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Tag: asai

  • Gasoline prices soar

    Gasoline prices soar

    Gasoline and diesel prices both rose Thursday afternoon as global rates increased during the last seven days.

    The popular fuel RON95 went up 2.79% to VND23,910 ($0.98) per liter.

    Biofuel E5 RON 95 gained 3.21%r to VND22,830.

    Diesel rose 3.18% to VND21,360.

    A decline in production at U.S. refineries also caused prices to go up by 2.5-4.3%, according to the Ministry of Industry and Trade and the Ministry of Finance.

    RON95 increased by 3.5% to $101.8 per barrel. Diesel rose 3.6% to $108.15.

  • AirAsia Revamps Super Plus Unlimited Plan To Include Long-Haul Flights

    AirAsia Revamps Super Plus Unlimited Plan To Include Long-Haul Flights

    In March, AirAsia launched a subscription service called Super+ that provides unlimited flights in Malaysia and across the ASEAN region as one of its main attractions. Fast forward to today, the service has been revamped to include long-haul flights from AirAsia X.

    Instead of just a single option, the AirAsia Super+ subscription service has now been divided into two. The first, the Super+ Lite is the closest to the original iteration and promises unlimited flights to destinations across Southeast Asia.

    That being said, the new Lite option is now priced much higher at RM888 per year. As a comparison, the original Super+ subscription costs RM639, which is a noticeable difference of RM249.

    As for the long-haul AirAsia X flights have been put into the Super+ Premium option, which comes with a price tag of RM2,288 per year. Each option includes additional perks, such as unlimited 5% discounts on hotels available via the AirAsia platform.

    AirAsia Super+ subscribers can also obtain 10% discounts on AirAsia Ride service in Malaysia, Indonesia, and Thailand. That being said, the discount on the AirAsia Ride is capped at RM2 in Malaysia while it is also capped at THB16 (~RM2.02) in Thailand and IDR6,500 (~RM1.84) in Indonesia.

    Not to forget, Super+ Lite and Premium customers would also receive 800 and 2,000 AirAsia points, respectively. However, the original bonus perks, such as COVID-19 insurance coverage and free delivery on food orders no longer available with the newly revamped Super+ offerings.

    Quite some policies from the original Super+ service have been retained for the revamp. Among them includes three no-shows limit, a 14-day advanced booking requirement, and no bookings for selected embargo periods.

    While Super+ subscribers are able to book their flights from today onwards, the date for the flights starts from 1 January 2023. Unlike the original Super+ version from earlier this year, AirAsia did not announce any customer limit or purchase deadline for the revamped options but nevertheless, the CEO of Capital A, Tony Fernandes at the launch event today noted that the offering would not be made available forever.

    The announcement of the newly revamped Super+ subscription service seemed rather timely, as Capital A has recently revealed its plan to offload the company’s aviation businesses which includes AirAsia Malaysia, Thailand, Indonesia, and the Philippines to AirAsia X. If the plan goes through, it will result in the creation of a new consolidated aviation group and may also help elevate both Capital A and AirAsia X out of their current PN17 classification by Bursa Malaysia.

  • Singapore-Based Fintech Thunes Makes Strategic Appointments

    Singapore-Based Fintech Thunes Makes Strategic Appointments

    The fintech startup has made a pair of executive hires to support its global growth strategy. Thunes has appointed Irina Chuchkina as chief marketing officer and Babul Balakrishnan as head of customer care, who will both be based in Singapore, the global cross-border payments firm said on Tuesday.

    Fintech marketing leader Chuchkina, who is also an Executive Committee Member in the Singapore Fintech Association, brings over 15 years of experience in the payments and technology space in Europe and Asia, including at Rapyd, Grab and Visa. She will lead Thunes’ global marketing strategy.

    Balakrishnan has over two decades of experience across various industries with a focus on customer service and customer experience. He joins from telco StarHub, where he was AVP of customer experience operations. He will work with the various business units to elevate customer care into customer experience across Thunes’ partner network.

    The appointments follow the announcement of Thunes’ acquisition of Europe payments platform Limonetik, to complement its cross-border payments solutions. The company has also made several other strategic hires the last 12 months to support its expansion plans.

    Launched in 2016, Thunes is headquartered in Singapore and operates regional offices in London, Shanghai, New York, Dubai, and Nairobi. In September 2020, it raised $60 million in a Series B funding round led by Africa-focused Helios Investment Partners.

  • Automobili Pininfarina’s SUV PF1 Will Compete Against Ferrari & Lamborghini

    Automobili Pininfarina’s SUV PF1 Will Compete Against Ferrari & Lamborghini

    It was at the 2019 Geneva Motor Show that Mahindra-owned Pininfarina unveiled its first production hypercar – the Battista and we got know a lot about the car as well; of course we told you all about it too. While the company wants to keep the production of the Battista limited, there’s no denying that there will be people who would want to get their hands behind the wheel of one. The Battista stands out amongst the others in this segment and yes, there are quite a few hypercars entering this segment very quickly, but of course, Pininfarina is not stopping there and it’s already embarking on its next project an SUV or as Automobili Pininfarina CEO, Michael Perschke likes to call a ‘Sports Activity Vehicle’

    He confirmed the development on the sidelines of the 2019 Geneva Motorshow. He said, “The board sanctioned 3 to 4 cars including the Battista. The second one is probably going to be somewhere between a Lamborghini Urus and a Ferrari GTC4 Lusso. A super spectacular sports activity vehicle which is probably closer to a sports car than an SUV.”
    While there’s no doubting why the company is diving into the SUV segment, considering how big a global trend the segment is; it’s interesting to see Pininfarina taking the bull by the horns and streamlining its strategy for the Indian market. While it’s currently under development, and hence not much is known about it, of course, there are some details that Perschke threw some light on. He said “It’s going to have 4 seats, maybe 5 people can sit in, but it’s going to be super functional, super emotional, superb designwise and it’; be a little higher, little longer than the Battista and it’s going to be super exciting and we have to do justice to this brand.”

    The SUV is called the PF1 for now and will go up against the likes of the Lamborghini Urus and even the Ferrari GTC4 Lusso and it’s likely to come with more than 1000 bhp and of course it’ll be all electric. It’s likely that the company will borrow Rivian’s modular skateboard platform for the PF1 SUV and while there’s no formal announcement yet on that development, it’s likely that the powertrain for this will come from Rimac. We can’t wait to know more about the PF1 soon.