Tag: points

  • Vietnam Stocks Break Records: VN-Index Hits 1,909.01 Points Amidst Market Surge

    Vietnam Stocks Break Records: VN-Index Hits 1,909.01 Points Amidst Market Surge

    On Thursday, Vietnam’s principal stock index, VN-Index, concluded trading at an unprecedented high of 1,909.01 points. This represented a 0.94% increase from the previous day’s closing figure. Trading activity on the Ho Chi Minh Stock Exchange, which is the platform where the index is listed, surged by 26%, amounting to a total value of VND30 trillion (US$1.14 billion).

    Key Movers on the VN-Index

    In the VN30 index, which represents the 30 most significant capped stocks, 13 stocks registered gains. Leading the pack were STB of the Ho Chi Minh City-based Sacombank and VHM of the real estate titan Vinhomes, each recording a substantial 7% increase. Other notable gainers included LPB of Fortune Vietnam Bank, which climbed 3.6%, and HDB of HDBank, which closed 3.4% higher.

    However, not all stocks shared in these gains. Thirteen stocks in the VN30 index ended the day in negative territory, with the most significant drop being GAS of state-owned Petrovietnam Gas, which fell by 4%. Other significant losses were registered by DGC of Duc Giang Chemicals Group, which slipped 3.4%, and PLX of fuel distributor Petrolimex, which ended the day 3.3% lower.

    Foreign Investors’ Activity

    For the eleventh consecutive trading session, foreign investors were net sellers, offloading VND311 billion worth of stocks. Among the stocks most sold by these investors were FPT of tech behemoth FPT Corporation, ACB of Asia Commercial Bank, and KDH of property company Khang Dien House.

    The HNX-Index, representing stocks on the Hanoi Stock Exchange, which is home to mid and small cap stocks, fell by 0.28%. On the other hand, the UPCoM-Index for the Unlisted Public Companies Market finished the day 0.42% higher.

    Questions & Answers

    What was the closing figure for Vietnam’s VN-Index on Thursday?
    The VN-Index closed at 1,909.01 points on Thursday, marking a new peak.

    Which stocks led gains on the VN-Index?
    STB of Sacombank and VHM of Vinhomes led the gains, each with a 7% increase.

    What was the performance of foreign investors on the VN-Index?
    Foreign investors were net sellers for the 11th consecutive session, selling off VND311 billion.

  • J&T Express celebrates two years of strategic growth and expansion in Singapore

    J&T Express celebrates two years of strategic growth and expansion in Singapore

    International express logistics company J&T Express celebrated its second anniversary in Singapore on 9th January 2022, recording two years of exponential growth and progress, including a year-on-year double digit growth for parcel volumes, and an approximately three-fold increase in the total size of all its warehouses.

    Tapping into Singapore’s potential as a regional logistics hub, J&T Express established its operations in the country in January 2020, and has since accelerated its growth plans and invested significantly into its infrastructure. Starting off with just one sorting hub, the company now operates two sorting hubs across Singapore, a fulfilment centre at Penjuru and a warehouse at the Changi Airfreight Centre, and has also expanded its fleet four-fold.

    In addition to its infrastructure development, J&T Express has been actively growing its talent pool across the various departments in Singapore to continue driving success, including building new roles and upskilling employees through regular training programmes. Since 2020, J&T Express’ Singapore team has grown six-fold across a diverse range of roles such as software development, data analytics and automation.

    Andrew Sim, CEO of J&T Express Singapore, said, “J&T Express is in a unique position of not only playing the role of a logistics provider, but also serving as a one-stop e-commerce specialist across each and every touchpoint in the supply chain. Our tremendous growth and fast-paced expansion in Singapore reflects the shift we have seen in the market with an increasing number of Singaporeans embracing e-commerce.”

    With technology and innovation as its strategic priorities, J&T Express continues to strengthen its capabilities to improve operational efficiency and service quality. This includes upgrading its system of operations management, enhancing the technology support for seamless e-commerce experiences, and further optimising its fulfilment and warehousing solutions. In May 2021, the J&T Express mobile app was also launched to enable consumers and small business owners to arrange for door-to-door delivery in just a few clicks.

    J&T Express is also committed to supporting the growth of its e-commerce partners and Singapore’s e-commerce industry as a whole. As part of its efforts, the company launched its inaugural virtual J&T Fashion Week in August 2021 to provide a public platform for local e-commerce businesses to reach a wider audience, successfully helping them reach 3 million Singaporean consumers through online platforms.

    Looking ahead, as e-commerce becomes more cross-border, J&T Express aims to invest further in growing its network to help its customers reach wider markets, building on its current suite of offerings which includes international shipping to over 220 countries and regions worldwide.

    Mr Sim noted that as customers increasingly expect businesses to adapt to their needs and challenges, it is crucial that J&T Express continues to introduce new services and solutions that can meet the latest market demands.

    He added, “We are proud to be one of the key partners of Pick Network and the Locker Alliance, which will help us further enhance our last mile delivery services. We are also excited to have launched J&T Points, an island-wide network of service points that provides sellers greater flexibility by enabling them to drop off parcels at their own convenience and receive real-time tracking. Moving ahead, we look forward to expanding this network to provide even greater access to all Singaporeans.”

    Reflecting on J&T’s achievements over the last two years in Singapore, Mr Sim said, “J&T Express prides itself in being at the forefront of the industry, enabled by our focus on leveraging technology to advance our offerings, as well as our customer-first approach to be the partner of choice. We look forward to further driving our efforts in the market, strengthening our position as a one-stop e-commerce solutions specialist and constantly evolving and improving our services with a focus on agility and innovation.”

  • AirAsia BIG Loyalty launches eStore online shopping platform

    AirAsia BIG Loyalty launches eStore online shopping platform

    BIG Digital, a subsidiary of AirAsia, has unveiled the eStore, the latest lifestyle offering from AirAsia’s BIG Loyalty programme. The eStore will allow its more than 13 million BIG Members in Malaysia, Indonesia and Thailand to shop from over 150 lifestyle and travel brands on one platform – airasiabig.com, with rollout on the AirAsia BIG Loyalty mobile app in the near future.

    In a press release, AirAsia’s spokesperson said the online shopping platform aims to transform AirAsia BIG Loyalty’s lifestyle pillar, positioning the loyalty programme as a key player in the online travel retail industry. Selected available brands include Uniqlo, Hotels.com, 11street, Digi, Fave and ezbuy.

    AirAsia BIG Loyalty CEO Dato Eddy Leong (pictured far right) said its eStore is the newest digital innovation that “stays true to its dedication to reward members easier, faster and better.” The loyalty programme has about 10,000 new BIG Members and over 167,000 web traffic daily. With eStore, BIG Members are able to buy online with purchases delivered to their home, and every RM1 spent earns 1 BIG Point or more.

    To celebrate the launch of the eStore, there will be a special “eStore 12.12 BIG Sale” on 12 December 2017 where members who shop on the eStore stand a chance to win exclusive vouchers or a grand prize of up to 160,000 BIG Points to redeem flights to Seoul, Osaka or Tokyo.

  • Combine all your rewards points and get more out of your luxury shopping

    Combine all your rewards points and get more out of your luxury shopping

    Shoppers can now save money on luxury brands by combining reward points from their different Visa credit cards.

    The “Points for Brands” campaign enables customers with Visa credit cards issued from leading financial institutions in Thailand, including Kasikornbank, Bank of Ayudhya (Krungsri), Krungthai Bank, Krungsri First Choice, Government Savings Bank, and Thanachart Bank to pool reward points for purchase of goods at selected luxury brands at a rate of 1,000 points for THB 100.[1] 

    There are more than 70 participating brands at The Emporium and The EmQuartier, including Coach, Kate Spade, DKNY, DVF, Proenza, COMME des GAçONS, Jimmy Choo, Valentino, EMPORIO ARMANI, Balenciaga, Calvin Klein, Hugo Boss, MCM, and Club 21.

    “This is the first time our cardholders can purchase luxury brands by redeeming points from across their portfolio of Visa credit cards, a rarity for premium categories,” said Suripong Tantiyanon, Visa Country Manager, Thailand.

    Exclusive to Visa cardholders, more information, along with help on how to redeem reward points, can be found at Points for Brands booth on M Floor at EmQuartier