Author: Mei Ling Tan

  • HSBC Unveils Premier Elite Space in Singapore: The Largest Wealth Center Yet

    HSBC Unveils Premier Elite Space in Singapore: The Largest Wealth Center Yet

    HSBC has made a significant stride in expanding its footprint in Singapore by opening its fourth and largest wealth center in the city-state. Situated on the 33rd floor of the Singapore Land Tower, the wealth center spans 7,884 square feet and is equipped with 14 meeting rooms. These rooms include both private client advisory rooms and enclosed teller rooms, further enhancing the center’s capacity to serve its clientele.

    Catering to High Net Worth Clients

    The new wealth center is primarily dedicated to serving HSBC’s high net worth segment, specifically the HSBC Premier Elite. This segment, launched in 2024, caters to clients who maintain a minimum relationship balance of S$1.2 million ($1 million).

    Incorporating this wealth center into HSBC’s Singapore operations is a part of a larger plan to transform its business in the city-state. This plan includes a significant investment, with intentions to quintuple the bank’s local physical network.

    Ashmita Acharya, HSBC’s head of international wealth and premier banking in Singapore, spoke about the design and intent of the new wealth center. She noted that the center integrates the wealth and lifestyle aspirations of HSBC’s clients. By bringing together the best of the bank’s advisory, service, and hospitality expertise, the center aims to enhance the wealth journey of its clients in a meaningful way.

    Questions & Answers

    What is the purpose of the new wealth center established by HSBC in Singapore?
    The new wealth center is dedicated to serving HSBC’s high net worth segment, the HSBC Premier Elite. It aims to bring together the best of HSBC’s advisory, service, and hospitality expertise to enhance the wealth journey of its clients.

    Where is the wealth center located and what are its features?
    The wealth center is located on the 33rd floor of the Singapore Land Tower. It covers an area of 7,884 square feet and includes 14 meeting rooms, enclosed teller rooms, and private client advisory rooms.

    What wider plan is the opening of this wealth center a part of?
    The establishment of this wealth center is part of HSBC’s broader efforts to transform its business in Singapore. This includes plans to quintuple its investment towards increasing its local physical network.

  • Schnitz Breaks Into Chicken Tender Game: Launches New Mouthwatering Signature Tenders Range Nationwide

    Schnitz Breaks Into Chicken Tender Game: Launches New Mouthwatering Signature Tenders Range Nationwide

    Schnitz, the renowned food chain, continues to expand its product range by stepping into the chicken tender category with the launch of Tom’s Signature Tenders. This new offering signifies an innovative line of premium whole-muscle chicken.

    Tom’s Signature Tenders are prepared through a unique buttermilk marination process. The tenders are then coated in a signature breading that further enhances their taste and texture. They are available in both Original and Spicy varieties to cater to the varied palates of customers.

    Adding to this, Schnitz is also introducing two new dipping sauces – Signature Sauce and Premium Ranch – to perfectly complement the chicken tenders.

    The newly launched chicken tenders have been integrated into Schnitz’s menu in a number of formats. These include Tender packs and Tender boxes, created specifically to accommodate various dining occasions.

    These premium chicken tenders are available nationwide at all Schnitz locations. Customers can enjoy them either in-store or conveniently order them online.

    Questions & Answers

    What is the unique preparation method for Tom’s Signature Tenders?
    Tom’s Signature Tenders are prepared using a unique buttermilk marination process, followed by a coating of signature breading.

    What varieties are available for Tom’s Signature Tenders?
    Tom’s Signature Tenders are available in two varieties: Original and Spicy.

    Can customers order Tom’s Signature Tenders from any location and how can they do that?
    Yes, customers can order Tom’s Signature Tenders from any Schnitz location across the country. They have the option to enjoy their meal in-store or place an order online.

  • Sweet Success: Honey Australia Buzzes into Middle East Market with Exclusive Lulu Hypermarket Partnership

    Sweet Success: Honey Australia Buzzes into Middle East Market with Exclusive Lulu Hypermarket Partnership

    The family-owned Australian brand, Honey Australia, has recently extended its reach into the Gulf Cooperation Council (GCC) through an exclusive collaboration with the Lulu Group.

    Honey Australia’s premium products are now widely available across Lulu Hypermarket locations throughout the GCC. The launch of their partnership was celebrated with an in-store event in Qatar.

    Nick Maiolo, the co-founder of Honey Australia, expressed immense pride in this exclusive partnership with the Lulu Group for the brand’s GCC expansion. He stated, “As a family-owned enterprise that has been closely working with Australian beekeepers for several generations, it’s an honor to have our products included within Lulu’s premium Australian range, and being introduced to customers across the Middle East.”

    The regional introduction of Honey Australia is in line with the company’s participation at Gulfood, a leading food and beverage industry event. This provided the company an opportunity to connect with buyers and distribution partners to further fortify its market presence.

    Honey Australia’s expansion is not limited to the Middle East alone, as the company also has plans to extend its reach in other regions worldwide.

    Questions & Answers

    What is Honey Australia’s new partnership?
    Honey Australia has entered an exclusive partnership with the Lulu Group, helping them expand into the Gulf Cooperation Council (GCC) region.

    What event marked the launch of this partnership?
    The launch of the partnership was celebrated with an in-store event in Qatar.

    What is Honey Australia’s future expansion plan?
    While they have recently expanded into the GCC, Honey Australia intends to further increase their global presence by branching out into other regions around the world.

  • Keurig Dr Pepper Hits Refresh on Profits: Beverage Giant’s Sales Surge Fueled by Popular Refreshment Brands

    Keurig Dr Pepper Hits Refresh on Profits: Beverage Giant’s Sales Surge Fueled by Popular Refreshment Brands

    In the last fiscal year, Keurig Dr Pepper experienced a surge in sales, primarily fueled by increased demand for its beverage products.

    Growth in Global Net Sales

    An 8.2% rise in the company’s global net sales was witnessed during the year ended December 31, reaching a total of $16.6 billion. On a constant-currency basis, sales saw a boost of 8.6%, spurred by a 4.8% expansion in volume/mix and a favourable net price realisation at 3.8%. The company’s acquisition of Ghost contributed to 3.8% of the volume/mix growth.

    Sales Increase in US Refreshment Beverages Segment

    The US refreshment beverages segment, which comprises brands like Dr Pepper, Canada Dry, Snapple, and 7Up, played a significant role in this increase. Sales in this segment soared by 11.9%, reaching $10.4 billion. This segment’s growth reflects its successful market share gains across carbonated soft drinks, energy drinks, and sports hydration, the company reported.

    Performance of US Coffee and International Segments

    The US coffee segment, housing brands such as Keurig, Green Mountain Coffee Roasters, and The Original Donut Shop, witnessed a slight increment in sales, moving up by 0.6% to $4 billion. This rise was largely due to increased K-Cup pods sales, which somewhat made up for the decrease in brewer sales.

    The company’s international sales also saw an improvement of 5.9%, reaching $2.2 billion (or 9.3% when adjusted for currency). This performance was led by high growth in key categories like mineral water in Mexico and single-serve coffee in Canada.

    Net Income Increase

    Keurig Dr Pepper’s GAAP net income went up by 44.3% to $2.1 billion, which included a favourable year-over-year impact of items affecting comparability. Adjusted net income also increased by 6.6% to $2.8 billion.

    CEO Tim Cofer commented on the company’s robust performance, stating that 2025 was another strong year for Keurig Dr Pepper. He praised the company’s ability to deliver on guidance, navigate the dynamic operating environment with agility, and execute well in the marketplace with innovative winning strategies and robust commercial brand activations.

    For FY26, the company anticipates a 4-6% rise in net sales.

    Changes in Board Chair Position

    Keurig Dr Pepper also announced the transition of the board chair role from Bob Gamgort to Pamela Patsley at the end of the first quarter. Patsley, a board member since 2018, currently serves as the lead independent director.

    Questions & Answers

    What contributed to the increase in Keurig Dr Pepper’s sales?
    The increase in sales can be attributed to higher demand for its beverage brands and the acquisition of Ghost, which contributed to volume/mix growth.

    How did the US coffee segment perform?
    The US coffee segment observed a slight increase in sales due to higher K-Cup pods sales, which partially offset lower brewer sales.

    What changes were announced in the company’s board?
    The company announced a transition in the board chair position from Bob Gamgort to Pamela Patsley, who currently serves as the lead independent director.

  • Farro Fresh Expands Footprint with Eighth Store in Newmarket: A New Hub for Gourmet Shopping & Dining

    Farro Fresh Expands Footprint with Eighth Store in Newmarket: A New Hub for Gourmet Shopping & Dining

    The New Zealand-based food retail chain, Farro Fresh, has announced plans to launch its eighth store in Newmarket later this year. The new store will be located at 480 Broadway, a site formerly occupied by Liquorland.

    Store Details

    Farro Newmarket is expected to offer several attractive features for customers, including 70 on-site parking spaces, three separate entrances from Broadway and Mahuru Street, and easy access to both northern and southern motorway routes.

    CEO of Farro, Garth Sutherland, expressed his enthusiasm at the choice of location, citing the suitability of Newmarket as a bustling hub for shopping, dining and entertainment. He believes that the convenience of the Broadway location will be particularly appealing for local residents.

    Product Range and Suppliers

    Sutherland acknowledged Farro’s commitment to partnering with local independent producers to offer a range of specialist products to Auckland consumers. He stated that the expansion will provide enhanced distribution opportunities for their suppliers.

    Like its sister stores, Farro Newmarket will feature a wide variety of products, including fresh produce, prepared meals from Farro Kitchen, as well as in-house fishmonger and butcher services.

    Additional Offerings

    The new store will also house a central deli offering Allpress Espresso coffee, matcha, salads, freshly prepared sandwiches, and baked goods from local bakeries. Additionally, it will stock a selection of domestic and imported cheese and charcuterie. Farro sources its products from over 500 suppliers in New Zealand and abroad, including reputed brands and restaurants such as Daily Bread, House of Chocolate, Cassia and Gemmayze Street.

    Once the store opens, customers will also have access to the Friends of Farro loyalty program and various promotional activities.

    Questions & Answers

    Where will the new Farro Fresh store be located?
    The new store will be located at 480 Broadway, Newmarket.

    What type of products will Farro Newmarket offer?
    The store will offer a wide variety of products, including fresh produce, prepared meals, in-house fishmonger and butcher services, as well as a selection of domestic and imported cheese and charcuterie.

    Will the Friends of Farro loyalty program be available at the new store?
    Yes, the Friends of Farro loyalty program and various promotional activities will be available at the new store once it opens.

  • Central Phuket’s Expansion: Transforming Thailand’s Luxury Retail Landscape by 2028

    Central Phuket’s Expansion: Transforming Thailand’s Luxury Retail Landscape by 2028

    Central Pattana is embarking on a significant expansion of Central Phuket, aiming to transform the mixed-use development into a keystone of Phuket’s transition from a tourist-centric locale to a global lifestyle hub.

    The expansion will enlarge the project’s existing area by approximately 40%, pushing the total developmental value past 26 billion baht (US$835.7 million) when completed in 2028. The expanded project will cover an approximate 500,000 square meters of gross building area, solidifying its standing as one of southern Thailand’s major retail and lifestyle establishments.

    Transition to Luxury Lifestyle Destination

    Situated in Phuket City, Central Phuket has gradually evolved from a traditional mall set-up to a luxury-focussed, experience-centric destination. It is designed to cater to high-spending local and international consumers. The latest development phase is set to tap into the escalating long-term residency, growth in branded residential spaces, and infrastructure improvements across Phuket.

    A key aspect of the expansion plan is the doubling of luxury retail space in Central Phuket Floresta. Central Phuket Festival will also be repositioned to enhance its appeal in the fashion and lifestyle sector. The expansion will additionally usher in new high-end dining areas and significant attractions, including immersive entertainment concepts, scheduled for gradual introduction by 2028.

    Central Pattana’s chief marketing officer, Nattakit Tangpoonsinthana, has drawn comparisons between this development model and successful examples in Miami, Saint-Tropez, and Barcelona. He emphasized Central Pattana’s commitment to strengthening this approach with a ‘Global Coastal City’ model. This model is underpinned by three core elements: luxury lifestyle, downtown economy, and a global community, positioning Phuket for long-term sustainable growth.

    Store Expansions and Exclusive Concepts

    The expansion will see the introduction of multiple store expansions and unique shopping concepts. These include the largest Louis Vuitton outlet in southern Thailand, a 597 square meter Prada boutique showcasing one of its widest beachwear collections, a pop-up by Celine, and revamped concept stores from Balenciaga and Saint Laurent.

    In a separate development, Central Pattana allocated 21 billion baht (US$640 million) last year to construct a new mega shopping and lifestyle complex, The Central Phaholyothin, in northern Bangkok.

    Questions & Answers

    What is the projected value of the expanded Central Phuket project?
    The total developmental value is estimated to exceed 26 billion baht (US$835.7 million) upon its completion in 2028.

    What new features will the expansion of Central Phuket introduce?
    The expansion plans include the doubling of luxury retail space, the introduction of new high-end dining areas, major attractions including immersive entertainment concepts, store expansions, and unique shopping concepts.

    What is the ‘Global Coastal City’ model?
    The ‘Global Coastal City’ model is driven by three core elements: luxury lifestyle, downtown economy, and a global community. It aims to position Phuket for long-term sustainable growth.

  • DoorDash Bids Farewell to Singapore and Japan Markets: A Strategic Re-focus on Sustainable Growth

    DoorDash Bids Farewell to Singapore and Japan Markets: A Strategic Re-focus on Sustainable Growth

    DoorDash, the leading food delivery platform, has announced the discontinuation of its operations in Singapore and Japan to concentrate on markets with higher priorities.

    Singapore Shutdown

    In Singapore, DoorDash will be closing down its Deliveroo service on March 4, thus drawing a curtain over its 11-year long tenure in the city-state. The firm has indicated that services will remain operational until the shutdown, advising customers to exhaust any residual credits and gift cards before the cessation of operations.

    Exiting Other Markets

    In a related development, the company has also confirmed the planned closure of Deliveroo and Wolt services in Qatar, Uzbekistan, and Japan. This decision was reached following an extensive evaluation of market conditions spanning several months. According to DoorDash, the exit strategy is hinged on factors specific to each of these countries and is aligned with the company’s strategic thrust to focus on markets that offer the greatest potential for sustainable growth and long-term dominance.

    Despite describing the decision as a challenging one, the firm has committed to closely collaborating with relevant local stakeholders to effect a seamless transition in the immediate future.

    DoorDash’s Contributions and Gratitude

    Miki Kuusi, the Head of DoorDash International, CEO of Deliveroo and co-founder of Wolt, expressed gratitude to all who have been a part of their journey. He remarked, “Over the last 11 years, we have been proud to shape food delivery in Singapore, granting consumers access to an extensive range of restaurant and grocery partners. To all our employees, customers, partners, and riders who have accompanied and supported us on this journey – thank you.”

    It’s worth noting that in the previous year, Deliveroo also withdrew from the Hong Kong market on April 7, after operating there for nine years. This followed an agreement to sell some of its assets to Foodpanda.

    Questions & Answers

    Why is DoorDash discontinuing its operations in Singapore and Japan?
    DoorDash is discontinuing operations in Singapore and Japan to focus on markets with higher priorities.

    What will happen to the remaining credits and gift cards of customers in Singapore?
    Customers are advised to exhaust any remaining credits and gift cards before DoorDash ceases operation on March 4.

    Can we expect further market exits from DoorDash?
    While not explicitly stated, the company’s strategic focus on markets where it sees a clear path to sustainable scale and long-term leadership might lead to further market exits.

  • Experience the Grandeur of Tory Burch’s Largest Hong Kong Store at K11 Musea: Bigger, Better, and Brimming with Style

    Experience the Grandeur of Tory Burch’s Largest Hong Kong Store at K11 Musea: Bigger, Better, and Brimming with Style

    Tory Burch, the renowned fashion brand, has recently reopened its newly revamped boutique located at K11 Musea. The redesigned space, covering an area of 3800 square feet, now stands as the largest Tory Burch outlet in Hong Kong.

    Reflecting the Brand’s Identity

    Thibault Villet, International Director for Asia-Pacific, Japan, and EUME regions, shared that the design of the store embodies the brand’s unique blend of timeless elegance, warmth, and modern spirit. The boutique’s aesthetic is a physical manifestation of the brand’s identity, showcasing its commitment to quality and style.

    A Comprehensive Tory Burch Experience

    Customers visiting the boutique can look forward to a comprehensive shopping experience as the store offers Tory Burch’s ready-to-wear collection, handbags, footwear, and a broadened range of jewellery. This diversity in the product line ensures that shoppers have access to a complete Tory Burch ensemble.

    Jewellery: The Key Growth Category

    Villet highlighted that jewellery is a pivotal growth category for the brand. “The introduction of more jewellery options enhances styling possibilities, encourages repeat visits, and draws in new customers,” he said. He added that in a market where attention to refinement and detail is crucial, their expanded jewellery collection will be particularly appealing.

    Questions & Answers

    What changes have been made to the Tory Burch boutique at K11 Musea?
    The boutique has undergone a redesign and now spans a space of 3800 sqft, making it the largest Tory Burch store in Hong Kong. The design of the store reflects the brand’s timeless elegance, warmth, and modern spirit.

    What products does the revamped Tory Burch boutique offer?
    The store carries Tory Burch’s ready-to-wear collection, handbags, footwear, and an expanded range of jewellery.

    Why is jewellery considered a key growth category for Tory Burch?
    According to Thibault Villet, the brand’s International Director for Asia-Pacific, Japan, and EUME regions, expanded jewellery options enhance styling possibilities, encourage repeat visits, and attract new customers.

  • UOB Defies Profit Dip to Bestow 6,000 Junior Staff with Surprise Half-Month Salary Bonus

    UOB Defies Profit Dip to Bestow 6,000 Junior Staff with Surprise Half-Month Salary Bonus

    Despite a dip in 2025 net profits, the United Overseas Bank (UOB) of Singapore plans to award approximately 6,000 junior staff members with a half-month base salary payout. This one-time payment aims to recognize their hard work and contributions amidst trying external circumstances.

    A Rewarding Gesture

    UOB intends to distribute these payouts in the second quarter of this year. The total sum of the payouts will amount to roughly S$4 million (US$3.16 million), as disclosed in the bank’s recently released earnings report.

    In the report, UOB also reaffirmed its dedication to uphold a competitive and equitable wage structure for all its employees.

    Financial Performance in 2025

    This generous gesture comes in spite of UOB’s net profit experiencing a 7% year-on-year decline in the fourth quarter, closing at S$1.41 billion. This decrease resulted from margin pressures counterbalancing loan growth.

    For the entire year, UOB’s net profit was recorded at S$4.7 billion, showing a decrease from S$6 billion in 2024. UOB identified the primary cause for this decline as the precautionary general allowances it had allocated in the third quarter, intended to fortify provision coverage in response to increasing macroeconomic uncertainties.

    A critical profitability indicator for the bank, its net interest margin, decreased to 1.89% in 2025, down from 2.03% in the previous year. Simultaneously, net interest income saw a 3% decline, amounting to S$9.36 billion.

    A Trend in Singaporean Banking

    UOB is not the only Singaporean bank showing appreciation for its employees in such a manner. Another prominent bank in the country, DBS, also declared a S$1,000 bonus for its numerous junior employees upon the disclosure of its 2025 earnings earlier this month.

    Questions & Answers

    What is the total amount UOB plans to distribute to its junior staff as a reward?
    UOB plans to distribute around S$4 million (US$3.16 million) among approximately 6,000 junior staff members.

    What caused UOB’s net profit to decrease in 2025?
    The decrease in UOB’s net profit for 2025 is largely attributed to the bank setting aside precautionary general allowances in the third quarter, aimed at bolstering provision coverage due to escalating macroeconomic uncertainties.

    Did other banks in Singapore also provide bonuses for their junior employees?
    Yes, DBS, another prominent bank in Singapore, also announced a S$1,000 bonus for its junior employees when it released its 2025 earnings.

  • Doji Dives into Silver Bar Trade: New Online and In-store Opportunities for Vietnamese Investors

    Doji Dives into Silver Bar Trade: New Online and In-store Opportunities for Vietnamese Investors

    DOJI, a renowned jewelry retail chain, recently joined the ranks of the nation’s silver bar distributors, making it the fourth such establishment in the country. The company initiated the sale of one- and five-tael silver bars in the cities of Hanoi and HCMC on Tuesday, with plans for expansion into Da Nang City and Hai Phong City. It’s notable to mention that a tael is a unit of measurement equivalent to 37.5 grams or 1.2 ounces.

    Customers are given the option to either purchase from DOJI’s physical stores or use the company’s eGold app to shop online. The company expressed that there has been a rapid increase in demand for physical silver as a store of wealth. However, the market is experiencing a shortage of standardized products, particularly regarding weight and quality.

    The Current Silver Bar Market

    As it stands, the silver bar market is serviced by three other distributors, Phu Quy Silver, Sacombank, and Ancarat. Despite the growing popularity of silver bars, market analysts have issued warnings regarding the volatility of silver prices. They noted that price fluctuations for silver tend to be more drastic compared to gold, which may make it less suitable for novice short-term traders and those employing leverage.

    Recent Silver Market Trends

    Following the Lunar New Year holidays, silver has been trading at VND3.4 million (US$126.21) per tael, which is 25% below the record high it reached at the end of January. The average price forecast for the metal this year is $81 per ounce, as per the prediction of a major banking institution. This is more than double the 2025 figure.

    Another financial institution provided a more optimistic short-term forecast at the close of January, suggesting that silver could potentially reach $150 within three months. This prediction was attributed to technical factors and developments in supply and demand.

    Questions & Answers

    What is the latest addition to DOJI’s offerings?
    DOJI has recently started selling one- and five-tael silver bars, becoming the country’s fourth distributor of this product.

    What has led to the increased demand for physical silver?
    The surge in demand for physical silver is largely due to its appeal as a store of wealth. However, the market currently lacks standardized products in terms of weight and quality.

    What are the current predictions for silver prices?
    A major banking institution projects an average price of $81 per ounce this year, more than double the 2025 figure. Another financial institution anticipates that silver could reach $150 within three months due to technical factors and supply-demand developments.

  • “HSBC Eyes $1 Billion Windfall from Hang Seng Privatization: A Bold Step in Hong Kong’s Financial Future”

    “HSBC Eyes $1 Billion Windfall from Hang Seng Privatization: A Bold Step in Hong Kong’s Financial Future”

    HSBC, with headquarters in London, has expressed optimism following its decision to take Hang Seng, a Hong Kong bank, private, with projected cumulative benefits nearing $1 billion.

    Anticipated Financial Benefits

    According to the bank’s strategic report, HSBC anticipates that the privatization of Hang Seng Bank will yield a total of $900 million in benefits. This figure includes $500 million in synergy realization and an ambitious $400 million in added revenue and cost-saving opportunities by the year’s end in 2028. The bank also forecasts restructuring expenses amounting to approximately $600 million.

    Leadership’s Outlook

    HSBC’s CEO, Georges Elhedery, spoke positively of the decision to privatize Hang Seng Bank. He noted that the $13.7 billion privatization merges 255 years of history and heritage, uniting global reach with local depth. Elhedery stated that the move allows for the scaling of capabilities across both banks to the benefit of all customers. He went on to say that the decision to privatize Hang Seng Bank demonstrates the company’s confidence in and commitment to Hong Kong’s future growth.

    Prior Ownership and Recent Changes

    Before finalizing the privatization deal on January 26, the British bank already owned a 63% stake in Hang Seng. The privatization was completed following approval from both shareholders and the court.

    Questions & Answers

    What are the financial benefits anticipated by HSBC from the privatization of Hang Seng Bank?
    HSBC projects total benefits of $900 million from the privatization, including $500 million in synergies and an additional $400 million in revenue and cost-saving opportunities by the end of 2028.

    What costs does HSBC expect to incur due to the restructuring?
    The bank estimates that associated restructuring costs will be around $600 million.

    What was HSBC’s stake in Hang Seng Bank prior to privatization?
    Before the privatization, HSBC already held a 63% stake in Hang Seng Bank.

  • Japan’s Top Ramen Specialist, Ramenya Shima, to Launch First International Location in Hong Kong

    Japan’s Top Ramen Specialist, Ramenya Shima, to Launch First International Location in Hong Kong

    Ramenya Shima, a renowned ramen specialist based in Tokyo, is set to make its first foray outside Japan with a new eatery in Hong Kong. The expansion is scheduled for next month, in a significant milestone for the brand.

    An Upscale Ramen Hub in Causeway Bay

    Ramenya Shima, currently operating a single establishment in Shibuya, Tokyo, has secured a location for its new venture at Sugar+ in Causeway Bay. The 1200 square foot restaurant is designed to accommodate 24 guests, mirroring its Tokyo flagship’s warm wood finishes and counter-style seating.

    A Menu Steeped in Tradition

    Ramenya Shima’s menu will primarily feature three distinct broths: shoyu, white shoyu, and shio. Each of these delectable soups is based on a complex stock concocted from 30 different ingredients, encompassing chicken, seafood, and various dried components. The noodles are made from a unique blend of five flours, including Kitahonami wheat grown in Hokkaido. Moreover, they are produced without any additives, aligning with the restaurant’s commitment to quality and authenticity.

    A Proven Track Record

    Since its establishment in 2020 by chef Hiroshi Morishima, Ramenya Shima has amassed a loyal following in Tokyo’s highly competitive ramen market. It has consistently been ranked as one of the top three ramen restaurants on a prominent Japanese dining review platform for five consecutive years.

    Chef Morishima expressed his optimism about the upcoming opening in Causeway Bay, stating, “Its vibrancy and accessibility echo the spirit of Tokyo. I am confident that all of our guests will experience the warmth and depth of our handcrafted ramen, made with recipes that have been perfected in Japan.”

    Expansion with Quality Assurance

    The move to Hong Kong signifies a strategic step in Ramenya Shima’s growth plans. In Tokyo, the restaurant is renowned for limiting its daily output to about 60 bowls to maintain consistency and high-quality standards. This practice will be replicated at their new overseas location, ensuring that the brand’s commitment to quality prevails in every aspect of its operations.

    Questions & Answers

    What is Ramenya Shima’s expansion plan?
    Ramenya Shima is venturing outside Japan for the first time by opening a new eatery in Hong Kong. The brand plans to maintain its commitment to quality and consistency, as it has in its Tokyo location.

    What is unique about Ramenya Shima’s menu?
    Ramenya Shima’s menu is based on traditional recipes. It features three distinct signature broths and noodles made from a proprietary blend of five flours, including additive-free Kitahonami wheat from Hokkaido.

    What measures does Ramenya Shima take to ensure quality?
    To maintain high standards of quality and consistency, Ramenya Shima limits its daily output to around 60 bowls of ramen. This practice will also be adopted in their new location in Hong Kong.

  • Shein Defies French Regulatory Resistance, Expands Fashion Footprint in Five More Cities

    Shein Defies French Regulatory Resistance, Expands Fashion Footprint in Five More Cities

    Despite facing opposition from the French government, low-cost fashion brand Shein is extending its footprint to five additional cities in France. This expansion is being carried out through a collaboration with department store chain BHV.

    Continued Expansion

    The Chinese fast-fashion retailer is now marking its presence in Angers, Dijon, Grenoble, Limoges, and Reims. This move comes on the heels of comments from Serge Papin, France’s Minister for Small and Medium-sized Businesses, who criticized Shein’s business practices. Papin has publicly deemed Shein a “disturbance to public order,” citing the brand’s low pricing as a form of “unfair competition.”

    Shein first set foot on French soil last November, when it opened a flagship store in Paris, located within BHV. The expansion into the additional five cities was initially slated for December.

    Postponed Plans Amid Media Pressure

    However, SGM, the operator of BHV, decided to delay the regional store openings. This decision came just ten days after the opening of the Paris flagship store, amidst mounting pressure from the media.

    Despite the controversy and delays, BHV is continuing its partnership with Shein. As part of this arrangement, Shein will independently operate its business within the BHV stores, while the department store will retain a commission on the sales made by the brand.

    Questions & Answers

    What is Shein’s latest expansion move in France?
    Shein is expanding its presence to five more French cities – Angers, Dijon, Grenoble, Limoges, and Reims, through a partnership with department store chain BHV.

    Why did Shein face criticism from the French Government?
    Shein faced criticism from Serge Papin, France’s minister for small and medium-sized businesses, who described the company’s low-cost strategy as a form of “unfair competition” and a “disturbance to public order.”

    How will Shein operate its business within the BHV stores?
    Shein will independently operate its business within the BHV stores, and the department store will earn a commission on the sales made by the brand.

  • Google Messages Revamps Read Receipts and Teases Real-Time Location Sharing: An Enhanced Chat Experience Ahead

    Google Messages Revamps Read Receipts and Teases Real-Time Location Sharing: An Enhanced Chat Experience Ahead

    Google’s messaging app, Google Messages, has recently undergone a series of tweaks to improve its user experience. One significant change is the simplification of the group creation process, which allows users to chat with multiple individuals simultaneously. However, this isn’t the only modification to the app.

    Revamped Read Receipts

    The read receipts feature in Google Messages has been revamped in its latest version. Previously, the read receipt was composed of two small circles, commonly referred to as the “Double Bubble” design, located outside the text bubble. The latest version relocates the read receipt within the text bubble, specifically at its lower right corner, and changes its design to a single circle.

    This new version incorporates four states to indicate the status of the sent message: an ellipsis within a circle denotes a message in the process of being sent; a single check within a circle indicates a message has been sent; double checks within a circle signifies the message has been delivered; and finally, a solid circle with double checks mean the message has been read.

    End-to-End Encryption Verification

    Users are now able to verify whether their message was encrypted end-to-end (E2EE) by swiping the text bubble to the left. This action will reveal the time the message was sent and its E2EE status. If a lock with a line through it is displayed, it means the message was not encrypted. Conversely, a lock without a line through it signifies the message was sent via E2EE.

    Real-Time Location Sharing Feature

    Google Messages is rumored to be introducing an exciting feature that will enable users to share their real-time location with others. Currently, the app only allows for a one-time location share, which remains static even when the user is on the move. However, the new “Real-time Location” feature will show the user’s location as they move in real time.

    This feature requires location permissions and can be enabled to share the user’s location in chats. A banner will be displayed at the top of the chat when this feature is active, indicating the remaining time before it is automatically switched off.

    Interestingly, the user can share their live location even if the recipient does not have the same feature enabled on their device. If the recipient has the Google Find Hub app installed, the shared live location link will open in the app. Otherwise, the link will open in a web browser, revealing the sender’s real-time location. To disable location sharing, users simply need to tap the banner at the top of the conversation and select “Stop” from the options at the bottom.

    Questions & Answers

    What are the four states of the new read receipt design in Google Messages?
    The read receipt can be in one of four states: an ellipsis within a circle indicates a message being sent; a single check within a circle shows the message has been sent; double checks within a circle signify the message has been delivered; and a solid circle with double checks means the message has been read.

    How can users verify if a message was encrypted end-to-end in Google Messages?
    Users can swipe the text bubble to the left to reveal the time the message was sent and its encryption status. A lock with a line through it means the message was not encrypted, while a lock without a line through it indicates end-to-end encryption.

    What is the new “Real-time Location” feature in Google Messages?
    The “Real-time Location” feature allows users to share their real-time location with others in chats. A banner will appear at the top of the chat when this feature is active, revealing how much time remains before the feature is automatically turned off.

  • YouTube Premium Lite Expands Offerings: Background Play and Downloads Now Included!

    YouTube Premium Lite Expands Offerings: Background Play and Downloads Now Included!

    Google has recently fortified its efforts to prevent unauthorized access to key YouTube Premium features. However, users will be pleased to know that the tech giant has now decided to provide an official means to obtain one of these sought-after features for a more reasonable price.

    Enhancements to the Premium Lite Plan

    YouTube is broadening the scope of its more affordable Premium Lite plan by incorporating two fundamental Premium features. The more budget-friendly tier now includes background play and download options for the majority of its video content, while maintaining its $7.99 price tag.

    Similar to the ad-free viewing provided by Premium Lite, background play and download abilities are restricted to certain types of content. Shorts, music-related content, and user-created videos featuring content from YouTube’s music partners are excluded from the download or background play features. Additionally, Premium Lite users may encounter ads while viewing music content, Shorts, or while navigating and searching on the platform.

    A Noteworthy Update

    The augmentation of YouTube’s Premium Lite features by Google seems to be a celebratory enhancement, akin to a birthday present for the plan. YouTube initially launched this more affordable subscription tier in March of the previous year, with its availability in fewer markets than the pricier $13.99 YouTube Premium. However, the Premium Lite plan can now be accessed in the United States, Great Britain, India, and approximately 20 other countries worldwide.

    A few weeks prior, Google took action against a popular workaround that let users access the background play feature on YouTube via an external browser. The tech giant had stated that this feature was designed exclusively for YouTube Premium subscribers. But it seems this feature will now be accessible to YouTube Premium Lite users as well.

    Rollout of New Features

    YouTube Premium Lite users may not immediately gain access to the new features. Google has announced that the global rollout began recently and will be fully implemented in the coming weeks.

    Google’s Strategic Move

    Given that many users already subscribe to a music streaming service, it is logical for Google to present a “non-music” YouTube plan that incorporates key Premium features. The Premium Lite tier definitely holds more appeal for those who do not use YouTube for music streaming and are interested in having ad-free podcasts and talk shows playing in the background.

    Questions & Answers

    What new features are being added to YouTube’s Premium Lite plan?
    Answer: YouTube’s Premium Lite plan is now going to include background play and download options for most of its video content.

    Are there any restrictions for Premium Lite users?
    Answer: Yes, background play and download features do not apply to Shorts, music-related content, and user-created videos that contain content from YouTube’s music partners. Also, these users may experience ads while watching music content, Shorts, or while browsing the platform.

    When will Premium Lite users have access to these new features?
    Answer: Google has announced a gradual rollout of these features, which began recently and will continue over the coming weeks.