Luckin Coffee chief asks banks for $200 million loan
Hong Kong – Chinese startup Luckin Coffee’s chairman is seeking a loan of at least $200 million from banks including Goldman Sachs and Morgan Stanley under a deal that would award them mandates in the firm’s planned U.S. IPO, people … Continue reading Luckin Coffee chief asks banks for $200 million loan
China, Indonesia ground Boeing 737 MAX 8
Beijing – China, Ethiopia and Indonesia have grounded all Boeing 737 MAX 8 aircraft while a number of airlines across the world are carrying out safety measures on the jets following the Ethiopian Airlines crash on Sunday that killed all 157 people on board. On … Continue reading China, Indonesia ground Boeing 737 MAX 8
Vietnam: Eco-friendly straws replacing plastic
Hanoi – More businesses in Vietnam are investing in production of eco-friendly straws as replacement of single-use plastic straws that have stormed local restaurants and coffee franchises, signaling a shift in people’ awareness of this throbbing environmental problem. The Old … Continue reading Vietnam: Eco-friendly straws replacing plastic
Vietnam: Largest solar power plant inaugurated
Hanoi – Vietnam’s largest solar power plant cluster was officially put into operation in the Central Highlands province of Dak Lak on Saturday. The Srepok 1-Quang Minh solar power plant cluster covers approximately 12 hectares in Ea Wer Commune, Buon Don … Continue reading Vietnam: Largest solar power plant inaugurated
ITB Berlin goes South Asia: “ITB India” in 2020
Berlin – Messe Berlin, one of the world’s leading trade fair companies, announced today that it will be organizing the inaugural ITB India in 2020. The 3-day business-to-business travel trade show and convention will take place at the Bombay Exhibition Centre … Continue reading ITB Berlin goes South Asia: “ITB India” in 2020
Myanmar launches trade, investment project
Yangon – The Ministry of Commerce together with the Directorate of Investment Administration (DICA) and the International Trade Center (ITC) launched the Trade and Investment Project (TIP) on Monday with the aim of boosting Myanmar’s business ecosystem by improving trade … Continue reading Myanmar launches trade, investment project
Grab secures USD 1.46 billion investment
SINGAPORE – Grab Holdings Inc. (“Grab”), Southeast Asia’s leading super app, today announced it has secured US$1.46 billion of fresh funding from the Softbank Vision Fund (“SVF”). This capital injection from SVF brings the total financing secured in Grab’s current Series … Continue reading Grab secures USD 1.46 billion investment
International travel out-performing economic growth
Berlin – In 2018, the number of outbound trips increased by 5.5 per cent, resulting in 1.4 billion international trips. Hence, once again tourism is a key growth driver of the global economy, which “only” grew by 3.7 per cent in … Continue reading International travel out-performing economic growth
Global Fairs TT-Messe now at ISH and Light + Building in Frankfurt
Frankfurt – The unexpected closure of the world-renowned CeBIT expo in 2019 in Hannover came as a surprise to many national and international exhibitors and left them without an appropriate alternative. Jan Nintemann, owner of the Global Fairs TT-Messe Osnabrück, … Continue reading Global Fairs TT-Messe now at ISH and Light + Building in Frankfurt
ITB Berlin: Focus on ecological sustainability
Berlin – Tourism with a vision of the future: socially responsible tourism has been on the agenda of the World’s Leading Travel Trade Show for many years. This year, with its wide range of workshops, seminars and lectures on social responsibility, … Continue reading ITB Berlin: Focus on ecological sustainability