Daimler, Geely see China as production hub
FRANKFURT – Daimler AG and Geely Holding on Friday said China could emerge as a manufacturing and export hub for hybrid powertrains jointly developed for Volvo and Mercedes-Benz cars. Earlier this week the German car maker said it will cooperate with … Continue reading Daimler, Geely see China as production hub
RCEP economies account for 29 percent of global GDP
Beijing – On Sunday, China and 14 other countries signed the Regional Comprehensive Economic Partnership (RCEP) Agreement at the virtual-hosted ASEAN Summit, formalizing the largest free trade agreement (FTA) in history. After an arduous eight-year negotiation period, a combination of … Continue reading RCEP economies account for 29 percent of global GDP
PATA: Digitalization essential for SME’s survival
Bangkok – Digitalization and innovation are key for SMEs to survive the pandemic as the travel industry emerges from the crisis, according to a report by the PATA, conducted by Twenty31 Consulting and supported by Agoda, revealed at the World … Continue reading PATA: Digitalization essential for SME’s survival
Maldives: Campaign to bring tourists back
Malé – The Maldives Marketing and Public Relations Corporation (MMPRC) has launched a major campaign with Skyscanner to promote the country as one of the safest destinations in the world for tourists. The three-month campaign will target the UK, as … Continue reading Maldives: Campaign to bring tourists back
RCEP: The world’s biggest free trade bloc launched
HANOI — The Regional Comprehensive Economic Partnership (RCEP) agreement was signed among its 15 participating countries on Sunday, launching the world’s biggest free trade bloc. Participating countries include the 10 member countries of the Association of Southeast Asian Nations (ASEAN) … Continue reading RCEP: The world’s biggest free trade bloc launched
Asia-Pacific: Foreign arrivals plummet 67 percent
Bangkok – The moderate growth of international arrivals into Asia-Pacific destinations in 2019 has been derailed this year, no thanks to the appearance of the coronavirus which has led to the collapse of travel. According to the Annual Travel Monitor … Continue reading Asia-Pacific: Foreign arrivals plummet 67 percent
China congratulates Biden on winning the presidency
BEIJING – China on Friday congratulated U.S. President-elect Joe Biden, who won the Nov. 3 election that President Donald Trump has not conceded, nearly a week after the former vice president clinched enough states for the win. “We respect the … Continue reading China congratulates Biden on winning the presidency
Singapore, Hong Kong to start air travel on Nov 22
Singapore/Hong Kong – The inaugural air travel bubble (ATB) flight between Singapore and Hong Kong will kick off on November 22, allowing for leisure travel between the two places without the need for quarantine. This marks the world’s first air travel bubble … Continue reading Singapore, Hong Kong to start air travel on Nov 22
COVID Vaccine: Moderna is conducting a clinical trial
Washington – Moderna has finished accumulating data for a first analysis of its COVID-19 vaccine and expects to have an announcement on the vaccine’s efficacy by the end of the month, the company said in a statement Wednesday. Pfizer announced Monday that … Continue reading COVID Vaccine: Moderna is conducting a clinical trial
Xi: China strives to achieve tech breakthroughs
BEIJING – China will strive to achieve major breakthroughs in key technologies, state media quoted President Xi Jinping as saying on Thursday. China will build trading platforms for international financial assets, Xi was quoted as saying. (Reuters)