IKEA's first India store not likely before the end of 2016

Business Standard

The company is hunting for the right location at the right price in major cities.

LG hikes prices of home appliances by up to 5pc on rupee fall in India

The Hindu Business Line

Consumer durables major LG Electronics India today said it will hike prices of its entire range of home appliances by up to five per cent due to weakening rupee with effect from 18 June.


Southeast Asia's domestic appliance sector sustains double digit growth

Sales of major domestic appliances continued its robust growth in 2012, growing 13 percent over 2011.

In a survey conducted by GfK Asia, air-conditioners posted the highest volume growth at nearly 18 percent, with the Philippines and Vietnam even surpassing this with over 20 percent surge in demand.

Consumers in these two fast growing markets have also purchased better and higher end models.

HK's major formula milk brands fail to meet packaging proposals


Not one of the major infant milk formulas on sale in Hong Kong would pass a proposed new packaging guideline if it was introduced today.

Should the manufacturers remain in the Hong Kong market after the changes, their packages should incorporate at least two important warnings in specific sizes alerting parents to the risk of using their products.

Brands fail to show green credentials


Many major brand owners are failing to adequately communicate the progress they have made in the area of sustainability to key stakeholders, a study has revealed.

Brandlogic, the consultancy, and CRD Analytics, the insights group, assessed 100 large corporations. The two firms tracked 141 metrics related to sustainability, governance and social responsibility, and also polled 2,500 executives, investors and students.

Downtrend in economic indicators could affect Philippine GDP growth forecast


Halfway through the year, two major economic indicators in the Philippines were on the downtrend, prompting some analysts to say that these could adversely affect the country's forecast of a 5-6 percent growth in its gross domestic product (GDP) in 2012.

Beer production hits world record

The Japan Times Online

Beer production in the world's major producing nations rose 3.7 percent from a year earlier to 192.71 million kiloliters in 2011, a new high for the consecutive 27 years, due to robust demand particularly in emerging Asian economies, according to data released on Wednesday by a research arm of Kirin Holdings Co.

HK's Hysan remains optimistic about office market


Hysan Development, the biggest landlord in Hong Kong's Causeway Bay, remains confident about the outlook for the office market, despite the occupancy rate of its new Hysan Place development showing no major signs of improvement.

Hysan Place, formerly the Hennessy Centre, will open on Friday.

The 450,000-square-foot shopping arcade in the building has been fully let and is expected to draw 100,000 shopper visits a day.

Cosmetics firms help give HK ad spending a healthy glow in 1H


Advertising spending in Hong Kong climbed to a new high in the first half of this year, driven by major campaigns in the cosmetics, pharmaceuticals, entertainment and consumer electronics markets.

Billabong gets new takeover offer from TPG, 2 shareholders accept


Financially struggling surfwear retailer Billabong says it has received a second takeover offer from private equity company TPG International that two major shareholders have already accepted.

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