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.

  • Indonesian Vape Retailers Implement 21+ Policy to Curb Youth Smoking Rates: A Step Toward Healthier Choices

    Indonesian Vape Retailers Implement 21+ Policy to Curb Youth Smoking Rates: A Step Toward Healthier Choices

    The Association of Indonesian Vape Retailers (Arvindo) has issued a directive to all its member stores to cease the sale of e-cigarettes to individuals under the age of 21. The Association has mandated that retailers display signage indicating the age restriction and confirm the age of customers using valid identification.

    The Chairman of Arvindo, Fachmi Kurnia, stated that this move aligns with governmental attempts to restrict access to vaping amongst the youth. This sentiment is shared by the Tar and Smoke Free Movement (Gebrak), which advocates for the usage of alternative tobacco products to be limited to adult smokers only.

    Additionally, Arvindo has encouraged policymakers to incorporate science-based regulations into their considerations and recognize the potential of vaping to reduce harm. This suggestion was supported by a 2025 study from the JAMA Network, which found that e-cigarettes were the leading tool for smoking cessation in England.

    On the other hand, Garindra Kartasasmita, Chairman of Gebrak, emphasized that e-cigarette retailers need to take a more proactive role in informing customers about the health risks associated with smoke and tar. He also urged retailers to provide comprehensive information about alternative products.

    These developments come at a time when Indonesia is grappling with persistently high smoking rates. According to government data, there are an estimated 70 million active smokers in the country, a significant portion of which are youths.

    Data from a global youth survey further revealed an increase in the smoking prevalence amongst students aged 13-15, from 18.3% in 2016 to 19.2% in 2019. The survey also indicated high smoking rates amongst those aged 15-19.

    Questions & Answers

    What directive has Arvindo issued to its member stores?
    Arvindo has asked all its member stores to stop selling e-cigarettes to customers under 21, display 21+ signage, and verify the customers’ age with valid identification.

    What is Arvindo asking of policymakers?
    Arvindo is urging policymakers to adopt science-based regulation and to consider the potential of vaping as a harm reduction strategy.

    What has been the trend in smoking prevalence among young people in Indonesia?
    According to a global youth survey, smoking prevalence among students aged 13-15 in Indonesia increased from 18.3% in 2016 to 19.2% in 2019, with the highest rates seen among those aged 15-19.

  • YouTube Premium Lite Expands Offerings: Background Play and Downloads Now Included!

    YouTube Premium Lite Expands Offerings: Background Play and Downloads Now Included!

    Google has recently fortified its efforts to prevent unauthorized access to key YouTube Premium features. However, users will be pleased to know that the tech giant has now decided to provide an official means to obtain one of these sought-after features for a more reasonable price.

    Enhancements to the Premium Lite Plan

    YouTube is broadening the scope of its more affordable Premium Lite plan by incorporating two fundamental Premium features. The more budget-friendly tier now includes background play and download options for the majority of its video content, while maintaining its $7.99 price tag.

    Similar to the ad-free viewing provided by Premium Lite, background play and download abilities are restricted to certain types of content. Shorts, music-related content, and user-created videos featuring content from YouTube’s music partners are excluded from the download or background play features. Additionally, Premium Lite users may encounter ads while viewing music content, Shorts, or while navigating and searching on the platform.

    A Noteworthy Update

    The augmentation of YouTube’s Premium Lite features by Google seems to be a celebratory enhancement, akin to a birthday present for the plan. YouTube initially launched this more affordable subscription tier in March of the previous year, with its availability in fewer markets than the pricier $13.99 YouTube Premium. However, the Premium Lite plan can now be accessed in the United States, Great Britain, India, and approximately 20 other countries worldwide.

    A few weeks prior, Google took action against a popular workaround that let users access the background play feature on YouTube via an external browser. The tech giant had stated that this feature was designed exclusively for YouTube Premium subscribers. But it seems this feature will now be accessible to YouTube Premium Lite users as well.

    Rollout of New Features

    YouTube Premium Lite users may not immediately gain access to the new features. Google has announced that the global rollout began recently and will be fully implemented in the coming weeks.

    Google’s Strategic Move

    Given that many users already subscribe to a music streaming service, it is logical for Google to present a “non-music” YouTube plan that incorporates key Premium features. The Premium Lite tier definitely holds more appeal for those who do not use YouTube for music streaming and are interested in having ad-free podcasts and talk shows playing in the background.

    Questions & Answers

    What new features are being added to YouTube’s Premium Lite plan?
    Answer: YouTube’s Premium Lite plan is now going to include background play and download options for most of its video content.

    Are there any restrictions for Premium Lite users?
    Answer: Yes, background play and download features do not apply to Shorts, music-related content, and user-created videos that contain content from YouTube’s music partners. Also, these users may experience ads while watching music content, Shorts, or while browsing the platform.

    When will Premium Lite users have access to these new features?
    Answer: Google has announced a gradual rollout of these features, which began recently and will continue over the coming weeks.

  • Thailand’s Lunar New Year Spending to Skyrocket by 5% in 2026: Forecast Reveals Most Vibrant Celebrations in Six Years

    Thailand’s Lunar New Year Spending to Skyrocket by 5% in 2026: Forecast Reveals Most Vibrant Celebrations in Six Years

    The year 2026 is forecasted to observe a surge in market circulation during the Lunar New Year holiday in Thailand, with an estimated value of THB54.2 billion (US$1.75 billion). This anticipated figure would be the highest in six years, indicating an increase of 5% year on year.

    Consumer Spending Predictions

    According to a consumer spending survey conducted by the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce (UTCC), 25% of the respondents anticipate a more animated celebration this year, while others expect festivities similar to the previous year. Interestingly, 43% of the respondents have plans to pay tribute to Chinese gods and offer items of sacrifice to their ancestors.

    Among the participants, a third mentioned plans to increase their spending during the festival, mainly attributing this to escalated prices. However, 35% of the respondents anticipate the prices of products to remain unchanged.

    Perceptions of Market Prices

    Approximately 70% of the respondents believe that the prices of sacrificial offerings, such as meat and fruits, would be higher than last year. A prudent approach was noticed among one-third of the respondents who intended to buy only necessary items, whereas one-fifth planned to reduce their spending compared to the previous year.

    Travel Trends

    A noteworthy portion of the respondents, over 90%, expressed intentions to travel domestically. This indicates that a rise in local travel is expected during the Lunar New Year holiday.

    Economic Outlook

    Thanavath Phonvichai, President of the UTCC, stated that a large number of consumers are optimistic about an economic recovery after the election. This optimism stems from consumers being able to foresee who will spearhead the government’s economic team.

    Interestingly, it was found that more than half of the respondents view the current economy as worse or significantly worse than during the same period of the previous year. They anticipate economic recovery to start in the third or fourth quarter of this year.

    The respondents suggested that the new government should concentrate on enhancing infrastructure, fostering new industries for economic growth, fortifying the grassroots economy, upgrading regional infrastructure to boost tourism, attracting foreign investment, and supporting exporters. These suggestions mirror the concerns of the Thai people towards economic conditions and the necessity for a clear long-term strategy for sustainable economic growth.

    Future Government Initiatives

    The incoming government is expected to take office by May, with significant stimulus schemes projected to be initiated by the third quarter. Phonvichai urged the government to promptly eliminate corruption and crackdown on scams, as these issues significantly affect confidence in the tourism sector.

    Questions & Answers

    What is the estimated value of market circulation during the 2026 Lunar New Year holiday in Thailand?
    An estimated value of market circulation during the Lunar New Year holiday in Thailand in 2026 is THB54.2 billion (US$1.75 billion).

    What is the general outlook of the Thai people towards the economy?
    More than half of the respondents view the current economy as worse or significantly worse than during the same period of the previous year. They anticipate economic recovery to start in the third or fourth quarter of this year.

    What are the key suggestions provided by respondents for the new government?
    Respondents suggested that the new government should focus on improving infrastructure, developing new industries for economic growth, fortifying the grassroots economy, upgrading regional infrastructure to support tourism, attracting foreign investment, and supporting exporters.

  • Unleash Your Mood with YouTube Music’s New AI-Powered Playlist Feature

    Unleash Your Mood with YouTube Music’s New AI-Powered Playlist Feature

    Recently, Google announced that a YouTube Music premium subscription is now required for some users to access song lyrics, a feature that was formerly complimentary. While Google classified this development as an “experiment,” it assured users that the majority would not experience any changes to the lyrics feature.

    The Role of Gemini AI in YouTube Music

    Google has always been forthcoming about its operations, but the criteria used to decide which customers now have to pay for formerly free features remains unclear. It has also introduced a new Artificial Intelligence (AI) feature to YouTube Music which requires a premium subscription. This feature, powered by Gemini AI, allows users to create a playlist that matches their current mood, using natural language to communicate with the integrated AI prompt in the YouTube Music app. This feature has started rolling out on both the iOS and Android versions of the app.

    To leverage this feature, users need to open the YouTube Music app and tap the Library tab at the bottom of the screen. Next, they should tap the “New” button that appears in the bottom-right corner of the page. If they have a premium YouTube Music subscription, an ‘AI Playlist’ option will be visible. By tapping on it and describing the mood they wish their music to reflect, users can customize their playlist. They can either use natural language and voice or type in their mood to the prompt.

    It’s important to note that YouTube Music is not unique in utilizing AI to help users curate playlists. Spotify’s Prompted Playlist also leverages natural language to enable users to tailor their playlists based on their current mood and listening history.

    The Cost of a YouTube Music Premium Subscription

    AI-generated playlists on YouTube Music require a premium subscription, which offers ad-free music, background play, and offline downloads. The premium subscription is available at the following rates:

    – Individual: $10.99 per month or $109.99 per year.
    – Family: $16.99 per month (For up to six people per household).
    – Student: $5.49 per month. Annual verification from SheerID is required.

    Purchasing a YouTube premium subscription might be a more value-for-money option as it includes ad-free videos, offline video downloads, and background play for the main YouTube app in addition to the premium YouTube Music subscription.

    Google has incorporated the Gemini AI icon into many of its apps, including the YouTube Floating Action Bar. By tapping on the Gemini icon while watching a video, an “Ask panel” will open on the right side with several preset queries that can be submitted with a simple tap. These questions can ask for a summary of the video, recommended related content, and more. A prompt at the bottom is ready for users to ask anything they wish.

    Questions & Answers

    What is the new feature in YouTube Music?
    The new feature in YouTube Music, powered by Gemini AI, allows users to create customized playlists based on their current mood, using either voice or typed natural language.

    What is the cost of a YouTube Music premium subscription?
    The cost of a YouTube Music premium subscription varies. For individuals, it’s $10.99 per month or $109.99 per year. For families (up to six people), it’s $16.99 per month. Students can avail it at $5.49 per month after annual verification from SheerID.

    What is the Gemini AI icon on YouTube?
    The Gemini AI icon on YouTube opens an “Ask panel” with several preset queries when tapped during a video. These queries can ask for a summary of the video, recommended related content, and more.

  • Revolutionizing Trade and Travel: Vietnam’s Inaugural Direct Flight to Amsterdam Set to Soar in June

    Revolutionizing Trade and Travel: Vietnam’s Inaugural Direct Flight to Amsterdam Set to Soar in June

    Vietnam Airlines has announced its intention to initiate the nation’s inaugural direct flight to the Netherlands. The flight will connect Hanoi and Amsterdam and is expected to begin operations in June. Utilizing the wide-bodied Airbus A350, the airline is set to run the service three times weekly, as stated in a recent public release.

    Vietnam Airlines has successfully managed to obtain operating slots at Amsterdam Airport Schiphol, the principal international airport in the Netherlands. Despite ongoing restrictions on capacity, the airline has secured a foothold into this major European gateway.

    The Netherlands holds the position of Vietnam’s top trading partner within Europe. The annual value of exports from Vietnam to this European country surpassed the $11 billion mark in 2025.

    The presence of Dutch enterprises in Vietnam, whose investments are valued at around $16 billion, solidifies the economic ties between the two nations. Additionally, the Netherlands hosts approximately 27,000 Vietnamese individuals who reside and work there, generating a consistent demand for travel between the two countries.

    The yearly passenger traffic between Vietnam and the Netherlands is estimated to be about 122,000. The introduction of this direct flight service will not only cater to this passenger demand but also provide enhanced alternatives for cargo transportation. This is particularly significant for the delivery of high-value exports to Europe.

    Upon launching this new route, Vietnam Airlines will be operating a total of 12 direct routes to Europe, facilitating connections with eight different cities.

    Questions & Answers

    When is Vietnam Airlines planning to launch its direct flight to the Netherlands?
    The direct flight between Hanoi and Amsterdam is set to start operations in June.

    What is the frequency of the planned flight service?
    Vietnam Airlines plans to operate this service three times a week.

    What is the significance of the new direct flight service to the Netherlands?
    The service will not only cater to the consistent travel demand from the approximately 27,000 Vietnamese individuals residing in the Netherlands, but it will also provide improved options for cargo transport, aiding high-value exports to Europe.

  • Ikea Japan Bids Farewell to Harajuku and Shinjuku Outlets: A New Chapter in Urban Retail Strategy

    Ikea Japan Bids Farewell to Harajuku and Shinjuku Outlets: A New Chapter in Urban Retail Strategy

    IKEA Japan is set to shut down its Harajuku and Shinjuku city-format stores later this month. This brings an end to the retailer’s brief yet notable venture in two of Tokyo’s bustling shopping districts.

    Details of the Store Closures

    The renowned Swedish home furnishings group has confirmed that operations at both locations will cease on February 8, with doors shutting at 6 pm. This decision is part of a larger examination of IKEA Japan’s urban store network and its multichannel strategy.

    The Harajuku store was inaugurated in 2020, followed by the Shinjuku store in 2021. IKEA’s objective was to engage with younger, urban consumers by introducing smaller-format stores.

    IKEA’s Future Plans

    Despite the closures, IKEA has expressed plans to further solidify its presence in central Tokyo. The IKEA Shibuya will serve as the main city store, supplemented by larger suburban stores and its digital platform.

    In addition to these changes, IKEA also declared last month that it plans to close seven stores in China as of February 2. The list includes one suburban Shanghai location, another in Guangzhou, and multiple others in the second-tier Chinese cities of Nantong, Xuzhou, and Harbin.

    Questions & Answers

    When are the IKEA stores in Harajuku and Shinjuku closing?
    The stores are scheduled to close on February 8, with operations ending at 6 pm.

    What is the reason behind IKEA’s decision to close these stores?
    The decision to close the Harajuku and Shinjuku stores is part of a comprehensive review of IKEA Japan’s urban store network and omnichannel strategy.

    What are IKEA’s plans for its presence in Tokyo following these closures?
    IKEA plans to enhance its presence in central Tokyo, with the IKEA Shibuya serving as the main city store. This will be supplemented by larger suburban stores and the company’s online platform.

  • Revolut Set to Triple Singapore Workforce: Spearheading Fintech Innovation and Regional Expansion

    Revolut Set to Triple Singapore Workforce: Spearheading Fintech Innovation and Regional Expansion

    Revolut, a leading fintech company based in London, has announced its intention to triple the size of its workforce in Singapore over the next few years. This decision is primarily aimed at bolstering product innovation and facilitating regional expansion.

    The fintech giant is collaborating closely with the Singapore Economic Development Board (EDB) and its investment division, EDBI. This partnership has been instrumental in the company’s growth, with the number of employees in Singapore having doubled between 2024 and 2025.

    Revolut’s expansion initiatives extend beyond Singapore. The firm recently established its global tech hub in Manila, and it is currently studying the possibility of venturing into several other markets across Asia.

    Revolut is highly optimistic about its long-term prospects in Asia, viewing Singapore as a pivotal point for its regional activities. Victor Stinga, Revolut’s Chief Financial Officer, lauded the strategic investment from EDBI. According to Stinga, this investment validates Revolut’s ambitious plans in Asia and emphasizes Singapore’s crucial role in these plans.

    Furthermore, the backing from EDBI enhances Revolut’s ability to invest with both ambition and discipline. By doing so, the company aims to escalate its product capabilities, deepen its regional presence, and build robust operations to support its steady growth.

    Questions & Answers

    What are Revolut’s plans for its Singapore workforce?
    Revolut intends to triple its workforce in Singapore within the next few years to support product innovation and regional expansion.

    How has the partnership with the Singapore Economic Development Board (EDB) and EDBI impacted Revolut’s growth?
    The partnership has been instrumental in Revolut’s growth, helping it to double its headcount in Singapore between 2024 and 2025.

    What are Revolut’s expansion plans in Asia?
    In addition to tripling its workforce in Singapore, Revolut has recently launched a global tech hub in Manila and is evaluating the possibility of expanding into several other markets across Asia.

  • Vietnam Fuel Prices Skyrocket to Yearly High Amid Global Market Shifts

    Vietnam Fuel Prices Skyrocket to Yearly High Amid Global Market Shifts

    Gasoline prices in Vietnam witnessed a significant surge on Thursday afternoon, marking their highest point since the beginning of the year. The commonly used fuel, RON95, experienced a hike of 1.13%, bringing its price up to VND18,840 (US$0.72) per liter.

    Biofuel E5 RON92 also experienced a price increase, albeit a more modest one. Its price rose by 0.27%, leaving it at VND18,330 per liter. Diesel, a critical fuel for many industries, saw a noteworthy increase of 2.66%, pushing its price to VND18,170 per liter.

    Several global factors have been cited as driving forces behind these price changes. The international fuel market has been affected by geopolitical tensions, particularly between the U.S. and Iran. In addition to this, the United States has seen a more substantial-than-anticipated dip in its oil inventories. Coupled with a weakening U.S. dollar, these factors have put pressure on global fuel prices, as noted by the Ministry of Industry and Trade.

    In terms of international prices, RON95 saw an increase of 1.7%, which pushed its price to $73.6 per barrel. Diesel’s price also witnessed a significant uptick, with an additional 3.4%.

    Questions & Answers

    What was the price increase for the commonly used fuel RON95 in Vietnam?
    RON95 experienced a price hike of 1.13%, which increased its price to VND18,840 (US$0.72) per liter.

    What global factors have influenced the recent surge in fuel prices?
    Several global factors, including geopolitical tensions between the U.S. and Iran, a substantial decline in oil inventories in the U.S. more than anticipated, and a weakening U.S. dollar have contributed to the increase in fuel prices.

    How has the price of Diesel changed?
    Diesel witnesses a significant price increase of 2.66%, leaving its price at VND18,170 per liter.

  • International Students in Australia Grapple with Skyrocketing Living Costs and Tuition Fees

    International Students in Australia Grapple with Skyrocketing Living Costs and Tuition Fees

    Many international students in Australia are facing considerable financial strain, as they attempt to balance their academic commitments with part-time work to afford their living expenses. A key concern among these students is the high cost of food and other essentials.

    A Chinese student at the Australian National University, unwilling to be named, shared her experiences of eating instant noodles or fast food until she was able to find work. Although conscious of the need to study, she found herself working as many as 48 hours a fortnight, the maximum allowed under Australian student visas. This, however, led to immense stress and anxiety, affecting her sleep and overall wellbeing.

    Struggling to Afford Basic Necessities

    This student’s situation is far from unique. The 2024 State of Student Healthcare Report, issued by Allianz Partners Australia, indicated that nearly a third of international students regularly missed meals due to the high cost of groceries. Roughly one in four stated they could not afford fresh fruits and vegetables.

    Housing security has also become a major issue. Sean Stimson, a senior solicitor at the Redfern Legal Centre’s International Student Legal Service, highlighted an increase in homelessness among international students over the past 18 months, largely due to significant rent hikes.

    Erin Longbottom, nurse unit manager of the homeless health service at St. Vincent’s Hospital in Sydney, referred to international students as the emerging “hidden face of homelessness.”

    Overcoming Barriers in the Rental Market

    The 2024 Student Accommodation Council report found that international students faced particular challenges in the private rental market. Without a rental history in Australia and often lacking employment or income statements when applying for leases, they are at a significant disadvantage.

    While students are required to show access to A$30,000 (US$20,700) to obtain a visa, Stimson cautioned that these funds could be quickly depleted due to skyrocketing living costs.

    Rising Tuition Fees

    In addition to escalating expenses for housing and food, tuition costs have also surged. Immigration expert Dr. Abul Rizvi pointed out that fees for international students have grown significantly faster than inflation.

    More than 583 courses charge international students over $250,000, with 445 of those offered by the country’s top research universities. In some instances, the total cost of a degree can exceed A$850,000.

    Financial Stress Taking Its Toll

    The Allianz report further revealed that over 61% of international students surveyed said daily expenses were substantially higher than anticipated. Only 18.2% felt financially secure, while 40.2% were experiencing financial stress or hardship. Worryingly, 28.1% considered leaving their studies due to these pressures.

    Alan Morris, a professor focusing on urban and housing studies at the University of Technology Sydney, noted that many international students suffer enormous stress and anxiety as they try to juggle their academics and finances. This often results in academic performance suffering as students focus on making ends meet.

    The Need for Innovative Solutions

    Although Australia’s student visa work rules are generally quite generous, experts caution that simply increasing work hours may not alleviate the financial pressures faced by international students.

    Rather, innovative solutions may be of value. Morris suggested Australia might benefit from adopting a Canadian housing model that pairs international students with older residents for reduced rent in exchange for assistance with household tasks.

    In the meantime, many international students are finding their own ways to adapt to these financial challenges, developing practical skills such as cooking or driving to save money.

    Despite the difficulties, many students still consider studying in Australia to be a valuable experience.

    Questions & Answers

    What challenges are international students in Australia facing?
    They are dealing with rising living costs, high tuition fees, and restrictions on work hours, which are leading to financial stress and, in some cases, homelessness.

    What issues are they encountering with housing and food?
    Many international students are struggling to afford groceries and fresh food. Additionally, steep rent increases have led to issues with housing security, with homelessness on the rise among this group.

    What solutions are being suggested to alleviate these pressures?
    One suggestion is to adopt a Canadian housing model that pairs international students with older residents. The students would help with household tasks in exchange for reduced rent. This would help alleviate some financial stress and provide more secure housing.

  • Guardian Unveils Enhanced Flagship Store in Marina Bay Sands: A New Era for Personalized Health & Beauty Shopping

    Guardian Unveils Enhanced Flagship Store in Marina Bay Sands: A New Era for Personalized Health & Beauty Shopping

    Guardian, a prominent health and beauty retailer, has recently unveiled its revamped flagship store situated at The Shoppes at Marina Bay Sands in Singapore.

    Revamp Aims at Personalised Shopping Experience

    The new alterations are aimed at delivering a more personalised shopping experience. This is achieved by amalgamating health, beauty, and personal care products under a single roof.

    Five Wellness-Led Zones

    The renovated store introduces five distinct wellness-led zones: Health and Wellness, Derma Skincare, Men’s, Trial and Travel, and Guardian’s Pick. These zones are strategically designed and curated to cater to a variety of customer’s wellness and beauty needs effectively.

    On-Site Pharmacy Services

    In addition, the store includes on-site pharmacy services, a novel feature that not only provides preventive care but also offers consultations and wellness advice to customers. This service further enhances the customer shopping experience, delivering more than just purchases.

    Future Plans

    Guardian has stated its intention to gradually implement this new store format across numerous locations in the future. As a forward-thinking retailer, Guardian aims to stay ahead of the curve and consistently deliver a personalised, seamless, and comprehensive shopping experience for its customers.

    Questions & Answers

    What is the objective of Guardian’s flagship store revamp?
    The objective is to deliver a more personalised shopping experience by integrating health, beauty, and personal care products in one location.

    What are the five wellness-led zones introduced at Guardian’s flagship store?
    The five distinct wellness-led zones are Health and Wellness, Derma Skincare, Men’s, Trial and Travel, and Guardian’s Pick.

    What services does the on-site pharmacy at Guardian’s flagship store provide?
    The on-site pharmacy at Guardian’s flagship store offers preventive care, consultations, and wellness advice to its customers.

  • Fuel Price Revolution: Vietnam Gasoline Plummets Amid Global Market Fluctuations

    Fuel Price Revolution: Vietnam Gasoline Plummets Amid Global Market Fluctuations

    In Vietnam, gasoline prices experienced a reduction on Thursday afternoon, echoing the recent drop in global rates. The widely used fuel, RON95, underwent a decrease of 0.43%, bringing its cost down to VND18,630 (US$0.71) per liter.

    In a similar trend, the biofuel E5 RON92 also saw a price reduction, decreasing by 0.49% to a new price of VND18,280 per liter. Diesel, on the other hand, experienced a price hike with an increase of 2.43% which resulted in a new price of VND17,700 per liter.

    The change in fuel prices is reflective of the recent fluctuations in the global oil market. This volatility has been brought on by several different factors. These include the possibility of disruptions to oil supplies from Iran and ongoing tensions between the United States and Europe over issues pertaining to Greenland as reported by Vietnam’s Ministry of Industry and Trade.

    In terms of specific fuel types, RON95 saw a decrease of 0.6% to a new price of $72.4 per barrel globally, while the cost of diesel increased by 2.9% taking it to a price of $83.4 per barrel.

    Questions & Answers

    What was the new price of the RON95 fuel in Vietnam?
    The new price of RON95 fuel in Vietnam was VND18,630 per liter, which translates to US$0.71 per liter.

    How did the price of diesel change?
    The price of diesel experienced a hike of 2.43%, which resulted in a new price of VND17,700 per liter.

    What factors have been affecting the global oil market recently?
    The global oil market has been affected by various factors including possible disruptions to oil supplies from Iran and ongoing tensions between the United States and Europe over Greenland-related issues.

  • Ikea Eyes Massive Expansion in India: Aims for over $2.2 Billion Investment and Online Presence Boost

    Ikea Eyes Massive Expansion in India: Aims for over $2.2 Billion Investment and Online Presence Boost

    Swedish furniture behemoth Ikea is set to intensify its commitment to India, with plans to double its current investment to over 200 billion rupees, or approximately US$2.2 billion, within the next five years.

    Expanding Physical and Online Footprint

    In order to make the most of this investment, Ikea has aspirations to significantly increase its in-person retail locations, from six to 30 stores. Additionally, the company has plans to boost its annual sales in India, aiming to quadruple the current figure, which stood at $204 million as of August in the previous year.

    As an integral part of its expansion strategy, Ikea will prioritize the establishment of an online presence before it launches new brick-and-mortar stores in untapped cities. The firm is also striving to increase the proportion of online sales from the existing 30% of total sales to 40%.

    The company is set to begin accepting online orders in four cities where it currently does not have a physical presence, including Chennai and Coimbatore in the state of Tamil Nadu.

    Previous Successes and Future Plans

    Ikea’s inaugural Indian store was launched in 2018 in the city of Hyderabad. Since then, the company has opened three outlets in Navi Mumbai and Bengaluru and has added two small-format locations in Mumbai and New Delhi.

    Looking ahead, Ikea is planning to double its production for domestic stores and its exports, with the aim of reaching a value of around $930 million.

    Patrik Antoni, CEO of Ikea India, expresses strong faith in the potential of the Indian market, despite it not being a large Ikea market yet. He views India as a future central player in Ikea’s global market.

    Despite the decision by the former US President Donald Trump to double tariffs on imports from India up to 50%, Antoni maintains that this move has had minimal impact on Ikea’s Indian suppliers, as the brand primarily exports to other markets.

    Questions & Answers

    What is Ikea’s investment plan for India over the next five years?
    Ikea plans to double its current investment in India to over 200 billion rupees, or approximately US$2.2 billion, within the next five years.

    What is Ikea’s strategy for expanding in India?
    Ikea is planning to increase its number of physical stores from six to 30 and aims to quadruple its annual sales. The company also plans to boost its online presence before launching brick-and-mortar stores in new cities.

    What effect has the increase in tariffs on imports from India had on Ikea?
    According to Ikea India’s CEO, Patrik Antoni, the doubling of tariffs on imports from India to 50% has had little effect on Ikea’s Indian suppliers, as the company primarily exports to other markets.

  • Ease Your Commute: Singapore Offers $46 Public Transport Vouchers to Qualifying Households

    Ease Your Commute: Singapore Offers $46 Public Transport Vouchers to Qualifying Households

    Singaporean households that meet the eligibility criteria can now submit their applications for public transport vouchers valued at S$60 (equivalent to US$46). These vouchers are intended to alleviate the increased cost of commuting.

    Details of the Voucher Scheme

    The vouchers became available on Tuesday and will continue to be so until October 31. The eligibility requirement is set at a monthly household income per person of S$1,800 or lower.

    This move signifies the second phase of the program. The first round of vouchers was issued last month, benefitting approximately 300,000 households.

    In the current round, households that did not previously receive a voucher and those seeking additional assistance, including households that do not meet the income requirement, can apply. Applications can be submitted either online or in person at local community centers and clubs.

    These vouchers can be applied towards topping up fare cards or purchasing monthly passes. They are redeemable until March 31, 2027.

    The main goal of the initiative is to assist lower-income families in counterbalancing the recent increase in public transport fares.

    Changes in Public Transport Fares

    The basic bus and train card fares for adults in the city-state have seen a hike of 9-10 cents per trip, an approximate increase of 5% based on distance. At the same time, the express bus services have levied a surcharge, marking its first-ever introduction.

    In addition to the vouchers, the cost of monthly passes has been cut by 5% for adults, senior citizens, and individuals with disabilities as a measure to support frequent users of public transit.

    Questions & Answers

    What is the purpose of the public transport vouchers?
    The vouchers are intended to help lower-income families mitigate the impact of the recent increase in public transportation fares.

    Who is eligible to apply for these vouchers?
    Families with a monthly household income per person of S$1,800 or lower can apply for these vouchers. In the latest round, even those households that didn’t receive a voucher in the first round or do not meet the income requirement can apply for additional assistance.

    How can these vouchers be used?
    These vouchers can be used to top up fare cards or to purchase monthly passes. They are redeemable until March 31, 2027.

  • Blooms the Chemist Enhances Customer Experience with Innovative Store Redesign

    Blooms the Chemist Enhances Customer Experience with Innovative Store Redesign

    Blooms the Chemist, an Australian community pharmacy chain, is rolling out a new store design at its Figtree branch, aiming to provide a welcoming and hassle-free shopping journey for its local customers.

    New Store Design

    As part of a revamped brand approach, the latest design is a cooperative project with Chemfit, a long-standing and reliable partner. The concept was devised by Mathew Dalby, a retail design specialist from StudioFab.

    The unique design features include a color-coded arrangement and additional signage, aimed at crafting an uninterrupted and comfortable customer shopping experience.

    Brand Refresh Strategy

    The revamp, destined to be implemented across all Blooms the Chemist outlets over the coming two years, is targeted at providing retail excellence along with expert service and personalized care to the distinct local communities that the pharmacies cater to.

    Narelle Duncan, the head of network development at Blooms the Chemist, enthusiastically shared that the new brand concept introduced to pharmacy owners in 2024 was met with widespread approval across their member network.

    She asserted that the redesigned store will help bring uniformity to the Blooms network, thus promoting brand consistency. “This refreshed store layout makes health and wellness more accessible for locals by creating an inviting and user-friendly shopping ambiance. Furthermore, it enhances our pharmacists’ efficiency and practicality,” added Duncan.

    Positive Customer Feedback

    The team at Blooms the Chemist Figtree have already reported positive customer responses regarding the appealing aesthetics and enhanced in-store experience.

    Presently, Blooms the Chemist operates over 130 community pharmacies across Australia.

    Questions & Answers

    What are the key features of the new store design?
    The new design includes a color-coded layout and additional signage to provide an uninterrupted and comfortable customer shopping experience.

    What’s the purpose of the new store design?
    The revamped store design is aimed at delivering retail excellence, expert service, and personalized care to the local communities. It also intends to promote brand consistency across the Blooms network.

    What has been the initial response to the new design?
    The team at Blooms the Chemist Figtree have reported positive customer feedback, particularly noting the appealing aesthetics and enhanced in-store experience.

  • Decade-Long Scam Uncovered: $68.5M Fake Dietary Supplements Ring Busted in Hanoi

    Decade-Long Scam Uncovered: $68.5M Fake Dietary Supplements Ring Busted in Hanoi

    A vast counterfeit dietary supplement production operation has been exposed by authorities in a Hanoi industrial park, potentially impacting millions of consumers.

    The operation, allegedly run by Medistar Vietnam Company, is believed to have produced and distributed hundreds of tons of fraudulent supplements throughout the country for over a decade. The enterprise has reportedly generated an estimated VND1.8 trillion (US$68.5 million) in revenue through these activities.

    Key Players Arrested

    On January 18th, Lao Cai provincial police arrested Doan Trung Duc, the 46-year-old general director of Medistar Vietnam, along with five other individuals. The charges against them include producing and trading counterfeit food products, food additives, and seriously violating accounting regulations.

    The police have described the operation as “exceptionally large scale,” spanning across Vietnam. A coordinated effort by Lao Cai police, the Ministry of Public Security’s Investigation Police Department for Corruption, Economic Crimes and Smuggling, and Hanoi police led to an inspection of the operation on January 5th.

    Factory Raid Uncovers Counterfeit Products

    Upon inspecting a Medistar factory within Quang Minh Industrial Park in Hanoi, investigators discovered thousands of counterfeit and substandard dietary supplement products being manufactured for distribution. Among the counterfeit items were collagen supplements, vitamins, joint health products, and digestive aids.

    Preliminary findings suggest that from 2012 to 2025, this group has been distributing hundreds of tons of fraudulent supplements in the market. This illegal activity poses grave risks to consumer health and significantly damages consumer trust. The authorities further allege that hundreds of billions of dong were concealed for illicit profit, which has led to substantial tax deficits for the state.

    The investigation by Lao Cai provincial police is ongoing, and there is a possibility for its scope to be expanded in the future.

    Questions & Answers

    What is the estimated revenue generated by this counterfeit operation?
    The enterprise is believed to have generated nearly VND1.8 trillion (US$68.5 million) in revenue.

    What kind of counterfeit products were being produced?
    The factory was producing a range of fake dietary supplements, including collagen supplements, vitamins, joint health products, and digestive aids.

    What are the implications of these activities?
    The illegal activities pose serious risks to consumer health, significantly damage consumer trust, and have resulted in substantial tax deficits for the state.