April Wu

China Market Strategy

Banking News This Week – Jun 24

The top 5 banking news stories in emerging markets this week.

1 – Nigeria Determined to Increase Banking Population

Nigeria sets 2020 goal to have 80 per cent of its population financially included in the banking system. >>

2 – Uganda: Banks Partner Telecoms to Cope With Mobile Pressure

Ugandan banks seem to have realised the threat as more of them are partnering telecoms to swiftly roll out mobile banking products to boost their customer base and increase revenue streams. >>

3 – Krungsri Set For Corporate Expansion

Bank of Ayudhya or Krungsri, a member of Mitsubishi UFJ Financial Group (MUFG), has announced strategies to expand its corporate banking business with the aim of becoming the primary bank for its corporate clients by 2017. >>

4 – Foreign Banks Enter Vietnam

As Vietnam will integrate into the ASEAN Economic Community (AEC) in 2015, not only large corporations but also foreign banks plan to strengthen their presence or expand their scale in Vietnam. >>

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April Wu

China Market Strategy

Retail News Roundup – Jun 23

The top 5 retail news clips in Asia this week.

1 – Hero to open more stores to boost revenues

Indonesia retail company PT Hero Supermarket (Hero) will spend up to Rp 640 billion (US$48 million) this year for business expansion with retail plans to open stores in several cities across the country. >>

2 – Samsung becomes largest single brand retailer with 2,100 stores

Korean electronics maker Samsung India Electronics said it has become the biggest chain of single brand stores in the country by opening 2,100 stores. >>

3 – Gap narrows for Chinese brands

Chinese brands are closing the gap with international brands as consumers become more concerned about product quality rather than the origin of the brands, according to a latest study. >>

4 – Coach heads to India

US fashion brand Coach is to enter India with exclusive retail stores. >>

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April Wu

China Market Strategy

Banking News This Week – Jun 17

The top 5 banking news stories in emerging markets this week.

1 – Asian banks see big business in Vietnam’s growing foreign sector

Foreign banks, especially those from Asia, are strengthening their foothold in Vietnam to cater to a growing number of multinational companies and crowd out local lenders. >>

2 – Bangkok Bank returns to Cambodia with opening of Phnom Penh branch

After a 14-year absence from Cambodia, Bangkok Bank (BBL) has launched a branch that it expects to break even in just two years. >>

3 – Vietnam’s OnOnPay launches mobile top-up service for Southeast Asia

As prepaid plans begin taking over the global mobile market, Hanoi-based OnOnPay launches to take on Thailand and Malaysia. >>

4 – The Philippines takes to banking without ATMs

Bank customers at ATM machines in the town of Santa Cruz, south of Manila. There were 217 million mobile phone transactions in the Philippines in 2013, worth $692 million a month, a 64 per cent rise in value from 2010. >>

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April Wu

China Market Strategy

Retail News Roundup – Jun 16

The top 5 retail news clips in Asia this week.

1 – Indonesia removes luxury tax for most goods

Indonesia is exempting most goods from a luxury tax in a bid to boost household consumption and revive faltering economic growth. >>

2 – Vingroup plans hybrid store network

Vietnam property developer Vingroup is continuing to expand its retail business, announcing a 300-strong network of hybrid stores. >>

3 – Reverse retail: China’s mall boom

Over the next three years, a staggering 40 million sqm of shopping mall development is predicted across China. >>

4 – Worst of China slowdown may be over

A slew of data from China, including retail sales and industrial production, matched analysts’ expectations, offering some indication the worst of the mainland’s economic slowdown may be over. >>

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April Wu

China Market Strategy

Banking News This Week – Jun 10

The top 5 banking news stories in emerging markets this week.

1 – East Africa: Online Banking Still a Challenge to Many Kenyans – Study

Online banking still remains a challenge to many people even as the smart phone penetration in Kenya experiences substantial growth due to increase in internet and mobile connectivity which has seen many local banks introduce online banking services at low rates. >>

2 – Nigeria’s Diamond Bank Reaches the Underbanked

By focusing on improving the financial lives of the underbanked and capitalizing on the popularity of mobile apps and payments in the country, the $10 billion-asset Diamond Bank has achieved significant growth. >>

3 – 53% Indians worry over security in mobile financial services: Survey

Fifty-three per cent of Indian respondents to a recent survey conducted by a US-based company have cited security as a concern on the use of mobile financial services (MFS). >>

4 – ‘Land of no return’ becomes frontier for PHL mobile banking

It’s one of 604 municipalities in the Philippines that don’t have a bank, a deficit the monetary authority is trying to overcome by encouraging the adoption of mobile phone transactions. >>

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