In a significant development, the U.S. Department of Agriculture stated, it will be funding a $1 million research project to identify how COVID-19 could potentially enter the nation’s beef supply chain, starting from cattle in farms to packages of meat… Read More ›
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Chevron to writedown value of assets by $10-$11 billion during fourth quarter
In a significant development, Chevron Corp stated, it will be writing down the value of its assets by $10 billion to $11 billion this quarter; the U.S. oil major is also considering selling some of its natural gas projects as… Read More ›
Philippines’ San Miguel Corp set to win $145 billion new airport project
The new international airport, which will be built over a 50 year concession period, will cater to 100 million passengers per year. On Wednesday, as per a government official from Philippines, San Miguel Corp, a conglomerate is set to win… Read More ›
UAE’s Emaar Properties sign $11 billion airport implementation deal with Beijing Daxing International Airport
The value of the project includes the value of the 5 sq. km of land at the airport. On Monday, UAE state news agency WAM stated UAE’s Emaar Properties has signed an agreement with Beijing Daxing International Airport “to implement… Read More ›
Mitsubishi Heavy Industries to sink in $2 billion into its aircraft-making unit: NHK
Mitsubishi’s aircraft project is of strategic value to Japan since it marks is first attempt to make passenger jets since the 1960s. On Tuesday, Japanese news agency NHK reported, Mitsubishi Heavy Industries is likely to inject $2 billion (220 billion… Read More ›
Saudi Arabia’s PIF raises $11 billion in loans from banks
The development assumes significance because it essentially diversifies PIF’s sources of funds and it provides it with much needed financial muscles in its efforts to bring about Saudi Arabia’s Vision 2030 plan, which aims to diversify the Kingdom’s markets and… Read More ›
Myanmar scales back Kyauk Pyu deepwater port fearing debt trap
Myanmar seems to have learned the lessons of China-back projects in Sri Lanka and Pakistan. Avoids walking into a debt trap. According to a top government official from Myanmar, the government is scaling back plans for a port project funded… Read More ›
Malaysia to sink in $697.9 million towards completing its TRX City project
The move is aimed at easing concerns of local and foreign investors regarding the completion of the TRX City – an integrated financial district. On Thursday, in a strategic move aimed at allaying concerns of foreign and domestic investors vis-a-vis… Read More ›
China’s Belt and Road initiative cannot be a one way road
Despite Beijing’s sweet coated words on its strategic Belt and Road project which will transport precious fuel and resources to its hungry industries, the project, key to Xi’s legacy, is viewed with suspicion by many countries across the globe, including… Read More ›