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Toyota to increase production capacity in China by 20%

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 Insights

17-Aug-18 Toyota will build additional capacity at its plant in Guangzhou, China, by 24 percent or 120,000 vehicles a year, in addition to increasing production in Tianjin by the same volume. The additional capacity is partly for electric vehicles. [image: Reuters / Aly Song]

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Korea's Hanwha vows to invest USD19.5 bn

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13-Aug-18 Hanwha will earmark USD19.5 bn for investments and hire 35,000 workers in its largest-ever growth plan. Korean chaebol (conglomerates) Samsung, Hyundai, SK, LG and others have made similar announcements recently in response to government appeals to help the economy. [image: Business Korea]

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Singapore's Sengkang General Hospital to open

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12-Aug-18 Singapore’s biggest new hospital with 1,000 beds opened on 18-Aug-18. Sengkang General is one of a new batch of public general hospitals, following a bed-crunch in 2013-14 when patients had to be housed in corridors and converted carparks. [image: Alphonsus Chern / ST Photo]

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Walmart, JD.com invest USD500 mn in Chinese logistics

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09-Aug-18 Logistics services company Dada-JD Daojia has raised USD500 mn from existing backers JD.com and Walmart to quicken the growth of its delivery network across China. Walmart has been pushing to integrate its retail network in China. [image: South China Morning Post]

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