Corona beer: Accidental victim of virus spread

THERE is an accidental victim to the coronavirus spread in the word-a beer brand. Anheuser-Busch In Bev, commonly known as AB InBev, which owns ‘Corona beer’ is facing its worst quarter in 10 years following the virus outbreak. In the last two months since coronavirus has been spreading throughout China, the company has suffered a […]

Coronavirus may hit Samsung output from Vietnam

Vietnam’s manufacturing sector is suffering supply chain problems caused by the coronavirus epidemic, which may delay production of Samsung Electronics’ new phones, the Ministry of Industry and Trade said on Friday (21). Samsung is Vietnam’s largest single foreign investor. The epidemic would have an impact on the production of two new phone models as most […]

Malaysia seeks end to Palm Oil tension with India

MALAYSIAN prime minister Mahathir Mohamad has dialled back his criticism of India after it sparked a boycott of Malaysian palm oil, his chosen successor Anwar Ibrahim told on Thursday (6), urging New Delhi to note the change in tone. India, the world’s biggest buyer of edible oils, last month imposed curbs on refined palm oil […]

Malaysia to buy more Indian sugar to resolve palm oil spat: Sources

MALAYSIA’S top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports. MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth $49.20 million in the first quarter, […]

India rejects China-backed world’s biggest Asian trade deal

CHINA joined 14 countries on Monday (4) in agreeing terms for what could be the world’s biggest trade pact, but India pulled out at the last minute on the grounds that the deal would hurt its farmers, businesses, workers and consumers. The Sino-US trade war and rising protectionism have given new impetus to years of negotiations on the Regional […]

RCEP to issue joint statement on proposed trade pact  

LEADERS of India and 15 Asia-Pacific countries are expected to announce later on Monday (4) successful conclusion of seven-year negotiations to create the world’s largest free-trade region though its formal signing will be pushed to February next year, diplomatic sources said. The possible delay in firming up the Regional Comprehensive Economic Partnership (RCEP) during the […]

Bangladesh ahead of India as growth in South Asia slows down: World Bank

BANGLADESH and Nepal are estimated to grow faster than India in 2019, according to the World Bank. The overall growth in South Asia is projected to slow down this fiscal in line with a global downward trend, the World Bank said in its latest report. Pakistan’s growth rate is projected to deteriorate further to a […]

Taiwanese firms focus on India as alternative to China

TAIWAN is pitching India as a potential business destination to its tech, auto, renewable energy, and farm sector firms as the US- China trade war has pushed its companies to look for newer markets, two officials said on Friday (20). More than 10,000 Taiwanese companies, including Apple suppliers Foxconn and Wistron have massive operations in […]

Sri Lanka enters port deal with India, Japan

SRI LANKA today (28) announced it is entering into a partnership with India and Japan to develop a deep-sea container terminal next to a controversial $500-million Chinese-run container jetty in Colombo harbour. The state-run Sri Lanka Ports Authority (SLPA) said a memorandum of cooperation (MOC) had been signed between the three countries to develop what […]

South Asia needs to boost exports to maintain growth: World Bank

SOUTH ASIA needs to increase its exports to sustain its high growth and reach its full economic potential, the World Bank said in a report on Sunday (7). South Asia holds on to its top spot as the world’s fastest growing region, with growth set to step up to 7 per cent in 2019, then […]