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  • Kazakhstan ups steel output

    KAZAKHSTAN, 2015/01/16 Kazakhstan increased steel production by 14 % to 3.993 million metric tons in Jan.- Dec. 2014 compared to the same period of 2013, the Statistics Committee under Kazakh National Economy Ministry reported. The country increased ferroalloys production by 0.5 % to 1.715 million metric tones, flat rolled steel production - by 11.4 % to 2.537 million metric tones and galvanized steel production - by 2.6 % to 527,000 metric tones in the reporting period.

  • Copper smelting plant reopened in Kazakhstan

    KAZAKHSTAN, 2014/11/19 Kazakhstan re-launched copper smelting plant of Kazakhmys Smelting company in Karaganga region, the official web site of the regional authorities said. The plant's work was halted on September 1, 2013 in connection with the reconstruction. The plant targets to produce 3,000 metric tons of copper in November and about 9,000 metric tons of copper in December.

  • India Aug Industrial Production Growth Below Forecast

    INDIA, 2014/10/12 India's industrial production increase in August came in well below economists' expectations, figures from the Central Statistics Office showed Friday. Industrial production increased just 0.40 % from a year ago, which was much less than the 2.6 % increase expected by economists. July's production increase was revised down to 0.41 % from 0.50 %.

  • Industrial production in South Korea dipped

    SOUTH KOREA, 2014/03/28 Industrial production in South Korea dipped a seasonally adjusted 1.8 % on month in February, Statistics Korea said on Friday. That missed expectations for a decline of 0.8 % and was down sharply from the downwardly revised 0.1 % contraction in January (originally up 0.1 %). On a yearly basis, industrial production was up 4.3 % - beating forecasts for an increase of 3.6 % following the downwardly revised 4.3 % contraction in the previous month (originally down 3.8 %). The index of all industry production was down 1.2 % on month and up 1.7 % on year.

  • The Malaysian small and medium enterprise(SME) sector

    MALAYSIA, 2013/12/22 The Malaysian small and medium enterprise(SME) sector is expected to continue on a sustained increase path and expand further in 2014, supported by sustained domestic request, higher tourism activities and development in exports. A recent survey by SME Corp Malaysia showed that additional than 50 % of respondents expected better performance next year. "In addition, the government through the 2014 Budget has taken the necessary measures to ensure that the SMEs are not adversely affected by the ongoing policy reforms.

  • Malaysian automotive industry players

    MALAYSIA, 2013/12/22 Malaysian automotive industry players are looking forward on the outlook for the industry next year at the same time as the National Automotive Policy (NAP) will be unveiled in January 2014. The long-awaited policy is expected to focus on further initiatives for the the electric vehicles (EVs) in the Energy Efficient Vehicle (EEV) segment. Industry players have been hoping for government funding for the EVs following significant success in the hybrid car segment. "Unfortunately, there has been no automobile-related matters mentioned in the 2013 and 2014 Budgets tabled by Prime Minister Datuk Seri Najib Tun Razak.

  • Kyrgyz tourism has traditionally been a summertime

    KYRGYZSTAN, 2013/12/13 "Establishing a high-quality alpine skiing industry complex would mean building comfortable hotels and a network of roads in the mountains, which all cost additional than in the flatlands," said Mikhail Halitov, director of the NGO Mountain Cluster Association, an umbrella group of travel agencies specialising in alpine tourism. Kyrgyz tourism has traditionally been a summertime matter restricted to the Lake Issyk-Kul area, which accounts for additional than half of the country's annual tourism business, a recent study found. A lack of investment has kept the country from taking chance of its splendid mountainous landscape and other natural potential, specialists say.

  • Acer still remains one of the top five notebook PC vendor worldwide,

    TAIWAN AREA, 2013/11/15 Recent management reshuffling at some of Taiwan's major high-tech companies have shown that these firms have come to a critical moment. The new is an announcement by Taiwan Semiconductor Manufacturing Company (TSMC) — the world's major arrangement chipmaker — that it has appointed two co-CEOs. Its founder, Morris Chang, will leave the CEO post but remain as the wafer foundry's chairman. The TSMC changes come just days next Acer — one of the world's top-five notebook PC vendors — disclosed that J. T. Wang will step down as CEO. Wang will remain as chairman until next year to facilitate management transition, while Acer's founder Stan Shih reportedly will return to a additional active role in order to salvage the company, which incurred huge losses in the third quarter of 2013.

  • China signs deal to produce 10,000 vehicles per year in Algeria

    CHINA, 2013/11/13 Chinese national manufacturer FAW is to build an assembly plant in Algeria producing 10,000 vehicles per year under an agreement signed with private Algerian firm Arcofina, the company's CEO said. The transaction provides for an initial investment of five billion dinars ($61 million), Arcofina CEO Abdelouahab Rahim said at the signing of the agreement in Algiers on Saturday, adding that the figure will rise. To conform with Algerian law, Arcofina will own 51 % of the plant and FAW 49 %, with the aim of reducing the Chinese manufacturer's share to 40 % next three years, Rahim said. FAW is to build assembly plant in Algeria producing 10,000 vehicles per year under agreement signed with Algerian firm Arcofina.

  • Audi Plans to Enter Local Luxury Car Market

    CAMBODIA, 2013/11/12 German car brand Audi has announced it will enter Cambodia’s luxury market next year with a new showroom on Monivong Boulevard, the new in a host of major car companies to break into the country’s small but growing industry for new automobiles. The carmaker follows in the footsteps of fellow German company BMW, which opened a showroom in August, and Porsche, which plans to open a showroom in the coming months.
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