Lazada’s widespread staff layoffs affect other SEA markets, top executives

Singapore – In a developing story, some Lazada top executives are reportedly among those affected by the company’s retrenchment exercises as the layoffs expand to its other markets in Southeast Asia, The Edge Singapore reported. According to people familiar with the matter, Lazada has let go of its chief marketing...

Starcom secures mandate for BMW Group in Indonesia, retains media agency status in China, Singapore

Indonesia – Starcom Indonesia, a media agency under Publicis Groupe, has announced its appointment as the media agency of record for BMW Group in 2024, joining its Starcom teams in China and Singapore that retained their media agency of record roles. The Starcom teams will take the lead on strategic...

Jollibee Foods Corporation increases stake with Tim Ho Wan brand

Singapore – Jollibee Foods Corporation (JFC), through its wholly-owned subsidiary Jollibee Worldwide Pte. Ltd., (JWPL) has announced an increase in stake with private equity fund Titan Dining LP which owns the Tim Ho Wan brand and company-owned stores. In a recent stock filing by the corporation, JFC said that its...

Taiwanese bubble tea chain Milksha announces SG exit, closes all local outlets 

Singapore – Taiwanese bubble tea chain Milksha has recently announced that it would be ceasing all operations in Singapore, effectively closing all its local outlets and exiting the Singaporean market.  Milksha took to Facebook and Instagram with a sudden announcement, bidding farewell on New Year’s Eve with the post saying...

Enterprise software company BlackLine appoints Emily Campbell as new chief marketing officer

Singapore – BlackLine, Inc. announced today the appointment of Emily Campbell, as chief marketing officer, effective January 2nd. She will be directly reporting to co-CEO Owen Ryan.  Campbell is in charge of leading BlackLine's worldwide marketing strategy in her capacity as CMO. In this role, her primary goal is to...

MARKETECH APAC officially announces first roster of speakers for “What’s NEXT 2024” conferences in SG, PH

Singapore – As we step into the promising realm of 2024, the marketing landscape in Southeast Asia is undergoing a profound transformation, driven by evolving consumer behaviours, technological advancements, and dynamic market trends. In this era of unprecedented connectivity and digitalisation, businesses are challenged to adapt swiftly to stay relevant...

Alibaba Group’s Lazada reportedly undergoes staff layoffs in Singapore

Singapore – E-commerce company Lazada, a subsidiary of Alibaba Group, faces staff reductions in its Singapore office amidst the 2024 new year transition, The Edge Singapore reported. An employee familiar with the matter has revealed that senior and junior employees from multiple departments, including those from commercial and marketing teams,...

BPI, Robinsons Bank merger officially approved by PH’s securities commission

Manila, Philippines – The merger between the Bank of the Philippine Islands (BPI) and Robinsons Bank has officially been approved by the Securities and Exchange Commission (SEC) of the Philippines, and officially took effect on 1 January. Through this merger, BPI will be the existing entity. It is worth noting...

Prada enters joint venture with SSI Group to strengthen Philippine presence 

Manila, Philippines – Luxury fashion brand Prada has been recently reported to have entered a joint venture with Philippine luxury retailer SSI Group’s Stores Specialists, Inc., forming a new company in the process for Prada’s expansion in the Philippines.  Prada’s new company with SSI Group, labelled as Prada Philippines Inc.,...

How did Tokopedia fare across other e-commerce competitors prior to the new agreement with ByteDance?

Indonesia – The latest YouGov Profiles has noted that Tokopedia holds a 39% share among Indonesian consumers, securing its position as the second most popular e-commerce platform, trailing only Shopee, where a staggering 73% of customers have recently made purchases. For context, Bytedance's TikTok plans to return to the Indonesian e-commerce...