Sunday , November 24 2024

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Samsung opens its largest regional R&D center in Vietnam

Samsung opens its largest regional R&D center in Vietnam

The US$220-million Samsung R&D Center in Hanoi, the Korean conglomerate’s biggest research facility in Southeast Asia, was inaugurated Friday. With the new facility, Vietnam has now gone beyond its role as a global production hub for Samsung and become a strategic base for major research and development, the company said …

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Thailand’s New Year spending to hit $2.9B

Thailand's New Year spending to hit $2.9B

Consumer spending during the New Year holiday is expected to reach 103 billion baht ($2.96 billion), pushed by the country’s continued economic recovery from the pandemic. The estimated spending is an expansion of 20.1% from the 85.7 billion baht posted during the previous New Year period, the highest increase since …

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Banker bonuses go from boom to bust in jarring reversal

Banker bonuses go from boom to bust in jarring reversal

Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as deal making sputters and economic gloom sets takes hold. Financiers face disappointment when their compensation awards land in the first quarter, and thousands …

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