Big Take Asia

Sheikh Hasina, former Prime Minister of Bangladesh for over 15 years, discusses her dramatic ousting following violent student-led protests. She reflects on the country's struggles to recover from unrest and violence. Nobel Prize-winning economist Muhammad Yunus enters the fray as the new leader, addressing the profound economic challenges facing the nation, particularly in the garment sector. The conversation highlights the tension between Yunus's reluctance to engage in politics and the urgent demands of his new role amid fears for Bangladesh's stability and future.

Gautam Adani, a controversial billion-dollar tycoon, invites his sons and nephews to discuss whether to split the Adani Group or remain united. Anto Antony, a Bloomberg editor, sheds light on the ambitious succession plan amid regulatory scrutiny. They explore the complexities of transferring a multibillion-dollar empire, its influence on India’s infrastructure, and the economic stakes involved. The Adani heirs share their vision for the future, navigating challenges while aiming to uphold the family's legacy in a rapidly changing landscape.

Reed Stevenson, a senior editor at Bloomberg with a focus on economic issues, discusses Japan's small businesses grappling with rising costs. He highlights a negotiation workshop where business owners relearn pricing strategies after decades of deflation. The conversation dives into how these small enterprises, making up 90% of Japan's economy, struggle against larger corporations' wage demands. The potential economic implications of failing to adapt are alarming, yet Stevenson emphasizes the importance of strategic partnerships to navigate these challenging times.

K-pop is embracing English lyrics to appeal globally, sparking an identity shift. Industry seeks broader fanbase for financial success. New idol groups like RISE and Cat's Eye face challenges with English lyrics. Potential for a Blackpink BTS Super Bowl show excites fans.

Nobel Peace Prize-winning economist Muhammad Yunus pioneered micro loans as a tool to fight poverty. Now prosecutors in Bangladesh have linked him and his colleagues to a dizzying number of crimes, including embezzlement and laundering millions of dollars.  Today on The Big Take Asia, host K. Oanh Ha speaks to Bloomberg’s Kai Schultz about the complicated saga and what implications Yunus’s case has for Bangladesh, one of the fastest growing economies. We also hear from Yunus himself, who talks about the rift between him and Prime Minister Sheikh Hasina, and the personal impact of the legal drama. Read more: Why the Nobel-Laureate Pioneer of Microfinance Risks Life in Jail Big Money Backs Tiny Loans That Lead to Debt, Despair and Even SuicideSee omnystudio.com/listener for privacy information.

Luckin Coffee, once bankrupt, now beats Starbucks in China with automated stores and local tastes. Can it sustain success amidst competition? Discussing Luckin's remarkable turnaround and innovative approach in the Chinese coffee market.

Bloomberg's Cathy Chan discusses how China's top investment bank, CICC, is shifting towards socialist ideals and prioritizing loyalty to the Communist Party over Western influence. The podcast explores the impact of President Xi's common prosperity initiative on the investment banking industry, including decreased deal activity and reductions in bonuses. It also dives into the cultural changes at CICC under a state-owned background chairman, affecting talent retention and the decline of the bank. Additionally, the podcast highlights China's concerns about foreign companies being associated with the Communist Party and the benefits of aligning with China's norms for business dealings.

Bloomberg's China editor, Alan Wong, discusses how Beijing's influence is reshaping Hong Kong, causing residents to flee and questioning the city's future. Topics include the impact of the National Security Law, exodus of citizens, success in wealth management, AI empowerment, extradition law consequences, and navigating political challenges.

Bloomberg Businessweek editor Matt Campbell discusses Indonesia's booming nickel industry for electric car batteries, revealing fatal accidents and workers' plight. Major EV makers must navigate ethical challenges sourcing nickel from the country, highlighting the dark side of clean energy revolution.

Bloomberg investing reporter David Ramli discusses the rise of imposters targeting Asia's ultra-rich in the family office industry. The challenges of spotting scammers in this secretive sector and amateur detectives like Eric SayWei Neo helping weed out imposters are highlighted in the podcast.