Sumitomo under fire over labor dispute and rights abuses at Philippines banana plantation
Two representatives from a Philippines labor union on Tuesday protested what they claim are unfair labor practices and human rights abuses at a banana plantation run by a fruit company affiliated with Sumitomo Corp. Speaking at a news conference in Tokyo, Paul John Dizon, president ...
Trading house Sumitomo to manage Japan-financed special economic zone near Dhaka
Major trading house Sumitomo Corp. will manage a special economic zone financed by Tokyo and expected to open near the Bangladesh capital, Dhaka, in early 2022, according to the Japan International Cooperation Agency (JICA), the government's development aid arm. Land reclamation for the economic zone ...
Former employee of trading house Sumitomo admits raping job-hunting student, say Tokyo police
The suspect is believed to have stolen the card key for the victim’s hotel room when he escorted her to the room, police said.
An overview of the major firms and agencies paring presence and payrolls in U.K. as Brexit looms
As Britain's March 29 departure from the European Union looms, several major companies and agencies have announced they are downsizing their operations in the U.K. or completely shipping out. A panorama: Carmaker Honda announced Tuesday it will close its plant in the southwestern English town ...
With new Kinto firm, Toyota gears up for more leasing as car ownership in Japan goes into reverse
Toyota Motor Corp. said Tuesday it has set up a new company with a Sumitomo Corp. affiliate to launch auto-leasing services to individual customers, in response to consumers who are shifting away from owning cars. The new company, Kinto Co., is capitalized at ¥1.8 billion. ...
Postman, shopper, builder: In Japan, there's a robot for that
Forget the flashy humanoids with their gymnastics skills: At the World Robot Summit in Tokyo, the focus was on robots that can deliver the mail, shop and build a house. One example was ZMP Inc.'s CarriRo Delivery, a robot shaped a bit like a toy ...
Some Japan trading houses eye resuming Iran oil imports: sources
Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said. Conservative Japanese firms have so far held off taking Iranian crude due to a lack of internationally acceptable ...
Death and inheritance taxes: Japan's financial advisory firms enter the delicate but bountiful fray
Elderly Japanese, among the world's richest retirees, are flocking to inheritance advisers, tackling historical taboos on discussing death and providing a rare avenue of growth for the country's brokerages and banks. Trillions of dollars parked in savings accounts are set to be released in the ...
Tokyo building boom causes debt fatigue as Sumitomo yields rise
Sumitomo Realty & Development Co. is forecasting a third-straight year of record operating income as "Abenomics," the name give to Prime Minister Shinzo Abe's economic policies, spurs a property market boom. That doesn't mean investors have unlimited appetite for its debt. The nation's third-largest developer ...
Sumitomo Mitsui overtakes Morgan Stanley as top yen-bond manager
Sumitomo Mitsui Financial Group Inc. is on track to be the biggest manager of yen-bond sales for the first time, suggesting its 2009 acquisition of Citigroup Inc.'s operations in the business is bearing fruit. Japan's second-largest bank managed ¥963.5 billion ($7.7 billion) in local currency-denominated ...
KDDI, Sumitomo ink deal with Myanmar telecom for mobile phone service
KDDI Corp. and Sumitomo Corp. signed an agreement Wednesday with the state-run Myanmar Posts and Telecommunications to jointly operate a mobile phone service in the Southeast Asian country. The partners plan to invest ¥200 billion over 10 years building up the telecom infrastructure in the ...
