Indonesian pharmaceutical Bio Farma ready to produce IndoVac Covid-19 vaccines

Bandung, W Java, Indonesia, Sep 9, 2022 – (ACN Newswire via – PT Bio Farma, the holding company for state-owned pharmaceutical companies in Indonesia, announced a new milestone in the manufacturing of IndoVac, a Covid-19 vaccine brand it has developed since November 2021. IndoVac Covid-19 vaccine in production at PT Bio Farma’s facilities near […]

Sea’s Shopee shuts operations in Argentina, Chile, Colombia, Mexico: Sources

SINGAPORE – Sea’s e-commerce arm told employees on Thursday it was shutting local operations in Chile, Colombia and Mexico, and leaving Argentina entirely, according to three sources with direct knowledge of the matter and an internal e-mail. The Singapore-based company will maintain cross-border operations in the first three markets but will cut the majority of […]

India’s top conglomerate Tata in talks to join club of iPhone makers

TAIPEI – Tata Group is in talks with a Taiwanese supplier to Apple to establish an electronics manufacturing joint venture in India, seeking to assemble iPhones in the South Asian country. The discussions with Wistron Corp are aimed at making Tata a force in technology manufacturing, and the Indian salt-to-software conglomerate wants to tap the […]

As crises mount, Europe turns once again to big spending, throws vast sums at energy crunch

BRUSSELS – Nationalisations. Subsidies. Cash handouts. Price caps. Profit taxes. It is back to 20th-century economics in Europe. Governments are resorting to old-school solutions, long dismissed as bad policy, throwing vast amounts of money at the energy crisis engulfing the region to avert a political, social and economic meltdown. The stand-off with Russia over Ukraine is […]

DBS enters metaverse in tie-up with The Sandbox to create virtual BetterWorld

SINGAPORE – DBS Bank is creating a metaverse virtual world that will allow users to experience building a better, more sustainable world. Dubbed DBS BetterWorld, it will be accessible to members of the public, including non-DBS customers, for free. For this venture, Singapore’s largest bank is partnering The Sandbox, an Ethereum-based decentralised virtual gaming world. […]

China’s inflation slowdown fuels calls for more policy stimulus

BEIJING – China’s consumer and producer inflation slowed in August as sporadic Covid-19 lockdowns suppressed spending and commodity prices fell, giving policymakers enough room to support the troubled economy if needed. The consumer price index (CPI) rose 2.5 per cent from a year earlier, the National Bureau of Statistics said on Friday, down from the 2.7 […]

India curbs rice exports to calm local prices, but move could fuel global food inflation

NEW DELHI – India, the world’s biggest rice shipper, restricted exports of key varieties that mainly go towards feeding Asia and Africa, threatening to rattle global crop markets and exacerbate food inflation and hunger.  The government has imposed a 20 per cent duty on shipments of white and brown rice and banned broken rice sales abroad. The […]

MC and InfraRed Named Preferred Bidders for UK Offshore Transmission Asset

TOKYO, Sep 9, 2022 – (JCN Newswire via – Mitsubishi Corporation (MC) is pleased to announce that MC and InfraRed Capital Partners (InfraRed) have been selected as the preferred bidders for a new offshore electricity transmission link in the UK. MC’s partnership with InfraRed comes via its UK-based, wholly owned subsidiary Diamond Transmission Corporation […]

EC Healthcare Chairman Mr. Eddy Tang Further Increases Shareholding, Exhibiting Unwavering Assurance in the Future Development of the Group

HONG KONG, Sep 9, 2022 – (ACN Newswire via – EC Healthcare (the “Company”, which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce that on 7 September 2022, the Group’s Chairman, Executive Director and Chief Executive […]

Zelensky, Blinken meet on US assistance for Ukraine

US Secretary of State Antony Blinken (right) poses with Ukrainian President Volodymyr Zelensky during their meeting in Kyiv, Ukraine, Sept 8, 2022. (GENYA SAVILOV / POOL PHOTO VIA AP) KYIV – Ukrainian President Volodymyr Zelensky on Thursday met with visiting US Secretary of State Antony Blinken to discuss US assistance for Ukraine, the presidential press […]

China inflation slows more than expected as Covid-19 flares up

BEIJING – China’s consumer inflation unexpectedly moderated in August as sporadic Covid-19 lockdowns across the nation suppressed spending, while producer price growth slowed more than expected, giving policy makers enough room to support the troubled economy if needed. The consumer price index rose 2.5 per cent from a year earlier, the National Bureau of Statistics […]