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Articles by Sanjiv Chatterjee
Microsoft and G42 to Expand Cloud Computing Infrastructure East Africa
Microsoft and UAE-based AI firm G42 will invest $1 billion in a data center in Kenya as part of efforts to expand cloud-computing services in East Africa, the companies announced on Wednesday. The data center, which will be built by G42 and its partners, will be powered by geothermal energy and will provide access to Microsoft's Azure through a new cloud region for East Africa.
Sri Lanka's CPI Rises to 2.7% in April
Sri Lanka's consumer price inflation increased to 2.7 percent in April from 2.5 percent in March, according to official data released on Tuesday. The National Consumer Price Index (NCPI), which measures broad retail price inflation and is published with a 21-day lag each month, showed that food prices rose 3.3 percent in April, down from 5 percent in March.
StrategINK's VISION 2024: Pioneering the Future of Technology and Business
StrategINK’s Annual Flagship Conference success- fully concluded its 3rd edition at The Lalit in Mumbai, bringing 170+ technology and industry leaders along with IT decision. Themed "Pacing Today, Pioneering Tomorrow," VISION 2024 focused on strategies adopted by technology leaders to build an intelligent and agile enterprises while technology OEMs show- cased their advanced technology capabilities to help build sustainable businesses.
South Korea and Britain to Jointly host International Summit on AI
South Korea and Britain are hosting a major international summit on artificial intelligence in Seoul this week, with a focus on AI safety. The AI Seoul Summit, which begins on Tuesday (May 21), follows the inaugural global AI safety summit held at Bletchley Park in Britain last year. That event saw numerous countries expressing their concerns to leading AI firms about the risks their technologies might pose.
Blue Origin Celebrates Successful Launch After Two Years
Jeff Bezos' space company, Blue Origin, launched a six-person crew to the edge of space from West Texas on Sunday, May 19. This launch marked the resumption of the company's space tourism business, which had been on hold since its suborbital New Shepard rocket was grounded in 2022. Among the crew was Ed Dwight, the first U.S. Black astronaut candidate from the 1960s, who, at the age of 90 years and eight months, became the oldest person in space.
World CX Summit 2024: Steering The Future Of Customer Experience Forward
The 11th global edition of the World CX Summit & Awards, organised by Trescon, returns to India on 22nd May 2024 at the Leela, in Mumbai. With more than 350 CX leaders, top technology mavens, and innovators confirmed, the event serves as a crucial terminal in India's digitization roadmap. This summit facilitates a robust exchange of ideas and sets the stage for strategic collaborations that will define the future of CX innovations in India and around the world.
Astra Zeneca to Build Anti-Body Drug Facility in Singapore
AstraZeneca plans to build a US$1.5 billion manufacturing facility in Singapore to produce antibody-drug conjugates (ADCs) and targeted cancer therapies, the British company announced on Monday (May 20). This facility will be AstraZeneca's first end-to-end ADC production site and will be supported by the Singapore Economic Development Board (EDB). Specific details on potential financial incentives from the Singapore government were not disclosed.
The Neom, Fiction or Science Fiction?
In the vast, arid expanses of northwestern Saudi Arabia, a new vision for the future is taking shape—one that promises to redefine urban living, technological innovation, and environmental sustainability. This vision is NEOM, an audacious mega-city project that aims to transform a remote desert region into a bustling hub of advanced industry, sustainable living, and global commerce.
India Shows Promise for Growth of Airlines:ING Bank
India is expected to be a power house for future airline growth driven by the eagerness of people to travel and growing population, according to a report. In a report, the Netherlands-based ING Bank NV said India is set to deliver strong structural growth figures, and airlines are preparing for this with historically large orders for new aircraft from carriers Indigo and Air India.
Key Cybersecurity Practices for Businesses in Hong Kong to Tackle Ransomware Attacks
Asia Business Outlook recently got a chance to interact with Ken, wherein he shared his insights on how the cybersecurity space is evolving in Hong Kong lately, and even suggested a few effective practices that come in handy for organization to secure their data and avert any potential cyber threats. With over two decades of experience under his belt, Ken is one of the most well-known figures in Hong Kong's sales and marketing sectors.
Japan Energy Summit and Exhibition Hosts and Sponsors Demonstrate the Importance of Accelerating Decarbonisation
As the world grapples with the urgent need to transition to sustainable energy sources and reduce carbon emissions, international energy giants like JERA, Tokyo Gas, Kraken, ExxonMobil and more are stepping up to the challenge. They are spearheading efforts to overcome these global challenges through strategic collaborations and innovative projects that will be on the agenda at the Japan Energy Summit & Exhibition from 3-5 June 2024 at Tokyo Big Sight.
Pakistani Group To Partner With UAE Based NymCards For Fintech Expansion
Dellsons Associates (Pvt) Ltd, a Pakistan-based monetary consultancy company, will use its monetary expertise to expand the operations of the UAE-based fintech services company NymCards in Pakistan and the Middle East. Dellsons Associates has marked an strategic collaboration with NymCard, a main embedded finance arrangements supplier in MENAP. The contract was formally endorsed at the new Dubai Fintech Summit.
India's Two Wheeler Manufacturer TVS to Introduce EVs in Italy Original
TVS Motor Company Ltd announced on Wednesday that it has commenced operations in Italy, with plans to introduce a range of both conventional and electric scooters and motorcycles.
Nio Collaborates with BYD to Manufacture Batteries for its EVs
Nio, a Chinese electric vehicle manufacturer, has collaborated with its larger competitor, BYD, to procure batteries for a new electric vehicle brand, according to three sources familiar with the situation. This partnership represents a strategic shift for BYD, aiming to expand its revenue sources beyond its existing electric vehicle brand.
Lawrence Wong Sworn in as PM of Singapore
Lawrence Wong was sworn in as Singapore's new Prime Minister on Wednesday night, marking the country's first leadership transition in two decades. At 51 years old, Wong succeeds Lee Hsien Loong, who, at 72, will continue serving in the Cabinet as Senior Minister. In his first Cabinet lineup announced on Monday, Wong emphasized continuity and stability by appointing seasoned politician Gan Kim Yong as Deputy Prime Minister.
Elevating Satisfaction Amid Turbulence with Business Acumen and Intelligence
In an exclusive interview with Asia Business Outlook, Sanjiv Chatterjee, Global Head of Manufacturing, LIPTON Teas and Infusions, enunciates the vulnerabilities associated with the traditional supply chain and gives pointers on how businesses can be better equipped to handle crises, which can be global or regional. Sanjiv Chatterjee brings over 35 years of experience in supply chain management, having held diverse leadership roles across various functions.
The Impact of Integrated Customer Experience Strategy in the Insurance Sector
In an exclusive interview with Asia Business Outlook, Shashi Kant Dahuja – Executive Director & Chief Underwriting Officer at Shriram General Insurance, shares his views on the strategies to fulfill industry needs, how businesses address catastrophe claims management, measures to safeguard data from breaches and more. He has over 13 years of rich & extensive experience in Marketing, Underwriting, Recruitment, Training and Opening of New Offices at Different Locations.
The Role of Image Consulting in Professional Success
The Asian market is experiencing a drastic transformation in professional success, and the requirement for image consulting has risen. Companies spend a significant amount of their budget on image consulting services to ensure their brand is always presented in the best possible way, predominantly the higher officials. They are the personalities representing the organization and interacting with the bigger audience or the niche segment.
Unlocking the Potential of Decentralized Applications in Blockchain Development
William Mougayar, Executive Chairman of the Kin Foundation once said "The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression."Indeed, blockchain technology has came a long way since then and has sparked a wave of innovation and disruption among an extensive variety of industries.
Chinese Authorities to Reduce Stamp Duty on Domestic Stock Trading by 50%
Based on three people with knowledge of the matter, Chinese authorities are planning to cut the stamp duty on domestic stock trading by up to 50% in an effort to revitalise the country's struggling stock market. Chinese regulators, including the Ministry of Finance, submitted a draught proposal to the cabinet earlier this month, according to two of the people, adding that a decision could be made and announced as soon as Friday.
HSBC Global Looking to ASEAN Region for Growth
HSBC Global Private Banking is leveraging its international connectivity and investment expertise to meet the increasingly sophisticated and international needs of its high-net-worth clients in Thailand. Given the Western economic slowdown, Asia and ASEAN, according to the company, offer high-growth potential and opportunities for businesses to expand in the region.
CtrlS and NT Form Strategic Partnership for Thailand's Upcoming Datacenter Campus
CtrlS Datacenters Ltd, Asia's largest Rated-4 Datacenter (DC) operator, is collaborating with National Telecom Public Company (NT), a telecom provider who has the most extensive international communication networks and the most submarine cables landing in Thailand, for its upcoming 150-MW datacenter campus at the Eastern Economic Corridor (EEC) in Chonburi, Thailand.
Saudi Arabia, South Korea and Singapore Approach India Seeking Space Collaborations
Following the successful landing of Chandrayaan-3's lander module on Aug 23, at least three countries — Saudi Arabia, South Korea, and Singapore — have approached India for possible space collaborations. Saudi Arabia appeared eager to move quickly in the area, with the issue expected to be discussed on the sidelines of the G20 leaders' meeting in the capital, according to government officials.
ASEAN to Commence Talks Pertaining to Digital Economy
The 55th Association of Southeast Asian Nations (ASEAN) Economic Ministers (AEM) meeting, held recently in Semarang, Indonesia, included a regional digital economy pact on the agenda. The meeting agreed to conduct research on the ASEAN Digital Economy Framework Agreement (DEFA). According to an ASEAN joint statement, it will pave the way for members to begin negotiating the pact.
Bilateral Trade Between India and Taiwan Reaches $8.45 Billion, sees 9.8% increase from 2021
In the business world, India and Taiwan are developing stronger ties. According to Taiwan's official data, India is the country's 17th largest trading partner and 14th largest export destination.
Amazon in talks with Disney over ESPN Stake Acquisition
The Information reported on August 24 that Amazon.com is in early talks with Walt Disney Co. about working on the streaming version of ESPN that it is developing and possibly taking a minority stake in the sports network. According to the report, Disney and ESPN are still deciding on an appropriate price for the new service. ESPN is considering charging between $20 and $35 per month for the new streaming service, making it the most expensive streaming service in the United States.
Meta Announces Launch of Code Lama, AI Model Assist in Writing Computer Code
On August 24, Meta Platforms announced the release of an artificial intelligence (AI) model designed to aid in the writing of computer code, furthering its push into the new technology. Code Llama, which will be available for free, can write code based on human text prompts and can also be used for code completion and debugging, according to a blog post by the social media giant.
UK and India to Conclude Bilateral Trade Talks Pertaining Immigration
On Aug 25, India and the United Kingdom said they are working towards the "early conclusion" of a bilateral trade agreement that will include people mobility for business purposes, but they refused to set a deadline. "Visas and visa liberalisation are not covered by the free trade agreement." It's an immigration issue that our home office handles, and we use a points-based system. What I look at is business, and business mobility is incorporated into the trade framework.
68% of CIOs in India do not Prefer Build Strategy Approach for Banking Platforms, shows New Studies
Backbase, the global leader in Engagement Banking, announced the publication of an APAC-focused IDC Infobrief titled "Accelerating Customer-Centric Transformation by Balancing Build and Buy - A Collaborative Approach Towards Sustainable Digital Banking Architecture." ,On Aug 25. This in-depth report offers a regional perspective on digital transformation by drawing insights from 125 banks and 316 CIOs in APAC, including the Indian market.
China Central Bank Asks Domestic Banks to Regulate Outward Investments by Bond Connect Scheme
Based on two sources with direct knowledge of the matter, China's central bank has asked some domestic banks to reduce their outward investments through the Bond Connect scheme, adding to a slew of recent measures aimed at supporting the Chinese yuan. According to the sources, the People's Bank of China (PBOC) window guidance appears to be aimed at containing yuan flows into Hong Kong and limiting yuan supply in offshore markets.
China Central Bank Stabilises Yuan by Tightening Liquidity
According to a former central banker, increased yuan bill sales by China's central bank in Hong Kong this week helped tighten liquidity in the offshore market, helping to stabilise the yuan by making it more expensive for speculators to short the currency. Sheng Songcheng, a former director of the People's Bank of China's (PBOC) statistics and analysis department, made the remarks, according to the state-owned Shanghai Securities News on August 24.
Binance Labs to Invest in Pendle Finance, seeks Expansion in Blockchain Ecosystems
Binance Labs, the company's venture capital and incubation arm, has invested in Pendle Finance, a DeFi protocol that enables yield tokenization and trading.
Maintaining Standards Amidst Market Changes: How Executives Handle Supply Chain Disruptions
In conversation with Prisila, a correspondent at Asia Business Outlook Magazine, Sanjiiv discusses strategies employed by business executives to guarantee suppliers' adherence to quality and compliance benchmarks, along with their approaches to managing supply chain disturbances arising from shifts in sourcing markets. Sanjiv Chatterjee has had a 35-year career in the tea industry, starting as a tea taster and buyer before moving on to various roles in Lipton, BBLIL, and Hindustan Unilever Ltd.
Blackstone China Unit Receives nod to Raise Funds for Overseas Investments
Blackstone's newly formed China unit has received regulatory approval to raise funds for overseas investment, joining other global asset managers in attempting to capitalise on Chinese investor demand for foreign assets. According to a notice from the regulator, Blackstone registered a fund management unit with the Asset Management Association of China under the qualified domestic limited partnership (QDLP) programme.
Kuala Lumpur Kepong to Buy Stake in Boustead Plantations
Malaysian palm oil firm Kuala Lumpur Kepong is buying a stake in smaller peer Boustead Plantations from conglomerate Boustead Holdings, according to local media The Edge and New Straits Times on August 24. Boustead Plantations shares, worth $3 billion ringgit ($646.27 million), were suspended from trading on Thursday pending an announcement.
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