GIC-backed Li Ning warns of big loss, takes knife to inventory woes
Reuters- Dec 17, 2012 Sportswear firm Li Ning Co Ltd warned it will post a substantial 2012 loss as it racks up as much as $288 million in expenses under a plan to buy back inventory from distributors, one of the thorniest problems facing retailers in China. China's economic slowdown has resulted in inflated stock levels and...
SDP: Workers’ rights forum expose labour policy faultlines
Political party and civil society representatives shared a platform on Sunday to address a forum on the security implications of the government’s labour policy. Addressing an audience of mostly newcomers to the debate, panel speakers SDP’s Vincent Wijeysingha, analyst Leong Sze Hian, Maruah president Braema Mathi and NSP...
Philippine: Reject Chinese with controversial passports
Asia Views- 28 November 2012 Sen Miriam Defensor Santiago called on Philippine authorities to bar from entering the Philippines Chinese citizens carrying passports with a map including disputed territories in the South China Sea (West Philippine Sea). The Philippines has issued a verbal note to protest the move. On Wednesday,...
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