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Japanese trader Mitsubishi wins 69 bil. yen train deal from Myanmar
BANGKOK, NNA - Major Japanese trader Mitsubishi Corp. has received an order for 246 railway cars from state-run Myanma Railways for the Yangon circular and Yangon-Mandalay railway projects. Mitsubishi on Tuesday announced the deal totaling about 69 billion yen ($661 million), which will be covered by a yen loan accord between the two countries. The Japanese trader said 66 railway cars will be delivered for the Yangon circular railway project and another 180 railway cars for the Yangon-Mandalay railway project from 2023 to 2025. The cars will be built by leading Spanish train maker Construccion...
NNA Business News
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Facebook to prohibit ads that discourage vaccines
Facebook has also said it will start prohibiting Ads that discourage vaccines and will also remove false claims about COVID-19 vaccines. By Nabeela Khan The company was also strengthening its harmful content to combat the rising tide of health-related mis-and disinformation. “The new policy could include false claims about the safety, efficacy, ingredients or side effects of the vaccines,” reads the Facebook statement. For example, Facebook will remove false claims that COVID-19 vaccines contain microchips, or anything else that isn’t on the official vaccine ingredient list. Facebook said that...
Health Analytics
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Singapore sets higher financing standards to mend damaged reputation as commodity trading hub
By Celine ChenSingapore banks have collectively rushed out the industry’s first set of commodity financing best practices to help fix its dented reputation as a trusted trading hub following recent uncovering of financing fraud cases involving billions of dollars.Serving as a broad guidance, the code of best practices was launched on Monday (Nov. 30) by the Association of Banks in Singapore (ABS), together with the support of the Monetary Authority of Singapore (MAS), Enterprise Singapore (ESG) and the Accounting and Corporate Regulatory Authority (ACRA).The code lays out key principles govern...
NNA Business News
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Thailand rebates fuel retail spending, may inject 110 billion baht into economy
By Valaiporn ChalermlapvoraboonBANGKOK, NNA - It sounds too good to be true, but it is true.Like many countries which have rolled out stimulus aid to support the livelihoods of people and businesses disrupted by the coronavirus pandemic, the government in the kingdom of Thailand is giving 15 million citizens aged 18 or older a 3,000 baht ($98.9) subsidy to cover half of their spending at eligible stores to help bolster retail sales.Called the Khon La Krueng scheme, the subsidy allows daily cap of up to 150 baht per person to promote responsible spending.Separately, shoppers can claim up to a t...
NNA Business News
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Osotspa sold 99 million bottles of Vitamin C drink during Thailand's Covid battle
By Valaiporn ChalermlapvoraboonBANGKOK, NNA - For many, many years, flavorful. fizzy soft drinks as well as alcohol dominated Thailand’s beverage market.But when the coronavirus pandemic, which started in China in late 2019, spread to the region and entered Thailand in March, soft drinks containing Vitamin C also became very popular alongside healthy foods, supplements and local herbs as people leaned towards a healthier lifestyle to boost their immune system.One brand, C-Vitt, sold 99 million bottles in the first half of the year, but mostly from March to June when Thailand was placed under a...
NNA Business News
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Philippines plans to export more okra to Japan
MANILA, NNA – Hundreds of farmers in the Central Luzon region were able to ship tons newly harvested okra to Japan last week as restrictions gradually eased from more severe lockdowns that had affected supply chains.Two tons of the lucrative vegetable, also known as lady's finger, were reaped from farms in 14 villages of Tarlac province, north of capital Metro Manila with safety protocols put in place, according to the Philippine department of agriculture.About 300 cooperative farmers were involved in the cultivation, with Jelfarm Fresh Produce Enterprise leading the exports to Japan.As one of...
NNA Business News
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India pushes for electric cooking to reduce gas import bill
NEW DELHI, NNA- India plans to embark on a nation-wide adoption of electric cooking to reduce its huge gas import bill.A 'Power Foundation' is being set up to drive the switch from the more expensive and cumbersome cylinders of liquified gas to cheaper, cleaner and convenient electricity for cooking in the country. Several cities have been relying on piped gas too.Announcing plan for the big electricity push on Sunday, power minister R.K. Singh said the change will benefit the poor as well as the country under its clean energy and self-reliant policies to take the country to the next stage of ...
NNA Business News