logo
Jardine Matheson names first Chinese national as CEO

Jardine Matheson names first Chinese national as CEO

Nikkei Asia5 days ago

TOKYO -- Jardine Matheson Holdings, a British conglomerate with roots in Asia, has appointed its next CEO: Lincoln Pan, currently a partner and co-head of private equity at Hong Kong investment firm PAG.
A public relations representative confirmed to Nikkei Asia that Pan will be the first Chinese national to take the CEO post at Jardines, which has almost two centuries of history and began as an opium trader.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Over 1,800 people arrested in crack down on Asia-based scam operations
Over 1,800 people arrested in crack down on Asia-based scam operations

Japan Today

timean hour ago

  • Japan Today

Over 1,800 people arrested in crack down on Asia-based scam operations

By KANIS LEUNG More than 1,800 people have been arrested in a joint operation across Asia targeting scam networks, police in Hong Kong said on Tuesday. The crack down involving authorities in six other jurisdictions successfully intercepted fraudulent funds involving about $20 million, Wong Chun-yue, chief superintendent of the city's police's commercial crime bureau, said. The scam networks were closed down during the operation jointly conducted by South Korea, Thailand, Singapore and neighboring Chinese gambling hub Macao, he said. The operation, which also involved authorities from Malaysia and the Maldives, targeted cases of online shopping and telephone scams, as well as investment and employment frauds. Nearly 33,000 accounts were frozen in the month to May 28, Wong said. Those arrested were aged between 14 and 81. In one case in March, a finance director in Singapore was scammed through deep-fake videos by someone who claimed to be the chief executive at a multinational corporation. The victim transferred $499,000 to Hong Kong, said Aileen Yap, assistant director of Singapore police's anti-scam command. Through cross-border cooperation, the money was recovered, she said. The victims of scams and online fraud often include not only those defrauded but also the workers used by scamming operations, with staff facing threats, violence and poor working conditions. A United Nations report in April found transnational organized crime groups in East and Southeast Asia are spreading their scam operations across the globe. For several years, scam compounds have proliferated in Southeast Asia, especially in border areas of Cambodia, Laos and Myanmar, as well as in the Philippines, shifting operations from site to site to stay a step ahead of the police, according to the report issued by the U.N. Office on Drugs and Crime. The scam centers in Myanmar, Cambodia and Laos are notorious for luring people to work in them under false pretences. Staff are often forced to financially exploit people around the world through false romances, bogus investment pitches and illegal gambling schemes. Many workers find themselves trapped in virtual slavery. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Chinese Premier Urges Japan to Stand against Trump Tariffs

time8 hours ago

Chinese Premier Urges Japan to Stand against Trump Tariffs

News from Japan World Jun 3, 2025 23:11 (JST) Beijing, June 3 (Jiji Press)--Chinese Premier Li Qiang on Tuesday urged Japan to deepen cooperation with China to stand against high U.S. tariffs. In a meeting in Beijing with a delegation from the Japanese Association for the Promotion of International Trade, Li said that the tariffs imposed by U.S. President Donald Trump's administration are a defiant challenge to nations around the world. According to sources with access to discussions at the meeting, Li said that the recent agreement between the United States and China to reduce their tariffs was based on the Chinese side's views. He also voiced hopes for expansion of Japanese companies' investments in China. Former House of Representatives Speaker Yohei Kono, who heads the delegation, said he is concerned that Japan-China relations may be rocked by outside influences. [Copyright The Jiji Press, Ltd.] Jiji Press

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store