Business

Tuesday, anti-corruption detectives in Indonesia detained the governor of Papua on suspicion of receiving bribes related to infrastructure projects in the restive eastern region, officials said. Authorities have accused Lukas Enembe, 55, of awarding construction contracts worth up to 40 billion rupiah ($2.57 million) between 2019 and 2021 to a business with less expertise in the industry. In September, he …

Pfizer Inc is not in discussions with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use in China, according to the company’s chief executive, Albert Bourla, on Monday, January 9. However, the company is in discussions about the price of the branded product, he said. Reuters reported on Friday that China was in negotiations with …

Monday, New Jersey and Ohio joined other states in prohibiting the use of the popular video app TikTok on government-owned and operated devices. In addition to banning the short-video app owned by Chinese technology conglomerate ByteDance from state devices, Democratic New Jersey Governor Phil Murphy also banned software vendors, products, and services from over a dozen vendors, including Huawei, Hikvision, …

China is in negotiations with Pfizer Inc. to get a license that will allow domestic drugmakers to produce and market a generic version of the COVID-19 antiviral medicine Paxlovid in China, according to three sources cited by Reuters. Since late last month, China’s National Medical Products Administration (NMPA) has been in charge of negotiations with Pfizer, according to one source …

When Manila’s airspace went dark on January 1st, stranding around 65,000 passengers at the Ninoy Aquino International Airport, discussions about privatizing the airport and essential services such as air traffic control soon spread. There have been several attempts to privatize the airport, with some of the country’s wealthiest individuals teaming together to fund the P102 billion refurbishment. However, the plans …

On Friday, January 6, the operator of McDonald’s restaurants in Japan announced its third price raise in less than a year. This is the latest indicator of compounding inflationary pressures on the customers of the nation’s McDonald’s restaurants. McDonald’s Holding Company Japan announced on January 16 that it would raise prices on around 80 percent of its menu, citing currency …

While the annual Consumer Electronics Show has been primarily known for the introduction of new televisions, smart appliances, and occasionally experimental gadgets, it has also become an important trade event for the automotive industry, particularly as the number of electric vehicles (EVs) increased. The event’s organizers believe it to be one of the largest auto exhibitions in the world, with …

If you’ve also been noticing a paucity of Shakey’s legendary mojos, you are not alone. Apparently, there has been a mojos scarcity in most locations countrywide for the past several months, and Shakey’s Philippines stated on Facebook that they’ve been “working extremely hard to acquire [us] mo’ mojos.” Shakey’s stated that they have been and would continue to provide mojo-flavored …

On Wednesday, December 28, Twitter Inc suffered a massive outage, leaving tens of thousands of users internationally unable to access or use the famous social media network for many hours before services appeared to be restored. Since billionaire Elon Musk took over as Twitter’s CEO in late October, this is the social media site’s first apparent broad service disruption. At …

A Singaporean billionaire who made headlines in 2020 for attempting to purchase an English Premier League football team but who fled Singapore weeks later amid suspicions of accounting irregularities has been apprehended in China. Saturday marked the return to Singapore of Novena Global Healthcare Group (HGHG) director Nelson Loh Ne-Loon and a business employee. Loh and his 43-year-old colleague Wong …