Business

MANILA – Billionaire Edgar "Injap" Sia II opened the first branch of his grocery store foray, MerryMart, expanding his retail holdings, his holding firm said Tuesday. MerryMart is located in Sia's own DoubleDragon Plaza. It will the first of the planned 1,200 branches, Injap Investments Inc said in a statement. DoubleDragon develops, among others, the CityMall chain of community shopping centers and the Hotel101 chain. "Our family initially had no plans to expand the grocery business, but our recent experiences made us realize the need for us to be in the modern grocery retail business," said Sia, who chairs MerryMart. "Moreover there are undeniable synergies between the real estate and retail businesses, and in our case, gladly the grocery retail have always been in our blood," he said. Sia said his grandfather started a grocery store in the 1950s while his parents started their own grocery business in 1989. The MerryMart brand can grow through company-owned stores and … [Read more...] about News DoubleDragon’s Sia ventures into grocery business with MerryMart

KUALA LUMPUR: In light of the growing interest in e-sports, Taiwan Excellence, which represents the best of Taiwanese innovation, is showcasing Taiwan’s strength in the ICT industry at the Taiwan Excellence Hi-Tech Week at Plaza Low Yat this week. Director of Taiwan Trade Centre, KL Representative Office Tasha Hsiao said trade between Malaysia and Taiwan grew 22.1% to US$23.75 billion (RM98 billion) in 2018, driven mainly by the ICT industry, Taiwan’s featured industry. “Taiwan is strong in the ICT industry and we want to use this event to deepen Malaysians’ awareness on Taiwan Excellence and confidence on Taiwanese products. We also hope to bring these products to Malaysia on a B2B (business-to-business) basis,” she told SunBiz. Taiwan Excellence honours outstanding Taiwanese innovations based on stringent criteria such as functionality, design, quality and marketing. Hsiao said one third of the winners announced by Taiwan Excellence yearly involve … [Read more...] about Taiwan Excellence gamed for e-sports business

NEW YORK — The first issue of The City Record, on June 24, 1873, listed a procurement notice for a steamboat engine for the New York City Department of Charities and Corrections. A more recent notice, from 2017, listed the purchase of almost $4.4 million worth of condoms and lubrication packets as part of a city public health campaign. In between lies the vast history of the city and of The City Record, a bottomless trove of municipal minutiae and legally required announcements that calls itself the “Official Journal of the City of New York.” While most New Yorkers have never read, or even heard of, this city-published paper, it is indispensable to many city officials and to those seeking city contracts. “This is the bible of doing business with the city of New York,” said Eli Blachman, the paper’s longtime editor. “If you want to bid for a city contract, it’s like the lottery,” he said. “You’ve got to be in it to win … [Read more...] about News Selling Condoms or Pet Food? Inside New York’s Business ‘Bible’