Business Nov 15, 2019

Major Japan firms to pay record winter bonuses for second year

Major companies in Japan are set to pay record-high winter bonuses for the second straight year, the Japan Business Federation, or Keidanren, said Thursday. Bonuses agreed in labor-management wage negotiations for this winter averaged ¥964,543, showing a rise of 1.49 percent from the previous year's ...

Sumitomo to invest in Taiwan's top electric bus-maker

Business / Corporate Nov 13, 2019

Sumitomo to invest in Taiwan's top electric bus-maker

Trading house Sumitomo Corp. will spend some ¥500 million ($4.5 million) by February 2020 to acquire a 6.7 percent stake in Taiwan's top electric bus-maker, RAC Electric Vehicles Inc. The two will seek to capitalize on the Taiwan government's plan to replace 15,000 conventional buses ...