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  Bloomberg Daewoo Shipbuilding & Marine Engineering Co. could receive another lifeline from lenders as the world’s biggest shipbuilder needs cash to complete work on pending orders to stay afloat. Korea Development Bank and Export-Import Bank of Korea will provide 2.9 trillion won ($2.6 billion) in additional loans and swap about 1.6 trillion won of debt to equity, Korea Development ...

  Bloomberg It may be one of the smallest economies in Asia, but Vietnam is among those leading the infrastructure race. Vietnam’s public and private sector infrastructure investment averaged 5.7 percent of gross domestic product in recent years, the highest in Southeast Asia and compares with 6.8 percent in China, according to the Asian Development Bank. Indonesia and the Philippines ...

  Bloomberg Bosses of Britain’s public companies rarely look forward to facing off with their shareholders, but the run-up to this year’s annual general meeting season is provoking a particularly strong sense of anxiety. Executive pay is high on the political agenda, with the government wrapping up a consultation exercise on the issue just last month and Prime Minister Theresa ...

  Bloomberg The proportion of Californians making electric cars their new set of wheels has stayed flat for years even though incentives make some models basically free to lease, a trade group told state regulators that may toughen up already-stringent rules. With state rebates, federal tax credits and manufacturer discounts, the effective monthly payments in California for zero-emission vehicles including ...

  Sharjah / WAM The Sixth International Government Communication Forum (IGCF 2017) was officially inaugurated on Wednesday with keynote speeches from HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Sharjah Media Council, and Ali Ahmadov, Deputy Prime Minister of Azerbaijan. Emphasising the role of education and ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Wednesday chaired a Cabinet meeting and launched ‘UAE Centennial 2071’, a long-term government plan based on the recent and crucial keynote lecture given by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy ...

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) recently kicked off its new ‘Learning by Doing’ series of training sessions designed to develop companies’ e-commerce skills and enhance their understanding of the benefits associated with trading on global business-to-business platform Alibaba.com. The first session, held recently at the Chamber’s premises, was attended by 12 local ...

  Abu Dhabi / Emirates Businesss His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, attended the launch of a new initiative by Lulu hypermarkets to promote the locally grown organic farm produce through their stores across the UAE. The initiative was inaugurated at Lulu Hypermarket in Mushrif Mall, Abu Dhabi, in the presence of ...

  Bloomberg The chief negotiator of a 16-nation Asia trade pact expressed hope that talks can be concluded this year if member nations refrain from introducing elements of a separate deal derailed by US President Donald Trump. Iman Pambagyo, trade negotiating committee chief for the Regional Comprehensive Economic Partnership, said that governments had the political will to conclude the deal ...

  Bloomberg Japan’s exports rose the most in two years in February, after a lull in January that was due to the Lunar New Year celebrations in Asian trading partners. Exports rose 11.3 percent from a year earlier (median estimate 10.1 percent), according to government data. Imports increased 1.2 percent (estimate 1.3 percent). The trade surplus for February was 813.4 ...