Starbucks Korea to hire 1,600 new staff this year, following furore
The hiring plan is part of the firm’s package of measures announced in response to recent complaints from staff.
Corporate Buzz
LG Electronics launches tiium, a smart plant growing device for home gardeners
The device is basically an aquafarming system that provides an optimal environment for plants to grow.
Lei Jun, Xiaomi’s CEO tops Forbes China CEOs list
The average age of the 50 CEOs is 54, and five women made the annual ranking list.
China’s food delivery giant Meituan fined for monopolistic behaviour
Officials say Meituan abused its dominant market position to compel merchants to sign exclusive agreements with its platform.
Grab buys Tokopedia’s, Lippo’s shares in OVO
Digital payment giant OVO confirmed the deal earlier this week.
Indebted Chinese developer Evergrande calls for trading halt amid rumours of sale to rival
China’s second-largest developer has been trying to stay afloat amid liabilities of over 1.97 trillion yuan (S$415 billion) since last year.
Indonesian podcast app takes on Spotify with local content
Home-grown audio-streaming app Noice has big plans for 2022 with users willing to spend up to two hours on podcasts.
Vietnamese carmaker aims to conquer European high-end electric
Vinfast plans to launch two new models for France & Germany by 2022.
Retiring Temasek CEO Ho Ching to join Temasek Trust board, take over as chairman
From April 1, she succeeds Mr S. Dhanabalan, who will remain on the board and be designated chairman emeritus.
Evergrande shares swing wildly as bondholders await word on payments
The company looked set to miss its second bond interest payment in a week.