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Bangladesh is battling to keep its position as the world’s second-largest exporter of clothing after China, as it faces intensifying competition from Cambodia, Vietnam, Myanmar and now African countries like Ethiopia as global brands search for cheap labor.…
Japanese automaker Mitsubishi Motors plans to expand its Vietnam operations by moving to full-scale production of parts within the country. The company’s CEO Osamu Masuko said at the global launching ceremony of the Mitsubishi Triton pickup truck in Bangkok…
Chinese consumer durables firm Midea aims to manufacture its products locally in the country by next year and is setting up a new facility in Pune at an investment of Rs 1,350 crore. “India is a strategic growth market and we expect our investments in this…
Textile and apparel player Arvind Ltd on Thursday reported a 16.38 percent increase in its consolidated net profit to Rs 75.08 crore for the second quarter ended September 2018. According to a report: The company had posted a net profit of Rs 64.51 crore in…
LG Electronics has introduced a premium brand that combines furniture design with home electronics. The company rolled out four products under the LG Objet name at a press conference held Thursday in Gangnam District, southern Seoul: a mini refrigerator, an…
PM Nguyen Xuan Phuc has suggested that Samsung expands its scale to make Vietnam the group’s largest strategic base. Receiving Lee Jae Yong, vice chairman of Samsung Group, in Hanoi on Tuesday, Phuc said Samsung should not just stop at making Vietnam its…
Japan’s Honda Motor said Tuesday it was raising annual forecasts after first-half profits rose over 19 percent on motorcycles sales in Asia. Japan’s third largest automaker now expects net profit to reach 675 billion yen ($6 billion) for the fiscal year…
Technology-related subsidiaries of LG hosted a fair on Monday in which 20 local start-ups presented their cutting-edge developments in areas such as autopilot technologies, artificial intelligence and big data. The small firms are seeking partnerships with…
LG Chem said Tuesday that it will invest 2.1 trillion won ($1.8 billion) by 2023 to build electric vehicle batteries in China in the latest move to meet growing demand for batteries for zero-emissions cars. Korea’s top chemical company said it has broken…
The Hyundai Motor Group will expand the use of wearable robots at its facilities as it works to make robotics a major source of revenue, the company said Monday. Since September, Korea’s largest automaker has been testing the Hyundai Chairless Exoskeleton…
The National Salary Board met for the second time this month to discuss whether or not to raise the minimum wage of Vietnamese workers next year. The previous meeting had failed to reach an agreement. On Thursday, the Vietnam General Confederation of Labor…
Hyundai Motor on Friday announced plans to join Gwangju’s city-owned automobile factory project, and the automaker’s labor union is putting up a fight over the plan’s potential effect on employees’ wages. Korea’s largest automaker said that it submitted a…
The iPhone is Apple’s most profitable and best-selling product. More than 1 billion have been sold. About half of all iPhones now are made in a huge manufacturing facility in the central Chinese city of Zhengzhou. This is the story of how an iPhone made there…
Japan’s factory output and retail sales were flat last month, data showed Monday, painting a bleak picture for the world’s number three economy as the central bank kicks off a policy meeting. The lukewarm readings come on the heels of disappointing inflation…
Honda Motor Co plans to build a new factory in China that will produce passenger cars from 2019, boosting its output capacity in the country by about a fifth, two people familiar with the matter said on Tuesday. Honda and partner Dongfeng Motor Group Co…
Swiss chocolate producer Barry Callebaut has expanded its operations in Indonesia with the grand opening of its first chocolate factory in the country. Through a long-term outsourcing agreement with GarudaFood Group, one of the largest food and beverage…
