Tag: ASIA
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Delays Hit Korean Botulinum Toxin Companies in Chinese Market Entry
Korean botulinum toxin firms are experiencing delays in penetrating the competitive Chinese market due to increased regulatory scrutiny and intensified competition. Companies such as I-Maker Technology and Daewoong Pharmaceutical have postponed their launches, while new entrants are changing market dynamics. Amid this backdrop, the Chinese market is projected to reach $1.55 billion by 2025, highlighting…
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Former Nissan CEO Critiques Potential Nissan-Honda Merger as Desperate Move
Former Nissan CEO Carlos Ghosn criticized the potential merger talks between Nissan and Honda, describing them as a “desperate move” indicative of Nissan’s panic amid declining sales and profits. He highlighted the lack of complementarities between the two companies. The merger discussions arise in the context of increasing competition in the electric vehicle market, necessitating…
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Unconventional Leadership: Hock Tan of Broadcom in the Tech Industry
Hock Tan, CEO of Broadcom, stands out among tech leaders with a unique, ruthless approach focused on operational efficiency and aggressive cash flow management. Broadcom, which recently reached a $1 trillion market valuation, distinguishes itself with a diverse product range that includes AI and virtualisation technologies. Unlike typical tech CEOs, Tan is candid about his…
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Swarovski Shifts Focus to Lab-Grown Diamond Jewelry in India
Swarovski is pivoting to focus on lab-grown diamond jewelry in India, planning to open ten new stores to meet rising demand for affordable luxury items. This move aims to align with evolving trends and consumer preferences for ethical buying practices. Swarovski, the renowned Australian luxury brand, is shifting its focus towards the sale of lab-grown…
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Summit Companies Face Tax Evasion Allegations of Tk1,112 Crore According to NBR
The NBR has accused two Summit companies of evading Tk1,112 crore in taxes from dividend transfers. Summit insists it has complied with tax laws and has not yet received formal notice. The investigations have revealed potential discrepancies in tax deductions for dividend payments, prompting the NBR to revoke prior exemptions and enforce tax collections retroactively,…
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10-Minute Food Delivery Services Surge in India as Competition Intensifies
Major food delivery apps in India, including Zomato and Swiggy, are launching 10-minute delivery services to meet the demand of impatient consumers. Zomato’s Blinkit and Zepto rely on in-house kitchens, while Swiggy partners with established restaurants. The market for online food deliveries is expected to grow significantly, though concerns regarding food quality in such rapid…
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Trump’s Tariff Threats Pose Risk to Germany’s Automotive Industry
President-elect Donald Trump’s pledge to impose broad tariffs on imported goods threatens Germany’s automotive sector, which is already facing economic challenges. Major manufacturers like Volkswagen, BMW, and Mercedes-Benz could be particularly vulnerable, especially as Trump aims to convert German car companies into American entities. Analysts warn that any tariffs could deepen the difficulties for the…
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KCIC Denies Involvement in Collusion Allegations Regarding Whoosh Logistics Tender
T Kereta Cepat Indonesia-China (KCIC) denies involvement in the KPPU’s investigation regarding suspected collusion in a procurement tender for EMU train logistics related to the Whoosh high-speed rail project. The KPPU suspects that PT CRRC Sifang Indonesia may have manipulated the tender process to favor another company, PT Anugerah Logistik Prestasindo. The operator of the…
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Key Corporate Developments: Michael Dell’s AI Vision and Dish TV’s Board Crisis
On December 14, 2024, the business sector experienced significant events including Michael Dell’s preparation for an AI-driven future and the upheaval at Dish TV where dissatisfied shareholders led to board member terminations. The day also paid homage to Cowasjee Readymoney’s legacy blending profit and purpose, emphasizing philanthropy in business. On December 14, 2024, the corporate…
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Cyril Han Named CEO of Ant Group as Jack Ma Speaks on AI’s Future
Ant Group has announced the appointment of Cyril Han as CEO, replacing Eric Jing, effective March 1, 2025. The decision aligns with company celebrations marking its 20th anniversary, where Jack Ma emphasized the transformative potential of artificial intelligence in the coming decades. Ant Group has appointed Cyril Han as its new Chief Executive Officer, succeeding…