year association. The transaction is estimated to be worth approximately $897 million.

    Stake Sale and Repurchase

    Late on Wednesday, Cathay Pacific reported that Qatar Airways had expressed an interest in offloading its 9.7% stake in the company. In response, Cathay intends to buy back the shares at a rate of HK$10.8374 (or $1.39) per share. This represents a roughly 4% discount to the closing share price prior to the announcement.

    Qatar Airways had initially acquired the stake in November 2017 from Kingboard Chemical Holdings, a Hong Kong firm. This investment made it the third-largest shareholder in Cathay Pacific, trailing behind Swire Pacific and Air China.

    Strategic Investment and Exit

    The investment in Cathay Pacific marked Qatar Airways’ first significant venture into an Asian airline. The move was intended to expand its global footprint and to increase passenger volumes through its Doha hub.

    According to Qatar Airways’ CEO, Badr Mohammed Al-Meer, the decision to exit Cathay Pacific aligns with the company’s disciplined investment strategy. This strategy has facilitated a period of strong performance, allowing the company to reassess its investments and plan for long-term growth.

    As part of its competitive strategy, the Middle Eastern airline has made a series of investments in airlines around the world. These investments include stakes in IAG, the parent company of British Airways, South American carrier LATAM, and Virgin Australia.

    Premium Buyback and Future Plans

    To acquire the stake, Cathay Pacific is set to pay a premium of approximately 35% over the original price paid by Qatar Airways. The Hong Kong airline plans to fund the transaction through its internal resources and existing credit lines.

    Patrick Healy, Chairman of Cathay Pacific, indicated that the stake buyback signals the company’s strong confidence in its future. The airline has proposed an ambitious investment plan amounting to HK$100 billion over the next seven years. This plan encompasses fleet renewal, cabin products, and lounge facilities.

    Upon completion of the deal, Swire Pacific, the controlling shareholder, will see its stake rise to 47.69%, up from 43.12%. Similarly, Air China’s shareholding will increase to 31.78%, up from 28.74%.

    Despite Qatar Airways’ planned exit, both airlines have committed to continuing their partnership via the Oneworld Alliance.

    Questions & Answers

    Why has Qatar Airways decided to sell its stake in Cathay Pacific?
    The decision aligns with the company’s disciplined investment strategy and follows a period of strong performance, allowing the company to reassess its investment portfolio.

    How will Cathay Pacific fund the buyback of the stake?
    Cathay Pacific will fund the transaction through its internal resources and existing credit lines.

    What impact will the stake sale have on Cathay Pacific’s shareholding structure?
    If the deal is approved, controlling shareholder Swire Pacific’s stake in Cathay will rise to 47.69%, while Air China’s shareholding will increase to 31.78%.

  • Singapore Retail Sales Rise in September, Pace Moderates: Jewellery and Watches Lead Growth

    Singapore Retail Sales Rise in September, Pace Moderates: Jewellery and Watches Lead Growth

    Retail sales in Singapore continued their upward trajectory in September, albeit at a slower rate than in August.

    Retail Sales Trend

    In September, retail sales, excluding motor vehicles, rose by 2 per cent. This is a slight dip compared to the 4.7 per cent increase witnessed in August. The total value of retail sales for September was estimated at SG$3.5 billion ($2.67 billion USD), with online sales accounting for 17.6 per cent of that figure. However, on a seasonally adjusted basis, retail sales in September saw a decline of 2.3 per cent when compared to August.

    Industry Performance

    The watches and jewellery sector remained at the forefront of sales growth in September with a substantial year-on-year increase of 16.6 per cent. This growth was primarily fueled by a surge in jewellery sales. The recreational goods sector trailed behind in second place with an 11 per cent increase, followed by supermarkets and hypermarkets, which saw a 5.1 per cent rise.

    On the other hand, petrol service stations and retailers of clothing and footwear saw a drop in sales by 8 per cent and 3.6 per cent respectively. The food and beverage services also experienced a decline, with sales slipping by 1.6 per cent, a steep fall from the 0.2 per cent decrease reported in the previous month. This slump was largely attributed to the underperformance of the restaurant sector.

    The overall sales value of food and beverage services was estimated at SG$966 million, with online sales representing 26.3 per cent.

    Questions & Answers

    Q: How did the retail sector perform in Singapore in September?
    A: Retail sales, excluding motor vehicles, rose by 2 per cent in September, a slower pace compared to the 4.7 per cent increase in August.

    Q: What sectors led the growth in retail sales in September?
    A: The watches and jewellery sector led the growth with a 16.6 per cent year-on-year increase, followed by the recreational goods sector and supermarkets and hypermarkets.

    Q: Which sectors experienced a decline in sales in September?
    A: Petrol service stations and clothing and footwear retailers saw a decrease in sales, with declines of 8 per cent and 3.6 per cent respectively. The food and beverage services sector also experienced a drop in sales, declining by 1.6 per cent.

  • Savor Italy in Thailand: Dolce & Gabbana Launches First Luxury DG Caffe in Bangkok’s Siam Paragon Mall

    Savor Italy in Thailand: Dolce & Gabbana Launches First Luxury DG Caffe in Bangkok’s Siam Paragon Mall

    Luxury fashion house Dolce & Gabbana has established its first DG Caffe in the heart of Bangkok, housed within the bustling Siam Paragon shopping complex.

    Design Details

    Designed to exude elegance and sophistication, the cafe is adorned with Dandong Green marble flooring and walls. The marble features are complemented by Carretto Siciliano decorative panels and a background of white checkerboard wallpaper, a signature pattern for the brand.

    Adding an extra touch of luxury, tables and bar counters are constructed from Indian Green marble. These striking features are paired with plush emerald green velvet seating, adding a rich, opulent appeal to the space. Custom pendant lights and wall sconces are strategically placed to illuminate the dining and bar areas, bringing a warm, welcoming glow to the establishment.

    Italian Meets Local Cuisine

    The DG Caffe menu is a celebration of the fusion between traditional Italian and Sicilian flavours and local Thai cuisine. Patrons can look forward to an array of offerings from breakfast items to light lunches and main courses. For those with a sweet tooth, the cafe also serves a variety of pastries and desserts.

    Bridge Between Cultures

    According to Dolce & Gabbana, the DG Caffe in Bangkok is envisioned to function as a cultural bridge. The establishment aims to pay tribute to the ‘Made in Italy’ concept and the brand’s dedication to craftsmanship, while also embracing the local culture of its new Thai home.

    Questions & Answers

    Where is the first DG Caffe by Dolce & Gabbana located?
    The first DG Caffe by Dolce & Gabbana is located in the Siam Paragon shopping mall in Bangkok.

    What design elements are featured in the DG Caffe?
    The DG Caffe showcases Dandong Green marble flooring and walls, Carretto Siciliano decorative panels, Indian Green marble tables and counters, emerald green velvet seating, and custom pendant lights and wall sconces.

    What can customers expect from the DG Caffe menu?
    The DG Caffe menu offers a fusion of Italian and Sicilian flavours with Thai influences, with options ranging from breakfast dishes to light lunches, main courses, pastries, and desserts.

  • “McDonald’s Records Sweeping Sales Surge Globally Amidst Challenging Environment”

    “McDonald’s Records Sweeping Sales Surge Globally Amidst Challenging Environment”

    McDonald’s has recorded another quarter of increasing sales, largely credited to the firm’s emphasis on providing value. This success has been observed across all markets.

    Global and Domestic Sales Growth

    Global sales, comparable to the previous year, rose by 3.6% for the third quarter, which concluded on September 30. This growth succeeds a 2nd quarter increase of 3.8%.

    In the United States, sales showed continued positive progress, with a boost of 2.4%, mainly driven by check growth. International markets also performed well, resulting in a 4.3% improvement. Germany and Australia were notably strong performers in this segment.

    Performance of Licensed Markets and Overall Sales

    Sales in international developmental licensed markets demonstrated robust growth, with a rise of 4.7%. This trend was evident across all geographical regions, with Japan leading the pack.

    For the quarter, global system-wide sales exceeded $36 billion, showing an 8% increase on a reported basis and a 6% rise in constant currency.

    Management Commentary

    McDonald’s Chairman and CEO, Chris Kempczinski, commented that the company managed to yield “sustainable growth” even amidst challenging circumstances. He acknowledged that their focus on delivering everyday value and affordability, menu innovation, and effective marketing strategies continues to draw customers.

    Net Income

    In terms of net income, the fast-food giant saw an increase of 1% to $2.27 billion.

    Questions & Answers

    What was the increase in McDonald’s global comparable sales for the third quarter?
    The increase was 3.6% year-on-year.

    Which markets showed notable improvement in the international operated segment?
    Germany and Australia showed significant improvement in this segment.

    What was McDonald’s net income for the reported quarter?
    The company’s net income for the quarter was $2.27 billion, a 1% increase.

  • Swedish Chic Hits Bangkok: Acne Studios Launches First Store in Thailand at Siam Paragon

    Swedish Chic Hits Bangkok: Acne Studios Launches First Store in Thailand at Siam Paragon

    Acne Studios, a leading fashion house from Sweden, has made its debut in Thailand with the inauguration of its first outlet at Siam Paragon, located in Bangkok.

    Design Aesthetics

    The new store, nestled in the heart of the city’s primary shopping area, mirrors the brand’s distinctive, minimalist retail design concept with a specific emphasis on materials. Conceived by the brand’s creative director Jonny Johansson in collaboration with Halleroed, a renowned Swedish architecture firm, the store’s innovative design language is seamlessly integrated with Acne Studios’ worldwide aesthetic.

    Pink granite is the highlight of the store’s design, utilized extensively throughout the facade, flooring, and structural pillars. It plays a pivotal role in establishing the brand’s unique visual identity and setting a unique ambiance for the store.

    Product Range

    The Siam Paragon store will showcase Acne Studios’ Autumn/Winter 2025 collections for men and women. Customers can also shop for shoes, accessories, and the brand’s latest product, the Camero bag.

    Expansion in Asia-Pacific

    The opening of the Bangkok store marks yet another milestone in Acne Studios’ ambitious expansion plan across the Asia-Pacific region. The inauguration follows closely on the heels of the recent launch of a flagship store in Tokyo’s Aoyama district, as the brand seeks to intensify its presence in key regional markets renowned for high-end contemporary fashion.

    Questions & Answers

    What design concept does the new Acne Studios store in Bangkok follow?
    The store mirrors the brand’s distinctive minimalist retail design concept with a specific emphasis on high-quality materials. It features an extensive use of pink granite, setting a unique ambiance for the store.

    What products does the new Acne Studios store offer?
    The store offers Acne Studios’ Autumn/Winter 2025 collections for both men and women. It also retails footwear, accessories, and the newly launched Camero bag.

    What does the opening of the new store in Bangkok signify for Acne Studios?
    The opening of the Bangkok store marks yet another milestone in Acne Studios’ ambitious expansion plan across the Asia-Pacific region. It follows the recent launch of a flagship store in Tokyo’s Aoyama district.