corruption

Retail Asia13/11/2017

Vietnamese lawmakers have approved a 7 percent pay rise for workers in the public sector, an area critics say is prone to corruption due to low official salaries. The basic wage in the sector will be raised to VND1.39 million ($61.20) a month from July next year from the current VND1.3 million. In Vietnam, the […]

Retail Asia20/10/2016

South Korean prosecutors will file charges on Wednesday against Lotte Group’s chairman, Shin Dong-bin, father and brother alleging they committed offences such as embezzlement and breach of trust worth hundreds of millions of dollars at the family-owned conglomerate, as reported on Tuesday. Closing a wide-ranging probe into corruption that has convulsed Korea’s fifth-largest conglomerate, prosecutors will […]

Retail Asia02/09/2016

Ever since the Chinese government cracked down on “gift giving” as part of its anti-corruption campaign, Swiss watch exports have taking a beating. Here’s the trend, courtesy of a UBS European luxury note out Wednesday: As the analysts note, that slump follows a more than 100 per cent rise in the value of Swiss watch […]

Retail Asia29/01/2016

A researcher for Transparency International Indonesia (TII) elaborates on findings in the Corruption Perception Index 2015 on Monday. Indonesia ranked 88th out of 168 countries, a better position than a year earlier when it ranked 107.(JP/Wendra Ajistyatama) Indonesia has shown improvement in the 2015 global Corruption Perception Index (CPI) survey, released by Berlin-based Transparency International […]

Tag: corruption

Vietnam’s corruption-prone public sector to receive 7 pct pay rise next year

South Korea prosecutors to indict Lotte chairman, father and brother in corruption probe

A bonfire of the Swiss watches

Indonesia makes strides in fight against corruption