US, China ink ‘phase one’ trade agreement

Publication date 16 January 2020 | 23:18 | ICT

The US and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place.

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  • Samsung Biologics set for Alzheimer’s deals

    Publication date 16 January 2020 | 22:25 | ICT

    Kim Tae-han, the CEO of South Korea’s Samsung Biologics, said Wednesday that he expects to take on contract manufacturing deals for Alzheimer’s disease treatments, and that the company will be ready when the opportunity arises.

  • NBC: Banking sector robust

    Publication date 16 January 2020 | 22:24 | ICT

    The local financial industry continued its rapid growth despite multiple regional and international challenges, the National Bank of Cambodia (NBC) said on Thursday.

     
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  • Toyota investing $400M in flying car firm

    Publication date 16 January 2020 | 22:23 | ICT

    Japanese car giant Toyota on Thursday said it is investing nearly $400 million in a company working on commercialising electric flying cars for “fast, quiet and affordable air transportation services”.

  • Malaysian firm buys stake in energy company

    Publication date 16 January 2020 | 22:22 | ICT

    Malaysian power infrastructure provider Pestech International Bhd has acquired a 94 per cent stake in Green Sustainable Ventures (Cambodia) Co Ltd (GSV), financial news publication The Edge Malaysia reported on Wednesday.

     
  • Mango factory officially inaugurated

    Publication date 16 January 2020 | 22:22 | ICT

    Hyundai Mao Legacy Co Ltd on Wednesday held the grand opening of its $10-million mango processing plant in Kampong Speu province’s Phnom Sruoch district, marking a significant milestone for the Kingdom’s agribusinesses and export in

  • Visa provides grant to boost women’s financial literacy

    Publication date 16 January 2020 | 22:20 | ICT

    VISA Inc has joined hands with the government in the ongoing Promoting Financial Literacy for Women and Women Entrepreneurs Project, which aims to boost productivity and efficiency in the Kingdom’s socio-economic developmen

  • Malaysian companies can raise up to $24.6M through digital tokens

    Publication date 16 January 2020 | 22:18 | ICT

    Business in Malaysia are allowed to raise funding up to 100 million ringgit ($24.6 million) through digital token offering beginning the second half of this year.

  • Taal disaster to push inflation higher

    Publication date 16 January 2020 | 21:08 | ICT

    As ash fall from Taal volcano puts livestock in the Calabarzon area at great risk, pressures on the supply of food products like chicken, hogs and fish may buoy consumer prices in the country early in the year, Philippine National B

  • Goldman Q4 profits hit as it readies for hefty 1MDB fine

    Publication date 16 January 2020 | 21:06 | ICT

    Goldman Sachs reported a drop in fourth-quarter profits on Wednesday following a mixed performance in its operating businesses as it set aside $1.1 billion in anticipation of settlements in the 1MDB scandal.

  • Jokowi wants vehicles in new capital city to be autonomous, electric

    Publication date 16 January 2020 | 21:05 | ICT

    Indonesian President Joko “Jokowi” Widodo has said he wants public and private transportation in the new capital city to be the first in the world that uses only autonomous and electric vehicles (EVs).