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Category: Living

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

  • Singapore’s Public Transport Fares To Rise, Offset By Lower Monthly Pass Costs And Transport Vouchers

    Singapore’s Public Transport Fares To Rise, Offset By Lower Monthly Pass Costs And Transport Vouchers

    Singapore’s adult commuters will soon face a 9-10 cent (0.07-0.08 USD) increase in their public bus and train fares per trip, corresponding to an overall public transport price increase of 5%.

    Rising fares from December 27

    Starting from December 27, the base fares for bus and train journeys for adults will increase by 9 cents for journeys up to 17.2 kilometers and by 10 cents for longer trips, according to a statement by the Public Transport Council (PTC) on Tuesday.

    Changes for concessionary card holders

    Fare changes will also affect concessionary card holders, including students, seniors, people with disabilities, and low-wage workers with workfare transport concessions. For these categories, the fare will increase by 3-4 cents for journeys longer than 3.2 kilometers, while fares for shorter trips will remain the same.

    PTC specified that more than a third of all concessionary trips, equating to around 450,000, are 3.2 kilometers or less. These short journeys are typically for commuting to school, work, or local amenities.

    Cash fares on public buses to rise

    Cash fares for public buses will likewise increase; adults will see a 20-cent rise, seniors and people with disabilities will face a 10-cent increase, and students will have a 5-cent increase. The council noted that fewer than 1% of all public transport trips are paid in cash.

    Express bus services fares to increase

    Fares for express bus services, which provide faster commuting options from residential areas to city centers and primary job hubs at higher rates than standard buses, will also see an increase. Adult passengers will pay an additional 49-50 cents per express bus trip, while passengers from concessionary groups will face a 20-24 cent increase. Cash fares for these services will rise by 60 cents per journey.

    Despite the increases, this year’s overall fare increase is less than the 6% and 7% increases experienced in 2024 and 2023, respectively.

    Reduced prices for monthly travel passes

    In an effort to support regular public transport users, the cost of monthly travel passes will decrease by 5% from December 27. The revised prices will be S$122 for adults, S$55 for seniors and people with disabilities, and S$92 for low-wage workers with workfare transport concessions. This discount is expected to benefit approximately 155,000 passengers, according to the council.

    Additionally, the government plans to issue S$60 public transport vouchers to households earning up to $1,800 per person per month to help offset the impact of the fare hikes. These vouchers can be used to top up fare cards or to purchase monthly passes.

    Questions & Answers

    When will the new fare rates take effect?
    The new fare rates will start from December 27.

    Who will be affected by the fare increases?
    The fare increases will affect adult commuters, concessionary card holders (including students, seniors, people with disabilities, and low-wage workers), and users of express bus services.

    What measures are being taken to ease the impact of fare hikes?
    To mitigate the impact of the fare hikes, the government will issue S$60 public transport vouchers to eligible households. Additionally, the price of monthly travel passes will be reduced by 5%.

  • Vietnam’s Fuel Prices Rebound Amid Global Market Shifts And Geopolitical Strains

    Vietnam’s Fuel Prices Rebound Amid Global Market Shifts And Geopolitical Strains

    After a three-week decline, Vietnam’s petrol prices began to rebound on Thursday afternoon. The nation’s widely used fuel, RON95, experienced a 0.91% increase, bringing it to VND19,900 (US$0.76) per litre.

    Shifts in Fuel Prices

    Alongside the price increase of RON95, Biofuel E5 RON92 also experienced a slight uptick of 0.47%, settling at VND19,220 per litre. Conversely, the price for diesel dropped by 0.97% to VND18,420 per litre.

    Factors Influencing Fuel Prices

    Several factors have influenced the global petroleum market over the past week. One key element was the announcement by OPEC+ of their plan to increase oil production for the month of November. While the increase was lower than initially expected, it still made significant waves in the market.

    In addition to OPEC+’s decision, weakening worldwide demand for oil and ongoing issues in Ukraine both had an impact on fuel prices. Specifically, the continued escalation of attacks on Russia’s energy infrastructure by Ukraine has added instability to the market.

    Global Price Changes

    On a global scale, RON95 saw an increase of 0.9%, bring its price to $79. Diesel prices, however, went in the opposite direction, falling by 1.4% to a price of $86.5.

    Questions & Answers

    What caused the increase in Vietnam’s fuel prices?
    The rise in prices was influenced by several factors including OPEC+’s announcement of increased oil production for November and ongoing geopolitical issues in Ukraine.

    Did all fuel prices in Vietnam increase?
    No, while the prices for RON95 and Biofuel E5 RON92 increased, the price for diesel actually dropped by 0.97% to VND18,420 per litre.

    How did global oil prices change?
    Globally, the price for RON95 increased by 0.9% to $79, whereas diesel prices fell by 1.4% to $86.5.

  • Ikea Expands In Philippines With Strategic Ayala Malls Collaboration: Design Services & Online Pick-up At New Outlet

    Ikea Expands In Philippines With Strategic Ayala Malls Collaboration: Design Services & Online Pick-up At New Outlet

    Ikea is expanding its presence in the Philippines by inaugurating its inaugural Plan and Order Shop through a strategic collaboration with Ayala Malls. This initiative aims to provide more convenient access to northern Metro Manila residents.

    The 500-square-meter store, situated in Ayala Malls TriNoma in Quezon City, will avail customers the opportunity to purchase selected items in-store and also function as a complimentary pick-up point for online orders.

    Ricardo Pinheiro, Ikea Philippines’ Country Retail Manager, expressed his elation about being able to serve more Filipinos, especially those in northern Manila. He noted the partnership between Ikea and Ayala Malls as an effective means to create spaces that are not only accessible but also convenient and inspiring.

    Adding to its unique features, the new store will house a design service. Here, customers can seek expert assistance in planning their home interiors from a team of 14 Ikea employees, each trained in interior design.

    Pinheiro highlighted that the new Plan and Order Shop at TriNoma encapsulates Ikea’s democratic design philosophy. He mentioned that it provides a convenient option for those residing in northern Metro Manila. He also acknowledged the strategic location of TriNoma as being in line with Ikea’s sustainability philosophy.

    He emphasized, “TriNoma’s strategic location aligns with our sustainable philosophy in the most practical sense—it saves our customers gas, time, and effort while still giving access to Ikea’s well-designed, affordable home solutions.”

    The TriNoma outlet, set to open its doors on October 23, marks Ikea’s second store in the country.

    Questions & Answers

    Where will the new Ikea Plan and Order Shop be located?
    The new Ikea Plan and Order Shop will be located at Ayala Malls TriNoma in Quezon City, northern Metro Manila, Philippines.

    What unique features will the new Ikea store offer?
    The new Ikea store will feature a design service where customers can work with Ikea employees trained in interior design to plan their home interiors. The store will also serve as a free collection point for online orders.

    When is the Ikea TriNoma outlet slated to open?
    The Ikea TriNoma outlet is scheduled to open on October 23.

  • Hidden Financial Strain: Singapore’s Workforce Grapples With High Out-of-pocket Expenses

    Hidden Financial Strain: Singapore’s Workforce Grapples With High Out-of-pocket Expenses

    A recent study by Airwallex, an international financial platform, reveals an overlooked financial burden weighing heavily on Singapore’s workforce. The study shows that a significant portion of workers are spending a substantial amount of money on work-related expenses before reimbursement, leading to a growing demand for changes in corporate policies.

    The research indicates that almost two-thirds of Singaporean employees spend up to S$5,000 annually on business-related expenses from their own pockets. Furthermore, 23 percent spend up to S$15,000, and a startling 5 percent spend over S$20,000 each year. The sectors with the most significant out-of-pocket spending are the hospitality and leisure industry, manufacturing, and education, with 15 percent, 13 percent, and 8 percent of their employees spending above S$20,000 respectively.

    Reimbursement Delays and Rising Tensions

    The issue of high employee spending is compounded by lengthy reimbursement wait times. The study shows that about 19 percent of workers wait between three and four weeks to be reimbursed, with some waiting even longer. Although most employees believe reimbursements should be processed within four to five business days, only 6 percent are reimbursed on the day they spend. According to the report, this discrepancy between expectation and reality points to a systemic problem in expense management across various industries.

    Personal Finance Strains

    The financial impact of delayed reimbursements is telling, with 41 percent of workers reporting financial stress due to slow repayments. Younger employees, those between the ages of 18 and 34, are the hardest hit. Disturbingly, 28 percent have had to withdraw from personal savings to cover business expenses, and 52 percent resort to using credit cards, which exposes them to potential interest charges and debt. This strain has also led to behavioral changes in the workplace, with 12 percent of employees avoiding company events to evade upfront costs, and 7 percent quitting their jobs due to poor reimbursement procedures.

    Need for Reforms

    The demand for modern solutions is strong among employees. A significant 85 percent of respondents believe that the introduction of corporate cards would mitigate reimbursement concerns by reducing out-of-pocket spending and financial pressure. In the face of challenges in talent retention and economic volatility, experts argue that improving expense management processes is no longer a luxury but a necessity for maintaining employee satisfaction and welfare.

    Corporate Solutions

    Lionel Tan, Director of Account Management, SME & Growth at Airwallex, comments on the company’s commitment to helping businesses streamline their financial operations. Through simplifying expense management, they aim to alleviate the pressure on employees who would otherwise be out of pocket, while providing businesses with better visibility and control over company expenditure. Airwallex’s tools, such as instant reimbursements, real-time spending controls, and integration with accounting platforms, are designed to increase the efficiency of companies both domestically and internationally.

    Financial Well-Being at the Forefront

    With financial well-being becoming a crucial element in employee retention and workplace morale, adopting smart, digital-first tools like those offered by Airwallex could be a pivotal moment. For Singapore’s workforce, where a large number continue to pay to work, technology might finally bring about the speed, transparency, and fairness they have been seeking.

    Questions & Answers

    What percentage of Singaporean employees spend up to S$5,000 annually on out-of-pocket work-related expenses?
    Approximately two-thirds of Singaporean employees spend up to S$5,000 annually on business-related costs out of pocket.

    What impact do delayed reimbursements have on employees?
    Delayed reimbursements contribute to financial stress among employees. This is particularly significant among younger workers aged 18-34. Employees have also reported needing to use personal savings or credit cards to cover business expenses due to slow repayments.

    What solutions do employees believe would help alleviate reimbursement concerns?
    A significant 85 percent of respondents believe that the introduction of company corporate cards would mitigate reimbursement concerns by reducing out-of-pocket spending and financial pressure.

  • Marimekko Unveils Flagship Store In Causeway Bay: A Revitalized Shopping Experience

    Marimekko Unveils Flagship Store In Causeway Bay: A Revitalized Shopping Experience

    Marimekko, the iconic Finnish design company, is globally renowned for its fashion and home decor products featuring vivid, abstract prints designed to spread an ethos of joy and positivity. This lifestyle brand is an embodiment of timeless elegance and a summery sense of joy. If you are drawn to the brand’s vibrant ‘flower power’ aesthetic, make a note of October 16 in your diary. That’s when Marimekko is set to unveil a new flagship store in Causeway Bay. This eagerly awaited launch is significant, as it symbolizes not only a new beginning for Marimekko in Hong Kong but also the company’s dedication to crafting an immersive in-store retail experience that strikes a chord with customers.

    Marimekko’s Return to Causeway Bay

    Marimekko first broke into the Hong Kong market in 2012, opening a store on Leighton Road in Causeway Bay. The forthcoming flagship store, remaining on the same street, represents a sort of homecoming for the brand. However, this is not just a return, but a stunning transformation; a fresh design and expanded offerings promise a completely reimagined Marimekko experience for its Hong Kong-based fans. Moreover, the store’s façade, centered around Marimekko’s well-known ‘Unikko’ print, will be unmissable, serving to highlight the brand’s printmaking legacy. Upon entering the shop, customers will feel as though they’ve been transported to Marimekko’s textile printing factory in Helsinki, with the striking interior design inspired by the Finnish workshop.

    What to Expect from the New Flagship

    Marimekko fans can anticipate a carefully curated collection of products, including clothing, accessories, home furnishings, and even printed fabrics — all emblazoned with the brand’s signature prints. Items featuring the ‘Unikko’ design are sure to be a hit, but the bold ‘Kivet’ and sleek ‘Tiiliskivi’ prints are expected to be crowd pleasers as well.

    At present, Marimekko has six retail sites in Hong Kong, including an outlet shop at Citygate Outlets in Tung Chung, so the new Leighton Road flagship will find itself in good company. Furthermore, according to a Marimekko Instagram post, eligible purchases will be accompanied by a complimentary Marimekko tote bag — an incentive that is sure to entice shoppers!

    Questions & Answers

    When did Marimekko first enter the Hong Kong market?
    Marimekko first entered the Hong Kong market in 2012, with a store on Leighton Road in Causeway Bay.

    What’s special about the new flagship store in Causeway Bay?
    The new flagship store represents a homecoming for Marimekko. It features a completely new design and an expanded range of offerings, promising a unique Marimekko experience for fans in Hong Kong.

    What can customers expect from the new Marimekko store?
    Customers can look forward to a carefully curated selection of products, including clothing, accessories, home goods, and printed fabrics, all featuring the brand’s signature prints.

  • Reviving Nostalgia: Bandai’s Tamagotchi Factory Revamps Interactive Retail In Tokyo’s Harajuku District

    Reviving Nostalgia: Bandai’s Tamagotchi Factory Revamps Interactive Retail In Tokyo’s Harajuku District

    A unique factory-themed concept store named “Tamagotchi Factory!” is preparing to open its doors in the Harajuku district of Tokyo. This venture is Bandai’s first permanent retail space since the shuttering of Tama Depa in 2017 and it comes in response to a resurgence in the brand’s popularity worldwide.

    The Tamagotchi Factory! will be located on the third floor of the Harakado building in the Jingumae area of Shibuya. This store will offer patrons an opportunity to blend retail shopping with an interactive experience, centered around the theme of a fun, functioning factory.

    Visitors to the store will have the opportunity to customize their virtual pets to their liking. The store’s interior decor, as well as the staff uniforms, have been designed to reflect the whimsical factory theme, effectively immersing patrons into the lively factory environment.

    Of the store’s many attractions, one standout feature is the “Minitama Fill-Up!” station. Here, customers will be able to fill up Tamagotchi-shaped bottles with miniature figures and themed items. The selection will include a variety of items such as sweets, rice balls, and even the brand’s signature “poop” icons.

    The virtual pet franchise, which made its debut in the 1990s, has sold over 100 million units globally. It continues to expand and evolve, capturing the hearts and minds of both nostalgic collectors and a new generation of Tamagotchi fans.

    Questions & Answers

    What is Tamagotchi Factory!?
    Tamagotchi Factory! is a factory-themed concept store owned by Bandai, located in the Harajuku district of Tokyo. This store encompasses a unique combination of retail shopping and interactive elements, providing a fun and immersive experience for visitors.

    What can visitors expect at the Tamagotchi Factory!?
    Visitors to the Tamagotchi Factory! can customize their virtual pets, fill Tamagotchi-shaped bottles at the “Minitama Fill-Up!” station with a variety of miniature figures and themed items. The store’s interior decor and staff uniforms are designed to reflect a whimsical factory theme.

    What is the history of the Tamagotchi brand?
    Tamagotchi is a virtual pet franchise that debuted in the 1990s and has since sold over 100 million units worldwide. The brand continues to expand, appealing to both nostalgic collectors and a new generation of fans.

  • Google Meet Revolutionizes Video Calls With Ai-powered Makeup Filters

    Google Meet Revolutionizes Video Calls With Ai-powered Makeup Filters

    Google Meet, the popular online conferencing platform, has introduced a game-changing feature: AI-driven makeup filters. Users can now choose from 12 different styles, ranging from subtle to dramatic, that lend an instant touch of refinement to their on-screen appearance.

    Always Camera-Ready with Google Meet

    There’s no question that the prevalence of video conferencing has necessitated new ways to stay camera-ready, often at a moment’s notice. Google Meet’s latest upgrade is designed to meet this exact need. Building on their existing ‘Touch-up’ feature, they have added 12 new makeup filters powered by artificial intelligence.

    Notably, these filters are more than just standard overlays that are prone to flaws or glitches. Google assures that these AI-driven filters maintain a natural and consistent effect, regardless of whether you’re sipping coffee, touching your face, or moving around. Depending on your mood or preference, you can opt for a look that is professional and polished, or one that’s a bit more daring.

    While the feature is not activated by default, users can easily enable it and select their desired look on either the web-based platform or mobile application. The chosen look will conveniently be saved and applied for subsequent meetings, creating a seamless solution for users wanting to maintain their on-screen appearance.

    Keeping Pace with Competitors

    Google Meet is not the first video conferencing platform to venture into virtual makeup. Both Microsoft Teams and Zoom have previously integrated similar features. This trend underlines an acknowledgment from tech giants that virtual meetings are here to stay, and offering features to enhance these experiences is crucial.

    For individuals working remotely or in hybrid work environments, these kinds of features can be highly beneficial. They provide a quick and easy solution to appearing more professional and confident on camera, eliminating the need to get fully ready for each call. This can significantly affect how you present yourself professionally.

    Practicality Over Vanity

    While the introduction of makeup filters in video conferencing might initially be met with skepticism, their practicality soon becomes apparent. It isn’t so much about vanity as it is about convenience and confidence. For those with early morning meetings or days filled with back-to-back calls, the ability to click a button and instantly look presentable is undoubtedly advantageous.

    However, the use of this feature is optional, and it is deactivated by default. Users can activate and use it as required. Currently, this service is available to certain Google Workspace Business and Education tiers and to Google One and Google Workspace Individual subscribers.

    Questions & Answers

    What is Google Meet’s new feature?
    Google Meet’s new feature is an AI-driven makeup filter that users can apply to enhance their on-screen appearance during video calls.

    How can I enable the new makeup filter feature on Google Meet?
    The makeup filter feature can be enabled on the settings page of either the web-based platform or mobile application of Google Meet.

    Who can use the AI-driven makeup filter feature on Google Meet?
    Currently, this feature is accessible to certain Google Workspace Business and Education tiers and to Google One and Google Workspace Individual subscribers.

  • Apple’s Leadership Reshuffle: A Strategic Leap Towards Subscription-based Health Services

    Apple’s Leadership Reshuffle: A Strategic Leap Towards Subscription-based Health Services

    Apple Inc. is currently undergoing an extensive internal reshuffling due to the upcoming retirement of its longstanding Chief Operating Officer (COO), Jeff Williams. This strategic reorganization is prompting shifts in the leadership of key divisions such as Health, Fitness+, and watchOS, which provides a clear indication of the company’s future objectives.

    Leadership Transitions at Apple

    Significant alterations are unfolding within the confines of Apple Park. Jeff Williams, the COO and second-in-command to CEO Tim Cook, is nearing retirement, leading to the redistribution of his broad remit across the company. This is not merely a promotion, but a fundamental realignment of how some of Apple’s most crucial product groups will be run in the future.

    The specifics of this executive reshuffle are as follows:

    – The Health and Fitness+ teams are being merged and will report to Eddy Cue, the head of services at Apple.
    – The watchOS team will be overseen by Craig Federighi, who is responsible for software engineering for iOS, macOS, and iPadOS.
    – Full decision-making authority for the Apple Watch hardware will be transferred to John Ternus, the head of hardware engineering, who is rumored to be Cook’s potential successor.

    Strategic Changes for Future Growth

    This reorganization is much more than an administrative makeover; it clearly indicates Apple’s strategic trajectory. By reassigning the entire Health and Fitness division to Eddy Cue, it is aligned firmly with the services business. Given that Fitness+ operates on a subscription model, and a paid Health+ service is reportedly in the pipeline for next year, this alignment is logical. It suggests that Apple envisions a subscription-based future for its health initiatives, akin to Apple Music and TV+.

    Similarly, the consolidation of watchOS under Craig Federighi smoothens software development processes. Federighi will now manage every major Apple operating system, with the sole exception being tvOS. This is expected to facilitate greater integration across the entire ecosystem, leading to a more seamless user experience across iPhone, Mac, and Watch devices. This strategic shift is instrumental in gearing Apple for its next decade of expansion.

    Questions & Answers

    What precipitated Apple’s recent reorganization?
    The impending retirement of Jeff Williams, the company’s longstanding COO, triggered a significant internal restructuring at Apple.

    What are the implications of the reorganization for Apple’s key divisions?
    The Health and Fitness+ teams will now report to Eddy Cue, the head of services at Apple. The watchOS team will be overseen by Craig Federighi, and all Apple Watch hardware decisions will be handled by John Ternus, the head of hardware engineering.

    What does this reorganization indicate about Apple’s future strategy?
    This restructuring signifies Apple’s strategic direction towards subscription-based models for its health initiatives, and greater integration across its ecosystem for a seamless user experience.

  • New features make the Google Translate app more useful and easier to use

    New features make the Google Translate app more useful and easier to use

    Google Translate, as per the company’s claim, processes a staggering one trillion words every month. Due to the sheer volume and diversity of languages and words, inaccuracies in translation are inevitable. However, Google is testing a new feature for its Google Translate app that could provide more transparency and functionality in its translation process.

    New Features for Google Translate

    Google Translate is experimenting with two new buttons named “Understand” and “Ask,” replacing the existing “Ask A Follow-up” feature that currently doesn’t exist in the iOS version of the app.

    The “Understand” button aims to shed light on the rationale behind a given translation, offering context and insight about the translated text. This information includes in-depth grammar explanations that delve into sentence structure, explanations of word sense and idioms used in translation, and cultural notes highlighting how cultural nuances such as politeness levels or gender influences have factored into the translation.

    The “Ask” button, on the other hand, empowers users to request AI assistance for a customized or improved translation. Users can request a translation with a specific tone – formal, casual, or simplified, alternative translations, regional variants of the translation, or usage of a particular phrase or word in a sentence. These AI-powered buttons are still considered experimental, though.

    Enhancing Accessibility

    Google is also testing another feature in its Android app that displays translated text in a larger font size, improving accessibility for users with less than perfect vision. This larger font is also visible in the full-screen mode of the app.

    This feature is already available in the iOS version of Google Translate and is expected to arrive on the Android version soon.

    Transforming Language Learning

    Google Translate is expanding its horizons beyond basic language translation, according to product manager Matt Sheets. He added that users can now “listen and speak with confidence on the topics you care about.” These statements align with Google’s earlier announcement that Google Translate would become more educational, offering language-learning features similar to Duolingo.

    In the app, a “Practice” button at the bottom right of the display allows users to select English, Spanish, French, or Portuguese to learn either Spanish or French. Users can also pick their current proficiency level in the language they wish to learn, with options for Basic, Intermediate, or Advanced.

    Questions & Answers

    What are the new features being tested in the Google Translate app?
    Google is experimenting with two new buttons, “Understand” and “Ask,” which aim to provide the reasoning behind a translation and allow users to request a customized translation, respectively.

    What is the purpose of the larger font size being tested in Google Translate for Android?
    The larger font size is designed to improve accessibility for users with less than perfect vision, making it easier for them to see the translation.

    What language learning features does Google Translate offer?
    Google Translate offers a “Practice” feature where users can choose to learn Spanish or French in English, Spanish, French, or Portuguese. They can also select their current proficiency level in the language they’re learning.

  • Black Eyed Peas Announce Grand Return To Hong Kong After Two Decades

    Black Eyed Peas Announce Grand Return To Hong Kong After Two Decades

    Mark the 19th of November on your calendars, as the Grammy-winning R&B, hip-hop, and pop sensation, The Black Eyed Peas, are set to make a grand return to Hong Kong. The concert will take place at AXA Wonderland in West Kowloon.

    Back After Twenty Years

    Almost two decades have passed since The Black Eyed Peas last performed in Hong Kong, their memorable show taking place at the AsiaWorld-Expo. Fans can anticipate an energizing blend of fresh tracks and some of the band’s most recognizable chart-topping hits. Many will be hoping for renditions of popular songs such as ‘Where Is the Love?’, ‘I Gotta Feeling’, ‘Pump It’, ‘Boom Boom Pow’, and ‘Let’s Get It Started’, and would undoubtedly be ready to dance along if they played.

    The Current Formation

    The current line-up for The Black Eyed Peas includes will.i.am, apl.de.ap, and Taboo. The group’s vocal duties have been taken over by the Filipino-American singer, J. Rey Soul, after the departure of Fergie in 2018. While fans may miss Fergie’s distinctive vocals, they can still look forward to a nostalgic night filled with singing along to their favorite tunes from the 2000s and dancing like it’s 2005.

    Tickets and Pricing

    There’s currently no word on when tickets will go on sale or what the pricing tiers might be. Keep an eye out for further details!

    Questions & Answers

    When is The Black Eyed Peas’ concert in Hong Kong?
    The concert is scheduled for the 19th of November.

    Who are the current members of The Black Eyed Peas?
    The current formation of the group includes will.i.am, apl.de.ap, Taboo, and J. Rey Soul.

    What can fans expect from the concert?
    Fans can look forward to a nostalgic evening featuring a mix of new material and some of the band’s most popular chart-topping hits.

  • Vietnam Leads In Projected Salary Growth In Southeast Asia, Says Global Study

    Vietnam Leads In Projected Salary Growth In Southeast Asia, Says Global Study

    Vietnam is projected to have the most significant salary increase among Southeast Asian countries in 2025, with an estimated growth rate of 7.7%, according to a recent study by a leading global professional services firm.

    Salary Increase and Turnover Study for Southeast Asia

    The study, which ran from July to September 2025, assessed salary alterations and staff turnover rates from over 700 businesses in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The research indicated that the anticipated salary hikes for Southeast Asia (SEA) are projected to be 5.3% for 2026.

    When examining salaries across various industries per country, the life sciences and medical devices sector is predicted to witness the highest increase in Singapore (4.6%), whereas technology is leading in Vietnam (7.1%) and Indonesia (5.9%). In Malaysia, the consulting, business, and community services sector takes the lead with an expected increase of 4.8%.

    Retaining Top Talent and Reducing Attrition

    Rahul Chawla, the partner and head of Talent Solutions for Southeast Asia at the professional services firm, highlighted the dual challenges organizations are currently grappling with. As companies across SEA ramp up their investments in technology and strategic ventures, they are increasingly concentrating on retaining their best and most skilled employees. According to Chawla, balancing escalating compensation costs with the necessity for agility is paramount. The most successful enterprises are utilizing real-time market data and total rewards strategies to stay competitive.

    The study found that employee attrition rates were in double digits across all countries in the region. The Philippines and Singapore are anticipated to have the highest turnover rates, at 20.0% and 19.3% respectively, followed by Malaysia at 18.2%.

    Attrition rates also differ across industries, with the consulting, business, and community services sector topping the list with a rate of 22.6%. This is followed by the retail sector at 21.6% and manufacturing at 17.5%. The research revealed that 42% of businesses report difficulties in hiring or keeping employees.

    Skills Gap Challenges

    The study also found that 63% of businesses are currently dealing with skills gap challenges, while 12% anticipate short-term gaps, and 16% foresee longer-term gaps. Roles in information technology, engineering, and sales remain the most difficult to fill, while new hire premiums range between 1.3 to 8.2%, which is lower than the previous year, indicating an increased focus on cost control.

    The most sought-after “hot jobs” include sales (24%), information technology (24%), artificial intelligence (AI)/machine learning (ML) (21%), cybersecurity (20%), and engineering (19%). This trend towards digital and risk-focused skills suggests that firms are emphasizing sustained compensation strategies to secure skills that are crucial for the future in an increasingly competitive market.

    Evon Lock, head of data solutions for Southeast Asia at the professional services firm, commented that despite the hiring and retention pressures, most organizations remain cautiously optimistic and plan to maintain or slightly increase their workforce.

    Questions & Answers

    What is the expected salary increase in Vietnam in 2025?
    The expected salary increase in Vietnam in 2025 is 7.7%.

    Which industry is projected to have the highest salary increase in Singapore?
    The life sciences and medical devices industry is expected to have the highest salary increase in Singapore.

    What are the most in-demand jobs according to the study?
    The most in-demand jobs are in sales, information technology, artificial intelligence/machine learning, cybersecurity, and engineering.

  • Global Oil Market Fluctuates: Opec+ Decision, Demand Drop, And Ukraine-russia Conflict Factors

    Global Oil Market Fluctuates: Opec+ Decision, Demand Drop, And Ukraine-russia Conflict Factors

    Over the last week, various elements have shaped the worldwide oil and gasoline market. Among these factors are a smaller-than-predicted rise in oil production for November as stated by OPEC+, a deteriorating trend in global oil demand, as well as ongoing assaults on Russia’s energy base by Ukraine.

    Shifts in Fuel Prices

    There has been a noticeable decline in the prices of RON95 and diesel. RON95 experienced a 2.9% decrease, bringing its price down to $78.3. In parallel, diesel’s cost also fell by 2.6%, reducing its price to $87.66.

    Impacts and Implications

    These shifts in costs indicate a powerful interplay among various factors. The OPEC+ decision to curb the expected rise in production, the fall in global oil demand, and the continued infrastructural attacks in Russia by Ukraine are all working in concert, directly impacting the global oil and gasoline market.

    Questions & Answers

    What factors affected the global oil and gasoline market over the past week?
    Several elements have influenced the worldwide oil and gasoline market in the last week. These include a less-anticipated increase in oil production from OPEC+, a declining global oil demand trend, and ongoing assaults on Russia’s energy infrastructure by Ukraine.

    How have fuel prices changed recently?
    Prices for both RON95 and diesel have seen a significant drop. RON95 decreased by 2.9%, bringing it to $78.3, while diesel fell by 2.6%, reducing its price to $87.66.

    How do these factors interplay to affect the market?
    The various influences such as the unexpected OPEC+ production decision, falling global oil demand, and the continuous attacks on Russia’s infrastructure by Ukraine have a combined effect on the global oil and gasoline market. They work together to cause price fluctuations and shifts in the market.

  • Techcombank brings an AI-powered experience to 13,000 runners at the Hanoi International Marathon

    Techcombank brings an AI-powered experience to 13,000 runners at the Hanoi International Marathon

    The 4th Techcombank Hanoi International Marathon provides an AI-powered video experience for 13,000 runners. For the first time in Vietnam, an AI video generator enabled every runner to create a personalised video to recreate their race experience
    Hanoi, October 8th, 2025 – Following the success of the previous three seasons, the 4th Techcombank Hanoi International Marathon was held on 5th October 2025 and attracted over 13,000 Vietnamese and international athletes who competed over courses running past many of Hanoi’s most iconic cultural landmarks. For the first time ever in Vietnam, an AI video generator enabled every runner to create a personalised video of their race to celebrate their achievement and spread the spirit of Run for a Greater Vietnam.

    The 4th Techcombank Hanoi International Marathon was held under the direction of the Hanoi People’s Committee, organized by the Hanoi Department of Culture and Sports, in collaboration with Vietnam Technological and Commercial Joint Stock Bank (Techcombank) and Sunrise Events Vietnam (SEV).

    A unique feature of this year’s marathon was the application of AI video generation technology on the racecourse to create personalized highlight videos for every runner. By uploading a photo of themselves to an AI video generator, each runner could receive a video within 24-36 hours that recreated their most memorable moments as they ran past the historic landmarks of Hanoi. These videos enabled every runner to become an ambassador for the Techcombank Hanoi International Marathon and Techcombank’s Run for a Greater Vietnam initiative.

    The 4th season of the Techcombank Hanoi International Marathon attracted nearly 1.5 times as many runners as the previous edition. Offering a well-designed racecourse passing through Hanoi’s most famous historic districts, a unique AI-powered video experience and organized to international standards, the event delivered a world-class experience for its runners.

    More than 13,000 runners from 51 countries and territories competed in the 4th Techcombank Hanoi International Marathon, turning Hanoi into a global meeting point. Participants in the races passed through five historic districts in Hanoi and saw many of the city’s most famous landmarks, including the Ho Chi Minh Mausoleum, Long Bien Bridge, and the National Assembly building. Notably, the half-marathon (21km) featured the oldest ever participant in a marathon in Vientam – an 81-year-old runner.

    Ms. Thai Minh Diem Tu, Chief Marketing Officer at Techcombank, said: “The 4th Techcombank Hanoi Marathon was a fantastic occasion that brought the community together, promoted physical fitness and enabled runners to experience the wonderful city of Hanoi. We believe that a Greater Vietnam is not only built on a strong economic foundation, but also on a healthy, connected, and aspirational community. This is why we continue to support the Techcombank Hanoi International Marathon as part of our long-term strategy to elevate the quality of life for Vietnamese people. For the first time ever in Vietnam AI technology has been used to give every runner a personalised highlights video of their race to enable them to share their experience and spread the spirit of Run for a Greater Vietnam in the community”.

    Techcombank’s Run for a Greater Vietnam initiative encompasses community engagement activities aimed at promoting healthy lifestyles among Vietnamese. These include support for the annual Techcombank Hanoi and Ho Chi Minh City International marathons, which in 2024 attracted over 28,000 runners across the two events.

    In addition to the official races, the 4th Techcombank Hanoi International Marathon event also offered a range of other activities for the community held over three days, from October 3 to October 5, 2025. The highlight of these activities was the KIDS RUN, which comprised two races for young athletes from 5 to 14 years, over distances of 1.5 km and 3 km.

    To coincide with the marathon, Techcombank contributed VND 2 billion to the “For the Poor” Fund of Hanoi to build community houses, the Hanoi Child Protection Fund, and the Hanoi Federations of Basketball, Cycling, and Motorsports. This contribution was part of Techcombank’s long-term strategic mission to create better lives, make a positive contribution to the community, and fulfill its corporate social responsibility for a sustainable future.

  • Ikea Acquires Us Tech Firm Locus To Reinforce Delivery Services And Optimize Online Shopping Experience

    Ikea Acquires Us Tech Firm Locus To Reinforce Delivery Services And Optimize Online Shopping Experience

    Swedish furniture giant Ikea has announced the acquisition of US-based logistics technology company, Locus. This strategic move is aimed at enhancing Ikea’s delivery services and facilitating a faster and more streamlined online shopping experience.

    The Strategic Acquisition

    The acquisition is part of a broader $2.2 billion strategic investment by the Ingka Group, the world’s largest Ikea franchisee, in the US market. In the highly competitive US retail sector, Ikea is up against major players like Wayfair and Walmart, while also grappling with increased costs due to higher import tariffs.

    While the specifics of the deal have not been made public by Ikea, Locus was valued at $300 million during its most recent investment round in 2021. Ikea’s decision to acquire Locus is projected to simplify its logistics framework and decrease delivery costs by an estimated 100 million euros ($117.41 million) globally each year.

    Utilizing Artificial Intelligence

    Locus employs artificial intelligence to optimize the grouping of orders and define routes that reduce time spent in traffic by delivery vehicles. This is a significant improvement over the current manual planning process carried out by Ikea employees, according to Parag Parekh, Chief Digital Officer at Ingka Group.

    In addition to delivering faster, Locus will also facilitate Ikea in providing customers with more delivery windows and options. Shoppers will also receive live updates on the location of their packages. Initially, Ikea plans to pilot this technology in the US and UK before implementing it worldwide.

    Improving the Customer Experience

    “Apart from the aspect of speed, the flexibility and the ability to track will significantly improve customer experience,” explained Parekh. As part of the agreement, Locus will continue operating independently and servicing clients beyond Ikea.

    Expansion in the US Market

    With a reputation for its large, blue suburban stores featuring an array of furniture in a maze-like layout, Ikea has been shifting its focus towards its online business and investing in smaller city-center stores to attract younger, urban shoppers.

    Online sales constituted 28% of Ikea’s total retail sales in the 2024 financial year, a significant increase from 11% in 2019. This strategic acquisition follows Ingka Investments’ purchase of a Manhattan building for $213 million, indicating a commitment to US expansion, despite higher furniture import tariffs.

    Questions & Answers

    What is Ikea’s aim with the acquisition of Locus?
    Ikea aims to enhance its delivery services and facilitate a faster, more efficient online shopping experience with the acquisition of Locus.

    How will Locus’ technology benefit Ikea’s operations?
    Locus’ artificial intelligence technology will allow Ikea to optimize the grouping of orders and define delivery routes, reducing delivery times and associated costs. It also enables Ikea to offer customers more delivery options and real-time tracking of their packages.

    What impact has the focus on online sales had on Ikea’s business?
    The focus on online sales has significantly boosted Ikea’s retail sales, accounting for 28% of total sales in the 2024 financial year, up from 11% in 2019.

  • Gold’s Gym Partners With Img Licensing To Launch Branded Consumer Products Globally

    Gold’s Gym Partners With Img Licensing To Launch Branded Consumer Products Globally

    Gold’s Gym, a long-standing name in the fitness industry, is expanding its horizons beyond its health centers. The company has entered into an exclusive multi-year agreement with IMG Licensing, marking a significant move towards the introduction of branded consumer products on a global scale.

    Sven Thierhoff, Vice President at IMG Licensing, expressed his excitement about the venture. He referred to Gold’s Gym as a legacy fitness brand, and together, they have ambitious plans to deliver high-quality, sustainable products and experiences that will further consolidate Gold’s Gym’s reputation as a trusted pioneer in serious training and fitness culture.

    This strategic move will propel the 60-year-old fitness brand into new markets, such as nutrition and supplements, footwear, travel gear, and sports and leisure goods. This will also lead to an expansion of their existing range of apparel and fashion items.

    Danny Waggoner, CEO of Gold’s Gym, commented on the partnership with IMG. He emphasized that the collaboration allowed them to extend their philosophy from the confines of the physical fitness center into products and experiences. The goal is to inspire people to lead healthier and stronger lives every day.

    Questions & Answers

    What is the primary aim of Gold’s Gym’s partnership with IMG Licensing?
    The primary aim of the partnership is to roll out branded consumer products worldwide.

    What new markets will Gold’s Gym enter with this expansion?
    With this expansion, Gold’s Gym will be entering new markets, including nutrition and supplements, footwear, travel gear, and sports and leisure goods, while also broadening their existing apparel and fashion lines.

    How does the CEO of Gold’s Gym, Danny Waggoner, view this partnership?
    Danny Waggoner views this partnership as an opportunity to extend their philosophy beyond the physical gym, inspiring people to live healthier and stronger lives every day through their products and experiences.