While most agree the digital economy is one of the most promising areas for growth in the Asia-Pacific region, the lack of available well-trained employees threatens to shut own growth before it starts.
China Tender and Business News
After two competitors were disqualified, the government of the Philippines selected the Milsaltel Consortium, a joint venture consortium including China Telecommunications Corp., Udenna Corp. and its subsidiary Chelsea Logistics Holdings Corp., and franchise holder Mindanao Islamic Telephone Company, Inc., (Mislatel), as the provisional winner for the lucrative third telecom provider slot in the Philippines.
In a major boost for Shanghai investors, on November 5 President Xi of China announced plans to expand the region’s free-trade zone and create a startup-focused new financial market.
Donald Trump and President Xi Xinping are expected to meet to discuss trade issues alongside the upcoming November 30 meeting of the G20. No one is optimistic about what could happen.
After multiple years of increasingly damaging natural disasters, APEC Finance Ministers have gathered to launch a series of initiatives to help mitigate the effects of earthquakes and extreme weather in the region.
Dr. Chang Yong Rhee, the Director of the International Monetary Fund (IFM)'s Asia and Pacific Department, reflects on why Southeast Asia has made such strong strides in recent decades.
The government of Sri Lanka has changed its mind and reversed a prior decision to award a $300 million housing construction deal to a Chinese joint venture firm.
Now that a Manila court has denied a temporary restraining order blocking the company, China Telecom has become the second foreign company to buy bid documents to become what is being referred to as the ‘third player’ in the country’s telecommunications mix.
The Energy Department says it will be tightening restrictions on shipping civilian nuclear subsystems and technology to China, effective immediately.
On October 7, China’s central bank made a major cut in the amount of cash its banks must hold in reserve, effectively pushing 750 billion yuan (US $109.2 billion) of liquidity into the economy.
A new liquefied natural gas venture to produce up to 26 million tons a year of LNG is backed by Royal Dutch Shell and three Asian giants together to build the new facility, plus a major investment from the Canadian government.
As the latest Typhoon Trami crashes through Japan with winds up to 134 mph and Indonesia deals with the aftermath of a 7.5 magnitude earthquake from last week, APEC has issued its own emergency call for more effective means of handling climate-driven and other natural catastrophes in the region.
A special 3-week Seminar held in China in September highlighted the unique nature of opportunities for telemedicine and medical technology collaboration across the entire span of China's Belt and Road initiative.
The much-delayed sea bridge connecting Hong Kong, Zhuhai and Macau is going through a last set of test runs before the bridge opens for service sometime in October.
The ancient Chinese city of Xi'an, which was host city for the 7th APEC E-Commerce Business Alliance Forum, was a showcase for a unique approach to fighting poverty using e-commerce. The learning here are about to roll out across the rest of APEC as a means of fighting poverty throughout the region.
Last week the European Commission put forth a proposed strategy to assist with critical infrastructure development within Asia, apparently as a direct response to China’s expanding influence in the region via infrastructure investments.
China was just hit by what the U.S. says is collateral damage from its sanctions on Russia, but the penalties seem far stronger than that.
While detailed requirements for it are still being drawn up, the state-run Philippine National Oil Co. (PNOC)’s proposed liquefied natural gas (LNG) facility has drawn strong interest from some of the biggest players in the business.
Luxury electric car startup Lucid Motors just landed a $1 billion investment from Saudi Arabia’s sovereign wealth fund.
As Super Typhoon Mangkhut crosses open seas from the Philippines and heads toward landfall, Chinese authorities are working to protect two power plants directly in the path of the storm.
Super typhoon Mangkhut, projected to hit the Philippines by the morning of September 15 as a Category 5 hurricane with maximum sustained winds of 167 mph, will be the strongest storm to hit the Philippines this year and even bigger than 2013’s Super Typhoon Haiyan, which killed over 6,000.
Private banking continues to surge in China, with the top 10 private Chinese banks posting a record-high value of assets under management (AUM) to RMB 8.3 trillion (US $1.2 billion) in 2017.
Sources within China say bugs in a high-power turbine engine built for its J-20 stealth fighter have been resolved, and the J-20 is on its way to volume production.
Even as Donald Trump finalizes the approximately $200 billion worth of imported Chinese goods planned to receive tariffs this week, he also threatened to tax another $267 billion in the near future.
The government of China is looking to accelerate its domination of the world telecommunications industry, this time through the possibility of combining its two wireless carriers.