Asian conglomerates buck global trend as they maintain a thriving presence

Article Abstract:

Many experts view large conglomerates as outmoded and ill-suited for the modern business environment. However, this is not the perception in Asia, where large conglomerates still hold sway. Analysts believe that this difference is due to several factors. In Asia, conglomerates have been an effective and relatively secure tool for cashing in on economic growth. Moreover, Asian conglomerates operate in a different cycle as compared to their Western counterparts.

Conglomerate corporations, Asia

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Fortune races against time to build network of gas stations in China before rivals arrive

Article Abstract:

Hong Kong-based Fortune Oil PLC (Fortune) has launched an ambitious drive to establish the first extensive gasoline station network in China. Fortune hopes to have such a network in place before the Chinese government opens its market to oil giants such as Exxon Corp. and the Royal Dutch/Shell Group. The Chinese gasoline market has enormous potential, growing by some 7%-8% annually.

Gasoline Stations, Gasoline service stations, China, Service stations (Automotive), Petroleum industry, Gasoline industry, Service stations (Motor vehicles), Fortune Oil PLC

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