investing business news – Sanggraloka Wisata Nusantara

Shiseido Revamps China and Travel Retail Operations: Major Restructuring Announced

by admin | Apr 2, 2025 | business, commerce, investing business news, investing company news, news

This is anticipated to assist the brand in serving Chinese consumers more effectively.

Shiseido
Has introduced alterations to its organizational and leadership framework for its operations in China and travel retail sector, as part of their “Action Plan 2025-2026.”

The firm intends to reinforce the brand base, restore profit margins, and improve operational management to foster enduring expansion amidst fluctuating market environments.

The new structure will help Shiseido better serve Chinese consumers, improve business synergies, and focus on high-quality growth and cost efficiency. These changes are designed to ensure long-term profitability and agility in response to market fluctuations.

As of March 31st, Toshinobu Umetsu, who is presently serving as the corporate executive officer and CEO for the China region, will additionally take on the role of corporate executive officer and CEO for both the China and Travel Retail regions.

Philippe Lesné, who currently serves as the CEO of the Travel Retail Region, will be retiring effective from March 31st.

Industry Leaders Unite: Top Risk Management Strategies Revealed

by admin | Apr 2, 2025 | business, business & finance, investing business news, investing news, news

In April, Kreston Pedaborisk will hold a breakfast seminar to explore how Enterprise Risk Management can enhance business resilience amidst economic and regulatory instabilities, as stated by the company on Monday.

The seminar titled “Enhancing Corporate Resilience: Incorporating Enterprise Risk Management for Long-term Development” will gather regulators, industry specialists, and corporate leaders for stability discussions.

Nosa Ogebebor, a partner at Kreston Pedabo, stressed the importance of companies transitioning from seeing Enterprise Risk Management merely as a regulatory obligation to embracing it as an integral part of their strategic planning.

He observed that although regulatory institutions like the Central Bank of Nigeria and the Securities and Exchange Commission have advocated for more robust risk management systems, numerous companies—including many small and medium-sized businesses—are still without organized methods because of scarce knowledge and experience.

Ogebebor highlighted regulatory uncertainties, economic fluctuations, and escalating cybersecurity threats as major concerns for Nigerian enterprises.

Nevertheless, he pointed out that progress in technology along with an increasing emphasis on corporate governance offer businesses the chance to enhance their risk management structures.

The consequences of inadequate or absent ERM strategies can be significant, putting companies at risk for financial setbacks, legal fines, and harm to their reputation,” he emphasized, underscoring that taking preemptive action in managing risks is much more economical than addressing them once they become crises.

He emphasized that adhering to international benchmarks like the COSO ERM Framework, ISO 31000, and guidelines from the Financial Action Task Force is crucial for Nigerian enterprises aiming to boost governance practices, draw in overseas investments, and strengthen regulatory adherence.

The seminar will include prominent speakers such as regulators and professionals from the industry, who will provide their perspectives on implementing Enterprise Risk Management in different fields.

The discussions will address how Enterprise Risk Management (ERM) contributes to business resilience, explore effective approaches in managing risks and ensuring good corporate governance, examine the influence of cybersecurity threats on ERM, and present case studies showcasing firms that have effectively incorporated ERM tactics into their operations.

Ogebebor viewed the event as a crucial step, considering the changing economic environment in Nigeria.

He observed that by gathering regulators, industry leaders, and risk management specialists, the seminar intends to promote a proactive risk culture amongst businesses in Nigeria.

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JG Summit 2024 Profits Soar to Record High of ₱22 Billion

by admin | Mar 28, 2025 | business, economics, investing, investing business news, money

MANILA, Philippines – The net income of JG Summit Holdings Inc., led by the Gokongwei family, climbed by 10% to reach PHP 22 billion in 2024 due to profits from selling their bank subsidiary, compensating for challenges faced by its aviation division.

Core net income, encompassing one-time profits, jumped by 29 percent to reach P24.9 billion.

On Thursday, in an official paperwork submission, the large corporation reported that their earnings concluded at PHP 379.7 billion, marking an increase of 11%.

Based on information from JG Summit, their earnings were boosted by a P7.9 billion profit resulting from the merger between Robinsons Bank and Ayala Corporation-controlled Bank of the Philippine Islands (BPI), which became the surviving entity post-merger. Shareholders of Robinsons Bank still maintain a 6% ownership interest in BPI.

READ:
Philippine competition authority approves BPI-Robinsons Bank merger

“Despite having varied outcomes from our various divisions and ventures, we managed to steer through 2024 successfully,” stated Lance Gokongwei, President and CEO of JG Summit, in an official statement.

Despite an increase in passenger numbers, Cebu Pacific concluded 2024 with a 32 percent decrease in net income due to expenses associated with expanding their aircraft fleet.

As stated separately, the airline disclosed that its net profit dropped to P5.4 billion in the previous year from P7.9 billion recorded in 2023.

The top line increased by 16 percent to reach ₱104.9 billion, with passenger revenue alone rising by 14 percent to hit ₱71.3 billion.

Additional businesses contributed P28 billion, an increase of 16 percent. In contrast, cargo revenues jumped 39 percent to reach P5.6 billion.

Regarding passenger traffic, the volume increased by 18 percent to reach 24.5 million.

The low-cost carrier dominated most of the domestic network with a 54.1 percent share. In terms of the international market, it claimed a 20.6 percent stake.

However, with the launch of new routes, Cebu Pacific was compelled to acquire extra airplanes and backup engines, which put pressure on their profits. The company currently operates 98 aircraft following the addition of 17 planes in the previous year.

The leasing of aircraft and engines totaled P900 million. Charges related to airports, including landing and takeoff fees, along with ground handling costs, added up to P11.37 billion.

Gokongwei was hoping that 2025 would tell a different tale.

“As we enter 2025, our main focus will be to boost the total revenue growth across all our business units due to the anticipated upturn in consumer confidence with the decline in inflation,” he noted.

At snack manufacturer Universal Robina Corp., earnings climbed to P161.9 billion, marking a 3% increase thanks to improvements in their overseas operations.

The real estate sector of Robinsons Land Corporation showed a 3% growth in revenue, reaching ₱40.1 billion. Meanwhile, JG Summit Olefins Corp., which operates in the petrochemical industry, experienced a significant surge of 33%, with revenues climbing to ₱50.4 billion.

Japan Delegation Meets PM Modi, Expressing Enthusiasm for Major Investments in India

by admin | Mar 27, 2025 | business, investing, investing business news, investing company news, news

New Delhi [India], March 27 (ANI): As a notable advancement, leading CEOs from
Japan
Met with Prime Minister Narendra Modi in Delhi today, marking the beginning of enhanced collaboration between the two countries.

The gathering was characterized by an optimistic and enthusiastic atmosphere, with the
Japan
These business leaders have shown their enthusiasm for investing in India and strengthening relationships.

Suntory Holdings Ltd CEO Takeshi Niinami expressed enthusiastic approval for the developments in India.
Japan
The relationship was described as “flourishing greatly,” indicating significant potential and presenting a “substantial prospect.”
Japan
ese investment.

He saw India as a center for marketing domestically produced goods to international markets, underscoring significant opportunities for partnership.

He said, “India and
Japan
The relationship is flourishing significantly. There is substantial potential available.
Japan
Upon arriving here, I realize there’s significant potential for us to collaborate in investing in India. We could work together to establish it as a center for promoting locally made Indian products to international markets.

The chairman of Unison Capital, Kawasaki Tatsuo, expressed his appreciation.
PM Modi
‘ initiatives in establishing a consistent policy structure and enhancing relationships between
Japan
and India.

He conveyed his thanks for the Prime Minister’s guidance and highlighted that
Japan
The combination of ‘s industrial infrastructure, along with India’s expertise and willingness, might result in fruitful partnerships.

Tatsuo firmly stated that the Indian market offered extensive possibilities for expansion and progress.

He stated, “Primarily, the stability he (
PM Modi
) has contributed to implementing various policy measures and establishing a robust pathway for
Japan
And India has been immensely supportive, and we are deeply thankful for that.
Japan
Has possessed a strong industrial foundation. Therefore, along with the expertise and willingness, I am confident that solutions can be found to ensure success. Looking ahead, the market potential is substantial here in India.”

The vice president of NEC Corporation, Tanaka Shigehiro, mentioned that the group discussed the potential for the ongoing stability of India’s economic situation in the coming years.

He stated, “Numerous discussions have centered around the stability of the Indian economy, along with its promising prospects and potential for future growth. We conveyed our high expectations regarding what India can achieve.”
PM Modi
has articulated his vision and expectations very clearly and explicitly
Japan
ese industries to invest more and come into India.”

Junichiro Miyagawa, CEO of All Nippon Airways Trading Ltd, expressed great delight over
PM Modi
‘s emphasis on the importance of air transportation.

He voiced his optimism about India playing a role in strengthening the connections between the two nations, fostering increased interaction and encouragement.
Japan
These tourists are encouraged to visit India.

He stated, “I was extremely pleased about that.”
PM Modi
highlighted the significance of air transport…India will contribute to strengthening the connectivity network within India
Japan
to boost greater traffic. We aim for an increasing number of visitors.
Japan
These individuals are traveling to India…

Maeda Tadashi, Chairperson of JBIC,
Japan
The Bank for International Cooperation) emphasized the main areas of discussion from the meeting, which encompassed recycling, nuclear power, hydrogen, ammonia, aerospace, and food processing.

He revealed that
PM Modi
had conveyed a firm wish to extend a warm reception
Japan
This investment underscores India’s dedication to nurturing a conducive business climate.

He stated, “We extensively outlined the key areas such as recycling along with nuclear, hydrogen, ammonia — numerous major sectors. Additionally, we covered aerospace and food processing among others.” I garnered significant inspiration from this.
PM Modi
to welcome
Japan
ese investment.”

Prime Minister Narendra Modi welcomed a prominent delegation.
Keizai Doyukai
(
Japan
Led by Takeshi Niinami, who serves as the chairperson of the Association of Corporate Executives,
Keizai Doyukai
, along with 20 other business delegates to listen to their perspectives and insights aimed at enhancing economic collaboration between India and
Japan
On Thursday, at 7 Lok Kalyan Marg, the Prime Minister’s Office issued a statement.

The meeting between the
Japan
ese CEOs and
PM Modi
signifies a major landmark in the relationship between India and
Japan
This relationship paves the way for enhanced economic collaboration, investments, and cultural exchanges between the two countries. (ANI)

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SAP Overtakes Novo Nordisk: Now Europe’s Most Valuable Company

by admin | Mar 25, 2025 | business, europe, investing business news, investing company news, investors

The German technology behemoth SAP SE has climbed to the top as Europe’s largest publicly traded company, overtaking the market valuation of the Danish pharmaceutical firm Novo Nordisk.

The global software firm headquartered in Walldorf, Baden-Württemberg, experienced an increase of over 1% in its stock price during early trading in Frankfurt. This boosted the company’s value, which had already surged by 40% in the last year, bringing its market capitalization close to approximately €312 billion.

“The present advancements in the stock market highlight the significant part played by tech firms in maintaining Europe’s competitiveness globally,” said an SAP representative to SANGGRALOKABusiness. “Our ongoing investments in cloud services, artificial intelligence, and innovation demonstrate SAP’s dedication to fostering digital transformation and sustainable expansion for enterprises across the world.”

At the same time, the drugmaker’s stock price in Copenhagen dropped over 2%, pushing the firm’s market capitalization slightly above 2.3 trillion Danish kroner (€309 billion). Despite announcing a 25% rise in revenues for 2024, the company’s share prices have plummeted nearly by half compared to last year’s levels.

Novo Nordisk gained prominence primarily because of its weight-loss medication, Wegovy, which drove the company’s stock prices upward until last summer when they reached approximately 1,000 Danish krone (€134). This was nearly twice their current value of 516 Danish krone.

However, the most recent updates regarding the findings of the company’s upcoming weight loss medication, CagriSema, seem discouraging since they did not demonstrate better outcomes than current treatments.

The doubt pulled down the stock price, which had already declined by approximately 16% this year.

In the meantime, the German technology firm won over its investors by adopting a strategy centered around subscription-based cloud services enhanced with advanced AI capabilities, projecting substantial increases in revenue.

JPMorgan recently stated that an “appealing buying chance has presented itself” regarding the SAP shares, noting that the investment firm’s analysts maintained their “Overweight” recommendation for the company’s stock along with setting a €300 price target.

Chile’s President Boric Set for India Visit: Trade and Investment in Focus

by admin | Mar 24, 2025 | foreign policy, international relations, investing business news, politics, politics and government

Santiago [
Chile
], March 25 (ANI):
Chile
an President
Gabriel Boric
The font will undertake a state visit.
India
From March 30 to April 6, signifying the first visit by a
Chile
a head of state to the nation after 16 years. The visit is intended to bolster political and economic relations, with special focus on
trade
diversification and
investment
partnership with the planet’s fifth-biggest economy, as announced in an official statement by the Government
Chile
reported.

President Boric will be joined by an official delegation consisting of government officials, lawmakers, and representatives from various sectors.
business
, education, culture, and agriculture
business
The tour will include visits to New Delhi, Mumbai, and Bangalore, with discussions and accords centered around these locations.
investment
,
technology
transfer, and economic cooperation.

On reaching New Delhi on April 1st, the
Chile
A president will conduct meetings.
India
including Prime Minister Narendra Modi and President Droupadi Murmu. An important aspect of the trip will involve
business
forum with participants from both countries, focused on enhancing
trade
and
investment
The conversations aim to strengthen economic ties and encouragepromotion
Chile
as a key
trade
collaborate with them and discover new realms of partnership opportunities
business
and
innovation
.

In Mumbai, President Boric will head commercial activities, which include a high-level session with executives from
India
n and
Chile
in the agri-food industry. Furthermore, he will be participating in ” Shoot in
Chile
“an effort aimed at positioning
Chile
as an ideal spot for global movie shoots.

The concluding part of the visit will be held in Bangalore, where the President is scheduled to participate in the Innovation Summit on April 4. This event aims to enhance interactions in various sectors.
technology
and
innovation
, leveraging
India
The President and his group will discuss ways to enhance collaboration in these areas. They aim to promote coordination through conversations during their visit.
Chile
an and
India
Entrepreneurs in new sectors will also be part of this discussion. Boric plans to arrive back in Santiago on April 6.

The
Chile
A delegation will feature prominent ministers including Foreign Affairs Minister Alberto van Klaveren, Finance Minister Mario Marcel, Agriculture Minister Esteban Valenzuela, Mining Minister Aurora Williams, Women and Gender Equality Minister Antonia Orellana, and Culture, Arts, and Heritage Minister Carolina Arredondo. Additionally, according to the press statement, Undersecretaries for International Economic Relations Claudia Sanhueza and Economy Javiera Petersen will join the group.

Included among the high-ranking officials participating in the visit are José Miguel Benavente, who serves as the Executive Director of Corfo, and Karla Flores, acting as the Director of Investments.
Chile
; Maximo Pacheco, who serves as the President of Codelco; Daniel Hojman,President of BancoEstado; Ignacio Fernandez, serving as the Director of Proyecto
Chile
; and Pablo Zamora, who serves as the President of Fundacion
Chile
.

A bipartisan group of parliamentarians will join the trip, featuring Senate President Jose Garcia Ruminot alongside Senators Alejandra Sepulveda, Loreto Carvajal, and Luciano Cruz-Coke. Additionally participating are Representatives Gael Yeomans, Jorge Alessandri, Raul Leiva, and Victor Pino.

The
business
The delegation will include prominent figures from various industries like Rosario Navarro, president of SOFOFA; Vicente Astorga, head of the National Chamber of Laboratories; Álvaro Ananías, leader of the Biobío Chamber of Production and Commerce; Fernando Corteza, general manager of the Antofagasta Industrial Society; and Jorge Guerrero, who leads the presidency of the
Chile
an-
India
n Chamber of Commerce.

In the cultural realm, the delegation will consist of Alexandra Galvis, who serves as the Vice President of the Association of Film and Television Producers, along with Paula Ossandon, the Director of the
Chile
a Documentary Corporation; Rodrigo Terreros, who leads the Atacama Film Commission; and Jennifer Mayani,
Chile
an-
India
An actress who has worked in Bollywood.

The educational sector will be represented by Marcelo Pacheco from the Fenix Robotics team at Abdon Cifuentes Comprehensive High School, Antonio Briones from Emilia Lascar Elementary School, and Dorotea Lopez, who directs the Institute of International Studies at the University of.
Chile
, and Elisa Marzuca, who founded the Padma Yoga School. Joining them will be Susana Urrutia, a surgeon specializing in Ayurvedic medicine, and Roxana Nahuelcura, who teaches biology at Liceo 1 Javiera Carrera.

Participants from the agri-food industry will feature Juan Esteban Rodriguez, who serves as the President of
Chile
almonds; Antonio Walker, President of the National Agricultural Society; Ivan Marambio, President of Frutas de
Chile
; Froilan Flores, President of the Confederation of Free Markets (ASOF); Angelica Valenzuela, Commercial Director at Vinos de
Chile
; Juan Carlos Dominguez, who serves as the President
Chile
Beef; and Margarita Cuellar, General Secretary of the Association of Cooperative Societies
Chile
.

In the
innovation
In this sector, attendees will consist of Daniel Dacarett, who serves as the Director of Emprende Tu Mente; Komal Dadlani, holding the position of CEO at Lab4U; Manuel Rozas, recognized both as the Chief Strategy Officer and founder of Kura Biotech; along with Sol Besprosvan, acting as the General Manager for Tata Consultancy Services.
Chile
; Constanza Levican, President of Climatetech; Christopher Schiess, Director of Business Expansion at The Ganesha Lab; Magdalena Guzman, Executive Director of the
Chile
A venture capital association; and Martin Andrighettti, an engineer renowned for his victory at the TCS Olympus in Mumbai. (ANI)

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