Factory openings up, says ministry

Publication date 17 February 2020 | 22:43 | ICT

The number of factory openings in the Kingdom rose sharply last year, with 269 new plants starting operations, a 51 per cent year-on-year increase. Most of the openings were garment factories, a recent report from the Ministry of Industry



  • Gov’t to spend $50M to cut electricity tax for industries

    Publication date 16 February 2020 | 22:19 | ICT

    The government will invest some $50 million to reduce electricity tariffs by $0.01 per kilowatt-hour for the industrial and agricultural sectors from this month, Ministry of Mines and Energy senior official Victor Jona said on Sunda

  • Indonesia pushes for more electronic transactions

    Publication date 16 February 2020 | 21:44 | ICT

    Bank Indonesia (BI) is continuing to accelerate electronic transactions as they will provide a source of income and strengthen financial infrastructure within regional governments, its governor Perry Warjiyo has said.

  • EVFTA brings new chances, challenges to VN’s agriculture

    Publication date 16 February 2020 | 21:44 | ICT

    The new trade agreement between Vietnam and the EU opens many doors for agriculture, experts have said.

  • Singapore company eyeing biz opportunities in Kampong Speu

    Publication date 16 February 2020 | 21:43 | ICT

    Singapore-based company PLMP Holding Pte Ltd has expressed its intention to invest in various sectors in Kampong Speu province, despite the EU’s partial withdrawal of its Everything But Arms (EBA) scheme, provincial governor Vei Sam

  • Azmin: Economic growth in Malaysia better than in neighbouring countries

    Publication date 16 February 2020 | 21:41 | ICT

    Economic Affairs Minister Azmin Ali on Thursday made the pitch that while economic growth last year was lower than the official forecast, Malaysia had done better than some of its neighbours.

  • Lay-offs in Vietnam likely amid outbreak

    Publication date 16 February 2020 | 21:40 | ICT

    Vietnamese businesses have voiced their concerns over the struggle to cope with the coronavirus due to a lack of raw materials.

  • Flight of fancy? Aviation industry tries to go green

    Publication date 16 February 2020 | 21:38 | ICT

    From an emissions-reducing model jet that looks like something from a sci-fi movie to electric aircraft and sustainable fuel, the aviation industry is ramping up efforts to go green as consumer pressure grows.

  • Airbus ‘deeply regrets’ tariff hike

    Publication date 16 February 2020 | 21:37 | ICT

    The US is increasing tariffs on Airbus planes imported from Europe to 15 per cent, authorities announced, in a move the aerospace giant said on Saturday was “deeply” regrettable.

  • Moon rallies corporations’ support to fight virus impact

    Publication date 16 February 2020 | 21:36 | ICT

    South Korean President Moon Jae-in on Thursday urged the country’s corporate community to go ahead with investments as planned, calling on business leaders to work with the government to minimise the economic impact of the coronavir

  • Cloud computing: Invisible, versatile and profitable

    Publication date 16 February 2020 | 21:35 | ICT

    With each passing quarter, Amazon, Microsoft and Google have been setting new records, while cloud computing has become the invisible backbone supporting much of our daily lives.