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Elite Business

A collection of 24 posts

Singapore’s Non-Oil Domestic Exports: A Steep Decline in Q1 2024

Non-electronic exports fared no better, declining by 23.2% year-on-year in March. This extends the 1.7% drop observed in February. Notable declines occurred in pharmaceuticals, structures of ships and boats, and non-monetary gold, which fell by 70.3%, 99.8%, and 49.1%, respectively.

Mitsubishi Pencil’s Strategic Move: Acquiring LAMY to Expand Global Reach

Mitsubishi Pencil, with a storied history dating back to 1887, has long been synonymous with excellence. From humble pencils to sophisticated ballpoint pens, marker pens, and mechanical pencils

Record-Breaking Bitcoin Laundering Case Unveiled in London

Unsuspecting investors were left reeling as a staggering 40 billion yuan (approximately S$7.5 billion) vanished into the murky depths of the digital realm.

Uber Eats Debuts Delivery Robots in Tokyo Amid Labor Shortage

As Japan grapples with an aging population and a shrinking workforce, the logistics industry faces a significant challenge.

Japan’s First “Ride-Sharing” Service Debuts in Tokyo to Tackle Taxi Shortages

Customers cannot hail a ride-sharing vehicle on the street as they would with regular taxis. Instead, they use designated taxi dispatch apps like “Go” and “S.Ride.”

Nippon Steel’s Bold Move: Acquiring U.S. Steel for $14.9 Billion

Nippon Steel’s move is more than a financial transaction; it’s a strategic chess move. By acquiring U.S. Steel, the Japanese giant gains access to the vast North American market.

Southeast Asia’s Booming Smartphone Market: A Resilient Surge Amidst Global Challenges

However, Chinese competitors are nipping at Samsung’s heels. Xiaomi, the second-largest smartphone brand in Southeast Asia, witnessed a staggering 128% year-on-year growth.

Trading in Country Garden suspended in Hong Kong

Several major property companies, including Evergrande and Country Garden, have defaulted on their debts in recent years. Given that the real estate sector accounts for around a third of China’s economy

California and the exodus of residents

Adding to California's woes are its precarious fiscal circumstances. With the state projecting a deficit of $38 billion, and some estimates suggesting it could balloon to $73 billion

Policy Brief: Chinese Lending in Sri Lanka

In-depth studies by Verité Research indicate that, while the Chinese loans contributed to bad financial management and other serious issues, the root cause of the recipient country’s problems was something different.

Bank of Japan Ends Negative Rates Era: A Pivotal Move in Economic Policy

The central bank's decision to guide the overnight interest rate to remain in a range of about zero to 0.1 per cent effectively brings an end to an era of unconventional monetary policy

Singapore’s Ambitious AI Investment Plan: Pioneering the Future

Singapore’s investment in AI is not merely a financial commitment; it’s a visionary leap. The city-state recognizes that AI is the cornerstone of the Fourth Industrial Revolution

Australia's $2 Billion Investment Boost for ASEAN

Simultaneously, the SME Conference and Marketplace, which catered to 165 Australian SMEs, played a pivotal role in disseminating insights from industry experts pertaining to investment and trade opportunities within the ASEAN region.

Superdry Engages in Strategic Discussions with Hilco for Financial Support

Superdry, known for its distinctive urban clothing and focus on quality craftsmanship, has been navigating a competitive market landscape marked by changing consumer behaviors and economic uncertainties.

Congressional Decisions: A New Challenge for Wall Street’s Dealmakers

Analysts caution that budget reductions within the plan could adversely impact merger and acquisition activities on Wall Street, dampening hopes for a resurgence in dealmaking.

Nintendo’s Iconic Plumber to Star in New Animated Film

The collaboration between Nintendo and Illumination has been a fruitful one, blending Nintendo’s rich storytelling heritage with Illumination’s expertise in animation.

Elite Business - Energy

Coro Energy’s Strategic Expansion in the Philippines

Coro Energy’s application is more than just a business maneuver; it is a commitment to sustainable development.

Japan’s ‘Annual Income Ceilings’ and Their Impact on Workstyles

One of the key factors contributing to this issue is the gender wage gap. Although the gap is narrowing, with faster wage growth among women, male workers continue to earn higher wages on average.

Nikon Acquires RED: A Strategic Cinematic Move

The acquisition aligns with the mutual aspirations of Nikon and RED. Both companies share a vision of exceeding customer expectations and delivering exceptional user experiences.

Discover the Magic with Saudia's App

Utilizing cutting-edge technology such as AI and machine learning, Saudia prioritizes passenger satisfaction and personalization.

Bridgestone’s Strategic Shift: Exiting the Truck and Bus Tire Market in China

The comprehensive withdrawal from the commercial tire sector in the Chinese market will involve the cessation of TBR production at Bridgestone (China) Investment Co. Ltd. in Shanghai.

Pharmaniaga: A Deep Dive into Malaysia’s Pharmaceutical Giant's Struggles

However, recent financial disclosures indicate a downturn in Pharmaniaga’s financial health, with a net deficit of $126 million in 2022, despite generating revenue of $730 million.

Securities & Futures Commission Symposium: Paving the Path for Asian Markets

The symposium aims to foster dialogue and collaboration among key stakeholders. Distinguished participants include senior regulators and officials from the Asia-Pacific region and the European Union

Elite Business Featured

How to tackle the ringgit slide

Assuring political stability and commitment to reforms can attract foreign investment and stabilize the ringgit - these are crucial elements.