Vietnam-Korea free trade agreement helps shrimp trade
HANOI: Thanks to the free trade agreement between Viet Nam and South Korea in effect from 20 December 2015, businesses...
SHKP raises interim dividend by 10.5% after 9.8% jump in core profit
HONG KONG: Sun Hung Kai Properties (SHKP) raised its interim dividend by 10.5 per cent after reporting an increase in...
Saudi authorities arrests 953 drug smugglers
RIYADH: Security officials have stepped up their crackdown on drug trafficking syndicates, busting several gangs and arresting 953 smugglers including...
PM performs groundbreaking of Rs 16b Green Line service in Karachi
KARACHI: Prime Minister Muhammad Nawaz Sharif Friday performed the groundbreaking of the Rs 16,085 million (Rs 16.08 billion) Green Line...
Singapore factory output dips just 0.5% in Jan
SINGAPORE - Singapore's industrial production in January declined just 0.5 per cent on a year-on-year basis, saved by the volatile...
Rs 30b out of Rs 120b released for water, power projects in 2 quarters
ISLAMABAD: The federal government released only 25 per cent of total allocated amount for water and power projects in two...
China’s crude oil stockpile down 3.65%
BEIJING: China's commercial crude oil stocks edged down 3.65 percent in January from December, according to new analysis by Xinhua...
L’Oreal’s revenue rise slows
PARIS: L’OREAL, the world’s largest cosmetics group, said revenue growth slowed to 4.6 percent last year in China, which still...
Japan’s Jan thermal coal imports fall 13.2%
TOKYO: Following is a table of customs-cleared thermal coal imports for January, released by Japan's Ministry of Finance on Friday....
New Zealand Imports, exports rise in Jan 2016
WELLINGTON: In January 2016, both imports and exports rose when compared with January 2015, Statistics New Zealand said today. The...
Workers’ training to get $15.3b incentive
BEIJING: China will inject 100 billion yuan (US$15.3 billion) in the next two years to finance a structural reform in...
Foreign reserves reach $20.3 billion
KARACHI: The country’s total liquid foreign reserves have reached $20,332.9 million ($20.3 billion) during week ended February 19, 2016. According...
Brazil to tender $477 mln port terminal concessions
BRASÍLIA: Brazilian ports minister Helder Barbalho announced that the country's special ports department, SEP, will launch port terminal concession tenders...
Incheon port touts app to boost productivity
WASHINGTON: Incheon Port Authority launched a single window communication service to reduce congestion and emissions in the vicinity of the...
Cavotec’s ports, maritime revenue falls
WASHINGTON: Cavotec’s revenue from its ports and maritime segment has fallen by 9.2% in 2015. The segment made €115m (US$127m)...
ADB, Sri Lanka Ports Authority ink agreement for $500m port project
WASHINGTON: Philippine-based Asian Development Bank (ADB) and the Sri Lanka Ports Authority (SLPA) signed on Tuesday a transaction advisory services...
China to allocate 100 billion yuan for job losses from capacity cuts
BEIJING: China will establish a 100 billion yuan ($15.3 billion) fund to assist those who are made redundant as a...
Hennessy steps up China investments
BEIJING: The world's largest Cognac maker is stepping up its investments in China as it remains upbeat on the company's...
Hydel profit issue resolved: Centre to give KP Rs 70b in four years
ISLAMABAD: The Centre and Khyber Pakhtunkhwa government have resolved an old issue of hydel profit arrears. Federal Water and Power...
Chinese aviation giant HNA bids for London airport
BEIJING: HNA Group, the Chinese aviation and shipping conglomerate, and a consortium led by Ontario Teachers' Pension Plan Board and...
