Category: General

Retail News Asia is committed to providing both local and global retailers with the latest General Retail news throughout the Asian market. This on a daily base.

  • AirAsia celebrates Asean’s golden jubilee with low fares

    AirAsia celebrates Asean’s golden jubilee with low fares

    AirAsia is celebrating Asean’s 50th anniversary with low fares to all destinations across its regional network.

    The promotion from only RM50 is in conjunction with Asean Day tomorrow, commemorating the founding of the Association of Southeast Asian Nations (Asean) on 8 August 1967.

    To seize this great offer, simply book on airasia.com or the AirAsia mobile app from Aug 7 to 13 for travel between Aug 7 2017 and Feb 8 2018 to any destination in Malaysia, Thailand, Indonesia, the Philippines, Singapore, Brunei, Cambodia, Myanmar, Laos or Vietnam.

    AirAsia Group CEO Tan Sri Tony Fernandes said, “For 50 years, Asean has inspired us with its message of unity. As Aseanists, we want to return the favour and we hope these low fares will inspire the people of Asean to discover more about the region we call home”, said AirAsia Group Chief Executive Officer Tan Sri Tony Fernandes.

    AirAsia is proud to be an Asean airline, with operations in Malaysia, Thailand, Indonesia and the Philippines, and is the only airline that flies direct to all 10 Asean countries.

    AirAsia also offers AirAsia Asean Pass which allows guests to enjoy flights within the region at fixed rates with travel validity up to 60 days.

  • Vietjet Listing honored as “The IPO Deal of the Year 2017”

    Vietjet Listing honored as “The IPO Deal of the Year 2017”

    Vietjet’s public listing in the Ho Chi Minh City Stock Exchange in February has been honored as “The IPO Deal of the Year 2017” and “The Company with Best M&A Information Disclosure” at the M&A Awards 2016-2017. As a highlight of the Vietnam M&A Forum 2017, the awards were adjudicated by a panel of independent and renowned M&A experts through nominations by consultation organizations and researchers.

    Leading “a series of successful deals” in 2016-2017, Vietjet was highly rated by the panel which named the Vietjet listing as “The IPO Deal of the Year 2017” and “The Company with Best M&A Information Disclosure”. Vietjet’s IPO was professionally conducted following consultations with world-renowned law firms and financial institutions in around 800 days (due on the listing date) in accordance with international IPO standards of Regulation S.

    The adjudication panel also lauded the airline for its information disclosure. Vietjet has performed well in building investor relations, attracting intentions of investment funds and the public as well as bringing transparent, detailed and internationally-standardized information to investors and the public.

    Vietnam M&A Forum, an annual event for companies and investors from Vietnam and other countries was held in Ho Chi Minh City on August 10, 2017 under the auspices of the Ministry of Planning and Investment. With the theme “Seeking a Big Push”, the Vietnam M&A Forum 2017 was held as a platform to exchange suggestions and introduce opportunities as well as experience sharing for breakthroughs in the market.

    Earlier, Vietjet’s 2016 annual report was also honored with a Platinum Award, ranked the 4th among the Asia Pacific region’s awardees and 11th out of 100 worldwide at the Vision Awards 2016 presented by the League of American Communications Professionals (LACP). Themed as “the flight to the future”, the 150-page annual report was graded with almost top scores under the criteria of First Impression, Letter to Shareholders, Report Financials and sustainable development programs.

    Headquartered in the US, LACP was set up to create a forum within the public relations industry that facilitates discussion of best-in-class practices within the profession while also recognizing those who demonstrate exemplary communications capabilities. The Vision Awards honors outstanding and informative annual reports globally following international standards.

  • The changing face of retail

    The changing face of retail

    There’s a common misconception that a job in retail starts and ends on the shop floor. Or that working in the industry is merely a ‘rite of passage’ young people must traverse while studying at school or university.

    However, for a growing band of retail professionals, working in the industry represents a diverse and exciting career spanning years, roles and even countries.

    Today, there’s no limit to where a job on the shop floor could end up leading – from unique career development initiatives to giving back and having a positive impact on the world.

    As a global business operating in 19 countries, the Cotton On Group says the need to attract and retain great talent across all levels of the business is front of mind for the company.

    Moving beyond the structured pathway programs; COG says targeted global recruitment drives and tactics to ‘future proof’ its talent pool of 22,000 people globally, will be key in building and nurturing the retailer’s team.

    Jo Barr, global careers manager for the Cotton On Group, is confident in the business’ ability to maintain the momentum of its talent strategy and continue supporting its growth.

    “Having worked for other global retailers and seeing other environments, I know what we have to offer is really unique – whether that’s working in store or in a role within one of our six head offices,” she says.

    “The culture, the opportunities and the programs we provide for our teams are like no other – we truly put our people first and genuinely want to give them an experience they will take with them for life.”

     Start here, go anywhere

    The sheer range and number of opportunities that retail can offer is exemplified by a global business like Cotton On Group.

    A business model which distinctly favours in-house capabilities over out-sourced resources has unlocked a diverse suite of roles within the group’s operations. Couple this with a growing footprint and head offices located in six markets and there’s no doubt that the global retailer makes for a unique proposition in the market.

    Barr says the business’ sustained success on an international scale is challenging people to see a career in retail in a new light.

    “We have a ‘start here, go anywhere’ attitude at the group, and we really mean it. Our business has so many examples of people who may have started in one country or one role, then moved to another, then to another – the opportunities are as far and as wide as people want to take them,” she says.

    Brad Rowland is one of many team members at the group who started on the shop floor while studying and went on to pursue a career in the industry after discovering a real passion for retail.

    “When I joined the group in 2000, it was a small business with only 33 stores in Victoria and Western Australia. At that time, Nigel (Cotton On Group founder & owner) was doing everything himself…his drive was like a machine,” Rowland says.

    In the sixteen years that followed, “bloody hard work” has seen Rowland progress through a range of roles including store manager, area manager, operations manager and Cotton On Group national retail manager.

    In early-2017, Brad was approached by the business to move into the newly created position of head of outlets for Cotton On – a behind-the-scenes role that encompasses buying, planning and marketing.

    “The business has always been incredibly supportive of my development and saw an opportunity to grow my skills,” Rowland said.

    “Senior members of our business are incredibly passionate about growing their teams and developing leaders for the future and my career progression at the group is a great example of that.”

    Creating a learning culture

    Barr adds that an increased focus from universities and training and education institutions on the retail industry is helping to build interest among graduates looking to start their career.

    Capturing this increased interest and offering effective pathways into the industry has been the catalyst behind a number of initiatives put in place by the group’s recruitment and careers team.

    Earlier this year, in partnership with Deakin University, the group launched its first graduate program aimed at attracting and nurturing talent in the areas of merchandise planning and allocation

    “As a business, we’ve set ourselves some big goals for the next 10 to 20 years, and are committed to adequately resourcing our teams to help us achieve these goals. Merchandise planning and allocation are areas where we believe there is huge opportunity for growth, and are fundamental to supporting the expansion of our business both locally and internationally,” says Barr.

    Another new initiative, aimed at existing employees, is the group’s international work experience program known as Adventureships. This program sees the group deploy retail team members from across the globe to support various international shopping events such as Black Friday in the United States and Chinese New Year – providing them with invaluable in-market experience.

    The group have pioneered learning and development programs for a number of years – launching their $30 million educational platform, COG Uni, back in 2013.

    More recently, COG Uni has launched YOU Learning – an online education tool aimed at promoting personal and professional growth and fostering career development.

    Developed by a specialist team at the group’s headquarters, YOU Learning consists of over 1,000 learning bites which cater to all levels of the business including retail, distribution and head office. The URL-based platform is easily accessible to the group’s 22,000 people and covers topics including ‘culture and values’, ‘lead and manage others’ and ‘supply chain and planning.

    Not just a career

    COG is a firm believer that its responsibility as a global fashion retailer goes far beyond just selling clothes and as a result it is committed to giving its team members the opportunity to give back and have a positive impact on communities around the world.

    Through the support of its people and customers, the group’s philanthropic arm, the Cotton On Foundation, has raised $60 million since 2007 – funding a host of healthcare, education, infrastructure and sustainability projects in Southern Uganda, Thailand, South Africa and Australia.

    With ambitious plans for the future, the COG says it is a firm believer in developing leaders for the future, and will continue to invest in people’s personal and professional development to support the company’s continued growth.

  • Thailand’s Susco awarded franchise for Saha Lawson outlets

    Thailand’s Susco awarded franchise for Saha Lawson outlets

    Saha Lawson, which runs Lawson 108 convenience stores in Thailand, has awarded franchise rights to oil group Susco to open outlets at its new petrol stations.

    Under the agreement, part of Japanese company’s bid to grow Lawson 108 outlets to 500 units by 2020, Susco will initially open two stores at new petrol stations in Bangkok and Rayong this year.

    Saha Lawson senior GM Hideki Takechi says the number of Lawson stores at Susco outlets is targeted to reach 20 branches next year.

    Lawson had 84 stores nationwide last year, about 80 per cent of them in Bangkok and the balance in other provinces including Ayutthaya, Chon Buri, Nakhon Ratchasima, Prachin Buri and Rayong. The company plans to increase its outlets to 100 by year-end and open at least 400 branches in the following three years.

    Of these, the company will open half of them with the rest going to franchisees.

    Takechi says Susco is among 20 companies and individual investors that have shown interest in obtaining a licence from Lawson.

    “We are ready to start our franchise with Susco as a pilot project, and we expect that will help springboard the expansion of Lawson convenience stores upcountry.”

    He says that Japan, with an estimated population of 127 million, has 55,000 convenience stores while Thailand, with nearly 69 million people, has 15,000, “leaving ample room for growth”.

    Sales of some Japanese items at Lawson, including Odeng processed seafood-meatballs, have increased 10-fold in Saha Lawson Thailand’s first year, and Takechi says Lawson will be promoting exclusive food items to differentiate its stores. It aims to boost Japanese food items to 30 per cent of its sales mix, up from 20 per cent last year.

    Lawson expanded its convenience-store business to Thailand in August 2013 by setting up Saha Lawson as a JV with Thai consumer products conglomerate Saha Group.

    Lawson also has stores in China, Indonesia, the Philippines and the US.

  • Sultan boosts stake in 7-Eleven Malaysia

    Sultan boosts stake in 7-Eleven Malaysia

    Giving 7-Eleven Malaysia Holdings a royal edge, Sultan Ibrahim of Johor has become its second-largest individual shareholder.

    He has an 8.44 per cent stake after acquiring 93.7 million shares in the convenience-store chain in the past month.

    His shareholding comes as the company is expanding its retail footprint, says 7-Eleven Malaysia chairman Abdull Hamid. “We believe that with a shareholder of His Royal Highness’ stature, 7-Eleven’s position in the retail industry will be further strengthened.”

    The group’s largest shareholder, Vincent Tan, says the increased stake by the sultan is good sign in that he is known to be “an astute investor with a keen eye for companies and businesses with strong fundamentals and good growth potential”.

    7-Eleven Malaysia had revenue of RM2.10 billion (US$490 million) with a pre-tax profit of RM70.82 million last year. Incorporated in 1984, the group has more than 2100 outlets that serve 900,000-plus customers daily.

  • AirAsia X launches Ultimate Xventure contest to boost brand loyalty among Millennials

    AirAsia X launches Ultimate Xventure contest to boost brand loyalty among Millennials

    AirAsia X has launched a contest called Ultimate Xventure for youths aged between 18 and 32 seeking “unforgettable” adventure travel experiences.

    The goal of the contest is to introduce New Zealand as an adventurous destination and encourage millennials to experience what it has to offer. Among the main attractions of New Zealand are extreme adventure sports activities including bungy jumping in Queenstown, skydiving in Lake Taupo/Wanaka and water rafting in Rotorua, which offers travelers with a mix of exhilarating adrenaline, speed and nature.

    The winner of the contest will win a grand Prize of flight tickets to Auckland, New Zealand for four people, a four-day and three-night accommodation and also selected activities during the trip.

    For the first part, the social media Ultimate Xventure contest seeks the most creative pictures or videos of adventure sports activities and contestants are required to upload them on their Instagram with the wittiest captions and the official hashtags #UltimateXventure and #AirAsiaX.

    The social media contest has kicked off on 31 July 2017 and will end on 17 August 2017. The judging process will run from 14 until 17 August where one winner will be selected each day and announced through the Fly FM radio.

    The second part or the finale of the Ultimate Xventure contest which is in collaboration with Sunway will take place on 20 August at Sunway Lagoon Extreme Park. The winners will compete in the games that are lined up for Ultimate Xventure contest, which demonstrate the experiences available in New Zealand fulfilling the requirements of adventure seekers.

    AirAsia group chief commercial officer Siegtraund Teh said, hopefully, the contest will not only help to ignite interest of youngsters to choose New Zealand as an adventurous destination but also to create engaging activities that build AirAsia brand loyalty amongst the millennials.

    “New Zealand offers an unbeatable selection of adventure sports, and only AirAsia X can offer ‘unbeatable’ low fares from Kuala Lumpur to New Zealand for young travelers wanting to experience the thrill of a lifetime,” he added.

    Meanwhile, AirAsia has also launched its inaugural flight from Sarawak’s Kuching to Langkawi this week. The new route will operate with 4 times weekly flights on Monday, Wednesday, Friday and Sunday.

    Spencer Lee, AirAsia head of commercial said, “We are committed to continue growing this hub as Sarawak has a lot to offer beyond a tourism destination. Increasing connectivity into Sarawak is important for us as it is also one of the top preferred investment destinations in Malaysia with Sarawak Corridor of Renewable Energy (SCORE) attracting investors to set up manufacturing plants on ICT, agriculture, industrial and many more.”

    Lee added, “Last year, we have flown about 3.2 million guests in and out of our Kuching hub and we believe the introduction of the two new routes to and from Kuching namely Pontianak recently and Langkawi now, echoes our commitment in Sarawak.[…].We look forward to strengthen this hub with further connectivity in the future.”

    Celebratory all-in-fares from RM100 one way are available for booking online at airasia.com from now until 13 August 2017 for the travel period between now and 8 February 2018. The promotional fares are also available on AirAsia’s mobile app on iPhone and Android devices, as well as the mobile site at mobile.airasia.com.

    AirAsia now flies to 11 destinations from Kuching with more than 220 weekly flights one way. Besides Langkawi, other destinations are Miri, Sibu, Bintulu, Kota Kinabalu, Johor Bahru, Kota Bharu, Penang, Kuala Lumpur, Singapore and Pontianak. Fly-Thru guests can also connect to 18 countries from Kuching via its Kuala Lumpur hub such as Thailand, China, Hong Kong, Macao and Indonesia.

  • Cath Kidston Asia sales push profit surge

    Cath Kidston Asia sales push profit surge

    With booming sales, home-furnishing retailer Cath Kidston Asia posted a surge in profits for its latest fiscal year.

    Know for its floral patterns, the UK brand saw its underlying profits bloom by 27.4 per cent to £9.3 million (US$12 million). Turnover increased by nearly 8 per cent to £129.2 million thanks to a 20 per cent increase in overseas sales, particularly in Asia.

    “We’re having a good time across the board,” says CEO Kenny Wilson, noting the aesthetic of “pretty, feminine and floral” works well in Asia. “They also like the essential Britishness of Cath Kidston.”

    Baring Private Equity Asia acquired a majority stake in the brand last October, buying out TA Associates.The Hong Kong-based investment firm identified the Asian markets as a key target for the brand, as it continues to expand in India and Thailand.

    “Our growing international business helps mitigate the effects of the weaker sterling,” says Wilson. The company bought back its Japanese business in 2015, which has also helped with the pound fluctuating following June’s Brexit referendum.

    Cath Kidston’s online business also performed strongly, with sales up more than 10 per cent for the year – an improvement from its operating loss of £2.1 million the previous year.

    Wilson says the company has moved a “meaningful amount” of its product sourcing out of China and intro countries such as Cambodia and Vietnam to mitigate the need for price rises.

    Kidston opened her first shop in London in 1993, selling floral tablecloths, tea towels and crockery. Within a decade the brand had expanded to 219 stores globally, including China, India and Thailand. The designer still owns about 11 per cent of the business, despite having stepped down as creative director in 2014.

  • AirAsia now flies direct to Sihanoukville

    AirAsia now flies direct to Sihanoukville

    Malaysia-based  low cost carrier AirAsia officially launched its first direct flight from Kuala Lumpur to Sihanoukville International Airport yesterday to cater to the increasing number of tourists keen to visit Cambodia’s coastal areas and enjoy its beaches.

    The inaugural AirAsia flight, with 180 passengers onboard, landed at 1:00 PM and returned back to Kuala Lumpur 40 minutes later, according to a Cambodia Airports press release.

    AirAsia’s four times weekly flights from Kuala Lumpur to Sihanoukville is its third route into Cambodia, with the airline flying daily to Phnom Penh and Siem Reap.

    Spencer Lee, commercial head at AirAsia, said that with the expansion of the airline’s services to Cambodia, AirAsia has become one of the key players in the kingdom’s tourism sector.

    “We are thrilled that our first flight to Sihanoukville marked a milestone with a successful full flight for our 50th unique route. As a truly Asean airline, it is our commitment to drive tourism efforts to all countries that we operate in – especially within the region,” said Mr Lee. 

    “This coastal city in Cambodia presents great potential and dynamic opportunities in terms of tourism, trade and economy. We are happy to be a part of this journey to develop Sihanoukville further,” he added.

    “Our footprint in Cambodia to date would not be possible without the help from local parties and we would like to thank the Cambodian airport authorities for their tremendous support.

    “With Sihanoukville added into our extensive network map of over 120 destinations, we hope to enable this city to be a popular tourist destination that enables travellers from the region to experience a hidden side of Asean that has yet to be discovered.”

    Mr Lee said AirAsia aims to develop Sihanoukville to become a tourist hotspot like how it has introduced unique destinations such as Luang Prabang in Laos, Indonesia’s Banda Aceh and Bhubaneswar in India.

    “Travellers looking to bask in the sun and enjoy the waters can look to the unspoiled tropical island of Koh Rong Samloem for beautiful sandy beaches, jungle mountains, mangrove and marine life. While the most popular beach in Sihanoukville, Ochheuteal Beach, boasts a late night scene with restaurants and bars.”

    Eric Delobel, CEO of Cambodia Airports, said that AirAsia’s direct flights to Sihanoukville would better facilitate Cambodia’s connectivity to all parts of the world.

    “Our successful partnership with AirAsia is moving up another step and it is a key driver in connecting Cambodia to the world,” he added.

    Mr Delobel said Cambodia Airports was keen to attract more airlines to Sihanoukville and for that reason it would inaugurate in early 2018 a new airport terminal and at the same time renovate the airport runway to cater to bigger aircraft.

    Taing Sochet Krisna, director of Sihanoukville provincial tourism department, said that AirAsia will help to promote the image of the country’s coastal area and attract more tourists, investment and trade.

    “Now tourists will be able to fly directly to my province,” he said.

  • Just Group director steps down

    Just Group director steps down

    Premier Investments has announced retail veteran and Just Group core brand director, Colette Garnsey, will permanently step down from her role due to a serious medical condition.

    In a statement, the retail group said Garnsey would be unable to work full time and undertake the required travel as part of the role.

    Garnsey was previously group general manager at Pacific Brands.

    She has had over 30 years’ experience in retail and was formerly in senior management at David Jones Limited for over 20 years, most recently holding the position of group GM. She is a board member of Australian Wool Innovation Limited (since 2011), the L’Oréal Melbourne Fashion Festival (since 2006), a committee member of the TCF Innovation Council (since 2010) and a judge of the Veuve Clicquot Business Woman of the Year.

    In its first half results, Premier Investments lifted its underlying first-half profits 9.7 per cent to reach 100.6 million.

    The owner of several retail brands including Smiggle, Peter Alexander, and Just Jeans reported record underlying EBIT of $93.0 million, up 10.6 per cent on the comparable 26 week period last year ($84.1 million). Underlying net profit before tax increased 10.8 per cent to $90.9 million.

    At the time, Premier also announced the appointment of Nicole Naccarella as the new group GM of Jacqui E, reporting to Garnsey. Naccarella joined from Harris Scarfe where she was GM of apparel, and was previously the group GM of womenswear, intimates and accessories at Myer.

    The company also appointed Vicky Kordatou, a former business manager of Myer Miss Shop to the role of merchandise manager for woven tops, dresses and coats. Joanne Simmonds was appointed merchandise manager responsible for knits, separates and accessories and is a former Portmans merchandise manager .

  • AirAsia now flies from Kuching to Langkawi, four times a week

    AirAsia today launched its inaugural flight from Kuching to Langkawi, operating four weekly flights on Monday, Wednesday, Friday and Sunday.

    AirAsia Commercial Head Spencer Lee said the airline is committed to continue growing the hub as Sarawak has a lot to offer beyond being a tourism destination.

    “Increasing connectivity into the state is important for us as it is also one of the top preferred investment destinations in the country, with the Sarawak Corridor of Renewable Energy (SCORE) attracting investors to set up manufacturing plants on ICT, agriculture, industrial and many more,” he said.

    “We have flown about 3.2 million guests in and out of the Kuching hub last year. We believe the introduction of the two new routes; to and from Kuching, namely Pontianak recently and Langkawi today, echoes our commitment in Sarawak,” he said.

    Speaking to the media at the airport’s VIP lounge here, Lee said AirAsia is expected to launch another new international route from Kuching by the end of this year.

    “We will be introducing one more new route, flying to an international destination from Kuching within these few months. We hope to create more routes next year,” he added.

    Meanwhile, state Tourism, Arts, Culture, Youth and Sports Minister Datuk Abdul Karim Rahman Hamzah said AirAsia has done plenty to bring in more routes and it is time for the private sector to play their role.

    “This is a good opportunity for us to attract those from Langkawi as AirAsia is the only airline that connect Sarawak to Langkawi now. We cannot expect the airline to introduce a new route and then assist us in promotion and marketing.

    “Hence, I hope the private sector, especially tour operators as well as the Sarawak Tourism Board, will take the initiative to promote and market Sarawak to the world,” he said.

    “We need more qualified and trained tour guides, commercial complexes as well as more private hospitals to be set up to boost our medical tourism,” he added.

    Karim also touched on negotiations to construct a Low Cost Carrier Terminal (LCCT) in Kuching with AirAsia, and said he hopes it will materialise soon.

    “We are still discussing and negotiating with AirAsia on the LCCT project. I will reveal more when things have being finalised,” he said.

    AirAsia now flies to 11 destinations from Kuching, with more than 220 weekly flights. Besides Langkawi, other destinations are Miri, Sibu, Bintulu, Kota Kinabalu, Johor Bahru, Kota Bharu, Penang, Kuala Lumpur, Singapore and Pontianak.

  • AirAsia May Launch Hua Hin Flights

    AirAsia May Launch Hua Hin Flights

    Malaysia’s AirAsia has indicated the possibility of launching the first regular international flight to Hua Hin in December.

    The no-frills carrier intends to offer a daily service from Kuala Lumpur airport 2 (Klia2) to Hua Hin airport with Airbus A320 narrow-body jets.

    The plans can only be confirmed once the Ministry of Transport approves a package of incentives that the airline has requested to make the flight viable, Darun Saengchai, director general of the Department of Airports, told the Bangkok Post yesterday.

    He did not disclose when the approval is expected, saying only that it should not take too long if the airline is to meet the planned launch date.

    He also did not specify the extent of incentives AirAsia asked for, but insisted that they will not be exclusive to the Malaysian airline, but also offered to others wanting to start international flights to Hua Hin.

    Insiders yesterday confirmed to the Post that AirAsia asked departments to waive parking and landing fees and halve the passenger service charge (airport tax), which is at 400 baht for international passengers, for up to five years and reduce office space rental charges at the airport.

    AirAsia has also asked for a US$15 (500 baht) cash incentive for each international passenger it brings on the flight.

    Officials from local government, state agencies and the private sector held a meeting last week in the district of Prachuap Khiri Khan to make arrangements for the planned AirAsia flight launch.

    AirAsia yesterday would not confirm details of its planned Hua Hin flight launch.

    The department, local authorities and the Hua Hin tourism and hospitality industry are enthusiastic about AirAsia’s plan, which will address the lack of regular commercial flights to the vacation destination.

    Commercial air services to Hua Hin were sporadic in the past, and airlines retreated due to inadequate passenger traffic volumes.

    Thailand’s commuter airline Kan Air was the last to stop its limited domestic flights to Hua Hin early this year due to aircraft issues.

    Earlier, no-frills Thai Lion Air dropped its Hat Yai-Hua Hin flights.

  • Thailand to invest in infrastructure development

    Thailand to invest in infrastructure development

    Thailand’s strategically important geographic location gives it ample advantage to become a primary regional economic hub, not only in trade, investment and tourism, but also in communication and transportation networks that connect to other regions around the world. And the government has in recent years made investment in domestic infrastructure its top priority.

    The Thailand infrastructure action plan for 2017 is worth US$25.2 billion and includes 36 projects, covering rail, roads, air transport and ports around the country. The government plans to begin selling Thailand Future Fund investment units in October as an infrastructure investment alternative. It’s a way of raising liquidity from the public for the construction of massive state infrastructure projects. The unit sales are expected to reap $1.1 billion.

    The Industry Ministry recently revealed that Thailand’s emerging Eastern Economic Corridor (EEC) is expected to see investment in infrastructure projects reach $43 billion in the next five years — for airport expansion, new railways and cities, port development and spurring modern industry.

    Helping ensure the success of its infrastructure development, the government will provide full support, including eliminating barriers, rules and regulations in order to generate real, high-value investments, as well as a one-stop service to facilitate investment in the EEC. The Board of Investment of Thailand (BOI) in turn offers enticing and competitive privileges, including a corporate tax holiday for up to 15 years, exemption from import duties on machinery and raw materials, 17% personal income tax credits for executives, experts and researchers working in designated zones, grants to support investments in R&D, innovation and human resource development, permission to own land for promoted activities, and one-stop service to facilitate business operations.

    An integrated local and cross-border transportation network

    Fast-paced development of a comprehensive network of interconnecting transport routes across the country will accommodate rapidly surging demand for both domestic and cross-border transportation. Government agencies are expediting efforts to call for bids on several new mass-transit routes and an expressway system throughout Greater Bangkok, and motorway, double-track rail and high-speed train projects across the nation.

    Prime Minister Prayut Chan-o-cha has made a personal appeal for public support for the Thai-Chinese high-speed railway planned to link Bangkok to the northeastern province of Nakhon Ratchasima. The same railway is envisioned as connecting with Chinese high-speed trains in Laos traveling to China, as part of a joint Chinese-Thai effort which forms part of Beijing’s vast infrastructure drive known as the “One Belt, One Road” initiative.

    Another high-speed train project, the 193.5-kilometre Bangkok-Rayong route, which will link the Eastern Economic Corridor to Suvarnabhumi, Don Mueang and U-tapao international airports, is in now undergoing a feasibility study and preparations for a public private partnership (PPP).

    Elsewhere in Thailand, a Bangkok-Hua Hin high-speed railway and a mass-transit rapid monorail system for Phuket are currently being assessed for feasibility.

  • Actress Raline Shah appointed as AirAsia Indonesia director

    Actress Raline Shah appointed as AirAsia Indonesia director

    AirAsia Group’s CEO and co-founder Tan Sri Tony Fernandes has announced that the company had appointed noted actress Raline Shah as a new director of PT Indonesia AirAsia.

    Fernandes announced Raline’s appointment through his private Instagram account on Monday, to which he also uploaded a photograph of Raline and himself.

    Fernandes, however, did not mention the exact position Raline would fill. AirAsia Indonesia spokesman Baskoro Adiwiyono also did not respond to questions about her appointment.

    Raline was born in Jakarta on March 4, 1984, and lived in the North Sumatran capital of Medan. She is an actress and a model. She emerged in the public eye when she took part in the 2008 Putri Indonesia Pageant,  in which she was noted as a favorite contestant.

    She has starred several movies, including 5 cm, 99 Cahaya di Langit Eropa (99 Lights in the European Sky), Supernova, and Surga yang Tak Dirindukan (a heaven unmissed).

    Raline graduated from the National University of Singapore with a bachelor of arts in political science.

    The Malaysian aviation company planned to integrate its South-East Asian business, kompas.com reported, but its plans were not in accordance with Indonesian regulations.

    AirAsia has regional branches in Indonesia, the Philippines and Thailand, while its hub is based in Kuala Lumpur.

  • Cebu Pacific launches two new routes for Davao City

    Cebu Pacific launches two new routes for Davao City

    The Philippines has taken another step towards an integrated flight network with two new routes serving Davao City. Cebu Pacific is now running regular services from the Mindanaoan city to Dumaguete and Tacloban.

    The airline’s subsidiary Cebgo will fly on Monday, Wednesday and Friday to and from Dumaguete, and on Tuesday, Thursday, Saturday and Saturday to and from Tacloban.

    The fare from Davao to Dumaguete is pegged at 2,590 pesos and and at 2,142 for Davao to Tacloban.

    Airline spokeswoman Charo Logarta Lagamon said: “Cebu Pacific remains bullish over prospects in Mindanao.

    “We remain optimistic that new routes would benefit not only Davaoeños, but Mindanaoans in general, in terms of strengthening family and cultural ties, fostering domestic tourism and education exchange, and helping harness trade and business opportunities.

    “Our new intra-island routes provide Mindanaoans convenient air connections; and support the government’s push for more infrastructure investments in Mindanao.”

    Ping Remollo, the Mayor of Dumaguete, said: “My hats off to Cebu Pacific for being the pioneer in Dumaguete; for coming in during the time when no other airline would fly to what was considered then a missionary route.

    “The new Davao-Dumaguete route will usher in more flights and improve connectivity. It will increase economic development, extending beyond Negros Oriental to nearby Siquijor; and link Davaoeños and Dumagueteños closer.

    “The Dumaguete City Council will work with our Davao counterpart to forge a partnership between our cities for tourism development.”

    Davao City councillor Danilo Dayanghirang, representing Mayor Sara Duterte-Carpio at the launch, said: “The Philippines is becoming smaller because of Cebu Pacific.

    “We look forward to more flights between cities around the country as we move towards a stronger Philippines.”

    Mrs Lagamon said the new routes would also boost trade and industry in the south. “Additional routes also expand our cargo service capability,” she said.

    “This will mean faster and more efficient means for traders, exporters and entrepreneurs to move their products and raw materials; or for our overseas Filipinos to be able to send their packages back home easier.

    “We are optimistic that the overall improvement in our cargo logistics network in Mindanao will boost the local economy.”

    The new Davao routes join existing Cebu Pacific services to Cebu, Bacolod, Cagayan de Oro, Iloilo, Zamboanga and Manila — the last of which is now served by four daily flights.

  • AirAsia celebrates Asean’s golden jubilee with low fares

    AirAsia celebrates Asean’s golden jubilee with low fares

    AirAsia is celebrating Asean’s 50th anniversary with low fares to all destinations across its regional network.

    The promotion from only RM50 is in conjunction with Asean Day tomorrow, commemorating the founding of the Association of Southeast Asian Nations (Asean) on 8 August 1967.

    To seize this great offer, simply book on airasia.com or the AirAsia mobile app from Aug 7 to 13 for travel between Aug 7 2017 and Feb 8 2018 to any destination in Malaysia, Thailand, Indonesia, the Philippines, Singapore, Brunei, Cambodia, Myanmar, Laos or Vietnam.

    AirAsia Group CEO Tan Sri Tony Fernandes said, “For 50 years, Asean has inspired us with its message of unity. As Aseanists, we want to return the favour and we hope these low fares will inspire the people of Asean to discover more about the region we call home”, said AirAsia Group Chief Executive Officer Tan Sri Tony Fernandes.

    AirAsia is proud to be an Asean airline, with operations in Malaysia, Thailand, Indonesia and the Philippines, and is the only airline that flies direct to all 10 Asean countries.

    AirAsia also offers AirAsia Asean Pass which allows guests to enjoy flights within the region at fixed rates with travel validity up to 60 days.