Industries.
Singapore Transport Minister Siow: SIA Air India Investment Not Affecting Local Services
Singapore's Transport Minister Jeffrey Siow stated that Singapore Airlines' (SIA) investment in Air India has not compromised its ability to provide essential services locally. This follows a reported US$1.5 billion equity call for the Indian carrier.
Coupang Rejects Korea's W3.37 Trillion Data Breach Payout
The e-commerce giant notified the Consumer Dispute Mediation Commission it would not accept the 100,000 won per user recommendation for 33.7 million affected customers.
Tesla China Cuts Model 3, Model Y Prices Amid Weak Demand
Tesla China has introduced discounts on its Shanghai-built Model 3 and Model Y vehicles. This marks the first such price adjustment since late 2024, following declining deliveries in the world's largest electric vehicle market.
Alibaba's Taobao Records ¥230 Million in 'Ugly' Product Sales
Young Chinese consumers have driven cumulative sales of unusual items on the e-commerce platform since 2020, reaching US$34.3 million.
APR Medicube Cream Cleared of Banned Dye After Singapore HSA Recall
South Korean beauty firm APR found no Sudan Red dye in Medicube skin cream batches. This follows a Singapore Health Sciences Authority (HSA) recall. APR disputes the origin of HSA's initial samples.
Sheng Siong Matriarch Ng Lye Poh Dies Aged 91
Ng Lye Poh, mother of Sheng Siong's billionaire founders, has died at 91. She was also a survivor of a notable 2014 kidnapping-for-ransom case in Singapore.
Southeast Asia E-commerce Platforms Prioritise Engagement, Content
As the market matures, regional e-commerce firms are moving past price wars, investing in social commerce and artificial intelligence to capture consumer attention.
Kontafarma liquidates Singapore True Fitness units after HK$19.1m loss
Hong Kong-listed Kontafarma China Holdings began winding up its True Fitness and True Yoga subsidiaries today, citing fierce competition and liquidity issues. All 10 Singapore outlets have ceased operations.
Philippine Restaurant Owners Resist Expanded Senior, PWD Discounts
Philippine restaurant owners, led by RestoPH, oppose proposed legislation that would increase mandated discounts for seniors and persons with disabilities (PWDs). Businesses warn these changes would raise operating costs and eliminate consumer promotions, shifting financial burdens from the government to enterprises and other customers.
Mixue Closes 89 Overseas Stores, H1 Net Profit Dips 15%
Mixue, the world's largest food and beverage chain, cut 89 overseas stores, notably in Vietnam and Indonesia. The company's net profit fell 15% in the first half of 2026, despite a 2.3% revenue increase.
Aditya Birla UltraVolt Entry Dents Indian Cable Stocks
Aditya Birla Group's new UltraVolt unit, backed by a ₹1,800 crore investment, entered India's wires and cables market. This triggered declines for listed competitors like KEI Industries and Polycab India on the BSE.
Nissan Targets Philippines as Top ASEAN Market for EV Rollout
Nissan Motor Co. Ltd. anticipates the Philippines will reclaim its position as the automaker's leading Southeast Asian market. The country is a launchpad for new electrified vehicles.
Vietnam's Black Thorn Durian Commands Premium Prices Amidst Limited Supply
Black Thorn durian sells quickly in Vietnam at prices five to eight times higher than other varieties. Limited cultivation and lower yields drive this premium, despite falling prices for competing durian types.
Prince Retail collaborates with Capillary for AI loyalty platform
Philippine hypermarket chain Prince Retail is partnering with Capillary Technologies. This initiative aims to enhance its customer loyalty programme using AI-driven solutions, supporting its expansion plans.
Hotlotz to Auction S$3 Billion Luxury from Singapore Laundering Case
Singaporean auction house Hotlotz will conduct 15 online sales over nine months, liquidating S$3 billion in luxury goods seized from the nation's largest money laundering investigation.
Bain Capital Buys Gong Cha as China Bubble Tea Slows
Bain Capital has completed a full equity buyout of Gong Cha Global. This acquisition reveals a shift in investment focus within Asia's bubble tea sector, as China's market growth moderates.
Indonesia Instant Noodle Demand Drops 1% in 2025, First Fall in Five Years
Indonesia, the world's second-largest instant noodle market, saw demand contract by almost 1% in 2025. This marks the first annual decline in five years, attributed to reduced consumer purchasing power and rising costs.