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Elite Business

A collection of 33 posts

Elite Business Featured

Watsons Unveils $250 Million Investment Plan: A New Era in Retail Experience

In an ambitious move to redefine customer engagement, Watsons announces a $250 million investment aimed at opening over 1,200 new stores and refurbishing 4,800 locations across Asia, Europe, and the Middle East.

Jin of BTS Takes Center Stage: Gucci's New Global Ambassador Redefines Luxury Fashion

Jin's appointment is not just a personal achievement; it signifies the increasing intersection of K-pop and high fashion.

Singapore Bans Foreign Companies from Using Third-Party Firms to Hire Workers

Singapore’s new regulations ban Employers of Record from sponsoring work passes, requiring foreign companies to establish a legal presence to hire talent locally.

Global Funds Flock to Southeast Asia as Investors Anticipate Fed Policy Shift

Global Funds Flock to Southeast Asia as Investors Anticipate Fed Policy Shift

A significant driver of optimism for Southeast Asia is the relatively light exposure by foreign funds, which have the capacity to increase their investments. The MSCI Asean index currently trades at 13.6 times its projected earnings for the next twelve months

Derailed Negotiations: Canada's Rail Lockout Grinds Economy to a Halt

The Teamsters Canada Rail Conference, which represents the locked-out workers, had been in negotiations for months, but talks broke down over key issues including worker scheduling, safety regulations, and wage increases.

Apple’s $250 Million Investment: A Boost for Singapore’s Tech Landscape

Apple's investment underscores Singapore's growing prominence as a strategic location for technology companies.

Global Business

Hyundai and LG Energy Solution Open Indonesia's First EV Battery Plant

The collaboration between Hyundai, LGES, and the Indonesian government is set to strengthen the nation’s position in the global EV market.

The Kangaroo Tribe: A Growing Challenge for South Korea's Economy and Family Dynamics

Jeon Young-soo, a professor at Hanyang University’s Graduate School of International Studies, warns that the kangaroo tribe phenomenon could harm both households and the national economy.

Copper Climbs to 2024 High on Supply Fears: A Deep Dive into the Market Dynamics

As copper prices continue to climb to record highs, the market remains fluid, with potential implications for industries reliant on copper.

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.