Tag: asia

  • UOB Names Sustainability Chief

    UOB Names Sustainability Chief

    UOB appoints a chief sustainability officer in yet another industrywide move towards expanding the green finance market.

    Eric Lim has been named as the Singapore bank’s CSO, according to a statement, as an extension to his existing role as head of group finance.

    Lim also joins UOB’s management committee and reports directly to deputy chairman and CEO Wee Eee Cheong.

    Lim’s new responsibilities include ensuring «synergies» between the bank’s sustainability strategy and financial performance management.

    He is also the chairperson of UOB’s group environmental, social and governance (ESG) committee which is tasked with

  • Leo Burnett India Introduces ‘StreetEye’

    Leo Burnett India Introduces ‘StreetEye’

    Leo Burnett is a global multi-disciplinary consultancy firm that specializes in, advertising, brand consultancy, communication, marketing, and so on. While the company isn’t active in the business of road safety, Leo Burnett recently introduced a first-of-its-kind product in India. Called the ‘StreetEye’, this two-wheeler mounted device is designed to detect potholes and alert a two-wheeler rider of the same in real-time. StreetEye was conceptualized, designed, and manufactured by Leo Burnett and the project was sponsored by Acko Insurance.

    India has one of the densest road networks in the world. Traffic data from 2019 suggests that 4,775 road accidents were caused by pot holes, resulting in 2,140 deaths. So a device that can be mounted on a two-wheeler and alerts motorists of pot holes well in time, has the potential to save thousands of lives and even prevent injuries to two-wheeler users.

    Leo Burnett says that the StreetEye device uses stereo cameras and light detecting to map potholes on the road’s surface and alert the rider so that he/she can take adequate action to avoid the same. The device has a pot-hole detection range of up to eight meters. The device will be light and gets a sleek design. And it is encased in a weatherproof body.

    Speaking about the prospective launch Rajdeepak Das, CEO, and Chief Creative Officer, Leo Burnett said “At Leo Burnett we believe the only way to predict the future is to create it ourselves. We have always been driven by our HumanKind philosophy which puts people and problems at the center of all our initiatives. The teams at Leo Burnett have been tirelessly researching, developing, and testing various versions of StreetEye to find a solution to one of the vital problems i.e. accidents due to potholes. And we are very excited about this product and would be launching it soon in the market.”

    The StreetEye device is yet to be launched in India and so far,

  • Etisalat to deliver first Open RAN implementation in Central Asia

    Etisalat to deliver first Open RAN implementation in Central Asia

    Etisalat partners with Parallel Wireless, Intel, and Supermicro in deploying the world’s first cloud-native Open RAN solutions in Afghanistan — the first Open RAN implementation in Central Asia.

    Hatem Bamatraf, Chief Technology Officer-International, Etisalat Group, said: “The combination of Open RAN, virtualization, and automation will enable Etisalat to meet the needs of our customers most cost-effectively in Central Asia. Being able to use an Open RAN system will help us not only extend our initial investment but also bring new services much faster. Parallel Wireless together with Intel and Supermicro have become true strategic partners and key enablers in undertaking this Open RAN implementation.”

    Mobile network operators in Central Asia are facing strong pressure to evolve their businesses and operations to drive profitability. Addressing these challenges requires industry innovation focused on reducing traditional hardware-defined 2G, 3G, or 4G networks that require expensive and bulky equipment to deploy, operate or upgrade.

    Open RAN solutions are now ready for prime time as Parallel Wireless leads with innovation in Open RAN, including the world’s first network architecture that unifies all mobile connectivity standards – 2G, 3G, 4G, and 5G– under the same software and cloud-native umbrella.

    In Afghanistan, the Open RAN radio hardware ecosystem of Parallel Wireless shall provide Remote Radio Units (RRUs) that will allow Etisalat to replace legacy 2G/3G/4G systems with white box solutions that can be upgraded to 5G in the future.

    Amrit Heer, Director of Sales, Parallel Wireless, said, “We believe it is the ideal time to align and collaborate to solve the key challenges to deliver innovative RAN solutions that are ready for commercial deployment. Implementing our world’s leading O-RAN compliant software platform will allow Etisalat to enable new services to be deployed quickly, seamlessly, and more reliably.”

    Etisalat’s strategic goal is to build and grow wireless networks to provide next-generation digital services to its customers in the region. Working in collaboration with Parallel Wireless, Intel, and Supermicro, this can be achieved by assembling viable solutions that build on an open and modular architecture; improving service agility through cloudification; and reducing operational costs across geographically distributed sites with automation.

    Jeff Sharpe, Director Edge/5G Solutions, Supermicro, commented on this collaboration: “We are pleased to be working with Etisalat, Parallel Wireless, and Intel to enable an open ecosystem of disaggregated RAN solutions using vendor-neutral RAN hardware and software-defined technology based on open interfaces and community-developed standards.”

  • Hong Kong chain AbouThai raided over labelling breaches

    Hong Kong chain AbouThai raided over labelling breaches

    Hong Kong authorities have seized nearly 9000 Thai cleaning products suspected to have wrong labeling from a shop founded by a pro-democracy activist facing charges under the city’s contentious national security law. Customs officers on Thursday raided 25 shops belonging to the chain, AbouThai, and arrested a 33-year-old male director of the group, the government said in a statement.

    The suspect had been released on bail and further arrests had not been ruled out, it added.

    “The product information marked on the packages of the products involved failed to bear Chinese and English bilingual warnings or cautions,” it said, adding the estimated market value of the 8805 products seized was about HK$400,000 (US$51,400).

    Under Hong Kong’s Consumer Goods Safety Ordinance, warnings or cautions on products must be in both English and Chinese and are required to be “legibly and conspicuously shown on the goods”.

    Customs chiefs said the raids were carried out in connection with missing safety warnings on cleaning products, with some only having warnings or cautions in Thai, while others bore warnings or cautions in Thai and English.

    The company’s founder, Mike Lam, is among 47 democrats charged under the city’s national security law on a charge of conspiracy to commit subversion and is currently on bail.

    Crowds queued outside branches of the shop across the city on Friday to show support for Lam, with some saying they believed the raid was politically motivated.

    “I find it unreasonable that the Customs targeted AbouThai. That’s why I come here to support. I am quite touched that many people come,” said Chris, who declined to give his full name due to the sensitivity of the national security law.

    The legislation punishes what Beijing broadly defines as secessionism, subversion, terrorism and collusion with foreign forces with up to life in jail.

    Local broadcaster RTHK quoted Vincent Chan, from the customs consumer protection bureau, as saying the department condemned any “false accusation” that the raid was an “act of repression”.

    Hong Kong anti-government protesters have queued outside businesses that openly support the democracy movement since anti-government protests flared in 2019.

    The former British colony returned to Chinese rule in 1997 with a promise of safeguards for its wide-ranging autonomy. Democracy activists say authorities are chipping away at those freedoms, accusations which officials in Beijing and Hong Kong reject.

  • Some luxury brands thriving in Korea despite pandemic

    Some luxury brands thriving in Korea despite pandemic

    Expensive luxury brands are racking up strong sales in South Korea, despite the coronavirus outbreak.

    Consumers, denied overseas travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation Z) in particular.

    The Financial Supervisory Service reported that Christian Dior Couture Korea Co, the South Korean branch of French luxury brand Christian Dior, generated operating profits of 104.7 billion won (US$93.6 million) last year, 2.4 times more than the previous year.

    The company reported 328.5 billion won in sales and 77.7 billion won in net income, up by 75.8 percent and 253.4 percent, respectively.

    Moncler Korea, the operator of the puffer jacket brand Moncler, generated 31.7 billion won in operating profits and 23.1 billion won in net income last year, up by 57.4 percent and 59 percent from the previous year.

    The Ministry of Trade, Industry, and Energy reported that last year’s luxury sales at major department stores jumped by more than 15 percent from the previous year.

    Out of all products sold at department stores, only products from famous foreign brands and household goods saw a rise in sales.

    There are other high-end brands, however, that failed to demonstrate better performance.

    Ferragamo Korea, the South Korean branch for the luxury shoes brand Salvatore Ferragamo, reported 4.5 billion won in operating profits last year, a drop of more than 50 percent from the previous year.

    The company generated 105.6 billion won in sales and 3.5 billion won in net income, dropping by 29.7 percent and 56.9 percent.

  • Standard Chartered Grows Digital Payments Proposition

    Standard Chartered Grows Digital Payments Proposition

    The bank is doubling down on its commitment to the payments industry with its investment in a global cross-border payments platform. SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered bank, has made a strategic investment in Ireland-based CurrencyFair, it announced in a statement.

    As a result of the investment, CurrencyFair will merge with Assembly Payments, an Australia-based platform that automates complex payment workflows, which is invested into in 2020. The combined entity will offer the full range of payment services, providing retail and corporate clients access to fast, high-volume domestic and cross-border payments, the announcement said.

    The announcement highlighted a $2 trillion revenue market for payments, citing figures by McKinsey & Company, as well as an increasingly complex global cross-border business payments market.

    Paul Byrne, CEO of CurrencyFair, will lead the merged business, which will focus on payments, global payment accounts, partner ecosystem, lending and settlement, and services.

  • DBS Trims Office Space in Singapore

    DBS Trims Office Space in Singapore

    DBS is the latest global bank to offload more office space, this time in a Singapore building where it is the anchor tenant. DBS will give up about two and a half floors out of the more than a dozen floors it occupies at Tower 3 of the Marina Bay Financial Centre, according to a report citing unnamed sources. Singapore’s largest lender is set to surrender the space, which totals 75,000 square feet, in December.

    DBS joins other global banks that are shifting their operational models by reducing office space and increasing flexible working measures.

    In Singapore, Citi is offloading three floors and Mizuho is cutting less than one floor of office space.

    In Hong Kong, DBS has also dropped eight floors of office space joining the likes of BNP Paribas, Standard Chartered and UBS.

    DBS’ reduction of office space falls in line with its announced strategy to provide flexible working conditions for its staff.

    In November, the bank said that remote working would be allowed for employees as much as 40 percent of the time.

  • Eximbank seeks to pay dividends after 7 years

    Eximbank seeks to pay dividends after 7 years

    Lender Eximbank has sought approval from the State Bank of Vietnam to pay a dividend of VND1,800 ($0.07) per share for 2020.

    The bank sold its bad debts to the state-owned Vietnam Asset Management Company (VAMC) in 2015 against bonds on the condition it is not allowed to pay dividends until the bonds are fully redeemed.

    According to documents it has circulated among shareholders, it redeemed the last of the bonds on March 30.

    The last time it paid dividends was for 2013.

  • Google’s redesigned Play Store could be on your Android device right now

    Google’s redesigned Play Store could be on your Android device right now

    Google has started to disseminate the next major redesign of the Google Play Store. The big change is the removal of the hamburger menu to the left of the search bar. Tap the profile photo in the upper right corner and you’ll see a menu that gives you access to your apps, games, payment methods, Google Play points and more.

    The settings menu is now broken up into four different categories such as General (information pertaining to your account, auto-update, auto-play video options, and a lot more different preferences you can choose from), User Controls (fingerprint controls and purchase authentication), Family (parental control and a parent guide), and About. The latter gives you information like the version of the Play Store installed on your device.

    Google has been rolling out the redesigned Play Store for weeks and the distribution of the new design is getting wider. If for some reason you don’t have the new version, you can try and force the issue by long-pressing on the Play Store app on the home screen to get the App info page. Tap on “Force Stop” and the next time the Play Store app is opened, it should feature the new design.

    Yesterday, we learned that Google I/O will once again be a streamed affair. The event will take place May 18th through the 20th and we should learn then about what Google has up its sleeve for Android 12.

  • CEO Mary Barra Bets General Motors Can Grow Beyond Cars And Trucks

    CEO Mary Barra Bets General Motors Can Grow Beyond Cars And Trucks

    Pam Fletcher wants to change the way General Motors Co makes money. The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated $1.3 trillion. That doesn’t include flying cars, a market sector that alone could be worth $1.3 trillion, Fletcher told Reuters.

    On a recent video chat, Fletcher counted silently before answering how many ventures her team is shepherding. “Just under 20,” she said.

    The fact that GM is now incubating its own startups – with its corporate venture arm investing in dozens more- underscores Chief Executive Mary Barra’s sweeping effort to remake the largest U.S. carmaker. The goal is to become a diversified purveyor of mobility services – the automotive equivalent of Apple, with revenue that rolls in monthly or quarterly from software and services long after the initial product is sold.

    For legacy automakers such as GM, Volkswagen and others attempting to overhaul and transform their businesses, that task is daunting, according to Evangelos Simoudis, author and adviser on corporate innovation strategy.

    “The technologies incorporated in the software-defined vehicle will require areas of expertise that one routinely finds in technology companies rather than in automakers,” he said.

    Barra’s push to transform GM’s century-old business model is already having a significant impact – even though the first of a new generation of electric vehicles she has promised is still months from launch. GM returned $24 billion to shareholders in dividends and stock buybacks between 2014, when Barra took over, and early 2020. But those buybacks were suspended indefinitely when the pandemic hit last spring. Now, Barra told Reuters, the company has more productive uses for its money: Investing in electric vehicles and expansion of business lines that promise recurring revenue streams.

    GM’s new ventures could add tens of billions to the future revenue, Barra said, and push operating profit margins above the current 8% it achieved in 2020, and the 10% it has targeted long term. “We have very significant growth opportunities and different margin opportunity initiatives to invest in,” she said in a video interview. Barra’s shift from stock buybacks to investing in recurring revenue services, coupled with a drive to make GM an all-EV company by 2035, has achieved in one year what a decade of cost cuts and cash returns to shareholders could not.

    GM’s share price over the past six months has broken out of the range it was stuck in since the company’s post-bankruptcy IPO in 2010. GM shares hit a post-2010 high of $62.23 on March 18 and are up nearly 50% for the year. Still, GM’s $90 billion market cap lags Tesla Inc’s $600 billion valuation by a wide margin, reflecting doubts among investors that a 113-year-old Detroit manufacturer can keep up with an 18-year-old Silicon Valley company that has no technology or workforce legacy burdens to slog through.

    “I understand why people may be skeptical (of GM) because this is a company where we have seen revolutions being announced over the last half century and for some reasons it wasn’t authentic,” says Jeffrey Sonnenfeld, a dean of leadership programs at the Yale School of Management.

    Barra, he said, “has the authenticity and legitimacy to pull it off in a way that a lot of other people wouldn’t.”

    Barra’s effort to remake GM’s business relies on an executive corps that mixes long-time GM managers like herself – Barra has worked at the company for 40 years – and recent recruits from outside the auto industry.

    “We’re marrying people who really understand the auto business with people who understand these other businesses that we think are growth opportunities,” Barra said.

    A new venture that combines several aspects of GM’s approach is BrightDrop, a unit that will provide electric vans and related hardware to commercial delivery firms, starting with FedEx, along with support services from fleet management to predictive analytics.

    GM rival Ford Motor Co is introducing its own electric delivery van and expanding support services to defend its leading share of the U.S. commercial vehicle market of more than 40%.

    BrightDrop, one of the first “graduates” of Fletcher’s innovation incubator, started life less than two years ago as an idea initially dubbed Smart Cargo.

    Fletcher’s team started incubating Smart Cargo in September 2019, about the same time another GM group was working on the company’s future electric vehicle portfolio. The “big idea” – marrying an electric van with the software- and data-driven delivery services business – was hatched in February 2020.

    The enterprise gained additional traction in late 2020, when GM recruited longtime tech entrepreneur Travis Katz to become BrightDrop’s president and CEO.

    Ultimately, GM’s leadership wants BrightDrop to operate independently and cultivate “outside ideas and new ways of thinking,” Katz told Reuters.

    “We expect BrightDrop to be a very big and very profitable business,” he added. Eventually, “there will be a lot of learnings from the BrightDrop experience that will flow back into GM.”

    Barra also is building GM’s long-standing OnStar telematics business into a platform for selling insurance and other services that can be delivered over the air.

    Santiago Chamorro, head of global connected services, has expanded OnStar’s safety and security portfolio with new products and services incubated in-house, including OnStar Insurance, mobile safety app Guardian and Vehicle Insights, a data analytics platform for commercial fleet managers.

    Insurance, a new arena for GM, is led by outside hire Andrew Rose, who previously worked for auto insurance powers Progressive and Britain’s Admiral Group.

    Rose says GM dealers could offer policies to owners when they buy or lease a vehicle. OnStar could offer discounts to better drivers, as well as quicker claims service after an accident, and eventually could offer home insurance as part of the package.

    GM has never broken out OnStar’s financial results, and Barra won’t say if or when the company will do so.

    “OnStar is already a very significant business,” she said. “We think there are opportunities to grow it even out beyond our vehicles.”

  • Myanmar crisis sounds death knell for garment industry, jobs and hope

    Myanmar crisis sounds death knell for garment industry, jobs and hope

    Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. The business had been struggling because of the Covid-19 pandemic, but after a February 1 coup that sparked mass protests and a deadly crackdown – during which his factory was set alight amid a surge of anti-Chinese sentiment – orders stopped.

    His story is emblematic of the perilous situation facing a sector critical to Myanmar’s economy, which accounts for a third of its exports and employs 700,000 low-income workers, according to UN data.

    “We would have no choice but to give up on Myanmar if there are no new orders in the next few months,” said Li, adding he has been operating at about 20 percent capacity, surviving only on orders placed before the coup, and had already shed 400 staff.

    Li said he and many of his peers were considering moving to other low-cost garment hubs like China, Cambodia or Vietnam, as big fashion brands like H&M and Primark have stopped trading with Myanmar due to the coup.

    Chinese nationals like Li fund nearly a third of Myanmar’s 600 garment factories, according to the Myanmar Garment Manufacturers Association, by far the largest investor group.

    At least two other Chinese-funded garment factories in Myanmar, employing a combined 3000 workers, had decided to close, said Khin May Htway, managing partner of MyanWei Consulting Group, which advises Chinese investors in Myanmar. She said the two firms were her clients but declined to identify them citing privacy.

    Foreign investment in garments surged in Myanmar over the past decade as economic reforms, an end to Western sanctions, and trade deals helped establish the sector as the greatest symbol of its nascent emergence as a manufacturing hub.

    Myanmar garment shipments rose from less than $1 billion in 2011, about 10 percent of exports, to more than $6.5 billion in 2019, about 30 percent of exports, according to UN Comtrade data. But the sector has been rocked by the pandemic which plunged the world into recession and choked consumer demand, resulting in tens of thousands of garment factory jobs lost in Myanmar and elsewhere in Asia. Then the coup happened.

    In the weeks that followed, many garment workers joined protests or couldn’t get to work as streets became battlegrounds. The turmoil also jammed the banking system and made it difficult to get goods in and out of the country, factory owners said.

    With international condemnation of the coup growing, European and US fashion brands last month issued a statement through their associations saying they would protect jobs and honor commitments in Myanmar.

    However, many have recently halted orders there including the world’s second-biggest fashion retailer, Sweden’s H&M, Britain’s Next and Primark, and Italy’s Benetton.

    Next said it would split its orders previously going to Myanmar between Bangladesh, Cambodia, and China, while Benetton said it would mainly move the business to China. H&M and Primark have not commented on how they will redistribute orders.

    Escape from poverty

    In Vietnam, garment factory owner Ravi Chunilal told Reuters he was starting to get more business from European buyers diverting from Myanmar.

    “They don’t want to abandon Myanmar … but it’s being forced upon them,” said Peter McAllister of Ethical Trade Initiative, a labor rights organization whose members include European high-street brands.

    McAllister said that it would be very difficult for Myanmar’s garment sector to recover if Chinese investors left.

    Anti-China sentiment has risen since the coup, with opponents of the takeover noting Beijing’s muted criticism compared with Western condemnation. It was against this backdrop that several Chinese-funded factories, including Li’s, were torched by unidentified assailants during a protest last month.

    Rights groups have repeatedly raised concerns about exploitation in Myanmar’s garment sector, where mostly women workers earn as little as 4800 kyat ($3.40) a day, the lowest rates in the region.

    But it has provided an escape from poverty for many, as workers have migrated from rural areas to the factories, mainly around the commercial hub of Yangon, and sent money back to their families.

    Khin Maung Aye, managing director of Lat War garments factory, which employs 3500 people, says the sector faces collapse if the military does not restore a democratically elected government.

    That would result in “terrible outcomes of poverty”, he said, adding that he was also staying afloat on orders placed before the coup but feared orders for next season, normally due later this month, will dry up.

    The US, which has imposed targeted sanctions on Myanmar’s military, late last month suspended trade talks with it and said it was reviewing its eligibility for its Generalized System of Preferences scheme, which reduces tariffs and provides other trade benefits for developing countries.

    That could “portend future disruption” for Myanmar’s garments sector, said Steve Lamar, president of the American Apparel & Footwear Association, which represents more than 1000 fashion brands.

    But some unions representing garment workers have called for the international community to impose tougher sanctions to press the military, even though it may further damage their industry.

    “I accept orders moving away,” Myo Myo Aye, founder of the Solidarity Trade Union of Myanmar, said through a translator. “Workers would face difficulties and hardship because there would be no jobs. On the other hand, we simply don’t accept the military regime.”

  • Switch Mobility And Siemens Partner To Work On Electric Mobility Projects In India

    Switch Mobility And Siemens Partner To Work On Electric Mobility Projects In India

    Home-grown commercial vehicle manufacturer, Ashok Leyland’s global electric mobility arm, Switch Mobility has entered into a partnership with German technology conglomerate, Siemens Limited. The two companies have signed a Memorandum of Understanding (MOU) towards building a cooperative technological partnership in the electric commercial mobility segment and work on eMobility projects in India. The company says that the main objective of this partnership between the two brands is to offer efficient, cost-effective and sustainable e-mobility solutions to various commercial vehicle customers in India.

    Commenting on the partnership, Nitin Seth, Director, Switch Mobility said, “Our collaboration with Siemens will focus on key identified areas, which will be critical to propel ourselves as an industry, towards clean and sustainable mobility solutions. Our overarching objective is to achieve the lowest Total Cost of Ownership (TCO) and our endeavour with Siemens will focus on it to make eMobility a compelling solution for businesses and the environment in India.”

    At the same time Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “Siemens is a global leader in e-mobility solutions for commercial vehicles. We have been implementing projects for electric commercial vehicles across the globe. Together with Switch Mobility, we intend to implement high-quality techno-commercial solutions to address the needs of the growing E-mobility market in India.”

    To achieve their joint objective, for its part, Switch Mobility will offer its strong electric commercial vehicle industry experience. Siemens, on the other hand, will bring its flexible, high-efficiency charging infrastructure technology to the table, which comes with efficient and reliable medium-voltage grid connection solutions. The company says that Siemens’ charging infrastructure management software solution would enhance the energy-efficient operations of the chargers.

    As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Limited.

  • Uniqlo owner Fast Retailing lifts full-year profit outlook

    Uniqlo owner Fast Retailing lifts full-year profit outlook

    Japan’s Fast Retailing, the owner of clothing brand Uniqlo, on Thursday reported a 23 percent jump in half-yearly operating profit and raised its full-year profit estimate.

    The company has been among the most resilient retailers during the COVID-19 pandemic, as Uniqlo’s focus on China and Japan helped it escape the worst of the downturn that hit the United States and Europe. Fast Retailing said operating profit was 168 billion yen ($1.53 billion) in the six months through February, against 136.7 billion yen a year earlier.

    The company raised its full-year operating profit forecast to 255 billion yen from 245 billion yen. The average estimate in a Refinitiv poll of 15 analysts was 262.9 billion yen. During the pandemic, Uniqlo briskly sold masks and saw strong demand for its stay-at-home jogging pants and other comfortable apparel.

    However, the company is now dealing with crises in Myanmar and China that are upsetting its supply chain and one of its most important foreign markets.

    Fires broke out at two of Fast Retailing’s partner factories in Myanmar last month amid unrest that followed a military coup. The company has had to halt operations at some facilities in the country due to martial law conditions.

    In China, the company and other Western brands are facing a backlash over criticisms of alleged human rights abuses in Xinjiang province. Fast Retailing operates about 800 Uniqlo stores on the mainland, about the same number as its home market of Japan.

    Western brands including H&M, Burberry, Nike and Adidas have been hit by consumer boycotts in China for raising concerns about forced labor in Xinjiang, a major producer of cotton. Five brand ambassadors for Fast Retailing in China have quit amid the backlash.

  • Papa John’s launches in Cambodia

    Papa John’s launches in Cambodia

    US pizza chain Papa John’s is launching in Cambodia with 15 restaurants scheduled to open during the next three years. The company opened its flagship store in Phnom Penh last month.

    “Papa John’s Cambodia team is truly passionate about pizza,” said Peter Xu, Papa John’s Cambodia franchisee.

    “With our ‘Better ingredients – Better pizza’ promise, we look forward to providing local pizza lovers with quality products and outstanding services.”

    Xu also owns a Papa John’s franchise in New York and other business ventures in Cambodia.

    Jack Swaysland, Papa John’s COO, international, said that following a record year of sales and growth, Papa John’s is well-positioned to accelerate international development, a key pillar for the brand’s long-term growth.

    Papa John’s has restaurants in 48 countries, with the latest new openings in France, Spain, Tunisia, Iraq, the Netherlands, Morocco, Kazakhstan, Kyrgyzstan, Poland, the Bahamas, Pakistan, and Portugal. The company is eyeing expansion in Brazil, Japan, and Southeast Asia.

  • Foodpanda to drive Covid-19 vaccination awareness campaign across Asia

    Foodpanda to drive Covid-19 vaccination awareness campaign across Asia

    Food and grocery delivery service Foodpanda has launched a Covid-19 vaccination awareness campaign across Asia in the lead-up to WHO’s World Immunisation Week. The campaign, which aims to reach more than 10 million people across Asia, will include a series of content across digital and social media channels, providing information and resources on local vaccination programs.

    It will be rolled out in phases across Singapore, Malaysia, Thailand, Hong Kong, Cambodia, Japan, Bangladesh, Pakistan, and the Philippines.

    “The region’s battle with Covid-19 is ongoing, and we have to stay vigilant on keeping our ecosystem safe,” said Jakob Angele, CEO of Foodpanda. “Leveraging existing channels with our network of riders, merchants, employees and customers, we can raise greater awareness around fighting misinformation and share information around local vaccination programs so that our entire delivery ecosystem can be informed and mobilized.”

    Besides its social media campaign, Foodpanda will also join hands with local authorities to support vaccination programs in Singapore, Cambodia, and the Philippines.

    “We will continuously explore ways to play a part in the fight against Covid-19.”