As the company faces an investigation on corruption under the previous leadership, the new management of PetroChina is seeking to distance itself from the legacy of its former chairman.
Tags: Capital spending
PLDT to Maintain Capital Spending at Record Level to prepare for Telstra entry
Philippine Long Distance Telephone Co. will allocate another record level 43 billion pesos ($915 million) in capital spending this year to defeat domestic competition and prepare for the possible entry of Telstra Corp. to the Philippines.
Japan's wary manufacturers resist Abe's urge to splurge
Hirotoshi Ogura, a self-described “factory geek”, is Daikin Industries' (6367.T) master of doing more with less – and part of the reason Japan’s recovery remains stuck in the slow lane.
U.S. CEOs modestly more upbeat on economy, spending: survey
U.S. chief executive officers are modestly more upbeat about the economy and almost half plan to increase capital spending over the next six months, a quarterly business group survey said on Tuesday.
Rio Tinto to cut capital spending in half by 2015
As the second-biggest mining company in the world, Rio Tinto Group, struggles against the drop in mineral prices, the company resolved to reduce its capital spending to around USD8 billion in 2015.
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Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
Capital spending for Japan slides off to a 5.2% rate in this year's first quarter making Abe face challenges of restoring pledged private investment.
According to MTN CEO,the company is expanding from Africa to Asia and the Middle East. The largest African mobile operator, MTN Group Ltd, is expected to spend as much as US $8 billion on acquisitions in order to increase its spending in networks that limited its earnings.
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