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Terry Gou to step back from ‘front line’ at iPhone assembler Foxconn as it expands into India, AI

Terry Gou Tai-ming, the billionaire founder and chairman of iPhone assembler Foxconn Technology Group, plans to step back from day-to-day operations, making room for younger management to run the world’s largest electronics contract manufacturer.A spokesman for Foxconn, formally known as Hon Hai Precision Industry, said Gou aims to sharpen his focus on the company’s strategic direction, denying earlier reports that he aims to resign or retire.“I’m already 69 years old. I hope to pass down my 45… Source link

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Vietnam 

India initiates anti-dumping probe into aluminium-, zinc-coated flat products from VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

India initiates anti-dumping investigation into aluminium- and zinc-coated flat steel products from Việt Nam. – Photo thoibaonganhang.vn HÀ NỘI India has initiated an anti-dumping investigation into imports of flat-rolled steel products plated or coated with aluminium or zinc originating in or exported from three countries, Việt Nam, China and South Korea. The application was filed by JSW Steel Coated Products Limited, which accounts for more than 60 per cent of the total production of these flat products in India. They are used in many applications and sectors like infrastructure, solar power, roofing,…

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A look at Mukesh Amabani’s US$2.5 billion shopping spree provides an insight into how he plans to take on Amazon in India

A US$2.5 billion spending spree involving more than two dozen deals provides some insight into how Mukesh Ambani is piecing together a strategy to take on Amazon.com in India.Asia’s richest man is sharpening his focus on e-commerce with a string of tiny acquisitions and stake purchases to face the world’s largest online retailer, after shaking up India’s telecommunications industry with cheap data and free calls.The acquisitions represent a new strategy for Ambani’s Reliance Group, whose… Source link

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China 

US hotel giant Marriott’s goal of 1,000 properties by 2020 in Asia-Pacific to be led by China and India

Marriott International is ramping up its presence in Asia-Pacific as it targets 1,000 properties in the region by 2020, with the US hotel operator identifying China, India and Southeast Asia as its growth drivers.This year alone the company expects to add about 100 new hotels or close to 20,000 rooms in the region.Marriott said it well positioned to capitalise on global travel trends in China, India, and Indonesia, three of the world’s four most populated nations.“As the world’s leading… Source link

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Hong Kong electric utility CLP Holdings looks to next generation ‘smart’ meters, solar projects in China, India

CLP Holdings, which owns the larger of Hong Kong’s two power utilities, will spend around HK$2 billion (US$256 million) to install smart electricity meters for 2.3 million customers in the city over the next seven years, which will help save on costs and plant investment, according to the company’s chief executive officer Richard Lancaster.The meters, together with a mobile app, are part of the 118 year-old utility’s drive to harness technology to enhance efficiency and customer services. The… Source link

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Vietnam 

Vietnam, India seek ways to remove obstacles to trade ties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam called on India not to impose anti-subsidy measures on stainless steel pipes and copper wire rods imported from the country, and to consider not reinstating anti-dumping measures when they expire. — Photo ndh.vn Viet Nam News HÀ NỘI — Officials from Việt Nam and India discussed specific measures to remove obstacles to trade and promote investment co-operation between their businesses during the fourth meeting of the Joint Sub-committee on Trade in Hà Nội on Wednesday. The event was co-chaired by Vietnamese Deputy Minister of Industry and Trade…

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Vietnam 

India, VN step up pharma ties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Significant potential for growth in trade in pharmaceutical and healthcare products exists between India and Việt Nam, experts at the Indian Pharmaceutical Exhibition and B2B Interaction said on Monday in HCM City. Speaking at the opening ceremony, Võ Tân Thành, deputy chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), said that Việt Nam’s pharmaceutical industry in recent years had seen a two-digit growth rate and that growth momentum would continue until 2022. “Although the domestic pharmaceutical industry has…

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World Bank arm IFC sees US$20 trillion worth of green investment opportunities in India, Asia-Pacific

International Finance Corporation (IFC), a private equity and venture capital arm of the World Bank Group, is set on climate related investments, with US$20 trillion worth of opportunities in Asia-Pacific and India by 2030. According to the IFC, 60 per cent of the area expected to be urban worldwide by 2030 is yet to be built, as emerging countries develop and migration to cities heightens. This will provide opportunities for US$29.4 trillion of climate-related investments in sectors from renewable energy to electric vehicles, of which nearly 70 per cent will…

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Singapore 

Woman found dead in Little India hostel, police investigating case of unnatural death, Singapore News

SINGAPORE – A woman was found dead in a Little India hostel on Wednesday afternoon (Jan 9). The 33-year-old was found lying motionless in a shophouse in Roberts Lane after the authorities were alerted at about 1pm, the police said. The woman, believed to be an Indian national, was pronounced dead by paramedics at the scene. Police are investigating the matter as a case of unnatural death. The hostel manager, who gave his name only as Mr Sheng, said the woman had been staying at the hostel for about six…

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Chinese budget smartphone brand Realme has Southeast Asia, Africa and Europe in its sights after sweeping India

Realme, the India-focused brand controlled by Chinese mobile phone maker Oppo, plans to expand its operations across Southeast Asia, Africa and Europe, following its success in the world’s second largest smartphone market. It is a strategy made possible by the Shenzhen-based budget Android smartphone maker’s online distribution programme and independent business model, according to Realme global chief executive Sky Li Bingzhong in a recent interview. “The company’s asset-light operations and focus on online sales allows it to keep costs low,” Li said. “That way, more young consumers can afford its…

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