NNA Asia top stories Tuesday, Feb. 19

19, Feb. 2019

TOKYO, NNA – The following are the top stories from NNA Asia for Tuesday, Feb 19.

China to develop Guangdong-Hong Kong-Macao Greater Bay Area as international innovation and technology hub

China Jan new vehicle sales fall faster at 15.8% y/y after 13.0% drop in Dec, down for 7th straight month

Tokyo Keiso building flowmeter plant at Taiwan's Yilan Science Park for 2020 start to replace obsolete facilities; plans to more than double output by 2025

Japan's AGC opens 210,000-ton annual output float glass factory in Indonesia, raising local output capacity by 40% to annual 720,000 tons

LG Electronics ramps up air conditioner output in Thailand for North American exports, partly shifting from China: press report

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Despite the pandemic, Capella Bangkok hotel opened its doors in 2020 and offered staycation packages to residents in Thailand. Facing the Chao Phraya river, the luxury hotel of suites and villas with a pool, offers curated experiences from heritage food tour of the local area of Charoenkrung Road to visits to long-thriving communities by bicycle and boat apart from luxury offerings of limousine transfer and champagne in package deals. (Photo courtesy of Capella Bangkok)
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India's $24 bil. divestment plan which offers investment galore runs into opposition

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Investments in Taiwan hits decade high, reshoring boosts GDP even as firms expand in SE Asia

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Singapore's high-rise residential buildings are seen beyond the fringe of Tanjong Pagar area in the financial district. Investments for the region are often funneled through Singapore, the financial capital of Southeast Asia. (NNA)
Trade agreements could help SE Asia attract big foreign investment again, lead recovery

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India's Finance Minister Nirmala Sitharaman delivering her budget statement to parliament on Feb. 1, 2021. India will boost healthcare spending by 135 percent and lift caps on foreigners investing in its huge insurance market. (Photo courtesy of PTI)
India ramps up public spending, but views divided over amount for recovery

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On Feb. 3, 2021, Chan Chun Sing, Singapore's Minister for Trade and Industry (3rd from left), launched the SMA alliance to promote a network of industrial parks to manufacturers interested in investing in Singapore and the region. Joining the minister at the launch were, from left, Kelvin Teo, Sembcorp Development CEO; Png Cheong Boon, CEO of Enterprise Singapore; Manohar Khiatani, senior executive director of CapitaLand Group and chairman of Nusajaya Tech Park; Beh Swan Gin, chairman of Singapore Economic Development Board; Eugene Park, executive director and CEO of Gallant Venture. (Photo by Singapore Economic Development Board)
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A street food stall in Bangkok offers affordably priced delights. The government has also been giving monetary aids to Thais whose livelihoods are hit by the economic crisis brought about by the pandemic.(NNA)
Thailand allocating $7 billion more for consumer spending, help businesses

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Commodities Intelligence Centre (CIC), a B2B e-trade platform for physical commodities, too part in the World LNG & Gas Series Asia Pacific Summit in 2019. The platform plans to develop winning commodities from member-countries of RCEP trade bloc and promote digital trading across the Asia Pacific and beyond. (Photo courtesy of CIC)
Over $13 billion worth of commodities traded on CIC, to grow winning products with RCEP

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Image by 41330 from Pixabay
Thailand rebates fuel retail spending, may inject 110 billion baht into economy

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Singapore's Changi Business Park, which houses global banking, tech and logistics companies employing international talent, is a thriving hub that boosts the country's position as a regional center for the digital economy. Photo by Celine Chen.
Digital collaborations, RCEP free trade to help power ASEAN economy beyond pandemic

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Firms from the United States were the most active foreign investors in India. The size of their acquisitions doubled to $16.6 billion from a year ago. (Photo Courtesy of Pixabay)
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