India

2019-01-18

Dr. Ahmed Abdulrahman Al Banna, UAE Ambassador to India, held a discussion session with leading Emirati companies in India, which was organised by the "UAE-India Joint Business Council." The session aimed to provide a platform for Emirati companies to express their fears and opinions and exchange expertise, as well as to explain their expansion plans in India to Al Banna. Al Banna highlighted the importance of holding follow-up meetings and requested the companies to prepare summaries of their u…


2019-01-18

Hero Future Energies Pvt. Ltd is in talks to acquire Fotowatio Renewable Ventures’s 135 megawatt (MW) solar power project in India, two people aware of the development said. Owned by Abdul Latif Jameel Energy and Environmental Services, Fotowatio Renewables is the largest Arabian green energy utility. Its only investment in the Indian solar power space is located in Andhra Pradesh. Greenstone Energy Advisors, an investment bank focused on the Indian renewable energy sector, is managing the sa…


2019-01-18

 The saga of Jet Airways (India) Ltd continues, with its founder and promoter Naresh Goyal making a financial offer to State Bank of India (SBI) to retain control of the ailing airline, even as its single-largest public shareholder, Etihad Airways PJSC, has sought to oust him in exchange for infusing much-needed funds. Goyal has told SBI, Jet Airways’ largest lender, that he is ready to invest up to ₹700 crore and pledge all his shares, provided he retains at least a 25% stake in the a…


An unlimited number of highly-skilled Indian workers will be able to migrate to the UK under new proposals that could come into effect in 2021, with a senior British minister on Wednesday saying that in the new system the country will be open to the "best and brightest" from India. The UK also wants to ink a pact with India similar to the one New Delhi has with France, treating each other's academic degrees as equivalent for higher studies and jobs, sources said. The post-Brexit.....  Read mo…


Finance minister Arun Jaitley on Thursday gave a strong indication that the February 1 interim Budget may not necessarily be a vote-on-account, emphasising that the government could deviate from an election-year convention to meet challenges confronting the economy, like the one facing the farm sector. His address, at an award function organised by a TV channel, through a video link came against the backdrop of speculation on whether he would be able to present the Budget. Jaitley has gone …


2019-01-18

 Share buybacks typically boost share prices, at least for a while. It was different this fiscal year. Out of the 50 companies, which bought back shares in 2018-19, 68%—or 34 companies—saw their share prices fall. This includes all nine state-run companies that announced buybacks. Analysts said while a global slowdown and weak sentiments overshadowed share buybacks for most private companies, the commodity downturn hurt public sector units (PSUs) in the energy sector. Dhiraj Sachdev, manag…


2019-01-18

To promote biotechnology research and development in agriculture, the country’s Department of Biotechnology (DBT) and the Indian Council of Agricultural Research (ICAR) have inked a Memorandum of Understanding (MoU). The MoU will facilitate multi-disciplinary research and development activities and nurture innovations in biotechnology, agriculture, and education. The Indian Council of Agricultural Research (ICAR) has been coordinating, guiding, and managing research and education in agri…


2019-01-18

 Reliance Industries Ltd (RIL) on Thursday said fiscal-third quarter (Q3) profit rose 8.82% from a year earlier, driven by higher price realizations in its petrochemical, telecom and retail businesses. Net profit rose to ₹10,251 crore in the three months ended 31 December from ₹9,420 crore in the year earlier. Revenue grew 56% to ₹1.71 trillion from ₹1.09 trillion. The company was expected to post a profit of ₹9,476.3 crore on a revenue of ₹1.4 trillion, according to consensus esti…


2019-01-18

India has emerged as an inbound tourism market for Thailand, with arrival numbers expected to reach 5 million by 2023. Arrivals from India surged by more than 12% year-on-year to 1.43 million in the first... link:https://www.bangkokpost.com/business/tourism-and-transport/1613022/tat-cultivates-india-as-rich-source-of-tourist-arrivals


 Microsoft India plans to train 5 lakh youth in artificial intelligence across the country over the next three years and set up AI labs in 10 universities. The company would also upskill 10000 developers in emerging technology areas. The software major said 700 organizations including government bodies in the country are using its AI solutions now and nearly 60% of them are large enterprises. Microsoft said it is seeing faster transformation across businesses in India and that is resultin…


The country’s biggest dairy brand Amul has sent a legal notice to Google India, alleging that the technology giant has “benefited” from Google Search ad campaigns which are being “misused to scam individuals in the name of Amul”. “A series of fake B2B campaigns regarding Amul parlours and distributors have started through fake websites using Google Search ads since September 2018,” said the legal notice sent by Gujarat Cooperative Milk Marketing Federation (GCMMF) that owns Amul. …


Skeletons kept tumbling out of the closet in the forensic audit of embattled AmrapaliGroup, as court-appointed auditors on Wednesday told the Supreme Court that posh flats were booked on sums as low as Re 1, Rs 5 and Rs 11 per sq ft in the name of over 500 people. The audit found that 23 companies were floated in the name of office boys, peons and drivers and these firms were part of Amrapali consortium and were made fronts to divert home buyers' money. 


2019-01-17

Online tutoring startup Byju’s (Think & Learn Pvt. Ltd) has acquired Osmo, a maker of educational games, for $120 million in its first-ever purchase of a US company. The acquisition will help Byju’s offer learning solutions to children aged between three and eight by tapping into Osmo’s physical-to-digital technology and content. Byju’s has aggressive plans for the international market and will continue to make big investments in technology to further personalize learning for students,…


2019-01-17

Beleaguered airline Jet Airways (India) Ltd will be able to bring on a new majority investor bypassing an open offer if the civil aviation ministry or the directorate general of civil aviation (DGCA) says it is needed to save the airline, according to two people with direct knowledge of the matter. Mint had reported on Monday that Etihad Airways PJSC may take control of Jet Airways by securing 49% stake in it. This is one of the distress resolution formulas submitted to the lenders. Etihad…


2019-01-17

Baring Private Equity Asia Ltd is likely to acquire NIIT Technologies Ltd in a deal that may value the IT solutions company at ₹8,000-10,000 crore, said two people with direct knowledge of the matter. Credit Suisse has been given the mandate by NIIT to find a suitable buyer, the people said, requesting anonymity. Baring PE Asia will first buy the 30.58% stake held by the promoters of NIIT Technologies. At the end of December, NIIT Ltd held 23.58% stake, Rajendra Singh Pawar (as trustee of P…


2019-01-17

Students studying in schools that follow the Indian educational board CBSE (Central Board of Secondary Education), may be able to study artificial intelligence as an elective subject. With progress being made in the areas of AI and machine learning and their growing involvement in daily applications, it is important that school boards develop curriculums to keep up with global trends. A member of the CBSE board said that the decision to introduce artificial intelligence as a skill subject was ma…


2019-01-17

 India’s national public procurement portal, that is the Government e-Marketplace (GeM), has launched an initiative to enable women entrepreneurs and women self-help groups (WSHGs) to sell handmade crafts, home décor, and jute products, among others, directly to Government ministries, departments and institutions. The Government-owned eMarketplace functions under the Ministry of Commerce and Industryfor the procurement of common use goods and services by ministries, departments and centra…


2019-01-17

  The Kharagpur-based Indian Institute of Technology (IIT-KGP) announced it is set to launch a six-month Artificial Intelligence (AI) course at three centres in the country. The IIT-KGP Director said that the certified programme intends to strengthen India’s talent pool in machine learning and AI. The course is scheduled to begin in March this year, initially at Kharagpur, Bangalore, Kolkata and, possibly, Hyderabad. In 2018, IIT-Kharagpur set up a Centre for Artificial Intelligence. A…


2019-01-17

India’s biggest shopping festival, the Amdavad Shopping Festival, beginning from 17th to 28th Jan 2019, brings together over 5000 brands to offer you a unique shopping experience replete with lucky draw of prizes worth up to Crores and assured Gift Vouchers with unbelievable offers, along with activities for social cause that would make Ahmedabad Shopping Festival and Amdavad city worth our pride.Organized under the banner of Vibrant Gujarat and neatly managed by the Vibrant Shopping Fe…


2019-01-17

Facebook, in a major overhaul of business structure, has carved out India as a separate region with a six-member board that will be treated on a par with the one at its Menlo Park headquarters in the US. The India board will also be the first such for Facebook in any of its markets outside of the US. The local office will also report directly to Menlo Park and will no longer be part of Facebook’s Asia Pacific operations. Although the elevation of the status of the India office is a reflection …


Budget carrier GoAir is looking for an increase in flying rights to Thailand amid growing air passenger traffic, according to a senior airline official. GoAir Vice-President (International) Arjun Dasgupta said the airline wants to launch flights from seven more Indian cities, including Chandigarh and Lucknow, to Phuket. Currently, it has direct flights to Phuket from Delhi, Mumbai and Bangalore.  Read more at://economictimes.indiatimes.com/articleshow/67552371.cms?utm_source=contentofinterest…


2019-01-16

HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), received in his office HE Vipul, India’s Consul General in Dubai. The meeting discussed means of boosting cooperation and exchanging expertise between RTA and Indian entities operating in the field of railways, roads and transport. The two parties also discussed the upcoming roads and infrastructure projects in Dubai. Al Tayer praised the excellent relationships bet…


2019-01-16

Singapore-based investors and developers have over the years gained a firm foothold in India’s property market and are now venturing beyond commercial offices to bet on emerging sectors such as logistics, warehousing and urbanization projects. The way they are investing in other asset classes is much like the way they have deployed capital in India—patient and long-term—something that bears well in the country’s unpredictable regulatory and real estate scenario. Many of them have built a…


Infosys plans to create a bigger footprint in Japan to tap the transformation across the manufacturing sector through its joint venture with Hitachi, Panasonic and Pasona, as it looks to expand in a country that has long been averse to outsourcing. Infosys formed the alliance last month with two Japanese hi-tech electronics firms and one HR firm to build solutions that use digital technology platforms to improve indirect procurement.  Read more at://economictimes.indiatimes.com/articleshow/675…


2019-01-16

Tata Motors Ltd has a history of facing massive setbacks, only to rise stronger in the future. It finds itself in the midst of another perfect storm, with declining sales at its UK unit Jaguar Land Rover Ltd (JLR) resulting in a huge correction in its value. Tata Motors’ market value has plunged 62% in a year. So will Tata Motors’ Project Charge and Accelerate plan at JLR to cut costs and improve cash flows by a total £2.5 billion over 18 months work? Will investments into new car mode…


2019-01-16

Rahul Bajaj and his three cousins—Shekhar, Madhur and Niraj—have signed an agreement that outlines how the family will jointly own group companies and establishes formal processes to deal with issues related to succession, ownership and conflict resolution. The move confers on the Bajaj group the rare distinction of being India’s only large business family that has stuck together for four generations while ensuring a smooth transition for the fifth generation family members. “The whole t…


2019-01-16

Two-way trade between Vietnam and India experienced a year-on-year rise of 40 percent to reach 10.69 billion USD in 2018, according to statistics released by the General Department of Vietnam Customs. The increase was mainly due to the value of Vietnamese exports hitting 6.54 billion USD, up 74.2 percent against 2017. Among staples, machinery, equipment and parts recorded the strongest turnover with nearly 1.7 billion USD, up close to 427 percent year-on-year.Mobile phones and parts came next …


2019-01-15

The Abu Dhabi Securities Exchange, ADX, participated in the Partnership Summit 2019 in Mumbai, India on 12th and 13th January, 2019, as part of a UAE delegation led by Sultan bin Saeed Al Mansoori, Minister of Economy. At the event organised in collaboration with the host, the State Government of Maharashtra, the ADX delegation was led by Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX. The participation of the ADX was in line with its strategy to bolster its international presence,…


Bharti Airtel is in talks to buy Telkom Kenya, which will help the Sunil Mittal-led telco emerge stronger in the east African market and improve overall valuation of Airtel Africa in the run-up to its initial public offer (IPO), likely in May-June, people aware of the development said. Telkom Kenya is the third-largest telco in Kenya with over 5 million users, behind market leader Safaricom with over 30 million and Airtel Kenya, with 10 million-plus customers. It is 60% owne ..  Read more at:…


2019-01-15

Following implementation of new regulations imposed on DTH service providers and cable operators by the Telecom Regulatory Authority of India (TRAI), you can now reduce your monthly TV bill by limiting your subscription to only those TV channels you watch. Consumers have been given time till the end of this month to make a choice for uninterrupted service after January. In the new regulations, any DTH provider like Airtel DTH TV, Tata Sky or Dish TV can charge a maximum of only Rs 130, exclu…


Deutsche Bank’s India CEO Ravneet Singh Gill is the frontrunner in a two-horse race for the chief executive’s post at Yes Bank, said two people with knowledge of the matter. Gill and Yes BankNSE 4.48 % CFO Rajat Monga were the two recommended by the board of the bank for the position to the Reserve Bank of India (RBI) last week, they said. “These two names have gone to the RBI and Gill, by virtue of being an outsider along with his experience as CEO of a bank, is the frontrunner,” said …


Amazon’s food-only retail business will stop selling on Amazon.in if the government’s latest foreign direct investment (FDI) guidelines remain unchanged by next month. This would be a blow for the initiative as Amazon was the only foreign retailer to have committed investment — to the tune of $500 million — in the food retail segment after it opened up in mid-2016. In addition, Amazon’s planned acquisition of a stake in Future Retail may be delayed, people familiar with the m ..  Re…


2019-01-15

Etihad Airways PJSC may gain effective control of Jet Airways (India) Ltd, if lenders approve a resolution plan for the cash-strapped local airline, according to two people familiar with the ongoing discussions. The plan could see Etihad Airways raise its stake from the current 24%, and Jet Airways’s promoter and founder Naresh Goyal cede control of the airline that began operations more than two and a half decades ago, said the people cited above, requesting anonymity..........


2019-01-15

Vietnamese firms are introducing confectionery, beverages and fruits at the Indus Food 2019 fair, which opened on January 14 in Greater Noida city in India’s northern Uttar Pradesh state.The two-day event allows Vietnamese entrepreneurs to introduce the country’s farm produce in the local market, while seeking business opportunities with Indian and international importers. A seminar between businesses of Vietnam and India was held within the framework of the trade fair, with the participati…


The Reserve Bank of India (RBI) is working on a set of rules that would link remuneration of banks CEOs to parameters like balance sheet size of a bank, loan delinquency, profits and governance record. The proposed framework is expected to provide a broad template to the board of directors of banks while approving increase in salary, performance bonus and stock options to the senior most executive. The regulatory guidance that exists today is a general directive on the remuneration of senior…


TATA Consultancy Services will continue to invest aggressively to win deals as it looks to end FY19 with double-digit growth. CEO Rajesh Gopinathan told ET that the company has the operational discipline to deal with a slowdown but is still focused on winning the US market. Edited excerpts: http://bit.ly/2SSDPw5  


2019-01-14

Infosys shares today surged as much as 3% to Rs 705 after India’s second-largest software exporter by value raised its sales forecast for the year ending March citing a “healthy pipeline” of orders. Bangalore-headquartered Infosys, which announced third-quarter earnings after market hours on Friday, predicts revenue will expand as much as 9% from an earlier target of 8%. “Infosys delivered a strong positive surprise on revenue growth,” said Sudheer Guntupalli, a Mumbai-based technolog…


2019-01-14

India’s largest carmaker, Maruti Suzuki Ltd, pumped up discounts last month, boosting December retail sales to its highest ever and considerably trimming its inventory. Maruti’s showroom sales in December was around 220,000 units, 18.18% higher than around 180,000 units sold in the same month a year ago, according to two people aware of the development. This is also the company’s highest ever retail monthly sales, the people cited above said on condition of anonymity. Like other carmakers …


2019-01-13

a new Singapore-based AI startup called BasisAI raised S$8.2 million (US$6 million) in a seed funding round backed by Temasek and Sequoia India. It’s the second largest seed round raised by a Singapore startup, and it’s also noteworthy that they’ve gained the confidence of their prestigious investors, which have been better known to back more established or mature-stage companies. According to their press release, BasisAI’s mission is to build “scalable and accountable machine-learni…


India’s love for scooters seems to be waning, with high fuel prices and higher insurance costs putting off urban buyers. After leading the 2-wheeler segment for more than a decade, scooters have given way to motorcycles, which posted a faster pace of sales growth in 2018, driven by demand from rural India. While motorcycle sales grew by a robust 15% to 13.78 million units, scooter sales increased by 9% to 6.95 million units, according to industry data. This helped overall two-wheeler vo .. …


Mohit Shetty talks about languages as if they are people. “Tamil is missing.” “Is Hindi on its way?” “Telugu will be here by evening, right?” he asks his team over the phone. In the last six months, Shetty’s post-production company QLAB has subtitled 3,600 hours of English content for streaming platforms. To put things into perspective: that’s 30 times the content of the Friends sitcom that had 236 episodes, each running for about half an hour. It’s been a high volume, high st…


2019-01-13

Coimbatore’s 100-year-old Lakshmi Mills—one of the oldest textile mills in one of the biggest textile hubs in India—is now fully mechanized. The amount of yarn and cloth produced here is no longer measured in units of length, but units of weight—in quintals and tonnes instead of metres. Yet, from 20-27 January, a 30,000 sq. ft hall inside the mill’s compound will be given over to the display and study of handspun, handwoven cotton cloth. A week-long exhibition and conference organized …


2019-01-13

Yes Bank, India’s fourth-largest private sector bank, on Saturday announced the appointment of Brahm Dutt as non-executive part-time chairman. “The Reserve Bank of India, pursuant to the provisions of the Banking Regulation Act, 1949, and basis Mr Brahm Dutt’s outstanding credentials and experience, has approved his appointment...up till July 4, 2020,” Yes Bank said in a regulatory filing. Brahm Dutt has been on Yes Bank’s board since July 2013 as an independent director, and contribut…


Every evening, Manish Pradhan plays squash at Integral Coach Factory’s officers club in Chennai. After a day of hard work at the railway workshop, the 50-year-old engineer finds the game a stressbuster and often out-manoeuvers opponents. But till recently, he faced a challenger. Playing with Sudhanshu Mani, the factory’s former boss, was always difficult even though he was 10 years older, Pradhan recalls. In the court, as they alternately tackled the ball, Mani would ask Pradhan about t ..…


2019-01-12

The Minister of Finance and Corporate Affairs and the Minister of State for Power and New and Renewable Energy have launched the induction of 15 electric vehicles (EVs) for government officers. According to a press release, the Department of Economic Affairs (DEA), has signed an agreement with Energy Efficiency Services Limited (EESL). EESL is state-run and was developed under the Ministry of Power. The agreement includes the deployment of electric vehicles for their officers. Also, 28 ch…


2019-01-12

The Infosys board on Friday approved a share buyback for up to Rs 800 a piece, which will cost the company around Rs 8,260 crore. This is the second share buyback in the company’s history. The first was in December 2017. A company can do a share repurchase only once a year. That moratorium ended last month for the company. At its maximum price and size, the buyback will include 103.250 million shares, comprising around 2.36% of the paid-up capital of the company on a standalone basis. The co…


2019-01-12

During her research for Good Earth’s latest design collection Gandhara, inspired by the historical kingdom of Gandhara (in present-day Pakistan), Anita Lal discovered the extensive use of terracotta and pottery during the period. The realization led the 70-year-old and her team of designers and artisans to revive pottery in their collection. Pottery, the Good Earth team likes to say, is Lal’s first love. She was a studio potter before she launched Good Earth in 1996, and the early designs c…


India’s biggest mobile phone companies Vodafone Idea, Bharti AirtelNSE -0.65 % and Reliance Jio Infocomm are planning to woo the 130 million people expected to arrive for the Kumbh Mela, which starts January 15, with special services and plans over the two months that the event will run. On offer are radio-frequency identification (RFID) tags to locate those who might get lost, apps that offer realtime travel information, emergency helplines and area routes. Apart from live streaming o…


Middle East

Engel & Volkers, the high-end real estate brokerage, has been appointed exclusive sales agent to officially launch the final phase of Sparkle Towers, a residential project being built in Dubai Marina in a deal with crystal giant Swarovski. The building owned by Dubai-based development company Tebyan, will offer investors a range of luxury studios, one-, two- and three-bedroom apartments as well as two four-bedroomed penthouses. Prices start from AED845,000. “What makes this development unique …


Hyperloop Transportation Technologies (HyperloopTT, HTT) appointed a design lead for its planned project on the Dubai-Abu Dhabi border, in a major step towards making the futuristic commercial travel system a reality in the UAE. A team led by Lebanese design and engineering giant Dar Al-Handasah will begin construction of the first commercial Hyperloop system in Abu Dhabi in Q3 2019. In addition to joining the project as design lead, the Dar Al-Handasah is also on board as investor with Hyperl…


The Department of Economic Development (DED) in Dubai issued 20,467 new licences during 2018 as the emirate continued to enhance its appeal as a destination for sustainable business growth. Overall, 248,769 business registration and licensing transactions were recorded in the Business Map digital platform of DED last year, an increase of 4.6 percent over 2017, as more businesses and investors took advantage of the emirate’s competitiveness and increasing opportunities across diverse economic s…


The UAE government has named the 20 recipients of the first batch of long-term visas announced on Wednesday. The 10-year visas have been granted to the winners and finalists of the first and second editions of the Mohammed bin Rashid Medal for Scientific Excellence, following the decision issued by the UAE Cabinet to grow the country's status as an incubator of talent and innovation......


2019-01-18

Dr. Ahmed Abdulrahman Al Banna, UAE Ambassador to India, held a discussion session with leading Emirati companies in India, which was organised by the "UAE-India Joint Business Council." The session aimed to provide a platform for Emirati companies to express their fears and opinions and exchange expertise, as well as to explain their expansion plans in India to Al Banna. Al Banna highlighted the importance of holding follow-up meetings and requested the companies to prepare summaries of their u…


2019-01-18

Abu Dhabi Department of Energy has opened the region's first Grid Scale Battery Deployment and the world's largest Virtual Battery Plant with a capacity of 108 megawatts distributed over 10 sites across the emirate. The opening, which coincides with the Abu Dhabi Sustainability Week 2019, marks the first integrated control system for energy storage in Abu Dhabi. It aims to serve the city by ensuring load balancing during the day. "The landmark deployment ensures sustainable energy supply across …


2019-01-18

Superior product and service offerings steer the airline to multiple awards and the biggest winner status Emirates, the world’s largest international airline, celebrated a hat trick win at the 2018 Business Traveller Africa Awards. Emirates received awards for Best Business Class – for the second consecutive year, Best International Long-Haul Airline and Best Airport Business Lounge, underpinning its brand promise to offer a ‘better’ flying experience. The Lounge award is for Emirates…


2019-01-18

Hero Future Energies Pvt. Ltd is in talks to acquire Fotowatio Renewable Ventures’s 135 megawatt (MW) solar power project in India, two people aware of the development said. Owned by Abdul Latif Jameel Energy and Environmental Services, Fotowatio Renewables is the largest Arabian green energy utility. Its only investment in the Indian solar power space is located in Andhra Pradesh. Greenstone Energy Advisors, an investment bank focused on the Indian renewable energy sector, is managing the sa…


The Russian Direct Investment Fund (RDIF) is planning to multiply the number of investment deals with Saudi Arabia “by several times” in 2019, the sovereign wealth fund said in a statement. The announcement comes as the RDIF leads the first Russian business mission of the year to the kingdom, bringing along more than 20 majority stakeholders and senior managers of companies including petrochemicals holding SIBUR, submersible pump manufacturer Novomet and fertiliser producer Phosagro. In Saud…


Saudi Arabia hired HSBC Holdings Plc banker Rayyan Nagadi to set up a privatisation unit at the ministry of finance as the kingdom forges ahead with plans to sell state assets, people familiar with the matter said. Nagadi, previously head of project and export finance at HSBC Saudi Arabia, will advise the ministry on its privatisation process and will work closely with the National Center for Privatisation, the people said, asking not to be identified as the information hasn’t been made public…


Saudi Arabia said it will start building the first residential area in a proposed $500 billion futuristic city that’s become a symbol of Crown Prince Mohammed bin Salman’s ambitions for life after oil. The kingdom plans to start work on Neom Bay in the first quarter this year, according to the state-run Saudi Press Agency. The area will have “white beaches, a mild climate and an attractive investment environment,” SPA said. Phase 1 will be completed by 2020, according to the agency......


Sharjah-based carrier Air Arabia has filed a misdemeanour case against Abraaj founder Arif Naqvi. In a statement, Air Arabia said the court filing follows earlier arbitration proceedings that took place in July. “Air Arabia has investments outstanding with private equity firm Abraaj,” the statement said.     “In addition to Air Arabia’s claims submitted in the provisional liquidations of Abraaj Holdings and Abraaj Investment Management Limited, Air Arabia has commenced with lega…


2019-01-17

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to unveil its Sustainable Finance Agenda at the inaugural Abu Dhabi Sustainable Finance Forum (ADSFF), held during the Abu Dhabi Sustainability Week. In addition, 25 key public and private entities and institutions committed themselves to the Abu Dhabi Sustainable Finance Declaration to jointly advocate sustainable finance and investments and to foster positive, economic, social and environmental impacts …


2019-01-17

Dubai Chamber of Commerce and Industry led a delegation of UAE retail leaders to New York earlier this week to participate in NRF 2019: Retail’s Big Show, the world’s largest retail expo and conference, where the delegates explored the latest trends and technologies reshaping the future of the global retail sector. The delegation was headed by H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber, and joined by CEOs and C-level executives representing several retailers and companies in the U…


2019-01-17

عبد الله بن زايد يستقبل رئيس مفوضية الاتحاد الأفريقي


2019-01-17

انطلاق "مهرجان أبوظبي للعلوم" 31 يناير الجاري


2019-01-17

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Mohamed Ould Abdel Aziz of Mauritania witnessed the signing of the agreement between the Khalifa Fund for Enterprise Development and the Mauritanian Deposit and Development Fund, on Sunday in Abu Dhabi. The USD 25 million agreement is aimed at providing support for micro, small- and medium-sized enterprises in Mauritania. In attendance were H.H. Sheikh Ha…


The world’s longest zipline in Ras Al Khaimah will resume operations this weekend, two weeks after a helicopter crash killed four rescue personnel on Jebel Jais, according to its operator. The incident, which took place on December 29, led to the deaths of three UAE nationals and a South African who were conducting a search and rescue mission in the area. At the time, local media widely reported that the helicopter struck part of the zipline’s facilities.   In a statement to local me…


For Saudi equities, 2019 may be a story of two halves. The kingdom’s stocks are set to rally in coming months as billions of dollars gush into the market on its inclusion in benchmarks for developing-nations. But that may give way to selling before Ramadan, the month of fasting which will begin in May, as concerns over reforms and oil move back to the forefront, according to Nomura Asset Management. It will be “a positive first half and a potentially negative second half,” said Tarek Fadla…


Emirates NBD reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The bank reported a net profit of $2.73 billion (AED10bn), supported by a 22% year-on-year improvement in provisions. The bank ended the year with assets of $136 billion (AED500bn), up 6% on 2017 The state-controlled lender recommended a dividend of 40 fils a share, unchanged from a year ago............


Dubai property brokers are seeing an increasing number of owner-occupiers buying properties in the emirate. Samer Abdin, GM of Dubizzle Property, speaking on this week’s AB Live, said the dynamics of Dubai’s property markets are changing, with more end users investing in homes. “One of the shifts that has happened in the real estate market is when you go back a few years, it was primarily an investor-driven market from a sales point of view. Now we are seeing more and more, the shift to en…


2019-01-16

International and regional investors can use the futures to gain exposure to UAE market Nasdaq Dubai launched futures trading on the MSCI United Arab Emirates (UAE) equity index, in the latest expansion of the exchange’s futures market. The contracts are designed to appeal to international and regional investors seeking exposure to leading UAE companies. Robert Ansari, Executive Director - Head of the Middle East of MSCI, rang the market-opening bell at Nasdaq Dubai MarketSite to celebrate th…


2019-01-16

HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), received in his office HE Vipul, India’s Consul General in Dubai. The meeting discussed means of boosting cooperation and exchanging expertise between RTA and Indian entities operating in the field of railways, roads and transport. The two parties also discussed the upcoming roads and infrastructure projects in Dubai. Al Tayer praised the excellent relationships bet…


2019-01-16

2018 was another successful year for the Al Qasimi Foundation's research, capacity development, and arts and culture initiatives. We hosted the 8th Biannual GCES Symposium, partnered with the Ministry of Education on the UAE-Vietnam Teacher Exchange, coordinated the Ras Al Khaimah Future Careers Forum, and with the help of our community were able to make the 6th Annual Ras Al Khaimah Fine Arts Festival our best yet.


Jebel Jais Flight, the world's longest zip line, will reopen on Saturday following the tragic helicopter accident that killed four people on December 29. The zipline was closed to the public at the time of the accident and remained closed while a thorough investigation took place. According to the guidelines of Civil Aviation, the popular visitor attraction is now safe to reopen. "Now that we are absolutely certain that everything has been tested and continues to operate to the highest internati…


2019-01-16

    عملت دائرة البلدية والتخطيط بعجمان وبالتعاون مع شركة إيمز على تقديم خدمة خيمة العزاء على مدار 10 سنوات بما يقارب (1945) مستفيد من تلك الخدمة المجانية للمواطنين والمقيمين في إمارة عجمان وزودت بكافة مستلزمات مراسم العزاء وكلفت الدائرة فريق عمل متكامل ومدرب بمهمة فك وتركيب ال…


2019-01-16

مواصلات عجمان تنظم ورشة بعنوان "معا للتميز" لسائقي مركبات الأجرة ajmantransport #مواصلات_عجمان. .        



2019-01-16

"بيئة أبوظبي" تصدر أول أطلس للمياه الجوفية في الإمارة لتعزيز كفاءة إدارة الموارد المائية


2019-01-16

A 50-year-old man in Ajman was recognised by local authorities for his exemplary behaviour and heroism when he rose to the challenge and saved the life of a young boy. Bangladeshi citizen Farouk Islam Nour Al Haq was awarded on Tuesday by Ajman Civil Defence for his role in rescuing a three-year-old boy, who was thrown off the balcony of a burning apartment on the second floor. The incident happened last Monday, when a residential building in the Al Nuaimiya 2 area of Ajman caught fire. …



Speculation over Saudi Arabia’s rumoured building of an oil-refinery in Pakistan has been all-but set in stone after the Minister for Petroleum and Energy Khalid Bin Abdul Aziz Al-Falih’s visit to the country today. Al Falih visited the port city of Gwadar that stands at the apex of China’s $60 billion investment in a transport corridor running through Pakistan. There he spoke to reporters and said that Saudi Arabia will visit $10 billion in an Aramco run oil refinery. Al Falih is quoted b…


2019-01-15

The second edition of the Jubail Energy Management Conference kicked off on Monday, running until Tuesday, at the King Abdullah Civilization Center.The conference brings together industry, government and academic interests to improve energy management in Saudi Arabia.The event is held under the patronage of the CEO of the Royal Commission in Jubail, Mustafa Al-Mahdi, along with officials, researchers and experts in the field of energy, from around the world.Director General of Operation and Main…


2019-01-15

ACWA Power is considering supporting the manufacturing of solar panels in KSA, its CEO said, as the power and water plants developer seeks to facilitate Saudi Arabia’s plans to develop its renewable power industry.Riyadh-based ACWA Power, partly owned by Saudi Arabia’s Public Investment Fund (PIF), does not plan to become a manufacturer of solar panels, but is “open to the idea of supporting and enabling the right environment in the Kingdom to welcome in manufacturers,” a spokesman told …


2019-01-15

The Abu Dhabi Securities Exchange, ADX, participated in the Partnership Summit 2019 in Mumbai, India on 12th and 13th January, 2019, as part of a UAE delegation led by Sultan bin Saeed Al Mansoori, Minister of Economy. At the event organised in collaboration with the host, the State Government of Maharashtra, the ADX delegation was led by Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX. The participation of the ADX was in line with its strategy to bolster its international presence,…


2019-01-15

Over the past ten days, more than 50,000 people have attended Winter Day Out, an event sponsored by the General Entertainment Authority (GEA), at The Gathering in Riyadh’s Masharef Hills development complex. Now in its second year, Winter Day Out is one of around 5,000 events either organized or sponsored by the GEA planned for 2019.  Running from Jan. 3 until Saturday night, thousands of people arrived daily, braving the cold winter weather to walk through the scenic gardens, and enjoy the f…


2019-01-15

Mubadala Investment Company, through its healthcare investment team, Mubadala Healthcare, today announced the acquisition of Amana Healthcare, the region’s leading provider of long-term care, specialised rehabilitation, and home healthcare services. Amana Healthcare, founded in Abu Dhabi and US-accredited, is the first healthcare provider in the Middle East to offer an integrated continuum-of-care to patients across the region. Amana Healthcare operates hospitals in Abu Dhabi and Al Ain and pr…


2019-01-15

King Abdullah of Jordan visited Iraq on Monday to activate security agreements between the two countries and finalize an oil pipeline project from Basra to the port of Aqaba. The king, on his first visit since 2008, was greeted by President Barham Salih on a red carpet at Baghdad airport before heading to meet Prime Minister Adel Abdul Mahdi. Salih welcomed the visit as strengthening “joint interests and security.” The visit took place amid confusion in the region after the US administration…


2019-01-15

• New analysis on outlook for UAE and global economies released during recent business seminar at Dubai Chamber • MENA region accounts for the largest share of Dubai’s exports (41%), followed by “Emerging Asia” with 26%, and Sub-Sahara Africa (18%) The UAE is forecast to achieve an average real GDP growth rate of 3.8% between 2019 and 2023, supported by an increase in investment flows and private consumption, according to new analysis from Dubai Chamber of Commerce and Industry. Key dr…


2019-01-15

Taxi bookings carried out by the Booking and Dispatch Center at the Public Transport Agency of Dubai’s Roads and Transport Authority (RTA) has touched 12,367,866 bookings in 2018, recording in the process a 17% rise compared to the figure reported in 2017 that was 10,573,855 bookings.  “The average time taken to dispatch taxis to clients last year clocked 11.35 minutes. The Center has carried out benchmarking with Singapore and Western Australia to work out the rate of successful bookings m…


2019-01-15

Etihad Airways PJSC may gain effective control of Jet Airways (India) Ltd, if lenders approve a resolution plan for the cash-strapped local airline, according to two people familiar with the ongoing discussions. The plan could see Etihad Airways raise its stake from the current 24%, and Jet Airways’s promoter and founder Naresh Goyal cede control of the airline that began operations more than two and a half decades ago, said the people cited above, requesting anonymity..........


His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, along with a number of world's leaders on Monday attended the opening of Abu Dhabi Sustainability Week, which is being held this year under the theme 'Industry Convergence: Accelerating Sustainable Development'. Also present during the opening ceremo…


2019-01-15

 A man caught and saved a child thrown from the second floor of a burning apartment building by his desperate mother, Ajman Civil Defence said on Monday. While the three-year-old boy escaped unscathed, the Asian mother who jumped after her son suffered multiple injuries. Also injured was an Arab man who jumped from the first floor of the burning building, while a family of seven also had to be rescued. Lieutenant Colonel Raeed Obaid Al Zua’abi, deputy director of the station's departm…


2019-01-14

Joe Kaeser, CEO of German engineering giant Siemens, notably missed the Future Investment Initiative (FII) Summit in Riyadh in October. But he was back in the region last week to take the pulse of his business in the Middle East and had a message for Saudi Arabia: Your Vision 2030 strategy has a compelling logic — now make sure you see it through. Kaeser — arguably the most powerful businessman in the biggest economy in Europe, and boss of the world’s leading engineering company — was at…


2019-01-14

The second Saudi Philanthropic Fellowship program, organized in tandem with the King Khalid Foundation (KKF) and the Bill & Melinda Gates Foundation, was launched on Saturday at the KKF’s headquarters.Called Shaghaf, meaning “passion,” the program will aim to attract young Saudis curious about careers in the nonprofit sector by providing information, improving its image, and organizing international training and experience.


2019-01-14

The achievements report of the Saudi Arabian General Investment Authority (SAGIA) for 2018 showed a 99 percent increase in the number of licensed investments and a 100 percent increase in the number of investment expansion requests.The report also showed that the time required for issuing a new license has been reduced to 2.5 hours, the time required for modification services has been reduced to three hours, and the investors’ general satisfaction rate has reached 94 percent.Ibrahim Saleh Al-S…


2019-01-14

H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received on Sunday, Claudio Descalzi, CEO of Eni, Italy’s largest energy company, during which a long-term agreement in oil and gas exploration was signed. The agreement awards Eni three long-term concessions to explore and develop onshore oil and gas fields in a 30-year partnership with the Sharjah National Oil Corporation, SNOC. H.H. Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chair…


2019-01-14

Sharjah's Ruler HH Sheikh Dr Sultan bin Mohamed Al Qasimi has signed a long-term agreement awarding Eni three long-term concessions to explore and develop onshore oil and gas fields in a 30-year partnership with Sharjah National Oil Corporation (SNOC).   Earlier, Sheikh Dr Sultan received in his office Claudio Descalzi, CEO of Eni, Italy’s largest energy company, in the presence of Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and chairman of Sharjah Petroleum Council; Sheikh Sul…


South East Asia

The number of foreign nationals investing in the Cambodia Securities Exchange (CSX) increased significantly last year, with Chinese and Japanese investors leading the hike, according to the latest CSX report. Last year, more than 20,000 investors traded on CSX. Of those, 3,090 were foreigners, an increase of nearly 19.5 percent year-on-year. “These are very good results compared to 2017, when the increase in foreign investors was just 7.44 percent.......


2019-01-18

A carnival themed “Con duong tho cam” (Brocade road) took place in Gia Nghia town, the Central Highlands province of Dak Nong on January 16. The event, part of activities in the first Vietnam brocade culture festival in Dak Nong, attracted 2,000 craftsmen and professional and amateur artists from 17 Vietnamese provinces and cities as well as foreign delegations from Laos, Cambodia and Indonesia. It included the performance of Gong and traditional instruments, as well as traditional singing…


2019-01-18

Ko Shwe Ventures, the Singapore firm behind oral healthcare product Zingo, announced that it had raised US$350,000 of initial seed financing from international investors to launch the product across Myanmar.     Zingo is a range of oral healthcare products specially designed to address the effects of consuming quid or betel nut. In Myanmar, about 40 percent of the population chews betel nut and over 40pc of betel users have reported experiencing mouth sensitivity and inflammation due to ex…


2019-01-18

VNA 


2019-01-18

Ascent Capital Partners, a Singapore-registered fund manager, has launched a Myanmar-focused private equity fund focusing on companies in the consumer, education, financial services, healthcare and the technology, media and telecommunications sectors in the country. The anchor investors in the Ascent Myanmar Growth Fund I (AMGF) are U Aung Moe Kyaw, founder of Myanmar Distillery Co (MDC), which owns the Grand Royal whiskey brand, and Singapore businessman Tony Chew, who is co-founder of MDC …


2019-01-18

Standard Chartered Bank has forecast that Vietnam will see a stable economic growth of 6.9 percent in 2019, buoyed by strong FDI-supported manufacturing industry.The forecast was highlighted at the bank’s Global Research Briefing held in Ho Chi Minh City on January 16.The bank’s Chief Executive Officer, Vietnam and ASEAN and South Asia Cluster Markets Nirukt Sapru said that most of the Vietnam’s macroeconomic indices showed improvements in 2018, with bad debts kept under 3 percent, and sta…


2019-01-18


2019-01-18

Vietnam Airlines Corporation (Vietnam Airlines) has been named one of 10 best companies on the Top 50 Vietnam: The Best in 2018 list for the third consecutive year. This was revealed at the recent announcement of the Vietnam Top 500 largest enterprises (VNR500) in 2018. The firm also ranked first among the year’s top 10 most prestigious transport and logistics companies........


2019-01-18

The Ministry of Science and Technology of Vietnam and Australian Government have agreed on a partnership to work together in the fields of science, technology and innovation. The Australia – Vietnam Innovative Project -Aus4Innovation was officially launched on January 10. Aus4Innovation is designed to implement the Partnership on Innovation between Australia and Vietnam, which was initially established in APEC 2017 by former Australian Minister of Foreign Affairs and Trade Ms Julie Bishop an…


2019-01-18

India has emerged as an inbound tourism market for Thailand, with arrival numbers expected to reach 5 million by 2023. Arrivals from India surged by more than 12% year-on-year to 1.43 million in the first... link:https://www.bangkokpost.com/business/tourism-and-transport/1613022/tat-cultivates-india-as-rich-source-of-tourist-arrivals


2019-01-18

ETDA is launching the ‘Young Talent Platform’ during Thailand’s e-Commerce Week 2019 (31 January – 2 February 2019) to bring together young Thai people with the aim of helping them be digitally ready for working in the e-Commerce era. The Electronic Transactions Development Agency (ETDA) announced that they aim to attract 1 million teenagers to join the e-commerce workforce and 200,000 micro-SMEs to go online this year to boost the online economy. Ms Surangkana Wayuparp, president of ET…


2019-01-18

The government of the Czech Republic along with 39 companies from the Central European country met with the Thai government on Wednesday to discuss investment in trade and technological development in... link:https://www.bangkokpost.com/business/news/1613082/czechs-eye-thai-trade-technology


Foreign groups are signing up to build shared cell towers in the Philippines as the Department of Information and Communications Technology (DICT) opened the door to more players. On Thursday, Nigeria’s IHS Towers, the world’s third largest independent operator, and Malaysia’s Edotco Group, which operates across six countries in the region, signed agreements with the DICT to signal their intention to meet the country’s backlog of 50,000 towers. Read more: https://business.inquirer.net/2…


PRU LIFE Insurance Corp. of UK (Pru Life UK) is planning to launch an asset management and trust unit within the year. Pru Life UK Senior Vice-President and Chief Marketing Officer Allan M. Tumbaga said the British company is in the process of securing approvals for Pru Life UK Asset Management and Trust Corp. “It has gone through the SEC (Securities and Exchange Commission)…. So we’re back with the BSP (Bangko Sentral ng Pilipinas) now. We’re putting in all the BSP requirements for us t…


PUREGOLD Price Club, Inc. raised P4.69 billion through top-up share placement to finance its capital expenditures and potential acquisitions for the year. In a disclosure to the stock exchange on Thursday, the listed supermarket operator said it conducted a share sale consisting of about 104 million common shares at P45 each. This comprises around 3.8% of the company’s total issued and outstanding stock. The top-up placement price represents a 6.8% discount from the Puregold’s share price of…


MORE FLIGHTY FOREIGN FUNDS entered the Philippines in 2018, beating the central bank’s expectation of a net outflow as investor optimism rebounded just before the year ended. December saw $278.11 million in foreign portfolio investments net inflows, marking the second straight month of net inflows even if it was less than November’s $832.07 million and the year-ago $456.93 million, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. These investments are referred to as “hot money,…


2019-01-18

The cyber resiliency initiative of the Philippines is strengthened by the launching of the Cybersecurity Management System Project (CMSP) by the Department of Information and Communications Technology (DICT) on Wednesday, 16 January 2019. According to a recent report, the CMSP will be the Philippine government’s national platform for intelligence sharing. This will comprehensively monitor threats and defend the country’s cyber infostructure from cyberattacks. Starting from the issuance of t…


2019-01-18

Bukalapak, one of Indonesia largest e-commerce firms, has secured a new $50 million investment from a fund led by South Korea's Mirae Asset Daewoo and web portal Naver Corp. The fund should help the company, which celebrated its ninth anniversary last week, to continue expanding and compete with its closest rival, Tokopedia, for domination in a market of 260 million people. "We hope that with the support from this partnership, we can further accelerate our steps to innovate through technology t…


Saving and lending cooperatives, locally known as simpan-pinjam, have dominated grassroot-level financing for decades in Indonesia, but they are now tussling with technology as they compete with internet-based lenders. Some of the cooperatives are opening up to new technology by partnering with fintech lenders. For example, Koperasi Syariah Benteng Mikro Indonesia (Kopsyah BMI) in Tangerang, Banten, collaborates with nonprofit crowdfunding platform Kiva since 2014 to increase its capital and th…


2019-01-18

Vase.ai is an online market research company that helps brands get an insight to consumers and target markets. The platform was founded in 2015 by three co-founders and now has over 250,000 users on their platform.  Marketers need to have the right skill sets and confidence to make informed decisions about their company’s business goals and targeted audience. However, most companies don’t have the resources to understand their target markets enough to make the right decisions. Companies us…


2019-01-18

Former poultry producer Sinmah Capital Bhd (SMCap) plans to build between 20 and 25 hospitals in 10 years to capture the bottom 40 (B40) and middle 40 (M40) income groups. Aiming to provide affordable healthcare services, SMCap, through its unit Sinmah Amegajaya Healthcare Sdn Bhd, plans to begin construction of four hospitals in Malacca and Negri Sembilan respectively under the "Integrated Public-Private University Hospital" (IPPUH) concept.   SMCap group managing director Datuk Fong Kok Yong …


2019-01-18

Healthy snack e-commerce platform Signature Market have announced a successful Series A funding round led by RHL Ventures. Using their proprietary platform, Signature Market is able to offer healthy snacks to consumers at lower costs compared to competitors. They plan to use this funding to strengthen their hold on current markets and also possibly expand into neighbouring regions in the future. Just today, healthy food e-commerce platform Signature Market announced their success in receiving…


2019-01-18

Proton Holdings Bhd's indirect wholly-owned subsidiary Proton Automobiles China Ltd (PACL) has been slapped with a RM523 million civil suit by a former Chinese partner. Proton parent DRB-HICOM Bhd said PACL and another unit Perusahaan Otomobil Nasional Sdn Bhd (PONSB) were named as defendants in the civil complaint served by Goldstar Heavy Industrial Co Ltd, which is claiming 860.61 million renminbi. PACL and PONSB must appear in China's Guangdong High People’s Court on July 9 this year, DRB-H…


2019-01-18

All Malaysian digital asset offerings will now need government authorization and will have to meet anti-money laundering and cyber-security guidelines. The Securities Commission is beginning to implement new regulations on Initial Coin Offerings (ICOs) and the trading of digital assets, this is because up to now this sector has been unregulated.     Malaysia’s Finance Minister YB Tuan Lim Guan Eng announced that cryptocurrencies and initial coin offerings have come under regulation on from T…


2019-01-18

Dropee have been awarded RM1.4 million in funding from venture firm Vynn Capital. They plan to use their new funds to introduce new products and expand deeper into their target markets. This morning, Malaysian B2B e-procurement marketplace Dropee announced their success in acquiring RM1.4 million in seed funding in a round led by early stage-focused Vynn Capital. Incepted in 2016, Dropee’s one-stop marketplace aimed to disrupt the B2B supply chain by connecting product suppliers directly wi…


Singapore's strong wage growth in 2018 may moderate this year amid uncertainties in the global economy but certain sectors are still likely to boost headcount, a report said. Sectors that will continue to grow are information technology and communications, life sciences, and digital marketing, according to the 2019 market outlook report by recruitment agency Randstad. "With digital transformation projects ongoing in Singapore and new technologies being adopted at a rapid pace, the employment sce…


Fundamental indicators are pointing to a positive investment outlook in 2019, UOB Asset Management (UOBAM) said in a media statement on Thursday (Jan 17). UOBAM is "overweight" on the Singapore market in the first quarter of 2019, citing a steady earnings outlook "led by the government's fiscal ability to support growth, a more stable property market and improved profitability of banks". It is "slightly overweight" on equities and "slightly underweight" on fixed income in the first quarter......…


Prime Minister Lee Hsien Loong on Thursday (Jan 17) received a phone call from Canadian Prime Minister Justin Trudeau, during which Mr Trudeau briefed Mr Lee on the ongoing dispute between Canada and China. "Prime Minister Lee noted the importance of all countries following due process of the law, and being seen to be doing so, when dealing with cases involving foreign nationals," the Prime Minister's Office (PMO) said in a statement on Friday."He expressed the hope that the matter would be res…


All food products containing alcohol – except beverages – will be exempted from the Liquor Control Act from Friday (Jan 18), the Ministry of Home Affairs (MHA) announced.  With the change, food products such as rum and raisin ice-cream can be sold and consumed after 10.30pm in public places.   “MHA and the police will monitor the ground situation, and periodically review and update the legislation as required,” the ministry said in the press release on Thursday. Read more at https://ww…


SINGAPORE-LISTED property players aren't seeing a significant impact of the Brexit crisis on their operations and investments in the UK for now, but are watching developments closely. They say that in the meantime, factors like solid leases, diversification and taking a long-term outlook will help them ride out the waves. The UK is due to leave the EU on March 29 and political uncertainty over the issue has risen sharply since British MPs widely rejected the EU withdrawal agreement. Prime Minist…


A unit of Japanese electronics retailer Nojima Corp is making a conditional cash offer for Courts Asia at $0.205 per share as it seeks to gain a strong foothold in South-east Asia. The offer price represents a premium of about 35 per cent above Courts' closing price on Jan 16, and a premium of about 36.1 per cent, 34.3 per cent and 23.3 per cent above the volume-weighted average price (VWAP) per share for the one-month, three-month and six-month period respectively. Courts' shares closed at 15…


Israeli biotechnology company BetterAir is aiming to capture a slice of Asia's burgeoning air purifier market as it brings its products to Singapore for the first time.   According to Research and Markets, the Asia Pacific market is the fastest growing and will account for 35 per cent of the global market share by the end of 2023. Read more at https://www.channelnewsasia.com/news/technology/israel-biotech-company-sniffs-out-opportunity-in-apac-s-11133608


2019-01-17

HCM City and Hà Nội remained among the global Top 10 most dynamic growing cities in JLL’s Short-Term City Momentum Index (CMI) 2019, which tracks socio-economic and commercial real estate growth in 131 cities over a three-year period. With Hà Nội in third place and HCM City eighth, Việt Nam was the strongest performer with two cities ranking the highest in ASEAN, said JLL. In its report, JLL said that the two cities in Việt Nam performed very well for socio-economic momentum, with…


2019-01-17

Continuing the promotion series of the biggest programme ‘Love connection – Fly for love’, low-cost carrier Vietjet is offering three golden days on January 16, 17 and 18 with 1.8 million super-saving tickets priced only from zero dong at website www.vietjetair.com. The promotional tickets are applied at golden hours from 12:00 to 14:00 for all domestic routes. The flight period is from February 14, 2019 to December 12, 2019.They are available via sales channels on website www.vietjetai…


2019-01-17

Vietnam had 695 local special products registered for intellectual property protection in 2018 out of more than 4,800 specialties. The figures were released at a conference held by the steering committee for the “Vietnamese prioritise using Vietnamese goods” campaign in Hanoi on January 15 to review its operation last year and set out tasks for 2019.The decade-long campaign has helped stimulate the development of local businesses through efforts to improve products’ quality and sell at mo…


2019-01-17


2019-01-17

According to a recent report, the Vietnamese government recently approved a cooperation agreement in science, technology and innovation with Thailand under Resolution No.155/NQ-CP. The government has assigned the Ministry of Science and Technology to coordinate with relevant agencies of the two countries to implement the document. In 2017, the two nations’ Prime Ministers witnessed the signing of this agreement between the Vietnamese and Thai ministries of science and technology. The agreemen…


2019-01-17

The Stock Exchange of Thailand (SET) plans to apply for a digital asset operating licence from the Finance Ministry, aiming to open a new exchange and become an authorised digital asset exchange this year. The... link:https://www.bangkokpost.com/business/finance/1612362/set-eyes-digital-licence


Budget carrier GoAir is looking for an increase in flying rights to Thailand amid growing air passenger traffic, according to a senior airline official. GoAir Vice-President (International) Arjun Dasgupta said the airline wants to launch flights from seven more Indian cities, including Chandigarh and Lucknow, to Phuket. Currently, it has direct flights to Phuket from Delhi, Mumbai and Bangalore.  Read more at://economictimes.indiatimes.com/articleshow/67552371.cms?utm_source=contentofinterest…


2019-01-17

According to a recent report, Thailand’s law enforcement announced the launch of an app which can be used by motorists to enable them to show their license credentials to any law enforcement officer in Thailand. This means riders and drivers no longer need to carry their physical licences around constantly. The police will be able to scan a QR code and check all details including bans or outstanding fines, on the spot. The driver’s profile also includes vital information such as blood type, …


2019-01-17

According to a recent report, research has found that cross laminated timber (CLT) could be the future of the wood and building industry in Sabah. However, there is significant headway to be made before proponents see a wooden skyline in the state. The eight-month joint research between a team of University Malaysia Sabah wood technology and industry final year students and Sapulut Forest Development Sdn Bhd has shown promising results to suggest that tall buildings can be built using timber. CL…


2019-01-17

According to a recent report, Malaysia will be enacting laws on digital currencies from 15 January 2019. As per the laws, any person involved in operating unauthorized Initial Coin Offerings [ICOs] or any digital asset exchange will face a 10-year jail term and will have to pay RM 10 million in fine. This announcement was made by the Malaysian Finance Minister after the Capital Markets and Services [Prescription of Securities] [Digital Currency and Digital Token] Order 2019. The Finance Minister…


2019-01-17

The De La Salle University, in the Philippines, recently launched the University-wide implementation of a learning management system (LMS) that provides a modern approach to the classroom setting. According to a recent report, the accessibility of AnimoSpace promises to be a convenient learning tool for the students of the University. Built on the online platform Canvas, the system is very accessible and allows the University to meet the students wherever they are, and that is online. It can be …


A PROPOSED solar farm in Sarangani province has been added to the Department of Energy’s (DoE) list of energy projects of national significance, making it eligible to all the perks that come with the certification. The Energy Investment Coordinating Council (EICC), which the DoE leads, has informed Total Power, Inc. that its 100-megawatt (MW) peak TPI Sarangani Solar Power Project has been granted the certificate of energy project of national significance (CEPNS). The solar farm, which is in t…


OPTIONS for a resolution of debt troubles of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which has entered rehabilitation, now include a possible government takeover of its facilities in Subic Bay Freeport in Central Luzon, the country’s Defense chief said on Wednesday. Wednesday also saw a senior central bank official saying that banks may have to be more “proactive” in monitoring the financial condition of borrowers to which they have significant exposure, while a H…


After moves to remove import restrictions on rice, the government this year plans to also liberalize sugar importation, Budget Secretary Benjamin Diokno said on Wednesday. In a press conference, Diokno said the next big item among agricultural products whose importation would be further opened up by the Duterte administration was sugar, noting that it is a raw material in a number of potential export products. Read more: https://business.inquirer.net/263700/govt-to-liberalize-sugar-imports#ixzz…


2019-01-17

The Department of Finance (DOF) shared that the Philippine Tax Academy has several plans this 2019, which include off-campus specialised study program on public finance along with online courses. According to a recent report, this specialised post-graduate course is open to personnel of the DOF, the Bureau of Internal Revenue (BIR), Bureau of Customs (BOC) and the Bureau of Local Government Finance (BLGF). This study program will be offered in partnership with the Graduate School of the Universi…


2019-01-17

Electric cooperatives that operate using electronic remote systems have been tapped to bring internet services to interior provinces and towns. The province of Benguet will be the first to experience this as the Department of Information and Communications Technology (DICT) signed a Memorandum of Agreement (MoA) with the Benguet Electric Cooperative Inc. (Beneco). According to a recent report, the MoA will enforce the National Broadband Plan to bring social services to remote areas through the i…