Chinese billionaire Jack Ma is backing a newly formed startup, whose name in English translates to “Hangzhou Ma’s Kitchen Food.” According to a report by CNN, the new company is based in the eastern China city of Hangzhou, Ma’s hometown. The startup will involve sale of pre-packaged food, imports and exports, and edible agricultural products. […]
Read MoreDhaka: The US’ latest policy on labour rights warrants enough reasons for Bangladesh to be alarmed, the Bangladesh embassy in Washington has said, stating that the issue should be “taken into cognizance with priority by concerned stakeholders.” In a letter dated 20 November sent to Tapan Kanti Ghosh, senior secretary, the Ministry of Commerce by […]
Read MoreIndia’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a global slowdown dampening export growth, according to a Reuters poll of economists. Gross domestic product (GDP) growth is forecast to have slowed to 6.8% in the July-September quarter from 7.8% in the […]
Read MoreChinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China’s commerce ministry said. Wang said China-Vietnam trade cooperation had already achieved “fruitful results” and would include strategic areas such as the digital economy, green […]
Read MoreTHE historic warming of ties between South Korea and Japan took a new turn when the leaders of the two countries stood together and told a US audience they were looking at ways to strengthen their economic bonds. Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk-yeol told a group of entrepreneurs at […]
Read MoreThe first China-Laos-Thailand express freight train departed from the Chengdu International Railway Port in Chengdu, capital of southwest China’s Sichuan Province, on November 17, with cargo bound for customers in Thailand. The launch of the express freight train service, which cuts delivery time for goods from Chengdu to Thailand to under five days, marks a […]
Read MoreEquity markets were mixed Tuesday as investors cautiously awaited the release of US inflation data, aware that a big miss in either direction could have major implications for the Federal Reserve’s interest rate plans over the next few months. Wall Street’s three main bourses provided a tepid lead as traders in New York bided their […]
Read MoreOn November 13, Cambodia’s princeling prime minister, Hun Manet, will meet with Cambodia’s aggravated private sector for his administration’s first Government-Private Sector Forum which his nascent government has been preparing for months. There has already been a public furore over the likely rise in taxation, which Hun Manet has denied will happen, but anyone with […]
Read MorePrime Minister Srettha Thavisin announced his government’s intention to promote Thailand as a global festival destination, in the hopes of boosting tourism across the country and attracting more foreign tourists over the New Year period. Srettha announced today that Thailand will host two major events, namely the “Thailand Winter Festival”, which consists of 3,000 festivals […]
Read MorePHNOM PENH, Nov. 10 (Xinhua) — Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. With the objective of de-dollarizing the economy based on the market mechanism and on a gradual approach, the NBC […]
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