Tag Archive: business news – expert

Recipe for success: The growth of team-building cookery classes

Business - E

  Company away days are usually spent through team building, seminars or charity which are said to be stodgy and humiliating. Nowadays, cookery classes for companies are offered in some parts of Europe. Food@Work handled cooking classes of SIG, a hardware company based in London. SIG employees say that working in the kitchen loosened taut officers. Belguim-based Waffle Workshop originally targeted tourists but focused on companies instead because of perils that happened last year. Making waffles while knowing their colleagues more made attendees euphoric. France-based L’Atelier des Sens holds at least 150 team building cookery classes with 50 instructing chefs per month. L’Atelier des Sens observed that the organizational chart…
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Asia’s fastest growing economies have the fastest growing slums

Business - E

  World Bank data states that nations such as Cambodia, Mongolia, Myanmar, and the Philippines have a high number of squatters in key cities. Cities such as Manila and Jakarta offer encroached properties for migrants. World Bank senior specialist Makiko Watanabe said that opportunities in cities lead to the boost of migrants. It is said that people migrate because of the notion that cities offer a lot of opportunities such as employment and convenience. World Bank offers two solutions for governments to cope up with the rising urban population. Solutions are either recasting a rural town into an urbanized city or developing areas outside key cities to decongest the population….
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Japanese public deeply skeptical over its corporate leaders

Business - E

Edelman, an American public relations firm, surveyed 28 nations and regions featuring more exposure of corporate honchos to the common public. Japan garnered only 18% in the Trust Barometer survey which placed last on the list. Developed countries such as China and India ranked first in the said survey. Despite being a developed country, Japan expressed skepticism towards their corporate honchos. Edelman Japan noted that the Japanese society are skeptical because of their officials’ low public exposure and because of incidents that happened for the past few years such as corporate scandals and overworking issues. CEOs may emulate United Airlines’ Oscar Munoz wherein his amiability and visibility raised employees morale…
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Disney tickets get more expensive

Business - E

  The ticket price for “The Happiest Place on Earth” will have a price bump, the management reported recently. Single-day ticket in Anaheim, California will now be at $97, $110 or $124 from $95, $105 or $119. The annual Deluxe pass will also go sky-high. Even Disney World in Florida will experience the same price boost on their single-day, annual, and platinum passes, although the all-year premium passport will not bulge. Ticket pricing is now divided into three periods: Value – the cheaper ones, Regular and Peak – the costly ones. The Disney management has emailed a statement saying that the price increase is to control overcrowding during peak seasons,…
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Vegemite brand back in Australian ownership

Business - E

The iconic yeasty spread that once became an American brand is finally back in Australian. Bega Cheese, a Melbourne-based dairy company, snapped up Vegemite and other range of food brands from the US giant, Mondelez International as a part of A$460 million deal. This deal will also grant the Australian company the right to Kraft brands and products like nut spreads and mayonnaise under license. Mondelez will now concentrate on their core products in Australia and New Zealand, such as Cadbury and Oreo. This beloved spread enjoyed by Aussies is a dark, bitter spread that is made from brewer’s yeast, and is rich with vitamin B. For years, Australians moaned…
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Japan’s move to end ‘death by overwork’ will drag economic growth: Deutsche Bank

Business - E

  A study made by Deutsche Bank states that cutting prolonged working hours could affect Japanese economic growth. Demanding industries that depend on domestic demand are said to suffer the most. Cutting overtime might lead to lower household income and deplete corporate earnings which will greatly affect the economy. Deutsche Bank adds that Japanese employees usually render undocumented overtime which might be more than the documented data. Police findings state that work-related stress became one of the leading causes of deaths in 2015. Last October, the government released an extensive research about deaths by overwork which states that 12% of companies made their employees render more than 100 hours of…
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Labor shortage

Japan’s apparent aging and decreasing population is causing the greatest shortages of manpower for labor-intensive sectors. Industries like hotels, restaurants, and elderly care facilities are less capable of offering competitive wages as they hit lowest on productivity per employee. Also, the elderly care system is undermined by government efforts that set the compensation down. In 2015, the average monthly wages in Japan fell for the fourth consecutive year. The central bank’s target for the average monthly wage increase is 2% for 2016, but the labor ministry data records an increase of only 1% in September. Adding to this labor predicament is the sabotage of employees’ bargaining power due to the…
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527 South Koreans file case against Samsung over Galaxy Note 7

  South Korean Galaxy Note 7 users totaling to 527 filed a lawsuit against Samsung Electronics over the controversy of its fire-prone smartphone units. Attorney Peter Young-Yeel Ko, head of the Harvest Law Firm, said Galaxy Note 7 users are appealing to be compensated for the liabilities it brought about. One of his clients claimed to have lost thousands of family trip photos. Another plaintiff affirmed he drove for eight hours round-trip to return his fire-prone smartphone. Samsung proposed to apportion coupons worth 30,000 won ($26) to all Note 7 users, while those who will purchase another Samsung phone would be provided 70,000 won ($62) coupons. As for those looking…
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