Shopee joins start-up layoffs trend in Indonesia, blames global economy
Head of public affairs of Shopee Indonesia explained that the decision was the last option for the e-commerce firm after other adjustments were made to its business policies.
Corporate Buzz
Google faces Indonesian antitrust probe, at risk of $1.67 million fine
Global antitrust cases against Google have plagued the company in the past few years, with the most recent happening in the European Union.
Singapore, India sign agreement for fintech firms to market-test products
Both countries will cooperate to operate a joint regulatory sandbox, allowing fintech firms to market-test innovative products in both markets.
Samsung Electronics declares transition to renewables, zero carbon by 2050
But experts claim Samsung's plan is still exposed to loopholes, as Korea's outdated power market structure pose hurdles.
Starbucks charts expansion plan in China for more market share
The coffee chain operator has grown nearly tenfold in the past decade on the Chinese mainland.
Air India unveils transformation plan
Over the next five years, Air India plans to increase its market share to at least 30 per cent in the domestic market while significantly growing the international routes.
Goodyear settles labour abuse claims with workers at Malaysian factory
The company said the settlement was in accordance with the terms of the court rulings and followed an outside accounting analysis of compensation.
Tata in talks to manufacture iPhones for Apple in India
If the agreement is successful, Tata might become the first Indian business to manufacture iPhones, which are now largely put together in China and India by the Taiwanese makers.
China’s TCL no longer an underdog
“China’s TCL and Hisense are competing with each other for growth like Samsung and LG did in the past,” an executive from a Korean tech company notes on the matter.
Apple Pay in final-stage talks to enter Korean market
Hyundai Card is said to have partnered with local network firms and payment terminal manufacturers to jointly develop the NFC payment system for Apple Pay.