India

L’Oréal SA has emerged as the largest hair colour marketer in urban India in value ahead of Godrej ConsumerNSE 0.94 % Products, riding on mass brand Garnier Black Naturals, which is now the French personal care firm’s highest selling hair colour brand globally. L’Oreal had 25.8% market share in the urban hair colour market in value terms last calendar year against Godrej’s 24%, industry officials said, quoting data from market tracker Nielsen. In 2017, Godrej had 26.3% share against L'…


Swedish defence firm Saab AB , which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities. Saab is expected to face competition from rivals such as Boeing Co, Lockheed Martin Corp and Dassault Aviation SA to supply about 110 fighter jets to the Air Force, in what could be a deal worth more than $15 billion.  Read more at://economictimes.indiatimes.com/ar…


Did a bank CEO airbrush financials to prop up profitability, make inadequate provisioning of sticky loans or fail to meet regulatory norms of RBI, Sebi or IRDAI? He will no longer be able to leave his job with hefty payouts in the form of bonuses and stock options. New norms being framed the Reserve Bank of India (RBI) will ensure that such benefits are taken back from the CEO. The RBI is working on a set of rules that would link remuneration of banks CEOs to parameters like balance sh ..  Re…


The union cabinet today approved an additional dearness allowance (DA) of 3 per cent over the existing rate of 9 per cent for government employees and pensioners which will be effective from January 1, 2019. This will cost the government around Rs 9,200 crore per year. The move is expected to benefit more than one crore central government employees and pensioners. The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners. This increase is in accordanc ..  R…


2019-02-20

Chinese telecom gear maker Huawei Technologies Co. Ltd, which is in the eye of a storm over concerns of network security globally, is optimistic about participating in the 5G trials and commercial rollout in India. According to a senior company official, Huawei is awaiting approvals following positive talks with various government departments. “I have had many interactions...with the Prime Minister’s office, department of telecommunications and ministry of electronics and information techn…


Essar Group has discussed the sale of its captive port and power plant in Hazira, Gujarat, for Rs 8,500-10,000 crore with ArcelorMittal, multiple people aware of the discussions said. In a sign that the London-based steelmaker has gained an upper hand in the race to buy out Essar Steel, a team led by the group’s director strategy and M&A, Vikash Saraf, visited London to negotiate with chairman Lakshmi Mittal and son Aditya for the sale. According to officials present, they were also joined  .…


2019-02-20

Work has a very different meaning today than it did a decade ago. The new-age workplace is distributed, remote working is the norm, and knowledge is increasingly the key driver of productivity. As a result, traditional approaches to information exchange, and training and developing talent are becoming obsolete. Simultaneously, the increased application of artificial intelligence (AI) in the workplace is helping firms become lean. Using natural language processing, machine, vision and robotic pro…


2019-02-20

The Indian government has said that it will leverage artificial intelligence tools to put in place better regulations and protect citizen’s privacy and ownership of data. The Minister of Commerce and Aviation said that the country is transporting more data than the United States and China put together. The top six companies in the world are using this data with value addition and monetisation. He said that India is strengthening its legal system and regulatory framework to “deal with this …


Saudi Arabian Crown Prince Mohammed Bin Salman is not visiting India to bail out Delhi unlike Pakistan and Riyadh has better appreciation of India's position on Kashmir and terrorism. Keeping Indian sensitivities in mind and Delhi's strategic significance Salman has returned to Saudi Arabia from Pakistan before reaching India on Tuesday night. Wednesday is the main day of engagement here. He thereafter visits China. The two sides would conclude a document on Strategic Partner ..  Read more a…


Blender’s Pride Reserve Collection presents Entrepreneur’s 35U35 list included some path-breaking names from the field of entrepreneurship and Isprava founder Nibhrant Shah made it to the list for enabling aspiring entrepreneurs to have an online presence. About five years ago, luxury living on the top of the hills or at a beach house was a dream for many. But, not anymore! Mumbai-based Nibhrant Shah tapped an opportunity in India’s real estate market and single-handedly started Isprava Ho…


One year after being hit by a $2 billion scam, Punjab National Bank is set to return to annual profits and strong loan growth in 2019-20 even as investigations continue into the country's biggest banking fraud. State-owned PNB has already surprised markets with an earlier-than-expected profit for the quarter ended December as it completed setting aside funds to cover for the scam and its bad loan levels eased. While the lender is still likely to run up a loss o ..  Read more at://economictim…


Flipkart is creating a layer of B2B (business-to-business) entities that will act as intermediaries between its wholesale arm and prominent sellers on its platform to comply with foreign investment rules for ecommerce marketplaces, people familiar with the development said. Flipkart, which Walmart acquired for $16 billion in May, has appointed eight-nine such independent entities, code-named alpha sellers, which will buy goods from Flipkart India, the wholesale arm of the Flipkart Grou ..  Re…


2019-02-19

More than two-thirds of India’s top publicly-traded companies have separated the positions of chairman and managing director (CMD), although the deadline to comply with the rules is more than 13 months away. That leaves just 156 of the BSE 500 companies to still untangle the role of CMD as of 15 February, compared with 291 in July last year, according to Prime Database, a primary market research tracking firm. The idea behind the separation of the two positions is to bolster corporate governan…


US cable major Comcast, which owns NBC Universal, Atairos, a $4-billion investment company led by former Comcast CFO Michael Angelakis, and Sony Corp have been shortlisted for talks that could lead to the purchase of a substantial stake in Zee Entertainment, multiple people aware of the situation said. They are competing with technology giant Apple and Reliance IndustriesNSE -1.96 %, the only homegrown contender. The shortlist happened in the past 10 days after the submission of non-bin ..  R…


2019-02-19

 So what? Kavin Bharti Mittal, co-founder of Hike messenger and son of Sunil Bharti Mittal, chairman of Bharti Airtel, shot back when he was asked about carrying forward his father’s name and legacy. Kavin has chosen not to join his family business and ventured out on his own to set up Hike, a messaging platform, and in doing so, he is trying to create a name and legacy for himself distinct from his father’s. Yet, there is an element of risk—the risk of Hike’s failure, the risk of his o…


App development companies generally struggle with finding new clients and keeping their business alive. Well, this has to be the scenario with the competition being so fierce. But, the business developers have to find a way to bring in some fresh clients for the business to survive. They can’t tell the management, competition is high and we can’t bring in any new business. Business developers will be kicked out if they do so. So, what next how to bridge this gap? The need for app development…


2019-02-18

Investcorp today announced the launch of Investcorp India Asset Managers Limited and opening of its India office with US$450 million assets under management, AUM, and a team of 21 investment professionals. The launch was announced by Mohammed Alardhi, Executive Chairman, in the presence of Deepak Parekh, member of the Investcorp International Advisory Board and Rishi Kapoor and Hazem Ben-Gacem, Co-CEO’s of Investcorp. The launch of Investcorp India Asset Managers Limited and opening of the Ind…


India will push to blacklist Pakistan over terrorism funding at the Financial Action Task Force (FATF) plenary meeting, following the attack in Pulwama last week, as part of a number of economic punitive measures it’s taking against the neighbouring country. Pakistan is currently on the FATF grey list. The meeting is taking place on February 17-22 in Paris. The Pakistan-based Jaish-e-Mohammad (JeM) claimed responsiblity for the attack that killed more than 40 CRPF jawans........ Read more at:…


2019-02-18

Anil Ambani-controlled Reliance Communications Ltd, Reliance Power and Reliance Infrastructure Ltd, Reliance Capital Ltd and Reliance Naval and Engineering Ltd on Monday surged intraday over 17.64%, 14.71%, 11.88%, 11.51% and 9.94%, respectively, after ADAG firms reached an agreement with more than 90% of lenders under which they won’t sell any shares pledged by promoters until September. Under the pact, the group will pay the principal and interest amounts to the lenders as per the scheduled …


2019-02-18

 Gujarat's 'diamond city' Surat has made it to the international aviation map with the first Air India Express flight arriving here carrying 75 passengers from Sharjah, the airline said on Sunday. The maiden Air India Express flight IX 172 from Sharjah touched down atthe Surat airport at 11.30 pm on Saturday with 75 passengers on board the Boeing 737-800 aircraft, the airline said in a statement. The passengers were received by the airline's chief executive officer K Shyam Sundar and other di…


The majestic portico of the Kasturbhai Lalbhai Museum in Lalbaug, Ahmedabad, is awash with blue. Fine-cotton fabrics dyed in multiple hues of blue hang like prayer flags amid the stately colonial white pillars in the former ancestral home of the Lalbhai family, promoters of textile manufacturer Arvind group. The visual marvel is an art installation by French-African textile designer Aboubakar Fofana. It uses fabric panels dyed with natural indigo at the company’s manufacturing facilitie .. …


With India’s financial inclusion and easy access to credit for the MSME, the industry is all set for an upward trajectory. However, there are several last mile delivery issues in the financial services space – especially with the cost of servicing smaller customers. This is where the fintech companies and its innovative business model are disrupting decades-old businesses. According to NASSCOM report, which was published this year, transaction value among fintech companies is expected to rea…


2019-02-17

The Cabinet Committee on Economic Affairs (CCEA) has approved the Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS), with a total outlay of about US $407.4 million. A press release said that the project aims to boost the “competitiveness” of micro, small, and medium enterprises (MSMEs) by Integrating ongoing technology upgradation efforts with Credit Linked Capital Subsidy (CLCS) The CLCS facilitates technology upgradation by providing 15 percent upfront capital…


2019-02-17

Day after announcing that it is withdrawing most favoured nation (MFN) status to Pakistan on the backdrop of the Pulwama terror attack, India on Saturday increased duties on imports from Pakistan to 200%. “India has withdrawn MFN status to Pakistan after the Pulwama incident. Upon withdrawal, basic customs duty on all goods exported from Pakistan to India has been raised to 200% with immediate effect," finance minister Arun Jaitley tweeted. The Department of Revenue in a notification said…


Realty major Lodha Developers has inked an agreement to sell 28% equity stake in its London development arm Lodha Developers UK for £112 million or Rs 1,023 crore, said three persons with direct knowledge of the development. The company has sold the stake to a London-based private equity fund valuing this subsidiary with two central London projects pegged at £400 million or Rs 3,655 crore.  Read more at://economictimes.indiatimes.com/articleshow/68018456.cms?utm_source=ETTopNews&utm_medium=H…


US-based Cognizant Technology Solutions has agreed to pay $25 million (Rs 178 crore) to settle charges towards violation of the Foreign Corrupt Practices Act (FCPA), the Securities and Exchange Commission (SEC) said. The US regulator said Friday that two former Cognizant executives were charged for their roles in facilitating payments of millions of dollars in bribe to an Indian government official. The SEC alleged that in 2014, a senior government official from Tamil Nadu dema ..  Read more…


Prime Minister Narendra Modi’s warning that those behind Thursday’s Pulwama terror attack which killed over 40 CRPF soldiers would pay a “very heavy price” came after the Cabinet Committee on Security (CCS) agreed that strong retaliatory action must be taken. ET has reliably learnt that besides diplomatic measures, military options are also being considered. These range from targeting Jaish-e-Mohammad camps in Pakistan-occupied Kashmir to directly taking on the Pakistan Army in areas al…


A consortium of banks, along with the National Investment and Infrastructure Fund (NIIF) and Etihad, will invest about Rs 3,400 crore in Jet AirwaysNSE 2.94 %, leading to a much-reduced holding for founder Naresh Goyal, a change in management control and lenders with the biggest stake. Following the infusion, which will be in phases, the consortium of banks, led by State Bank of IndiaNSE -1.55 %, will own 32% of the airline and Abu Dhabi-owned Etihad and the NIIF will hold about 24.9% and 19.5%,…


2019-02-16

India is likely to invoke “security exceptions" under Article 21(c) of the World Trade Organization (WTO) to withdraw the unilateral non-discriminatory market status, popularly known as Most Favoured Nation (MFN) status, that it granted to Pakistan in 1996. India has decided to withdraw the MFN status in light of Thursday’s Pulwama terror attack and the commerce ministry will do what is required to notify it, finance minister Arun Jaitley said after a meeting of the Cabinet Committee …


2019-02-16

Waking up at 5am is not for everyone. Yet, Robin Sharma, 54, a leadership and personal mastery speaker and author of The 5am Club: Own Your Morning, Elevate Your Life,says it’s a habit that can be a game changer when it comes to realising your potential and feeling inspired and focused. Sharma, better known as the author of the two-decade-old business fable, The Monk Who Sold His Ferrari, swears by the 20/20/20 formula which is the key to “the 5am habit".........


What is chai to you? For some a morning ritual for some the purpose of life. Chai is something that India swears by. It is one of those soul beverages that connect people from every race of life. Just imagine- boiling water with brewing tea, the transition of it from the hue of gold to brown, the earthy smell of the leaves, a hint of crisp milk and sugar or jaggery along with freshly grounded spices – well, this is what Indians get high on......


Chief Minister N. Chandrababu Naidu on Thursday laid the foundation stone for Data Centreand Technology Park of Adani Group in this port city.The ground-breaking ceremony for the facility coming up at Kapuluppada was held a month after the state government signed an MoU with the integrated infrastructure conglomerate. Adani Group plans to support the development of the digital and energy infrastructure in Andhra Pradesh by investing over Rs 70,000 crore, over the next 20 years, which is expec…


Indian weddings have always been extravagant and larger-than-life, with the lavish affair spread out over at least 5 days. With the growth in the Indian economy, people’s aspirations for their own weddings, have also evolved. Today’s soon to be wedded, belonging mostly to the 23-30 years age bracket, the dream of making their weddings even more unique, at newer and exotic destinations...........


Growing up as Delhi boy, Gaurav Chopra always wanted to be an entrepreneur. He was inspired by his mother, who runs a boutique in the capital city and his uncle, who manages a listed company. But in India, passion comes after education. Soon after completing his higher education in the UK, Chopra joined CapitalOne and worked extensively in the credit industry. In 2013, quit his job moved back to his homeland with a suitcase full of dreams to be an entrepreneur.......


India's first semi-high speed train the Vande Bharat Express will be flagged off by Prime Minister Narendra Modi on Friday from the New Delhi railway station, a statement from the Prime Minister's Office (PMO) said. Railway Minister Piyush Goyal and members of the Railway Board will be on board the train on its inaugural journey, it said. The train will travel from Delhi to Varanasi in nine hours and forty-five minutes. This includes stoppage time of 40 minutes each at Kanpur and Allah ..  Re…


2019-02-15

 Maruti Suzuki India Ltd and Mahindra and Mahindra Ltd are working on plans to gradually reduce dependence on diesel cars as regulations and market sentiment builds up against the use of the fossil fuel in India—home to some of the world’s most polluted cities. Maruti Suzuki, India’s largest passenger vehicle maker, is in discussions with parent Suzuki Motor Corp. on the future of diesel cars in the country which include whether the company should completely cease producing diesel v…


The government is planning to incentivise the purchase of electric vehicles (EVs) with rebates of up to Rs 50,000, bringing them under the umbrella of priority sector lending and lowering interest rates on loans, said an official with knowledge of the matter. The move is part of the government’s bid to promote the manufacture and sale of EVs in India so that they eventually comprise 15% of total sales from the current negligible share in the next five years.  Read more at://economictimes.indi…


2019-02-15

Vijay Shekhar Sharma's One97 Communications Ltd, the parent of fintech startup Paytm, has pledged all its current assets and mutual fund investments to be able to borrow₹1,400 crore for working capital needs from ICICI Bank Ltd. On 18 January, Paytm and ICICI Bank Ltd entered into an agreement under which One97 Communications’ entire current assets worth ₹7,085.1 crore as on 31 March 2018 was hypothecated by the bank to boost the startup’s borrowing capacity. Until now, Paytm could borr…


2019-02-15

According to a recent report, a B2B technology marketing agency recently announced that it has expanded into Malaysia with a new office in Kuala Lumpur, bringing its go-to-market solutions including content marketing, demand generation, lead nurturing and account-based marketing. The Malaysian branch of the firm is headed by a team of experts in telecommunications, big data analytics, eCommerce and publishing industries. It was noted that that with the acceleration of competition for enterprise…


2019-02-14

Yes Bank shares surged as much as 30% to ₹218 on the BSE today, after the lender said RBI has not found any divergence in the asset classification and provisioning done during 2017-18. In a filing to exchanges Yes Bank on Wednesday said it has received RBI’s risk assessment report for FY2018 and the banking regulator has observed no divergence in its asset classification and provisioning from the norms. “The Reserve Bank of India (RBI) assesses compliance by Banks with extant prudential n…


2019-02-14

Lending major Punjab National Bank (PNB) on Wednesday said that it has decided to place more than 4,000 properties all over India on e-auction as part of its loan recovery effort. According to the bank, the action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) will help in achieving the recovery of Rs. 26,000 crore during current Financial Year 2018-19. The bank has up to 31 December 2018 recovered Rs. 16,600 crore........


In a landmark decision, the Income Tax Appellate Tribunal (ITAT) has held that a taxpayer can avail of tax benefits where long-term capital gains (LTCG) arising on sale of more than one flat are invested or will be invested in one residential house in India, within the stipulated time. This recent decision will benefit taxpayers in Mumbai and in the absence of any contrary jurisdictional order will strengthen the case of other taxpayers. It is not uncommon for a taxpayer to sel ..  Read more…


India is keen to collaborate with the US department of energy to source technology for coal gasification to tap into the country’s large reserves, improve its fuel efficiency and reduce dependence on imports. The move was triggered after recent attempts by the government and private players to set up their own coal gasification plants failed. A high-level meeting chaired by NITI Aayog member VK Saraswat was held recently with officials from US department of energy. A senior go ..  Read mor…


Over the last few decades, we have realized a phenomenal growth in women entrepreneurship. With the right idea, mindset, support and hard work, a lot of women have not only started up but also built super successful start-ups, believes Shalini Prakash, the venture partner at Startup 500. While there has been much dialogue around gender bias, women leaders are paving a path for themselves by fighting multiple challenges. Some are self-inflicted whereas the others are imposed by society in some wa…


India’s government dealt retail giants Amazon.com and Walmart a devastating blow this year with new policies undermining their growth plans. Now U.S. social media pioneers Facebook and Twitter are in danger of suffering similar setbacks in what is perhaps the world’s most important emerging technology market. In the latest skirmish, the government is targeting Facebook Inc.’s WhatsApp, the popular messaging service increasingly important to its parent’s bottom line. Frustrated that the …


Technology is making life easier and convenient for us. While it has tons of benefits, there are major drawbacks that are literally affecting our health. We spend most of our life sitting behind our desk. This might totally work in favour of your company but directly affects your health. To put it simply, you sitting on that seat for hours lead to health ailments such as high blood pressure, diabetes, weight gain, health disease, and other serious chronic conditions. Studies even claim that just…


In order for India to achieve its dream of a $5 trillion economy in the next 5 years, it is imperative that it adopts blockchain technology for international payments. Payments from non-resident Indians are crucial to the daily livelihood of millions of Indians and to their ability to afford things like food, rent and other essentials. They also contribute to a large chunk of our country’s balance of payments and assist in the stimulation of domestic consumption levels in this country, which c…


2019-02-14

MC Aviation Partners Inc., the wholly owned aircraft leasing unit of Japan’s Mitsubishi Corp., said it will decide after 21 February on whether to repossess five Boeing Co. 737 planes it has leased to cash-strapped Jet Airways (India) Ltd. Jet Airways, which has lease rentals overdue with MC Aviation, has convened an extraordinary general meeting of shareholders next week to decide on a proposal to convert a portion of its large debt into equity. “Jet Airways hasn’t paid dues to MC Aviat…


Middle East

2019-02-20

The Dubai Land Department, DLD, recently announced the launch of the Smart Audit initiative that allows the completion of real estate transactions on the same day. This comes as part of its tireless efforts to develop and formulate modern 10X initiatives that guarantee the smooth provision of services to its customers, ensuring their comfort. During the first week of the evening audit, more than 112 transactions were implemented, reflecting the success and popularity of this initiative. Through …


2019-02-20

Raytheon Emirates, a wholly owned subsidiary of Raytheon Company, has opened its headquarters in Al Maqam Tower at Abu Dhabi Global Market Square. The new facility will help Raytheon Emirates develop human capital, industrial partnerships and new technology in the United Arab Emirates in the areas of missile defence, cybersecurity, effectors, and other enabling technologies. Dr. Taylor W. Lawrence, Chairman of Raytheon Emirates Board and President of Raytheon Missile Systems, said, "The new head…


2019-02-20

The Ajman Media City Free Zone is all set to accelerate its growth initiatives and enhance its position as an attractive destination of foreign investment in the UAE with introduction of new incentives, new partners and trade agreements in key markets. Mahmood Alhashmi, CEO of Ajman Media City Free Zone, said, "Within the first year of its launch, Ajman Media City Free Zone, AMCFZ, has made significant progress in line with our strategic plan to attract foreign investment and boosting entreprene…


2019-02-20

Four times weekly service Porto will become Emirates’ second destination in Portugal Travellers in northern Portugal will have direct access to Emirates’ global network via Dubai DUBAI, U.A.E., 19 FEBRUARY 2019 – Emirates announced today it will launch a four times weekly service between Portugal’s second largest city, Porto, and Dubai, from 2 July 2019.   Porto will become Emirates’ second destination in Portugal after its capital, Lisbon, which the airline currently serves with tw…


2019-02-20

HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority (RTA), has launched the ‘Smart Safety Bus’ for raising the traffic awareness of students in Dubai schools. Al Tayer inspected the smart devices fitted to the ‘Safety Bus’ along with the programmes and apps on board which alert students on the rules of traffic safety and features of the bus. The interior and exterior design of the bus is tailored to deliver traf…


2019-02-20

A 2-day workshop that aims to formulate strategy between Indonesia and the Kingdom of Saudi Arabia was held recently. According to a recent press release, the KSA-ID Digital Collaboration Workshop was held between the Ministry of Communication and Information of Indonesia and the delegation from the Digital Transformation Team of the Kingdom of Saudi Arabia........


2019-02-19

Ajman Transport organizes entertainment trip for Taxi drivers


2019-02-19

    http://fw.to/sEZaOfF 17 February, 2019 - Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces His Highness Sheikh Mohamed bin Zayed Al Nahyan attended the official opening of the 14th edition of the International Defence Exhibition and Conference (IDEX) and the 5th Naval Defence & Maritime Security Exhibition (NAVDEX) at the Abu Dhabi National Exhib…


2019-02-19

    http://fw.to/KDpGvtf 17 February, 2019 - Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum received today at 2019 International Defence Exhibition and Conference (IDEX) Minister Responsible for Defence Affairs in Oman Sayyid Badr bin Saud bin Harib. Dubai Crown Prince His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum attended the meeting. http://fw.to/2rCypdF 17 فبراير, 2019 - استقبل صاحب السم…


American rapper and actor Jaden Smith, who is also the founder of sustainable North American brand Just Goods, paid a visit to Middle East food and beverage exhibition Gulfood on Monday. Smith’s visit came after Just Goods announced interest in regional partnerships. The founder attended the event in Dubai alongside company CEO Ira Laufer, where the duo took part in a number of talks with local stakeholders regarding potential partnerships for Just Water in the UAE. Just Goods’ 100% pure spr…


Dubai-based airline Flydubai will add six new return flights to Saudi Arabia each week from mid-March, the airline announced on Monday. According to a Flydubai statement, the airline will add an additional daily flight to Riyadh Airport, in addition to five flights a week to Hofuf Airport beginning on March 16.       “Saudi Arabia remains an important market for Flydubai and we are delighted to be able to increase our services to the kingdom as trade and tourism between the UAE and Saud…


Saudi Arabia's Crown Prince Mohammed bin Salman continues his Asian tour today with a two-day visit to India.  The kingdom's Deputy Prime Minister and Minister of Defence will hold bilateral talks with Indian Prime Minister Narendra Modi, building on previous meeting in Riyadh in in April 2016. There are 2.7 million Indian expats in Saudi Arabia, according to the latest statistics. In addition, Saudi Arabia facilitates 175,000 Indians completing their Hajj pilgrimage every year.      …


HSBC Holdings plc earned $1.55 billion in profit from the Middle East and North Africa in 2018, almost 8 percent of the $19.89 billion in profit it posted globally, the bank announced on Monday. The Middle East figure represents a slight increase from the $1.5 billion in MENA profit reported in 2018, which constituted 8.7 percent of HSBC’s total net profit of $17.16 billion. According financial results released by HSBC, Asia accounted for $17.79 billion in net profit, or 89.5 percent of the to…


2019-02-19

Global Food Trends To 2030:Global food trends to 2030: With a closer look at the GCC is a Dubai Industrial Park About the report The report written by The Economist Intelligence Unit (EIU). In this paper, The EIU presents key trends that are shaping the global food industry landscape, focusing on food production and the supply chain, followed by a closer look at those relevant to the Gulf Co-operation Council (GCC) countries. We have identified these trends through an extensive literature review…


2019-02-19

Dubai’s Roads and Transport Authority (RTA), in cooperation with ENOC Group, has recently completed the installation of Vehicle Identification Pass (ViP) through Radio-Frequency Identification (RFID) technology in more than 1300 public buses. The technology will be operational in five RTA bus depots in Dubai. The step follows the successful implementation of the trial phase conducted  on 190 vehicles 2018 year. The technology requires the installation of a smart tag on the cap of the fuel tan…


2019-02-19

15 collectable aircraft model types launched in different scales and finishes The Emirates Official Store has launched a new limited edition collection of Expo 2020 themed aircraft models for aviation enthusiasts and passionate scale-modellers. The highly detailed models are part of a 15 aircraft model collection ranging from Airbus A380s to Boeing 777s featuring the signature Expo 2020 logo in three colours – blue, orange and green representing the three themes of mobility, opportunity and su…


Saudi Arabian Crown Prince Mohammed Bin Salman is not visiting India to bail out Delhi unlike Pakistan and Riyadh has better appreciation of India's position on Kashmir and terrorism. Keeping Indian sensitivities in mind and Delhi's strategic significance Salman has returned to Saudi Arabia from Pakistan before reaching India on Tuesday night. Wednesday is the main day of engagement here. He thereafter visits China. The two sides would conclude a document on Strategic Partner ..  Read more a…


2019-02-18

On 15 February 2019, the General Authority of Zakat and Tax (“GAZT”) in the Kingdom of Saudi Arabia (“KSA”) published the Transfer Pricing By-Laws (“the By-Laws”) in final form, as well as an accompanying FAQs document (“the FAQs”). These follow hot on the heels of the draft transfer pricing By-Laws (“the draft By-Laws”) which were published on 10 December 2018, and include clarification of deadlines for the various compliance requirements as well as a major new requi…


2019-02-18

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah has witnessed the signing of agreements between RAK Economic Zone, RAKEZ, RAK Chamber of Commerce and RAK Municipality and their respective partners in Akmola, Kazakhstan. A delegation led by Malik Murzalin, Governor of Akmola, visited Al Dhait Palace to sign agreements with the leaders of RAKEZ, RAK Chamber of Commerce and RAK Municipality in an effort to exchange information, ideas and stimulate investment …


2019-02-18

Bee’ah, the Middle East’s sustainability pioneer, has joined forces with the Hamriyah Free Zone Authority (HFZA), to successfully launch the first phase of a state-of-the-art Waste Permit Portal, the first of its kind in Sharjah. The advanced portal is part of a range of 15 services that Bee’ah will be providing HFZA with, through a partnership that will recognise the company as an environmental solutions service provider for the free zone. The HFZA Waste Permit Portal is the first platfor…


2019-02-18

– H.E. Maria del Pilar Garrido Gonzalo: Costa Rican companies and businesses are eager to show what they have to offer and there is no better place to do that than in Dubai – H.E. Al Ghurair: Opening of Costa Rica office is an important development that reflects Costa Rica’s strong commitment to enhancing its ties with the UAE – Opening of new trade promotion office comes ahead of the 3rd Global Business Forum Latin America, which Dubai Chamber is hosting in Panama City on April 9-10 Cos…


2019-02-18

Emirates NBD today announced its position as the UAE’s most valuable banking brand with a US$4.04 billion brand valuation in The Banker’s annual brand valuation league table. The bank also secured a spot among the top 100 global banking brands and was ranked second in the Middle East and Africa region. Emirates NBD was ranked seventy-sixth worldwide in the Brand Finance Banking 500, a prestigious ranking of the world’s 500 biggest banks, conducted by leading brand valuation consultancy Bra…


2019-02-18

The number of active business licences issued to Kuwaiti entrepreneurs in Dubai has reached 2,052, according to a report issued by the Business Registration and Licensing, BRL, sector at Dubai's Department of Economic Development DED.   These business licences have been issued to 6,507 investors including 6,181 businessmen and 326 female entrepreneurs.   Of the licences issued, 1,501 were commercial, 493 were professional, 45 were related to industry and 13 were in the tourism sector. The repo…


2019-02-18

Boeing delivered 39 airplanes in 2018 to its regional customers in the Middle East, 21 of which were to UAE carriers, according to Bernard J. Dunn, President, Boeing Middle East, North Africa and Turkey. In an exclusive interview with the Emirates News Agency, WAM, ahead of the International Defence Exhibition, IDEX, starting in the UAE capital today, Dunn described 2018 as a "great year". "2018 was a great year. Globally, we set a new annual record of 806 deliveries in 2018, surpassing our prev…


2019-02-18

Investcorp today announced the launch of Investcorp India Asset Managers Limited and opening of its India office with US$450 million assets under management, AUM, and a team of 21 investment professionals. The launch was announced by Mohammed Alardhi, Executive Chairman, in the presence of Deepak Parekh, member of the Investcorp International Advisory Board and Rishi Kapoor and Hazem Ben-Gacem, Co-CEO’s of Investcorp. The launch of Investcorp India Asset Managers Limited and opening of the Ind…


2019-02-18

Middle East Electricity 5-7 Mar 2019 Dubai World Trade Centre Dubai    In 2019 Middle East Electricity continues to energise the industry by uniting the global power community. The world's leading power event brings together leading manufacturers, global experts, governments, procurement, project managers and contractors to drive cost-effectiveness and efficiency and move projects forward. Discover the thousands of power products and innovative technologies that are energising the industry. …


2019-02-18

IDEX 17-21 Feb ADNEC Abu Dhabi   THE INTERNATIONAL DEFENCE EXHIBITION AND CONFERENCE (IDEX) IS THE MOST STRATEGICALLY IMPORTANT TRI-SERVICE DEFENCE EXHIBITION IN THE WORLD. IDEX is the only international defence exhibition and conference in the MENA region demonstrating the latest technology across land, sea and air sectors of defence. It is a unique platform to establish and strengthen relationships with government departments, businesses and armed forces throughout the region. Patronage and O…


2019-02-18

 Gujarat's 'diamond city' Surat has made it to the international aviation map with the first Air India Express flight arriving here carrying 75 passengers from Sharjah, the airline said on Sunday. The maiden Air India Express flight IX 172 from Sharjah touched down atthe Surat airport at 11.30 pm on Saturday with 75 passengers on board the Boeing 737-800 aircraft, the airline said in a statement. The passengers were received by the airline's chief executive officer K Shyam Sundar and other di…


2019-02-18

A major transformation is underway in Saudi Arabia’s economic relationship with Pakistan, according to Dr. Ali Awadh Asseri, a former ambassador to Islamabad. In a wide-ranging interview with Arab News, the former envoy said greater interaction between business and the private sectors in both countries will take the historical bond “to a new level.”  Asseri, who spent nine years in Islamabad and was the second-longest serving Saudi ambassador to the country, said: “We know that Saudi Ar…


2019-02-17

Sunil John, President Middle East, ASDA’A BCW discusses his biggest achievements and the evolution of the PR industry during his 25 years in the region. Sunil was selected as one of the first MEPRA Fellows in 2018, MEPRA Fellowship is the highest grade of membership nominated and voted by the MEPRA Board for outstanding contribution to the public relations profession in the Middle East. MEPRA Fellows are awarded for excellence in achievements within the industry and adherence to the highest …


2019-02-17

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Saturday, inaugurated the new facility of Ginox Swiss, a world leader in the manufacturing of professional kitchens. The opening ceremony was attended by Jérôme Hofer, CEO of Ginox Swiss, senior officials and media. Sheikh Saud said the new facility will contribute to promoting the ideal investment climate in Ras Al Khaimah and the UAE and the opportunities available to investors. As he toured the AED35…


2019-02-17

Dubai’s Roads and Transport Authority (RTA) has opened today (Saturday; 16th February 2019) a main bridge at the intersection of Expo Road  and Al Asayel Street. The bridge is a part of Phase 5 of the roads network leading to Expo site. The completion rate of this phase has exceeded 50%, and construction will complete June 2019. “RTA has partially opened three lanes in each direction of the bridge on Expo Road. This phase includes the construction of bridges extending 2.6 km and roads spann…


With an estimated contribution of over 47% to the UAE’s annual GDP, as revealed by Dubai Statistics Centre, early-stage startups make up nearly 50% of all companies registered in Dubai, validating the Emirate's appeal as a global center for entrepreneurship, knowledge transfer, and innovation. Furthermore, according to the 2018 MENA Venture Investment Report, total startup funding in the MENA region jumped by 31% last year over 2017 figures, with a record number of 366 startup deals being sig…


2019-02-17

    يحرص مركز سبيد لفحص المركبات على راحتكم وتقديم أفضل الخدمات بأعلى معايير الجودة في وقت قياسي، فمن أهدافنا التميز في الخدمة والسرعة في الأداء. يسعدنا أن نستقبلكم من السبت إلى الخميس، من الساعة 7:00 ص ولغاية 9:00 م.


The University of Birmingham, the UK institute ranked among the world's top 100, has signed an agreement to build the second phase of its campus in Dubai. Sir David Eastwood, the university's principal and vice-chancellor, and CEO of TECOM Group Malek Al Malek signed the agreement, which will see a new purpose-built campus built. Located within Dubai International Academic City, the facilities will open in September 2021 and provide an academic home for up to 2,900 students with the opportunity …


2019-02-16

Customs World, a subsidiary of the Ports, Customs and Free Zone Corporation (PCFC), created a first of its kind platform based on the accumulative experiences of Dubai Customs. RIISE, the new platform, will be rolled out globally to empower different countries with a cost-effective and sustainable customs system that allows to effectively and transparently manage core customs activities and conduct trade in the global market. The disruptive system has been developed as a flexible, plug-and-play …


2019-02-16

Abu Dhabi Global Market Courts (“ADGM Courts”), theinternationally recognised independent courts of ADGM, and Abu Dhabi Judicial Department (“ADJD”) are pleased to jointly launch a fully digital Notary Public Office in the ADGM Authorities Building on Al Maryah Island. The Notary Public Office and its appointed officers have been trained and accredited by ADJD to carry out a comprehensive range of notary services within ADGM and have the authority to notarise and attest all official docu…


2019-02-16

Discussions on refineries and petrochemical related investments in Malaysia is likely to dominate discussions during Saudi Arabia Crown Prince Mohammed bin Salman’s maiden visit to Malaysia beginning Sunday.   MIDF Amanah Investment Bank Bhd head of research Mohd Redza Abdul Rahman said the kingdom has invested heavily in refineries in Asia to lock in demand and fend off rivals, hence there is the likelihood that more investments would be made in the Petronas Refinery and Petrochemical Integr…


2019-02-15

New roles to be established within financial management and advisory sector as part of wider “Ghadan 21” initiative to create 10,000 new jobs in the Emirate by 2021 As part of the continued focus to create 10,000employment opportunities for UAE nationals by 2021, the Ghadan 21 programme is advancing a dynamic public-private partnership. The partnership will bring together world-class training, resources and job placements for over 90 Emiratis in the Accounting and Advisory sector. In the Mem…


2019-02-15

Dubai’s Roads and Transport Authority (RTA) has recently won two call centre awards in a prestigious event held by the American International Quality and Productivity Center (IQPC) categorised under Service Excellence & Customer Happiness Week, Middle East, amid strong participation of public and private entities across the region. The first was ‘Best Benchmarked Project Award - RTA 8009090 Contact Centre’ for an exemplary benchmarking partnership or project that promotes knowledge sharing…


2019-02-15

Gulfood World's Biggest Annual Food & Hospitality Show 17-21 Feb Dubai World Trade Centre Dubai The World of Food. The World of Good. Increase your margins by connecting with competitive suppliers of cutting edge product innovations, as well as international household name brands. Spanning more than 1,000,000 square feet of F&B products and showcases, Gulfood welcomes over 98,000 attendees from 193 countries.  As the global F&B community gears up for this principal opportunity to source…


2019-02-15

Twenty Vietnamese enterprises will showcase their products at the 24th edition of Gulfood – the world’s largest annual food & beverage trade exhibition – in Dubai, the United Arab Emirates, from February 17-21.The firms include the Vietnam Dairy Products Joint Stock Company (Vinamilk), the Hanoi Trade Joint Stock Corporation (Hapro), the Nafoods Group and the Vietnam Hanfimex Corporation.The Agricultural Trade Promotion Centre under the Ministry of Agriculture and Rural Development will or…


2019-02-14

تصاميم لوحات الأرقام في مركز سبيد لفحص وتسجيل المركبات


2019-02-14

كيف ستتنقل خلال عطلة نهاية الاسبوع


2019-02-14

The outlook for Dubai’s growing e-commerce sector is looking bright as consumers in the emirate continue to turn to digital platforms to access services and products, according to retail leaders and experts speaking on the first day of The Retail Summit 2019 in Dubai. The inaugural summit is being organised under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in partnership with Dubai Chamber of Commerce and…


2019-02-14

Airbus and Emirates reach agreement on A380 contract – with the airline to receive 14 more A380s by end 2021, bringing its total A380 order book to 123 units Emirates airline today announced an order for 40 A330-900 aircraft, and 30 A350-900 aircraft, in a heads of agreement signed with Airbus. The deal is worth US$ 21.4 billion at list prices. The latest generation Airbus A330neo and A350 aircraft, will be delivered to Emirates starting from 2021 and 2024 respectively. In addition, Airbus and…


2019-02-14

Dubai Healthcare City Authority (DHCA) first government entity to opt-in to the centre’s mediation services Special focus on Small Claims Tribunal (SCT) model to support speedy mediation and amicable settlement The DIFC Courts and Dubai Healthcare City Authority (DHCA) have signed an agreement that will see Dubai’s leading healthcare free zone become the first government entity to utilise the services of the DIFC Courts’ newly created Special Complaints Referral Centre (SCRC). Signed at t…


2019-02-14

Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has launched “Co-Founder Dubai”, a new matchmaking programme offering UAE startups access to talent, and aspiring co-founders the unique opportunity to become a business owner. The first-of-its-kind pilot programme, open to all UAE entrepreneurs, aims to improve the success rate of new businesses by finding the right co-founder to support their growth plans. The announcement comes ahead of the Step Conference 2019 in…


South East Asia

2019-02-20

The HCM City Department of Transport aims to have 75 per cent of the new buses running on clean fuel by the end of 2020. Under a plan to buy 1,680 new buses for the 2018-20 period, the city expects to have more than 1,000 of the buses running on compressed natural gas (CNG) by the end of 2020. However, the plan has faced insufficient subsidies, lack of financial support from the city, and setbacks in building CNG fueling stations, according to the department. Because of the lack of investment in…


2019-02-20

Sacombank has hired PwC Vietnam to help upgrade its asset-liability management framework. This is expected to help the bank manage liquidity risk and interest rate risk by identifying risk thresholds scientifically, clearly and optimally, build a liquidity risk management framework to maintain adequate liquidity ensuring the bank operates safely and continuously in all possible situations and developing models to improve the quality of asset-liability management. Hà Văn Trung, the bank’s…


2019-02-20

The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars. The request is part of a ministry document (655/BTC-CST), which supplements and revises several articles of another document (108/2015/NĐ-CP), was recently sent to the Prime Minister. In the document, the ministry stated that the current calculation of the special consumption tax…


2019-02-20

Việt Nam was an impressive emerging market with a rapid increase of foreign direct investment (FDI) as well as the appearance of mega-factories in recent years, stimulating technology corporations to expand their presence here. The statement was made by Eric Moon, vice president and head of Asia sales at Cognex Corporation at the launch of its new office on Monday in Singapore. Read more at http://vietnamnews.vn/economy/505619/cognex-expands-presence-in-asean-market-targeting-viet-nam.html#I2…


Indonesia and the South Korean government announced on Tuesday they would relaunch negotiations for the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA). The two countries had initiated talks in 2012, but they came to a halt two years later. They were not reignited until last November when South Korean Trade Minister Hyun Chong Kim and his Indonesian counterpart Enggartiasto Lukita expressed their commitment to continuing negotiations. The trade value between the two countr…


Home to the largest Muslim population, Indonesia is looking to sharia-compliant financial technology (fintech) to enhance financial inclusion in the country, where access to financing remains limited. Speaking as the chairman of the Sharia Economic Society supervisory board, Ma’ruf Amin, the running mate of President Joko “Jokowi” Widodo in the 2019 presidential election, told a conference in Jakarta recently that sharia-compliant fintech players could increase loan disbursement to many In…


With four unicorns -- Tokopedia, Gojek, Traveloka and Bukalapak -- Indonesia is considered an advanced country in Southeast Asia, according to Finance Minister Sri Mulyani Indrawati. Unicorns are startups valued over US$1 billion. Unicorns have been in the spotlight after the second presidential debate where President Joko “Jokowi” Widodo raised the issue. “There are a lot of startups, but not many can survive. We are exceptional in Southeast Asia. Many countries think we are advanced,” …


Indonesia aims to become the world’s leading exporter of decorative fish, capitalizing on its large maritime territory and rich marine life. Maritime Affairs and Fisheries Ministry Aquaculture Director General Slamet Soebjakto said in Jakarta on Monday that exports of decorative fish to numerous countries had grown at a rate of more than 13 percent annually since 2015. “Decorative fish with significant export growth include guppy, chef, hickey, corydoras and koi,” Slamet said on the sideli…


2019-02-20

A 2-day workshop that aims to formulate strategy between Indonesia and the Kingdom of Saudi Arabia was held recently. According to a recent press release, the KSA-ID Digital Collaboration Workshop was held between the Ministry of Communication and Information of Indonesia and the delegation from the Digital Transformation Team of the Kingdom of Saudi Arabia........


2019-02-20

The wait for pet owners is finally over – ride-hailing service Grab has finally launched GrabPet. The service, which is still in beta at the moment, will give pet owners in Singapore the chance to travel with their beloved furry friend. GrabPet Beta is also said to be the first pet transportation service in Singapore that includes additional insurance coverage for pets onboard.


2019-02-20

The startup ecosystem in Johor is growing thanks to efforts by community builders like Feng Lim and his team who has built a successful co-working space in IskandarSpace.   With the boom in the startup ecosystem, co-working spaces have also seen a rise in numbers and this complements startups as as these places help cultivate their ideas and offer them a place to work from and network with others. Hailing from Johor, Feng Lim began his entrepreneurial and community building journey years ago…


2019-02-20

[Published in: vulcanpost.com] The clock was ticking. One year prior to graduation, and some of my classmates had already secured jobs in big-name corporations. Meanwhile, I was still doing a marketing internship at a small startup – barely a year old – which had grand ambitions of disrupting the events industry. My ambitions were not as great. As a budding writer, I simply wanted to earn a living using my writing skills in the marketplace. And at this company, I was fortunate to have the a…


2019-02-20

According to a recent report, a caregiving services platform that melds qualified care professionals with smart technology to provide on-demand home caregiving for seniors, officially launched in Malaysia. The company is rolling-out its solution in Kuala Lumpur and selected areas in Selangor, with a view to expand to other states in Malaysia in the near future.............


2019-02-20

Advanx Health is a Malaysian healthcare company that offers genetic DNA testing to help customers discover exactly what they physically require in order to remain healthy, and also identify their biggest health risks and how to avert them. The company was founded by Yong Wei Shian and Yen Ping in 2017, both with backgrounds in the pharmacy business. When it comes to healthcare and well-being, there really isn’t a correct way or set methodology that can guarantee an individual perfect health. …


2019-02-20

Global energy solutions provider GE is looking at opportunities in hydropower and battery storage in the Philippine  energy sector. In an interview yesterday, GE Philippines chief executive officer Jose Victor Emmanuel de Dios said the company is focusing on renewable energy (RE), gas and coal technologies. For the Philippines, in particular, it is concentrating on the hydropower space.     Read more at https://www.philstar.com/business/2019/02/20/1895054/ge-philippines-mulls-entry-hydrop…


The China Telecom-backed Mislatel Consortium, which was named last year as the country’s third mobile player, is moving forward with pre-rollout activities amid a delay in the resolution of its franchise. Adel Tamano, spokesperson for Mislatel, said the group recently inked agreements to use the spare fiber assets of the state-run National Transmission Corp. and private concessionaire National Grid Corporation of the Philippines. Read more: https://business.inquirer.net/265351/3rd-telco-rollo…


2019-02-20

Udenna Corp. of Davao-based businessman Dennis Uy has signed a memorandum of understanding (MOU) with the National Grid Corp. of the Philippines (NGCP) for Mislatel consortium’s use of NGCP’s fiber optic facilities. Udenna is part of the Mislatel consortium, the country’s new major player in the telecommunications space, alongside Uy’s Chelsea Logistics Holdings Corp. and state-owned China Telecom. Read more at https://www.philstar.com/business/2019/02/20/1895055/mislatel-tapping-ngcps-f…


2019-02-20

Technology is fast advancing and has produced machinery that could change what was once a laborious and tedious farming process into an efficient and automated one. The Philippines has seen the entry of farm machinery that has changed various manual operations to automated ones such as carabaos becoming tractors. As reported, the Department of Agriculture (DA) is evaluating the potential of drones in changing how seeds are planted, how fertilisers and pesticides are applied, and how crops are…


2019-02-20

Nationality says much about travel habits, according to a study by Booking.com, and Thais prefer travelling with time to relax and to places their friends have not been. Some 89% of Thai respondents said...  link:https://www.bangkokpost.com/business/tourism-and-transport/1631278/nationality-influences-travel-habits


2019-02-20

CCS Group, a manufacturer of various machines used in metalworking industries, is calling for the government to ease rules and regulations for component suppliers in the aviation industry, in particular... link:https://www.bangkokpost.com/business/news/1631894/ccs-asks-for-domestic-aviation-parts-perks


2019-02-20

After several months of supervising Thailand's digital asset market, the outgoing Securities and Exchange Commission (SEC) chief insists that the virtual asset class is suitable only for specialists and... Please credit and share this article with others using this link:https://www.bangkokpost.com/business/news/1631914/rapee-quiets-crypto-hype


For the first time in the history of Miss World, the highly anticipated final – the 69th edition –will be hosted in Thailand, Miss World Organisation chief executive officer and chairman Julia Morley announced during a press conference at Phraya Thai Palace in Bangkok on Monday. Tanawat Wansom, CEO of TW Pageants, said on Monday that he was honoured to receive the rights to host such a major beauty pageant as Miss World in Thailand.      “I believe this opportunity will bring joy t…


2019-02-20

Thailand’s economy grew at a faster pace in the fourth quarter than the previous three months, as local demand helped to offset a slide in exports. Gross domestic product rose 3.7% from a year ago, up from a revised 3.2% in the third quarter, the National Economic and Social Development Council (NESDC) said.     The median estimate of 23 economists in a Bloomberg survey was for expansion of 3.6%. The economy expanded 4.1% for the whole of 2018, compared with a revised 4% for the previous y…


The Grand Manhattan embraces the latest in New York living. The 39-story development will house apartments, a hotel, restaurants and some of the most expensive real estate in the country. But instead of Central Park views, it's located in Ho Chi Minh City's District 1, better known as Saigon's Wall Street. It's the latest brainchild of Bui Thanh Nhon, a former seller of veterinary medicine who's built his Novaland Group into one of Vietnam's largest property companies. The chairman's majority ow…


China's grand plan to turn Hong Kong, Macau and nine other nearby cities into a global innovation hub will mean more opportunities for foreign talent and businesses, said observers, while warning that the Greater Bay Area (GBA) could also present competition to cities like Singapore. A day after Beijing fleshed out an ambitious plan to link a cluster of southern cities while drawing the autonomous regions of Hong Kong and Macau closer to mainland China, foreign entrepreneurs who operate in the…


F&B chain BreadTalk has bought out its partner in a joint venture in Thailand, acquiring the remaining 50 per cent interest in the company that it does not own from The Minor Food Group (MFG) for 160 million baht (S$6.96 million), it said on Wednesday. The joint venture with MFG, BTM Thailand, was set up in 2014, with BTM appointed the BreadTalk franchisee in Thailand to operate BreadTalk outlets in Thailand, and look into future expansion. BreadTalk said in 2014 that the "strategic partnership…


National carrier Singapore Airlines (SIA) on Tuesday (Feb 19) reassured passengers that cameras embedded in some of its inflight entertainment systems have been "permanently disabled" since they were installed.  The airline added that it has no plans to use the embedded cameras.   Its response comes after a flurry of complaints on social media by passengers who had spotted the cameras on SIA aircraft and raised concerns about their privacy. Read more at https://www.channelnewsasia.com/news/sin…


BETTER operating performance, as well as higher gains from asset recycling and revaluation of investment properties boosted CapitaLand's results for the fourth quarter.  For the three months ended Dec 31, net profit rose 71.2 per cent to S$475.7 million, from S$277.8 million last year. The higher earnings were also underpinned by greater contributions from residential projects in China, as well as newly acquired and operational properties, CapitaLand said. .............


Reading for pleasure is on the decline, and our students are getting even less practice and experience with reading outside of school. As educators, what can we do to transform our students into confident, successful, engaged readers? Leslie Davis, our Training Consultant, shares her reflections on classroom practices around Teaching Reading. When I did my secondary teacher training to become an English teacher, the training around reading instruction consisted mostly of unpacking the stylistic…


The fitness industry is expected to gather pace in Asia, including Singapore, as more people step up their pursuit of a healthier lifestyle. And businesses keen for a slice of the pie are going further to differentiate their offerings in an increasingly saturated market, reports Aw Cheng Wei Gyms and fitness studios in Singapore are having a good run, with membership figures up as new year resolutions get couch potatoes onto the treadmills. There is usually a spike in membership in January, with…


2019-02-19

A seminar on the film industry will take place at Hoa Sen University in Ho Chi Minh City on February 19 to help young Vietnamese filmmakers gain access to regional and international film festivals.The seminar – entitled “Convergence of ASEAN Diversity through Film Culture” – will include presenters such as director of ASEAN International Film Festival & Awards (AIFFA) Livan Tajang, award-winning actress and director Hong Anh, producer Tran Thi Bich Ngoc and director Trinh Le Minh.Tajang …


2019-02-19

A business delegation from China are paying a visit to Vietnam to study the possibility of investing and importing agro-forestry-aquatic products of the Southeast Asian country.At a working session in Hanoi on February 18 with officials of the Ministry of Agriculture and Rural Development (MARD), several Chinese enterprises decided to import 100,000 tonnes of rice from Vietnam in the time ahead.Some other businesses wanted to import ‘ca loc” – a kind of freshwater fish, violet-fresh sweet …


2019-02-19

Vietnamese Deputy Prime Minister Trinh Dinh Dung highlighted the crucial role of energy cooperation with Laos during a reception in Hanoi on February 18 for Lao Minister of Energy and Mines Khammany Inthirath. Dung lauded the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines for their active negotiations on an agreement on the development of hydropower projects, renewable energy and mining for signing at an earliest time. He noted that Vietnam consistently oppo…


2019-02-19

Vietnam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports. In January, the deficit ballooned to nearly 1 billion USD as imports rose by 1.7 percent to 20.8 billion USD, according to the General Department of Customs. Exports were down by 1.3 percent to 20 billion USD.The biggest reason experts think the deficit could be around 3 billion USD this year is a sha…


2019-02-19

Several toy makers of the US are intending to move their production facilities in China to other markets, including Vietnam, due to concerns about negative effects from the US-China trade war.Some US toy firms said if their products are made in the US instead of China, their toys will be five times more expensive, and consumers will not buy products at such high prices. In cases where the US applies a 25-percent tax on raw materials, toy businesses may go bankrupt or be forced to cut down their …


2019-02-19

A recent report noted that Thailand is in the process of gradually shifting from a manufacturing to a high-value, hi-tech manufacturing economy. This was seen after the country has put all its efforts into promoting the use of advanced technology, science, and innovation in parallel with the development of infrastructure and the right business ecosystem to drive economic development with the targeted industries as the main catalysts. The Thai government has identified targeted industries that…


2019-02-19

Japan’s Toyota Motor Corp. (TMC) has chosen the Philippines to be the first market to launch its new Hiace models given the strong demand in the country’s for the particular product. TMC and Toyota Motor Philippines (TMP) unveiled yesterday the new generation Hiace in a world premiere held at the Grand Hyatt Manila, Bonifacio Global City.   “We, at Toyota Motor Philippines, are honored to host the world premiere of the all-new Toyota Hiace. For the first time, the world’s eyes are on th…


Tycoon Andrew Tan-led Megaworld Corp. has brought P1.5 billion worth of fresh residential inventory to Bacolod’s property market with the launch of a new condominium development inside The Upper East township. The 14-story Two Regis will be built at the corner of Regis and Madison, just beside the proposed Megamall Lifestyle Mall. Read more: https://business.inquirer.net/265291/megaworld-pitches-new-residential-tower-in-bacolod#ixzz5fwTg1iOt


2019-02-19

Another foreign bank, this time from Europe, has expressed interest in establishing a presence in the Philippines, a top official from the Bangko Sentral ng Pilipinas (BSP) said. BSP Deputy Governor Chuchi Fonacier said a representative of a bank in Europe indicated such interest during the 2019 Annual Reception for the Banking Community last Jan. 25. Read more at https://www.philstar.com/business/2019/02/19/1894754/european-bank-eyes-presence-philippines#me2Tq41pcqBmHawM.99


2019-02-19

Because of the upcoming Philippine midterm elections, scheduled on 13 May 2019, a collaborative fact-checking project was recently launched at the Quezon Hall of the University of the Philippines (UP), Diliman campus. According to a recent press release, the University entered into a Memorandum of Agreement (MoA) with two other Philippine universities and several media organisations to establish a website that will be the repository of their fact-checking claims, made in connection with the May…


2019-02-19

According to a recent report, more than a million jobs across 10 industries in Malaysia are forecast to be filled by the end of the year through a recently launched app. The app is the brainchild of a partnership between the Malaysia Digital Economy Corp (MDEC) and an online jobs portal. It is part of a government programme to provide opportunities, via digital platforms, to lower-income households. The programme aims to uphold a strong focus on driving the inclusive adoption of digital solutio…


2019-02-19

The Islamic capital market was valued at RM1.88 trillion, or 61 per cent of Malaysia’s overall capital market as at end-2018, said Securities Commission (SC) chairman Datuk Syed Zaid Albar.   It is a slight contraction from last year’s RM1.9 trillion.   Zaid said the current size of the domestic Islamic capital market was supported by a vibrant industry comprising local and foreign fund management companies, stockbrokers and advisors with comprehensive Islamic capital market capabilities. …


2019-02-19

According to a recent report, Malaysia’s largest coworking space has launched its first Penang venue. The company’s latest venture into the Northern region of Malaysia aims to propel the growth of Malaysian Small and Medium Enterprises (SMEs) in Penang by providing the community with access to a global business network and powerful infrastructure. The company argues that the market is at the right climate to begin introducing their coworking lifestyle that is built on community and synergy.…


2019-02-19

For the absolute beginner, getting into investments of any kind can be a little daunting. After all, the idea of taking hard-earned money and putting it into some form of security, then leaving it to market forces to decide whether or not you win or lose doesn’t exactly inspire plenty of confidence—at least to the uninitiated. Ask most seasoned investors about their experiences and they’ll tell you that when done right, it all can be very rewarding—the excitement of adding a new entry to…


The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) on Monday announced the discovery of new gas reserve in the Sakakemang Block, South Sumatra. SKK Migas head Dwi Soetjipto announced that the new gas reserve was discovered by a consortium of Repsol, Petronas and Mitsui Oil Exploration. “The potential of the reserve is significant although we have not been able to mention the figure. Of course, in the near future, we will prepare the production,” Dwi said in Jakarta as quoted …


The new Yogyakarta International Airport (NYIA), located in a coastal area of Kulon Progo regency, will start operating its international terminal in April. “We hope that international flights [currently] served by Adisutjipto International Airport will be relocated to NYIA in April,” state-owned airport operator PT Angkasa Pura I (AP I) general manager for Adisutjipto International Airport, Agus Pandu Purnama, said over the weekend in Yogyakarta. He said the flights that would be relocated …


The Trade Ministry's Futures Exchange Supervisory Board (Bappebti) has issued four regulations that treat crypto assets as commodities. “Those regulations will become the legal basis for the trading of crypto assets as commodities that could become the subjects of futures contracts and other derivative contracts traded in the stock market,” said Bappebti chairperson Indrasari Wisnu Wardhana in a statement on Monday. “The regulations will also facilitate the growth and development of the di…


The Government will spend about S$22.7 billion, or 30 per cent of its total expenditure in Financial Year (FY) 2019, on defence, security and diplomacy, Finance Minister Heng Swee Keat announced in his Budget statement on Monday (Feb 18). In FY2018, defence, security and diplomacy spending accounted for about 28 per cent of the total Government expenditure.   “Given its strategic significance, the Government will continue to invest a significant share of our resources … to support our def…