Business
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“To succeed in business, you must build a brand and never destroy it. One competitive advantage I had when I ventured into manufacturing was my brand ‘Dangote,’ which I diligently built in the course of my trading commodities.” – Aliko Dangote “Don’t kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur…
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Retail sales in Singapore decreased 0.6 percent year-on-year in June, reversing the 2.2 percent growth in May, the Department of Statistics said on Monday. The motor vehicle sales grew 19.5 percent in June from a year earlier but dropped 9.1 percent month-on-month. Excluding motor vehicles, retail sales fell 3.1 percent from last year. The estimated…
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China’s cruise economy is witnessing a steady recovery, bolstered by the visa-free policy for international tourists and the resurgence of the global cruise market. In the first half of 2024, cruise ports in Shanghai handled over 90 international cruise voyages, recording more than 180 entries and exits, with over 840,000 passengers traveling through these ports.…
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Stakeholder theory, which has been described by Edward Freeman and others, is the mirror image of corporate social responsibility. Instead of starting with a business and looking out into the world to see what ethical obligations are there, stakeholder theory starts in the world. It lists and describes those individuals and groups who will be…
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New Zealand’s business sector shows lower profitability as the production of goods and services slowed while the cost of labor continued to rise over last year, according to the statistics department Stats NZ on Thursday. “Decreases in operating surplus reflect lower profitability for the business sector,” said Paul Pascoe, a senior manager at Stats NZ…
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Governments seek to encourage FDI for a variety of reasons. On occasion, though, the process can cross the lines of ethics and legality. In November 2010, seven global companies paid the US Justice Department “a combined $236 million in fines to settle allegations that they or their contractors bribed foreign officials to smooth the way…
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Pakistan has earned 15.241 billion U.S. dollars through textile products exports in the first 11 months of the ongoing fiscal year starting from July 2023 to June 2024, officials from the Pakistan Bureau of Statistics (PBS) said on Sunday. The exports of textile products increased by 1.41 percent during July-May of the current fiscal year…
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Russian President Vladimir Putin said on Wednesday that the development of Russia-China relations, based on profound common interests, is conducive to world stability. The development of Russia-China relations is not a short-term behavior, but is based on profound common interests, and the bilateral relations rely on prudent decision-making and accumulated joint efforts, Putin said when…
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Over the years, based on pure experience and trial and error, I arrived at a set of principles that have always worked well for me, here they are: 1. Use clear language. If you can’t explain your point of view to a 10-year-old, such that they can explain it to another adult, then it’s too…
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Japan’s real wages fell 2.2 percent in fiscal 2023 from the previous year, logging the sharpest drop in nine years, as inflation outpaced pay increases, the government said Thursday. The inflation-adjusted wages declined for the second straight year following a 1.8 percent decrease in fiscal 2022, marking the largest drop since fiscal 2014 when real…
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The Joint Committee of the House of Representatives investigating the arbitrary increase in the price of cement has expressed disappointment in the agency for not doing enough to protect the consumers of cement in line with the agency’s Establishment Act. The committee also issued a final summon to the Cement Manufacturers’ Association of Nigeria for…
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Sales of pickup trucks in China rose 4.4 percent year on year in April as the country’s consumption promotion policies boosted the market, industry data showed. According to the China Passenger Car Association, 44,000 pickup trucks were sold in China last month. The exports of such vehicles accounted for 42 percent of the country’s total…
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With a claimed purpose of enhancing America’s economic future and national security, Washington has launched a fresh round of tariff war against Chinese products, which industry insiders and experts say will actually cripple U.S. economic resilience and could even put American lives at risk. ONCE ON SHORE, PRAY NO MORE Of more than a dozen…
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China-Europe freight train services saw solid growth from January to April this year, with continuous improvements to the transport capacity, efficiency and service quality. The number of China-Europe freight train services increased by 10 percent year on year to 6,184 trips in the first four months of 2024, the China State Railway Group Co., Ltd.…
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Tokyo stocks closed lower on Monday, as investors stayed cautious before the release of earnings reports by major Japanese companies later this week. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 49.65 points, or 0.13 percent, from Friday at 38,179.46. The broader Topix index, meanwhile, finished 4.13 points, or 0.15 percent,…
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Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for travel remains strong, including among business flyers, but airlines are dealing with higher labor costs, and delays in…
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