May 01, 2024 Last Updated 17:14 PM EDT

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Asia/Pacific

Report: China Damages Philippine Vessel in Disputed South China Sea Shoal

The incident, which damaged a canopy on the Philippine Coastguard BRP Bagacay, occurred just outside Scarborough Shoal.

China’s Firms Reportedly Go Underground on Russia Payments to Avoid US Sanctions

Chinese firms operating in the Russian market are looking for alternate ways to facilitate trade with its northern neighbor, as they can no longer rely on large banks to finance such transactions...

Apple Secures Top Spot as Singapore's Best Employer for 2024, Google Ranks Second

The survey results also showed that being unhappy with work-life balance led more employees to leave their jobs...

China Passes Tariff Law, Extending Exemptions on US Products Until November 30

The Customs Tariff Commission of the State Council announced Monday that China will continue to exempt some US imports from extra taxes until the end of November this year...

China Ousts Scientist Behind Beijing's First COVID-19 Vaccine Over Serious Discipline, Law Violations

A former top executive at China's largest vaccine manufacturer, who ov...

US Buys More Than 80 Soviet-Era Aircraft From Russia's Ally for Around $20,000 Each

The United States (US) reportedly acquired 81 obsolete Soviet-era comb...

Latest News

Key Challenges in Philippine's Trade and Investment Sectors
Nordic Business Council Philippines (NBCP) issued its 2016 annual report on Philippine and challenges in the trade and investment sectors. Meanwhile the Central Bank expected a strong growth in the ec
Chinese Production Sector Reports The Highest Growth Since July 2014
Chinese production sector has been witnessed to go through the weakest growth due to reduction in demands and historic low iron ore and crude oil prices. Following the stimulus measures adopted by the
Japan gears up for fintech revolution
Japan is planning big for exploring 'fintech' (financial technology) segment. The world's third largest economy has decided to ease restrictions on investment in the fintech sector. After the proposed
Support For Shinzo Abe’s Stimulus Package on Spending Measures Rises
Japanese economy has been witnessed to go through sluggish growth rate. To boost up the economic growth, Prime Minister Shinzo Abe has been planning for announcing a stimulus package of new spending m
El Niño Hurts Malaysia's Palm Oil Output
Due to the continuing harmful effects of El Niño, Malaysia's palm oil production has been greatly affected reducing output by millions of metric tons.
China to make inroads into global chip making
China is planning to become a major force in the global semiconductor segment. State-run XMC is setting up a major $24-billion semiconductor project in association with a US company.
Vijay Mallya Steps Down As Sanofi India Chairman
Vijay Mallya announcement his retirement as Sanofi India Chairman and wishes not to be elected anymore. He said that he wants to spend more time in England where his children stay.
The World is Facing Sugar Shortage Until at Least 2017, Caused by El Niño
El Niño is hitting on cane productions especially in Asia, leading to a global shortage and the rise in prices. This would be the first year of sugar shortage after years of surplus. The shortage is p
PetrChina To Cut Production Following 67% Decrease In Profit Earnings During 2015
PetroChina has announced its earnings, forecasts and future planning for cutting down production on Wednesday in Hong Kong. Around 67% decrease in net profit and 12-year low oil price has apparently p
Mitsui Forecasts ¥64 Earnings Per Share Despite Possibility For Incurring Net Annual Loss
Markets of iron ore and gas have been hit hard due to over supply and decreasing demand and Japanese trading house Mitsui & Co. also follow trait. The Japanese trading house is going to embrace loss f

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