Mumbai, Feb 15 : State governments should try to replicate benefits offered by hubs like the Silicon Valley in the US to spur entrepreneurship, Tata Sons chairman emeritus Ratan Tata said on Monday. “We need research centres to encourage youngsters to innovate, a venture-capital led financial environment to help entrepreneurs and industrial parks with benefits […]
Category: Economy
China FDI growth steady despite slowing economy
Beijing, Feb 15 : Foreign direct investment (FDI) in China continued to grow steadily in January despite slowing growth in the world’s second largest economy. FDI, which excludes investment in the financial sector, rose 3.2 percent year on year to $14.07 billion in January, Xinhua cited the Ministry of Commerce (MOC) as saying on Monday. […]
Myanmar-China bilateral trade hits over $9 billion
Nay Pyi Taw, Feb 15 : Bilateral trade between Myanmar and China hit over $9.4 billion in the first ten months (April-January) of 2015-16 fiscal year, sources with the Ministry of Commerce said on Monday. Myanmar mainly exports oil and gas and agricultural products to China, Xinhua reported. The imports from China include industrial products […]
China again suspends oil price adjustment
Beijing, Feb 15 : China’s top economic planner will not adjust domestic retail oil prices as global prices stayed below an official price floor introduced in January, it announced on Monday. Under the current mechanism, prices of refined oil products are adjusted when crude prices translate into a change of more than 50 yuan (over […]
3,750 planes in demand over 20 years in Southeast Asia
Singapore, Feb 15 : A total of 3,750 new airplanes valued at $550 billion are expected to be in demand over the next 20 years in Southeast Asia, according to the Southeast Asia Current Market Outlook (CMO) released by Boeing ahead of the biennial Singapore Airshow on Monday. Boeing forecasts the Southeast Asian region to […]
India’s oil, gas reserves still unexplored: Dharmendra Pradhan
Mumbai, Feb 15 : With the $140 billion oil and gas industry in India slated to grow at five percent per annum, a major part of the 3.14 million square km area of the country’s reserves remain unexplored, Petroleum and Natural Gas Minister Dharmendra Pradhan said here on Monday. According to the International Energy Agency’s […]