CPEC to be made an ‘exemplary project’: Xi on August 1, 2023Chinese President Xi Jinping said on Monday that China will work with Pakistan to aim for high-standard, sustainable and livelihood-enhancing outcomes and further build the China-Pakistan Economic Corridor (CPEC) into an exemplary project of high-quality Belt and Road cooperation. Xi made the remarks in a congratulatory message to the decade of CPEC celebration event held […]
Philippines launches green lanes to lure foreign investors on July 14, 2023The Philippines on Thursday officially launched the “green lanes” to improve the country’s investment climate and boost the flow of foreign direct investments into the country. In February, Philippine President Ferdinand Romualdez Marcos issued an executive order creating green lanes in government offices to facilitate materializing investments. “I am confident that the green lanes will […]
ADB approves $300m loan to Bangladesh on July 14, 2023The Asian Development Bank (ADB) on Thursday said it has approved a 300 million U.S. dollars loan to help achieve integrated and sustainable urban development to improve the livability of 88 municipalities, benefiting 7.6 million citizens in Bangladesh. The Manila-based bank said that the program “Improving Urban Governance and Infrastructure” aims to strengthen urban governance […]
China’s marine economy exceeds 9 trillion yuan on July 13, 2023The gross domestic product of China’s marine economy, which covers industries ranging from navigation and fishery to shipbuilding, exceeded 9 trillion yuan (1.25 trillion U.S. dollars) in 2022, according to the ministry of transport on Tuesday. The ministry released the data at a forum marking the 19th Maritime Day of China in Cangzhou City, north […]
China’s summer box office tops seven billion yuan on July 13, 2023China’s box office revenue for the summer movie season, which runs from June 1 to Aug. 31, has exceeded 7 billion yuan (about 975 million U.S. dollars) as of Wednesday. Data from box office tracker Maoyan shows that the country’s total summer box office earnings had amounted to 7.4 billion yuan thus far. The total […]
Malaysia’s wholesale, retail trade grows 6.6% in May on July 13, 2023Malaysia’s wholesale and retail trade recorded monthly sales value of 138 billion ringgit (29.68 billion U.S. dollars) in May, up 6.6 percent year-on-year, official data showed Wednesday. The Department of Statistics of Malaysia (DOSM) said in a statement that the growth was attributed to the motor vehicles sub-sector, which surged 22 percent to 17 billion […]
Philippines’ FDI net inflows dip by 14% in April on July 11, 2023Foreign direct investment (FDI) that flowed into the Philippines dropped by 14.1 percent in April 2023 to reach 876 million U.S. dollars from the 1 billion dollars net inflows in April 2022, the Philippine central bank said on Monday. The Bangko Sentral ng Pilipinas (BSP) attributed the decline in FDI net inflows in April to […]
Lebanon’s jewelry, fashion expo sees revival of luxury demand on July 9, 2023The high demand demonstrated at the ongoing jewelry and fashion expo in Lebanon boosts confidence in the sales prospects of the country’s designer fashion in the summer season. Over 35 Lebanese fashion and jewelry designers participated in the Jewels of Beirut Expo 2023, underway from July 5th to 8th in the Lebanese capital. Victor Azar, […]
New energy industry in SW China’s Guizhou logs steady expansion on July 9, 2023Southwest China’s Guizhou Province has seen a robust expansion in the new-energy sector amid efforts to ramp up energy production and storage and promote green development, an industry report showed. In the first quarter of this year, the industrial output of Guizhou’s new-energy battery and material sector was about 20.38 billion yuan (about 2.83 billion […]
China’s railway investment up in H1 on July 9, 2023Fixed-asset investment in China’s railways expanded 6.9 percent in the first six months of this year as the country steadily advanced railroad construction, industry data showed. Total fixed-asset railway investment came in at 304.9 billion yuan (about 42.3 billion U.S. dollars), data from China State Railway Group Co., Ltd. showed. The group said it has […]