Global steel output melts after 5-year rise
NEW YORK: World steel production shed 2.8 percent last year to 1.62 billion tons after five years of growth, with...
Wanda signs $10b investment deal to build park in India
BEIJING: Chinese billionaire Wang Jianlin's Dalian Wanda Group Co has agreed to invest up to $10 billion in India to...
SOEs’ profit declines 6.7% in 2015
BEIJING: China’s state-owned enterprises reported a drop in profit for 2015 as the broader economy recorded the slowest annual expansion...
China’s CSIC to suffer a 2.8 billion yuan loss
BEIJING: As the date to release the annual report pushes closer, performance forecasts have been released by listed companies and...
NA body recommends separate budget defence production
RAWALPINDI: The National Assembly’s Standing Committee on Defence Production has recommended allocation of a separate annual budget for the Ministry...
Edible oil imports may rise up to 11%
MUMBAI: Edible oil imports could rise as much as 11 per cent to a record 16 million tonnes in the...
China’s technology exports growing
BEIJING: China will export more aviation, transportation and telecommunication technologies and products this year as global demand has changed and...
Zhejiang’s Hangzhou joins the trillion-yuan GDP club
HANGZHOU: The GDP of Hangzhou, capital of Zhejiang province, grew by 10.2 percent to one trillion yuan ($150 billion) in...
Viva Industrial Trust revenue rises by 18.5%
SINGAPORE: Singapore-focused business park and industrial property trust Viva Industrial Trust has posted a 20.6 per cent rise in distributable...
Hong Kong Customs celebrates 2016 International Customs Day
HONG KONG: The Secretary for Commerce and Economic Development, Mr Gregory So, and the Commissioner of Customs and Excise, Mr...
Hong Kong Customs seizes 3kg meth worth HKD950K
HONG KONG: During an anti-narcotics operation at Hong Kong International Airport last Thursday, around three kilograms of suspected methamphetamine was...
Global palm oil output to be lower than forecast for 2016
KUALA LUMPUR: Global palm oil production is expected to be lower in 2016 than forecast due to the El Niño...
South Africa’s economy to remain weak
CAPE TOWN: Ratings agency Standard & Poor’s (S&P’s) expects a tough year for the South African economy. In its ‘Sub-Saharan...
Kuwait eyes projects worth KD16.7bn
KUWAIT: 2015 was a milestone for Kuwait’s projects market, with an unprecedented KD 9.7 billion ($32.2 billion) worth of contracts...
Qatar’s healthcare spending projected to touch $12bn by 2024
DOHA: Qatar is expected to witness an estimated spending of about $12bn (QR43.7bn) by 2024, a sharp jump of 150...
Sri Lanka to apply for GSP Plus next month
COLOMBO: The Sri Lankan government is likely to make its formal application for the European Union’s (EU) General System of...
BNI to offer Rp 11.5 trillion in micro loans
JAKARTA: State-owned lender PT Bank Negara Indonesia (BNI) will make available Rp 11.5 trillion (US$72 million) in its 2016 micro...
BNI net profits drop by 16% YoY in 2015
JAKARTA: State-owned lender PT Bank Negara Indonesia (BNI) suffered a 16 percent year-on-year drop in its net profits last year,...
Holtek revenue rises by 0.9%
TAIPEI: Holtek Semiconductor Inc yesterday posted a net income of NT$806 million (US$23.97 million) for last year, up 1.9 percent...
Chipmakers post combined record-high revenue as phone makers drive demand
TAIPEI: The nation’s chipmakers posted a combined record-high revenue of NT$1.17 trillion (US$34.8 billion) last year, primarily due to increased...
