Business

Singapore’s Keppel Corporation is pursuing expansion opportunities in emerging economies such as Vietnam, which is gaining pace as a manufacturing base for investors trying to diversify away from China. In an interview with Nikkei Asia, the CEO of the company, Loh Chin Hua, stated that enterprises have adopted a “China plus one” approach in an effort to diversify investments away …

According to a new survey, tech salaries in Singapore increased in 2022 despite a wave of IT layoffs and a halt in hiring. According to a survey by tech salaries aggregator Nodeflair and venture capital firm Iterative, “the outlook for 2023 in the tech talent and recruiting market is likely to reflect a continuous demand for tech talents, but at …

Former MasterCard CEO Ajay Banga, US Vice President Joe Biden’s choice to lead the World Bank, met with executive directors on March 1 as part of a “charm offensive” to secure the position, according to three persons familiar with the situation. Biden selected the 63-year-old Indian-born business executive to lead the global development bank and jumpstart the 77-year-old institution’s revamp …

Chef Vallerie “Val” Castillo-Archer launched a brand-new menu for Philippine Airlines last Friday, in anticipation of the company’s 82nd anniversary in March. Chef Val, a native of Ilocos Norte, was the first female and first Filipino-American executive chef of the renowned Los Angeles restaurant Yamashiro before PAL contacted her to create the brand new menu. Chef Val accepted because she …

Concerns regarding TikTok’s acquisition, use, and disclosure of personal information have prompted Canada to begin a joint federal and provincial inquiry, the Privacy Commissioner of Canada announced on Thursday, February 23. The federal privacy regulator, together with provincial counterparts in Quebec, British Columbia, and Alberta, will investigate whether TikTok’s methods comply with Canadian privacy rules, according to a statement from …

Wednesday, February 22, JPMorgan Chase & Co. stated that it should not be held accountable for a former executive’s ties with Jeffrey Epstein in a lawsuit alleging the largest US bank of aiding its former client’s sex trafficking organization. JPMorgan stated in a court statement in Manhattan that communications between former executive Jes Staley and Epstein did not support the …

Nikkei Asia reported on Thursday, February 23, that Apple’s Chinese contract manufacturer Luxshare Precision Industries Co Ltd will assist develop the iPhone maker’s long-awaited augmented reality (AR) device. Luxshare has taken over the AR development team in Shanghai, which was previously controlled by Taiwan’s Pegatron, according to a source quoting people familiar with the subject. Luxshare is the first company …

In 2022, the Metropolitan Bank & Trust Corporation (Metrobank) recorded a net income gain of 48% due to the resumption of corporate and consumer financial activities. The universal bank also ended the year on a positive note, with fourth-quarter earnings reaching P9.3 billion, a 55 percent gain from the previous year. This boosted Metrobank’s net income for the year to …

With bleak economic conditions and intensifying global competition, Budget 2023 outlined strategies to promote innovation-driven growth. Singapore, as stated by Deputy Prime Minister Lawrence Wong, will need to adapt rapidly to developments in order to live and prosper in a turbulent world. The Budget offers a S$4 billion increase to the National Productivity Fund, as well as tax credits for …

Coca-Cola trucks cross the border into Russia, holidaymakers return home with the latest Zara designs, and local internet marketplaces snap up IKEA’s furniture stockpiles. Although Western brands have departed the nation, their products remain. Despite European, North American, and Japanese corporations leaving Russia as a result of its actions in Ukraine, the impact on Russian consumers is limited, despite longer …