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A 3D boost for manufacturing

DPA At a factory on the fifth floor of Woodlands Spectrum, a sprawling industrial estate, 10 machines, each about the size of a large cupboard, hum for hours each day as they churn out fully-formed products in metals, plastic, resin, sandstone or wax. Making anything from machinery gears to figurines, the additive manufacturing facility run by Ultra Clean Asia Pacific ...

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Zooming in on delicacies

Bloomberg Everyone is a food photographer these days. So where does that leave Martin Parr, who has been snapping food portraits for 25 years? His new book “Real Food” features more than 200 slates of everyday meals and snacks from 36 countries. Why focus on food when everybody else is doing it and he is known for capturing ordinary people ...

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Iran’s oil storage struggle holds back exports to Europe

Reuters Iranian oil flows to Europe have begun to pick up from a slow start after sanctions were lifted in January, but trading sources say a lack of access to storage part-owned by Tehran’s Gulf Arab rivals now looms large on a list of obstacles. European countries accounted for more than a third of Iran’s exports, or 800,000 barrels a ...

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Alkhabeer Capital releases GCC 2016 budgets report

Emirates Business Alkhabeer Capital, the asset management and investment firm based in Jeddah, Saudi Arabia, released today the 2016 edition of its report reviewing GCC governments’ budgets. The report analyses the latest budgets of the region’s governments, the recent reform measures announced and the broader, long-term implications of the political will to improve efficiencies, curb wasteful expenditures and instill fiscal ...

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NTT to buy Dell for $3.5bn

TOKYO / Bloomberg NTT Data Corp., a unit of Japan’s former telephone monopoly, agreed to buy technology services businesses from Dell for $3.055 billion. The acquisition was announced by the unit of Nippon Telegraph & Telephone Corp. in a statement to the Tokyo Stock Exchange on Monday. The company didn’t give a date for when it will acquire the Dell ...

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Sharp, Foxconn may seal deal after months of delays

Tokyo / Bloomberg Sharp Corp. and Foxconn Technology Group said they are pushing to close the rescue deal for the Japanese manufacturer that has been held up by disagreement for more than a month. Hon Hai Precision Industry Co., Foxconn’s flagship company, said on Sunday it will hold a board meeting on March 30 as scheduled, where it may discuss ...

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Fairfax to buy Bangalore Airport stake for $322mn

New Delhi / Bloomberg Indian airport operator GVK Power & Infrastructure Ltd. said it sold a stake in its Bengaluru aerodrome to Fairfax Financial Holdings Ltd., helping cut debt. The shares rose. Fairfax will buy 33 percent of Bangalore International Airport Ltd. for 21.49 billion rupees ($322 million), GVK said in a statement to the Mumbai stock exchange on Monday. ...

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Sri Lanka gets $400 million loan from Japan for airport expansion

Colombo / AFP Japan has loaned $400 million to Sri Lanka to build a new terminal at the island’s main international airport which suffers congestion from growing tourism, it was announced on Monday. The Japan International Cooperation Agency (JICA) said the second terminal would more than double capacity to 15 million passengers annually. The terminal, to be opened in 2020, ...

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Malaysia palm production to worsen on El Nino

Kuala Lumpur / Bloomberg Malaysia’s palm oil production will slump more than previously forecast as the lingering effects of El Nino curb output in the world’s second-biggest producer, according to Godrej International Ltd.’s Dorab Mistry. Production will drop by 2 million metric tons in the year through September, Mistry said in remarks prepared for a conference on Monday in Beijing. ...

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Moody’s lauds Philippine economy as stable

Manila / DPA The Philippines’ stable macroeconomic profile would enable the country to withstand external shocks better than most of its neighbors could, debt watcher Moody’s Investors Service said. In a statement, the government’s Investor Relations Office (IRO) cited a recent Moody’s report which assessed the Philippines’ macroeconomic profile as “Moderate+,” better than the assessment of “Moderate” for China, India, ...

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