Southeast Asian Shippers Face Freight Rate Challenges
Anticipating potential tariffs and trade restrictions, many companies have expedited shipments—a practice known as front-loading—to avoid increased costs. This surge in early shipments has led to temporary spikes in demand, followed by periods of reduced shipping activity, causing fluctuations in freight rates. For instance, in December 2024, ocean freight rates
Asia FX Rally as Trump’s Tariff Relief Pressures Dollar
Asian currencies strengthened while the U.S. dollar hovered at a four-month low following tariff concessions on Canada and Mexico. However, market sentiment remained fragile as President Donald Trump maintained a 20% tariff on Chinese imports, prompting retaliation from Beijing. Investors assessed China’s pledges for additional stimulus measures announced at a
GE Joins Forces for a Game-Changing Japan Power Grid Bid
In the latest turn of events, General Electric’s subsidiary plans to join hands with international investors on a project to build one of the largest power grids in Japan. As the global energy landscape is facing a 75% increased power demand, Japan is facing its own set of challenges. For
‘China Plus One’ Drives Japanese Firms Towards India
After the COVID-19 pandemic, Japanese companies are moving forward to adopt the ‘China Plus One’ plan and diversifying their manufacturing and supply chains to reduce dependence on China. For this, they plan to establish production facilities in alternative nations, with India being a major country. Deloitte Japan CEO (Chief Executive
Foxconn Aims for Cooperation with Nissan, Not Control
In the latest turn of events, Foxconn, the world’s largest contract electronics maker and Apple’s main iPhone maker, is planning to partner with Nissan to diversify its business in the electric vehicle sector. Nissan, one of the biggest car manufacturers in the world, is currently struggling to maintain its hold
Japan’s Current Account Booms While Trump Tensions Loom
Japan’s current account surplus reached an all-time high in 2024, driven largely by the yen’s depreciation, which boosted returns on overseas investments. This surge comes amid growing concerns over the impact of US President Donald Trump’s economic policies. According to data from the Finance Ministry released on Monday, the surplus
Redefining the IT Landscape: The No-Code Revolution
As businesses strive to become more agile, innovative, and cost-efficient, no-code platforms increasingly become the go-to software development solution. The no-code platforms allow founders and non-IT professionals to create functional applications using pre-built models instead of writing complex codes, making the app development process more efficient and cost-effective. But this
Citi Taps Ashu Khullar for its Global Asset Manager Role
In the recent turn of events, Reuters stated that Ashu Khullar will serve alongside Anthony Diamandakis as the co-head of global asset managers. Ashu Khullar will also be a part of the global investment banking committee. The memo further mentioned that K. Balasubramanian would fill Khullar’s current role as India
Fuji Media’s Management Charged With Sexual Misconduct
Recently, in Japan, another layer of sexual misconduct against women was unveiled when the Chairman & the head of the company’s TV unit was charged with sexual misconduct. On 27th January, Reuters reported that the Fuji Media Chairman, Shuji Kanoh, & the head of the TV unit, Koichi Minato, will
Tonik: Banking Solution For Everyone and Anywhere
The first traces of the modern banking system can be traced back to the 14th century in Europe, or Italy, to be more specific. The banking sector has undergone major developments in the next 6 centuries. However, no one had more of an impact on the users than the introduction
