Retail News CRM

Author: Mei Ling Tan

  • Matheson Flight Extenders has signed an agreement with Cathay Pacific

    Matheson Flight Extenders has signed an agreement with Cathay Pacific

    Matheson Flight Extenders, Inc. has signed an agreement with Cathay Pacific to act as a freight consolidation agent to provide export and import services at Portland International Airport.

    Matheson Flight Extenders, Inc., a subsidiary of Matheson Trucking Inc., recently added eight employees to support Cathay’s new twice-weekly Boeing 747-8F flight to Hong Kong via Anchorage which was launched on November 3.

    “This is an exciting opportunity for Matheson to once again expand into the international freight arena,” said Charles Mellor, chief operating officer for Matheson. “We handled similar services for Asiana Airlines and are proud to be a key facilitator in the partnership between the Port of Portland and Cathay Pacific. Providing consolidation for import/export goods benefits the economy of Portland and businesses in the region.”

    According to Mellor, Cathay first contacted Matheson about providing consolidation services at Portland.

    “We quickly presented a bid and began negotiations,” he said. “The referral was a result of our previous partnership with Asiana. We have the ramp space to park a 747 close to our hangar, making it more convenient to load and unload the aircraft.”

    Cathay expects the flight to carry 40 to 60 tonnes of cargo from Portland every month, including semi-finished footwear and apparel, electronics and perishables such as blueberries, cherries, Dungeness crabs and oysters.

    The Portland flight operates every Thursday and Saturday and is routed via Anchorage and Los Angeles from Hong Kong, and via Anchorage on the way back.

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  • Volvo recalls vehicles in US, Canada for seat belt problem

    Volvo recalls vehicles in US, Canada for seat belt problem

    Volvo is recalling about 79,000 cars and SUVs in the US and Canada because the front passenger seat belt may not hold people in a crash.

    The recall covers certain S60, S90, V60, XC60 and XC90 vehicles from the 2016 and 2017 model years.

    Volvo says in government documents that a buckle stud can come loose, allowing the buckle to separate from a bracket. If that happens, the belt may not hold the front passenger in a crash. The company said Wednesday it has no reports of injuries. It does not expect to find any loose studs but says it’s recalling the vehicles as a precaution.

    Dealers will replace the buckle if needed at no cost to owners starting December 12.

    Volvo began investigating the problem after getting reports of buckle failures starting in August. It traced the trouble to cars made from February 16, 2015, to August 22, 2016

  • Lane Crawford selects Orange Services’ Cloud to improve digital shopping experience

    Lane Crawford selects Orange Services’ Cloud to improve digital shopping experience

    Orange Business Services has been selected by Lane Crawford, a multi-brand designer label luxury retailer, to provide a cloud-based platform to extend, secure and manage its IT resources in Hong Kong and China. This deployment will enable Lane Crawford to marry offline strengths with digital advantages and offer its customers a more connected retail experience.

    Founded in 1850, Hong Kong-based Lane Crawford is widely recognized as a leading retailer of specialty and luxury goods in Hong Kong and China. Through Orange Business Services’ cloud platform, Lane Crawford will have higher flexibility and scalability to accommodate changes in demand due to seasonal shopping, sales and promotional activities, and ad-hoc use. By adopting a cloud-based platform, Lane Crawford can appropriately align its business with the rapid growth of online shopping in China and meet the needs of new and existing customers.  In addition to meeting Lane Crawford’s needs for its digital transformation, Orange Business Services’ solution delivers an enhanced level of security infrastructure and business continuity plans.

     “Lane Crawford has a long history of delivering high quality products and excellent experiences to its customers,” said Jack Zhang, General Manager, Orange Business Services China.  “We are very pleased to have been selected as a partner in their digital transformation journey and to support them based on our deep understanding of the retail business and Lane Crawford’s existing infrastructure environment.”

    Lane Crawford selected Orange Business Services’ cloud platform for its ability to easily scale to meet rapid changes in consumer demand and its one-stop solution for all the needs it had for connectivity, flexibility and security.  Orange Business Services’ platform is fully compatible with other business critical applications being used by Lane Crawford.

     “Our former infrastructure did not provide adequate flexibility for scalability or future business growth,” said Raymond Liu, Senior Manager, IT Infrastructure, Lane Crawford.  “Orange Business Services’ cloud-based solution gives us cost-efficient performance, enhanced security and protection, and support of on-line transaction applications.  For Lane Crawford, this is a critical step forward in our digital transformation.”

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  • Hong Kong International Wine & Spirits Fair Opens

    Hong Kong International Wine & Spirits Fair Opens

    The ninth HKTDC Hong Kong International Wine & Spirits Fair opened today and continues through 12 November at the Hong Kong Convention and Exhibition Centre (HKCEC). This morning’s opening ceremony was officiated by Gregory So, Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region (HKSAR) Government and Philip Yung, Permanent Secretary for Commerce and Economic Development (Commerce, Industry and Tourism) of the HKSAR Government.

    Speaking at the opening ceremony, Benjamin Chau, Acting Executive Director, Hong Kong Trade Development Council (HKTDC), highlighted the diverse characteristics of the International Wine & Spirits Fair. “Featuring more than 1,060 exhibitors from 37 countries and regions, the Wine & Spirits Fair is an effective international promotion platform. The success of the fair is due to a variety of factors: Zero duties on Hong Kong wine imports since 2008, a large international exhibitor presence, international buyers especially wine importers from Asia, high value-added business opportunities and networking activities including grand tasting sessions, master classes, wine tastings, cocktail demonstrations as well as seminars,” Mr Chau said.

    Strong international flavour at the fair

    Since the HKSAR Government scrapped import duties on wine in 2008, the wine industry has recorded tremendous growth, attracting industry players to start or expand their business in Hong Kong. The value of Hong Kong’s wine imports rose from HK$1.6 billion in 2007 to HK$10.8 billion in 2015, a more than six-fold increase. Being a well-known wine trading and distributing hub, wine exporting countries are seeking to tap into the Asian market through Hong Kong. Besides Croatia, Finland and the Philippines exhibiting at the fair for the first time, wine producing regions, wine associations and trade commissions from around the world have formed 30 pavilions to promote their products. Among them, first-time group pavilion organisers include the Azerbaijan Export and Investment Promotion Foundation, Bulgarian Wine Export Association, Economic and Information Technology Commission of Guizhou Province from the Chinese mainland, Fukushima Prefectural Government and Kyushu Shochu Culture & Tourism from Japan, FENADEGAS from Portugal, the Distilled Spirits Council of the United States, and the Ministry of Agriculture, Forestry and Food of the Republic of Slovenia.

    Located in South Central Europe, Slovenia is a wine producing country less familiar to consumers in Hong Kong and Asia. Slovenia’s viniculture is characterised by the country’s diverse geography and microclimates; its latitude aligns with many renowned and prolific wine-producing regions like Bordeaux, Burgundy and Northern Rhone. Around 70 per cent of Slovenian wines qualify as premium wine. Aiming to capture the attention of Asia’s developing markets through Hong Kong, Dejan Zidan, Deputy Prime Minister and Minister of Agriculture, Forestry and Food of the Republic of Slovenia, hosted today’s presentation under the theme of “Discover Excellent Wines From Slovenia – Taste the Slovenian Identity”.

    While Slovenia has a particularly high profile at the fair this year, a world of exquisite wines from around the world are also on show including:

    – Wine from Israel, a country with 5,000 years of wine-making history. Produced by Hevron Heights, Armagedon (Booth no.: 3E-D11) is brewed using traditional methods. Using grapes grown on the Judean Mountains at high altitude (950m) and aged for 24 months in French oak barrels, Armagedon is regarded as kosher wine, produced in accordance with Judaism’s religious laws.

    – Bulgarian orange wine from Wine Cellar Villa Melnik Ltd (Booth no.: 3D-B26). Orange wine, in spite of its name, is not made from oranges. Its darker colour results from extended contact of white grape juice with grape skins over a longer period of time. Orange wine is intense with a dry, tannic taste and nuttiness derived from oxidation, and can be paired with a wide variety of dishes ranging from beef to fish.

    – Crown Royal’s Northern Harvest Rye from Canada (Booth no.: 3CON-064). Crown Royal’s Northern Harvest Rye stunned the whisky world as the first Canadian whisky to earn a title in the authoritative Jim Murray’s Annual Whisky Bible with almost full marks and was named World Whisky of the Year 2016.

    In addition to zones such as Wine & Liquor Products, Whisky and Spirits and Friends of Wine, where the perfect food pairings are showcased, there are also dedicated zones promoting the industry’s all-round developments, such as Wine Investment, Wine Education and Wine Storage & Logistics zones.

    Promoting industry interaction

    During the Wine & Spirits Fair, more than 70 special events are arranged to provide a comprehensive platform for trading and exchange. These include the Wine Industry Conference, gala dinner, tasting sessions, master classes and thematic seminars. Close to 50 wine tasting sessions are organised to spotlight wines from Austria, Australia, Bulgaria, France, Germany, Guizhou (Chinese mainland), Japan, Mexico, Portugal, Slovenia, Spain and the US.

    Today’s Wine Industry Conference is titled “Uncover the Opportunities of the New Cool Climate Wine Trend”. Meanwhile, the eighth edition of the Cathay Pacific Hong Kong International Wine & Spirit Competition Award Presentation Ceremony will be held tonight. Following the cocktail reception, the Gala Dinner titled “I FEEL SLOVENIA” will feature a menu prepared by Janez Bratovz, head chef of celebrated Slovenian restaurant JB RESTAVRACIJA. The seminar “How to Reach the Right Customers in China” and the buyer forum “Uncovering Business Opportunities in Booming Markets of Wine and Spirits” will be held tomorrow afternoon for the industry to discuss hot topics.

    Public Day

    On Saturday (12 November), the fair will be open to members of the public aged 18 or above, with tickets priced at HK$200*. Public visitors with full-priced tickets on that day will receive a Lucaris crystal wine glass valued at HK$110 on a first-come first-served basis while stocks last.

    Two master classes will be held on the public day including “Understanding Quality in Wines Currently Trending around the World with Jeannie Cho Lee MW” and “Sensory Experience of Wine by Debra Meiburg MW”. The public are also welcome to join wine tasting sessions, cocktail, whisky and spirit demonstrations and seminars. These include “Gifu Sake and Pottery Appreciation”, “Enjoy Shochu from Kyushu with Kumamon”, “Choosing from a Wine List – Tips and Tricks” and “Hong Kong Inter-University Wine Challenge 2016”.

    This year’s fair once again headlines the Hong Kong Wine Journey citywide promotion, which encompasses a series of wine tastings, wine and food menu pairing, seminars, themed tours and Lan Kwai Fong carnival. More than 160 restaurants will feature promotions such as “Birthday Wine” and “Wine and Food Pairing Menu”. For more details, please refer to the Hong Kong Wine Journey map or the website.

    Wine business keeps flowing through Hong Kong

    In the first nine months of 2016, Hong Kong’s wine imports reached HK$9.1 billion, a 22 per cent year-on-year increase. As for the city’s exports, they totalled HK$4.1 billion, up 25 per cent over the same period last year.

    *Tickets:

    Members of the public can purchase Public Day admission tickets on site priced at HK$200. Tickets for Public Day master classes are priced at HK$350 (including admission) and are available on a first-come first-served basis.

    Fair Website:www.hktdc.com/hkwinefair

  • Eastern Indonesia’s economy propelled by commodities pickup

    Eastern Indonesia’s economy propelled by commodities pickup

    Provinces in the eastern part of Indonesia are seeing robust economic growth in the third quarter thanks to higher commodity prices, but without diversification away from commodities the regions may not sustain such rapid growth, economists say.

    While the nation’s overall economic growth was 5.02 percent in the July to September period yearon-year (yoy), provinces in eastern Indonesia saw higher growth, namely Maluku and Papua with 13.72 percent, Sulawesi with 6.67 percent and Bali and Nusa Tenggara, both with 5.04 percent, according to data from the Central Statistics Agency (BPS).

    President Joko “Jokowi” Widodo said he wants to spread economic contributions from the eastern part of Indonesia to the whole archipelago and pledged to boost infrastructure development in the regions.

    However, economists said the government’s efforts to build infrastructure on the outskirts of the country had yet to bear fruit as they required more time before affecting the local economies. Instead, the rising prices of mining commodities have become the main reason for the spike in growth in eastern parts.

    “Improvements in commodity prices, such as gold in Papua, caused the jumping growth,” University of Indonesia (UI) economist Lana Soelistianingsih said on Monday following the data release.

    The BPS data also showed that the overall growth of the nation’s mining sector reversed its minus 0.72 percent yoy contraction in the second quarter to become a 0.13 percent gain in the third quarter, thanks to the higher production of some mining commodities like gold, BPS head Suhariyanto said.

    The eastern part of Indonesia still relies heavily on the mining sector so that most provinces, such as Papua, Maluku, Central Sulawesi and several areas in Kalimantan, see their economic growth spike when prices and production increase, said Center for Reform in Economics (CORE) research director Mohammad Faisal.

    “Other areas, like South Sulawesi, recorded growth because of their diversified economies,” he said. “Bali, on the other hand, is supported by its tourism sector so that when the overall economy slows down, it is still able to post growth.”

    With the projected stable increase in commodity prices going forward, economists expressed optimism that economic growth in the area can be improved, although concerns over its sustainability remain.

    “The growth will be sustainable if those provinces can transform and diversify their economies. If they’re still commodity dependent, the growth won’t sustain,” Faisal said.

    Apart from the mining sector’s reversal of fortune, the top three sectors that booked the highest growth in the third quarter include information and communications, financial services and transportation and warehousing, according to BPS data.

    In quarter-on-quarter, transportation and warehousing, agriculture, forestry and fisheries, as well as the construction sector, were at the top of the list.

    In West Nusa Tenggara and Maluku, the regions that posted the most growth in the third quarter, the marine industry is enjoying growth, especially in the shrimp and seaweed aquaculture industries, according to the Indonesian Chamber of Commerce and Industry (Kadin). Bengkulu, Lampung and Java are also seeing growth in the same sector.

  • China Leads the Global Market for Eggs and Eggs Products

    China Leads the Global Market for Eggs and Eggs Products

    Eggs, an integral part of the banal breakfast menu, are a rich source of protein. Easy and hassle free to make, their demand has seen a phenomenal spike in the past couple of years on account of a burgeoning world population and their rising disposable income. Even the avian flu, which resulted in culling of millions of livestock worldwide, couldn’t hamper the market growth. Today, a wide variety of eggs are found on supermarket shelves. Not just that, discerning palates of demanding consumers have also spawned another market – that of egg products. Made from different components and blends of eggs, they are edible products ready for consumption.

    Cage-free Eggs are All the Rage These Days
    Reports reveal that around 2 billion eggs are produced in the world in a year. The method of production is, however, set to change.  With growing awareness about the appalling living conditions of the captive egg-laying hens, particularly in developed countries, an outcry has ensued. This has led to a ban on conventional egg farming methods. Fast food giant McDonald, which is one of the biggest egg buyers in the world, pioneered efforts in this direction by announcing in 2015 that it would only use cage-free eggs in all of its US and Canadian restaurants. Other major fast food chains and a handful of multinational food companies followed suit too. This has generated an opportunity for egg producers in Asia and America to fulfill the demand-supply gap created on account of EU nations being unable to carry out the overhaul in logistics and processes involved swift enough.

    China the Largest Producer-cum-Consumer of Eggs and Egg Products
    China, which had pretty much been powering the global growth up until a while back, has been a leader in the global eggs and egg products market as well. Studies show that it produces around 36% of the 70% eggs produced together by Mexico, Japan, China, U.S., India, Indonesia, Brazil, Mexico, and France. China also consumes around 40% of the global eggs. This is because eggs form a vital part of the average Chinese meal. The eggs are also used as additives and ingredients, nationwide.

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  • Hong Kong’s economic growth to ease in third-quarter on China slowdown

    Hong Kong’s economic growth to ease in third-quarter on China slowdown

    Hong Kong’s economic growth is expected to slow in the third quarter from the second, with weak exports, sluggish retail sales and falling tourist arrivals, continuing to take a toll on the Asian financial centre.

    The once vibrant city is also grappling with a slowdown in China, while its outlook has been hurt by rising tensions with Beijing that could threaten stability and impede policymaking.

    The economy was expected to grow 0.3 percent for the third quarter from the second, according to the median estimate of economists in a Reuters poll. From a year earlier, growth was forecast at 1.6 percent.

    The government is due to release gross domestic product data on Friday at 0830 GMT.

    Gross domestic product grew a seasonally-adjusted 1.6 percent in the second quarter from the first, and 1.7 percent from a year earlier, the government said in August.

    Hong Kong’s retail sales fell for the 19th straight month in September as China’s economic slowdown and a strong local currency crimped business activity and tourism.

    “We think retail sales and tourism have not yet recovered. There are still downside risks,” said Young Sun Kwon, a Hong Kong-based economist at Nomura.

    Another potential risk is the impact of cooling measures imposed by the government this month to rein in property prices, which are among the most expensive in the world.

    The government said it would raise stamp duties on home purchases to 15 percent, across the board, effective Nov. 5.

    Economists said it was still too early to tell how effective the measures would be as there were other factors involved, such as the U.S. presidential election and China’s economic performance.

    Hong Kong, once the busiest port in the world, is also heavily dependent on trade, and its exports and imports are predominantly re-exports to and from mainland China.

    The Trade Development Council has cut its forecast for the city’s exports this year from flat to a 4 percent decline.

    Slower economic growth could pile further pressure on Hong Kong leader Leung Chun-ying ahead of an election next year and amid rising tensions with the central government in China over concerns of increased meddling by Beijing in the city’s affairs.

    The former British colony’s economy is now more vulnerable as it struggles with weaker retail sales and a slump in cash-rich mainland Chinese streaming across the border on shopping sprees.

  • DHL Appoints New Hong Kong and Macau Managing Director

    DHL Appoints New Hong Kong and Macau Managing Director

    According to DHL, McQueen will be responsible for long-term growth across sectors such as aviation, consumer goods, healthcare, retail and technology. He will also be in charge of integrating solutions with freight and logistics services from South China’s major development zones.

    “Designing supply chain solutions that meet and exceed the unique needs of customers isn’t just my passion – it’s also essential for long-term growth that can withstand constant disruption and volatility in the marketplace,” said McQueen. “Having laid the foundations for such growth in the Greater China region, I’m excited to be focusing on Hong Kong as the linchpin in our regional operations, and look forward to leading our excellent team of more than 1,000 experienced supply chain employees to even greater heights.”

    McQueen has 24 years of supply chain experience. He was most recently in charge of business development at DHL Supply Chain Greater China, and was previously head of industrial development and solution design director for the Middle East and Africa.

    “We appointed Jez to lead our Hong Kong and Macau operations because of his outstanding track record in delivering rapid and sustainable growth across a wide variety of industries,” said Yin Zou, CEO of DHL Supply Chain Greater China. “Jez has proven invaluable as the head of business development for our operations in Greater China, combining deep expertise in all sectors with formidable acumen for turning supply chain innovations into substantial long-term improvements in customer satisfaction and revenues alike. Hong Kong remains a pivotal market for DHL Supply Chain, and I believe Jez’s skill set and passion for business development make him uniquely suited to handling its broad and dynamic range of multi-industry needs.”

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  • KION Group completes acquisition of Dematic

    KION Group completes acquisition of Dematic

    “Today marks the dawn of a new era for the KION Group, Dematic and our customers,” said CEO of the KION Group, Gordon Riske. “The transaction brings together the world’s most profitable manufacturer of forklift trucks and warehouse technology with one of the largest and fastest-growing warehouse automation and software solutions providers. Our combined global presence, intelligent and tailored material handling as well as comprehensive automation and software technology solutions, plus now more than 30,000 dedicated and highly skilled employees will enable us to deliver even more value for our customers.”

    The new Dematic operating unit will be led by John Baysore, previously CEO of Dematic North America, who will hold the role of president and CEO and has a proven track record in growing supply chain solutions business.

    “At Dematic, we are proud to move forward as part of the KION Group, which even better positions us to assist our customers with supply chain performance. The newly established solution portfolio affords our customers the ability to accommodate their ever changing business requirements and will dynamically optimize their warehouse and distribution functions,” said John Baysore. “The market for system solutions is expected to grow by around 10 percent per year in the medium term. We have the innovative technology, software expertise and global network to meet the supply chain requirements of the future, such as those resulting from the rapidly growing e-commerce sector and the many other vertical markets we serve.”

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  • PT Telkom has added a number of new wifi hotspots in Bali

    PT Telkom has added a number of new wifi hotspots in Bali

    The hotspots are under the network’s “Wifi.id.corner” program, which has users register for accounts and choose from a variety of packages that Telkom touts as affordable. 

    The new Wifi.id.corner spots are split between the island’s capital city, Denpasar, and north Bali city, Singaraja. 

    “In Bali, the fixed broadband services through Wifi.id.corner are spread across 200 locations. 170 of them are in Denpasar and 30 others in Singaraja, Buleleng,” quoted Nusra Suparwiyanto, executive vice president of PT Telkom Region 5 (East Java/Bali), as saying. 

    Suparwiyanto says Telkom is responding to the growing needs of Bali netizens with these 200 hotspots, which can be found in public spaces such as schools, universities, housing complexes, ports, and also city parks.

    Here’s the impressive part though—this wifi is supposed to be pretty darn fast. According to Suparwiyanto, the network is boasting speeds above 100 mbps—a speed we’re sure most of us aren’t familiar with in Bali. 

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  • Forget Black Friday, Singles’ Day is the real retail event to focus on

    Forget Black Friday, Singles’ Day is the real retail event to focus on

    I recently got back from Engine’s Asia offices, where everyone was buzzing with excitement about this shopathon concept.

    This 24-hour shopping day is the Chinese equivalent of Cyber Monday. It started in 2009 by ecommerce giant Alibaba and has evolved into the biggest online shopping day of the year – raking in $14bn in 2015 with mobile purchases accounting for 75% of total sales.

    In the UK, the start of November means that the retail frenzy of Black Friday and Cyber Monday are fast approaching. But as reports this year suggest that Black Friday is no longer the money pit it used to be, it’s time for UK brands to think globally.

    While Black Friday sales are expected to disappoint with just 21% of UK shoppers saying they will be taking advantage of the slashed prices, Singles Day is set to break records with this year’s sales predicted to increase by 50%, with total sales reaching $21bn. That’s almost $1bn per hour.

    With success on these levels, it’s clear that Singles’ Day presents a huge opportunity for UK retailers. Brands like Topshop are already capitalizing on this phenomenon, reporting a sales surge of over 900% on the day in 2015 compared to 2014.

    With over 600 million internet users and 1.3 billion mobile phones nationwide – China’s 468 million digital shoppers equate to 40% of the total global e-commerce spend and a report by OC&C Strategy Consultants shows that in China, over 70% of people are more willing to spend on clothing than before – with a lot of this expected to come through ecommerce.

    Having skipped the PC era, Chinese consumers are savvier, more switched on and demand digital innovations at a level unprecedented in other markets.

    Different apps, such as WeChat, mean that platforms Western marketers might be used to, such as Twitter and Facebook, no longer apply.

    What does this mean for brands looking to tap into the lucrative Chinese market? Investing in ecommerce localisation is key. Adapting and tailoring your digital assets is a base requirement for those looking to appeal to a foreign audience.

    Brands seeking to enter the Chinese market will have to replicate the success of Singles’ Day retailers by understanding and responding to China’s changing demographics namely, its increasing disposable income, emerging middle class and increasingly affluent young population.

    For the event, Alibaba has sponsored a nationally televised gala, which leads to a midnight kick-off. By identifying the right celebrities (David Beckham headlined this year) and a format that fits with Chinese shopping mentality, Alibaba has successfully transformed the shopping event into a media spectacle with an expected viewership of around 200 million (doubling last years’ viewer figures), 10 million of whom will be from outside mainland China.

    This shift underlines a trend identified in a recent report from Cassandra, Engine’s leading provider of youth insights and emerging trends, which illustrates the changing shopping habits of millennials. They increasingly see it as more of an event and communal experience than previous generations ever did.

    This concept from the innovation hothouse of Asia will make brands and retailers eyes water. Agile players will surely be lining up to test and learn from Singles’ Day because discounting during the peak buying season, counter-intuitive though it may seem, is here to stay.

    -Debbie Klein

     

  • Indonesia moves away from TPP because of Trump triumph

    Indonesia moves away from TPP because of Trump triumph

    The Indonesian government has said it will not be in a hurry to seek membership of the US-led Trans-Pacific Partnership (TPP) trade deal following the election of Republican Donald Trump as the country’s president.

    The decision was made considering Trump’s promise on the campaign trail to scrap the TPP, a multinational trade deal between the US and countries in the Asia-Pacific.

    “We are still calculating the costs and benefits of the TPP. This kind of agreement requires thorough negotiation and recently the discussion was getting stressful,” Trade Minister Enggartiasto “Enggar” Lukita said on Friday during a media briefing in Jakarta.

    He explained that problems persisted because each country had its own “ego” in expressing its needs through the mega trade deal.

    President Joko “Jokowi” Widodo expressed his intention to join the 12-member trade bloc last year.

    The TPP, which covers 40 percent of global gross domestic product (GDP), was signed by Brunei Darussalam, Canada, Australia, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore the US and Vietnam.

    The trade deal has not been ratified by the US Congress.

  • RHB expands e-Retail solution with MPOS

    RHB expands e-Retail solution with MPOS

    Malaysia’s RHB Bank has expanded its SME e-Retail Solution with the introduction of RHB Merchant Mobile Point of Sale (MPOS), which allows SME retailers to begin operating as quickly as seven days.

    SME e-Retail Solution offers Business Current Account for transactional needs, Reflex Online Cash Management system that enables low cost internet banking, cloud-based electronic point of sale (ePOS) system and remote access to back office analytics and CRM for better management for the proprietor.

    Other features include credit and debit card terminals to enable card transactions, customised SME insurance package specifically for retailers to protect their businesses, and business credit card to help SMEs with expenses and payment plans.

    Its latest offering Merchant MPOS is a wireless device that accepts all types of cards transactions, and is Chip & Pin enabled. Users can receive e-receipts via emails or notifications to their mobile phones.

    The MPOS is integrated to the merchant ePOS system to enable fast and convenient payment collection supporting bluetooth and Wi-Fi.

    Meanwhile RHB’s partnership with SAGE software Asia Pte Ltd will see the introduction of SAGE One cloud accounting software. This cloud solution will be synced to the ePOS terminal to enable automatic updates of transactions. SMEs will then have access to the real-time financial position of their businesses.

    “We are the first financial institution in Malaysia to offer a total connectivity solution for SMEs. The SME e-Retail Solution offers SME retailers a holistic solution for seamless connectivity. SMEs are able to achieve cost reduction and increase efficiency in their businesses,” said RHB Bank director of group business and transaction banking Datin Amy Ooi.

  • Government to take firm action against illegal textile imports

    Government to take firm action against illegal textile imports

    The government plans to take firm action against illegal imports of textile and textile products as these have been hindering business and impacting ind ustrial growth in the manufacturing sector.

    “We will take firm action against importers who have so far misused facilities to avoid official levies by the government,” Finance Minister Sri Mulyani said at a press conference here on Thursday.

    She stated that strengthening the textile industry and the textile products sector was very important as this sector has been asked to increase production to boost national exports.

    Smuggling of used clothes into several regions of the country to meet the increasing demand for cheap clothes has been disrupting growth of textile and textile products sector.

    Certain people were illegally importing products. These people held import licenses to transfer goods to other parties. Businessmen dealing in textile and textile products exploited these licensed importers.

    “We will enforce the law. We have invited police officers to a meeting attended by the chief of the crime investigation department to take a stronger and more consistent action against illegal imports,” she assured.

    Sri Mulyani informed that she would also invite other ministries to review regulations relating to textile and textile products imports. Some of these regulations overlap and run against the needs of the public, trade and industry.

    The TPT (textile and textile products) is a labor intensive industry that can absorb a lot of workers and even create new jobs in the distribution and trade sectors, she added.

    In 2016, Indonesias TPT exports contributed 9.61 percent to the total non-oil and gas exports, which is the second highest after palm oil exports, recorded at 10.3 percent.

    Based on national law enforcement data in 2015, 162 cases of smuggling were aborted by the Directorate of Customs and Excise of the Ministry of Finance. Until October this year, 151 cases of TPT smuggling cases had come to light.

    The Directorate of Customs and Excise would tighten coordination and supervision in cooperation with the Corruption Eradication Commission, the Indonesia Police, the Ministry of Trade as well as the Ministry of Industry to solve the TPT import problem.

    With improved TPT import policies and their implementation, the national manufacturing industry is expected to grow while domestic prices of TPT would be more stable and state revenues more optimal.

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  • Honda plans North American production shifts to make more SUVs

    Honda plans North American production shifts to make more SUVs

    Honda Motor Co is shifting around its North American vehicle production mix and may raise imports from Japan to squeeze out more SUVs as it struggles to keep up with strong U.S. demand for larger models, a factor which has prompted the automaker to trim its annual sales forecast.

    From early next year, Honda will dedicate production at its Alabama plant to its Pilot SUV, Ridgeline pick-up truck and Odyssey minivan, shifting production of its luxury Acura MDX SUV to its plant in Ohio as part of efforts to align its overall production of popular models to better reflect market demand.

    Demand for multi-tasking vehicles from cost-conscious consumers and historically low gasoline prices have ramped up demand for SUVs and other larger models over that of passenger cars.

    So far this year, roughly 59 percent of all new vehicles sold in the world’s No.2 auto market have been light trucks, versus 41 percent passenger vehicles, compared with 55 percent and 45 percent, respectively, a year earlier.

    In comments scheduled for release on Thursday, American Honda Motor Co CEO Toshiaki Mikoshiba told reporters that by also shifting more production of its popular CR-V model to its Indiana plant from Mexico, and producing more of its HR-V models in Mexico, the company planned to lift its production weighting between light trucks and passenger cars more in favor of light trucks, from an even balance currently.

    “While maintaining our current overall capacity (in North America), we’d like to also consider our production options in Japan … to produce more light trucks to respond to strong demand,” Mikoshiba said.

    “So long as we don’t see a sudden reversal in gasoline prices, we believe this would be the right move for the market.”

    Japan’s third-largest automaker by vehicle sales also said that it was considering producing the CR-V and the Civic sedan in Japan to be exported to North America to fill any gaps in local production.

    Honda is planning to market the recently revamped Civic in Japan, which a company spokeswoman said would add to production capacity, while it is also considering marketing the latest CR-V at home.

    Last month, Honda lowered its annual North American vehicle sales forecast to 1.985 million, from its previous expectation for 1.990 million, due in part to the skew in market demand.

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