Speaking out could be ‘difficult’ at Toyota, chairman says
The instances of fraud were discovered successively after Toyota chairman Akio Toyoda was changed out as president of Toyota last year for the first time in about 14 years.
Corporate Buzz
Mixed feelings as South Korea’s top conglomerates announce hefty or zero bonuses
LG Electronics, pledged to give out hefty bonuses to employees, while Samsung Electronics and SK hynix, hit hard by a chip slump last year, seem to be tightening their belts,…
Hong Kong court orders China Evergrande to liquidate with debts of $300 billion
The decision sets the stage for what is expected to be drawn-out and complicated process with potential political considerations, given the many authorities involved.
GoTo boss rejects ‘nonsense’ claim of govt meddling in TikTok deal
Some experts have described the deal as highly advantageous for TikTok and have said GoTo’s minority stake could constrain its ability to leverage the e-commerce platform going…
Foodpanda fined Tk10 lakh for unfair market practices
The crux of the complaint against Foodpanda, the leading food delivery service, centred on allegations that the company, capitalising on its market dominance, threatened to…
Chinese execs more upbeat on AI contributions
Business leaders worldwide view the adoption of emerging technologies such as generative AI, accelerated tech innovation, and changes in policies and regulations as the most…
OpenAI CEO mulls visiting Seoul to seek chip partner
The OpenAI chief is likely to discuss AI chip cooperation with major semiconductor industry figures during his visit, and seeking to establish a stable memory supply chain with SK…
Global retail giants invest in Chinese market: Report
As the engine of consumption is further revved up, as well as the higher-level opening-up and improved business environment, more foreign-funded shopping malls and supermarkets…
86% of CEOs in India confident in country’s economic growth: Survey
The 27th annual global survey by PwC has polled 4,702 CEOs in 105 countries and territories, including 79 in India. However, hey listed inflation and cyberattacks as the biggest…
More CEOs optimistic of global growth: PwC
Despite ongoing conflicts, the proportion of CEOs who felt their company is highly or extremely exposed to geopolitical conflict risk fell 7 percentage points to 18 percent,…