Beleaguered Nissan president Uchida to step down
The move comes as Uchida takes responsibility for the company’s deteriorating performance. Nissan aims to find ways to improve business performance through restructuring and…
Corporate Buzz
Chinese carmakers set sights overseas
The new energy vehicle startup Xpeng shipped the first batch of 300 right-hand drive X9 MPVs overseas on Feb 22. The vehicles will mainly be sent to the Southeast Asian market,…
Singapore property giant CDL’s Kwek Leng Beng seeks to fire son Sherman as CEO over ‘attempted coup’
Shortly before midnight on Feb 26, the older Mr Kwek issued another statement saying that the “serious lapses of corporate governance have been halted”. This followed a…
Indonesia, Apple agree to lift iPhone 16 sales ban
Industry Minister Agus Gumiwang Kartasasmita has announced the signing of a memorandum of understanding (MoU) with the tech giant, paving the way for the local content…
South Korea’s top financial regulator warns Apple Pay against shifting fee burden to consumers
Apple Pay entered the Korean market through Hyundai Card, a credit card issuer under Hyundai Motor Group. Nearly two years since its launch, Apple is now in discussions with other…
Spicy success: Buldak boom drives Samyang’s record profits
A deeper look into their profit figures belies a reversal of fortunes, as Samyang, the company behind the globally popular Buldak brand, doubled Nongshim’s operating profits.
Who is Brian Koo, the man behind South Korea’s $35b AI data center?
The LG heir holds a BA in economics and MBA from Stanford University, and has pursued a career as an entrepreneur and investor.
Look who’s back: Alibaba’s Jack Ma shakes President Xi’s hand at meeting of China’s business titans
Mr. Ma's very appearance at this rare meeting on Feb 17 between Chinese leaders and the heads of China’s biggest technology firms signals a rehabilitation of sorts for him, and…
Will Starlink disrupt Bhutan’s local internet market?
Starlink’s launch in the country promises affordable internet and new competition.
Casio to stop developing new models of e-dictionaries; smartphones, low birth rate cited as reasons
The company will also streamline its electronic musical instrument business by halving the product lineup.