Philippines: Lufthansa Technik opens new hangar
MANILA — Lufthansa Technik Philippines (LTP) on Wednesday held a groundbreaking ceremony of a new hangar, to be called Hangar 1A, at its hub in Pasay City. The creation of Hangar 1A would increase LTP’s capacity by 20 percent and would … Continue reading Philippines: Lufthansa Technik opens new hangar
DHL scales up operations in Myanmar
Yangon – The DHL Supply Chain, one of the global market leaders for contract logistics solutions, announced the opening of its first multi-user warehouse in Myanmar. The company has invested approximately K1.58 billion (€1 million) in the facility located in … Continue reading DHL scales up operations in Myanmar
Philippines: Typhoon Kammuri kills four people
Manila – A powerful typhoon killed four people in the Philippines and prompted authorities to close the country’s largest airport due to powerful winds and heavy rains. Typhoon Kammuri, known locally as Tisoy, made landfall on the southeastern part of Luzon, … Continue reading Philippines: Typhoon Kammuri kills four people
Audi Myanmar: First dealership in Yangon
Yangon – Automotive Asia (Myanmar) Limited is currently setting up the first Audi branch in Yangon – Audi Yangon. Myanmar investors teamed up with a French based CFAO Group as majority shareholder under the name Automotive Asia (Myanmar) Limited to … Continue reading Audi Myanmar: First dealership in Yangon
Burberry goes China with help of Tencent
Shenzhen – British luxury brand Burberry (BRBY.L) has joined forces with China’s Tencent (0700.HK) for a new digital marketing and sales push to tap the nation’s increasingly social media savvy shoppers in a critical luxury market. Burberry said it will … Continue reading Burberry goes China with help of Tencent
Hong Kong: Airlines allowed to keep airport slots
Hong Kong – Airlines that fly to and from Hong Kong will be able to keep their prized airport slots even if they temporarily cut capacity due to weak travel demand through March, according to the Hong Kong Civil Aviation Department. … Continue reading Hong Kong: Airlines allowed to keep airport slots
Indonesia promotes halal tourism boom
Jakarta – Despite having the world’s largest Muslim population, Indonesia has yet to effectively tap the halal tourism boom, something the trade hopes to change as the government steps up pursuit of the growing Muslim travel market. Halal travel is projected to contribute … Continue reading Indonesia promotes halal tourism boom
Panasonic selling chip-making biz to Taiwan
Osaka/Taipei — Panasonic is selling its loss-making semiconductor business to Taiwan’s Nuvoton Technology, leaving an industry that it first entered almost 70 years ago. The sale will close a chapter in Japan’s transition from a chipmaking powerhouse with a nearly 50% … Continue reading Panasonic selling chip-making biz to Taiwan
India: SoftBank’s next big crisis ?
New Delhi — In India, tech startups have been caught in SoftBank’s cycle of overfunding, bloated valuations and vague paths to profit. Some, sensing danger, have corrected course. Others may hold the seeds of the investment giant’s next crisis. (Nikkei)
Japan: Lowest birth rate in 30 years
Tokyo – Japanese births are on pace for the steepest drop in three decades despite earlier hopes that couples would ring in the new Imperial era with an addition to the family. The number of Japanese babies born in the … Continue reading Japan: Lowest birth rate in 30 years