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10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )

Retail Asia21/07/2020

HSBC’s cost-saving drive is reportedly set to accelerate even in its most profitable markets in Asia following the departure of its global head of equities. Hossein Zaimi is leaving HSBC, according to a report citing two unnamed sources, after joining the bank more than 16 years ago. Zaimi also took on the additional role of co-head […]

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Retail Asia15/07/2020

Labour representatives at German carmaker Daimler said on Monday that discussions with management over cost cuts had become “rougher”, after a board member said over the weekend that more than 15,000 jobs were at risk. The auto industry has been hit hard by the coronavirus pandemic, which shuts factories and showrooms forcing traditional carmakers to […]

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Retail Asia19/06/2020

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A Singapore-based banker was surprised to be asked highly personal questions when he applied for a job at the U.K. lender. Standard Chartered’s reasoning is unconventional. The London-based bank’s procedure for job applicants is pretty standard: an employment portal with listings for hundreds of job vacancies. Standard Chartered, which employs roughly 75,000 people overall, has a strong presence […]

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Retail Asia22/01/2020

HSBC will offload around 100 employees in its equities business including research, sales, trading and back-office functions.vMost of the cuts will be made in the bank’s continental European trading floors, according to a report citing anonymous sources. A handful of layoffs will apply to Hong Kong. The bank could not comment on the matter ahead […]

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Retail Asia17/12/2019

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Thousands of stores will close and 5600 jobs will be lost as Hong Kong retailers try to recover from a “severe” sales decline brought on by social unrest and declining mainland visitor numbers, according to a survey by the Hong Kong Retail Management Association. Conducted between October 29 and November 22, the survey revealed that […]

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Retail Asia22/10/2019

Japanese 7-Eleven parent Seven & I Holdings is preparing to cut 3000 jobs in its 2022 fiscal year. The move will be the firm’s largest payroll cut since it opened and reflects increasing competition from e-commerce and shopping malls, as well as chronic shortages in labor. The firm is planning a structural reform initiative to […]

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Retail Asia13/09/2019

General Motors has cut about 350 jobs from its Thai subsidiary’s operations, a labor representative said on Friday, slashing more than 15% of the workforce for the U.S. automaker that has two factories in Thailand. Thailand is a major manufacturing hub in the competitive Southeast Asian auto market. Boonyeun Sookmai, coordinator for Labor Relations Group […]

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Retail Asia19/08/2019

HSBC reiterates continuity in its business strategy, despite the recent CEO exit, underlining a potential axing of more than 4,700 jobs as part of its ongoing cost-cutting measures. HSBC’s finance director Ewen Stevenson noted that up to 2 percent of jobs (currently 237,865 employees globally), or 4,754, could but slashed as part of the overall […]

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Retail Asia12/08/2019

Renault warned that revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal. Net income slumped by more than half to 970 million euros ($1.08 billion) in January-June as revenue fell […]

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Retail Asia12/08/2019

Japanese auto giant Nissan announced earlier this week that it will downsize its workforce globally by firing 12,500 employees. This includes the manufacturer’s India operations as well. A report by ETAuto now states that over 1700 employees from the Indian subsidiary will be axed from the company, contributing 13.68 per cent to the total job cuts. However, […]

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Retail Asia23/07/2019

US carmaker Ford said Thursday that it plans to slash a total of 12,000 jobs across Europe as part of a previously-announced restructuring, as it closes or sells six plants in Britain, France, Russia and Slovakia in 2019 and 2020. “Ford’s manufacturing footprint in Europe will be reduced to a proposed 17 facilities by the end of […]

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Retail Asia04/06/2019

Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021. The Japanese carmaker announced Monday that the Swindon plant will shut in two years, “at the end of the current model’s production life cycle.” Honda makes its popular Civic model at the factory, 70 miles (115 kms) west of London. Reports […]

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Retail Asia31/05/2019

Swedish carmaker Volvo, which is owned by China’s Geely, is cutting several hundred jobs, Swedish radio reported on Friday citing sources.The carmaker, whose number of employees has more than doubled over the past decade to about 43,000, confirmed it was reviewing staff and other costs to ensure its business had the “right skills”. “As a growing […]

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Retail Asia30/05/2019

The Spanish arm of Japanese carmaker Nissan has reached an agreement with unions to cut 600 jobs at its plant in Barcelona, or almost 20 percent of the plant’s workforce. The layoffs, a mixture of voluntary redundancies and early retirements over the next year, were a condition for a planned investment of 70 million euros ($79 […]

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Retail Asia04/01/2019

Contractors should look to neighbouring Singapore and Sarawak for jobs, as a slowdown in award of contracts is expected in 2019, according to Hong Leong Investment Bank (HLIB). The research house said in a note that contract flows are expected to slowdown on the back of slight year-on-year (y-o-y) decline of 0.4% in development expenditure […]

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Retail Asia03/01/2019

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IT firms are offering artificial intelligence (AI) engineers salaries of $22,000 a year, but are still struggling to recruit enough people. IT recruiting firm TopDev said in a recent report that companies are having difficulty finding the right people due to a paucity of talents. Salaries are going up as a result. An AI/machine learning engineer […]

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Retail Asia09/11/2018

Vietnam has climbed four places to 19th in the list of best countries for expats to work and live, an HSBC survey found. With an average annual income of $90,408, nine out of 10 expats said in Vietnam they are as happy as or happier than at home, according to the 11th annual Expat Explorer […]

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Retail Asia08/11/2018

Swedish furniture giant IKEA is planning to hire 10,000, both direct and indirect, in Maharashtra over the next two to three years, a senior company executive has said. According to a report: The company opened its first store in Hyderabad in August this year and the Navi Mumbai will be the second store in the country. “Next […]

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Retail Asia12/10/2018

South Korea’s jobless rate rose slightly in September due to a fall in employment in the retail and restaurant sectors, with poorer-than-expected job creation continuing, government data showed Friday. The unemployment rate stood at 3.6 percent last month, up 0.3 percentage point from a year earlier, marking the highest rate for September since September 2005, […]

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Retail Asia03/05/2018

Amazon is creating an additional 2,000 technology jobs in fields such as machine learning, speech science, cloud computing and robotics engineering, as it looks to ramp up its Alexa offering. The new jobs will be based in the company’s Boston technology hub, one of more than a dozen Amazon tech hubs in the US, where 1,200 software developers and […]

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