South Korean defense firm LIG Nex1 gets $3.2 billion contract for missile system
In a major boost to South Korea’s defense exports, LIG Nex1 has secured a lucrative $3.2 billion deal with Saudi Arabia for the sale of [more…]
Author: A.R.
Taiwan Semiconductor Manufacturing Co (TSMC) is expanding its operations in Japan and is also planning to establish a plant in Germany
Taiwan Semiconductor Manufacturing Co (TSMC) is bolstering its presence in Japan with plans to construct a second chip fabrication plant, marking a significant win for [more…]
Stocks rally in Hong Kong and mainland China amid market intervention and regulatory measures
Stocks in Hong Kong and mainland China soared on Tuesday, with Hong Kong’s Hang Seng Index recording its biggest gain in six months and mainland [more…]
Reserve Bank of Australia holds interest rates
Australia’s central bank, the Reserve Bank of Australia (RBA), announced on Tuesday that it would maintain its benchmark interest rate at a 12-year high of [more…]
Philippines’ Magat hydroelectric power plant launches 24MW battery energy storage system
Aboitiz Power, a leading energy company in the Philippines, has announced the commercial operation of a 24MW battery energy storage system (BESS) at the Magat [more…]
Thailand and Sri Lanka sign Free Trade Agreement (FTA)
Thailand and Sri Lanka have inked a landmark Free Trade Agreement (FTA), signaling a pivotal step for Sri Lanka as it seeks to rebound from [more…]
UK services sector grows strongly, while France and Germany face challenges
In January, Britain’s services sector experienced robust expansion, marking its fastest growth in eight months, according to the S&P Global UK Services Purchasing Managers’ Index [more…]
Novo Holdings to acquire Catalent in $16.5 billion deal
Danish pharmaceutical giant Novo Nordisk’s parent company, Novo Holdings, announced on Monday its plans to acquire drug manufacturer Catalent in a $16.5 billion deal. This [more…]
India’s interim budget highlights shift to manufacturing and fiscal discipline
India’s Finance Minister Nirmala Sitharaman presented the interim budget, marking almost a decade of Prime Minister Narendra Modi’s government. Instead of focusing on freebies ahead [more…]
Appotronics ramps up production for smart EV market
Appotronics, a leading developer of laser display technology, is gearing up to expand its presence in the fast-growing intelligent electric vehicle (EV) market. The Shenzhen-based [more…]