India

2018-12-13

Two decades since the last Premier Padmini rolled off its factory, the maker of the iconic sedan is staring at the end of the road. After decades of dominating India’s roads, along with Hindustan Motors Ltd’s Ambassador, the Padmini bowed out in 1997, making way for modern Japanese, Korean and American cars. In the two decades that followed, Premier Ltd made an unsuccessful foray into engineering, arriving finally at the bankruptcy court last month for defaulting on dues of ₹52 crore. Sta…


This scenario is enough to rattle anyone: An SMS in the middle of the night informing that a transaction has been made on your credit card in a city 1000s of miles away and even while the card is in your possession. With the increase in the digital way of life, especially when it comes to financial transactions, the risk of financial frauds cannot be ignored. A fraudulent online transaction in one's bank account, debit or credit card could be because of e-mail spoofing, phishing or it  ..  Re…


The Adani Group plans to bolster its defence business with the purchase of a Bengaluru-based company that has a strong order book and partnerships with key manufacturers in Russia and Israel that are India’s top suppliers of weapons. This will be the group’s biggest acquisition in the sector. Sources told ET that the Adani Group is set to pick up a significant stake in Alpha Design Technologies Pvt, with an initial investment of more than Rs 400 crore that will be scaled up o ..  Read mor…


The Election Commission of India is preparing to pitch for the mandatory, legally backed, linking of voter IDs with the Aadhaar number, ET has learnt. The commission will propose amendments to the Representation of the People Act, 1951, that will require citizens to link their Electoral Photo ID Card (EPIC) with the 12-digit Aadhaar, while ensuring privacy protection, said people with knowledge of the matter. The move is aimed at improving the accuracy of the electoral rolls, they said, ..  R…


Reliance Communications has told the Supreme Court that it cannot pay Ericsson Rs 550 crore by the December 15 deadline because the government has not cleared its spectrum sale to Reliance Jio Infocomm, raising fears that the Anil Ambani-owned company may be pushed into insolvency once again. In a petition to the Supreme Court, RCom sought two weeks after getting approval from the Department of Telecommunications to sell its spectrum and use the proceeds to pay financial and o ..  Read more a…


2018-12-13

Indicating that all upcoming health policies will remain focussed on women, children and youth, Prime Minister Narendra Modi on Wednesday said the government will increase its public health spending to 2.5% of gross domestic product (GDP) by 2025 from 1.15% at present. The Prime Minister was addressing the 2018 Partners’ Forum in New Delhi. “We are committed to increasing India’s health spending to 2.5% of GDP by 2025, reaching to more than $100 billion,” Modi said. “We will continue t…


2018-12-13

Central bank communication is a double-edged sword. Saying too little or too much could queer the pitch for future policy. In Reserve Bank of India’s (RBI’s) case, it was too little in the past few years. This severed smooth channels of dialogue with stakeholders, essential to effective policymaking.     On his first day as governor of the central bank, veteran civil servant Shaktikanta Das made it clear that he is willing to talk to everyone. “Consultation with stakeholders is very impo…


2018-12-13

Swati Shetty, director, international originals and acquisitions at Netflix, has stepped down from her role at the American streaming service. Shetty, who was one of the first to join Netflix’s India team, has worked at the over-the-top (OTT) video platform for two years and five months. “We can confirm that Swati Shetty has decided to leave Netflix,” a statement from the company said. People close to Netflix said that with the increasing focus on India, there was a need for the role to…


2018-12-12

The objective of this hackathon is to promote awareness and subsequently develop solutions that deliver the twin benefit of efficient computing to address the infrastructure challenges, while also not compromising on privacy of data for training AI algorithms.   According to a recent press release, the National Institution for Transforming India, with the vision to further expand the idea of ‘Artificial Intelligence, AI for All’ articulated in the National AI Strategy, has announced that…


2018-12-12

Share:LinkedinfacebookTwitter India's third-largest information technology company will be acquiring seven of the US tech firm’s businesses that are focused on markets, such as e-commerce and human resources, as per a statement by the American IT firm recently.   According to a recent report, an Indian multinational technology company, headquartered has agreed to purchase some of an American multinational information technology company’s software assets for US$1.8 billion, making it one…


2018-12-12

 In its second innings in India, Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is gearing up to invest in the logistics space, apart from core office assets, said three people familiar with the plans. Logistics development is a strategic call for Mapletree, which is looking at creating a long-term investment and development portfolio across key cities. The firm has appointed Souvik Mukherjee to head logistics development in the country and for office investments, and H…


2018-12-12

Over the past few weeks and months, massive changes have taken place at Flipkart, most notably the exit of Flipkart co-founder Binny Bansal. Since Bansal’s exit, Flipkart’s current chief executive Kalyan Krishnamurthy is the undisputed leader at the online retailer, with Myntra and Jabong now reporting into him. In a wide-ranging interview with Mint, Krishnamurthy talked about a variety of issues, including Flipkart’s growth plans for the next few years, the recent round of headlines su…


2018-12-12

 Sequoia Capital invested ₹65 crore in mattresses and sleep-products company Wakefit in exchange for 31.9% equity. With that investment, the previously bootstrapped start-up’s valuation now stands at over ₹210 crore, Wakefit said in a statement on Tuesday. The start-up will leverage 10-15% of the capital from its first funding round mainly to boost its manufacturing capacity to 700 mattresses per day from 250 mattresses per day, and bring automation to its manufacturing processes. Wakefit…


2018-12-12

Flipkart’s chief financial officer (CFO) Sriram Venkataraman will take additional charge as chief operating officer COO), filling a role that has remained vacant for nearly a year-and-a-half. Venkataraman will head the logistics vertical Ekart, the marketplace and the retail vertical, the online retailer said in an internal email. Flipkart’s previous COO Nitin Seth had resigned in mid-2017, citing personal reasons. “The leadership changes we are announcing today affect the following broad …


2018-12-11

The Embassy of Vietnam in India held a conference on cultural communication between the two countries in New Delhi on December 10.The event was part of bilateral cultural diplomatic activities with the participation of Vietnamese journalists and folk artists as well as representatives from the Indian Institute of Mass Communication.At the conference, delegates highlighted the sound traditional friendship between Vietnam and India. They agreed that communication plays a significant role in intro…


2018-12-11

 Tata Motors Ltd, which is on a comeback trail, is betting big on its upcoming SUV Tata Harrier to place itself among the top three passenger vehicle manufacturers on a sustainable basis, a top company executive said.The company, which has been working on a strategy to revive its fortunes in the passenger vehicle (PV) segment for the last couple of years, now believes it has the products and scale to be among the leaders in the segment. In an interview with the Press Trust of India, Tata Motor…


2018-12-11

 On a Saturday evening in October, over 15,000 people thronged Ozone Urbana, a 200-acre township that had thrown open a portion of its sprawling grounds to host Bryan Adams’ concert in Bengaluru. Tucked in a northern pocket of the city, the concert venue is around 30km from Palace Grounds—the erstwhile social heart of the city, which has, in the past, hosted everything from international rock concerts to mining baron Janardhan Reddy’s daughter’s multi-crore wedding. The shift towards th…


2018-12-11

At a time when India’s real estate sector is yet to find its feet under a new tax (GST) and legal (RERA) regime, the liquidity squeeze in the non-banking financial sector has morphed into a liquidity crunch for the real estate industry, which had turned to NBFCs (non-banking financial companies) for support after bank lending to the sector began to stagnate. However, even with the worst of the liquidity crisis behind us, the road ahead for the real estate sector appears bleak and one big reaso…


2018-12-11

The Westminster Magistrates’ Court in London on Monday ordered United Breweries chairman Vijay Mallya’s extradition to India. The verdict is a major breakthrough in the case for India’s investigation agencies, the Central Bureau of Investigation (CBI) and the enforcement directorate (ED), which have charged Mallya with defrauding loans of up to ₹9,000 crore. Mallya now has 14 days to appeal against the decision and can move the higher courts in the UK. If his plea challenging his extradi…


The Reserve Bank of India (RBI) may introduce new modes of electronic verification of customers for financial institutions, including live video, according to two payment company executives privy to the plans. In a meeting with industry executives last week, RBI officials indicated they were keen on rolling out a digital authentication method that would use the XML internet format to extract limited information on customers from the Aadhaar database. This wouldn’t include the biometrics collec…


2018-12-10

 Zee founder and Essel Group chairman Subhash Chandra does not believe that life is coming a full circle for the broadcasting company as it is once again looking for a foreign partner. After all, when it started out in 1992, Zee partnered with Rupert Murdoch’s News Corp in the broadcasting and distribution businesses. “Those times were different and these are completely different times. We are looking for a technology partner as India is way behind the world as far as tech goes,” says Cha…


2018-12-10

Hero Future Energies, the renewable power venture of the New Delhi-based Munjal family, is close to buying the solar power generating assets of Waaree Energies Ltd in a ₹500-550 crore deal, said two people aware of the development. Mumbai-based Waaree is primarily a maker of solar photovoltaic (PV) modules and an engineering, procurement and construction company in solar energy. It also has a 100 megawatts (MW) portfolio as an independent power producer, of which 50MW in Madhya Pradesh and 2…


2018-12-10

Reliance Industries Ltd (RIL), which bought stakes in Den and Hathway cable networks in October, has created seven subsidiaries to handle its fast-growing telecom and content businesses, a senior company official said. These subsidiaries are Jio Content Distribution Holdings, Jio Internet Distribution Holdings, Jio Television Distribution Holdings, Jio Cable and Broadband Holdings, Jio Futuristic Digital Holdings, Jio Digital Distribution Holdings and Jio Digital Cableco Pvt. Ltd, the official s…


2018-12-10

Myntra’s chief executive officer (CEO) Ananth Narayanan has resigned from his role with his position set to be abolished, and Flipkart executive Amar Nagaram has been tasked with heading Myntra, three people directly aware of the developments said. Key Myntra leaders such as chief revenue officer Mithun Sundar, who took charge in April, and human resources head Manpreet Ratia, who also oversaw operations, supply chain and customer experience at Myntra, have also resigned, said the people cited…


2018-12-10

Tata-group owned Indian Hotels Co. Ltd (IHCL) is revamping its budget hotel brand Ginger and is looking to sell some of its assets to make it profitable by the end of the current financial year, top company executives said. Formed in 2004 under Roots Corp. Ltd, a subsidiary of IHCL, Ginger hotels made losses in the last three financial years. In 2017-18, it posted losses of ₹19.07 crore. IHCL, which also runs Taj luxury hotel chain, plans to double the number of Ginger hotels to over 100 prope…


2018-12-09

Dubai Land Department, DLD, has organised the 10th edition of its Dubai Property Show, DPS, in Mumbai with the participation of a number of leading developers. The premium real-estate exhibition, which is set to run from 7th – 9th December, was inaugurated by Mohamed Saleh Ahmed Al Jalah Al Teneji, Consul General of the UAE in Mumbai, Marwan bin Ghalita, CEO of the Real Estate Regulatory Agency, RERA, Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, …


Rohit S, an airline pilot, had enough of Facebook. With over 1,000 friends and part of at least a dozen groups on subjects ranging from planes to politics, the 34-year-old found himself constantly checking his phone for updates and plunging headlong into increasingly noisy debates, where he had little personal connect. While he had originally signed up with Facebook a decade ago to reconnect with school classmates, he found himself more and more disconnected from the sprawl the social n ..  R…


2018-12-09

When I watched Manmarziyaan and fell in love with Taapsee Pannu’s character Rumi, a question my mother had asked two and a half decades ago after seeing Hum Aapke Hain Koun came back to me: Don’t these girls need to study? Go to work? There are so many ways in which Rumi is terrific—the angry walk that has the kinetic energy of a bullet, the hockey kit that looks cooler than a rockstar’s guitar, the taking off for a run when she’s hurting, the complete lack or abandon of artifice w…


2018-12-09

In 14 November, 32-year-old Garima Arora’s Bangkok restaurant Gaa was awarded a Michelin star, making her the first Indian woman to win the honour. While the Michelin star is a global standard of culinary excellence, in this instance, the honour represents something bigger—a transcending of gender and race barriers.  On 20 November, chef Amninder Sandhu was introduced as the sole Indian contestant on the newest international cooking show on Netflix, The Final Table. The show brings togethe…


2018-12-09

 The finance ministry on Saturday said buyers of real estate properties for which completion certificate is issued at the time of sale will not have to pay GST. However, Goods and Services Tax (GST) is applicable on the sale of under-construction property or ready-to-move-in flats where completion certificate is not issued at the time of sale. “It is brought to the notice of buyers of constructed property that there is no GST on sale of complex/ building and ready-to-move-in flats where sale …


Bike manufacturer Royal Enfield would soon set up its subsidiary in Thailand under its plan to strengthen overseas presence, a top official said on December 7. The company which ships its products to over 51 countries from India would be setting up a subsidiary to manage operations in Thailand, Royal Enfield, Head-India Business, Shaji Koshy said.................


Dubai’s Emaar Properties has invited newlyweds Bollywood actress Priyanka Chopra and American singer Nick Jonas  to say their vows again at the Burj Khalifa The pair hosted an extravagant concert on Sunday last for their star-studded wedding at a lavish Indian palace. Chopra, 36, and Jonas, 26 performed an opulent Indian music and dance routine as their friends and family clapped along at the Umaid Bhawan palace in the western city of Jodhpur....................


2018-12-08

The plastic cards sitting in your wallet got some limelight this year. As on September 30, 2018, there are 990 million debit cards and 42 million credit cards in the country compared with 847 million debit cards and 36 million credit cards in the beginning of the year, according to the Reserve Bank of India (RBI). With increasing number of transactions, the regulator and bankers are looking to provide security and convenience for your wallet. Here is a look at what changed for your credit card a…


2018-12-08

Hotel booking start-up Oyo Hotels and Homes, which has grown into India’s leading hotel chain in just five years, has over 6,000 corporates booking hotel rooms with them every month under its corporate business solution — Oyo B. The SoftBank-backed start-up has now come up with Oyo B Direct to cater specifically to the needs of independent corporate travellers, small-scale business travellers, who do not often have dedicated resources to manage company travel. In an interview with Livemint…


2018-12-08

SoftBank hired Facebook Inc. executive Kirthiga Reddy as a partner at its $100 billion Vision Fund, the first woman to join a group of just a dozen that oversees the world’s biggest pool of technology investments. Kirthiga Reddy has joined SoftBank Investment Advisors, which manages the giant fund globally, to focus on frontier and enterprise technology globally, according to a SoftBank spokeswoman. She will work closely with senior managing partner Deep Nishar, the spokeswoman added. Kirthig…


2018-12-08

Future Retail Ltd, the retail arm of Future Group, which owns footwear brands such as Converse, Sketchers and Clarks, is expected to clock ₹1,600 crore in revenue from footwear sales this year with a target of ₹2,500 crore in 2019. Future Group founder and chief executive officer Kishore Biyani said that they are aggressively focusing on footwear to drive the fashion business. He was speaking at the launch of the company’s fashion departmental store, Central, in New Delhi—its 44th in Ind…


2018-12-08

 The Supreme Court (SC) on Friday called for a forensic audit of 74 housing projects of Unitech Ltd that are in various stages of construction. The audit would be carried out by Grant Thornton and the projects under audit would be from 2006 onward. A bench headed by justice D.Y. Chandrachud also asked the financial auditor to place before it the draft terms of the audit and decide the time frame before the next date of hearing. The auditor would be at liberty to obtain details such as permanent…


India has decided not only to support development projects in neighbouring Maldives on a bilateral basis but also join hands with USA, Japan, the UAE and Saudi Arabia to develop islands in the key Indian Ocean region. Delhi is expected to announce a financial package during new President Ibu Solih’s December 17 trip to assist Maldives overcome a budget crisis and fund various civilian projects, persons familiar with the issue told ET. Solih will be in India on his maiden state ..  Read mor…


China and India may be talking about improving their trade relationship but there is little action to go with the words. According to Indian government officials and representatives of various Indian trade bodies, progress is very slow - and may even be getting slower after last weekend's truce between the United States and China in their trade war. Both India and China have sought to rebuild trust after a armed standoff over a stretch of the Himalayan border last year. 


In a bid to bring transparency in political advertisements in the run-up to 2019 general elections, Facebook Thursday made it compulsory for advertisers to disclose their identity and location before any such advertisement material can be run on the popular social media platform and Instagram. Beginning early next year, Facebook will also start showing a disclaimer on all political advertisements by providing details of those placing the advertisements. Also, an 'online searcha ..  Read more…


A team of executives from messaging app WhatsApp held detailed discussions with government officials on Tuesday about allowing traceability of messages that trigger public unrest, indicating the first sign of willingness by the Facebook-owned platform to engage further on what is a key demand by India. The company, which offers end-toend encryption for users of its messaging app, has resisted demands by the Indian government to enable traceability of messages to curb rumours. Senior off ..  R…


The country’s third largest software services firm HCL Technologies has announced that it is acquiring select IBM software products for $1.8 billion. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. The products which represent a total addressable market of more than $50 billion include, Appscan for secure application development, BigFix for secure device management, Unica for marketing automation, Commerce for omni-channel eCommer ..  Read more …


The battle between Singh brothers reached a new low with Malvinder Mohan Singh alleging that he was assaulted by his younger brother Shivinder Mohan Singh at their Connaught place office. However, sources on the other side rubbished the allegations calling them “lies” and that Shivinder wouldn’t hurt a bird. “Today is December 5, 2018. A little after 6 pm Shivinder Mohan Singh assaulted me at 55, Hanuman road. He physically hit me. He hurt me. He injured me here. He broke this button an…


2018-12-07

Six months ago, Bharti Airtel Ltd was the undisputed leader in India’s telecom market with the largest subscriber base, highest profit and maximum revenue market share. The entry of Reliance Jio Infocomm Ltd however resulted in a bruising tariff war, which forced even a large corporate house like the Tata Group to exit the industry. Following a year-long consolidation, only two other private players were left in the field—Bharti Airtel and entity resulting from the merger of Vodafone Ind…


2018-12-07

In an apparent rescue act, Etihad Airways PJSC of Abu Dhabi has offered to guarantee loans worth $150 million that Jet Airways (India) Ltdneeds to keep the airline operational, two people directly aware of discussions between the two airlines said. The development follows several rounds of talks between the two sides which also included a potential equity infusion by Etihad Airways and adding a third Indian partner, said the two people cited above. Both requested anonymity as the talks are …


When it comes to the top 10 cities for economic growth, India is set to dominate over the next two decades, according to Oxford Economics. Surat, a diamond processing and trading center in the north-western state of Gujarat, will see the fastest expansion through 2035, averaging more than 9 percent, Richard Holt, Oxford’s head of global cities research, wrote in a report. All of the 10 fastest over that period will be in India. While economic output in many of those Indian citi ..  Read mo…


Unilever has spent about $30 billion to acquire 50 brands over the past decade and GSK is the proverbial cherry on the cake, said chief executive officer Paul Polman, adding that the company needs to leverage the acquired brands as major growth pillars of the future. He was speaking at the final leg of a two-day annual investor conference held in Mumbai. on Monday, Hindustan Unilever, the local unit of the Anglo-Dutch consumer company, announced a deal to merge GlaxoSmithKlin ..  Read more at…


Uber, which has identified India as a priority market, has touched annualised bookings rate of $1.64 billion in the third quarter, according to a report by CNBC. The report quotes an internal email from Uber’s India head Pradeep Parameswaran to CEO Dara Khosrowshahi and CFO Nelson Chai among other executives. India is Uber’s only major market in Asia after it sold its operations in China, Russia and eight other countries across Southeast Asia. The email, according to the report, said t ..…


Middle East

High production costs, and a limited number of investors willing to back independent filmmakers locally, stand in the way of growing the UAE’s film industry, the Dubai-based director of a movie shot in the emirate has said. “It (filmmaking in the UAE) is a very infant industry,” Shazia Ali Khan told Arabian Business during an interview ahead of the release of her movie ‘Pinky Memsaab’ - which opens in UAE cinemas today, Thursday December 13. The film, set and shot in Dubai, released…


Saudi Arabia wants to bring several states lining the Red Sea and Gulf of Aden into a bloc to improve trade and maritime navigation, according to state-run media. Saudi King Salman bin Abdulaziz met at his Riyadh palace with foreign ministry officials from Egypt, Djibouti, Somalia, Sudan, Yemen and Jordan “to look into establishing an entity for Arab and African states on the Red Sea coast,” Saudi Press Agency reported on Wednesday. They discussed ways to promote commerce and investment, as …


The UAE’s Central Bank and the Saudi Arabian Monetary Authority (Sama) will issue a digital currency for cross-border transactions between the two nations, CBUAE governor Mubarak Rashed Al Mansouri said on Wednesday. “This is probably the first time ever that witnesses the cooperation of monetary authorities from different countries on this topic and we hope that this achievement will foster similar collaboration in our region,” he said during the Arab Fintex Forum in Abu Dhabi. While Al M…


Bus passengers on city and intercity routes from Sharjah need to shell out Dh1 to Dh3 more, depending on the trip, Khaleej Times has learnt. Sources at the Sharjah Roads and Transport Authority (SRTA) said the new tariff took effect from December 1. As per an official circular, the ticket fare has been increased on all city and intercity bus routes. "Bus commuters in Sharjah now need to pay Dh8 instead of Dh7 on city routes," a source said. "Those who have Sayer cards will pay Dh6 instead of Dh5…


The travel of Ethiopian workers to the UAE has been temporarily banned, the UAE's Ministry of Human Resources and Emiratisation has notified recruitment agencies. According to the notification, the ban came into effect on December 11. The ministry warned recruitment offices to not process entry permit applications for Ethiopian workers "until further notice". Tadbeer centres, a one-stop agency for recruiting domestic employees under government-approved unified costs, confirmed its "full support"…


A Dubai Gems school on Friday celebrated a feat unparalleled in the UAE and the region, perhaps in the world as well - to have 129 teachers who are now certified Microsoft Innovative Educator Experts (MIEE). The MIEE certification helps teachers find creative ways to apply digital learning into existing teaching practices. As part of introducing innovative teaching technology more effectively, The Kindergarten Starters, Dubai, adopted the strategy to use Microsoft Education as the basic professi…


Work on major infrastructure projects, which include new roads and drainage improvements, is on full swing in Ajman, and most of them will be completed by year-end and early 2019. A top official of Ajman Municipality said Dh230 million worth of projects had been implemented from 2017 to 2018 to build several new roads and expand others in the areas of Naimiya, Hileu and Muweihat. The municipality had also finished a Dh150-million drainage project in Naimiya, along with the construction of 26km a…


2018-12-13

Dubai developer Meydan has said its Meydan One mall development is on track for an early 2020 launch following construction progress. The project, which includes the largest dancing fountain in the world, a 1km ski slope, heritage village and beach, was first announced in August 2015. Meydan said structural work was now 60 per cent complete. When finished, the mall will host 580 retail outlets split between 30 anchor stores, 80 flagship luxury stores, 190 dining outlets and a 13,200sqm hypermark…


2018-12-13

Dubai’s ENOC has launched what is claimed to be the city’s first portable petrol station. The new compact concept has been running for five days in the in the Arabian Ranches community and so far delivered 12,000 litres of fuel. ENOC said there were plans for three other stations at the Expo 2020 site and it could potentially be brought to other communities similar to Arabian Ranches, where the nearest fuel station is a 20-minute drive away. The concept features one above tank fuel dispenser…


2018-12-13

A minor earthquake hit the UAE on Wednesday afternoon, according to authorities. The National Centre of Meteorology (NCM) said the quake was measured at 2.1 on the Richter scale in Masafi, on the Ras Al Khaimah and Fujairah border at around 4:01 pm local time. “According to the NCM, no effects were registered,” state news agency WAM reported.


2018-12-13

Ajman, the smallest emirate in the seven-member UAE federation, plans to sell its first US dollar-denominated bond next year, a government official told Reuters. Governments in the Gulf have increasingly relied on foreign funding over the past few years as the region’s economy has slowed down following a slump in oil prices. Should it go ahead with its plans, Ajman would be the fifth emirate to issue debt internationally after Dubai, Abu Dhabi, Sharjah and Ras Al Khaimah. Ajman, which is unrat…


Malaysian Industrial Development Finance, the state-backed lender, is exploring a combination with the local unit of Saudi Arabia’s Al Rajhi Bank as it seeks to become a universal Islamic bank, people familiar with the matter said. The potential merger would expand the scope of MIDF’s business and give it the right to take deposits, according to one of the people, who asked not to be identified because the information is private.     A deal could create an entity with combined net asse…


Dubai Duty Free has announced plans for its annual anniversary promotion for 72 hours with a 25 percent pre-Christmas sale. In what has become an annual shopping spree celebration, the airport retailer will offer the discount on a wide range of products over three days from December 18-20 to mark its 35th anniversary celebration. Last year, the company saw sales cross $54 million over the three days, surpassing the $51.74 million mark it reached during the same period in 2014................


Master developer Nakheel and Spain’s RIU Hotels & Resorts’ AED670 million ($182 million) 800-room beachfront resort and water park is taking shape at Deira Islands, with all accommodation floors almost complete and roofing work under way. Façade and installation work at the nine-storey property – the first international hospitality joint venture for Nakheel and the first all-inclusive 4-star family beach resort in Dubai – will begin early next year, Nakheel said in a statement. The deve…


Fancy dining in the jungle without having to hop on a flight? There’s now a brand-new spot at Dubai Marina where you can do just that (kind of).Mama Zonia, an Amazon rainforest-themed restaurant and bar, is now open in Pier 7 and Time Out Dubai’s been along to check out the cool new interiors.Described as “urban jungle escape” the venue – in the popular dining and party hub Pier 7 – is decked out with plenty of greenery, including a mango tree. There’s tropical wallpaper, hand-pain…


2018-12-12

Sharjah Chamber’s trade mission to Kenya concluded its visit as part of its African tour, where it organised the UAE - Kenya Trade and Investment Forum in Nairobi. The forum, which includes the participation of 30 national companies that operate in various manufacturing and industrial sectors such as iron, steel, food, power solutions and electronic devices among others, looks to develop trade relations in Kenya and review the investment opportunities available in both Kenya and the UAE. The o…


2018-12-12

 Emirates NBD Dubai Economy Tracker has shown that November data signalled a stronger improvement in the health of Dubai’s non-oil private sector, reflecting faster expansions in business activity and new work and a stable trend in employment. The three main sectors monitored all registered stronger performances, with construction seeing the fastest growth. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of opera…


2018-12-12

• HE Essa Kazim: “The “Second Market” offers private companies various benefits of being a listed company and adds value for shareholders’ ownership”• HE Hamad Buamim: Dubai Chamber is committed to providing businesses with access to new opportunities, knowledge and tools that can help them thrive and grow• Fahima Al Bastaki: “We actively endeavor to update private companies on the regulatory reforms, as we are looking to further enhance their presence on the market and diversi…


2018-12-12

Over 100,000 Emirates passengers to descend on Terminal 3 this weekend Emirates urges customers to reach the airport early due to  heavy roadworks Travel is expected to peak this weekend for Emirates, as the airline expects yet another busy period with over 100,000 passengers passing through Terminal 3 this upcoming weekend ahead of the winter holiday break.      The busiest time for departures will be on Friday 14th December with more than 30,000 passengers scheduled to travel. Peak travel…


A staggering 818 drivers were fined by the Ras Al Khaimah Police for talking on their hand-held mobile phones while at the wheel in the first six months of the year. Most of them were found hampering traffic flow at the signals. Such a traffic violation draws a fine of Dh800, along with four black traffic points, said Brigadier Dr Mohammed Saeed Al Humaidi, director general of the central operations room, RAK Police. "Fines shall also be slapped on those who eat or smoke while driving in a way t…


Carrying the UAE's message of tolerance and peace to the world, a top Emirati artist will make an appearance at the 26th annual 'Christmas' charity event in the Vatican, to be held on December 15. Dr. Hussein Al Jasmi will be the first Arab artist to appear in the prestigious annual event, which will see extensive participation by a group of international stars. Proceeds of this year's event will go to improving the livelihood of young refugees in Erbil and Uganda by providing education and voca…


2018-12-12

A new franchise joins taxi operations in Dubai from Wednesday, adding 100 taxis to the city’s taxi fleet. Oneroad Taxi, Dubai’s seventh taxi franchise and first Chinese firm to join taxi operations in the Emirate. unveiled its first batch of taxis on Tuesday at its Al Quoz depot. The company is planning to add at least 2,000 taxis, including limousines, ladies taxis and special needs taxis, by 2020, catering to the expected increase in demand in the lead up to Expo 2020.


If you are looking to shop for Christmas and New Year and can't wait till the Dubai Shopping Festival, you can head to this mega sale.  To be held at the Dubai World Trade Centre between December 19 to December 23, 2018, the sale will offer heavy discounts for five days.    Head to hall number 7 and 8 from 10am to 10pm, and check our sale on top brands. The brands on sale include Primadonna, Bourjois, Diesel, Boss, Ted Baker, Guess, Baldi, Skechers and more. 


To mark the Year of Zayed, Ajman Police officials have written the world's biggest letter to the late Sheikh Zayed bin Sultan Al Nahyan. The letter is being carried by a huge truck all across the emirates. It has been signed by Major-General Sheikh Sultan bin Abdullah Al Nuaimi, Commander-in-Chief of the Ajman Police, and a number of top police officers and individuals. Speaking to Khaleej Times, Maj-Gen Al Nuaimi said the letter of love and loyalty was part of a series of activities to celebrat…


His Royal Highness, the Duke of York, officially opened the Masdar Building, which houses The University of Manchester’s Graphene Engineering Innovation Centre (GEIC). Masdar, the principal funder of the purpose-built facility, has called the new facility as an important step forward in its commitment to advancing clean-tech innovation around the world. The 8,400sqm GEIC building, designed by architect Rafael Viñoly, is located on The University of Manchester’s North Campus. It will house…


The Netherlands pavilion for Expo 2020 Dubai has been unveiled with the theme being ‘uniting water, energy and food’ and the pavilion having the ability to produce its own water, renewable energy and organic mushrooms. The project worth about $22.1 million will be built by Netherlands-based firms, V8 Architects, Kossmann.dejong, and Witteveen+Bos and Swiss-based Expomobilia. Sigrid Kaag, Dutch foreign trade and development minister said: “We’re proud of this wonderful design, which sh…


2018-12-12

ndian companies eye expanding operations to RAKEZ in UAE. More than 50 high-profile Indian business leaders have discovered the advantages of expanding their operations to Ras Al Khaimah Economic Zone RAK. As an economic Zone — RAK provides special incentives to Indians investors. In a one-on-one, Ramy Jallad, Group Chief Executive Officer, RAKEZ speaks with @Shilpi Dudeja


The Italian oil-services company Saipem is still assessing the scope and impact of a cyberattack that targeted its servers in the Middle East, according to the head of digital and innovation. “We’re keeping the servers down to understand what happened,” Mauro Piasere said by phone Monday. Once that’s clear “we will be able to load the backup.” The Milan-based company said earlier Monday it had detected a cyberattack and is taking actions to restore normal activities, without giving f…


The Emaar statement added that the company plans to work with the UAE’s embassy in China with guidance from ambassador Ali Obaid Al Daheri, who has been actively working to promote UAE-China ties and foster trade relations and tourism. Additionally, Emaar is planning to open Address branded hotels in “key cities in the country”, which the company said will complement the ‘Belt and Road Initiative’ announced by President Xi Jinping. Chinese tourists to Dubai have more than doubled over …


Meydan One, the lifestyle and retail destination currently under development as part of the Mohammed Bin Rashid Al Maktoum City in Dubai, has announced that the project is on track for its launch in early 2020. Sixty percent of structural work has been completed at Meydan One, which will integrate indoor and outdoor spaces featuring key attractions such a 1km ski slope, a heritage village, beach and water park, hotels and hotel apartments, as well as the largest dancing water fountain in the wor…


2018-12-11

The UAE Ministry of Foreign Affairs and International Cooperation, MOFAIC, in collaboration with the General Secretariat of the Indian Ocean Rim Association (IORA), organised in Abu Dhabi today a workshop on financial inclusion for women entrepreneurs. The two-day workshop brings together the private sector, government civil society and women entrepreneurs from IORA’s 22 Member States and nine Dialogue Partners. The workshop's opening session was attended by Mohammed Sharaf, Assistant Minister…


2018-12-11

 Central Bank of the UAE, CBUAE, has issued a circular to banks regarding the issuance of cheque books as part of its ongoing efforts to improve responsible lending practices by banks. Before issuing customers with cheque books, banks are now required to carry out checks with the Al Etihad Credit Bureau, AECB, to ensure the creditworthiness of their customers. For any new customers, banks shall issue a cheque book containing a maximum of 10 individual cheques to their customers. After a period …


2018-12-11

The fourth edition of the Sharjah FDI Forum started on Monda, with optimistic comments by the UAE Minister of Economy and the Shurooq Executive Chairman about the nation’s readiness to promote foreign direct investments, FDIs, as an enabler of sustainable development, despite the slump experienced globally – especially in developed economies – in 2017. The two-day event titled "Shaping the Future of Economies", got underway at Sharjah’s Al Jawaher Reception and Convention Centre, JRCC, i…


2018-12-11

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, today chaired the official meeting of DIFC’s Higher Board of Directors. The meeting was an opportunity for the Centre’s three entities, DIFC Authority, Dubai Financial Services Authority (DFSA) and Dispute Resolution Authority (DRA) to share their ke…


2018-12-11

The digital courtroom, first of its kind globally, is a testament to ADGM Courts’ commitment to delivering an innovative and world-class dispute resolution jurisdiction that responds to the dynamic needs of businesses and investors and defines the quality and delivery of judicial services for the future.   The launch event was well-attended by state leader, H.E Sultan Bin Saeed Al Badi, Minister of Justice (Abu Dhabi), senior leaders from the Abu Dhabi Government and industry dignitaries. Th…


Ten new schools with affordable fee structures will open in Abu Dhabi over the course of the next, according to local education officials at the recent Private School Forum. No further details were given on what curriculums the new schools will offer.     Quoted in The National, Abu Dhabi Department of Education (ADEK) director Dr Ali Al Nuaimi said that the authority will help make plots of land and vacant buildings available for investors to develop.


Sharjah has announced a budget with total expenses of Dh25.7 billion for 2019, marking a 10 per cent growth in comparison to its budget last year. His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah approved the spending for 2019, which will see an increase in spending on public safety as well as on capital improvement programmes. Focusing on Sharjah's strategic objectives in the economic, social, scientific and cultural fields, investing in i…


A man who offended his fiancee has been jailed for 60 days and fined Dh20,000 in Abu Dhabi. The young GCC national had sent his love a message on WhatsApp as a joke, calling her "idiot" (habla in Arabic). Although he claimed to have used that word in a joking manner, she took it as an insult and filed a court case against him, as per an Emarat Al Youm report. This is one of several court cases filed on the premise of a person sending something on WhatsApp as a joke, which the other person to…


A 58-year-old primary school teacher from Nigeria - who lost her voice, appetite and about 18kg weight due to a tumour in her throat ­­- has recently been gifted her voice and life back in the UAE, just 24 hours after a complex surgery in Ajman. Stella Nwanganga Ntiajuka, who also has a rare blood type (O negative), had hardly eaten for the last eight months due to a tumour that was lodged in a sensitive part of her throat. The condition was so complicated that any surgical intervention would …


2018-12-10

The Dubai Financial Services Authority (“DFSA”) held its Authorisation Roundtable to discuss key aspects of the authorisation process. The discussions also addressed the DFSA’s 2019 priorities for new applicants seeking a licence to provide financial services in or from the Dubai International Financial Centre (“DIFC”). Key regulatory priorities discussed at this event included combating financial crime and digitalisation, in line with the Dubai Government initiatives, whilst ensuring …


2018-12-10

Dubai Airports, Execujet and Lions Clubs International officials gave a warm Dubai welcome to the two determined aviators who are piloting small aircraft around the globe in a bid to raise awareness for the inclusion of people with disabilities. The project, organised by Lions Clubs International, has a clear objective of globally promoting the inclusion of people with disabilities to combat discrimination and to raise funds for the association Humanity & Inclusion. The two pilots, Mike Lomberg…


2018-12-10

Dubai Airports, Execujet and Lions Clubs International officials gave a warm Dubai welcome to the two determined aviators who are piloting small aircraft around the globe in a bid to raise awareness for the inclusion of people with disabilities. The project, organised by Lions Clubs International, has a clear objective of globally promoting the inclusion of people with disabilities to combat discrimination and to raise funds for the association Humanity & Inclusion. The two pilots, Mike Lomberg…


SOS alerts would soon be sent to UAE residents' Facebook accounts when a child is reported missing. The Ministry of Interior (MoI) has teamed up with Facebook to launch the Nidaa (Arabic for alert) system, which is the first of its kind in the region that helps find missing children. According to officials, the system is activated once a parent officially reports his/her child missing to the police. Nidaa will automatically notify Facebook users in the area from where the child is reported missi…


2018-12-09

Oman-based companies will have to secure the Ministry of Manpower’s go ahead before they can hire expats, local daily Times of Oman reported this week.A new traffic light-themed online system is currently being rolled out in Oman, in which companies’ Omanization quotas are being monitored.Under this new system, companies that meet Omanization standards set by the government will receive a green signal online, allowing them to proceed with hiring expat employees..............


2018-12-09

When Joe Mansueto, one of the most successful investors in the US, looked around for his successor as CEO of Morningstar, he had little hesitation: Kunal Kapoor, the Indian-born executive who worked his way up to the post of president in a 20-year career with the Chicago company, was the obvious man.Mansueto and Kapoor share a similar investment philosophy that made the 43-year-old a natural choice to lead the financial giant to the next stage. Both believe in the intrinsic value of taking a lon…


2018-12-09

Oman’s ban on expatriates owning land in the country’s top tourist destination Dhofar will lead to a rise in the value of real estate, according to local daily Times of Oman. The ban allows expats to only be able to own land in and around Salalah, which lead to positivity from locals of Dhofar who felt that the ban would benefit the economy as a whole. “Since this decision states that non-Omanis can only own properties in Salalah and no other wilayat in the governorate of Dhofar, investmen…


The number of people staying in Airbnb accommodations in the UAE will more than double during New Year’s Eve, according to statistics from the company. According to Airbnb, the platform has seen an 108 percent spike in bookings during the New Year period, a figure which is expected to increase closer to the date. United States and UK-based visitors top the list of those booking Airbnb properties, along with domestic travellers from inside the UAE...............


Emaar Properties’ Dubai Creek Harbour has launched Sunset residences, a new apartment complex located near Dubai’s Creek Beach. The community – which includes one, two, three and four-bedroom apartments – includes private gardens and a number of “resort-style” amenities, Emaar said in a statement.     Nearby buildings include Dubai Creek Tower, Creek Marina and Dubai Square, a planned retail community.......


South East Asia

Mitsubishi Motors Philippines Corp. (MMPC) will start exporting locally produced vehicles to different parts of Southeast Asia next year, the Department of Trade and Industry (DTI) said Thursday. DTI said in a statement Mitsubishi will be exporting Mirage and L300 units by 2019, a move which could help address the country’s worsening trade deficit. Read more: https://business.inquirer.net/262144/mitsubishi-to-export-cars-produced-in-philippines-by-next-year#ixzz5ZYMwaUzN 


Construction of more roads, health facilities, school buildings as well as local projects in Mindanao nearly doubled the national government’s infrastructure expenditures in October to P94.4 billion, Budget Secretary Benjamin Diokno said on Wednesday. The latest Department of Budget and Management data showed that disbursements on infrastructure and other capital outlays jumped 83.4 percent in October from P51.5 billion a year ago. Read more: https://business.inquirer.net/262137/infra-spendin…


Leading technology company PT Tokopedia announced on Wednesday that it had secured US$1.1 billion in its latest financing round, led by the SoftBank Vision Fund and Alibaba Group with participation by Softbank Ventures Korea and other existing investors. Tokopedia said in a press statement that it planned to use the funds to build technology and infrastructure that empowers millions of local businesses to grow to drive financial inclusion in Indonesia. Tokopedia CEO and cofounder William Tanuwij…


Singapore-based Gogoprint has acquired Prinzio, an Indonesian printing start-up specialising in commercial printing outsourcing, to boost the growth of its business in Indonesia. In a media statement, Gogoprint said that Prinzio has been operating in Indonesia since 2016 and is backed by principal investor, East Ventures. The startup has worked with clients including Google, e-payments platform Ovo and e-commerce firm Tokopedia. Gogoprint added that it singled out Prinzio due to its strong B2B c…


As hundreds of customers have started to deal with the aggressive debt collectors of illegal financial technology (fintech) lenders, relevant organizations like the Financial Services Authority (OJK) and the Indonesian Fintech Lender Association (AFPI) are starting to realize the importance of joining forces against these illegal peer-to-peer (P2P) lenders. “Our position is the same [with the OJK]. Illegal fintech lenders should be exterminated,” AFPI chairman Adrian Gunadi said in Jakarta…


2018-12-13

The Honeywell UGM Connected Laboratory is a product of the collaboration between the Gadjah Mada University and Honeywell.   The Indonesian Minister for Research Technology and Higher Education Mohamad Nasir was present at the recent inauguration of a technology facility at the Gadjah Mada University. According to a recent report, the Honeywell UGM Connected Laboratory is a product of the collaboration between the University and Honeywell, a technology company.................


2018-12-13

We’ve heard people (or struggle with this ourselves) sharing stories on how they had to sacrifice their dreams for the sake of “reality”. Thinking of what you really want in life can be a real dilemma, especially if you’re uncertain whether that particular path is worth investing your time and resources into. In these type of scenarios, people assume that compromises are needed to be made, but that’s not always the case.........


2018-12-13

 Vietnamese airports are estimated to serve 106 million passengers and handle nearly 1.5 million tonnes of cargo during 2018, up 12.9 percent and 7.7 percent year-on-year respectively, reported the Civil Aviation Authority of Vietnam (CAAV).Vietnamese airlines transported more than 50 million passengers and nearly 400,000 tonnes of goods, representing respective increases of 14 percent and 26 percent compared to the previous year.At present, the Vietnamese aviation market sees the participation…


2018-12-13

A selection of 97 Vietnamese producers of national-branded products from this year will be announced at a ceremony at the Hanoi Opera House in downtown Hanoi on December 20.The information was revealed at a press conference held by the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade) on December 12.Vietrade General Director Vu Ba Phu said that this year, about 1,500 enterprises have registered or been nominated by ministries, state agencies, cities, provinces, and ind…


2018-12-13

The Vietnam International Machinery Fair (VIMAF) and the Vietnam Supporting Industry Fair (VSIF) kicked off in Ho Chi Minh City on December 12.The first-ever events, held at the Saigon Exhibition and Convention Centre, feature around 450 booths of 300 businesses from Vietnam and other countries, including the Republic of Korea, Singapore, Thailand and India.They showcase a wide range of industrial products such as factory automation, products supporting hi-tech industries, metal working machines…


2018-12-13

The Saigon Autotech & Accessories 2019 expo is set to take place during May 23-26, 2019 at Ho Chi Minh City’s Saigon Exhibition and Convention Centre.The event will be held by Asia Trade Fair and Business Promotion (ATFA), in collaboration with the industry agency under the Ministry of Industry and Trade, the Vietnam Chamber of Commerce and Industry, and the Vietnam Association of Supporting Industries.................


2018-12-13

The Ho Chi Minh City Committee for Overseas Vietnamese Affairs held a local dialogue between overseas Vietnamese firms and leaders of municipal departments and agencies on December 12 to discuss opportunities and challenges in starting companies in the city. Speaking at the event, Chairman of the committee Phung Cong Dung said in recent years, Vietnamese worldwide have wanted to contribute to local development. However, conditions for startups, including legal framework, incentives and venture …


2018-12-13

Top prize of $25,000 for professionals and $10,000 for students   Nanyang Technological University, Singapore (NTU Singapore) is inviting entries for the inaugural NTU Singapore Global Digital Art Prize.     This biennial international competition is designed to recognise outstanding creativity in art, design and cultural heritage that makes significant use of digital tools in its creation.    To be awarded for the first time in 2019, the Prize will see top winners receive cash prizes of …


2018-12-13

Chirpey is a social app exclusive to women, that lets users initiate discussions, exchange tips, and arrange meet-ups with other travellers. Co-founders Karyn Lim, Ngin Yun Chuan, and Ong Qi Yong developed the app together after their experience in Silicon Valley under a programme offered by NUS. Women today are empowered and unashamed to experience the world through travel. But that doesn’t mean the world is forgiving when it comes to dangers that females might be more vulnerable to. Ideally…


 Owners of electric scooters will be able to register their devices with the authorities from Jan 2. The registration fee of S$20 will be waived for owners who register their e-scooters by Mar 31, the Land Transport Authority (LTA) said this in a media release on Wednesday (Dec 12).   Advertisemen Read more at https://www.channelnewsasia.com/news/singapore/registration-of-e-scooters-opens-jan-2-lta-singpost-11024684


2018-12-13

Singaporeans Nicole Su and Chelsea Low started making candles as a hobby, and debuted their brand at a local flea market in 2015. With just two makers, Hush Candle produces home fragrances using only natural ingredients and are stocked in Singapore and Malaysia. Our eyes can’t see a fragrance wafting through the air, but its presence is known and has the power to put us at ease, or make us feel refreshed. We light candles at home to help us to slip into an after-work unwind, or to lift our sp…


Should restaurant diners have to pay extra if they bring in their own cake? The issue has sparked a debate online, after food blogger Dr Leslie Tay - who posts at ieatishootipost.sg - wrote on Facebook about a recent dining incident. "So surprised that the pizza restaurant we just had dinner at just told us that they charge S$15 if we wish to cut our birthday cake!" wrote Dr Tay in his post on Sunday (Dec 9). "Since when did this 'anti-celebratory' practice start? I really hope this is not the n…


2018-12-13

When Tan Yining first started her business at the age of 21, she was probably one of the first florists to sell flowers that couldn’t wilt. At that time, she was a first-year student at the Singapore Institute of Technology studying radiography but she decided to drop out to focus on Timeless Fleur, full-time. Since launching Timeless Fleur in late 2016, she has served customers from Canada, Japan, Thailand, Indonesia, Malaysia, and the US, and a customer from the Philippines even personall…


The editor of socio-political website The Online Citizen (TOC) was charged with criminal defamation on Thursday (Dec 13) for publishing an article that alleged corruption among the Singapore Government's highest officers. Xu Yuanchen, better known as Terry Xu, was charged alongside the alleged author of the article, 35-year-old Daniel De Costa. Read more at https://www.channelnewsasia.com/news/singapore/online-citizen-toc-editor-terry-xu-charged-criminal-defamation-11025326


DIVERSIFIED products and technology company Honeywell International Philippines, Inc. opened its central office in Taguig City on Tuesday, a sign of its bullish outlook on the country. Honeywell Philippines President Jeffrey R. Estrella said the company has been recording a revenue growth of more than twice the Philippines’ gross domestic product (GDP) of 6.5% in the past two years. “In terms of total revenues, without going in specifics, the last two years I would say that we’ve grown mor…


2018-12-12

Half of the 5.66 billion baht distributed to 11.3 million recipients of the government's welfare and subsidy scheme was disbursed within three days after the handout programme started, says the Comptroller-General's... link:https://www.bangkokpost.com/business/news/1592158/welfare-handout-half-depleted-in-3-days


2018-12-12

Thailand’s Internet economy in 2018 is estimated at US$12 billion. It is the second largest in SEA with a 22 per cent growth rate per year and is expected to be worth US$43 billion in 2025. Thailand’s Internet economy currently contributed 2.7 per cent of national gross domestic product (GDP), lower than China and the US’ 6.5 per cent in 2016, which means there is huge opportunity to accelerate growth.   According to a recent report, it was noted that according to the e-Conomy SEA 2018:…


2018-12-12

The success of a country’s digital transformation lies in changing employee mindsets and organisational culture, as much as access to technology and specialists.   A recently released white paper has disclosed that for 2018, the ranking of the Philippines in the aspect of digital transformation has remained stagnant. As reported, the Philippines retained its 10th ranking among the 11 countries included in the 2018 Asian Digital Transformation Index white paper of the Economist Intellige…


2018-12-12

There are hopes that the car will be the catalyst to elevate Cyberjaya from its current state as a mere satellite township for administrative capital Putrajaya to become a technology hub. Moreover, the government will share the prototype with the public, it is hoped, early next year.   According to a recent report, the progress of Malaysia’s third national car took a huge leap forward last week, when it was put before the government’s new economic planning committee, with plans to have a…


2018-12-12

Share:LinkedinfacebookTwitter The programme aims to enhance the skills of its graduates, especially in communications through the use of tech, so they can become part of the skilled workforce that contributes towards achieving the country’s aspirations.   The current century demands that the workforce, in order to be high-quality, be made up of individuals who are versatile and able to adapt rapidly to the ever-changing economy and technological landscape. Thus, creating graduates who are …


2018-12-12

Learning to manage data efficiently and rolling out solutions to intelligently process and manage all the information coming from all sides are key pillars to digital transformation.   A digital universe can be described simply as all the data that humans have created, copied, and made accessible digitally. And according to IT tech leaders who attended a recent enterprise tech convention in Cebu, Philippines, the digital universe will be 20 trillion gigabytes large by 2020. As reported, the …


2018-12-12

The promotion of the potential of drone technology in rice farming would cut farmers’ production costs while luring young people back to farming. By bringing it to the ground, rice stakeholders in awe of this flying technology would cease to feel that it is out of reach.   The adoption of the drone technology in farms is being pushed by the Philippine Rice Research Institute(PhilRice). As reported, some of the benefits to be gained upon adoption include cutting production costs and encour…


President Joko “Jokowi” Widodo launched the One Map Policy Geoportal (KSP Geoportal) on Tuesday as a national information portal to serve as a point of reference for land use planning by all government institutions and the general public. Jokowi said he expected the one-map policy to address the issue of overlapping land claims in the country. “In our country, there is too much overlap in land use planning. The problem occurs anywhere,” the President said when introducing the policy. To …


State-owned construction company Wijaya Karya (Wika) has announced that it has won development contracts in 10 countries: Algeria, Malaysia, Myanmar, Niger, Nigeria, the Philippines, Senegal, Taiwan, Timor Leste and the United Arab Emirates. "We will develop 5,000 houses in Algeria, Kinman Bridge in Taiwan and the Presidential Palace in Niger. We want to do our best to complete the projects,” said Wika president director Tumiyana recently when sending off the 311 Wika workers to the three…


Owning a house is a dream for everyone, including millennials, but the majority of them find it hard to put aside their income for a down payment and monthly mortgage installments because of increasing property prices. In response, the government is preparing a policy to provide subsidized mortgages to millennials. Public Works and Housing Minister Basuki Hadimuljono said in Jakarta on Monday millennials would be included as potential recipients of the subsidized housing loan for civil servants,…


Bank Indonesia (BI) plans to see the market share of sharia finance rise to 20 percent by 2023 from its current share of 8 percent. “The market share of sharia finance was long stuck at 5 percent, but with developments in various sectors in addition to sharia banking, like the issuance of sukuk [sharia bond] and other instruments, its share now touches 8 percent,” said BI Governor Perry Warjiyo in Surabaya, East Java, on Monday. Perry said the 20 percent market share target could be reached…


2018-12-12

Hanoi is expected to become one of the country’s three major logistics hubs that meet international standards, said a municipal official. Nguyen Thanh Hai, Deputy Director of the municipal Department of Industry and Trade, said Hanoi has launched a project on managing and developing logistics services in the locality by 2025. Accordingly, the city will build two logistics centres in its north and south, each spanning from 20 to 50ha and connected with inland container depots (ICD) and seapor…


2018-12-12

 Google is researching the procedures for opening a representative office in Vietnam to ensure that its compliance with local regulations is in line with its international commitments, Senior Vice President Ken Walker has said.Walker unveiled the move during a reception by Deputy Prime Minister Vuong Dinh Hue for him in Hanoi on December 11, as part of his trip to Vietnam to meet with a number of public agencies and localities.The official told his host that Google has contacted several Vietnam…


2018-12-12

The national costume representing Banh mi or Vietnamese Bread, worn by H’Hen Nie, the Vietnamese representative in Miss Universe 2018, was selected among the 15 best outfits by Global Beauties.


2018-12-12

 The first Balade en France in Hanoi is set to take place at the city’s Ly Thai To Statue Square from December 14-16, said French Ambassador to Vietnam Bertrand Lortholary in a media briefing on December 11 in Hanoi.It is a review event of the series of activities organised as part of the celebration of the 45th anniversary of Vietnam-France diplomatic ties (1973-2018) and the 5th anniversary of the strategic partnership, organised by the French Embassy in Vietnam, the French Ministry of Agri…


2018-12-12

The app matches the client’s legal problem with the lawyer’s expertise, location and language.   An application that matches potential clients with lawyers for legal consultations has been launched, according to a recent report. The LexMeet app offers real-time online consultation on their video chat platform where clients can directly ask questions and receive legal advice. Clients can register for free after downloading the app. Similar to a ride-sharing.................


2018-12-12

The system supports hospitals preparing for a near-paperless setup using integrated electronic medical records. Being a web-based system has given the institution the option of using the cloud. This helped them save and reduce capital expenses.   A new hospital information system is going to help one of the Philippines’ healthcare institutions to becoming more technologically equipped and operationally efficient. According to a recent report, the innovative technology will help the clinici…


Vietnam Airlines plans to move its shares from the UPCoM (Unlisted Public Company Market) to the Ho Chi Minh City Stock Exchange, home to the country’s largest stocks, by April 2019. The Financial Times first reported that the state-owned carrier will publicly list on the southern bourse, also known locally as HOSE, in the first quarter of next year. Reuters said on Tuesday Vietnam Airlines will float 1.4 billion shares on HOSE in early April 2019. An email sent to Vietnam Airlines requesting…


2018-12-12

A seminar was held in Ho Chi Minh City on December 11 to help local businesses gain an insight into the Republic of Korea’s (RoK) regulations on plant protection product residues on farm produce exported to this market.Kim Ki-joon, President of the Korea Trade-Investment Promotion Agency (KOTRA) for Southeast Asia-Oceania, said after the Vietnam-RoK Free Trade Agreement took effect in December 2015, bilateral trade, including in agricultural products, has enjoyed impressive growth.However, the…


2018-12-12

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong expressed wish to acquire the Chinese city of Chengdu’s experience in urban and transportation management during a reception on December 11 for visiting Mayor Luo Qiang. Phong hailed Chengdu for winning the title of the happiest city of China, adding that Ho Chi Minh City is working to turn itself into a civilised, modern and friendly city. He said China is now among the five largest sources of tourist arrivals to Ho Ch…


Electric vehicles owners will have access to more charging points next year, when BlueSG opens its charging network to third-party vehicles.  The electric car-sharing company announced this on Tuesday (Dec 11) to mark its first anniversary in Singapore.    "Private owners, after subscribing to the service, will be able to conveniently charge their vehicles either in HDB, URA, JTC or private car parks," said BlueSG in a media release, adding that it progressively roll out the service in the f…


 Mention “engineering” and the image of a nerdy, socially awkward character preoccupied with machines and working on mundane tasks springs to mind. In reality, however, that perception is far from true. Read more at https://www.channelnewsasia.com/news/commentary/engineering-dirty-job-mundane-work-low-pay-starting-salary-11016470


2018-12-12

ST Telemedia Global Data Centres has just unveiled plans to erect a new data centre in Singapore. The largest in the Republic, this will also be the company’s seventh data centre in Singapore.   The number of data centres popping up in Singapore have not been few. In August, search engine giant Google announced it will add its third data centre on the island. A month later, Zuckerberg’s Facebook shared plans to build its first data centre in Singapore. Its first in Asia. This month, ST T…


2018-12-12

Windows Windows in your flat are subject to constant rain and wind exposure. Hence, you would need to maintain them as they will deteriorate over time due to fair wear and tear. Regular maintenance of windows is essential for safety. When to check your windows As a flat owner or occupant, you are responsible for the upkeep of the windows in your flat. Otherwise, a window could fall and cause serious injury or worse to those below. You should check your windows at least once every 6 months. Refer…


2018-12-12

Singapore Post Limited is powering up with AI in snail mail. AI will be integrated into its next-generation regional logistics platform LaMP. This will provide unprecedented parcel traceability and reliability for customers across Southeast Asia.   For 160 years, Singapore Post Limited (SingPost) has been the country’s postal service provider. Moving away from an era of snail mail, SingPost has been championing innovative mail and logistics solutions in Singapore and around the world.......


2018-12-11

The start-up ecosystem in Batam will be boosted by MoUs signed with various educational institutions within Indonesia as well as those outside of it.   The start-up ecosystem in the Indonesian island of Batam will be receiving a boost as Indonesian organisations have announced a series of Memorandum of Understandings (MoUs) to support its growth. According to a recent report, the core focus of these MoUs is to provide programme initiatives to develop an ecosystem that will improve on skills …


2018-12-11

Indonesia has one of the world’s youngest populations, which is expected to boost the country’s labour productivity in the next few years. But they lack skilled workers in areas such as information systems and technology; and artificial intelligence and robotics, among others.   The youth of Indonesia will greatly benefit from the US$ 200 million loan that the Asian Development Bank (ADB) has approved. According to a recent report, the bank has approved the loan to upgrade four higher ed…


2018-12-11

Making Indonesia 4.0 aims to make the country a part of the top 10 countries with the strongest economy in the world by 2030. Among the disruptive tech involved with the Industrial Revolution 4.0 are IoT, big data, cloud computing, AI, mobility, VR/AR, sensors and automation systems.   The Indonesian government has launched the Making Indonesia 4.0 to prepare the country for the Fourth Industrial Revolution (IR 4.0). According to the recent report, the Ministry of Industry initiated the road…