The rapid pace of change in workplaces across the Asia Pacific is becoming increasingly evident, as highlighted in this year's Hopes and Fears survey, which gathered insights from 19,500 workers in 14 territories. Employees are beginning to feel the strain of these transformations. According to PwC’s 27th Annual Global CEO...

On Tuesday in Seoul, South Korea, Kakao Corp. founder Kim Beom-su, also known as Brian, was arrested on charges of manipulating SM Entertainment’s stock price during a high-profile acquisition battle. The competition for SM Entertainment involved Kakao's chief rival, Hybe, the K-pop label famous for BTS. Last year, prosecutors indicted...

Abu Dhabi Commercial Bank PJSC (ADCB) is set to bolster its strategic footprint in Central Asia's thriving $1.751 trillion economy by launching a corporate banking hub in Kazakhstan. Utilizing its extensive network and expertise, ADCB aims to support businesses fueling Central Asia’s rapid economic growth, driven by major infrastructure projects,...

Canfor Corp. has announced the retirement of its long-standing President and CEO, Don Kayne, effective at the end of this year. Kayne's career with the Vancouver-based company spans an impressive 46 years, with him serving as CEO since 2011. Under Kayne’s leadership, Canfor has undergone significant growth and transformation, evolving...

Over the past five years, the Pacific Australia Labour Mobility (PALM) scheme has seen significant changes. In June 2019, Australia hosted 5,886 PALM visa holders, a number that skyrocketed to 32,513 by May 2024—a remarkable increase of 450%. Several factors contributed to this surge, notably the prioritization of PALM workers...

Henley & Partners' 2024 Africa Wealth Report highlights that Africa is home to 135,200 high-net-worth individuals (HNWIs) with liquid investable assets exceeding USD 1 million. The continent also boasts 342 centi-millionaires, each worth USD 100 million or more, and 21 billionaires. Africa’s top five wealth markets—South Africa, Egypt, Nigeria, Kenya,...

The G7 nations are prepared to channel up to $200 billion into infrastructure projects across Central Asia, with Kazakhstan emerging as a primary beneficiary. Helaina Matza, the Acting Special Coordinator for the Partnership on Global Infrastructure Investment (PGI) within the U.S. Department of State, revealed this information during a meeting...

China's wealthiest individual, Zhong Shanshan, is on the verge of losing his top spot after nearly three years, as his fortune diminishes the most among global billionaires. His bottled water company, Nongfu Spring, has been grappling with heightened competition and various setbacks. As of July 22, 2024, Zhong Shanshan, Chairman...

The Gulf Cooperation Council (GCC) economies are set for slower growth this year due to ongoing oil production cuts, with Saudi Arabia's economy being significantly impacted, according to a poll of economists. A survey conducted between July 8 and 22 involving 24 economists forecasts that Saudi Arabia's economy will grow...