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Xinhua Asia-Pacific news summary at 1600 GMT, March 11
SEOUL -- South Korea's export fell in double digits in the first 10 days of March due to fewer business days, customs office data showed Monday. Export came to 13.54 billion U.S. dollars in the 10 days, down 13.4 percent compared to the same period of last year, according to Korea Customs Service. (South Korea-Exports) - - - - VIENTIANE -- Participants in the 30th ASEAN Economic Ministers' Retreat.....»»
NZ - UAE trade agreement consultation begins
Following a meeting with UAE Trade Minister Dr. Thani bin Ahmed Al Zeyoudi at the WTO Ministerial Conference in Abu Dhabi, Trade Minister Todd McClay has launched public consultation for a trade agreement between New Zealand and the United Arab Emirates (UAE). "The UAE is a top-20 export market for New Zealand, and our largest market in the Middle East, with exports increasing 17% i.....»»
New Delhi raises target for defense exports
India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»
Analysts paint rosier economic picture for 2024
The country’s strong economic growth is likely to be sustained this year on the back of rising exports and robust private consumption, according to the Department of Trade and Industry as well as private banks......»»
Cebu offers prospects for US agricultural exporters
Cebu offers strong opportunities for direct shipments of US agricultural exports, driven by the feed and food manufacturing, food service and food retail sectors, according to the United States Department of Agriculture......»»
IMF hikes Philippines 2024 growth target
The International Monetary Fund upgraded its 2024 economic growth forecast for the Philippines amid the stronger rebound in investments and exports......»»
BrahMos supersonic cruise missile system exports to begin in next 10 days: DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): India will begin the export of ground systems for the BrahMos supersonic cruise missile in the next 10 days while the missiles of the system would be sent by March this year, DRDO chairman Dr Samir V Kamat said on Thursday. The Defence Research and Development Organisation chairman, in an interview with ANI, said the first set of BrahMos missile systems is expected to reac.....»»
BrahMos supersonic cruise missile system exports to begin in next 10 days: DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): India will begin the export of ground systems for the BrahMos supersonic cruise missile in the next 10 days while the missiles of the system would be sent by March this year, DRDO chairman Dr Samir V Kamat said on Thursday. The Defence Research and Development Organisation chairman, in an interview with ANI, said the first set of BrahMos missile systems is expected to reac.....»»
Trade gap expected to widen further
The Philippines’ trade deficit is expected to widen further this year amid weaker exports and stronger imports, according to Dutch financial giant ING......»»
Trade gap widens to $4.69 billion in November
The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»
Philippines air travel soars in Q1
Air travel in the Philippines maintained its upward trend in the first quarter, lifted by the recovery of the international market and the consistency of the domestic demand......»»
Canadian in Batangas P9.6 billion shabu haul to face raps
The Department of Justice will file charges against a Canadian who was implicated in the recovery of shabu valued at P9.6 billion in Alitagtag, Batangas on April 15......»»
Petron eyes growth for 4th straight year
Oil giant Petron Corp. is hoping to sustain its strong financial performance for the fourth consecutive year by taking advantage of the country’s economic recovery to hike its sales volume......»»
AyalaLand Logistics Q1 profit: P211-M (+18%)
AyalaLand Logistics teased a Q1 net income of P211 million, up 18% y/y on what ALLHC refers to as a “solid recovery from the downturn experienced in 2023.”.....»»
From heartbreak to joy: A mother’s journey through a miscarriage
CEBU CITY, Philippines—Almost two years ago, a young mother bravely shared her miscarriage story in the hopes of helping mothers like her recover from the setback. For this year’s Mother’s Day celebration on May 12, 2024, the same mother tells her story of recovery and journey to motherhood after giving birth to her second baby—.....»»
Indian Overseas Bank adopts multi-pronged approach to ensure recovery from NPA accounts
Indian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strategies include Securitisation, Compromise Settlement, Asset Reconstruction, with e-auction on May 28, details on www.iob.in......»»
Rice Vanguards harvest win No. 3
Nueva Ecija extended its winning run while Pampanga sustained its recovery in the MPBL (Maharlika Pilipinas Basketball League) Sixth Season last Thursday at the Bren Z. Guiao Convention Center in San Fernando, Pampanga......»»
Consunji Group maps out recovery plan for Cemex
The Consunji Group has mapped out a strategic plan to revitalize listed cement maker Cemex Holdings Philippines......»»
Go aids Puerto Princesa fire victims
Sen. Bong Go has supported recovery efforts for 373 families affected by fire in Puerto Princesa City in Palawan......»»
Sydney Airport sees passenger traffic closer to pre-pandemic levels
SYDNEY, April 22 (Xinhua) -- Australia's Sydney Airport has seen a total of 10.3 million passengers pass through its terminals in the first quarter of this year, marking a 14.4-percent jump from the same period in 2023 and a 93.7 percent recovery compared to Q1 2019. As per a quarterly report on traffic and operational performance released on Monday, the airport's international terminal served 4.16 million passe.....»»