Wesfarmers CEO Richard Goyder has criticised calls by Australia’s peak body representing food manufacturers and suppliers for the creation of a supermarket ombudsman, saying the idea is "a …
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Event Overview: World Retail Congress Asia Pacific 2012 connecting retail leaders at the capital of the blooming retail market
The positive outlook of China’s retail industry has attracted eyeballs of international retailers and investors. With the expanding middle class population, the country’s retail market is …
China’s Haier to expand Japan operations
Chinese appliance maker Haier Group Co. said on Wednesday it aims to have sales of JPY50 billion (USD632.4 million) in Japan this year by reinforcing its product lineup with the Aqua brand.
The brand …
Taiwan’s Vibo to purchase 500,000 handsets in 2012
Vibo Telecom, a 3G mobile teleocm carrier in Taiwan, plans to purchase 500,000 handsets in 2012, with 90 percent to be smartphones, according to company CEO George Chou.…
India’s tea prices to rise USD0.2-0.24/kg
The Indian Tea Association (ITA) is expecting retail tea prices to increase by INR10-12 (USD0.2-0.24) a kg in the new season, due to a 34 percent rise in labour cost.…
Singapore Inc in the war for talent
Continued global volatility may appear to be the order of the day, but the bullish confidence of Asia-Pacific companies in their own performances has manifested in a war for talent.
According to Price…
Low wages compound Japan’s grim prospects
While workers around the developed world have been complaining of a squeeze on incomes over the past two decades, in Japan thinner pay packets fuel wider deflation. That makes it even harder for the J…
Australia’s jobless rate down to 5.1pc in Jan
Two consecutive rate cuts from by the Reserve Bank of Australia appear to have boosted employer confidence.
Australia’s unemployment rate fell to 5.1 percent in January, its lowest since July 20…
Coles turnaround gathers pace, says Wesfarmers
Perth-based conglomerate Wesfarmers has reported flat half year profit growth of only 0.3 percent to AUD1,176 billion (USD1.26b) after its insurance arm was affected by a high level of catastrophe cla…
Apple’s plant conditions better than the norm, says agency
Working conditions at Chinese manufacturing plants where Apple’s iPads and iPhones are made are far better than those at garment factories or other facilities elsewhere in the country, according…