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Japan’s Aeon exits Thai retail to chase Vietnam’s booming middle class
The decision by Japanese retailer Aeon to sell its MaxValu minimart chain in Thailand is the latest example of the tight grip domestic conglomerates hold over Thai consumers, retail experts say. Yet the move also hints at the shifting economic fortunes of neighbouring Vietnam, where major Asian retailers including Aeon are competing aggressively for market share among a rapidly expanding middle class. On September 30, MaxValu, a store beloved by many Thais for its affordability and varied...
Ex-Deloitte IT manager jailed for 22 months over HK$1.2 million laptop theft
Ex-Deloitte IT manager jailed for 22 months over HK$1.2 million laptop theft Ho Man-kit, 40, earlier pleaded guilty to selling 423 company laptops to recycler to fund stock trading A former Deloitte information technology manager has been jailed for 22 months for stealing 423 laptops worth HK$1.2 million (US$153,000) from the accounting firm’s Hong Kong office to fund his stock trading addiction. The District Court sentenced Ho Man-kit, 40, on Friday after he pleaded guilty earlier this...
Ex-minister threatens legal action over 'slanderous' comments
Former NSW police minister David Elliott threatens legal action against 'slanderous' comments In short: ICAC heard from ex-police minister David Elliott on Friday, who said he believed fugitive property developer, Jean Nassif, influenced his removal in 2021. Mr Elliott also said Mr Nassif had confronted him twice, and had left a message on his phone threatening to "get" him. Outside court, Mr Elliott said he wa considering legal action against those he believed "need to be pursued".
Man gets jail, caning for abusing 6-year-old boy for 18 hours
Man gets jail, caning for abusing 6-year-old boy for 18 hours The 31-year-old man beat his youngest victim with a hanger more than 600 times, forced him to hold a push-up position for hours and made him sleep in the toilet and drink his own urine. SINGAPORE: A man was sentenced to nine years and 10 months' jail, and eight strokes of the cane on Friday (Aug 21) for abusing multiple young boys who were under his care. The man beat his youngest victim – a six-year-old boy – with a hanger more...