Author: Mei Ling Tan

  • Supply chain group Tigers launches new e-shop marketplace supporting brands entering china

    Supply chain group Tigers launches new e-shop marketplace supporting brands entering china

    Supply chain group Tigers has launched a new marketplace, called eShop, to support brands entering the rapidly expanding China and Southeast Asia e-commerce markets.

    The digital marketplace, part of Tigers’ suite of e-commerce products, offers a one-stop shop solution, from marketing, to taking payments, managing the supply chain, order fulfilment, and returns.

    Up-and-coming Italian designer workout wear Gr1ps, and award-winning golf simulator OptiShot Golf are amongst the first Tigers eShop customers in China, Hong Kong, and Malaysia.

    “Tigers eShop offers a cost-effective, scalable enterprise solution for companies of all sizes,” said Andrew Jillings, chief executive officer and group managing director, Tigers.

    “We can provide fiscal representation to SMEs wanting to enter the China market that do not have a presence there.”

    “The logistics industry has the desire to adopt technology, but few providers are offering a real solution that ultimately services every e-commerce business.

    “Rather than being a one-size fits all, Tigers’ IT systems, which work on a cloud-based operating platform, are flexible enough to meet a large variety of demands.”

    Gr1ps, founded in 2011, designs innovative functional training products and has been recognised as a pioneer in Brazilian Jiu Jitsu and Mixed Martial Arts apparel. “Tigers eShop forms a core part of our sales strategy in acquiring new clients in the Asia market, and increasing brand awareness and exposure through Tigers’ network,” said Katty Fung, chief operating officer, Gr1ps.

    “We look forward to bringing our brand values, of quality and attention to detail, to larger sports and lifestyle communities with this expansion.”

    OptiShot Golf is a golf simulator platform designed by two fans of the game, which allows players to practice and play on replicas of major championship courses, as well as play in global online tournaments, with real clubs and real golf balls.

    “China is an important market for us and the Tigers eShop is an exciting opportunity for us to grow our presence there,” said Kevin Johnston, president and chief operating officer (COO), OptiShot Golf.

    Tigers, which has been operational in Greater China since 1969, has 17 offices across the country and specialises in e-commerce fulfilment, transportation, and supply chain solutions.

    The Hong Kong headquartered supply chain specialist has 65 offices and 32 omni-distribution hubs across China, the USA, Germany, the United Kingdom, the Netherlands, Switzerland, Australia, Malaysia, India, and South Africa.

    Tigers plans to open more eShops across a number of strategic locations.

    “Tigers will continue to focus on our two main assets, our technology and our people,” said Jillings.

    “We are privileged to be working with exciting brands like Gr1ps and OptiShot Golf. They are both dynamic groups with great products and they embrace the online retail space.

    “There is always a learning curve working with companies like these.”

    Tigers can trace its founding origins back to 1888 in the Cape of Good Hope, South Africa, where their South African subsidiary was first founded.

  • Cebu Pacific launches four new routes in Clark, Cebu

    Cebu Pacific launches four new routes in Clark, Cebu

    Cebu Pacific (CEB) is set to launch four new routes from Clark International Airport and Mactan Cebu International Airport. This is in line with the airlines program to strengthen its domestic route network geared towards making inter-island travel more accessible to residents outside Metro Manila. Starting this May 15, Cebu Pacific’s wholly-owned subsidiary, Cebgo, will be flying daily between Clark and Caticlan (Boracay) three times weekly on Monday, Wednesday, and Friday between Clark and Busuanga,and three times weekly on Monday, Wednesday, and Friday between Cebu and Busuanga.

    Cebgo will also begin flying between Cebu and Cotabato four times weekly, on Tuesday, Thursday, Saturday, and Sunday on May 16, 2017. “We believe that by opening these new routes, we are enabling more residents from Central and even North Luzon to travel to Palawan and Boracay—two of the world’s best islands, without having to make the trip to Metro Manila to catch their flights. Even guests from the Visayas who would like to explore Northern Palawan have to fly via Manila to get there. With a direct Cebu-Busuanga route, the islands of Coron and Culion are easier to get to.

    Aside from boosting domestic tourism, our new routes will also enhance trade and investment as we also make available our cargo services,” Alexander Lao, Cebgo president and chief executive officer, said. CEB is launching the four flights with an introductory, all-in seat sale of P599 from April 6 to April 9, 2017, or until seats last. Travel period is from May 15 to November 30, 2017.

    “CEB has remained true to its commitment of making air travel safe, affordable, reliable, and fun-filled for every juan. Rest assured, we will continue expanding our network to enable even more of our kababayans to travel with our trademark lowest fares, not only within the Philippines, but also to international destinations,” added Lao. Aside from Cebu and Clark, CEB also operates flights out of four other strategically placed hubs in Manila, Davao, Kalibo, and Iloilo. The airline’s extensive network covers over 100 routes and 66 destinations, spanning Asia, Australia, the Middle East, and United States of America.

  • Cooking to coding: What free HTML classes mean for Indonesian maids

    Cooking to coding: What free HTML classes mean for Indonesian maids

    Jamilah’s newly obtained skills are beyond anything most would expect from an Indonesian maid working in Singapore – she is not only a cook and a cleaner, but a website builder.

    Jamilah learnt programming languages such as HTML and CSS at a free, eight-week coding course for domestic workers provided by Indonesia’s Creative Economy Agency. The agency plans to expand the programme, launched in Singapore in January, to Hong Kong later this month, then to Malaysia, Taiwan and Saudi Arabia.

    To cater to maids’ strict schedules, the classes are held every Sunday from 10am to 1pm. In Singapore, the demand to enrol was so high the programme was forced to move those about to leave the city state to the front of the line – such was the case with Jamilah.

    “I’m very keen on learning how to code,” Jamilah told. “I’m hoping to have my own business when I return to Central Java and use the website to market my products and bring in more customers from the internet.”

    Students are expected to bring their own laptops to class, and this posed a problem for Jamilah since her old computer was broken. “So I bought a brand new Dell laptop that set me back SG$499 (HK$2,765), or a month’s salary. But it’s worth it.”

    The 41-year-old said she was blessed to have an understanding employer who allowed her to take the course. “My boss even downloaded GitHub for me,” the mother of four said, referring to a popular software development platform.

    By advancing the skill sets of maids such as Jamilah, Indonesia aims to empower workers with entrepreneurial skills that will help them set up businesses once they return home.

    About a third of Indonesia’s six million migrant labourers work as housemaids in places such as Singapore, Hong Kong, Taiwan and the Middle East. In 2015, Indonesian migrant workers sent home about US$9.4 billion in remittances, according to official data. However, once they return home, a relative lack of workplace skills often prevents them from securing well-paying jobs or establishing their own businesses.

    Indonesia has a workforce of about 125 million people, 60 per cent of whom did not get past middle school or high school, according to Minister of Labour Hanif Dhakiri.

    “They do not have the skills needed to have a proper job that would lift them out of poverty,” he said. “We fully support the coding programme for maids as a solution to increase their self-sufficiency post tenure.”

    Through the programme, the government also hopes to bolster the talent supply in Indonesia’s creative workforce to 13 million people by 2019, about a million more than last year.

    “We need to have our own talents so, when it comes to software programming, we no longer have to depend on foreign companies,” said Triawan Munaf, head of the state agency that founded the programme.

    The coding course for maids is a twist on a similar course designed for stay-at-home mothers in Indonesia called “Coding Mum”, organised by the same agency. Launched in February last year, Coding Mum began in six cities and will be expanded to three more this year to meet demand. Its graduates either run their own businesses or are employed as front-end developers and beta testers by local tech firms such as e-commerce company Tokopedia.

    “We have positive results from Coding Mum, where housewives from all ages up to 60 years old have joined the programme,” said Izak Jenie, Coding Mum’s co-founder. “After Coding Mum, we felt challenged to teach coding to housemaids.”

    But teaching how to code to mostly undereducated housemaids is not without challenges. Despite sharing the same lessons with the stay-at-home moms, mentors need to be more patient and understanding with maids, since most of their experiences with the internet are limited to social media services such as Facebook or WhatsApp.

    “However, their motivation to succeed seems bigger. In Singapore, for example, they asked me questions outside of the classroom, sometimes until 1am,” said Henry Sutjipto, the programme coordinator for countries outside Indonesia.

    The classes for maids also require Indonesian-speaking tutors who are willing to volunteer, Sutjipto said.

    These same challenges face the programme as it looks to start classes in the New Territories of Hong Kong, starting on April 23.

    “In Kuala Lumpur it’s easy to find mentors because there are many Indonesians there,” Sutjipto said. “It was difficult to find one in Hong Kong, but we found two information technology lecturers from Indonesia who are currently studying in Guangzhou and are willing to come to Hong Kong to teach.”

    The programme has piqued the interest of Anggraeni Ustianingsih, an Indonesian maid living in Tseung Kwan O who has been working in Hong Kong for five years and whose tenure will expire in November.

    When she returns home, she hopes to expand her business of selling shumay (steamed fish dumplings) to a broader online market.

    “My boss is supportive because the class is scheduled on my day off,” the 42-year-old from Tegal, Central Java, said.

    She has a Lenovo laptop, and is ready to do any homework from the course in her spare time.

    Due to the high interest shown by maids in learning programming and coding, the Indonesian government also plans to bring the course to villages that have sent many migrant workers overseas. It will not, however, expand the programme to cities in the Middle East, other than Medina in Saudi Arabia.

    “It’s hard to implement the programme in the Middle East because housemaids there are not even allowed to get out of the house,” said Dhakiri, the labour minister.

    Back in Singapore, Jamilah dreams of becoming a tailor in her home town after her contract to work in the city state expires on September. But a question lingers: “I’m still not sure whether to return to Indonesia or renew my contract here… I still need more money to send my children to college.”

  • The rise of the IoT marketplace is under way

    The rise of the IoT marketplace is under way

    As companies seek to transform themselves with IoT technologies, they are confronted by an incredibly complex and diverse supplier market from which to build IoT solutions, according to ABI Research.

    To address this challenge, suppliers are leveraging ecosystem partnerships to provide end-users with a one-stop-shop portfolio of hardware, software, and services.

    These emerging IoT Marketplaces not only simplify IoT solution creation and adoption, but they also facilitate supplier and buyer interactions ultimately creating open networks that encourage innovation.

    “The IoT supplier landscape is scattered right now with a diverse array of companies offering a myriad of complex components and solutions,” ABI research analyst Ryan Harbison said.

    “IoT Marketplaces, are a response to this complexity designed to reduce the friction buyers face when adopting and implementing IoT solutions.”

    ABI Research finds that to reduce the friction that enterprise developers encounter when developing IoT solutions, IoT Marketplaces need to effectively address all components of the IoT value chain.

    While some IoT Marketplaces currently offer all solution components, many do not have comprehensive offerings. Suppliers are currently working to formalize and expand marketplace offerings and in some cases, integrate them with resources and programs already in place to fully leverage existing relationships.

    “IoT Marketplaces allow suppliers to build an IoT offering centered around their core offerings,” continued Harbison. “These marketplaces are particularly effective when they are built around a single connection point, such as a platform or gateway, because that simplifies the work enterprise developers need to do on both the front and back end.”

    ThingWorx successfully leveraged its platform alongside its partners’ expertise to offer a comprehensive supplier exchange. Aeris’ Neo Marketplace provides enterprises not only end-to-end IoT solutions, but also access to support services, APIs, and network services tools.

    Dell, likewise, worked with its partner program to center its end-to-end marketplace offerings on its IoT edge gateways. Companies like Libelium, Sierra Wireless, and Telus offer solutions in the form of vertical-specific application development and solution kits aimed at enterprise developers.

    Other companies like Amazon Web Services and Microsoft currently limit their IoT Marketplace offerings to software solutions, but both are looking to integrate their existing program into a cohesive end-to-end IoT offering.

  • Malaysia puts high hopes on one halal certification with Indonesia

    Malaysia puts high hopes on one halal certification with Indonesia

    Malaysia is putting high hopes on the planned unified halal certification with Indonesia, the country with the world’s largest Muslim population, in a bid to strengthen halal trade relations between the two countries.

    At present, Indonesia only directly accepts Malaysian halal certificates for industrial goods, such as palm oil.

    However, Malaysian end-user products must undergo various tests to obtain another halal certificate from the Indonesian Ulema Council (MUI) and halal logo from the Food and Drug Monitoring Agency (BPOM) before being marketed in Indonesia.

    To address the issue, Malaysian and Indonesian authorities are reviewing their halal certifications to avoid inefficient imports and exports in the long run.

    “We have been collaborating very closely because we want to sell more products to Indonesia and, of course, we also welcome Indonesian products in Malaysia,” Malaysian International Trade and Industry Minister Mustapa Mohamed told reporters on the sidelines of the 2017 Malaysia International Halal Showcase (Mihas) in Kuala Lumpur on Wednesday.

    “Some challenges have not been resolved. Indonesian authorities recognize our halal certification, but there are some additional tests that our people have to go through.”

    The MUI’s Food and Drug Analysis Agency (LPPOM) deputy director, Muti Arintawati , said her side had planned to simplify halal certification for Malaysian end-user products imported into Indonesia.

    “We may not need to conduct an audit at the production location. Instead, we can just audit the documents of those products. Nonetheless, this plan has yet to be officially agreed to,” Muti told The Jakarta Post over the phone on Friday.

    In August last year, Malaysian Prime Minister Najib Razak said he was committed to boosting trade between the two neighboring countries to US$30 billion in the near future.

    Total trade between Malaysia and Indonesia has seen a declining trend to $14.31 billion in 2016 from $24 billion in 2013 amid the global economic crisis, as shown by data from Indonesia’s Trade Ministry.

    “Indonesia is huge, of course. It’s a very big market. […] The issue here is that there are some technical issues in regard to the acceptance of halal,” Abu Bakar Koyakutty, senior director of the market access and international partnership division at the Malaysia External Trade Development Corporation (Matrade), told The Jakarta Post on Tuesday.

    “There are different standards on halal. If we can resolve the issue, we see there’s a huge potential.”

    According to a 2016 study published by Salaam Gateway, a business intelligence platform that is a joint effort between the Dubai Islamic Economy Development Center and intelligence and research agency Thomson Reuters, one of problems facing halal regulatory standards globally is that there is no unified standard.

    For instance, it states there is a significant variance between the standards of the Department of Standards Malaysia (DSM) applied in Malaysia and the standards of the Emirates Authority for Standardization and Metrology (ESMA) applied in the United Arab Emirates.

    “The cost of gaining multiple certifications to satisfy the needs of different markets adds complexity and could prohibit entry, resulting in unmet demand for halal food among Muslim consumers,” said the report.

    The report also notes the slow and limited uptake of halal accreditation programs, the process in which a third neutral party validates the certification.

    Compounding that problem, halal accreditation bodies have yet to sign specific mutual recognition agreements for halal certification and there is no forum or framework to ensure peer review.

    Halal accreditors operate independently of each other at present and, often times, there is limited clarity on the jurisdiction of the accreditors.

    Meanwhile, the State of Global Islamic Economy Report 2016/2017 — by Thomson Reuters and research and advisory firm DinarStandard puts the size of Islamic economy at an estimated $3 trillion by 2021, rising from $1.9 trillion in 2015.

    In 2015, Muslims’ spending on food and beverages stood at $1.1 trillion and there was $415 billion estimated revenues from halal-certified food and beverage products.

  • Cloud boom fuels demand for identity-as-a-service

    Cloud boom fuels demand for identity-as-a-service

    The rising adoption of cloud computing, especially among small and medium organizations, is fueling demand for new identity and access management business models such as Identity as a Service (IDaaS), Frost & Sullivan said.

    IDaaS will strike a balance between on-premise and cloud identity management, as well as significantly lower the cost of ownership of IAM solutions.

    The research firm noted that IAM challenges are more business-centric than technology-centric. Segments such as administration, authentication and auditing are developing technologies to improve service accuracy and cost efficiency.

    Emerging services like Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) are contributing heavily to the growth of IAM technologies.

    “The shifting of enterprise solutions to the cloud has created a complex architecture that requires more advanced IAM solutions than the ones currently offered by traditional identity management vendors,” noted Frost & Sullivan TechVision Industry Analyst Swapnadeep Nayak.

    “The emergence of IDaaS has proven beneficial to enterprises, as it will assist with regulatory compliance, reduce the expenses involved in extending on-premise solutions to the cloud, and support the same features as enterprises’ legacy systems.”

    As most of the recent IT trends have been mobile centric, IAM solution providers need to ensure their innovations are mobile friendly to attract the attention of enterprises. Supporting cross-platform visualization and advanced analytics, as well as portable biometric technology, will give a huge boost to technology adoption rates.

    “Biometric authentication is a key area that is experiencing significant technology development, especially with regard to accuracy levels of validation and flexibility of usage,” noted Nayak. “Analytics is also growing rapidly due to the emergence of futuristic solutions like neural networks and machine learning.”

  • Big points for AirAsia’s animal shelter

    Big points for AirAsia’s animal shelter

    One  of the joys of coming home after a long day of work is to greet, and be greeted by, your pets. Seeing them jump in excitement, or brushing up against your legs, or demanding your attention is surely a mood booster that melts away the worst part of the day.

    For AirAsia staff, however, this joy and happiness awaits even before they get to their work stations. Waiting for them at RedQ, AirAsia’s headquarters in Sepang, Kuala Lumpur, are the four dogs they recently adopted and now consider as part of their work family.

    In fact, these dogs have occupied the area next to KLIA2 longer than most of the workers there. Every morning, with tails wagging, the dogs run up excitedly to the familiar faces, especially the ones they have formed a close bond with, and of course, those who come bearing doggie treats.

    “We found the dogs, when they were still puppies, at the construction site of RedQ. Even then, some of our staff members fed them and played with them. They let the dogs roam the area, and ensured that they didn’t harm themselves, or posed a threat to others. When we moved to RedQ last year, the dogs were still here, and there was talk of sending them to shelters,” says AirAsia People Department executive Ahmad Faizul Ahmad Rusli during an interview at RedQ.

    Airasia

    A group of animal-loving colleagues then decided to approach their boss, AirAsia group chief executive officer Tan Sri Tony Fernandes, with a plan that benefits the dogs and them.

    “They asked if they can keep the dogs, and I immediately said yes. The dogs literally grew up in RedQ. We should not just keep them, but build a proper home for them,” says Fernandes in a text message.

    Quickly, a taskforce dedicated for the caring of the animals was formed and interested staff members were encouraged to join. Around 10 people – the number increases by the day, by the way – pledged to care for the dogs. As a joke, they say that any work relating to the dogs starts only at 6.01pm, after working hours, so that it doesn’t interfere with their day-to-day operations.

    The first thing they did as a committee was to get licenses for the dogs from their local municipal council but found out that they weren’t issued to dogs staying in a company building. Faizul nevertheless says that they would apply again and find a way to get proper licenses for the dogs as they do not want them to be forcefully taken away.

    “We then came up with a blueprint for the dog shelter and found contractors to do the job. A corner of RedQ’s parking lot was then decided as the best and turned into a shelter that could fit the four dogs.

    “Besides that, we had to come up with a working plan that includes the cost of keeping the dogs. This should cover their food, medication, and other miscellaneous expenses,” explains AirAsia Government Relations head Vijaya Priya Ananthan.

    Airasia

    AirAsia DogQ’s committee members Kumaravel Subramaniam and Melissa Fok take turns to feed and walk the dogs.

    Once again, Fernandes proved his generosity when he offered to personally cover the expenses for the construction of the shelter – which he dubbed the DogQ – as well as pledged monetary support for the cause. Although they prefer not to disclose the exact amount that was given by Fernandes, they share that it costs approximately RM3,000 yearly to care for each dog.

    “We took them to the vet to have them spayed and get the necessary immunisation,” shares Faizul. Members of the DogQ committee also actively do their part by taking turns to purchase food and treats, and keep the dogs engaged with fun activities.

    “We feed and play with them, and the dogs follow some of us for after-work hiking sessions. Most of the time, they follow the security guards on their rounds. They really have formed a bond with them,” says Priya.

    Faizul adds: “We do have staff members who are afraid of dogs or who cannot interact with dogs, but they are not complaining. That’s because the dogs do not threaten them in any way, and everyone is just happy to go about their ways like they normally do.”

    Ahmad Faizul Ahmad Rusli (left) and Vijaya Priya Ananthan say that the DogQ project has brought together AirAsia staff members from different departments.

    Ahmad Faizul Ahmad Rusli (left) and Vijaya Priya Ananthan say that the DogQ project has brought together AirAsia staff members from different departments.

    The dogs have yet to be named, as the committee has decided to run a contest and let the big bosses pick the winning names.

    “The poor dogs are quite confused as each one of us has a nickname for them. But they still come to us when we call them,” says Faizul, with laugh.

    The dogs are undergoing obedience training and therefore can respond to simple commands. “We’re not training them to become commando dogs. We just want them to listen to us when we call them or tell them not to go somewhere,” adds Priya.

    Security is of utmost importance to the DogQ committee as they do not want the dogs to interfere with KLIA2’s operations nearby. The dogs are not allowed to roam beyond certain areas, and the ever-present security personnel keep an eye on the dogs to ensure that they do not wander into restricted sections.

    “They cannot enter the airport and the office building. Other than that, the dogs are free to go wherever they want. Their shelter will only be used when they are sick, or when they need to be isolated – like when we have big events with guests,” she further explains.

    Faizul would also like to avoid the misconception that the public can come and drop their unwanted animals at the shelter.

    The AirAsia DogQ committee members take it upon themselves to care for the four abandoned dogs that grew up within AirAsias headquarters compound in Sepang, KL.

    The AirAsia DogQ committee members take it upon themselves to care for the four abandoned dogs that grew up within AirAsias headquarters compound in Sepang, KL.

    “We are keeping just the four dogs. They are our dogs. We don’t plan to turn DogQ into a shelter – at least not yet – because firstly, we don’t have the expertise. But, under special circumstances, we would care for any animal that finds its way here and we will try to find a new home for them. We also have two cats that we’re taking care of right now, and we are trying to find people who would take them in,” says Faizul.

    AirAsia staff members are used to undertaking big and tough projects, but Faizul and Priya say that the DogQ is one that has united them all – bringing together people from different departments who otherwise wouldn’t have a reason to work together.

    “I always say that AirAsia is less of a company and more of a family. We are a company that looks after everyone – our guests, our staff and our partners. Now, we have four new ‘staff members’ to look after,” says Fernandes.

  • Indonesia turns it back on Vietnamese rice as crops at home flourish

    Indonesia turns it back on Vietnamese rice as crops at home flourish

    Indonesia’s rice imports from all destinations in 2017 are forecast to halve to 500,000 tons, based on USDA reports. Indonesia, the world’s fourth most populous country and a major buyer of Vietnamese rice, has not returned to Vietnam for new purchases this year, while its overall 2017 rice imports are forecast to halve to around 500,000 tons thanks to better domestic production, according to industry reports.

    Indonesia was among Vietnam’s 10 biggest rice buyers in the 2010-2016 period, with imports peaking at nearly 1.9 million tons in 2011, based on data from Vietnam’s agriculture ministry.

    But its purchases have been falling and Vietnam received no orders during the first two months of 2017, ministry data shows. Vietnam is the world’s third-biggest rice exporter after India and Thailand.

    Indonesia is forecast to import 500,000 tons of rice this year, down 50 percent from 2016, as domestic milled rice output edges up 2.6 percent to 37.15 million tons “due to increased area harvested”, a U.S. Department of Agriculture attache said in a March 30 report.

    The report said increased cropping intensity and new land will help expand the harvested area this year to 12.24 million hectares (30.25 million acres), 1.2 percent above 2016 when Indonesia experienced a weak to moderate La Nina weather phenomenon.

    Given more use of high-yielding varieties, the report forecasts Indonesia’s output next year will rise further to 37.4 million tons, leaving the country’s rice imports unchanged.

    The forecasts pose a challenge to Vietnam’s rice exports in 2017, with shipments in the first quarter already dropping 24 percent from a year ago to 1.2 million tons, a two-year low, the government has said.

    Hanoi maintains forecasts of a modest rice export volume for 2017, anticipating 5 million tons to be shipped, due in part to expected higher demand from top buyer China. Last year, Vietnam’s rice exports fell to 4.8 million tons, the lowest since 2008.

    Malaysia, another key buyer of Vietnamese rice, is forecast to import 950,000 tons of the grain this year, unchanged from 2016, said a USDA report dated March 27. Last year, the country was Vietnam’s 5th biggest rice buyer, after China, Ghana, the Philippines and Indonesia.

    The average export price of Vietnam’s 5-percent broken rice eased 2 percent in the first quarter ending March from a year ago to $344 a ton, free-on-board basis, and that on Thailand’s 5-percent broken rice also eased the same pace in the same period to $372 a ton, the U.N. Food and Agriculture Organization said.

    Unseasonal rain in the past week has disrupted the harvest of the Mekong Delta’s winter-spring crop, and quotations edged up slightly even though buying demand remains thin, traders said. The 5 percent broken rice advanced to $355 a ton this week from $347-$350 last Thursday.

    Output of the crop, the biggest among the Delta’s three crops grown a year, is projected to drop 1.3 percent from last year to around 10 million tons of paddy, the agriculture ministry has said.

  • China Unicom parent seeks private investment

    China Unicom parent seeks private investment

    China Unicom’s parent company China United Network Communications plans to open up to private investors in response to government pressure to reform the ownership structure and competitiveness of the market’s big three operators.

    The company plans to welcome in a strategic private sector investor as part of a pilot designed to evaluate having subsidiary China Unicom operate more like a private company.

    China Unicom itself is listed on the Hong Kong stock exchange along with rivals China Mobile and China Telecom, but China United Network Communications owns a controlling 75.9% stake in the company.

    As the least profitable of China’s big three operators – Unicom reported a 94.1% slump in net profit for 2016 – the government has selected Unicom to pilot the mixed ownership reform model.

    The operator has already taken steps towards becoming a leaner, more competitive company. Unicom cut its planned capex budget to 45 billion yuan ($6.52 billion), from 72.1 billion yuan last year, to ensure it has the resources needed to fund its 5G rollout once the technology launches.

    The pilot of a mixed ownership model forms part of the government’s wider plans for state-owned enterprise reform. The government has previously announced that substantial reforms will be needed across seven industries including the telecoms sector.

  • Trai cracks down on Jio’s free service offers

    Trai cracks down on Jio’s free service offers

    Indian telecoms regulator Trai has finally ordered an end to disruptive new operator Reliance Jio Infocomm’s practice of offering free services to customers as promotional exercises.

    The regulator has instructed Jio to withdraw its Summer Surprise offer, which would have entitled new customers to three months of free services upon making their first recharge payment of at least 303 rupees ($4.70).

    The regulator has declared that the offer does not fit with India’s regulatory framework covering promotions, which places limits on the duration that discounts can be offered.

    Jio has announced it will comply fully with the order, but that customers who have already signed up for the offer will remain eligible.

    Jio’s latest offer follows an initial promotion providing completely free services that had run for three months, and was subsequently expanded for a further three. This aggressive strategy helped the operator sign up over 100 million customers  in less than six months of commercial operation.

    Rival operators had objected to the offer extension, but Jio had insisted that the second offer represented an entirely new promotion and so did not violate the regulations limiting promotions. At the time, Trai sided with Jio, but this latest decision indicates that the regulator’s patience is wearing thin.

  • CVS Pharmacy introducing Korean beauty range

    CVS Pharmacy introducing Korean beauty range

    CVS Pharmacy is introducing Korean beauty products to the US, launching its K-Beauty HQ concept at 2100 stores across the nation.

    In one of the largest Korean beauty initiatives globally, more than 100 products – some exclusive to CVS – are being rolled out from this month in a partnership with Korean beauty expert Alicia Yoon, founder of e-retailer Peach & Lily.

    CVS VP of merchandising for beauty and personal care Alex Perez-Tenessa says the curated selection features innovative products including masks, skincare regimens, “whimsical” cosmetics and innovative ingredients such as egg oil and snail mucin.

    “While Korean beauty has been steadily growing in popularity, there are still so many people who cannot easily access the products,” says Yoon. “CVS Pharmacy’s focus on health and beauty is at the core of Korean beauty ideals.”

    Yoon will also launch her Peach Slices beauty brand exclusively at CVS Pharmacy. It includes nine K-beauty products with natural ingredients like honey and yuzu, and natural cotton masks without chemicals, dyes, alcohol, parabens or sulfates.

    K-beauty brands available for the first time in the US at CVS Pharmacy include waterless fruit-based Frudia skincare, Elisha Coy with naturally derived ingredients to help replenish skin moisture and support cell regeneration, pore-focussed JJYoung by Caolion Lab, and Ariul Egg Collection to help reduce inflammation, boost elasticity and fight free radicals.

    Other brands include Ariul mask, Saem natural products, and the Holika collection with its Sanrio-inspired Gudetama peeling gels.

    As well as stores, K-Beauty HQ products will be available online.

  • Fashion retailer Jaeger reportedly on brink of collapse

    Fashion retailer Jaeger reportedly on brink of collapse

    Century-old UK fashion retailer Jaeger is reportedly on the brink of entering administration.

    The 25-store strong chain was recently sold by private equity company Better Capital to an unidentified buyer, but according to a report in the Sunday Times, the business is believed to be beyond repair.

    Better Capital paid £19.5 million for Jaeger in 2012, but the business has not been profitable since.

    Jaeger received a royal warrant in 1910 and in its heyday, its fashion models included Audrey Hepburn and Marilyn Monroe. But the business entered a decline in the 1980s, overtaken by more popular brands from Europe.

    The Sunday Times reported the mystery buyer was Edinburgh Woollen Mill, which has a track record of buying distressed retail businesses and turning them around.

    “Edinburgh Woollen Mill has a history of buying troubled retailers and turning them around, and it’s one of the more credible bidders for Jaeger,” an unnamed source told the Press Association.

  • King Power Group plans THB10 billion expansion

    King Power Group plans THB10 billion expansion

    Thai duty-free giant King Power Group plans to spend THB10 billion (US$290.4 million) for business expansion over the next five years.

    CEO Aiyawatt Srivaddhanaprabha says the budget will be used to open five branches in Thailand and overseas, bringing its total to 14 by 2021. The stores are planned for downtown in major tourist destinations, with Chiang Mai one location being considered.

    The group will also join the bidding for a duty-free shop concession at U-Tapao International Airport, which serves Pattaya and Rayong.

    King Power is also studying opportunities to open and manage duty-free shops at such Asean airports as Myanmar and the Philippines.

    “King Power is set to become a top-five duty-free chain within five years,” says Srivaddhanaprabha. “Expansion both overseas and domestically will help grow our sales by 20 per cent to reach 130 to 140 billion baht in five years, on a par with leading duty-free brands in the US.”

    The company is the world’s seventh-largest duty-free chain, with its sales of THB75 billion last year missing its target by THB11 billion because of weak spending by Thai tourists and a drop in Chinese tourists. Tourists from China, Thailand and other Asean countries contributed about 75 per cent of its total sales last year, and the group is aiming for sales of THB92 billion this year.

    “Chinese tourists have rebounded, but are not back to normal yet,” says Srivaddhanaprabha.

    King Power will allocate THB400-500 million to promote its business this year, and has already pegged THB100 million to place its logo on three Thai AirAsia (TAA) jets and put advertising inside more than 40 TAA aircraft. The group hopes the tactic will raise the number of shoppers at its branches by 20 per cent this year.

    Meanwhile, King Power is ready to bid for a new licence to run a duty-free shop at Bangkok’s Suvarnabhumi airport when its present licence expires in 2020.

    It will also allocate about THB2.5 billion to renovate its Rangnam branch in Bangkok, which will be closed for renovation from next month.

  • Louis Vuitton Changi duplex to open in January 2018

    Louis Vuitton Changi duplex to open in January 2018

    Louis Vuitton is to open a two storey store at Singapore’s Changi Airport – its first passenger terminal duplex in the world.

    The Louis Vuitton Changi store is scheduled to open in January 2018 as the centrepiece of a new garden in Terminal 3’s departure transit hall.

    Designed as a glasshouse it will be built in the centre of the planned Crystal Garden, which Changi management say is “inspired by artistic floral centrepieces” and a new space “chicly adorned with tiered garden beds featuring a curated selection of flora and spheres of artisan glass sculptures”.

    The 530 sqm Louis Vuitton Changi store will be first the airport store in Asia Pacific to be directly managed by the French luxury retail group and feature a tailored product mix suited to travellers.

    Michael Burke, chairman and CEO of Louis Vuitton, says his company had waited for “the perfect moment” and “the perfect place” to open the new store at Changi Airport.

    “Louis Vuitton is a brand intrinsically related to the history of modern travel. Given the right place and the right timing, it was more than natural for Louis Vuitton to create a space inside Singapore Changi Airport, dedicated to modern travelers.”

    Since it opened in 1981, Changi Airport has pioneered the concept of airport gardens, now well-loved among travellers.

    “This is the first time Changi is integrating a feature garden with a retail store – a testament to how the airport constantly strives to rejuvenate its award-winning amenities and offerings to enhance the Changi Experience.”

    Changi Airport Group CEO Lee Seow Hiang says Louis Vuitton shares the airport company’s vision to redefine the future of luxury retail in an airport.

    “The revolutionary duplex store, set amidst an elegant Crystal Garden, will become a distinctive attraction for passengers who fly through Changi Airport, and we look forward to embarking on an exciting journey of discovery with them when the store opens.”