The Cabinet has approved a plan to reform the State Railway of Thailand, worth 13 billion baht, along with a preliminary study on a joint high-speed train project between Thailand, Laos, and China. The Cabinet has approved the ceiling value of the reform plan for the State Railway of Thailand, which is worth 400 million U.S. dollars or 13 billion baht.
China has worked out a plan to prop up consolidation of companies in some important fields, including automobile, rare earth and machineries, the government said on Monday. The State Council's official website, www.gov.cn, said in a statement that the government will encourage merges and acquisition in the automobile, cement, steel, machinery, rare earth and aluminum industries. The government will remove rules that restrict cross-regional mergers and acquisitions, according to the statem ...
(ChinaPost.com.tw) - Despite lingering pessimism in the United States economy, some American investors have shown unabated interest in investing in Chinese companies listed on U.S. stock markets.
&$ &$ Shenzhen Airlines Sunday denied safety concerns were behind the adjustment of some of its regional flights, blaming the shift instead on seasonality. "We do have some small changes on regional flights, but it is due to the end of summer," said Li Yinghui, spokesman of Shenzhen Airlines, adding weather is also one reason for some suspension. ...
Thai Prime Minister Abhisit Vejjajiva is arriving in China this afternoon, having left Bangkok Saturday morning to attend Thailand’s national day this weekend at the “World Exposition 2010″ in Shanghai, China and to officially offer to host the 2020 World Exposition in ten years. As the expo organizers this year scheduled September 5 as Thailand’s Thailand Business News
Indonesian Trade Ministry expected non-oil-and-gas export would rise by 16 percent to 18 percent to 113 billion U.S. dollars to 115 billion U.S. dollars, Trade Minister Mari Elka Pangestu was quoted by local media as saying here Saturday. Previously, the ministry targeted 7 percent to 8.5 percent of rise this year. Trade Minister Mari Elka Pangestu was quoted by the Jakarta globe as saying the new estimate was based on the realization that monthly non-oil-and-gas sector exports were avera ...
China's Ministry of Finance plans to issue up to 8 billion yuan ($1.18 billion) in government bonds in Hong Kong as early as this month, a local newspaper reported Thursday. The ministry was also considering listing the bonds on the Hong Kong exchange, which would make it the first yuan-denominated bond to be listed in the city, the Apple Daily reported Thursday quoting market sources. &$ &$Source: Global Times &$ &$ ...
Tibet's Insurance Regulatory Commission was inaugurated in Lhasa Saturday amid rapid development of the insurance industry in the southwestern Chinese plateau region. The commission, as the Tibetan arm of China Insurance Regulatory Commission (CIRC), would play an important role in maintaining financial stability and promoting economic growth in Tibet, said Wei Yingning, vice chairman of CIRC. Wei was in Lhasa for the inauguration. The new body will map out plans for the insurance indu ...
Chinese steel producer Rizhao Steel Holding Group Co., Ltd. said recently that it would sue Mount Gibson Iron, Ltd. to seek a "fair and reasonable" solution for the 114 million U.S. dollars in fines it faces. Rizhao Steel was fined 114 million U.S. dollars by an arbitrator in Australia for the breach of a 15-year supply contract it reached with Australian iron ore company Mount Gibson Iron, Ltd. in July 2007. According to the rules of international commercial arbitration, only when the par ...
