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by Jerome Taylor and Su Xinqi Agence France-Presse HONG KONG, China (AFP) — The recent visit of a Russian megayacht to Hong Kong has sparked warnings from corruption investigators that the city could become a haven for oligarchs and officials hiding from Western sanctions. The Nord — a $500 million vessel linked to Russian billionaire Alexei Mordashov — spent a little over three weeks in the Chinese territory before leaving last Thursday. Mordashov is among […]
HONG KONG, China (AFP) – Online food delivery platform Uber Eats announced on Tuesday it will quit Hong Kong at the end of 2021, ending five years of a battle for a share of the competitive food delivery market. Uber announced the “difficult decision” in an online statement, which gave no reason for why it was winding down operations. The company said it would now redouble its commitment to its ride-sharing in Hong Kong, a […]
The 21 member economies of the Asia-Pacific Economic Cooperation (APEC) have been urged to provide diversified financial instruments that would suit the changing needs of micro, small, and medium enterprises (MSMEs) in the region. Chair of the APEC Business Advisory Council (ABAC), Doris Magsaysay-Ho, on Tuesday said broadening the range of financing instruments available to MSMEs is key to achieving financial inclusion and will help these enterprises expand their businesses. Ho, who is also the […]
MANILA – The European Union Delegation released its new EU-Philippines fact file, which describes and analyses economic trends in EU-Philippines relations with updated statistics of 2014. In 2014, EU – Philippines trade in goods increased to historic highs by 16% to €12.5 billion, while trade in services increased even stronger, by 17%, to €3.1 billion. This trade resulted in a surplus of €1.1 billion in goods for the EU and a surplus in services’ trade of […]
