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Business Figures
November 2008
Early death Zhang Sheng Yu, 39, has become the latest of Chinese listed company CEOs to suffer an early death. The head of the venerable pharmacy chain Tong Reng Tang, listed in Shanghai, died of a sudden heart attack on July 22.
Loan shark days The credit crunch has hit China so badly that some smaller companies and individuals are borrowing money at 600% per month, according to local media.
INSTANT NOODLES
Sun, 02/01/2009 - 16:14 — Carmela MendozaEverything on instant noodles in theasiamag.com's Cheat Sheets.
Why building skyscrapers on expensive land is not always wise
“Go into land, they stopped making it,” Mark Twain was said to have told a friend who had inherited some money. In San Francisco in the 1860s, there was plenty of unused land. But Twain was not asking his friend to buy just any plot. His advice was to focus on property near the city centre. The great author knew it was in the nature of humans to congregate. The more a location is popular, the more it is likely to become even more popular, and the higher its price is likely to rise.
The Cantillon effect explains property prices
Everyone knows the property market runs in cycles. Not many, however, know that it was an obscure Irishman called Richard Cantillon (1680-1734) who laid the theoretical groundwork to explain why prices of property and other assets move in cyclical patterns.
Don't tell the Japanese instant noodles is really Chinese!
In 2000, the Japanese public voted instant noodles as the most important food invented in the 20th century. Little do they know that it was invented by a Chinese.
It is on record that Momofuku Ando (above) of Osaka, the founder of the giant food concern Nissin Food Products, invented instant noodles in 1958. What is almost never mentioned is that Ando, now 98, was born a Chinese named Wu Bai-fu.
Blood money (Part 1 of 2)
With his investment in 3G technology bleeding red ink, Li Ka-shing makes sure he pays his lieutenants well to keep it afloat.
Is it better to work for a boss who's doing well or one who's in trouble? When it comes to Li Ka-shing, it is definitely the latter.
Blood Money (Part 2 of 2)
So Li ploughed on, putting more and more of Hutchinson's money into the venture. As of end-2007, Hutchinson had invested around US$25 billion in it, and not got a single cent in return.
August 2008
Empty space Demand for prime office space in Japan has shown signs of waning as foreign financial institutions hold back expansion plans in the face of the fallout from the subprime crisis.
Video game winner Almost written off two years ago, Nintendo has captured the top spot in Japan for "Innovation in Responding to Customer Needs" with its Wii in the Wall Street Journal Asia’s latest Asia 200 survey of readers.
July 2008
Japanese annual inflation hit 1.2% in March, the highest in a decade. This helped trigger a huge sell-off in yen bonds in late April after the figures were released.
Investors feared Japan had little immunity from price increases and its central bank might be forced to raise rates, despite a weak economy.
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