India

Angel Tax – Two words and a big pain to Indian Entrepreneurs. However, it is time for startups to breathe at ease as angel tax is about to be a thing of past. As per media reports, the income tax department has notified about 120 startups that they are exempted of angel tax. Business daily Livemint reported that about 150 firms had applied for tax relief of which 120 have received the tag of ‘startup’. The intimation was sent to startups in the last few days under a new scheme announced in…


The age-old phrase “Consumer is king” stands true especially today as we cater to consumers who are well read, well-travelled and are extremely aware of the food they are consuming and the brands they are interacting with. Being mindful about their health and fitness, they are consciously making efforts to choose a healthy lifestyle without giving in to the hectic schedules.   Unlike our earlier generations, the current generation has easy access to multiple options while shopping for any p…


Did you know that 90per cent of all marketers say social media marketing has increased their business exposure? Or that 66per cent of marketers that spend at least 6 hours on social per week has seen more leads? With the advent of social media, traditional marketing methods no longer seem enough to sustain a business. Social connectivity has become the key to marketing and building the brand’s image for the buyers. Analytics and other measurement tools can enable entrepreneurs to find how they…


The Enforcement Directorate (ED) has attached a Gurgaon property of Kashmiri businessman Zahoor Ahmad Shah Watali who is in Tihar jail on charges of funding terror. The move is part of a multi-agency crackdown on people and organisations suspected of funding terrorists activities in the country, especially Kashmir. Top officials told ET that the National Investigative Agency (NIA) has identified 13 persons and the properties they have acquired through suspected tainted money, while the  ..  R…


2019-03-23

The government on Friday said it exceeded its disinvestment target for the current fiscal year by ₹5,000 crore, with proceeds touching ₹85,000 crore. "As against a target of ₹80,000 crore for disinvestment for the current year, the divestment receipts have touched ₹85,000 crores today," finance minister Arun Jaitley tweeted. The government has mopped up ₹9,500 crore from the fifth tranche of CPSE ETF and ₹14,500 crore from the REC-PFC deal. The disinvestment target for the next…


More and more restaurants are coming up every day, from food trucks to café to fine dining to themed restaurants; the options are just innumerable. Running your own business and flexibility at work being one’s own boss sounds great, but the truth is that starting a restaurant from scratch is not at all easy. Choosing a busy location for your restaurant cannot guarantee success. There are a lot of other factors that need to be considered before opening any eating establishment. It’s a hard a…


2019-03-23

The Karnataka transport department has issued a notice to ride hailing company Ola cabs (ANI Technologies Pvt Ltd) directing the latter to return its licence as well as cease all its operations with immediate effect for operating two-wheeler taxis in violation of existing provisions of the act. The licence has been suspended for a period of six months. “There is a violation of rules as bike taxis are not part of the licence issued to them (Ola)," said an official with the state transport depar…


The Indian Army will receive its first batch of indigenously built Dhanush artillery guns, often referred to as the ‘Desi Bofors’, next week, government officials said on Friday. Five guns from the total order for 114 are likely to be handed over by the Ordnance Factory Board (OFB) to the army’s Central Ordnance Depot in Jabalpur on March 26. By the end of this year, the army will induct a Dhanush regiment, consisting of 18 guns, officials said. The guns will be deployed along the bord .…


2019-03-23

Jet Airways has suspended 12 international flights even as it grapples with a reduced fleet strength, industry insiders said on Friday. Sources said the airline has suspended operations to Hong Kong, Abu Dhabi, Riyadh, Dammam, Singapore, Manchester and Dhaka, among others, till April 30. However, one service has been cancelled due to Pakistan airspace closure and not due to fleet truncation. "Apart from suspensions, the airline has also reduced frequencies on some of the international routes. T…


The government is set to tighten accountability rules for social media apps such as WhatsApp, with upcoming intermediary guidelines likely to propose penalties and jail terms for executives, especially on traceability and user consent before being added to groups, said people with knowledge of the matter. “The intermediary guidelines should be out soon after elections and we expect all social media apps to comply with them,” a government official told ET. “In the guidelines, we are wri .…


Data is the master of every organization, without which every business is handicapped and will come to a standstill. Data is everywhere and its value has universally become equivalent to that of oil. Every big and small step towards storing and securing data can create a safe zone for data. However, manhandling data that often leads to its loss is currently the most expensive damage business can suffer from. Data losses occur due to reasons like data theft, negligence in storage, transmission or…


2019-03-23

Even as domestic airlines struggle to cope with the grounding of Boeing aircraft, IndiGo, India’s largest carrier, is preparing to take delivery of 25 A321neo aircraft as part of plans to fly to more overseas destinations, including China. IndiGo will take delivery of the aircraft over the next 12 months and will refit 15 of them with 220 seat-configurations. These 15 aircraft will be used to fly on long distance routes to destinations in Europe and busy domestic routes, including to and from …


2019-03-22

Zydus Cadila has received the final approval from the USFDA to market Lurasidone Hydrochloride Tablets USP (US RLD – Latuda Tablets), in the strengths of 20 mg, 40 mg, 60 mg, 80 mg and 120 mg. It will be manufactured at the group’s manufacturing facility at SEZ, Ahmedabad.   The medication is used to treat certain mental/mood disorders such as schizophrenia, depression associated with bipolar disorder. It may also help to decrease hallucinations (hearing/seeing things that are not there).…


2019-03-22

Tata Power Strategic Engineering Division (Tata Power SED) today announced the signing of an important deal with the Ministry of Defence, Government of India, to supply 23 ship-borne 3D Air Surveillance Radars to the Indian Navy over the next 10 years.  The contract, estimated value is about INR 1200 crore, was signed under the Buy & Make (India) category of the Defence Procurement Procedure (DPP) 2013 that will be offering the Indian Navy a proven solution, with a production arrangement in In…


My first job as a product engineer required me to conduct consumer product evaluations to help retailers and manufacturers analyze the performance of their products. Having understood consumer grievances inside out, I decided to bring quality razors to the Indian market and started LetsShave in 2015. The essence of the brand is best described using three words – quality, comfort and flexibility. LetsShave promotes the idea of affordable quality in grooming products and succeeds in catering to …


Anil Dhirubhai Ambani was listed by Forbes in 2008 as the world's sixth-wealthiest person. Eleven years later, the 59-year-old is fighting to save his reputation and a possible jail sentence. An appellate tribunal on Friday refused to direct State Bank of India and other lenders to Reliance Communications to release Rs 260 cr of tax refunds, held in a trust fund, a sum needed to pay the firm's dues to Ericsson. The order passed by National Company Law Appellate Tribunal is a s ..  Read more …


 most noticeable evolution is – ‘the Smart Homes of New Age’. Automation, which is termed as a method, technique, or arrangement of operating or controlling a procedure by electronic gadgets and reducing human interference to a minimum, has risen as a new industry vertical in the last two decades. Gone are the days when someone has to check the house twice before leaving so that no lights, fans, or appliances are left switched on. It’s the age of automation, where relay modules, sensors…


2019-03-22

The arrest of billionaire jeweller Nirav Modi in the $2 billion PNB fraud case represents a milestone in India’s efforts to deal with those attempting to dupe its banking system, say experts. The ₹14,000-crore fraud, which also involved some bank staff, threatened to bring India’s second largest state-run lender to its knees. Punjab National Bank (PNB) had reported a net loss of over ₹12,200 crore in FY18after the fraud came to light in January 2018. Having gone unnoticed for seve…


Deap Ubhi is a restless guy. At 26, he quit his job in private equity in Northern California, where he had grown up and gone to college, and then moved to India to found Burrp!, a local search site similar to Yelp. He sold the company in 2009 and along with other alums became what they called the Burrp! mafia, seeding and growing other startups in India. “Fast and is extremely straightforward,” one Indian entrepreneur wrote about Ubhi in an online reference. “Not for the faint of heart. …


2019-03-22

The real estate sector, which has been struggling with weak demand and stagnant prices for years, has received another blow with the liquidity crisis at non-banking financial companies (NBFCs), one of their last funding sources. Many NBFCs have lost significant market value on growing concerns around asset-liability mismatches and tightening liquidity in the short-term money market, after a series of defaults by Infrastructure Leasing and Financial Services Ltd (IL&FS) became public last Septemb…


As first-time entrepreneurs entering the exciting-yet-demanding world of new ventures, Sankarsh, Rakesh, and Mridu are divergent in their ages, experience, stages of their ideas, industry focus, and financial capabilities. The thread that connects them all is their need for supportive mentors who can help them navigate the ups and downs of their startup journey. Startup mentoring is a challenging and time-consuming job. However, seeing new founders walking smoothly on the road to success is an u…


IndiGoNSE 7.34 % is hiring more than 100 Boeing 737 commander level pilots, primarily those exiting Jet AirwaysNSE -4.67 %, as the country’s biggest airline looks to overcome a flying-crew shortage and establish its dominance amid an exodus of personnel from the financially-stressed airline. A top industry source aware of IndiGo’s hiring plans said that it would take six months to train the Boeing pilots so that they could fly A320s, an aircraft type IndiGo operates. In addition, the ca ..…


Narayana Murthy, co-founder, Infosys, goes back — and forward — in time to describe the challenges that entrepreneurs of his generation faced compared to those today.Widely credited with being one of the pioneers of India’s information technology sector and building one of the largest companies in the space, entrepreneur is perhaps a small word to describe Narayana Murthy. But it’s a tag he wears with pride. “I think I’m one even today. At least [in h ..  Read more at://economicti…


2019-03-21

India's Reliance Industries, operator of the world's biggest refining complex, has turned to selling fuels to Venezuela from India and Europe to circumvent sanctions that bar US-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been supplying alkylate, diluent naphtha, and other fuel to Venezuela through its US-based subsidiary before Washington in late January imposed sanctions aimed at curbing the OPEC member's oil exports an…


In what will give relief to 90 startups from taxman’s questioning their valuation during fund raising rounds and slapping angel tax, the Central Board of Direct Taxes (CBDT) has given them a written assurance and registered them for Startup India Action Plan, according to two people with direct knowledge of the matter. Under the Startup India Action Plan, a Department of Industrial Policy and Promotion (DIPP) initiative, the startups were asked to submit all details related to capital........…


There is no second opinion that the Micro, Small and Medium Enterprises (MSME) sector is the backbone for developing nations across the globe. In a burgeoning economy like India, this dynamic sector drives the spirit of entrepreneurship and generates employment opportunities. MSMEs in India are currently striving to strengthen their presence across sectors while expanding their footprint globally. The progress of the MSME sector is closely entwined with India’s pursuit of becoming a global eco…


Fugitive diamantaire Nirav Modi, arrested by Scotland Yard on behalf of the Indian authorities, will be held at a prison in south-west London considered one of England's most overcrowded jails. The 48-year-old, who appeared in the dock at Westminster Magistrates' Court in London on Wednesday in a sombre white shirt and trousers, was taken to Her Majesty's Prison (HMP) Wandsworth after he was remanded in custody until March 29 by District Judge Marie Mallon. While in custody and ........ Read …


The harried pilots of Jet Airways, which is on the brink of shuttering operations, have now approached SpiceJet seeking employment. Jet Airways pilots had earlier been wooed by IndiGoNSE 7.34 % with compensation for their pending salaries & other benefits, leading to murmurs of protests from its own pilots. The largest airline has been facing acute shortage of cockpit crew, leading to cancellation of hundreds of its flights last month. Jet pilots along with engineers........ Read more at://eco…


2019-03-21

State Bank of India (SBI), the largest lender to cash-strapped Jet Airways (India) Ltd, has asked the airline’s chairman Naresh Goyal, his wife and two other nominee directors to step down immediately, even as the bank said it was in the interest of lenders to revive the distressed carrier. SBI has asked Goyal, his wife Anita, and two nominee directors, Nasim Zaidi and Gaurang Shetty, to step down from the board as well as executive roles, a person aware of the development said on condition…


The growing entrepreneurial ecosystem in India has had a cascading, domino-like effect on other sectors — perhaps none more than the flexible work-spaces sector (more commonly referred to as co-working spaces). A report by realty consulting firm Jones Lang LaSalle (JLL) highlighted that occupancy costs for premium office buildings have continued to rise in major global markets over the last year and affordability has become a major source of concern. Though Hong-Kong, New York and London remai…


2019-03-21

The Indian Consulate General in Ho Chi Minh City organised a seminar on March 20 to introduce the culture, tourism, cuisine and beautiful nature of India.The event, which drew representatives from the municipal Tourism Department, nearly 50 Vietnamese travel companies, and those from India, was also a chance to strengthen cooperation and promote tourism services between the two countries.......


Nirav Modi, the fugitive jeweller wanted in the 14,000-crore Punjab National Bank scam, has been arrested in London on India's extradition request. British Police said Modi, 48, had been arrested in the Holborn area of central London on Tuesday and was due to appear at London's Westminster Magistrates Court on Wednesday. Modi was living on half a floor of the Centre Point Tower Block, in an apartment whose rent is likely to be around Rs 16 lakh, some reports said. He will now be produced in a …


Flipkart has deployed as many as 100 robots to help sort packages at one of its delivery hubs in the outskirts of Bengaluru, the first such instance of the ecommerce giant deploying robotics to streamline its supply chain. The robots, dubbed automated guided vehicles (AGVs), pick products from a conveyor belt, scan them and then drop them down a chute that’s assigned to a particular pin code. The robots work in a tight grid, using collision avoidance technology to ensure free movement. ..  …


With diversified conglomerate Larsen and Toubro (L&T) signing a deal with Cafe Coffee Day founder V.G. Siddhartha to buy 20.4 per cent stake in leading services firm Mindtree at Rs 981 per share for about Rs 3,300 crore, in a bid to acquire the firm. Mindtree on Tuesday came out with a scathing condemnation saying: "The attempted hostile takeover bid of Mindtree by L&T is a grave threat to the unique organisation we have collectively built over 20 years." Wit ..  Read more at://economictimes…


MindtreeNSE -1.99 % founding promoter Subroto Bagchi said he and three other promoters — Krishnakumar Natarajan, Rostow Ravanan, and Parthasarathy NS — were offered “huge bags of money” to give away Mindtree but they turned it down and urged employees to remain focused on work. Bagchi, who quit as the chairman of Odisha Skill Development Authority last week to return to Mindtree, said in a letter to the employees on Tuesday that he could not stay miles away in Odisha “to live the nigh…


The Tata as a  brand continues to remain India’s most valuable brand as per the latest findings by Brand Finance, UK. Tata’s brand value is estimated at $14.2 billion.  This is more than the values of No.2 (Airtel valued $6.7 billion) and No.3 (Infosys valued at $6 billion) combined! By contrast, Tata was never designed to be a ruthless value-creation engine.  In fact, of every 3 rupees earned by Tata Sons (the holding company), 2 rupees goes to Tata Trusts. This profit is channelled towa…


Marketing, it’s a concept that has different approaches, different visions from each individual marketing strategist that leads to eventually the same goal of reaching out to the audience. Every marketing tool should be able to engage with the customer on a personal level and help in creating a desire for the product and its association........


2019-03-19

The Global Innovation and Technology Alliance (GITA) under India’s Department of Science & Technology, and the Israel Innovation Authority (IIA), under the Government of Israel, granted HealthNet Global, a part of the Indian Apollo Hospitals Group and Isreali Zebra Medical Vision, funding to validate, co-develop, and deploy medical imaging AI across India and to increase Tuberculosis (TB) screening capabilities in the rural areas. Apollo Hospitals is one of the first and largest corporate …


A UK court has issued an arrest warrant against fugitive diamond jeweller Nirav Modi, taking cognisance of the sanction granted by the UK home secretary on India’s request to extradite the jeweller. According to procedure, Modi will be formally arrested and is likely to be enlarged on bail. The London Police is likely to arrest him this week and produce him before a London Court, said sources privy to the development. The issuance of the arrest warrant by the Westminster Court ..  Read mor…


On Thursday (March 13th), Facebook experienced an outage on its main platform, and on Instagram and WhatsApp. During that time, users had issues posting, commenting, and accessing content. For entrepreneurswho use social media for their business, this should be a blaring wake up call. Scrolling through your feed today, you’re likely to notice entrepreneurs talking about the outage and how they were affected. Just like in times past, for some entrepreneurs their business is heavily dependent …


2019-03-19

Billionaire Azim Premji’s two charities have been made partners in three companies that hold his 56% stake in Wipro Ltd, allowing the trusts to receive monetary gains from the shares even as Premji can retain the voting rights, a person aware of the development said. The two charitable trusts—Azim Premji Philanthropic Initiatives Pvt. Ltd (APPI) and Azim Premji Trust (APT)—have, however, stayed away from voting on any resolutions pertaining to Wipro. The trusts also can’t nominate memb…


Making a dramatic intervention, Mukesh Ambani saved his younger brother Anil from imprisonment by paying money owed by him to Ericsson on Monday. The bailout from the world’s 13th richest man, as per Forbes ranking, came literally at the eleventh hour — Tuesday was the deadline for Anil’s Reliance Communications to clear Rs 580 crore due to the Swedish equipment maker. In a late evening statement, Anil Ambani thanked his brother and sister-in-law Nita...... Read more at://economictimes.in…


Once bitten, twice not so shy, Larsen & Toubro is making an aggressive attempt to acquire IT services company MindtreeNSE 1.59 %, almost a decade after it had lost the race to acquire scam-struck Satyam Computers. This acquisition could give L&T the scale that it has long desired. But acquiring the desired holding in the company may not be easy. “I think it fits into the larger plan,” chairman of L&T Group, AM Naik told ET, when asked if Mindtree was a right fit for L&T. ..  Read more at:…


2019-03-19

Sabine Keller-Busse, chief operating officer of UBS Group AG, and Harald Egger, India country head at UBS, comment on how India has become the most important market for the Swiss bank for its global back office operations. They also speak about the opportunities the bank sees for its investment banking franchise, which has been operating for more than 25 years in India, where the talent base is unmatched, according to Keller-Busse. Edited excerpts:...........


2019-03-19

With less than 10% of the Indian population being digitally literate, the Indian government has been pushing for digital skilling and IT education through a number of initiatives under the Ministry of Electronics and Information Technology (MeitY). Although India is the fastest growing mobile market, it is behind when it comes to Internet connectivity. Connecting India’s communities to the world through the Internet is becoming increasingly essential for tech development and social progress.…


2019-03-18

Gulftainer, a privately owned independent port operator, welcomed the M.V. Port Klang from Sunmarine Shipping Services on a maiden call at its gateway flagship Sharjah Container Terminal, SCT. The vessel is one of the shipping group’s fastest services between the Indian subcontinent and the UAE. The M.V. Port Klang offers the fastest direct express service between Sharjah’s Port Khalid and the Kandla, Hazira and Nhava Sheva ports in India with only three days’ transit time from the last po…


2012: The menace of mindless disposal of plastic waste and its effects on the environment led Vidya Amarnath to devise a more ethical way of mitigating plastic waste. During the research phase, she worked with IIT Madras and Central Institute of Plastics Engineering & Technology. 2013: Ultimately, she chanced upon a Thermochemical Depolymerisation Technology (TDT), which was being used for shredded tyres. The process was then perfected to accept plastic waste as feed stock and obtain a high gr…


After peer-to-peer (P2P) and bill payments, Google Pay is looking to win over customers of smaller offline retailers or kirana stores. While Google had announced plans to partner with point-of-sale providers to onboard retail merchants, it is now piloting transactions based on the Unified Payments Interface (UPI) to be made by consumers while making offline purchases, according to two people aware of the matter. “It will bring the convenience of card payments onto the smart phone—the on ..…


Middle East

Abu Dhabi Government is set to launch a new hub for tech start-ups on conjunction with Japan’s SoftBank Group.  Mubadala Ventures, the US-based venture capital arm of Abu Dhabi's Mubadala Investment Company, will launch the new tech hub in the UAE capital today.  The tech hub - known as Hub 71 - will offer $1452m (AED535m) of investment to tech start-ups...........


Abu Dhabi’s Etihad Airways is predicting a return to “modest growth” next year – at least in terms of kilometres travelled – the airline’s CEO told Arabian Business. The UAE national carrier earlier this month reported a loss of $1.28 billion for 2018. While this was its third billion dollar loss in as many years, it was 15.4 percent lower than losses reported in 2017 and around a third less than reported two years ago. While passenger numbers dropped 4.3 percent to 17.8 million ove…


Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem, the people said, asking not to identified because the talks are private. The notes will be convertible into Uber shares at a price equal to $55 per share, according to the term-sheet seen by B…


2019-03-23

Mariam Al-Ghamdi is a Saudi actress, radio host, director and writer. She was one of the first women to feature on live radio in the Kingdom, reading the newscast in 1962. She began scriptwriting for TV in 1984, which paved the way for a career as a producer from 1993. She subsequently forged a successful career as an actress, appearing in shows including “Selfie,” “Sayf Barid,” “Harat Al-Shaykh” and “Hawameer El-Sahraa, as well as in the movie “Wadjda.” Al-Ghamdi earned a bach…


2019-03-23

The Saudi-Bulgarian Businessmen Forum at the headquarters of the Council of Saudi Chambers in Riyadh on Friday discussed the development of trade and the signing of investment agreements between the two countries.Vice Chairman of the Council of Saudi Chambers Munir bin Saad met Bulgarian Minister of Economy Emil Karanikolov, Bulgaria’s first ambassador to Saudi Arabia, Dimitar Abadjiev, and a Bulgarian business delegation.Saad stressed that Saudi Arabia needed effective means to enable Bulgari…


2019-03-23

The Gulf is overtaking Asia as the global leader in cryptocurrencies, as countries such as Saudi Arabia and the UAE embrace blockchain technology despite the crash in coin prices, according to the cofounders of a new digital-currency exchange.Bitcoin prices have plummeted by more than 50 percent in the last year, from a high of $9,683.54 on May 4, 2018 to under $4,000 on Thursday afternoon. Ethereum, another prominent digital currency, lost 83 percent of its value over the same period.That has n…


Christian Dior's presentation of his spring haute couture collection in a circus-themed extravaganza in Dubai reflects the city’s rising profile as a new hotspot on the global fashion map, according to a top official. The show at Safa Park made Dubai the first city in the Middle East to have hosted a haute couture show. Dior’s Dubai show augmented its haute couture show first presented in Paris in January 2019, with 15 additional looks created specially to mark the occasion. Among the new lo…


The new president of Nikki Beach Hotels & Resorts has praised the leadership of the UAE for helping create a tourism market which has enabled its Dubai resort to be one of its most successful. Alexander Schneider, who previously headed the opening of Nikki Beach Resort & Spa Dubai, said he appreciated the UAE leadership for welcoming Nikki Beach Hotels & Resorts into Dubai and for enabling its growth and success in the city. He credited the UAE’s "exceptional standards of safety, security, foo…


2019-03-23

Roads and Transport Authority (RTA) held a two-day induction workshop for more than 100 members of Dubai SME’s to familiarise them with the contractual systems used in RTA’s contracts & procurement. The step was part of endeavours to support the private sector and enable it to engage in business with RTA.  “The induction workshop, which has attracted over 100 companies listed under Dubai SMEs, reflects RTA’s efforts to step up cooperation and empower owners of these firms to play an act…


2019-03-22

    تزامناً مع اليوم العالمي للسعادة 2019، تحتفل دبي الذكية وأبطال السعادة ومكتب إكسبو 2020 دبي، بإصدار فيديو يبرز ترحيب إكسبو 2020 دبي بمختلف شرائح المجتمع على أرض المدينة السعيدة، دبي. وتأتي هذه المبادرة دعماً لحملة "حياكم2020"، وتبرز دبي كمحطة تواصل للعقول لصنع المستقبل.


2019-03-22


2019-03-22

القائد العام لشرطة دبي‬⁩ يتفقد الإدارة العامة للنقل والإنقاذ


2019-03-22

A better tomorrow begins with simple acts of tolerance and understanding. These values laid the foundation of our beloved nation, and #Expo2020 #Dubai looks forward to showing the UAE’s diverse and inclusive nature to the world. #YearOfTolerance  


2019-03-22

http://fw.to/oqVEM4G 19 March, 2019 - Under the patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the second edition of the Global Space Congress commenced today in Abu Dhabi. HH Sheikh Mohammed attended the opening of the event. http://fw.to/SZkKV6d 19 مارس, 2019 - تحت رعاية وبحضور صاحب السمو الشيخ محمد بن راشد آل مكتوم، نائب رئيس الدولة رئيس مجل…


2019-03-22

مؤسسة المواصلات العامة - عجمان في اسبوع


2019-03-22

Mufarreh Nahari has been the director of Market Studies at the Communications and Information Technology Commission (CITC) since July 2018. He also worked as a market studies analyst at CITC from November 2009 until October 2013. Nahari attained his bachelor’s degree in marketing from the King Fahd University of Petroleum and Minerals, Dhahran, in 2007. He started his career at Cisco Systems, a networking hardware company, in September 2007 as a Cisco NetVersity account manager. He worked in d…


2019-03-22

 tate-owned Petroleum Development Oman expects to create 21,000 job opportunities for Omanis this year through the oil exploration and production company’s training opportunities and other undertakings. “We aim to create 21,000 job opportunities in 2019, and we are confident that we can achieve that number. These are real opportunities that lead to direct employment once the training is completed,” Raoul Restucci, the managing director of PDO, told the Times of Oman. “A lot of the oppor…


The UAE has been named as the happiest country in the Gulf region, ranking 21st globally in a new list topped by Finland. Saudi Arabia (28th), Bahrain (37th) and Kuwait (51st) were also included in The World Happiness Report, an annual publication of the United Nations Sustainable Development Solutions Network which ranked a total of 156 countries. The UAE has created a National Programme for Happiness & Wellbeing, one of seven policies to help the country hit its 2071 goals...........


2019-03-22

Nasdaq Dubai has welcomed the listing of a one billion US dollar conventional bond by Emirates NBD. The listing supports Emirates NBD’s activities as one of the region’s leading banking groups,including Islamic banking, investment banking, private banking, asset management, global markets & treasury and brokerage operations. Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value of 5.28 billion US dollars from eight listings. The total value of al…


2019-03-22

• New portal aims to streamline public-private sector cooperation and contribute towards Dubai’s economic progress and development• Portal offers a platform for businesses to share valuable insights and feedback on draft laws and policies in Dubai• HE Buamim: Business Voice Portal supports Dubai Chamber in its role as the voice of the business community, representative of the private sector and bridge between business and government Dubai Chamber of Commerce and Industry has launched the…


Details of the first project being developed by the Arab Space Coordination Group - an advanced satellite to monitor earth, environment and climate - have been announced. Eleven Arab states including the UAE, Saudi Arabia, Algeria and Morocco will build the 813 satellite, the UAE Space Agency revealed.     The announcement of the new satellite followed on from the signing of the charter for the establishment of the Arab Space Coordination Group at the Global Space Congress, state news agen…


Workers in the United Arab Emirates should be allowed up to six months to find a new job before they are required to leave the country, a senior banking executive in the region has said. "In order to attract talent globally, visa regulations have to be relaxed more so people can switch from one job to another and they don't have to leave the country. They should be given 6 months visa extensions to get a new jobs,” Rola Abu Manneh, CEO of Standard Chartered UAE, said in a panel discussion host…


2019-03-21

Sharjah Airport Authority, SAA, participated in the Moscow International Travel and Tourism Exhibition, MITT, 2019 at the Expocentre Fairgrounds in Moscow, Russia, from March 12th to 14th. SAA participated under the umbrella of the Sharjah Commerce and Tourism Development Authority, SCTDA, with representatives from travel and tourism companies, as well as hotels in the emirate. The Authority was keen to participate this year, in order to highlight its latest services for partners, customers and …


2019-03-21

The Ajman Chamber of Commerce and Industry and the Consulate of Morocco discussed the means of reinforcing their economic cooperation, as well as the key economic opportunities and partnerships available to business leaders from the UAE and Morocco. The discussion took place during a meeting that took place at chamber's headquarters, which was attended by Abdullah Al Muwaiji, Chairman of the Chamber, and Abdulrahim Rahali, Consul-General of Morocco, along with other officials from both sides. Al…


2019-03-21

Emirates has announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service, starting 28 October, 2019. The four new flights operating on Monday, Wednesday, Thursday and Saturday, will take the total number of weekly Emirates flights serving Cairo to 25. “Cairo is a very popular destination for both business and leisure travellers, and the additional flights will provide our customers with greater flexibil…


2019-03-21

The world is full of wonders, and Expo 2020 Dubai is welcoming 190 nations to show the best of theirs in the UAE. Your journey awaits. #Expo2020 #Dubai


The Dubai Mall has announced plans to introduce the first in-mall childcare service in the UAE. Launched in partnership with Malaak Mama & Baby Care, a maternity and childcare organisation, the exclusive service will add to The Dubai Mall’s growing portfolio of services being made available for the convenience of guests. Launching on Thursday, the service offers mums or pregnant mothers the support of one of Malaak’s trained childcare professionals, offering on-the-go childcare service and a…


Etihad Airways and Elenium, a provider of automation technology solutions, have announced plans to revolutionise the airport check-in experience. The companies will demonstrate how a newly developed voice activated self-service kiosk, bag drop and boarding gate facility will improve the travel experience at the Passenger Terminal Expo in London next week. Using cloud technology, artificial intelligence (AI), computer vision and natural human interfacing, Etihad Airways and Elenium aim to show ho…


2019-03-20

Dubai Science Park, DSP, has welcomed Medisana, a leading specialist in home healthcare and wellness, to its growing fold of business partners. The German company aims to supply the Middle East and North Africa region with cutting-edge products that support better health. With a population that is increasingly seeking to incorporate wellness into everyday life, the UAE healthcare market presents lucrative opportunities. Home healthcare in particular has benefitted from the Internet of Things, Io…


2019-03-20

Smart Dubai’s Future Blockchain Summit 2019 will shone the spotlight on excelling Blockchain technologies, moving conversation beyond theoretical use-cases and into real-life opportunities. It will look at Blockchain use across the world’s most integral industries, including retail and ecommerce, healthcare, transportation, education, food, hospitality and tourism, energy, fintech and banking, safety and security. The second edition of the world’s most influential Blockchain event will tak…


2019-03-20

Aldar Investments is pleased to announce that it has completed the sale of Al Murjan, a residential tower in Abu Dhabi for AED 289 million.   The sale represents Aldar Investments' second transaction since its creation in September 2018, following the Etihad real estate acquisitions announced in February. Aldar Investments is a wholly-owned subsidiary of Aldar Properties PJSC ("Aldar") and is the region's largest diversified real estate investment company, with assets worth almost AED 20 billio…


2019-03-20

Emirates today revealed its ICC Cricket World Cup 2019 themed Emirates A380 livery in the build up to one of the world’s most anticipated sporting events this year.   Former India cricketer and ICC Men’s Cricket World Cup 2011 winner, Virender Sehwag, and Emirates sponsored Lancashire team players Saqib Mahmood and Tom Bailey helped to marshal the newly emblazoned aircraft out of the Emirates Engineering hangar.  The cricket players were accompanied by Emirates Engineering staff who had wo…


2019-03-19

مواصلات عجمان تنظم ملتقى الموظفين الأول


2019-03-19

Young Arabs are taking the region’s offline markets online, from fitness and recruitment to car repairs and chalet hire.  Nineteen start-ups have been chosen so far to take part in the Misk 500 MENA Accelerator Program. Anwaar Alrefae, a 26-year-old Kuwaiti, is one of them, with her Project 5 Miles (P5M) health and fitness app.  “What’s important for the community in the region is family, friends and work, and because fitness isn’t an integral part of these pillars in people’s lives,…


2019-03-19

Under the patronage of Makkah Gov. Prince Khaled Al-Faisal, the second Makkah Region Economic Forum (MREF) kicks off on Saturday at Jabal Omar Hotel.The four-day event is organized by the Makkah governorate and the Jeddah Chamber of Commerce and Industry, in collaboration with the Makkah and Taif chambers of commerce and industry.Under the title “The Road to an Urban Future: Invest in Makkah,” this year’s edition will focus on four main topics: Urban development, public services and infras…


2019-03-19

The UAE and Saudi Arabia show the most promise in terms of skills in technology, according to the Coursera’s Global Skills Index, an in-depth report on skill trends and performance across 60 countries in the Middle East and around the world. “The UAE shows the most promise in Technology (#40) compared to Business (#52) and Data Science (#38). This may be a reflection of the UAE government betting big on AI and fostering a testing ground for robotics,” the report stated. “Saudi Arabia ran…


Foreign investors increased purchases of Saudi equities last week to the highest value on record as they positioned for the kingdom’s inclusion in major benchmarks. Foreigners were net buyers of about SR1.6 billion ($427 million) of stocks in the five days through March 14, more than any other week since the data were first disclosed in 2015. The inflows picked up as FTSE Russell begins to include the country in its emerging-market category on Monday, attracting fund managers that follow the i…


Downtown Dubai will be home to a walkable tribute to stars and influencers from all over the world - similar to Hollywood's Walk of Fame, Emaar announced on Monday. Dubai Stars, located along Sheikh Mohammed bin Rashid Boulevard, will kick off with a global social campaign asking people from all over the world to nominate their favourite celebrities and influencers for the first 400 stars. The first phase of Dubai Stars will be unveiled in October at an event to be attended by the 400 featured c…


The government of Panama has adopted a new foreign policy aimed at strengthening ties with the Middle East by placing the UAE as its central hub, according to Panamanian ambassador Eduardo Fonseca. In an interview with Arabian Business, Fonseca said the ‘Falcon Policy’ announced by President Juan Carlos Varela is based on “the promotion of political dialogue, commercial exchange, the strengthening of the country’s connectivity, as well as the positioning of Panama as the preferred desti…


Japanese automaker Nissan Motor is planning on introducing new models in the Arab world and increasing capacity at its local factories as part of a bid to secure the largest market share in Egypt and Gulf nations. The company plans to increase its market share to more than 20 percent by 2022 in the Gulf and in Egypt, from 16 percent and 15 percent, respectively, Peyman Kargar, chairman of Nissan in Africa, the Middle East and India, said in an interview. The company is currently No. 3 in Egypt a…


Dubai-based Damac Properties is looking for new plots of land in Saudi Arabia, according to chairman Hussain Sajwani. Damac currently has one development in Jeddah and a twin-tower project in the Saudi capital of Riyadh. “It’s a big market. It is changing. It is opening up. We see a potential there,” he was quoted as saying by Arab News. “We are looking.”   Sajwani added that Damac is also studying plots in Saudi Arabia’s NEOM project. However, Sajwani said that doing busines…


2019-03-19

The UAE Ambassador to India, Dr Ahmed Al Banna, told an erudite audience at the prestigious Indian Institute of Technology (IIT) that the UAE government was working with its Indian counterparts to make air travel to the UAE cheaper for tourists and visitors. He told an audience of students, academics and journalists that there was a discrepancy between supply and demand for seats on flights from Indian airports to those in the UAE. The current number of 1,068 flights between the two countries wi…


2019-03-19

 Top UAE bankers have affirmed their continued cooperation with the Debt Settlement Fund Initiative, aimed at easing debt burden for UAE nationals and ensuring decent life and familial stability in the society. The remarks made following the meeting His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, had earlier today with the delegation representing the banks partaking of the Debt Settlement Fund Initiative to exempt …


2019-03-19

Emirates Global Aluminium, EGA, today signed a volume commitment extension agreement for 2019 with the global shipping company A.P. Moller – Maersk for transport EGA’s aluminium to customers around the world. EGA exports its metal to customers in more than 60 countries worldwide and makes more than 11,000 shipments each year using over 100,000 containers. EGA’s aluminium is the biggest made-in-the-UAE export after oil and gas. Walid Al Attar, EGA’s Chief Marketing Officer, said, "EGA has…


DUBAI is firing up its startup ambitions - and a rising number of Singapore firms are taking notice. These companies see expansion opportunities in Dubai amid a startup-friendly environment as well as partnership possibilities with both the private and public sectors. They also believe the emirate can be a springboard to the Gulf region and the wider Middle East market.   Among the companies that have taken the plunge is blockchain startup aelf, which has forayed into the Middle East throug…


2019-03-19

Dubai’s Roads and Transport Authority (RTA) has launched an array of entertaining activities as part of its participation in the 3rd Happiness Week (17-22 March 2019). Events included contests, tours, surprises and music festivities for both employees and clients of RTA. “Events included ‘Search for Happiness Icons’ contest aimed at encouraging people to use public transport means and search for happiness icons and win valuable prizes. The ‘Free Ride’ initiative offered 100 free trip…


2019-03-18

Fatima Al-Shamsi is planning the emirate’s future energy strategy with the lessons of Houston’s CERAWeek in mind Solar energy has been the mainstay of future UAE energy strategy for some time, she explained DUBAI: Fatima Al-Shamsi was in the UAE energy ministerial party at the CERAWeek by IHS Markit forum in Houston, Texas, because of her expertise in future energy strategy, but she was also there to pick up some tips on how to organize a global energy conference. In September in Abu Dhab…


2019-03-18

 Saudi Arabia’s sovereign wealth fund has appointed a former International Finance Corporation official as its chief economist within a plan to boost hiring and expand overseas, it was reported on Sunday.“Within its plans to add 700 employees to its workforce, the Public Investment Fund (PIF) has appointed Ted Chu as chief economist after he held the same position at the IFC,” Al-Arabiya tweeted without citing a source.In February, PIF managing director Yasir Al-Rumayyan said the fund pla…


South East Asia

2019-03-23

The Philippines and United Kingdom (UK) have agreed to work together in priority sectors involving trade and investment promotion, ease of doing business, micro, small and medium enterprise (MSME) development to promote stronger economic ties. In a statement, the Department of Trade and Industry (DTI) said the Philippines and UK signed the Partnership Statement and Joint Action Plan on Economic Cooperation, Trade and Investment during the First Philippines – UK Economic Dialogue held Thursday.…


PILIPINAS Shell Petroleum Corp. is ramping up spending to P6 billion in 2019, even as earnings fell due to the higher inflation and the weaker peso last year. The listed firm said in a statement Friday that it plans to hike its capital expenditure by 46% this year, from the P4.1 billion spent in 2018. “Pilipinas Shell plans to increase its investment to around P6.0 billion to support expansion plans of the retail business and optimization projects in the manufacturing and supply segment in 201…


2019-03-23

The Bangko Sentral ng Pilipinas (BSP) is set to regulate automated teller machines (ATMs) that allow purchase or exchange of virtual currencies such as bitcoins. BSP Deputy Governor Chuchi Fonacier issued a memorandum requiring banks and other financial institutions to register with the regulator as virtual currency exchanges (VCEs) and comply with the anti-money laundering or terrorist financing laws. “As registered virtual currency exchanges, they should comply with anti-money laundering/ter…


2019-03-23

South Korean conglomerate SK Group plans to purchase US$1 billion worth of stocks in Việt Nam’s real estate-retail-tech giant Vingroup, according to Bloomberg. The investment could be made as early as April, Bloomberg said on Friday, citing South Korea’s Maeil Business Paper. Vingroup has recently asked shareholders to approve its private issuance of 250 million shares to a maximum of five foreign institutional investors to raise at least VNĐ25 trillion (US$1.07 billion). The capital rai…


2019-03-23

More than 1,600 pavilions will be set up at the Vietbuild international exhibition, the largest exhibition of the construction sector in Vietnam, which will take place in Hanoi from March 27-31.The event is expected to draw nearly 200 domestic businesses, 45 joint ventures and over 160 foreign groups and enterprises from 18 countries and territories, heard a press conference in Hanoi on March 22.Representatives from the organising board said the construction material sector faces many difficulti…


2019-03-23

Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in-store and online purchases, digital payment methods provider Visa said on Thursday. Growth in consumer use of Visa products in 2018 indicates a number of positive trends in the growth of digital payments, it said.  The 2018 Visa Consumer Payment Attitudes Study, which reveals the extent to which digital payments are becoming a…


2019-03-23

Ho Chi Minh City will create favourable conditions for Thai-based Kasikorn Bank (KB Bank) to open its branch in the city, the first of its kind in Vietnam, helping diversify local credit and banking activities, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.Hosting a reception for First Senior Vice President at KBank Pattanapong Tansonboon on March 22, Tuyen spoke highly of the bank’s strengths in small and medium enterprise (SME) lending and digital banking servi…


2019-03-23

Việt Nam hopes that South Korean investors will participate more deeply in the equitisation process of Vietnamese enterprises. The statement was made by Hà Huy Tuấn, vice chairman of the National Financial Supervisory Commission, at the 8th International Conference on Finance and Economics, co-organised in Hà Nội on March 21-22 by the Việt Nam Chamber of Commerce and Industry (VCCI), Việt Nam’s Ministry of Finance (MOF), The South Korea’s Financial Supervisory Service (FSS) and …


1. BR METALS 2. NUFFIELD DENTAL HOLDINGS 3. V-KEY 4. AUREUS GROUP AUREUS 5. GRAIN 6. TRIPLE 7. ONECARE HOLDINGS 8. CATAPULT VENTURES 9. KC GROUP 10. A YONG Full article:http://bit.ly/2UNFe7P straitstimes.com


OCBC is offering its mobile payment service on food ordering app Waitrr. The OCBC Pay Anyone app enables customers to make direct QR code payments to merchants, and peer-to-peer e-payments leveraging QR codes, social media, or a recipient's mobile number and PayNow.......


Sembcorp Industries on Friday (March 22) said it is working with YCH Group on supplying its warehouses across Asia with solar power, as it announced the completion of a rooftop solar farm at YCH's Supply Chain City flagship building. Sembcorp will now look to power other YCH facilities with solar energy in countries such as China, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam, it said in a filing with the Singapore Exchange ........


THERE’S A NEW hotspot in town and everyone who is anyone wants to be there. But they need an invitation to get into Caroline’s  Mansion, and it’s not because it’s the private home of an elegant tai tai. Instead, it’s a much sought-after luxury events space that sits adjacent to The St Regis Singapore, and is named after Caroline Astor, the founding matriarch of the St Regis. The space, converted from the hotel’s indoor tennis courts, has a ballroom that can seat about 180 people, an…


Indonesia's national carrier Garuda has told Boeing it will cancel a multi-billion-dollar order for 49 Boeing 737 Max 8 jets after the model was involved in two fatal crashes. The move could spark more cancellations from other major carriers, an aviation analyst said, as Boeing and US federal regulators get set to face their first public grilling by Congress since the deadly incidents.   "We have sent a letter to Boeing requesting that the order be cancelled," Garuda spokesman Ikhsan Rosan said…


2019-03-23

isa announced Finaxar as the winner of the Visa Everywhere Initiative (VEI) 2019 during the Singapore finals. Finaxar is perhaps best known for partnering with Lazada to offer financing for its merchants. It was chosen from a group of ten finalist who pitched their solutions to a panel of judges at Visa University Visa Everywhere Initiative is a global innovation programme that tasks start-ups to solve payments and commerce challenges of tomorrow, further enhance their own product propositions a…


2019-03-23

ibaba-backed Akulaku is the top funded fintech startups in Indonesia, and now a shareholder of a local bank as reported by Katadata. Akulaku reportedly made an Rp 500 billion (approximately SG$48 million) stake into PT Bank Yudha Bhakti Tbk (BBYB), in stages. At the time of writing, Bank Yudha Bhakti has pocketed Rp 158.7 billion (approximately SG$15 million) from the deal. After the first stage, Bank Yudha Bhakti will conduct a rights issue in May and Akulaku will act as a standby buyer. A…


2019-03-23

Blockchain is at the heart of the digital revolution that’s sprouting new life and ideas into business and innovation across Southeast Asia. With use cases in everything from finance to government, blockchain promises to make our future more decentralized, transparent, and efficient. SGInnovate, and its founding CEO Steve Leonard, is a champion of this new tech. Presented by: Steve Leonard, Founding CEO, SG Innovate About innovfest unbound 2018: innovfest unbound is the anchor event of Smart N…


Bank Indonesia (BI) has shown its commitment to helping increase Indonesian coffee exports by facilitating small and medium enterprises (SMEs) taking part in a coffee expo in Singapore. The SMEs have been enjoying facilities provided by BI as part of the central bank's commitment to helping develop local economies.Held from March 21- 23, The Cafe Asia Expo was participated in by 154 exhibitors from 25 countries.The participation of the Indonesian SMEs was made possible through cooperation betwe…


2019-03-23

Minister of Transport Nguyễn Văn Thể has instructed the State-owned Airports Corporation of Việt Nam to complete the feasibility study for Long Thành Airport and submit it to the ministry by May 30. Speaking at a meeting on Thursday, he said: “In order to fulfill this task, units and relevant agencies should work closely with each other.” He also asked the various agencies tasked with the construction to study the creation of a direct route between the proposed airport …


2019-03-23

Representatives from foreign-invested (FDI) enterprises in Ho Chi Minh City contributed their ideas and recommendations to spur growth in the city at a meeting with municipal leaders on March 23. Secretary of the city’s Party Committee Nguyen Thien Nhan hailed the development of the FDI sector in the city, which has become one of the growth drivers for the city. He reported that 1.55 billion USD had been poured into HCM City in the first three months of 2019, up 20.4 percent from the same per…


The Singapore FinTech Association (SFA) and FinTech Australia will share resources and allow each other access to investors' communities as part of a bilateral memorandum of understanding (MOU) signed on Thursday (March 21). The agreement aims to contribute to the development of the fintech industry across Asean and in Australia, according to a joint statement by the two industry bodies on Thursday. "They will collaborate from time to time on particular initiatives relating to the fintech indust…


TELEMEDICINE has its attractions in that the use of telecommunications technology enables doctors to overcome the barrier of distance to diagnose and treat patients, even those in rural areas. But, as the telemedicine scene grows in Singapore, health professionals and industry players are increasingly confronting fundamental questions about the limits and ethical obligations of the new technology. Gastroenterologist Tan Chi Chiu said it may be risky, for example, for a doctor to treat a stomacha…


Deputy Prime Minister Teo Chee Hean officiated the opening of the revamped Vietnam-Singapore Cooperation Centre in Hanoi on Saturday (Mar 23). He also launched the Singapore Festival during his visit. Tung Ngo reports.Read more at https://www.channelnewsasia.com/news/singapore/dpm-teo-opens-singapore-festival-training-centre-in-hanoi-video-11373040


2019-03-23

In-flight meals that are actually enjoyable are few and far between. In part, that’s because ingredients often need to be shipped hundreds or thousands of miles from farms to airports, meaning sometimes they’re not exactly fresh. Singapore Airlines is aiming to change that with a “farm-to-plane” partnership announced Thursday with AeroFarms, a vertical indoor farming company. At AeroFarms’ Newark, New Jersey headquarters, a variety of leafy greens are grown with only light, nutrients a…


State-owned airport operator PT Angkasa Pura (AP) II will dedicate Terminal 2F of Soekarno-Hatta International Airport in Tangerang, Banten to low-cost carrier services as international flights have been moving to Terminal 3. “We will formally operate Terminal 2F as an LCCT [low-cost carrier terminal] on May 1,” said AP II president director M. Awaluddin in a statement on Thursday. The move was made in response to the Tourism Ministry’s aim to increase tourist arrivals.  The operation…


0 SHARES             The Public Works and Housing Ministry has said the ministry will complete the construction of 15 more dams this year to support the irrigation system in regions across country after the ministry completed the construction of 14 dams in 2018. To develop the 29 dams, the ministry has allocated Rp 40 trillion (US$2.83 billion) from the state budget. “The projects are part of a planned 65 dam projects that will be completed by 2023 with a total allocation of Rp 84 t…


2019-03-22

Experts talked about the role of Ho Chi Minh City as a bridge connecting to European markets during a ceremony to launch the Whitebook Briefing 2019 on March 20.Co-Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Nicolas Audier said European firms will expand business in Vietnam this year with HCM City as the most favourable destination.The National Assembly also passed a resolution on piloting special mechanisms and policies for the city’s development, he added. EuroCham wi…


2019-03-22

The first batch of VinFast Lux cars have shipped to 14 countries in four continents for quality and safety tests.The testing process will last from now to August 2019, ensuring all VinFast products meet the high standards of Europe and the world before being sold on the market.A total of 155 VinFast cars are scheduled for quality testing, as the first trial production batch, of which 113 are completed vehicles and 42 semi-finished cars. The transport process is divided into several phases, to 14…


2019-03-22

A technology and entrepreneurship program for the youth of Mindanao, in the southern part of the Philippines, will empower and create more opportunities for them. According to a recent report, “Coop Kicks” will engage and mobilise the youth of Mindanao, encouraging them to take part in charting the new course of the region towards peace, unity, and prosperity. Support for the Youth The Coop Kicks program aims to tech-up the youth through entrepreneurship and technology boot camps, pitching …


2019-03-22

The Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch (VCCI-HCM), in collaboration with the China Foreign Trade Center, held a conference on March 20 to introduce the 125th China Import and Export Fair (Canton Fair) and a business exchange between Vietnamese and Chinese enterprises.Canton Fair is the largest trade fair, with more than 25,000 exhibitors and about 200,000 buyers expected to attend.The fair is divided into three phases. Phase 1 from April 15-19 will show electric…


2019-03-22

The Republic of Korea's Financial Supervisory Service (FSS) said on March 21 that it has asked Indonesia and Vietnam to step up cooperation in the financial sector, in line with Seoul's policy aimed at deepening ties with Southeast Asia. Yonhap news agency cited a FSS statement as saying that Yoo Kwang-yeol, first senior deputy governor of the FSS, is on a five-day visit to Indonesia and Vietnam from March 19 during which he discussed issues of mutual concern with his counterparts. In Indonesi…


2019-03-22

VinSmart Company, a subsidiary of Vingroup, announced on March 20 that its Vsmart smartphones would be distributed in Spain by Media Markt.The Vsmart smartphone is the first Vingroup product introduced in Europe, showing the group’s ambition to bring Vietnamese technology to the international market.“Spain is an extremely important market for Vsmart, the first foreign market Vsmart set foot on, through a combination with BQ - Spain’s leading technology company that Vsmart currently owns 51…


2019-03-22

 The Vietnam International Packaging, Label, Thermal Transfer, Printing Technology Equipment and Supplies Exhibition 2019 (VPSE 2019) kicked off in Hanoi on March 20.The annual event was initiated by Dong Nam Advertising and Commercial Promotion JSC and held in conjunction with the Vietnam International Advertising Equipment and Technology Exhibition (VIETAD 2019).It offers a good opportunity for domestic and foreign organisations and enterprises to seek partners, transfer technologies, and dev…


2019-03-22

Việt Nam now exports 1 billion pairs of shoes per year and the nation is the second largest leather and footwear exporter in the world, according to experts at the Việt Nam Footwear Summit 2019 held in HCM City Wednesday. Diệp Thành Kiệt, vice chairman of the Việt Nam Leather and Footwear Association (Lefaso), said Việt Nam follows just China in leather and footwear exports with more than 1 billion pairs of shoes each year. From now until 2025, Việt Nam’s footwear industry is st…


2019-03-22

A specialised route for goods transportation was opened on March 21, linking the Tan Thanh border gate of Vietnam’s northern border province of Lang Son with the Pu Zhai border gate of China’s Guangxi Zhuang Autonomous Region.The opening ceremony was attended by Vietnamese Deputy Foreign Minister Le Hoai Trung, the secretaries of the Communist Party of Vietnam committees of Lang Son, Ha Giang, Cao Bang and Quang Ninh provinces that border China, and Secretary of the Communist Party of China …


2019-03-22

Projects in line with NEA's efforts to better optimise resources, push technology adoption, and improve productivity across the environmental services industry. It was announced yesterday, Thursday 21 March 2019 that two consortiums in Singapore will be undertaking the design, development and trial of driverless vehicles for road cleaning, having been awarded research and development projects by the National Environment Agency (NEA) and the Ministry of Transport (MOT). Two consortia to develop a…


2019-03-22

Sometimes, the best way to get over something you fear is to turn it into a business. While this method might not work for all fears, this was the approach Singaporean Marcus Ong (28) took to deal with his fear of cockroaches. “I started fearing cockroaches as far back as I can remember,” he shared in an interview with us. “I disliked them because I have this [idea] that all cockroaches are dirty.”........


The three founding members of local start-up SG Bike had different ideas of what their future would be like before they started the firm. Chief technology officer David Lim, an economics graduate from University College London, wanted to be an investment banker. Marketing director Benjamin Oh eyed a career in public relations, while the company’s founder and chief operating officer Sean Tay wanted to be a nuclear scientist.   In a recent interview with Channel NewsAsia, the trio maintained t…


Catalist-listed Jawala's Malaysian bank accounts with at least RM16.5 million (S$5.5 million) have been unfrozen, following an order by the Malaysian Anti-Corruption Commission to release the timber company's suspended bank accounts. Jawala, in a regulatory filing on Thursday night (March 21), broke the good news that its subsidiary Jawala Plantation Industries (JPI) had received a letter dated March 21 from CIMB Bank saying that the bank had received an order issued by the Malaysian Anti-Corrup…


2019-03-22

Compromised credentials from Singaporean government agencies and educational institutions were put up for sale on the dark web Credentials from several government agencies and educational institutions, as well as more than 19,000 compromised payment cards from banks in Singapore, have been put up for sale online by hackers. “Around 50,000 of them are government e-mail addresses. They are either outdated or bogus addresses, except for 119 of them which are still being used” said Mr Alexander…


2019-03-22

The ride-hailing competition in Singapore is about to heat up again with the entry of Vietnamese firm FastGo next month. FastGo offers three types of rides — private cars, taxis and motorbikes. But like Gojek, it is likely to offer just private-hire car services in Singapore. Those keen to register as a FastGo driver can do so via its mobile app from April 1, and customers will be able to book rides from April 30. Drivers will be charged a fixed daily subscription fee of US$5 (S$6.73) instead …


National water agency PUB said on Thursday (Mar 21) it will terminate the water purchase agreement with Hyflux subsidiary Tuaspring Pte Lte (TPL) and start taking over its desalination plant, if the company does not remedy its defaults by Apr 5.  In a media release, PUB said it is willing to waive the compensation sum it is entitled to under the agreement, and purchase only the Tuaspring Desalination Plant (TSDP) at zero dollars.    This comes after Tuaspring sought clarification from PUB o…


A Manpower Group report has found that 56 per cent of Singaporean employers have trouble filling open positions, the highest figure reported since 2008. A quarter of companies have also commented that filling technical roles became tougher in 2018, with engineers, technicians and IT professionals being in high-demand. This is not just a Singapore phenomenon.  According to management consultant Korn Ferry, Asia Pacific will potentially see a talent deficit of 47 million workers by 2030, w…


2019-03-22

Co-founded by former Expedia employees, Singapore-based Travelstop is a modern, artificial intelligence (AI) powered SaaS platform that simplifies business travel, automates expense reporting for businesses in Asia, and offers insights to business owners. The platform is quickly gaining traction from the region’s startups and fintech community, helping small and medium-sized enterprises (SMEs) and high-growth organizations including Funding Societies, Fintech News Network, RedDoorz, S P Jain…


Diners here can look forward to more innovative dining concepts from South-east Asia, as restaurant associations in the region come together to share theirideas and creations. A memorandum of understanding was signed on Thursday (March 21) by the restaurant associations from Singapore, Cambodia, Indonesia, Malaysia, the Philippines and Vietnam to form an Asean Restaurant Associations Alliance. The MOU will help the food and beverage (F&B) sectors in Singapore and the other countries to expand th…


When it comes to luxury, nothing compares to the quality and craftsmanship of Ermenegildo Zegna Su Misura, a completely personalized service where every detail and every stitch is carefully executed to match the characteristics and personality of the individual customer. The excellence of Ermenegildo Zegna Su Misura starts with the wool itself: wool that is first transformed into precious fabrics and then into expertly crafted made-to-measure attire ranging from formal wear to casual looks and n…


2019-03-21

According to a recent report, the Thailand Post is looking to expand financial services through electronic know-your-customer (e-KYC) and self-service kiosks to serve customers in rural areas with no bank branches, competing with 7-Eleven convenience stores. The President of Thailand Post noted that the agency has seen an increase in the demand for bank services at our 1,200 branches nationwide, serving consumers who may not be able to go to bank branches or whose branches closed because of digi…


Jeepney manufacturer Elmer Francisco Industries (EFI) and Hong Kong-based fintech  Madison Holdings have teamed up to develop a flexible financing scheme, aiming to enable jeepney operators to buy new public utility vehicles as old units are required to be phased out. The program intends to help operators and drivers abide by the government’s Public Utility Vehicle Modernization Program (PUVMP). This is pursuant to Department of Transportation’s (DOTr) omnibus guidelines on the planning and…


PRESIDENT Rodrigo R. Duterte has signed an executive order authorizing funding for the fourth tranche of the salary hike for government workers against any available appropriations from the reenacted 2018 budget, as the contentious process of enacting the 2019 budget threatened to outlive the 17th Congress. Malacañan Palace released to reporters on Wednesday a copy of Executive Order No. 76, which amends EO No. 201 (Series of 2016). The new EO carries the title “Modifying the salary schedule…