Monthly Archives: March 2014

The new ‘silk road’, a rail link from China’s factories to Europe

One of the world’s longest railways — a “modern-day silk road” — covers some 11,000 kilometres (7,000 miles) en route from the Chinesee megacity of Chongqing to Duisburg, a key commercial hub in western Germany. On Saturday, as part of … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

China oil giants enjoy profit rises despite weak economy

China’s major onshore oil firms Sinopec and PetroChina said profits rose in 2013, despite weakness in the world’s second largest economy. Sinopec — a listed unit of China Petrochemical Corp — saw net profit edge up 3.5 per cent year … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , | Leave a comment

Myanmar reboots troubled airport tender

Myanmar is re-launching a tender to build a second international airport near its main city after the winning South Korean bid hit problems funding the $1.5 billion project, a senior aviation official said Monday. The country has temporarily suspended the … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Some segments of shipping industry showing signs of recovery

The shipping industry has had to navigate rough waters since the end of a boom in 2008. But industry watchers have said certain segments are starting to show signs of recovery, and as a result, more funding is flowing back … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Tesco to become first foreign supermarket in India

Britain’s Tesco said on Friday it had struck a joint venture deal with India’s Tata Group to become the first foreign supermarket to enter the country’s US$500-billion retail sector. The world’s third-biggest retailer made the announcement after winning clearance from … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , | Leave a comment

DBS, UOB launch new advisory services to help businesses

DBS Bank and United Overseas Bank on Tuesday launched new advisory services to help their corporate clients. DBS said its working capital advisory programme seeks to help companies free up cash flow by assisting them in analysing their physical and … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Singapore becoming regional hub for boating enthusiasts

Singapore is becoming a regional hub for boating enthusiasts, offering opportunities to industry players who build, broker and service yachts. With more yachts calling in Singapore, experts said there are spin-offs for the economy as a whole. However, rising yacht … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , | Leave a comment