August, 2016

• 18 August

  Sprint owner holds out hope for T-Mobile dealapp

  

    Bloomberg SoftBank Group Corp.’s Masayoshi Son has a 300-year plan, so if combining Sprint Corp. and T-Mobile US Inc. takes a few years longer than he hoped, that’s OK. Son, who became one of the world’s wealthiest men by turning Tokyo-based SoftBank into a telecommunications and technology powerhouse, still would like to merge the U.S. wireless providers, according to ...

  Read More »
• 18 August

  Philippines economy beats forecasts

  

    Manila / Bloomberg The Philippines economy grew faster than economists predicted last quarter, giving a boost to new President Rodrigo Duterte as he seeks to attract more investment and speed up infrastructure spending. Gross domestic product increased 7 percent in the three months through June from a year earlier, the fastest pace since the same period in 2013, the ...

  Read More »
• 18 August

  India soybean crop rebounds from decade low on monsoon boost

    Tokyo / AFP India’s soybean output may rebound from an 11-year low as ample rain and sunshine boosts crop development, according to the Soybean Processors Association of India. Production may top the 6.93 million metric tons harvested in 2015-16 if current favorable weather continues next month, Chairman Davish Jain said by phone from Indore. That was the smallest crop ...

  Read More »
• 18 August

  Indonesia palm exports at three-month high

  

    Jakarta / Bloomberg Palm oil shipments from Indonesia, the world’s largest grower, probably rose to the highest level in three months in July after buyers from China to India boosted purchases. Exports of palm and kernel oils climbed 6.7 percent to 1.9 million metric tons, according to the median of seven estimates from analysts and plantation executives compiled by ...

  Read More »
• 18 August

  China creates new economy gauges of innovation

  

    Beijing / Bloomberg China is adding new instruments to its economic dashboard that will incorporate big data to help better track innovation and entrepreneurship in the new economy. Three indicators tracking innovation, entrepreneurship and the new economy are rolling out this year to gauge output in those fast-moving, category-bending and hard-to-measure sectors. All three will be distilled partly from ...

  Read More »
• 18 August

  Sipping traditional brews the modern way

  

    AFP Cheap instant “bubble tea” has become one of Taiwan’s best-known culinary exports — now a new wave of entrepreneurs hopes a high-end modern take on traditional brews will also be sipped worldwide. Taiwan has been producing tea for more than 200 years and a cup of the island’s famous oolong is obligatory for many visitors, but exports have ...

  Read More »
• 18 August

  The healthy way to skincare

  

    Emirates Business Sensai — the pioneer of ‘super prestige’ skincare — continues to impress with its fascinating range of skincare products that have shown proven results of protecting the skin from natural and chemical elements. The ‘cellular performance day cream’ takes center stage being the star product of the year with a 100% customer satisfaction. Sensai’s cellular performance day ...

  Read More »
• 17 August

  AED66m Saja road opened

    SHARJAH / WAM The Sharjah Road and Transport Authority opened a road network at Al Saja Industrial Area as part of the emirate’s plans to build a modern, integrated network of roads and provide a fully-serviced investment infrastructure. The authority has invested AED66 million on this project. Sulieman Al Hajeri, Director of Roads at the Authority, said that roads ...

  Read More »
• 17 August

  DEWA holds training for students of Carbon Ambassadors Programme

  

    Dubai / WAM The Dubai Electricity and Water Authority (DEWA) organised the third batch of training sessions for 75 students of the Carbon Ambassadors Programme, the next generation of leaders and experts, who will implement ambitious national strategies and plans as well as contribute to innovating new initiatives and programmes, as part of the Dubai Clean Energy Strategy 2050. Conducted ...

  Read More »
• 17 August

  Waha Capital secures new US$500 million revolving credit facility

  

    Abu Dhabi / WAM Waha Capital has completed the refinancing of its credit facilities with 12 local, regional and international banks. The new and upsized financing is a 5-year US$ 500 million revolving credit facility. This replaces the previous US$ 375 million revolving credit facility secured in 2014. The facility was positively received and achieved a significant oversubscription. It was ...

  Read More »