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  • Myanmar sets daily wage minimum to boost apparel manufacturing

    Myanmar sets daily wage minimum to boost apparel manufacturing

    Last year Gap Inc. was the first U.S. retailer to return to Myanmar for its apparel manufacture, a major sign of the potential return of the country’s once-thriving garment industry.

    But demonstrations by labor unions over working conditions and pay have hampered progress in the three years since U.S. sanctions were lifted, after which Myanmar also attempted its first minimum wage boost.

    Even with the increase in minimum wage that is apparently acceptable to most labor groups and factory owners, Myanmar will still have among the lowest wages in the world. And its standards for factory conditions are seen as lower than in Bangladesh, the site one of the deadliest garment factory collapses in history.

    The government was under pressure not to raise the wage too high out of fear that retailers would turn to South Korea, China, and other countries with established manufacturing. The wage is for eight-hour days in a six-day week; it doesn’t address overtime pay or working conditions. Last year Myanmar exported $1.5 billion of clothes and materials, up from $1.2 billion in 2013 and $947 million in 2012, according to the Global Trade Atlas.

    Still, the stability and the raise, if slight, is seen as an encouragement to more investment by U.S. and other apparel retailers, which can now count on an official wage structure to help them determine costs. Gap and H&M already source goods from there. The country’s economy is predicted to grow 8% this year, according to the World Bank.

  • Indonesia’s Snapcart Turns The Humble Receipt Into Big Data For Brands And Retailers

    Indonesia’s Snapcart Turns The Humble Receipt Into Big Data For Brands And Retailers

    Smartphones could give retailers and brands unprecedented insight into consumer spending and behavior just by allowing you to photograph your receipt.

    That’s the premise of a new technology startup that launched in Indonesia today. Snapcart is backed by Ardent Capital — the VC firm behind Southeast Asia’s logistics network aCommerceand numerous e-commerce startups — and it aims to turn oft-discarded receipts into data gold mines.

    The theory is simple. Physical retailers and brands know little about consumers and their shopping habits beyond survey-based data and estimates from research firms like Nielsen. Yet, the precious information is contained within a small piece of paper that shoppers typically throw away with little regard: the receipt. Snapcart is incentivizing users to take photos of their receipts and upload them into its app in exchange for cashback and rewards.

    On paper, it’s a win-win — what consumer doesn’t like free stuff? And what brand or advertisers isn’t willing to pay up (incentives) to get fresh insight into their customers?

    The concept isn’t entirely new. Ibotta, a U.S. company backed by over $20 million from investors, provides cash back for access to similar data. Unlike Ibotta, which requires users to photo both their receipt and individual product barcodes for in-store purchases, Snapcart uses artificial intelligence to pull product information right from a receipt, so users take just one photo.

    Jakarta-based Snapcart has launched with two prominent, global brands — Nestlé and L’Oréal — but says it is in talks with another 20 or so partners. Founder Reynazran Royono — formerly with Proctor and Gamble and Boston Consulting — told TechCrunch he came up with the idea when reflecting on his experience as a consultant and a spell at e-commerce firm Berniaga.com, now OLX.co.id. Online retailers have access to a treasure trove of shopper data that physical retailers can only dream of, Royono said, and Snapcart aims to help change things.

    The main challenge looks to be gaining scale among shoppers — Snapcart claims it has 12,000 pre-launch installs of its app. Snapcart said it will initially work with brands, which it is leveraging for marketing and other opportunities for exposure among consumers, and over time it plans to include physical retailers through in-store integrations. It is first focused on grocery items, because they are daily necessities, but will branch out into other verticals over time, Royono explained.

    The company is starting live in Indonesia, Southeast Asia’s biggest country with a population of 250 million and ample opportunity, but Royono said he plans to expand across Southeast Asia towards the end of 2016. Snapcart is currently raising new funding, which he said should give it a good 18 months of runway.

    “Snapcart is the most promising big data business in Southeast Asia we’ve seen so far,” Adrian Vanyl, CEO of Ardent Capital, said in a statement. “For brands, it is data they’ve fantasized about, but never had any practical way to actually collect.”

  • Arsenal FC picks Indosat as official telecoms partner

    Arsenal FC picks Indosat as official telecoms partner

    Arsenal Football Club has selected Indonesian operator Indosat as the club’s official telecommunications partner in Indonesia. Under the terms of the 2-year partnership, Indosat will offer club-related benefits and incentives to its customers and Arsenal fans in Indonesia. This will include official Arsenal signed merchandise, tickets to see the team in action at Emirates Stadium and access to exclusive match and player content such as match highlights, club news, interviews and photography.

     

  • Air Asia to connect 4 more cities with Kuala Lumpur

    Air Asia to connect 4 more cities with Kuala Lumpur

    Low-cost carrierAir Asia today said it will connect four more Indian cities with its hub in Kuala Lumpur to take the number of destinations linked to the Malaysian capital to 12.

    Its Executive Director and CEO Aireen Omar announced here that four more Indian cities will be connected with the Malaysian capital.

    She, however, did not specify the cities which will be connected or offer details on the timelines by when the new flights will start.

    The airline, which entered the country in 2008, had launched a Visakhapatnam-Kuala Lumpur service in May, which was followed up by a flight to Goa from the Malaysian capital.

    Other Indian cities it connects with Kuala Lumpur include Tiruchirappalli, Kochi, Kolkata, Chennai, Bengaluru and Hyderabad.

    Omar today said it is also increasing the frequency of the Kochi-Kuala Lumpur route to 14 per week, from the present 10 per week, starting November 19.

    The airliner has chosen Bengaluru as its operating hub in the country.

    “India is an important market to us, and together with AirAsia India, we are committed towards providing the Indian consumers with low fares and high-value services. We entered the Indian market with Tiruchirappalli as AirAsia Berhad’s first destination back in 2008, and today, we serve eight cities to Kuala Lumpur and beyond,” she said.

    She said factors like exhaustion of traffic rights sometimes hampers its plans and added that the airline has already sought to increase bilateral rights so that AirAsia Berhad can expand frequencies on existing routes.

    The average flight load of the Visakhapatnam-Kuala Lumpur route since its launch in May has been 78 per cent, she added.

  • Thai AirAsia sets up Utapao base

    Thai AirAsia sets up Utapao base

    Thai AirAsia (FD, Bangkok Don Mueang) has set about establishing a base in Utapao with the launch of flights to Hangzhou, China on September 1. The 3x weekly charter service runs until October 24.

    Airline Route indicates the AirAsia (AK, Kuala Lumpur Int’l) subsidiary will also launch a 4x weekly service to Nanning on September 25 followed by a 3x weekly Nanchang service on September 26.

    Flights are on-board an A320-200.

    Currently, Thai AirAsia serves forty-four destinations spread across eleven countries including China, India, Macau, Myanmar, Vietnam, Hong Kong, Malaysia, Cambodia, Singapore, and Indonesia. It has four bases in Thailand, Bangkok’s Don Mueang airport, Chiang Mai, Krabi and Phuket.

  • Garuda tickets available at Indomaret

    Garuda tickets available at Indomaret

    National flag carrier Garuda Indonesia is teaming up with minimarket chain Indomaret to allow air passengers to buy tickets from the chain’s outlets across the country in a bid to boost the airline’s sales.

    For payments, Garuda works with electronic payment provider Finnet, a subsidiary of state telecommunications company PT Telekomunikasi Indonesia (Telkom).

    Garuda Indonesia commercial director Handayani said the company expected passengers would buy tickets from at least 20 percent of Indomaret’s 11,400 outlets.

    In ticket sales, the company expects the partnership to account for 830,000 transactions a year, or around 1.6 million tickets assuming that each buyer buys two tickets.

    “With their strategic sites, Indomaret outlets will open up consumer access to our services, including in places with little access to the Internet and ATMs,” Handayani said in a statement on Wednesday.

    She added that Indomaret ticketing services would be focused on domestic flights for individual customers.

    “People who go to Indomaret will tend to buy small numbers of tickets for domestic flights. The average ticket price will be between Rp 400,000 and Rp 500,000,” she said.

    Garuda’s low-cost subsidiary carrier Citilink has cooperated with Indomaret since January 2014.

    Indomaret records around 150 million transactions with 37.5 million customers monthly, according to Wiwiek Yusuf, the marketing director of PT Indomarco Prismatama, which runs the chain.

    “Of that figure, 15 million transactions, or 10 percent, are virtual,” he said, adding that Garuda would add to the list of the chain’s virtual payments, which currently includes electricity bills, phone credit and concert tickets.

    Online ticket purchasing makes up 28 percent of Garuda’s total transactions, with the remainder carried out through traditional channels such as travel agents.

    The airline’s partnership with Indomaret adds to its current relationship with Telkom, which runs Garuda’s call center. However, Garuda customers who book tickets through the call center can only pay with credit cards or through the ATMs of 18 banks.

    Telkom enterprise and business service director Muhammad Awa-luddin said the cooperation would mark the first non-bank channel for Garuda.

    “Finnet has hundreds of dealers and is connected to 77 banks, so we envision no problems,” he said.

    The cooperation is part of Garuda’s efforts to meet a target of carrying 25 million passengers this year.

    The airline carried 11.55 million passengers in the first half of the year, up 15.3 percent from last year, of which 9.4 million were domestic passengers.

    “With this cooperation, we should reach more than 20 million,” Handayani said.

    She added that she would rely on the growth of Indomaret outlets for expanding consumer access, with the firm looking to reach 12,000 outlets this year.

    Other than the domestic market, Garuda is also eyeing increased inbound flights after Coordinating Maritime Affairs Minister Rizal Ramli announced on Tuesday the waiving of visas for citizens of 47 more countries, adding to 30 countries granted visa exemptions in June.

    “We will engage with foreign tourist boards and travel agents. We have to be aggressive in introducing Indonesia to those countries, beyond Bali and Jakarta,” Handayani said.

    The company booked US$27.7 million in net income in the January-June period, a sharp increase from its net loss of $203 million in the same period last year, on the back of lower operating expenses and strong passenger growth.

  • Retail building oversupply reaches alarming level in HCM City

    Retail building oversupply reaches alarming level in HCM City

    A Cushman & Wakefield’s report shows that the retail rent in the second quarter fell by 5 percent compared with the same period last year. Meanwhile, the supply is forecast to soar to 1.5 million square meters by 2020, 200 percent higher than today.

    According to Savills Vietnam, the total retail premises area which has been put into operation by August, had reached 940,000 square meters. It is expected that the market would have an additional 200,000 square meters from 10 projects.

    In the eastern part of HCM City, which is considered the ‘hottest spot’, at least 300,000 square meters of trading floor – a basement of apartment blocks – would become operational in 2015-2018.

    The retail supply boom in the eastern part of the city is attributed to the city’s policy on increasing infrastructure investment in the area. However, the existing shopping malls in the area remain poorly patronized.

    Viet An Hoa’s CEO Tran Khanh Quang warned that 300,000 square meters of retail premises was too high and may lead to an oversupply.

    The retail premises area in the southern part of HCM City has also been increasing. According to Savills Vietnam, there are about 151,000 square meters of modern retail premises under exploitation, including 60,000 square meters, or 40 percent, in Phu My Hung new urban area.

    It is expected that 80,000 more square meters of retail premises will hit the market by 2016.

    SC Vivo City (41,000 square meters), Crescent Mall (45,000) and Parkson Paragon (12,800) are the three largest shopping malls in the southern area of the city. But they are not crowded on week days.

    “The retail premises are in oversupply,” said Nguyen Van Duc, Deputy Director of Dat Lanh Real Estate.

    “Even the shopping malls in advantageous areas are deserted these days,” he said, adding that investors should not ‘be overly excited with retail building projects’.

    He went on to say that it was a ‘blunder’ for project developers to set up shopping areas in the basement of buildings.

    The shopping malls at apartment buildings, together with separate shopping malls above ground, will lead to an oversupply of retail premises.

    However, Le Thi Kim Hoa from Cushman & Wakefield is optimistic about the market, saying that the supply would force rental prices of retail premises down, which will benefit customers.

    Savills Vietnam’s Nguyen Thi Van Khanh noted that, compared with Bangkok, which has 8 million square meters of retail premises, and Singapore with 4 million, the retail premises total area of less than 1 million was ‘modest’.

     

  • A 10-day sports extravaganza awaits in Singapore

    A 10-day sports extravaganza awaits in Singapore

    Singapore’s winning sporting streak continues with the upcoming BNP Paribas Women’s Tennis Association (WTA) Finals Singapore presented by SC Global at the Singapore Sports Hub from October 23 to November 1, 2015.

    In a culmination of what has been an exciting season, the top names in women’s tennis will come together for the WTA Finals. Household names like Serena Williams, Martina Hingis, Sania Mirza and many more will face off for court supremacy and a grand prize of US$7 million.

    A host of other events will also take place to complement the main action on court. The WTA Legends Classic will see tennis icons like Martina Navratilova and Arantxa Sánchez-Vicario playing for the fans’ delight while the WTA Rising Stars Invitational will give up-and-coming talents from Asia and the rest of the world a chance to play on Centre Court and make their mark on a world-class stage.

    Between matches, fans will have multiple opportunities to get closer to the action than ever before. Spectators can visit the outdoor Fan Zone, which will feature interactive tennis-themed games and star-studded player appearances. They can also witness the preparation secrets of their favorite tennis stars at the player practice sessions.

    Beyond the activities at the Singapore Sports Hub, fans can expect a star-studded extravaganza at the Singapore Tennis Evening at Marina Bay Sands on October 30. Fans and tennis stars alike will convene to celebrate the annual achievements of the best women’s tennis players, alongside the Southeast Asian debut of UK artiste Paloma Faith who will perform her hits.

    With Singapore’s Golden Jubilee in full swing, a slew of exciting flight, hotel, dining and retail deals have been lined up for this festive occasion. Singapore’s location at the heart of Southeast Asia also makes it easily accessible to tennis fans from around the region to catch all the action.

     

  • Sandara Park is newest int’l endorser of Pinoy fashion retail brand

    Sandara Park is newest int’l endorser of Pinoy fashion retail brand

    Korean super star Sandara Park whose road to international fame started in the Philippines decided to return to where it all started by endorsing a local fashion retail brand.

    “Hey guys! It’s me Sandara Park. And guess what? I’m the newest member of Team Penshoppe. I had a great time shooting my first campaign and I love the clothes,” Park said in an Instagram clip as she broke the news to her fans.

    The Korean superstar made the announcement Thursday with a caption, saying she’s “happy” to be the newest face of the local retailer.

    She also included a teaser photo of the campaign shot by photographer Cliff Watts who flew in from New York for the shoot.

    The shoot took place last month at Golden ABC’s Studio 1155 and Gallery.

    The long list of international celebrity endorsers include Cara Delevingne, Kendall Jenner, Nina Dobrev, Leighton Meester, Ed Westwick, Josh Bowman, Mario Maurer, Ian Somerhalder and the world’s highest paid male model, Sean O’Pry.

  • Leading Tier 1 Operator in Malaysia deploys Elitecore’s Crestel Online Charging Platform

    Leading Tier 1 Operator in Malaysia deploys Elitecore’s Crestel Online Charging Platform

    Elitecore Technologies, a global provider of BSS and Packet Core solutios, announces that a leading Tier 1 Operator in Malaysia has deployed Elitecore’s 3GPP compliant Online Charging System (OCS) for their voice and data services; the solution enables its subscribers to keep track of their account, services and usage in real time. It supports dynamic notifications to customers prior to reaching their credit thresholds and also supports admin action in real time on threshold breach. The solution enables real-time charging of VOIP calls over SIP interface for post-paid subscribers on FTTX network.

    Elitecore’s real time OCS is a modular solution integrated with operator’s existing CRM and Billing systems, without having to go through a transformation of its existing billing system to support next generation services. The entire project was completed in just 3 months. The platform supports features such as single touch Point of Credit Governance for customer, Self Care service interaction in real time with accurate and timely information related to their usage, time/volume based rating, differential rating, advice of charges, shared balances, policy based discounting etc.

    Dhaval Vora, VP, Product Management, Elitecore says, “With our Real Time charging Solution, the operator is well prepared to support the growing demand for data services and benefit from enhanced real-time capabilities for its Data, Voice & Internet Services. Better real-time processing and instant notification of credit balance status enhances user experience and eliminates bill shock scenario.”

    The solution helps operators to add subscriber value through personalized offering, ensures optimum network utilization & greatly increases service usage and ARPU. Moreover, the solution is future ready which can support multiple networks on the same platform.

  • Henry Sy still Philippines’ richest man

    Henry Sy still Philippines’ richest man

    Property, retail and banking tycoon Henry Sy whose conglomerate owns the chain of SM Supermalls in his country and China has retained the title of the Philippines’ richest person for the eight consecutive year, with his net worth up $1.7 billion from last year to $14.4 billion.

    Forbes Philippines, which puts together the list, said Thursday that the value of Sy’s publicly traded conglomerates SM Investments rose 17 percent and SM Prime Holdings 20 percent over the past year. His companies announced record income from banking and retail businesses and two new mall partnerships in 2014. Sy also has a stake in privately owned power supplier National Grid Corp.

    John Gokongwei Jr. of JG Summit conglomerate that owns SM’s rival, mall chain Robinsons, is the second richest with a net worth of $5.5 billion.

    Forbes said Gokongwei moved up three spots after his company’s stocks rose 30 percent, boosted by revenue growth in its petrochemical business and investments in Meralco, the Philippines largest power distributor.

    JG Summit also has interests in food and beverage, airlines, telecoms, property development, banking, retail, and hotels.

    Forbes compiles the net wealth of the Philippines’ richest based on stock prices and exchange rates, with the value of private companies based on similar companies that are publicly traded.

    Alliance Global’s Andrew Tan climbed a notch to the third place despite a drop in his net worth to $4.5 billion from the previous $5.1 billion. His company’s stock price is 11 percent lower due to a drop in income from its resort and casino operations.

    Lucio Tan of LT Group whose businesses include stakes in beverages, tobacco, distilled spirits, banking and property was fourth with a net worth of $4.3 billion. Tan is also chairman of Philippine Airlines.

    Fifth was International Container Terminal Services’ Enrique Razon Jr., who is worth $4.1 billion.

    Rounding out the top 10 are George Ty, the Abotiz Family, Jaime Zobel de Ayala, David Consunji, and Tony Tan Caktiong.

  • Krispy Kreme to open 10 shops in Myanmar

    Krispy Kreme to open 10 shops in Myanmar

    Krispy Kreme announced this week that it is set to open 10 shops in Myanmar over the next five years.

    Dan Beem, Krispy Kreme’s Senior Vice President and President – International, said with a growing economy and a population eager to welcome global brands, the time is right for the company to bring its sweet treats to Myanmar.

    The company has signed a development agreement with Singapore-based Doughnut Group Pte. Limited.

    “We’re confident the Krispy Kreme experience will be as meaningful in Myanmar as it is in Memphis or Manila, or anywhere else around the world where our signature sweet treats and coffee are served,” said Pote Narittakurn, owner of Doughnut Group Pte. Limited

    Krispy Kreme has more than 1,000 retail shops in 24 countries. Its  fundraising program has, for decades, helped non-profit organizations raise millions of dollars in needed funds.

  • America’s bebe stores to enter Greater China

    America’s bebe stores to enter Greater China

    US-based global specialty retailer of contemporary women’s apparel and accessories – bebe stores, inc. has announced that it has signed a strategic cooperation agreement with Longgoal LLC, a leading Shanghai-based agency of international high-end brands.

    In a press statement, it said the agreement includes a five-year exclusive license to open between 60 and 150 retail and wholesale bebe points of distribution in Greater China, Hong Kong, Macau and Taiwan. The first boutique is expected to open in the summer of 2016.

    “As we continue to expand our international footprint, our entrance into Greater China is a significant opportunity to accelerate that growth and reinforce bebe as a global lifestyle brand for women. We look forward to working closely with the Longgoal team, who have a proven track record of success and operational experience in introducing high profile retail brands to this key market,” said Jim Wiggett, CEO of bebe stores, inc.

    As a part of the agreement, Longgoal will open a minimum of 60 points of sale in Mainland China, including free standing boutiques and bebe shop-in-shops and identify third party retailers in certain provinces of China to sublicense the brand for retail operations. Longgoal is currently identifying potential locations in Shanghai and Beijing, including flagship boutiques. After the five-year exclusive term, Longgoal retains an option for an additional 10 year partnership with bebe based on performance.

    “bebe is truly an iconic affordable luxury brand and one that we are honored to have the opportunity to introduce to women across Greater China in a variety of ways. As style and design are among the top priorities for sophisticated woman in China, we are confident that bebe’s bold design and contemporary fashion will appeal to the ever-changing lifestyle of the confident and sexy modern Chinese woman,” said Madam Celine Chen, Chairwoman of Longgoal LLC.

    bebe plans to locally design and develop up to 30 per cent of the product for China to create trendy fashion styles to reflect the local fashion and suit the bebe woman’s lifestyle in China. In addition, the company anticipates expanding further into licensing agreements for handbags, shoes and intimates in the initial partnership phase.

    bebe complements Longgoal’s current portfolio of retail brands, including GANT, the original American Sportswear brand launched in China nearly a decade ago, and Thomas Pink, the luxury British shirt brand under the LVMH Group.

  • Philip Morris Starts Testing Investor Demand For Indonesia Cigarette

    Philip Morris Starts Testing Investor Demand For Indonesia Cigarette

    Philip Morris International Inc., which makes and sells Marlboro cigarettes outside the U.S., has started testing investor appetite for an over $1.5 billion sale of its shares in its Indonesian operation, according to people familiar with the situation, in what would be one of the biggest share sales in Southeast Asia this year.

    New York-based Philip Morris is talking to potential investors to place its shares in PT HM Sampoerna Tbk. through a rights issue and hopes to start taking orders from Sept. 21, one of the people said. Another person said a decision to go ahead would depend on market conditions.

    The sale will allow Philip Morris to comply with a pending stock-exchange rule requiring all Indonesia-listed companies to have at least 7.5% of their shares in public hands. Philip Morris currently owns 98.2% of the unit, which has a market capitalization of about $23.6 billion.

    Philip Morris is the top cigarette manufacturer in Indonesia, the world’s second-largest market for cigarettes after China. Given the limited number of freely traded shares in PT HM Sampoerna Tbk. (HMSP.JK), it is unclear at what price the shares would be sold to investors.

    The deal, if successful, would be the second largest equity-market transaction in Southeast Asia after a $1.7 billion initial public offering by Thailand’sJasmine Broadband Internet Growth Infrastructure Fund (JASIF.TH) in January. Deal activity in the region has been slowing due to volatile markets and Indonesia has been one of the worst hit.

    Indonesia’s Jakarta Composite Index is down 15.6% in the year through Tuesday’s close, the worst performer in Asia. The market has been rocked this year by a combination of negative events. Weaker-than-expected demand from China has put pressure on commodity prices, which has hurt Indonesia’s producers and exporters. At home, President Joko Widodo’s plans to increase economic growth through infrastructure spending have been met with disappointment as projects fail to mature and the government rolls out new protectionist policies.

    In late June, Philip Morris announced that the unit had engaged investment banks to assist in evaluating options for meeting the stock exchange’s mandatory float requirement, which takes effect Jan. 30, 2016. The statement didn’t name the banks or specify the amount to be raised, and Philip Morris declined to give further details.

    Goldman Sachs Group Inc., Credit Suisse Group AG, CitiBank Inc., J.P. Morgan and local firm Mandiri Sekuritas are managing the share placement.

    Bankers will be meeting investors in Indonesia, Singapore, Hong Kong, Malaysia and London for about two weeks to gauge interest in Sampoerna shares, one of the people said.

    Sampoerna sells clove cigarettes and is the distributor of Philip Morris’s Marlboro brand in Indonesia. The share should result in additional cash for Philip Morris without ceding any control in the Indonesia business. If successful, the sale will be the biggest such divestments in Indonesia this year.

  • Starbucks to open first store in Cambodia

    Starbucks to open first store in Cambodia

    Starbucks Coffee Company is set to open its first location in Cambodia by the end of 2015, making the country its 16th market in the fast-growing China/Asia-Pacific (CAP) region.

    The store opening is made possible through its licensing agreement with Coffee Concepts (Cambodia) Limited, which is part of Hong Kong Maxim’s Group.

    The first location will open at the newly expanded Phnom Penh International Airport and will be followed by the second store opening in early 2016 in downtown Phnom Penh.

    “Cambodia is a vibrant country with a rich cultural heritage, and we are proud to bring the  Starbucks Experience to this market,” said John Culver, group president, China/Asia Pacific, Channel Development and Emerging Brands, Starbucks Coffee Company.

    Starbucks currently operates more than 5,200 stores and employs more than 80,000 employees in the CAP region. It operates more than 150 stores in Hong Kong and Macau and 15 stores in Vietnam through Viet Idea Food and Beverages Limited, a sub-licensee of Coffee Concepts (Vietnam) Limited, also a subsidiary of Hong Kong Maxim’s Group.

    “We look forward to becoming a part of Cambodia’s local coffee culture, embracing its traditions and sharing our deep passion and knowledge of the best coffees from around the world,” Culver added.