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DBS Group, the largest bank in Southeast Asia in terms of assets, recently completed a pioneering synthetic securitization transaction. This transaction, which is tied to a corporate loan portfolio worth $1 billion, marks the first of its kind to be carried…
AS Watson Group, a leading global health and beauty retailer, has announced the promotion of Queennie Fung to the position of General Manager of Group Corporate Communications. In this role, Fung will be responsible for overseeing the company’s brand…
Diesel, a denim brand owned by the OTB Group, has recently made strategic changes in its executive leadership, welcoming Andrea Rigogliosi as its new CEO. The move is part of the brand’s well-defined development strategy. New Leadership Rigogliosi will be…
The SoftBank Group, which includes SoftBank Corp. and SoftBank Group Corp., has partnered with OpenAI Group PBC to launch a joint venture known as SB OAI Japan GK (SB OAI Japan). The aim of this venture is to introduce “Crystal intelligence,” a groundbreaking…
Amazon is reportedly planning to eliminate around 30,000 jobs in its corporate division, a move that one analyst referred to as a ‘deep cleaning’ of the organization’s workforce. This reduction would affect about 10% of Amazon’s nearly 350,000 corporate…
Chelsea Chu, a veteran banking executive, has been appointed to head the corporate banking division of the American financial institution, Citi, in Taiwan. Based out of Taipei, Chu is expected to leverage her considerable experience in banking to enhance the…
Keurig Dr Pepper (KDP) has announced its forthcoming acquisition of JDE Peet’s, the renowned European coffee titan, in a significant deal worth A$25.9 billion (€15.7 billion). This bold strategic move will result in the division of the company into two…
Thailand expects to implement a global minimum corporate tax of 15% on multinational companies from January 2025, its finance minister said on Friday. The government will urgently issue a law on the tax collection, Pichai Chunhavajira said on a local…
At the age of 30 Thu Thuy became the head of her department with a high salary but quit two years later as there was little work-life balance. The 32-year-old, who lives in Ho Chi Minh City, says: “I’m the best employee in any company I work for.” Two years…
Vinamilk is set to see profits decline for a second straight year in 2022 due to rising costs of raw materials and transportation. Vietnam’s leading dairy company targets pre-tax profits of VND12 trillion ($524.70 million), down 7 percent from last year,…
Citi appoints a senior corporate banker for China, amid growing expansion in the mainland market. Luke Lu has been named head of corporates coverage for China, reporting to Citibank China CEO Christine Lam and APAC head of corporate banking Kaleem Rizvi. A…
Citi names the successor to former Asia Pacific head of corporate banking Gerry Keefe, who will take on the new role in the bank. Citi appointed Kaleem Rizvi as its new APAC head of corporate banking last week, according to a statement. In his new Hong…
Australian travel retailer Flight Centre Travel Group has furthered its position in the European market, taking full ownership of corporate travel business 3Mundi, which operates in France and Switzerland. Flight Centre acquired 25 percent of the business in…
Travel retailer Flight Centre has made a 25 per cent investment in The Upside Travel Company, strengthening its presence in the global corporate travel sector. Flight Centre, which is now the business’s largest shareholder, will gain access to its technology…
There is trouble in paradise. The Government’s drastic intervention in e-commerce at the behest of vested domestic interests and the powerful traders lobby has created consternation in the bulge bracket world of e-commerce in India. With the big players…
Nestlé has adopted Workplace by Facebook as its global internal communication tool, to connect its workforce and better serve consumers. The announcement comes as the latest and largest wave of staff join the platform, part of a process that began only nine…
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