Retail News CRM

Author: Mei Ling Tan

  • Vietnam’s Stock Market Blazes into 2026: Skyrockets to Historical Highs in Opening Sessions

    Vietnam’s Stock Market Blazes into 2026: Skyrockets to Historical Highs in Opening Sessions

    The Vietnam stock market began the year on a high note, setting two new historic peaks within the first two trading sessions. The VN-Index, Vietnam’s benchmark stock index, closed at a record-breaking 1,788 points on Monday and escalated a further 1.56% to a fresh peak of 1,816 points on Tuesday. After closing the previous year 40% higher, it now ranks as the tenth best-performing stock index globally.

    The Ho Chi Minh Stock Exchange, the basis for the VN-Index, experienced a 6% gain in trading on Tuesday, reaching VND27.45 trillion (US$1.04 billion).

    On the other hand, the VN30 basket, which consists of the thirty largest capped stocks, saw 23 stock tickers rising. Leading the way was GAS, a state-owned Petrovietnam Gas, with a 7% increase, closely followed by property titan Vinhomes’ VHM, which climbed 6.9%.

    Fuel distributor Petrolimex’s PLX finished 6.7% higher, while MB’s MBB, a lending company, rose by 5.1%.

    However, two prominent stocks experienced a decline. Duc Giang Chemicals Group’s DGC dropped 3.8%, while Sacombank’s STB, a lender based in Ho Chi Minh City, fell by 2.1%.

    Foreign investors mainly sold off stocks of the private conglomerate Vingroup’s VIC and VHM, resulting in net sales of approximately VND387 billion.

    Meanwhile, the HNX-Index for stocks on the Hanoi Stock Exchange, which primarily consists of mid and small-cap stocks, fell by 0.09%. The UPCoM-Index for Unlisted Public Companies Market also experienced a drop, declining by 0.39%.

    Questions & Answers

    What were the new historic peaks for the Vietnam stock market at the beginning of the year?

    The VN-Index, Vietnam’s benchmark stock index, closed at a record-breaking 1,788 points on Monday and escalated a further 1.56% to a new peak of 1,816 points on Tuesday.

    Which were the top-performing stocks in the VN30 basket?

    Leading the way was GAS of state-owned Petrovietnam Gas with a 7% increase, followed closely by property giant Vinhomes’ VHM, which climbed 6.9%.

    Which stocks did foreign investors predominantly sell off?

    Foreign investors mainly sold off stocks of the private conglomerate, Vingroup’s VIC and VHM, resulting in net sales of approximately VND387 billion.

  • Chinese Firms Reign Supreme in APAC Investment Banking: Rapid IPO Rise and Offshore Bonds Fuel 2025 Success

    Chinese Firms Reign Supreme in APAC Investment Banking: Rapid IPO Rise and Offshore Bonds Fuel 2025 Success

    In 2025, prominent positions in Asian investment banking fee generation were predominantly filled by Chinese corporations, spearheaded by a surge in offshore bond issues and a remarkable initial public offering (IPO) boom in Hong Kong.

    Leading Positions Dominated By Chinese Companies

    Citic Securities, based in Beijing, took the lead in investment banking fees generated in the Asia Pacific region (excluding Japan) for 2025, raking in $1.45 billion. This figure represented a 5.8 percent share of the total fees generated across the region. Citic Securities was trailed in the ranking by fellow Chinese counterparts, including China Securities, Bank of China, China International Capital, and Guotai Haitong Securities. Notably, Morgan Stanley, headquartered in New York, filled the sixth slot.

    Chinese investment banks asserted their dominance throughout the industry’s regional positions. This success was largely credited to their robust performance in issuing yuan-denominated dim sum bonds and in orchestrating mainland listings in Hong Kong.

    The Global Market Share

    In a broader perspective, investment banking fees across the Asia Pacific region witnessed a 19 percent year-on-year increase in 2025, amassing a total of $24.9 billion. This accounts for 18 percent of the global total fees earned, in contrast to 55 percent from the Americas and 21 percent from Europe.

    The investment banking fees referenced in this report encompass a range of activities including equity capital markets, debt capital markets, mergers and acquisitions (M&A) advisory, and syndicated lending services.

    Questions & Answers

    Who was the leading generator of investment banking fees in the Asia Pacific region in 2025?
    Beijing-based Citic Securities led the pack in 2025, generating $1.45 billion in investment banking fees.

    What factors contributed to the success of Chinese investment banks in 2025?
    Chinese investment banks benefitted significantly from strong performances in the issuance of yuan-denominated dim sum bonds and mainland listings in Hong Kong.

    How much of the global total of investment banking fees did the Asia Pacific region account for in 2025?
    In 2025, the Asia Pacific region accounted for 18 percent of the total global investment banking fees.

  • Alexander Wong: From Credit Suisse to Citi – Shaping Investment Banking in Asia

    Alexander Wong: From Credit Suisse to Citi – Shaping Investment Banking in Asia

    In a recent development, Alexander Wong, ex-managing director of the now-inoperative Credit Suisse, has taken up a new role at Citi’s investment banking division in Asia.

    Alexander Wong Joins Citi’s Investment Banking Division

    Citi has officially announced the appointment of Alexander Wong as their new Managing Director for the investment banking sector. His primary responsibilities in this role will involve bolstering senior coverage within the industrials and mobility sector across the Asia Pacific region.

    Wong brings a wealth of experience and industry knowledge to his new role at Citi. His strategic thinking and leadership skills will be crucial in driving the growth and development of Citi’s investment banking division.

    Reporting to Lei Li

    In his capacity as the managing director, Wong will report directly to Lei Li, who is the APAC head of industrials for the investment banking division. Wong’s appointment is expected to significantly contribute to the strategic expansion and growth of the industrials and mobility sector in the Asia Pacific region.

    Past Experience at Credit Suisse

    Before taking up his new role at Citi, Wong served as a managing director at Credit Suisse. He was instrumental in managing and developing the mobility and industrial technology sectors in his previous role. His past experience and achievements in the industry are expected to contribute significantly to his success at Citi.

    Questions & Answers

    What is Alexander Wong’s new role at Citi?
    Alexander Wong has been appointed as the new Managing Director for the investment banking division at Citi. His role will primarily focus on enhancing senior coverage in the industrials and mobility sector across the Asia Pacific region.

    Who will Alexander Wong report to at Citi?
    In his role as Managing Director, Alexander Wong will directly report to Lei Li, the APAC head of industrials for the investment banking division.

    What was Alexander Wong’s role at Credit Suisse?
    Prior to his role at Citi, Alexander Wong served as a Managing Director at Credit Suisse, where he was responsible for managing the mobility and industrial technology sectors.

  • Yirong Wee Ascends to CEO Role at PROPEL: Singlife’s One-Stop Service Center Celebrates Year of Success

    Yirong Wee Ascends to CEO Role at PROPEL: Singlife’s One-Stop Service Center Celebrates Year of Success

    Insurer Singlife’s comprehensive shared service center, PROPEL, has announced a change in leadership one year after its inception. Yirong Wee has assumed the role of chief executive officer (CEO), succeeding Steven Ong, who will spearhead a new business venture within Singlife, starting 2026.

    A Wealth of Experience

    Yirong Wee brings to the table an impressive 18-year track record in financial services, operations, and distribution strategy. Prior to her appointment as CEO, Wee held the position of chief operating officer (COO) of group distribution at Singlife. Her experience also extends to her role as COO at GROW with Singlife, an integrated investment solutions platform for financial advisor representatives.

    About PROPEL

    PROPEL is an all-inclusive shared service center designed for financial advisory firms under the Singlife group. Since its inauguration in January 2025, it has successfully recruited over 1,300 financial advisor representatives.

    Questions & Answers

    What is the function of PROPEL?
    PROPEL is a comprehensive shared service center for financial advisory firms under the Singlife group.

    Who is the new CEO of PROPEL?
    Yirong Wee has been appointed as the new CEO of PROPEL.

    What will the ex-CEO of PROPEL, Steven Ong, be doing in the future?
    Steven Ong will be leading a new business initiative within Singlife from 2026.

  • Former Bank of Singapore Executive Joins Standard Chartered to Helm New Greater China Team

    Former Bank of Singapore Executive Joins Standard Chartered to Helm New Greater China Team

    In the latest series of industry movements, Hu Hong, previously an executive at the Bank of Singapore, has migrated to Standard Chartered. At Standard Chartered, his new role involves the development and expansion of a team dedicated to the Greater China market.

    A New Role at Standard Chartered

    Standard Chartered’s Global Private Bank has welcomed Hu Hong to their team as a group market head. His primary responsibility will be to build and expand a new team dedicated to the Greater China region, based in Singapore. According to an official statement, Hu will report directly to Foo Tian Ong, who is the regional head for Southeast Asia and also the Singapore location head for Standard Chartered’s Global Private Bank.

    A Wealth of Experience

    Hu brings a wealth of experience to his new role at Standard Chartered. He is an established figure in private banking, with a significant track record in covering the Greater China markets. During his stint at the Bank of Singapore, Hu demonstrated impressive leadership skills as he managed three market heads as well as a team of 100 frontline staff members.

    Questions & Answers

    Who has recently joined Standard Chartered’s Global Private Bank?
    Hu Hong, a former executive at the Bank of Singapore, has joined Standard Chartered’s Global Private Bank as a group market head.

    What will be Hu Hong’s primary responsibility at Standard Chartered?
    Hu Hong will be primarily responsible for the development and expansion of a team that focuses on the Greater China region.

    Who will Hu Hong report to in his new role at Standard Chartered?
    In his new role at Standard Chartered, Hu Hong will report directly to Foo Tian Ong, the regional head for Southeast Asia and the Singapore location head for the Global Private Bank.

  • UBS’s Bold Leadership Move to Unlock Post-Integration Value in 2026: Beatriz Martin at the Helm

    UBS is on the verge of a critical phase in its historic integration with Credit Suisse, signified by a strategic leadership change. Since the beginning of 2026, Beatriz Martin has assumed the role of Group Chief Operating Officer, alongside her new responsibility for Group Technology. This move underscores UBS’s focused efforts to enhance execution as the bank nears what is believed by management to be the final stage of the integration process.

    Operational Challenges During Integration

    Credit Suisse’s integration has been more about systems than branding. The greatest hurdles have been complex IT migrations, legacy platform shutdowns, and seamless data transfers. By placing operational control and technological execution under one executive, UBS aims to minimize delays, shorten decision-making time, and speed up problem-solving, particularly in areas where delays could prove costly.

    Industry experts perceive this consolidation of responsibilities as a practical solution to integration risk. Misalignment between operations and IT is a frequent cause of cost overruns and operational incidents during large-scale bank mergers, and UBS seems committed to evading this pitfall.

    The Shift from Consolidation to Performance

    2026 is not just another year for UBS. It signifies the final full year of integration work and, importantly, the point at which the bank expects to fully capitalize on the synergies from the Credit Suisse acquisition. The narrative has shifted from consolidation to performance, a transition eagerly anticipated by investors.

    Thus, Beatriz Martin has a clearly defined mandate: finish the remaining system migrations, decommission obsolete infrastructure, and do so without disrupting routine banking operations. The risk is high but so is the potential reward.

    Cost Discipline and Job Reductions

    Alongside the leadership change, UBS is demonstrating its focus on cost control with another round of job cuts set for mid-January. Although these cuts may be socially and politically sensitive, the markets typically regard them as indications of management’s dedication to efficiency and enhancing margins.

    The timing of these cost reductions is crucial from an investor’s perspective. Implementing these changes before the final integration phase increases the likelihood that synergy benefits will translate into enhanced profitability rather than being consumed by residual restructuring costs.

    Equity Markets’ Reaction

    UBS shares are trading near their 52-week high of 47.27 dollars, signaling growing confidence that the most severe integration costs are behind the bank. The stock rally towards the end of 2025 implies that investors anticipate a noticeable improvement in earnings power from the latter half of 2026.

    The prospect of a structurally lower cost base after years of substantial restructuring costs is becoming a reality. The current market valuation suggests that investors expect the management to deliver and will not easily tolerate execution errors.

    Moving Towards Measurable Results

    By consolidating operational and technological control under Beatriz Martin, UBS is sending a clear message: 2026 is the year of results, not excuses. After a groundbreaking merger and years of internal consolidation, the bank is positioning itself to transform scale and synergies into sustainable returns.

    The message to financially astute investors is clear – the bank’s performance in the next twelve months will shape the post-merger UBS.

    Questions & Answers

    What is the role of Beatriz Martin in UBS’s integration with Credit Suisse?
    Martin, as the Group Chief Operating Officer, is responsible for overseeing operational control and technological execution, critical components of the integration process.

    What do the proposed job cuts at UBS signify?
    Though potentially sensitive socially and politically, these cuts are viewed by markets as evidence of UBS’s commitment to efficiency and margin improvement.

    What is the significance of 2026 for UBS?
    2026 denotes the final full year of the integration process and the point at which UBS aims to fully capitalize on the synergies from the Credit Suisse acquisition. The bank’s narrative has shifted from consolidation to performance during this year.

  • 2026 Health Sector Boom: Five Key Drivers Powering a Robust Year in Healthcare

    2026 Health Sector Boom: Five Key Drivers Powering a Robust Year in Healthcare

    The healthcare industry is entering the new year with a strong momentum, backed by increased transparency surrounding government healthcare policies and a surge of investor interest. The sector’s future earnings prospects are on the rise, spurred by a robust innovation pipeline and the emergence of new market segments. Despite this, healthcare stocks continue to trade at a discount relative to the global market, creating a re-evaluation underway that is accelerating. At present levels, there are still appealing opportunities for increasing exposure to the healthcare sector.

    Five Key Developments Driving the Sector’s Momentum

    The sector’s momentum is being bolstered by five key developments:

    Firstly, policy clarity is attracting investors back to the sector. The pricing agreement reached between the US administration and Pfizer in September, and subsequent agreements with Eli Lilly and Novo Nordisk in November, marked a significant turning point. These developments have resulted in a predictable framework for drug pricing and reimbursement policies, thereby reducing uncertainty and improving planning visibility. Reaction from investors was swift, with healthcare emerging as one of the strongest global stock market performers this quarter, attracting an additional $8 billion in capital to healthcare ETFs worldwide in just three months.

    Secondly, a re-evaluation process has begun, with further potential for catch-up. Healthcare valuations are moving back towards historical averages, but the sector is still valued approximately 13% lower than global stocks. The future looks bright for healthcare companies, with average profit growth predictions for biopharmaceuticals and life science tools between 2024 and 2027 standing at approximately 15%, more than double the historical growth rate of about 7% per year.

    Thirdly, the biopharma sector is set to benefit from formidable growth drivers and high M&A capacity. Looking ahead to 2026, this sector stands to gain from various structural trends such as new oncology treatment classifications, advances in obesity and diabetes treatments, and therapeutic innovations in cardiovascular care.

    Fourthly, the medical technology sector continues to be a key growth driver, spurred by high demand in established markets and the emergence of new billion-dollar niches. Markets such as robot-assisted surgical systems, glucose monitoring devices, and structural heart disease treatment continue to register double-digit growth rates.

    Lastly, emerging markets are boosting their innovation capabilities and market clout. These markets are steadily transforming into innovation powerhouses in their own right. China, for instance, is transitioning from an out-licensing partner to a global pharmaceutical player, while India’s rapidly growing middle class and substantial government healthcare infrastructure spending stand out as growth engines.

    Conclusion

    Entering 2026, the healthcare sector is backed by strong structural growth drivers and improved earnings visibility. Innovation continues to be key, supported by robust pipelines, new therapy platforms, and tech-enhanced solutions. However, the sector’s performance disparity, as measured by the MSCI World Healthcare Index, is also noteworthy, with a performance gap of +72% and -38% between the best and worst-performing stocks in the first half of 2025.

    After a recent period of policy uncertainty, the healthcare sector is back in its historical position of innovation, growth, and high operational visibility, a position from which it has consistently delivered tangible value.

    Questions & Answers

    What has attracted investors back to the healthcare sector?
    Investors are being drawn back to the healthcare sector due to increased policy clarity, including agreements on drug pricing and reimbursement policies between the US administration and pharmaceutical companies.

    What are some key growth drivers for the biopharma sector looking ahead to 2026?
    Key growth drivers for the biopharma sector include new classifications of oncology treatments, advancements in obesity and diabetes treatments, and therapeutic innovations in cardiovascular care.

    How are emerging markets contributing to the growth of the healthcare sector?
    Emerging markets like China and India are increasingly becoming innovation powerhouses in their own right. China is transitioning from an out-licensing partner to a global pharmaceutical player, while India’s growing middle class and substantial government spending on healthcare infrastructure are key growth drivers.

  • Globe and NCS Seal PHP 1.73B Joint Venture, Boosting Yondu’s Digital Services Capability in Asia Pacific

    Globe and NCS Seal PHP 1.73B Joint Venture, Boosting Yondu’s Digital Services Capability in Asia Pacific

    Globe Telecom Inc. has finalized its business arrangement with Singapore-based company, NCS Pte. Ltd., through their joint venture with Yondu Inc., valued at PHP 1.73 billion. This venture was first established on March 26, 2025, and was made public in a disclosure to the Philippine Stock Exchange by Globe.

    The Deal

    NCS, through its subsidiary NCSI Holdings Pte. Ltd, now holds a 51% majority stake in Yondu, leaving Globe with the remaining 49% shares. Concurrently, NCSI Philippines Inc. was acquired by Yondu from NCSI, making it a wholly-owned subsidiary. Yondu will be rebranded as NCS Philippines.

    Globe’s third-quarter financial report indicates the joint venture’s value sits at about PHP 1.73 billion, encompassing PHP 349.06 million in cash and cash equivalents. This figure is a 7.5% decrease from the initial estimate of PHP 1.87 billion in March 2023.

    Impact of The Joint Venture

    Post the completion of the joint venture, Globe’s President and CEO, Carl Raymond Cruz, expressed confidence in Yondu’s enhanced capability to offer superior solutions to customers. Cruz highlighted that the partnership will facilitate service expansion and help reach more customers across the Asia Pacific, leveraging NCS’s regional presence and partner networks.

    Yondu, functioning as Globe’s information and communications technology division, specializes in wireless products and digital services for clients. It concentrates on custom software development, managed security, e-commerce solutions, cloud services, and pre-built platforms. Joint venture partner NCS, owned by Singtel, views this venture as a crucial step in its regional expansion strategy.

    NCS’s CEO, Ng Kuo Pin, anticipates that the expanded team will enhance the company’s digital, cloud, and data services, including those employing artificial intelligence. The team’s size is expected to increase from roughly 150 employees last year to over 1,200.

    Expected Benefits

    In addition to regional expansion, Juan Carlo Puno, Globe’s Chief Finance Officer, stated that the joint venture will ensure more efficient capital use and provide consistent revenue growth support. He emphasized that the venture’s key objective is to create a platform with financial resilience that can deliver long-term shareholder value while ensuring investment capability for next-generation ICT solutions.

    From January to September 2025, Yondu’s non-telecom revenues were reported at PHP 1.7 billion by Globe, showing a 4% decrease from PHP 1.81 billion during the same months of 2024. During this same period, Globe’s total gross service revenues stood at PHP 121.7 billion, with net income falling to PHP 17.7 billion.

    Questions & Answers

    What is the objective of the joint venture between Globe Telecom and NCS?
    The joint venture aims to enhance Yondu’s ability to offer superior solutions to its customers and to expand services across the Asia Pacific region.

    How will the joint venture impact Yondu?
    Yondu will now become a wholly-owned subsidiary called NCS Philippines, and its workforce is expected to grow from about 150 employees to over 1,200.

    What financial impact is expected from this partnership?
    The partnership is anticipated to facilitate more efficient capital utilization, support consistent revenue growth, and offer long-term value to shareholders.

  • Singtel Pioneers Singapore’s First 50 Gbps Fiber Broadband Trial, Ushering in New Era of Ultra-High-Speed Connectivity

    Singtel Pioneers Singapore’s First 50 Gbps Fiber Broadband Trial, Ushering in New Era of Ultra-High-Speed Connectivity

    Singapore’s premier telecommunications company, Singtel, has initiated the country’s inaugural 50 Gbps fiber broadband technical trial. The aim of this groundbreaking move is to fortify the fixed connectivity infrastructure of the country, which is crucial for the delivery of emerging data-intensive digital amenities propelled by Artificial Intelligence (AI).

    Exploring the Potential of Next-Gen Technology

    This technical trial employs the cutting-edge XGS-PON-based fiber technology, which is capable of facilitating speeds of up to 50 Gbps. The trial has been conceptualised keeping in mind the anticipated use cases of the imminent future, such as ultra-realistic Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR), AI-powered smart homes, high-performance remote working setups, and cloud gaming. Singtel’s objective with this initiative is to prepare both residential and commercial customers for the smooth adoption of novel technologies as they become mainstream over the next three to five years.

    Through this trial, Singtel aims to assess the network performance and capabilities needed to support the increasing complexity of multi-device environments driven by AI. Singtel maintains that the trial is a significant milestone towards the future large-scale rollout of ultra-high-speed fiber broadband for diverse users, both residential and commercial.

    Preparing for a Digital Future

    Ng Tian Chong, Singtel Singapore’s CEO, emphasised that digital technologies are already a part of everyday life in Singapore, with near-universal internet access, high device ownership, and extensive use of digital services for work, learning, and entertainment. The next leap in fiber broadband connectivity, he said, will ensure that homes and businesses can keep up with increasingly immersive and AI-enabled digital experiences.

    Singtel insists that its early adoption of the 50 Gbps fiber technology places Singapore at the vanguard of next-generation broadband innovation. This aligns with the nation’s Digital Connectivity Blueprint, which prioritises the construction of a robust and future-ready digital infrastructure.

    Enabling Advanced Applications

    The 50 Gbps trial facilitates a new grade of whole-home, multi-gigabit connectivity. Singtel believes this will support ultra-high-definition entertainment, including 8K and future 12K video streaming, high-quality AR, VR, and XR experiences, and low-latency cloud gaming and cloud PCs. The technology also caters to data-heavy workflows for home-based businesses and professionals, including engineering simulations and secure enterprise-level remote connectivity.

    Moreover, the ultra-high-speed broadband is anticipated to enable advanced telemedicine and remote diagnostics, such as real-time medical imaging transmission, VR-based physiotherapy, and connected at-home medical devices. AI-driven smart homes will reap the benefits of real-time analytics across security cameras, IoT appliances, and autonomous devices. It also provides a solid foundation for next-generation Wi-Fi, dense IoT ecosystems, and emerging AI-generated entertainment formats.

    Questions & Answers

    What is the purpose of Singtel’s technical trial?

    The purpose of the technical trial is to assess the network performance and capabilities needed to support the increasingly complex multi-device environments enabled by AI. It also aims to prepare residential and commercial customers for the smooth adoption of novel technologies as they become mainstream.

    How will the 50 Gbps fiber broadband technology benefit homes and businesses?

    The technology will support ultra-high-definition entertainment, low-latency cloud gaming, high-quality AR, VR, and XR experiences, and data-heavy workflows for home-based businesses and professionals. It will also enable advanced telemedicine and remote diagnostics, as well as provide real-time analytics for AI-powered smart homes.

    How does this initiative align with Singapore’s nationwide digital strategy?

    The trial aligns with Singapore’s Digital Connectivity Blueprint, which focuses on building a robust and future-ready digital infrastructure. By positioning Singapore at the forefront of next-generation broadband innovation, it is helping prepare the nation for a rapidly evolving digital future.

  • Tupperware Makes a Retail Return to Singapore

    Tupperware Makes a Retail Return to Singapore

    The kitchen icon that revolutionised food storage is making a return to the heart of Singaporean homes. Fackelmann Housewares, the exclusive distributor in Singapore, is proud to announce the official retail launch of Tupperware®, bringing the “True Original” back to consumers through a modern retail model.

    For decades, Tupperware was available primarily through direct sales. This new partnership with Fackelmann marks a strategic shift, making the brand’s comprehensive range of innovative, sustainable, and nostalgic products more accessible than ever before via major department stores and digital platforms.

    “Generations of Singaporeans have grown up with the satisfying snap of a Tupperware seal—a sound synonymous with freshness and quality,” says Wendy Tan, Commercial Manager, Fackelmann Singapore. “By bringing Tupperware to retail shelves, we are reviving a heritage of ingenious design and practical function for a new wave of eco-conscious families who value the ‘Buy Once, Love for Life’ ethos.”

    Masterful Design for Modern Living

    The Tupperware legacy is rooted in practical innovation. In the 1940s, chemist Earl Tupper transformed food preservation by adapting the concept behind airtight seal of paint cans for the home, a breakthrough designed to help families reduce food waste during the post-depression and wartime era. This led to the creation of the iconic Wonderlier® Bowl, a product that redefined kitchen habits and set a new global standard for food storage. Today, Tupperware stands as a trusted household name and a global cultural icon, recognised by Euromonitor as the world’s #1 brand in the category (2022).

    The new Singapore collection, curated by Fackelmann, bridges the gap between mid-century nostalgia and 21st-century material science.

    Solutions for Everyday Needs: Product Highlights

    The launch features Tupperware’s most beloved lines, specifically selected to bring seamless organisation and effortless harmony to modern urban living:

    * Pantry Perfection (Modular Bowl Sets): Engineered to maximise vertical space in Singapore’s urban homes, this stackable system transforms pantry storage into an organised masterpiece. These airtight, modular containers ensure staples like flour, rice, and snacks remain fresh and protected. With clear, built-in windows for instant identification, the collection eliminates cabinet clutter and brings effortless efficiency to everyday meal prep.

    * Freshness First (Freezable Container Sets): Tailored for the rigours of the modern freezer, these high-performance containers are crafted from a premium, flexible material, they adapt effortlessly to food expansion during freezing and remain crack-resistant at temperatures as low as -25°C. The flexible material ensures easy unmoulding, keeping your ingredients in pristine condition.

    * The Heritage Collection (Wonderlier® & Servalier Bowls): Reimagined in a dreamy new pastel palette, these global bestsellers return to celebrate a legacy of excellence dating back to 1946. Merging vintage charm with modern durability, the collection features scratch-resistant interiors and the signature “instant seal” technology. By simply pressing the centre of the lid, users can lock in freshness and flavour with a single touch—a testament to the fact that truly iconic design is timeless.

    * Sustainable Living On-the-Go: Committed to a greener future, the collection introduces the Eco Bottle series—a range of durable, leak-proof, and stylish vessels designed to eliminate single-use plastics. For the modern professional, the Microwave series offers a sophisticated solution for healthy, homemade lunches. These microwave-safe bowls feature a specialised steam-vent valve to regulate pressure and a secure, leak-proof seal that prevents splatters, ensuring a seamless and refined dining experience in any workspace.

    Tupperware products are now available online at Metro web site and TikTok shop, and will be available at major departmental stores including Isetan, OG, Metro, Takashimaya and Tangs in the coming months.

  • “Wings for Leaders”: Vietjet’s SkyBoss returns with a refined premium travel experience

    “Wings for Leaders”: Vietjet’s SkyBoss returns with a refined premium travel experience

    Vietjet is reintroducing its premium fare class, SkyBoss, offering Singapore passengers a refined and seamless travel experience on key routes between Singapore and Vietnam, including Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc. Inspired by the spirit of “Wings for Leaders,” SkyBoss is designed for travellers who value comfort, efficiency and thoughtful service, whether flying for business or leisure.

    Available on routes to and from Vietnam, including Singapore-Vietnam routes, SkyBoss delivers a personalised journey from the ground to the sky, with every detail carefully curated to balance emotional comfort with operational convenience at every touchpoint.

    From the moment passengers arrive at the airport, the “Wings for Leaders” experience takes shape. Dedicated check-in counters, boarding, and access to premium lounges ensure each journey begins in a calm, relaxed, and well-prepared state.

    On board, the experience is further elevated with unlimited hot and freshly prepared meals, featuring familiar Vietnamese favourites such as Pho, Banh Mi, Vietnamese milk coffee, matcha latte, and more. Each meal goes beyond nourishment, offering a comforting sense of familiarity and attentive care throughout the flight.

    Completing the SkyBoss experience is Vietjet’s cabin crew, renowned for their warm, cheerful, and attentive service. Professional yet approachable, the crew are always present at the right moments, delivering thoughtful care that reflects Vietjet’s distinctive service spirit.

    Alongside its service excellence, Vietjet continues to build on its strengths in operating a high-frequency domestic and international network, particularly across key economic and tourism routes, including four Singapore-Vietnam direct services. This allows passengers greater control over their time and more efficient planning for both business and leisure travel.

    More than just a class fare, SkyBoss represents a premium travel experience focused on comfort, efficiency and thoughtful service at every stage of the journey.

    Applicable Routes

    All international routes to and from Vietnam, including routes between Singapore and Vietnam:Singapore Hanoi/Ho Chi Minh City/ Da Nang/ Phu Quoc

    All-inclusive fares for flights between Singapore and Vietnam
    – One-way fares starting from just SGD210/one-way (including taxes and fees) (varying by route and travel period)

    SkyBoss Service Privileges (Terms and Conditions Apply)
    – Carry-on baggage allowance up to 10kg
    – Checked baggage allowance up to 30kg plus one golf club set
    – Access to premium lounges at departure airports (during operational hours)
    – Priority for seat selection, check-in, and boarding
    – Unlimited hot and fresh inflight meals with beverages
    – Dedicated customer hotline: +84 1900 6896

  • Sushi Tycoon ‘Tuna King’ Shells Out Record $3.2M for Massive Bluefin at Tokyo’s Prestigious Auction

    Sushi Tycoon ‘Tuna King’ Shells Out Record $3.2M for Massive Bluefin at Tokyo’s Prestigious Auction

    A sushi entrepreneur from Japan, who goes by the moniker “The Tuna King”, set a new record when he purchased a colossal bluefin tuna for an unprecedented 510.3 million yen (approximately US$3.25 million) at an auction held on Monday.

    Record-Breaking Purchase

    Kiyoshi Kimura, the owner of a chain of sushi restaurants, emerged as the highest bidder at the esteemed annual New Year auction in Tokyo’s primary fish market. The 243-kilogram tuna that fetched this record price was caught off the northern coast of Japan.

    Kimura candidly expressed his surprise at the rocketing price of the fish. “I had hoped we could secure the fish at a somewhat lower cost, but the price escalated rapidly,” Kimura revealed in the wake of the predawn auction at Tokyo’s main fish market.

    Auspicious Tuna to Usher in the New Year

    Despite the staggering cost, Kimura remained optimistic about his purchase. “The price certainly caught me off guard…but I am hopeful that the consumption of this lucky tuna will invigorate as many people as possible,” he asserted to journalists.

    As the president of Kiyomura Corp., the Tokyo-based company operating the Sushizanmai sushi restaurant chain, Kimura showcased the 243-kilogram bluefin tuna at his flagship restaurant in Tokyo on January 5, 2026, following the New Year’s auction at Toyosu fish market.

    Historical Highs of Tuna Prices

    This auction price is the highest on record since data regarding such figures started being compiled in 1999. The previous record was 333.6 million yen, paid for a 278-kilogram bluefin tuna in 2019, after the fish market relocated from its traditional Tsukiji location in central Tokyo to a more modern facility.

    Last year’s highest bid was 207 million yen for a 276-kilogram bluefin. After this year’s auction, the hefty tuna was promptly prepared into sushi and sold for around 500 yen (about US$3) per roll.

    Customer Reactions

    Diners at one of Kimura’s restaurants in Tsukiji were delighted to partake in such an auspicious meal at the start of the year. “Having had the privilege of eating something so fortunate as the year begins, I feel like I’ve started the year on the right note,” shared 19-year-old Minami Sugiyama. Another patron, a 40-year-old Shinto priest named Kiyoshi Nishimura, shared a similar sentiment, praising the taste and texture of the tuna.

    Effects of the COVID-19 Pandemic

    During the COVID-19 pandemic, the New Year tuna prices plummeted to only a fraction of their regular peak prices as restaurants reduced their operations. However, the purchase of the bluefin tuna this year signals a potential recovery and brighter future for the Pacific bluefin industry.

    Questions & Answers

    What is the highest price ever paid for a bluefin tuna?
    The highest price ever paid for a bluefin tuna was 510.3 million yen (approximately US$3.25 million), by entrepreneur Kiyoshi Kimura in 2026.

    Who is Kiyoshi Kimura?
    Kiyoshi Kimura, also known as “The Tuna King”, is the president of Kiyomura Corp. and the owner of the Sushizanmai sushi restaurant chain in Tokyo.

    How has the COVID-19 pandemic affected the tuna industry?
    During the COVID-19 pandemic, prices for New Year tuna decreased significantly because restaurants had to scale back their operations.

  • Vietnam’s Fruit and Vegetable Exports Soar: $10B Target in Sight for 2026 Amid Global Trade Growth

    Vietnam’s Fruit and Vegetable Exports Soar: $10B Target in Sight for 2026 Amid Global Trade Growth

    According to industry experts, Vietnam’s fruit and vegetable exports could hit the $10 billion mark as early as 2026, provided the current pace is sustained and structural issues are resolved. The total exports are projected to be in the range of $8-8.4 billion in 2025, marking a growth of 18% from the previous year, as reported by the Vietnam Fruit and Vegetable Association.

    Growth Amid Global Trade Volatility

    The resilience and growth of Vietnam’s fruit and vegetable export sector in spite of ongoing global trade instability underscore the enhanced competitiveness of the nation’s agricultural products in global markets. This remarkable performance can be attributed to an array of beneficial conditions, including substantial recovery of demand in major markets such as China, the U.S., South Korea, Japan and the European Union. Furthermore, an increase in official export approvals for Vietnamese fruits to high-demand markets has created new avenues for growth.

    Nguyen Thanh Binh, chairman of the association, indicated that the growth in exports in recent years has evolved from seasonal peaks into a consistent upward trend. An increased emphasis on quality, traceability, and compliance with market standards has aided Vietnamese produce in establishing a more stable presence within global supply chains.

    Despite being the largest market and accounting for a significant proportion of shipments, China also poses the greatest challenges to the industry, as Binh noted.

    Persistent Vulnerabilities

    While there has been a robust increase in export value, market volatility and policy changes continue to cause disruptions in shipments to China. Dr. Nguyen Dinh Bich, an expert in agricultural economics, pointed out that the sector’s greatest vulnerability is seen in production organization. Despite the speedy growth, it lacks a firm grounding and without stronger connections from raw material sources to processing and distribution, the industry could be susceptible to changes such as tightened standards or altered regulations by major markets.

    Learning from past instances of congestion at border gates remains crucial, particularly as importing countries continue to elevate their requirements regarding quarantine, food safety, and sustainability.

    Striving for the $10 Billion Goal

    Despite these challenges, the long-term prospects remain favorable. Riding on the wave of consistent double-digit growth in recent years and Vietnam’s position among the world’s top 25 trading nations, the association is confident that exports could reach $10 billion by 2026.

    Many businesses deem this target achievable if existing roadblocks are overcome. A representative from the Tien Giang Vegetables and Fruits Joint Stock Company said that there remains potential for processed goods and premium fresh fruit. However, businesses require stable policies regarding raw material zones, logistics, and market access.

    Logistics costs, particularly those related to cold-chain logistics, constitute a substantial portion of expenses, compromising competitiveness with regional counterparts.

    Experts emphasize the necessity for comprehensive, long-term solutions, including focused farming zones, standardized production unit codes, and packing facilities certified in line with market demand. Diversifying export markets and increasing the share of processed goods are also seen as essential.

    Binh further underscored that continued government support in areas such as market access, standardization, and credit and logistics infrastructure will be crucial to ensuring sustainable growth.

    Questions & Answers

    What are the main challenges to Vietnam’s fruit and vegetable export industry?
    The main challenges include market volatility, policy changes, high logistics costs, and the need for stronger connections from raw material sources to processing and distribution.

    What are the proposed solutions to these challenges?
    Proposed solutions include the creation of concentrated farming zones, standardization of production unit codes, certified packing facilities, diversification of export markets, and increased government support in various areas.

    What is the projected value of Vietnam’s fruit and vegetable exports in the near future?
    Industry experts believe that Vietnam’s fruit and vegetable exports could reach $10 billion as early as 2026, given the current pace of growth and provided structural issues are properly addressed.

  • Vietnam’s Economy Soars with 8.02% GDP Growth in 2025, Claiming Second Highest Spot in Two Decades

    Vietnam’s Economy Soars with 8.02% GDP Growth in 2025, Claiming Second Highest Spot in Two Decades

    The Vietnamese economy experienced significant growth in the last year, with an impressive rate of 8.02%, marking the second-highest growth rate in the past 15 years. This growth was primarily fueled by the services and industry sectors. In the final quarter of the year alone, the economy expanded by 8.46% on a year-on-year comparison, as per the data from the General Statistics Office.

    Steady Growth Amid Global Economic Volatility

    Vietnam has demonstrated a remarkable economic performance in the face of global economic instability. This instability has been particularly marked by trade tensions and reciprocal tariff policies from the United States. Despite these challenges, Vietnam’s growth rate was the highest amongst Southeast Asian nations and one of the highest globally. The last time the economy grew at a higher rate was in 2022, with an expansion of 8.12%, following the Covid-19 pandemic.

    Economic Indicators

    In 2025, the Gross Domestic Product (GDP) of Vietnam rose to US$514 billion, and the per capita income reached $5,026. These figures have positioned Vietnam as an upper-middle-income nation. Nevertheless, the inflation rate for the year experienced a slight increase, reaching 3.31%.

    The services sector emerged as the largest contributor to the Vietnamese economy, accounting for 51.1% of the total. The industry and construction sectors followed with a 43.6% contribution, while the remainder was made up by agriculture, forestry, and fisheries.

    In terms of trade, Vietnam hit a new record with a total value of $930 billion, reflecting an 18.2% rise from the previous year. The export value increased by 17%, totaling $475 billion.

    In the same year, there was a notable increase in enterprise registration and revival, with 297,500 businesses registered or revived, marking a 27.4% surge.

    Future Economic Prospects

    Looking forward, the National Assembly has set an ambitious GDP growth target of 10% for the upcoming year. Achieving this target will increase the per capita income to a range of $5,400 to $5,500.

    Questions & Answers

    What was the growth rate of the Vietnamese economy last year?
    The Vietnamese economy grew at a rate of 8.02% last year.

    What sectors mainly drove Vietnam’s economic growth?
    The growth of the Vietnamese economy was primarily driven by the services and industry sectors.

    What is the GDP growth target set by the National Assembly for the next year?
    The National Assembly has set a GDP growth target of 10% for the next year.

  • Rising to the Top: Clark International Airport Corporation Paves the Way for Next-Gen Logistics Hub in the Philippines

    Rising to the Top: Clark International Airport Corporation Paves the Way for Next-Gen Logistics Hub in the Philippines

    The Clark International Airport Corporation (CIAC) is taking decisive steps to establish the Clark Civil Aviation Complex (CAC) as the Philippines’ next central hub for cargo and logistics. This development is supported by the extensive redevelopment of the 2,367-hectare property, with CIAC rapidly improving infrastructure, managing the estate, and reforming policies to accommodate the increasing regional demand.

    Heading in a New Direction

    Joseph P. Alcazar, President and CEO of CIAC, states that the corporation has revised its strategy and has refocused on managing the estate and developing airport infrastructure. Their goal is to support the Clark International Airport (CRK) and convert the Clark Civil Aviation Complex into the Clark Aviation Capital.

    Within the first five months of 2025, the Clark International Airport (CRK) doubled its cargo throughput compared to the previous year, handling over 35,900 tonnes across more than 2,500 flights. Historically, CRK has been seen as a strategic alternative to the crowded gateways in Metro Manila. Now, CRK is utilising its prime location, extensive aviation estate, and updated infrastructure to further CIAC’s logistics vision.

    Geography and Policy: The Advantages of Clark

    Central Luzon is the location of CAC, providing it with direct access to major expressways, seaports, and the market in Metro Manila. This connectivity enables quick cargo movement with various transportation options.

    CAC, the largest aviation complex in the Philippines, is uniquely positioned, offering operational and tax advantages due to its status as one of the few freeport zones housing an international airport.

    Claude’s close proximity to the industrial corridors in Luzon and its uncongested airspace make it an ideal location for time-sensitive cargo, including e-commerce deliveries and Maintenance, Repair, and Overhaul (MRO) operations.

    Strengthening Connections

    To keep up with its expanding role in logistics, Clark is investing in long-term infrastructure that improves accessibility to key economic zones and trade routes.

    Cargo volumes have soared at Clark, with a 100% increase in the first five months of 2025, which builds on a 32% increase from 2024.

    Building Infrastructure and Future Hubs

    The progress is supported by a series of infrastructure projects led by CIAC, including a new air traffic control tower, upgraded airfield lighting systems, and radar installations.

    CIAC is also focusing on future growth areas such as temperature-sensitive cargo and e-commerce logistics. For instance, in 2024, CIAC signed a Memorandum of Understanding with Philippine Pharma Procurement, Inc. to explore the development of pharmaceutical logistics capabilities within the complex.

    Enhancing Resilience and Multimodal Mobility

    As part of its long-term strategy, CIAC is considering new infrastructure aimed at resilience and disaster readiness.

    CIAC is also developing plans for a Multimodal Mobility Hub, a compact, connected space that integrates various transport modes, improving urban access and logistics efficiency.

    Governance, Services, and Sustainability

    CIAC plays a crucial supporting role for estate locators and cargo operators, despite not directly operating cargo services.

    Policy reforms are helping to accelerate infrastructure development. The Public-Private Partnership (PPP) Code institutionalises best practices for private-sector participation and offers a transparent framework for implementing major projects.

    Sustainability remains at the forefront of CIAC’s long-term perspective. CIAC actively supports initiatives that promote sustainable aviation.

    Questions & Answers

    What is the strategic plan of CIAC for Clark International Airport?
    CIAC is focusing on improving infrastructure, managing the estate, and reforming policies to support Clark International Airport (CRK) and convert the Clark Civil Aviation Complex into the Clark Aviation Capital.

    Which areas is CIAC targeting for future growth?
    CIAC is exploring potential growth areas such as temperature-sensitive cargo and e-commerce logistics. The corporation is also planning to develop pharmaceutical logistics capabilities within the complex.

    How is CIAC working towards sustainability?
    CIAC actively supports initiatives that promote sustainable aviation. The corporation is planning infrastructure across Clark Aviation Capital that incorporates green building standards, efficient land use, and transport connectivity to reduce the carbon footprint of logistics operations.