The government's plan to impose a luxury goods sales tax (PPnBM) on cell phones will result in more than 30 percent price increases.
Tesco, the UK-based hypermarket chain, has made big waves in Thailand’s 100 billion-baht (USD) electrical appliance business by offering its own brands at competitive prices to challenge products from Japan and South Korea.
Thailand is the first country in the world to sell Tesco's own Hyasong brand of appliances, according to Chakkit Chatupanyachotikul, head of brand and marketing communication at Ek-Chai Distribution System, the operator of Tesco Lotus.
Spending on mobile phones was not dampened by the political turmoil and economic slowdown in Taiwan.
Research firm IDC's Asia-Pacific Quarterly Mobile Phone Tracker showed that Thailand mobile phone market topped 6.3 million units in the fourth quarter of 2013, a 4 percent growth from the same quarter last year.
The growth was said to be driven by a 63.6 percent increase in the number of smartphones shipped.
Luxury and sports eyewear designer and retailer Luxottica Group has partnered with Google in developing and distributing a new breed of eyewear for Google Glass.
The partnership is expected to bring together high-tech developers, fashion designers and eyewear professionals to co-create a line of Glass products that straddle high fashion, lifestyle and innovative technology.
Luxottica said the two major proprietary brands of the Group, Ray-Ban and Oakley, will be a part of the collaboration with Glass.
Trikomsel Oke, Indonesia's largest retailer of mobile devices, booked 12 percent growth in profits last year on the back of strong smartphone sales.
Net income at Trikomsel increased to IDR478.8 billion (USD42.3 million) last year from IDR427.5 billion a year earlier, according to the company's financial statements published in Investor Daily on Tuesday.
Last year, Trikomsel increased its stake in retailer Global Teleshop to 89.7 percent from 72 percent in previous year. Trikomsel and Global Teleshop control a total of 1,110 outlets across the nation.
Electronics and clothing are the biggest exports by Chinese e-commerce companies with the US and UK the biggest buyers of these items, eBay said today after releasing the results of a survey.
"Exports from Chinese e-commerce companies have been larger and more expensive," said John Lin, eBay China managing director.
Giant retailer Aeon Co. on Friday will start a low-cost smartphone service using a leased wireless communications network, charging less than half the fees imposed by the major mobile phone carriers.
Aeon plans to sell 8,000 Nexus 4 handsets, developed by LG Electronics Inc. of South Korea and Google Inc., at around 170 of its stores, company officials said. Depending on demand, Aeon will consider selling more handsets, they added.
Tiphone Mobile Indonesia and Global Teleshop – two listed mobile-phone retailers – reported higher earnings last year, on the back of rising consumer demand for smartphones.
Net income at Tiphone, one of the leading top-up voucher and handset distributors, rose 45 percent to IDR295 billion (USD26 million) in 2013 from the previous year as strong sales growth compensated soaring revenue costs.
Sales climbed 28 percent to IDR10.5 trillion, while revenue costs increased 27 percent to IDR9.86 trillion.
Electronic City Indonesia, one of the country's biggest retailers of consumer electronic goods, posted a strong profit growth for last year, driven by strong sales.
Profit at the Jakarta-based company rose 65 percent to IDR207 billion (USD18.2 million) last year from IDR125 billion a year earlier, the company said in statement to the Indonesia Stock Exchange on Monday. Its sales grew 41 percent to IDR2.01 trillion from IDR1.43 trillion a year earlier.
Google said Tuesday it was bringing Android to wearable devices, as LG and Motorola started the countdown to Internet-enabled watches based on the dominant platform for smartphones.