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Company in Asia

  • Startups in Vietnam

    VIETNAM, 2017/06/27 2016 was called ‘the year of the startup’ in Vietnam. At no time before has the Vietnamese government shown so much support for startups. Entrepreneurship has been emphasised as a key driver for Vietnam’s economy by the national media and in almost all official speeches made by Vietnam’s new Prime Minister Nguyen Xuan Phuc.People work at the office of food-finder app Lozi in Hanoi, Vietnam, 7 April 2016. There have been 39,580 new startups with a total registered investment of 369.6 trillion dong (US$17 billion) in the initial four months of 2017 alone, which is a 14 % increase in the number of startups and a 54 % increase in registered investment compared to the initial quarter of 2016. According to Vietnam’s Ministry of Planning and Investment , of the 110,000 businesses registered in 2016, additional than 90 % paid taxes, showing signs of stable operation.
  • Recovering Caterpillar set to fly with its Chinese partners

    CHINA, 2017/04/27 Caterpillar Inc will continue to facilitate Chinese indigenous partners on projects along the Belt and Road economies, said one of its top executives. The US’ major machinery manufacturer is planning to organize a group of Chinese large contractors to go on an inspection tour of Africa and the Middle East later this month, where Caterpillar owns mature dealership networks and rich resources, according to Chen Qihua, its vice-president. Chen said the initiative will benefit the company’s efforts to promote interactions between Chinese contractors seeking overseas opportunities and service providers along the ancient trading routes.
  • Next Pertamina boss could be anybody: Minister Rini

    INDONESIA, 2017/03/06 The next person to chief oil and gas giant Pertamina could be an internal figure or someone from outside the company, National-Owned Enterprises Minister Rini Soemarno has said. Rini said the ministry had proposed candidates to the President, but no decision had been made. “Please be patient. We will definitely announce [the names],” Rini told a press briefing in Jakarta on Friday, reported.
  • Indian film star Sushmita Sen played a part in the launch event for Huawei’s P9 smartphone in New Delhi last month

    CHINA, 2016/09/29 The world’s third-largest smartphone maker by shipments—behind Samsung Electronics Co. and Apple Inc.—said Friday that it will work with the Indian arm of contract manufacturer Flex International Ltd. to assemble smartphones for the local market starting next month. Huawei Technologies Co. is making a renewed push into India’s fast-growing smartphone market, manufacturing locally and broadening its distribution network. By the end of next year, the plant in Chennai will have the capacity to make 3 million phones annually, Huawei said. The Chinese technology giant is also expanding its distribution network in India by teaming up with more than 50,000 retail outlets by the end of this year.
  • Uber Rival Grab Partners With Driverless Car Firm in Singapore

    SINGAPORE, 2016/09/24 Users of ride-hailing firm Grab will be able to book driverless cars from Friday (23/09) as it partners with a start-up testing the technology in Singapore, just days next rival Uber debuted its self-driving vehicles in the United States. The move comes as technology companies and automakers race to build autonomous vehicles and develop new business plans for what is expected to be a long-term makeover of personal transportation. Southeast Asia's Grab said its app will allow a selected group of commuters to book and ride start-up nuTonomy's driverless vehicles within a western Singapore district, where the vehicles are being tested, and adjacent neighborhoods.
  • Pakistan keeps mum on $800m owed by UAE's Etisalat

    PAKISTAN, 2016/07/14 he $800 million in arrears from the privatisation of Pakistan Telecommunication Limited are not mentioned in 2016-17 budget books, suggesting the government may have foregone the deficit in favour of the Dubai-based buyer. The explanatory memorandum on the federal receipts book for the next fiscal 2016-17 is silent on the outstanding proceeds owed by Etisalat to Pakistan for buying 26% stakes in PTCL for several years presently.
  • SoftBank faces inquiry over alleged Nikesh Arora conflicts

    JAPAN, 2016/07/04 US regulators are examining Japanese internet conglomerate SoftBank Group over possible conflicts of interest or other problems involving former president Nikesh Arora, who stepped down last week, Bloomberg News reported on Thursday. The statement, citing sources, said the Securities and Exchange Commission was looking into whether Arora, who was tipped as the next CEO, held conflicts of interest or engaged in questionable behaviour before resigning from SoftBank last week.
  • J Trust Group Fast decisions key to venture capital gains

    JAPAN, 2016/02/02 J Trust Group President and CEO Nobuyoshi Fujisawa explains the importance of the ability to make fast decisions and bear risk to a venture capital company that can help overseas companies invest in Japan and the broader Asean region. What would you say has been an impact of Abenomics on the financial services sector and indeed on J Trust specifically? My awareness of what Abenomics has done for the general public initial of all is the very rapid rise in stock prices inclunding the weakening of the yen. Since Prime Minister Abe took office, these two elements happened in such a short period. Within one to two years of that, stock values have doubled and the exchange rate between the yen and the dollar has changed. The dollar became 1.5 times stronger and the Japanese yen weakened to two-thirds of what it was. This had a very large impact on Japan as a whole.
  • Wyndham Garden arrives in China with first hotel

    CHINA, 2016/01/08 Wyndham Hotel Group has expanded its footprint of additional than 1,000 hotels in China thanks to the debut of the country's initial Wyndham Garden property, opening recently in Suzhou. Conveniently situated in the heart "the Venice of the East," known for its scenic canals and bridges, the 289-room Wyndham Garden Suzhou is adjacent to bustling Guanqian Street and four garden areas popular with tourists. It is just 30 minutes from Shanghai by high-speed rail and a short drive from a number of world-class cultural heritage sites inclunding Tiger Hill, The Humble Administrator's Garden, Lion Grove and Hanshan Temple.
  • Huawei plans to promote Africa’s digital economy by building a better connected Africa

    CHINA, 2015/12/10 Huawei has called for enhanced cooperation between China and Africa in building a better connected world in order to promote the digital economy in Africa. As the only representative from the Telecom industry present at the 5th Conference of Chinese and African Entrepreneurs, a side event of the Forum on China-Africa Cooperation (FOCAC), Huawei expressed its continued efforts to building a better connected Africa. During his address at the event, Charles Ding, Senior Vice President of Huawei, said, “Huawei has been focused on building a better connected Africa for 17 years. We continuously leverage our world innovation capabilities and cooperate with governments, customers, and industrial partners to increase telecom network coverage significantly to achieve a win-win cooperation. We’ve deployed additional than 50% of wireless base stations, over 70% of LTE networks and at least 50,000KM of optical fibre to provide better telecom connectivity to Africa. Connectivity is the cornerstone to the development of a digital economy in Africa. “