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  • China Data Boosts Recovery Hopes As Leaders Gather To Discuss Reforms

    CHINA, 2013/11/12 China's recovery has gathered pace with solid expansion in industrial production and exports, official data revealed last week, offsetting concerns that the ongoing economic restructuring could further suppress increase. The data brings in some cheer to the party leaders, who have gathered in Beijing to hash out fresh round of reforms for the economy. The third plenum conference of the 18th Communist Party of China, or CPC, kicked off in the capital on Saturday. The National Bureau of Statistics said Saturday that China's industrial production grew 10.3 % year-on-year in October, slightly faster than a 10.2 % increase in September. Output was up 9.7 % in the initial ten months of the year.

  • SME Corp Malaysia says 25% of the local SMEs will have global market business

    MALAYSIA, 2013/10/13 SME Corp Malaysia says 25 % of the local small and medium enterprises (SMEs) will have world market business networking by 2020, its Chief Executive Officer Datuk Hafsah Hashim said Saturday. To date, 19 % of the local companies have established networking in foreign markets, with food and beverages segment making up the majority market, she said. With the government's decision to establish the Malaysian World Innovation and Creative Centre (MaGIC), Hafsah said: "We can increase local entrepreneurs' opportunities to due penetrate the world market.

  • Slovakia to supply mostly foreign car manufacturers in the region.

    INDIA, 2013/10/12 The world's major steel maker ArcelorMittal said on Friday it had expanded its welding plant in Slovakia to supply mostly foreign car manufacturers in the region. The announcement highlights the importance of the auto sector to several economies in the region, inclunding to several leading auto groups in Europe and Asia. "Eastern Europe is still a increase area for us," Robrecht Himpe, CEO of ArcelorMittal's Flat Carbon Europe unit told AFP. "ArcelorMittal has invested 10 million euros ($13.6 million) in a third production facility at our site in Senica, western Slovakia, to better serve our automotive clients who have moved production to eastern Europe," the company said in a press release.

  • India's Industrial Output Growth Slows More Than Forecast

    INDIA, 2013/10/12 India's industrial production increase slowed additional than expected in August due to the weakness in manufacturing and mining sectors, a statement published by the Central Statistics Office revealed Friday. Industrial output rose only 0.6 % in August from a year ago, next expanding by a revised 2.8 % in the prior month. Output increase was estimate to slow to 2.1 % from July's originally estimated increase of 2.6 %. Manufacturing and mining production declined 0.1 % and 0.2 %, respectively. Meanwhile, electricity output surged 7.2 % from last year.

  • Japan Industrial Output +3.2% In July

    JAPAN, 2013/08/30 industrial production in Japan was up a seasonally adjusted 3.2 % in July compared to the previous month, the Ministry of Economy, Trade and Industry said on Friday. That missed forecasts for an increase of 3.6 % following the 3.1 % contraction in June. On a yearly basis, industrial production added 1.6 % - as well missing expectations for a gain of 1.8 % following the 4.6 % fall in the previous month.

  • India and China re-launches Angola’s diamond industry

    CHINA, 2013/08/15 Angola’s diamond industry is recovery from a long recession due to “strong request” from China and India, according to the Economist Intelligence Unit. “Diamonds will continue to be the second major source of exports, although on a small scale compared with oil exports,” said the EIU in its July statement in Angola. Diamond exports of around 8 million carats per year are expected to increase in the next two years, “as new mines explored by South Africa’s De Beers and Russia’s Alrosa start production,” it said.

  • Taiwan Semiconductor Manufacturing Co. (TSMC),

    TAIWAN AREA, 2013/08/11 Taiwan Semiconductor Manufacturing Co. (TSMC), the world's major arrangement chip-maker, said Friday that its consolidated sales for July fell from June, with market analysts attributing the decline to inventory adjustments by one of its major clients — U.S.-based Qualcomm Inc. However, rival United Microelectronics Corp. (UMC) said its July consolidated sales grew to the highest level so far this year, while analysts said request from Taiwan's MediaTek Inc., one of UMC's major buyers, remained solid. They said the mixed sales reports released by the top two foundry operators in Taiwan largely reflected the difference in their client portfolios.

  • China's Industrial Profit Growth Slows

    CHINA, 2013/07/27 Increase in China's industrial profits eased in June mainly due to a slower increase in business revenue, data from the National Bureau of Statistics showed Saturday. Combined industrial profits advanced 6.3 % from the previous year to CNY 502.4 billion, much slower than the 15.5 % rise in May. During the initial six months of the year, profits were up 11.1 % compared to 12.3 % rise during January to May period.

  • The Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

    BANGLADESH, 2013/06/24  The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has shut production at 12 risky buildings in and around Dhaka, in its initial move to tighten compliance in the apparel sector next the fatal Rana Plaza collapse on April 24. Owners of the garment factories in those buildings have been forced to shift their production units from there, said Shahidullah Azim, vice president of BGMEA. The trade body formed two panels on May 2 to check safety standards at the factories of its members. Supervised by these committees, four inspection teams have visited 110 factories.

  • Taiwan Textile Research Institute (TTRI)

    TAIWAN AREA, 2013/06/24 Eyeing the world health care market, Taiwan Textile Research Institute (TTRI) spinoff Litnertex Co. recently launched a new wearable belt of biocompatible function fabric electrodes inclunding lines of smart clothing. In the 22nd International Optoelectronics Expositions (OPTO Taiwan 2013) on Thursday, TTRI and Litnertex showcased novelty products made with fabric optoelectronic technology that offer health care applications, inclunding supercapacitor modules and heartbeat-monitoring clothing.
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