Securities watchdog imposes lifetime ban on Evergrande founder
The regulator will also fine Xu Jiayin, founder and former chairman of China Evergrande Group, 47 million yuan (US$6.53 million) for involvement in serious financial fraud.
Corporate Buzz
Singapore businesses investing in new growth areas in Sichuan: Senior minister
Singapore’s cumulative investments in Sichuan amounted to US$4.2 billion (S$5.6 billion) across 737 projects in 2022.
Dyson founder visits Seoul for global debut of new hair dryer
The new hair dryer, which is designed to better protect hair and the scalp from heat, made its global debut in Korea, one of the brand’s top-selling markets.
Honda, Nissan partnership has potential to change market share amid competition from China
Japan’s second and third-largest automakers, Honda and Nissan, aim to be more competitive when it comes to costs by standardizing core components for EVs.
Ex-aide of Malaysian PM Anwar takes major stake in tech firm, raising governance concerns
Datuk Farhash Wafa Salvador mopped up 16.1 million shares amounting to 15.9 per cent in HeiTech Padu via a private company named Rosette Partners.
Meta’s refusal to pay for news in Australia prompts calls for government to fund media
On March 14, Meta defended its decision to end the payments, saying in a blog post that “global tech companies cannot solve the longstanding issues facing the news industry”.
Alibaba pledges $1.1 billion investment for South Korea expansion
The investment plan includes a new distribution centre worth about $200 million on a 180,000-square-meter site, and will become the largest of its kind in South Korea if the plan…
‘Make your voices heard,’ TikTok CEO Chew Shou Zi tells US users after House vote
The legislation is a major setback for the video-sharing app, which has surged in popularity across the world while causing nervousness about its Chinese ownership and its…
Tesla hits planning challenge in effort to build Thai factory
Tesla followed up the US meeting with PM Srettha by visiting potential locations for building a factory. However, the automaker learned that building the factory would be…
Seoul’s Myeong-dong dethroned as Korea’s priciest retail destination: Meet new leader
Bukchang-dong’s commercial strip is located between the Bank of Korea building, City Hall Station and Hoehyeon Station, and it topped the annual retail market analysis with an…