Day: January 5, 2023

Jan 05

Global Elevator & Escalator Market is expected to elevate further at a CAGR of 6.11% during 2022-2027

Technology trends like artificial intelligence, intuitive elevator technology, Internet of Things and connectivity with 5G technology are expected to drive future market growth. Clifton, New Jersey, Jan. 03, 2023 (GLOBE NEWSWIRE) — Growth drivers for the global escalator and elevator market are the rising number of skyscrapers in major cities. These new premises demand multiple installations of elevators, whether residential or commercial. With the technological advancements made, smart elevators are also transforming into reducing energy consumption. The aging population residing Read Full Details…

Jan 05

Marcos secures $2-B fruit export deal with China

MANILA – President Ferdinand R. Marcos Jr. on Thursday increased fruit export opportunities for the Philippines by securing a USD2 billion deal with China to step up imports of high-value Philippine agricultural products. Marcos highlighted the country’s agriculture sector’s vast economic potential, which is seen “at the forefront” of the post-pandemic economic recovery strategy. The Philippine Department of Agriculture (DA) and China General Administration of Customs signed an agreement for the protocol of phytosanitary requirements for the export of fresh Read Full Details…

Jan 05

Oil falls again after last session’s tumble as economic worries grow

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy. Brent futures for March delivery fell 13 cents to $81.97 a barrel, a 0.1 per cent loss, by 0511 GMT. US crude dropped 28 cents, or 0.3 per cent, to $76.65 per barrel. Both benchmarks plunged more than 4 per cent on Tuesday, with Brent suffering its biggest one-day loss in more than three Read Full Details…

Jan 05

China-Philippines Ties: 14 Bilateral Deals Signed During Marcos’ Visit

The President of the Philippines Ferdinand Marcos Jr landed in Beijing on Tuesday, January 3 for a three-day state visit to China. This is President Marcos’ first visit to China since taking office last year. During his visit, President Marcos will meet with President Xi Jinping, as well as Premier Li Keqiang and Chairman Li Zhanshu of the Standing Committee of the National People’s Congress (NPC). In a regular press briefing, the spokesperson for China’s Foreign Ministry Wang Wenbin stated Read Full Details…

Jan 05

NBR to purchase 6 more container scanners

The National Board of Revenue (NBR) is finally going to purchase six container scanners worth Tk 327 crore from a Chinse company which will boost examination of export and import consignments and curb duty evasion through false declarations. The NBR made scanning of all containers mandatory in 2009 to prevent import of goods through misdeclarations and smuggling of arms and ammunition. Taking into consideration the trade volume and time constraints, this has not been possible using the existing 10 scanners, Read Full Details…

Jan 05

10 New Laws Starting January 1 That May Affect Your Business in China

Multiple new laws and regulations that affect doing business in China came into force on January 1, 2023. Foreign investors and businesses engaging in food and beverage, import and export, new energy vehicles, sports, and financial activities should pay special attention. On January 1, 2023, many new laws and regulations that may affect your business and everyday life came into effect. In this article, we list 10 such laws, regulations, or national standards, and briefly explain why they matter. On Read Full Details…