The growing Chinese demand is boosting Australia’s food, health, tourism and education sectors. The economy transitions in dragon country from infrastructure investment to consumption-led growth is showing up all over Australia.
Sectors
Gobi Partners and Malaysia Venture Capital to invest in Southeast Asia tech start-ups
Gobi Partners along with Malaysia Venture Capital has created a $14.5 million investment pool to focus on tech start-ups in the Southeast Asian region.
Elon Musk Learned Hard Lesson in Energy Storage
Tesla launched Powerwall last year as a residential backup power supply. However, as the market is not enthusiastic, the company quietly remove one of its product.
Ineos Plans to Relocate HQ to England this 2016
After moving its headquarter for six years in Swiss, the petrochemical giant sets to return home. Founder and CEO Jim Ratcliffe planned to relocate its headquarter back to England.
Ubisoft Managing Director Noticed Trust Established by Filipinos in Ubisoft Singapore, Expands Studios to the Philippines
Game developer Ubisoft is expanding its business to the Philippines and will be named Ubisoft Philippines. It will be headquartered in Sta. Rosa, Laguna which is a great geographical site. One reason for the move is the trust established by Filipino employees led by manager Chip Go that was being noticed by Ubisoft Managing Director Oliver de Rotalier.
Latest News
In the wake of Brussels attack, more European countries are considering making new policies that would legally require tech companies to hand over encrypted information when needed. That will affect tech companies around the world as Apple is pushing forward to fight back in the U.S. as well as in Europe.
Royal Dutch Shell is reportedly seeking buyers for its North Sea assets following the merger with BG. The oil company intends to raise $30 billion from the sale of its global assets in order to balance the BG merger expenses.
Qatari media network Al Jazeera is announcing its plan to cut 50 jobs as a part of an optimization initiative. As a partly state-funded company, Al Jazeera is impacted by the slump in oil prices, which is the country’s main sector.
Retired U.S. Army General David Petraeus intervened on Brexit issue. He compelled voters to choose to stay in European Union for the sake of security and war on terror.
Nordic Business Council Philippines (NBCP) issued its 2016 annual report on Philippine and challenges in the trade and investment sectors. Meanwhile the Central Bank expected a strong growth in the economy.
It's a record for Shanghai Disneyland as its June 16 opening day tickets became sold out after a few hours of selling. Discounts await children, seniors and guests with disabilities including those who will purchase for a two-day event.
Investments in renewable energy soared high with China and India leading the emerging markets in their commitments in the wind and other related renewable sources. India, China and Brazil outstripped developed nations in 2015 renewable investments.
Indian Rupee sovereign bonds are favorite among some global funds. India's high performing debt fund managers are predicting further gains from sovereign bonds as benchmark notes heading towards their best March returns in 13 years.
Chancellor of Exchequer George Osborne in his latest budget has set a £100 million ($141 million) budget for research and development of autonomos vehicle. Driverless cars will be tested on the road next year.
