Nestle has opened a new LKR500m ($3.4m) UHT milk plant in its Kurunegala factory in Sri Lanka to boost its production capacity. The new investment is said to help Nestle in expanding the production capacity for its dairy based products. ...
Tags: Nestle, UHT Milk Plant
China's foreign exchange reserves shrank for a fourth straight month in October, the central bank said Monday. The world's largest currency hoard fell to 3.12 trillion U.S. dollars last month, down 45.7 billion dollars from September, ...
Tags: Forex Reserves, foreign exchange
Passenger car sales in China, the world's biggest auto market, will grow nearly 13 percent this year from a year earlier, data from an industry association showed Tuesday. Judging from this year's sales trend, sales of passenger and ...
Tags: Passenger Car, Auto Market
China Electronics Fair (CEF) is the largest and most comprehensive exhibition of electronics and information industry in China. With its debut in 1964, CEF has grown up with China’s fast-growing economy and witnessed the transition ...
Tags: Footprints
China plans to launch its first e-commerce satellite in 2017, with the primary purpose of using satellite data in agriculture. The plan was announced on Monday during an international aviation and aerospace forum in Zhuhai, Guangdong ...
Tags: Satellite, E-Commerce Satellite
The transition of China's economy will become an important driver of world economic growth, according to Chi Fulin, director of the China Institute for Reform and Development. Addressing the China reform forum that opened on Saturday, Chi ...
Tags: Economy, China's Economy
Amerplast has launched new AmerGreen brand, as part of its effort to provide better services for the flexible packaging industry. AmerGreen features three components, including an advanced flexible packaging system that expands the shelf ...
Tags: Amerplast, Flexible Packaging
POS Bio-Sciences has partnered with Apeiron Lanka to set up a manufacturing facility in Sri Lanka to extract pure essential oils. The new facility will process raw materials from Sri Lankan farmers, employing the local people. Apeiron ...
Tags: Essential Oil, POS Bio-Sciences
Nissan Motor has acquired a 34% equity stake in Mitsubishi Motors (MMC) and became its largest shareholder. MMC will also become part of the global Alliance with Nissan and Renault. With the addition of MMC, the Alliance will be in the ...
Tags: Mitsubishi Motors, Nissan
Nissan has unveiled US pricing for the new 2017 Rogue crossover, which is on sale now at the company's dealers nationwide. Pricing starts at $23,820 for the Rogue S front-wheel drive model. The Nissan Rogue has been updated for the 2017 ...
Tags: Rogue lineup, Nissan
US-based cereal maker Kellogg has entered into an agreement to acquire Ritmo Investimentos, a controlling shareholder of Brazilian food group Parati Group. The purchase price of the acquisition is about $429m and it will be an all-cash ...
Tags: Kellogg, emerging markets
A Taiwan think tank Chung-Hua Institution for Economic Research (CIER) raised its forecast for Taiwan's annual economic growth for 2016 to reflect improvement of demand inside the island. The island's gross domestic product (GDP) is ...
Tags: Taiwan's Economy, CIER
Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
Consumption is the major economic driver, showing the nation's success in rebalancing the economy, but more efforts are needed to sustain growth, with heightened pressure in sectors with overcapacity, economists said. "China is on the ...
Tags: Consumption, economic driver
The property sector saw a year-on-year growth of 8.8 percent in the third quarter of this year, according to official data released on Thursday. The National Bureau of Statistics (NBS) released the GDP figures of different industries on ...
Tags: Property Sector