Bloomberg Hon Hai Precision Industry Co. intends to keep expanding capacity in China despite persistent disruption from some of the world’s harshest Covid control measures. The company known as Foxconn intends to raise capital spending in 2023 and the biggest portion of that expenditure will go toward its already giant production base in China, Chairman Young Liu told analysts. Foxconn, ...

Abu Dhabi / WAM Adnoc Distribution on Friday reported that its Ebitda rises by 26% year-on-year to AED2.86 billion, and net profit up by 39% year-on-year to AED2.33 billion for the first nine months of 2022. For the third quarter, Ebitda rose by 18% year-on-year to AED868 million, while net profit increased by 45% year-on-year to AED767 million. With the ...

  HANOI / WAM Vietnam needs 147 trillion VND (over $5.91 billion) to upgrade seaports over the next two years, with an amount of 251 trillion VND by 2030. The figures were announced at a conference hosted by the Ministry of Transport (MoT). In his keynote speech, Deputy Minister of Transport Nguyen Xuan Sang said that after 20 years of ...