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TNT acquires Rey Nambatac from Blackwater Bossing

TNT has bolstered its backcourt with the acquisition of Rey Benedict Nambatac from Blackwater.

The Tropang Giga got the rights to Mr. Nambatac on Tuesday in exchange for guard Kib Montalbo, big man Jewel Ponferada and TNT’s Season 53 second round draft pick.

Mr. Nambatac joined TNT after one conference with the Bossing, whom he joined from his first team Rain or Shine in a swap late in Season 48.

The 5-foot-11 standout from Letran averaged 11.1 points, 2.8 rebounds, 4.4 assists, and 1.0 steal in 11 appearances for Blackwater in the PBA Philippine Cup.

With “Sting Rey” on board, he infuses firepower and fresh legs into the TNT guard line headed by veterans Jayson Castro, Ryan Reyes and Brian Heruela and offers additional scoring threat after top guns Calvin Oftana and RR Pogoy.

The Tropang Giga are out to regain their winning ways after failing to get past the quarterfinals of the Commissioner’s Cup and the All-Filipino last season. They last lifted the trophy in the Season 47 Governors’ Cup. — Olmin Leyba

Alcaraz, Sinner and Gauff open Wimbledon campaigns in style; injury rules out Sabalenka

LONDON — For the last 50 weeks, Carlos Alcaraz knew the exact date and time he would walk back on Centre Court to open the defence of his Wimbledon title and the Spaniard kept his goosebumps in check on Monday to book his place in the second round.

While injury woes have plagued many of the players who have also hoisted the Challenge Cup in recent years — with question marks over the participation of Novak Djokovic and Andy Murray — Mr. Alcaraz showed he was fighting fit despite a less than ideal build-up to the grasscourt major.

The third seed, who admitted he even gets nervous practising on the spiritual home of grasscourt tennis, beat fellow 21-year-old, Estonian qualifier Mark Lajal, 7-6(3) 7-5 6-2 on an overcast day in southwest London.

World number one and top seed Jannik Sinner suffered a mid-match injury scare after a slip and was briefly troubled by Germany’s Yannick Hanfmann before winning 6-3 6-4 3-6 6-3 to set up a mouth-watering all-Italian clash against 2021 runner-up Matteo Berrettini.

The opening day of the grasscourt Grand Slam saw several seeds pull out with injuries or illness — the highest-profile being women’s third seed Aryna Sabalenka who could not take to court because of a shoulder injury.

Fellow Belarusian and twice Australian Open champion Victoria Azarenka also pulled out with a shoulder problem ahead of her match with 2017 US Open winner Sloane Stephens.

Mr. Sabalenka’s withdrawal removed one mighty obstacle for second seed Coco Gauff who concluded Centre Court action on Monday with an impressive 6-1 6-2 defeat of fellow American Caroline Dolehide.

Former world number one and four-time Grand Slam champion Naomi Osaka returned to Wimbledon after a five-year absence and came through a topsy-turvy clash against France’s Diane Parry, winning 6-1 1-6 6-4. — Reuters

Bad luck

The start of the week marked a new beginning for the Warriors as Klay Thompson formally bid goodbye to the only franchise whose jersey he has had the pleasure of using since joining the league in 2011. Given his desire to angle for big bucks through a longer timeframe, they could not conceivably keep him in the fold and, at the same time, stick to their mandate of exercising fiscal prudence. The instructions from ownership were clear: They need to compete in the foreseeable future without hitting the luxury tax, which set them back a record $177 million for their salary foibles in the immediate past season.

The irony, of course, is that Thompson will ultimately sign for less money than what the Warriors initially offered him. Last year, they dangled an extension that would have netted him $48 million and kept him in the fold until 2026. As things have turned out, he will instead be plying his trade with the Mavericks for an additional year and $2 million. Needless to say, he overestimated his worth in free agency by rejecting their offer; not even the awash-in-cash Magic deemed him worth backing up the Brinks truck for despite an obvious need for a veteran presence to guide foundational piece Paolo Banchero.

To be fair, the Warriors were stuck between the proverbial rock and a hard place. They may have wanted to keep the core of their dynasty alive, but reality sank in. They needed to pivot quickly after having just failed to advance past the play-in tournament, and his advancing age and history of injury made him expendable. And any doubts they had due to sentimentality were erased by his utterly atrocious showing in their do-or-die affair against the Kings; he hit zero of 10 attempts from the field to finish scoreless in a rout.

Indeed, Thompson deserved a better valedictory than his clunker last April. After all, he was integral to their four championships in six finals appearances over the last decade. On the other hand, the Warriors knew well enough not to throw good money over bad. He had become exceedingly bad on defense over the last two years in contrast to his reputation as a two-way dynamo, finishing with a defensive rating that, interestingly enough, ranked him alongside the Lakers’ would-be-trade-bait D’Angelo Russell.

Whether Thompson pans out for the Mavericks remains to be seen. On paper, he’s primed to contribute heavily to their heliocentric offense. Perennial Most Valuable Player candidate Luka Doncic and all-star Kyrie Irving will love playing alongside him as an always-viable catch-and-shoot target. The flipside, of course, is that all three are decided minuses on the other end of the court. Meanwhile, honchos in the Bay Area are smiling, if secretly, because of what’s in store following the reset. Bottom line, there is such a thing as addition by subtraction, and the Warriors look to capitalize on the result.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

Supreme Court liberals lament ruling making president ‘king above the law’

Official White House Photo by Cameron Smith

WASHINGTON — The president of the United States has been elevated to the status of “a king above the law.” The occupant of the White House may order assassinations of political rivals without fear of prosecution. America’s leader may now be insulated from criminal consequences for whatever he or she wants to do in office.

That is what US Supreme Court liberals said in dissent to Monday’s landmark decision recognizing for the first time broad immunity from prosecution for former presidents.

In the ruling involving the federal criminal case against Donald Trump for his efforts to overturn his 2020 election loss, the court found that he cannot be prosecuted for official actions taken within his constitutional powers as president. Private actions, under the ruling, were not protected.

The court’s six conservatives were in the majority in the ruling, with liberals Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson in dissent.

“The president of the United States is the most powerful person in the country, and possibly the world. When he uses his official powers in any way, under the majority’s reasoning, he now will be insulated from criminal prosecution,” Ms. Sotomayor wrote, joined by Ms. Kagan and Ms. Jackson.

“Orders the Navy’s Seal Team 6 to assassinate a political rival? Immune. Organizes a military coup to hold onto power? Immune. Takes a bribe in exchange for a pardon? Immune. Immune, immune, immune. Let the president violate the law, let him exploit the trappings of his office for personal gain, let him use his official power for evil ends,” Ms. Sotomayor wrote.

The ruling, written by Chief Justice John Roberts, noted that presidents need to execute their duties “fearlessly and fairly” without the threat of prosecution for their actions.

“Because if he knew that he may one day face liability for breaking the law, he might not be as bold and fearless as we would like him to be. That is the majority’s message today,” Ms. Sotomayor wrote. “Even if these nightmare scenarios never play out, and I pray they never do, the damage has been done. The relationship between the president and the people he serves has shifted irrevocably. In every use of official power, the president is now a king above the law.”

Ms. Jackson, writing a separate dissent, said that the ruling overthrows long-cherished principles in American law. “All of this is to say that our government has long functioned under an accountability paradigm in which no one is above the law; an accused person is innocent until proven guilty; and criminal defendants may raise defenses, both legal and factual, tailored to their particular circumstances, whether they be government officials or ordinary citizens. For over two centuries, our nation has survived with these principles intact,” Ms. Jackson wrote.

Ms. Jackson said that the court’s majority with this decision instead “breaks new and dangerous ground.”

“Departing from the traditional model of individual accountability, the majority has concocted something entirely different: a presidential accountability model that creates immunity — an exemption from criminal law — applicable only to the most powerful official in our government,” Ms. Jackson wrote.

Ms. Jackson zeroed in on the question of what might constitute an official action shielded from prosecution.

“Thus, even a hypothetical president who admits to having ordered the assassinations of his political rivals or critics … or one who indisputably instigates an unsuccessful coup … has a fair shot at getting immunity under the majority’s new presidential accountability model,” Ms. Jackson said.

That is because, Ms. Jackson added, whether a president’s conduct may subject him to criminal liability hinges on the characteristics of the action at issue that would imbue it with the status of “official” or “unofficial” conduct.

“In the end, then, under the majority’s new paradigm, whether the president will be exempt from legal liability for murder, assault, theft, fraud or any other reprehensible and outlawed criminal act,” Ms. Jackson said, “will turn on whether he committed that act in his official capacity, such that the answer to the immunity question will always and inevitably be: It depends.” — Reuters

New Zealand to press ahead with media content pay law

SYIFA5610/FREEPIK

SYDNEY — New Zealand’s conservative coalition government will proceed with a bill that would make it compulsory for digital technology platforms to pay media companies for news, it said on Tuesday.

The bill is being introduced as New Zealand media companies struggle against technology firms for advertising dollars, leading them to find new ways to provide news programming.

The Fair Digital News Bargaining Bill, introduced last year by the previous Labour government, will be presented in Parliament with amendments to support “our local media companies to earn revenue for the news they produce,” Communications Minister Paul Goldsmith said.

The proposed changes would align it more closely with Australia’s digital bargaining law, Mr. Goldsmith said.

That law, which took effect in Australia in March 2021, gives the government power to force internet firms such as Facebook owner Meta Platforms and Alphabet, Inc’s Google to negotiate content supply deals with media outlets, if the parties fail to reach an agreement on payments.

Meta said the New Zealand bill ignored the realities of how its platforms work, their voluntary nature, the preferences of users and the free value it provided news outlets.

“We will continue to be open and transparent with the government and publishers on our business decisions as this bill progresses,” a Meta spokesperson said in an email.

Google did not immediately respond to a request seeking comment.

After Canada introduced a similar law in 2023, Meta blocked news content from appearing on Facebook there. Meta has also said it plans to stop paying Australian media companies for news and the government is still considering whether to intervene.

Mr. Goldsmith said the proposed changes would give power to the communications minister to decide which digital platforms would come under the law. An independent regulator will be appointed as the bill’s authority, he said.

One of the governing coalition’s partners, the right-wing ACT New Zealand party, will not support the bill, Mr. Goldsmith said, which means it must have the support of other parties to pass. 

The opposition Labour party said it would check the amendments but supported the intent of the bill.

“I am relieved the government is seeing sense and progressing with legislation to make the media landscape fairer for news companies operating online,” Willie Jackson, Labour spokesperson for media and broadcasting, said in a statement. — Reuters

More American tourists head to Japan as battered yen beckons

JAPANESE Yen and US dollar banknotes are seen in this illustration taken March 10, 2023. — REUTERS

AMERICAN TOURISTS headed for Japan have surged this year, lured by a slump in the value of the yen, which is also driving a massive jump in foreign investor interest in the country’s lodgings market.

The number of Americans arriving in Japan by air crossed more than 900,000 in the first five months of 2024, climbing 17.4% year over year and vaulting 35.5% from 2019 before the pandemic, the International Trade Administration data showed.

While pent-up travel demand since the end of the pandemic has also contributed, the Japanese currency’s recent plunge to a 38-year low to the US dollar has been a key factor, as it boosts the spending power of American tourists.

Since the end of the pandemic, demand has been booming across the Asia-Pacific, drawing in travelers from China, as well as long-haul visitors from North America with more Americans opting to travel internationally.

“The weakened yen compared to the US dollar makes the entire travel experience more affordable for American tourists,” said Tim Hentschel, chief executive officer of travel bookings platform HotelPlanner.

Foreign investments in the Japanese hotel industry have also seen a sharp spike. Cross-border investments in the industry came in at $1.38 billion in the first half of this year, up 19.2% from the same period of 2023, and 176.3% compared to the first half of 2019, according to MSCI data.

Several US-based hotels such as Marriott, Hilton, Hyatt and Choice have been expanding their footprint in Japan by partnering with local real estate and hospitality companies.  “When someone who doesn’t know much about Japan visits the country for the first time, they might be more inclined to book with a familiar name,” said Wanping Aw, a travel agent in Tokyo.

Short-term rentals giant Airbnb reported a 130% increase in nights booked by American guests in Japan in 2023 from a year earlier.

Airlines are also moving in tandem with this trend, adding more seats between the US and Japan.

Carriers scheduled about 1.5 million seats between the two countries in June, July and August, a 9% increase from a year earlier, according to data in May from online travel agency Hopper.

United Airlines, Delta Air Lines and American Airlines Group have increased scheduled seat capacity between the US and Japan for the summer by 19%, 10% and 7%, respectively, Hopper data showed. — Reuters

Scientists increasingly wary bird flu pandemic ‘unfolding in slow motion’

A PERSON holds a test tube labeled “Bird Flu,” in this picture illustration, Jan. 14, 2023. — REUTERS

CHICAGO/LONDON — Scientists tracking the spread of bird flu are increasingly concerned that gaps in surveillance may keep them several steps behind a new pandemic, according to Reuters interviews with more than a dozen leading disease experts.

Many of them have been monitoring the new subtype of H5N1 avian flu in migratory birds since 2020. But the spread of the virus to 129 dairy herds in 12 US states signals a change that could bring it closer to becoming transmissible between humans. Infections also have been found in other mammals, from alpacas to house cats.

“It almost seems like a pandemic unfolding in slow motion,” said Scott Hensley, a professor of microbiology at the University of Pennsylvania. “Right now, the threat is pretty low … but that could change in a heartbeat.”

The earlier the warning of a jump to humans, the sooner global health officials can take steps to protect people by launching vaccine development, wide-scale testing and containment measures.

Federal surveillance of US dairy cows is currently limited to testing herds before they cross state lines. State testing efforts are inconsistent, while testing of people exposed to sick cattle is scant, government health officials and pandemic flu experts told Reuters.

“You need to know which are the positive farms, how many of the cows are positive, how well the virus spreads, how long do these cows remain infectious, the exact transmission route,” said Dutch flu virologist Ron Fouchier of the Erasmus Medical Center in Rotterdam.

Dr. Jeanne Marrazzo, director of the US National Institute of Allergy and Infectious Diseases, said surveillance for humans is “very, very limited.”

Marrazzo described the US Centers for Disease Control (CDC) and Prevention’s human flu surveillance network as “really a passive reporting, passive presentation mechanism.” The US Department of Agriculture is more proactive in testing cows, but does not make public which farms are affected, she said.

Several experts said differing approaches from animal and human health agencies could hamper a quicker response.

“If you were designing the system from scratch, you would have one agency,” said Gigi Gronvall, a biosecurity expert at the Johns Hopkins Center for Health Security. “This is not the only example where we have environmental or animal problems that cause human problems.”

A USDA spokesperson said the agency is working “around the clock” with CDC and other partners in a “whole-of-government response,” adding that ongoing research shows “America’s food supply remains safe, sick cows generally recover after a few weeks, and the risk to human health remains low.”

The CDC in a statement said it, “USDA, and state and local health departments across the country have been preparing for the emergence of a novel influenza virus for nearly 2 decades and continually monitor for even the smallest changes in the virus.”

‘A NOTE OF CAUTION’
Some pandemics, including COVID-19, arrive with little warning. In the last flu pandemic, caused by H1N1 in 2009, the virus and its predecessors had first spread among animals for several years, Mr. Hensley said, but more surveillance would have helped health authorities prepare.

Three people in the US have tested positive for H5N1 avian flu since late March after contact with cows, experiencing mild symptoms. One person in Mexico was infected with a separate H5 strain not previously seen in humans, and with no known exposure to animals. Other cases were reported in India, China and Australia, caused by different strains.

The World Health Organization (WHO) says H5N1’s risk to humans is low because there is no evidence of human transmission. Some tools are available if that changes, including limited amounts of existing H5N1 vaccine and antiviral medications like Tamiflu.

There are mechanisms to launch larger-scale production of tests, treatments and vaccines, if needed, said the United Nations agency’s head of flu, Wenqing Zhang.

Other experts said there is sufficient concern to start preparing for potential spread in humans, although triggers for taking action differ depending on the role played in the response, said Richard Hatchett, chief executive of the Coalition for Epidemic Preparedness Innovations (CEPI). His organization acted early on funding COVID vaccine development, and is now in talks with research partners about H5N1.

CEPI aims to create a library of prototype vaccines for pathogens with pandemic potential. This would help drugmakers initiate large-scale production and distribute shots where necessary within 100 days of an outbreak.

Some countries are taking steps to protect people against H5N1. The United States and Europe are securing doses of pre-pandemic flu vaccine that could be used for high-risk groups, including farm or lab workers. Finland is expected to become the first country to inoculate fur and poultry farm workers, as well as animal health response workers.

Expanding vaccine access is also complex, said the WHO’s Ms. Zhang. Manufacturers of potential pandemic flu vaccines make seasonal flu shots and cannot produce both at once, she said.

Since most flu vaccines are made using virus grown in eggs, it could take up to six months to produce pandemic shots. The US is in talks with Moderna to use their faster mRNA technology for pandemic flu shots.

The experts all acknowledged a need to balance acting quickly to avert a threat versus overreacting.

“We want to sound a note of caution,” said Wendy Barclay, a virologist at University College London who researches avian flu for the United Kijngdom Health Security Agency, “without saying the world is about to end.” — Reuters

Buildmate: Embracing the opportunities of digital transformation

Mars Kaw put her efforts into making Lazada her primary sales channel, and has benefitted greatly from the platform’s extensive resources.

Mars Kaw initially had reservations about the opportunities of e-commerce. Her father had been in the building-supplies business, and following in her father’s footsteps, she had established Buildmate in 2010. For several years, she had been operating offline, putting her focus mostly on business-to-business transactions to grow her company.

It was only when she met a Lazada seller who achieved great success through the platform did she realize the gains it would bring. She had launched Buildmate on Lazada back in 2015, but had never considered it the primary means of expanding her business. That meeting, in her own words, had been eye-opening.

“Before, I thought of e-commerce as just a side business,” Ms. Kaw admitted. “That was my lightbulb moment, when I realized it was not just for the sidelines but that you could go big on online platforms. I got inspired by that seller and, on that day, I decided to go all out on Lazada.”

Since then, Ms. Kaw put her efforts into making Lazada her primary sales channel, and has benefitted greatly from the platform’s extensive resources. For instance, when she was first starting out in the world of e-commerce, her key account manager at Lazada provided the invaluable advice and encouragement she needed to help her manage her digital storefront.

The free classes provided by Lazada University have also provided her with the knowhow, from creating efficient product listings to optimizing promotions and advertising techniques, among other things. As a result, she said that Buildmate’s revenue per buyer has increased by as much as 15% after implementing the strategies she learned.

Ms. Kaw has also leveraged Lazada’s various tools to enhance Buildmate’s presence. For example, she uses Lazada’s customer engagement management feature to interact proactively with shoppers and LazLive to engage with customers in real time. “As technology rapidly advances, understanding new tools and seller programs can set you apart from the competition,” Ms. Kaw said. “It makes you adaptable to the ever-changing market, equips you to handle complex situations, and make better decisions.”

Online-to-Offline Success

Another benefit Ms. Kaw found by bringing her business to Lazada was that she has been able to expand her customer reach exponentially. “When I was starting out, I only served the cities near my area of CAMANAVA. With Lazada, I’ve been able to tap into markets from Luzon to Mindanao, all while staying in my office,” she said.

Interestingly, while Buildmate’s operations are now primarily online, the company’s brick-and-mortar store in Manila has also seen increased foot traffic as a result of its digital presence.

“With Lazada, people search for our store and visit us to see the products physically, which has helped our offline store generate foot traffic,” Ms. Kaw explained. “This creates a 360-degree shopping experience, allowing customers to buy products online and exchange or upgrade them offline. Most importantly, having an offline store builds trust with our buyers.”

Ms. Kaw’s journey of digital transformation has garnered numerous accolades for Buildmate. The company received the top award in the home and living category at the 2020 Lazada Awards and was inducted into the awards’ Hall of Fame in 2021. Additionally, she has become a Lazada certified trainer, committed to sharing her knowledge and experiences to help other e-commerce entrepreneurs succeed.

“Consistency is key to surviving in the online business,” she emphasized. “You need grit, dedication, enthusiasm, and a drive to continually learn and create memorable experiences for customers. Online business is not easy, and challenges are inevitable. Be ready for this, and you’ll succeed.”

Through her strategic embrace of digital transformation, Mars Kaw has not only expanded Buildmate’s horizons but also set a compelling example for other businesses navigating the e-commerce landscape.

Sign up now to become a Lazada seller.

 


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Jollibee to take control of South Korea’s Compose Coffee

BW FILE PHOTO

Philippine fast food firm Jollibee Foods Corp will acquire a majority stake in privately held Compose Coffee, a South Korean coffee chain, as part of a deal valuing the target at $340 million, the company said on Tuesday.

Jollibee’s unit Jollibee Worldwide Pte will acquire 70% of Compose Coffee and its majority-owned Titan Fund will take 5%, the fast-food firm said in a disclosure. The remaining 25% will be held by private-equity firm Elevation, it said.

Compose Coffee has 2,470 stores, all franchised, giving it a debt-free balance sheet, and good cash returns and profitability margins, said Jollibee, which will increase its global store network to 10,000 with the deal. — Reuters

Philippines says June 17 South China Sea incident ‘most aggressive’ recent Chinese action

MANILA – The Philippine military said on Tuesday that China’s actions last month in a disputed shoal in the South China Sea was its “most aggressive” response in “recent history.”
Rear Admiral Roy Vincent Trinidad, navy spokesperson on South China Sea issues, said the Chinese coast guard’s actions were “deliberate, planned and escalatory”.
A Philippine sailor suffered serious injury after what its military described as “intentional-high speed ramming” by the Chinese Coast Guard on June 17 during a resupply mission for troops stationed on the Second Thomas Shoal. – Reuters

Japan’s Universal scraps plan to buy central Philippines casino

MANILA – The Philippine unit of Japan’s Universal Entertainment Corp is no longer acquiring a majority stake in PH Resorts’ gaming project in the central Philippines, PH Resorts said on Tuesday.
In a filing to the stock exchange, PH Resorts said it received a letter terminating a deal for Universal’s Okada Manila to buy a majority stake in the company’s Emerald Bay gaming project in Cebu province.
The companies failed to agree to a valuation, two sources with knowledge of the matter said. One of the sources said PH Resorts wants the buyer to pay the casino’s debts due in July, which Okada was not in favor of.
Shares in PH Resorts slumped as much as 29% to a nine-month intraday low following the disclosure. Okada Manila did not immediately respond to a request for comment.
PH Resorts will engage with other companies that have already expressed interest in the Emerald Bay project, company president Raymundo Martin Escalona said in a statement.
It was already the third cancelled deal for the stalled project of PH Resorts, which is owned by Dennis Uy, a close associate of former President Rodrigo Duterte. Uy’s conglomerate engaged in an aggressive, debt-backed expansion during Duterte’s term, but was forced to sell companies following the pandemic.
Okada Manila was looking to expand its footprint outside of Manila where it operates a $3.3 billion gambling resort. – Reuters

Samsung Electronics workers to strike on July 8-10, union official says

THE LOGO of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. — REUTERS

 – A workers’ union at Samsung Electronics in South Korea has called a strike for July 8-10, a union official said on Tuesday, as it steps up industrial action against the country’s most valuable company.

The union is determining how many workers will join the strike, the official told Reuters by telephone.

Son Woo-mok, leader of the union, said late on Monday that the union wants a more transparent system for bonuses and time off, and wants the company to treat it as an equal partner.

Samsung declined to comment on the union’s strike plan.

Its share price was unaffected, rising 0.1% in morning trade versus a 0.7% decline in the benchmark price index. .KS11

Union membership increased rapidly after Samsung in 2020 pledged to stop discouraging the growth of organised labour.

The strike itself is unlikely to have a major impact on chip output as most production at the world’s biggest memory chipmaker is automated, two analysts told Reuters.

But any impact will ultimately depend on how many people that operate chip plants participate and for how long, said senior researcher Kim Yang-Paeng at the Korea Institute for Industrial Economics and Trade.

“Chip production cannot proceed with replacement workers” if people who operate the automated machines walked out for a long time “because of the specificity and expertise of the work,” Kim said.

Last month, workers en masse took annual leave on the same day in what was effectively the union’s first industrial action. At the time, Samsung said there was no impact on production or business activity. Those striking were mainly employed at inner-city offices rather than at manufacturing sites, analysts said.

“This planned strike marks a turning point in Samsung’s history of non-union management. This could be seen as a drop in employee loyalty at Samsung … caused by wages and disappointing compensation compared to Samsung’s rivals,” a Seoul-based analyst said on Tuesday, declining to be identified as details of the strike were unknown. – Reuters