Business Sep 30, 2018

Price hikes in second half to raise burden on Japanese households

Households will face greater financial burdens from Monday, the start of the fiscal second half, when prices for a variety of products and services ranging from cigarettes, wheat and cram school fees go up. Tobacco makers will raise prices for their products in line with ...

Japan Tobacco to buy Bangladesh firm for $1.5 billion

Business / Corporate Aug 7, 2018

Japan Tobacco to buy Bangladesh firm for $1.5 billion

Japan Tobacco Inc. has agreed to buy a Bangladeshi cigarette manufacturer for 124.3 billion taka ($1.5 billion), taking its acquisition strategy to one of Asia's fastest-growing economies. The Tokyo-based company is acquiring the tobacco business of Akij Group, the second-largest tobacco company in Bangladesh, Japan ...