India

The tiny clinking vials supervised by silent PPE-wearing technicians belie the excitement inside the world's largest vaccine manufacturer, the Serum Institute of India, a major player in the fight against coronavirus. The firm, founded in 1966 in the western city of Pune, is producing millions of doses of the Covishield vaccine, developed by AstraZeneca and Oxford University, for India and much of the developing world.....


2021-01-23

Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come.This view was shared at the India-Vietnam Investment Forum, held jointly by the Indian Consulate General in Ho Chi Minh City, the Private Economic Development Research Board, the Investment & Trade Promotion Centre of HCM City, and VinaCapital Group on January 22 in HCM Cit…


2021-01-23

Megawide and Indian partner GMR on Friday handed over to the government the newly completed Clark International Airport terminal, expected to start operations by July this year. In a handover ceremony, Megawide-GMR turned over the new terminal to the Department of Transportation (DOTr), Bases Conversion and Development Authority (BCDA), and private airport operator Luzon International Premier Airport Development Corp. (LIPAD). ....


The funds raised will be utilized to expand the overall manufacturing, sales, and servicing capabilities by the company The Noida-based cold chain startup Inficold India Pvt. Ltd., supported by Shell Foundation, which provides cold storage solutions, announced on Friday to have raised INR 6.5 crore in a funding round led by RVCF and other undisclosed high net worth individuals as a part of their pre-Series A fund closure.....


The company will use the funds to build the founding team, product development and make the product available to the global market Bengaluru-based interactive email marketing platform MailModo on Friday announced to have raised $270,000 in the pre-seed funding round led by Titan Capital,  First Cheque, Gameskraft, AngelList, and other marquee groups of investors including Archit Gupta, Deepak Diwakar, Harsh Shah, among others.....


On Friday, CBI registered a criminal conspiracy case against Cambridge Analytica and Global Science Research for illegally harvesting personal data of Facebook users in India Once at the centre of a global storm for allegedly manipulating elections in the US and other countries, Cambridge Analytica is a non-entity today. However, it does hold the rather dubious distinction of being synonymous with misuse of personal data and harvesting data from online firms. On Friday, the Central Bureau of Inv…


Non-Resident Indians (NRIs) who came to visit India before the COVID-19 outbreak and got stuck in the country due to the nationwide lockdown and other pandemic restrictions for the whole of the current financial year are grappling with a strange situation. They may now have to pay tax in India in the financial year 2020-21 as their period of stay has overshot the limit of 120 days prescribed under section six of the Income Tax Act, 1961....


2021-01-23

Budget 2021-22 is likely to announce the creation of a database of up to 250 million informal workers and migrants, with the aim of ensuring that they get the benefits of the government’s welfare schemes. This comes in the wake of last year’s lockdown-induced flight of migrants to their hometowns and villages....


2021-01-23

Indian billionaire Mukesh Ambani doubled down on his promise to offer 5G services on his wireless network as early as this year, as his conglomerate Reliance Industries Ltd. reported a record profit aided by its consumer businesses....


Maruti Suzuki has sold over 70,000 units of the Super Carry since its launch in 2016 India’s largest passenger carmaker, Maruti Suzuki, is beginning to make its presence felt in the CV segment, at least in the mini-trucks....


Middle East

2021-01-24

STC Group achieved the highest annual revenue in the past 8 years, group CEO Nasser Al Nasser said in a statement, of which Argaam received a copy.   This achievement was primarily due to the increased demand for stc's various services & products, and the company’s ability to meet this demand promptly and efficiently, especially during COVID-19 pandemic.....


2021-01-24

Saudi Arabia’s Almarai, the region’s largest dairy company, reported a net profit increase of 10 percent to SR1.984 billion ($530 million) after Zakat and tax for the fiscal year 2020. This was as a result of 7 percent year-on-year revenue growth, mainly due to foods, long-life dairy and poultry.....


2021-01-24

The Year 2020 was arguably one of the most challenging years in human history. The onset of COVID-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide. On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allowing global investors leverage opportunities offered by its diverse economy, business-friendly environment and low operating costs, among other …


2021-01-24

Mohammed bin Rashid Aerospace Hub (MBRAH), at Dubai South, has announced that private jets movements continued its growth in 2020 by 21 percent compared to 2019 driven by the high number of movements in Q4. The aerospace hub also recorded a steep 78 percent growth of private jets movements in Q4 2020 compared to the same period in 2019 due to the government’s measures in combating the spread of COVID-19. "It gives us immense pleasure to see the substantial increase in private jet travel across…


2021-01-24

ADGM reinforces collaborative sustainable efforts with Emirates Nature–WWF to promote sustainable activities and practices across the UAE The collaboration will set forth frameworks between both parties to support a sustainable future Abu Dhabi Global Market (ADGM), the award-winning international financial centre, and Emirates Nature–WWF, the leading non-profit organisation established to drive positive change in the UAE, have signed a Memorandum of Understanding (MOU) to progress the impl…


2021-01-24

DP World, UAE Region’s flagship free zone, Jebel Ali Free Zone (Jafza) signed a Memorandum of Understanding (MoU) with UAE-based STAR-K Kosher Certification to educate its partners in the food and agricultural commodities sector about kosher certification, aiding them to get certified as kosher. The MoU was signed by Ahmad Al Haddad, Chief Operating Officer, Parks and Zones, DP World, UAE Region, and Rabbi Ahron Haskel, President, STAR-K Kosher Certification in the Middle East, Europe, and Afr…


2021-01-24

Dubai Electricity and Water Authority (DEWA) has completed 87.73% of its project to extend its water transmission network by 36 kilometres across Dubai, at a total cost of about AED 256 million. The project locations include extensions along Sheikh Mohamed bin Zayed Road and Emirates Road; and connections between the Hassyan Pump Station to Dubai Investments Park and Dubai World Central; from Nakhali Reservoir to Alaweer roundabout alongside the Dubai-Hatta Road and Muhaisnah; and from Margham w…


2021-01-24

Non-oil maritime trade currently accounts for 83% of UAE’s total non-oil trade Dubai Chamber analysis points to expected recovery in UAE non-oil maritime transport and trade this year, supported by several positive global economic trends. Dubai, UAE: The UAE non-oil trade volume could grow by up to 12.9% year-over-year in 2021, supported by an expected uptick in maritime transport activity and other positive global economic trends, according to new analysis from Dubai Chamber of Commerce and I…


2021-01-23

The stations boast of innovative design catered to environmental sustainability His Excellency Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) announced the completion of Al Jaffiliya, Etisalat and Union public bus stations at Al Jaffiliya, Al Qusais and Deira. The new stations are a further addition to Al Ghubaiba Bus Station, which was opened in the final quarter of 2020 year.  “The construction of public bu…


The United Arab Emirates (UAE) remains an attractive market for Philippine produce and goods as food exports to the Middle East country remained steady in 2020 amid the pandemic, the Philippine Trade and Investment Center (PTIC) in Dubai said. In a news statement, PTIC-Dubai commercial attaché Charmaine Yalong said there is an increasing demand for Filipino food products in the UAE with the large presence of Filipinos in the country, while Filipino brands are also being put in the mainstream ma…


South East Asia

2021-01-24

Ninh Binh People’s Committee proposed the Ministry of Transport to add an airport in the province to the national airport planning in the 2021- 2030 period, with a vision toward 2050. The province will assign the Department of Transport and relevant authorities to find a suitable location to develop the airport project. The province has highlighted two places that could potentially serve for the purpose, namely Kim Son and Yen Khanh districts.....


2021-01-24

The official portal of the Laos – Vietnam Cooperation Committee was put into operation at a ceremony in Vientiane on January 21.The site was the outcome of the first phase of a project sponsored by Startech, a Vietnamese IT company operating in Laos. The second phase will build a software to serve the committee’s project and administrative management.  .....


Property platform Lamudi has announced its partnership with real estate company SM Development Corp. (SMDC), which has set its sights on expanding its market reach further in the “new normal.”...


Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling arm of Coca-Cola in the country—has unveiled its new distribution center in Manila, jumpstarting a series of bullish investments for 2021. The facility is part of CCBPI’s continuous expansion of its nationwide footprint, as the Company remains true to its longstanding commitment to support economic recovery and growth.....


2021-01-24

Car assemblers are calling for government support for local vehicle manufacturing to remain competitive, following the decision of Nissan Philippines Inc. to stop the production of motor vehicles. “The decision of Nissan Philippines to cease assembly operations highlights the importance of government support to local manufacturing or assembly of motor vehicles,” Chamber of Automotive Manufacturers of the Philippines Inc. president Rommel Gutierrez said in a Viber message....


Have an open, honest conversation on what's expected to be delivered. Also discuss methods of communication, which will be impacted when working remotely.   This will give you more peace of mind to focus on what you need to do, which in turn will help to profile your contributions in the face of businesses cutting costs with fewer promotions or pay rises, says an Institute for Human Resource Professionals spokesman.....


The Philippines human development index score placed it tied at 107th, up four places from a year earlier but still in the bottom half of the 189 countries studied, according to a report by the United Nations Development Program (UN) issued Friday.   The Philippines had a Human Development Index (HDI) score of 0.718, the UNDP said in its Human Development Report 2020, which carries the title “The Next Frontier: Human Development and the Anthropocene.” The rating scale used in the study …


AN application (app) that can compute the estimated harvest date and yield of bananas is likely to be launched within the year, Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development (PCAARRD) Executive Director Reynaldo Ebora said Tuesday.....


2021-01-24

Local banks are expecting a pickup in loan demand from businesses and households despite the tightening of lending requirements as the economy continues to reopen after a long and strict lockdown, the Bangko Sentral ng Pilipinas (BSP) said. Dennis Lapid, deputy director of the BSP’s Department of Economic Research, said results of the Q4 2020 Senior Loan Officers’ Survey (SLOS) showed a further pickup in loan demand for enterprises and a rebound in demand from households based on the diffusi…


Covid-19 taskforce co-chair Lawrence Wong says it's pre-emptive - given that clusters emerged from 2020 festive gatherings SINGAPORE has tightened its rules on household visits ahead of Chinese New Year as a "pre-emptive move", even as the national vaccination drive continues despite a shipment delay. From Jan 26, households will be restricted to eight visitors a day - stricter than the...