ford announces 10 per cent white collar job cut in north america and asia

Ford announces 10 per cent white-collar job cut in North America and Asia

Ford Motor Company has announced plans of cutting some 1,400 white-collar jobs in North America and Asia. The company will offer voluntary early retirement and other financial incentives to managers and other non-production workers in a bid to shore up its sagging stock price.
tetra pak responds to asias evolving needs with first customer innovation centre in singapore

Tetra Pak responds to Asia’s evolving needs with first Customer Innovation Centre in Singapore

Tetra Pak, the world’s leading food processing and packaging solutions company, has launched its first Asia-based Customer Innovation Centre (CIC) in Singapore, to address the evolving needs of the fast-growing Asian markets.
windfall of south korean high ballers

Windfall of South Korean high ballers

South Korea has done extraordinarily well in the first quarter of 2017, leading to an unusually high number of corporations breaking the KRW1 trillion threshold in quarterly operating profit. While the usual annual crop is about 3-4 companies, this year a stellar nine enterprises reached the dream.
johnson johnson under fire over cancer charges

Johnson & Johnson under fire over cancer charges

On May 4, 2017, a Missouri court ordered Johnson and Johnson to pay $110 million in damages to Lois Slemp for developing ovarian cancer after decades of using talc-based feminine hygiene products. This was the largest sum awarded to date in the five talc trials since 2016. While the classification of talc as a carcinogen is mired in scientific (and political) debate, the decision is expected to bring about a landslide of further lawsuits, adding to the 2,400-3,000 already filed proceedings.
moodys revises vietnam outlook as positive

Moody’s revises Vietnam outlook as “positive”

Today, Moody’s Investors Service has reaffirmed the Vietnamese government’s B1 issuer and senior unsecured ratings and revised the outlook to “positive” from “stable,” lauding its strong performance in foreign direct investment (FDI) attraction, macroeconomic and external stability, as well as recognising the likelihood that government debt will be stabilised at around current levels.
vietnam international travel mart open for visitors

Vietnam International Travel Mart open for visitors

The fifth edition of Vietnam International Travel Mart welcomes visitors with the stronger-than-ever line-up of domestic and international exhibitors.
4g war in vietnam lessons from india

4G war in Vietnam: lessons from India

The rolling out of 4G services is the starting pistol for a competition made afresh amongst telecommunications companies in Vietnam. While most major service providers, with the exception of FPT, have started pilot programmes, VinaPhone’s business strategy is markedly different from its competition.
gm headed to china

GM headed to China?

General Motors (GM)’s signing over the brunt of its European operations to French PSA Group might signal a shifting of focus to China.
daring starbucks move in italy

Daring Starbucks move in Italy

Starbucks’ recent plans to expand to coffee-citadel Italy mirror the company’s confidence in its solid financial results since 2012.
the pollution profit dilemma

The pollution-profit dilemma

Volkswagen’s massive emissions scandal coined as the ‘dieselgate’ was the starting pistol for environmental protection agencies to ferret out further cheating at international carmakers.
pepsico treading on unsafe grounds

PepsiCo treading on unsafe grounds

The first quarter of 2017 has been the continuation of a difficulty 2016 as the company seems to be shambling from bog to bog to be mired down at every step.
kraft heinz ravenous hunger hides shrinking margins

Kraft Heinz ravenous hunger hides shrinking margins

Food giant Kraft Heinz Company’s ravenous hunger for acquisitions might only be a façade masking shrinking margins.
fate of samsungs investments in vietnam questionable

Fate of Samsung’s investments in Vietnam questionable?

Samsung finds itself in hot water with its last year overly wrought with exploding mobile phones and political scandals. Will this affect the group’s plans in Vietnam?
berjaya land to shed asset in phu quoc

Berjaya Land to shed asset in Phu Quoc

Berjaya Land Bhd. will sell its entire stake in Vietnamese 4-star Berjaya Long Beach Resort Phu Quoc to Sulyna Hospitality Hotel Restaurant Travel Service Co., Ltd. at the price of VND333.25 billion, or RM65.32 million ($14.67 million).
significant room remains for foreign investors in vietjet

Significant room remains for foreign investors in Vietjet

Vietnam’s low-cost airline Vietjet’s recently issued 2017 listing prospectus shows that there is about 25 per cent room left for foreign investors, to reach its 49 per cent foreign ownership limit.