investment
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Kazakhstan-Uzbekistan roadmap for 37 investment projects, trade contracts signed
ASTANA: Uzbekistan and Kazakhstan have agreed on a roadmap for the implementation of investment agreements and trade contracts signed during the visit of the Kazakh President Kassym-Jomart Tokayev to Uzbekistan on December 2122. The agreements were signed by Deputy Prime Minister and Minister of Trade and Integration of Kazakhstan Serik…
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South Asia
Chinese firm to invest $20m in taxi, cargo services in Pakistan
By Nasir Aijaz AsiaN Correspondent Islamabad: A Chinese firm is working on comprehensive business plan to provide five important services in Pakistan, initially investing $20 million, with prospects of $600m in the future. Chinese company Time-saco intends to provide a rapid services platform to citizens by launching five…
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East Asia
China’s efforts to increase R&D investment pay off
China’s increasing investment in R&D is paying off as the country spares no effort to implement its innovation-driven development strategy. Zhongguancun Science Park, the first hi-tech industry pilot zone in China, achieved outstanding performance in the first quarter of this year. High-tech firms above designated level based in the zone…
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East Asia
S. Korea to invest 3 tln won in biotech sector this year
South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and ICT…
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East Asia
China vows to invest $45 million in Potala ancient literature protection
China pledges to invest 300 million yuan ($45 million) in the next 10 years to start its largest-scale protection and digitization project of ancient books in historical landmark Potala Palace，a World Heritage site in Southwest China’s Tibet Autonomous Region. The restoration work involves preventative protection, specific restoration measures, digital preservation…
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East Asia
China’s ODI exceeds $100 billion in first 11 months
Domestic investors made $104.48 billion of non-financial outbound direct investment (ODI) in 5,213 overseas enterprises in 157 countries and regions from January to November, according to the Ministry of Commerce (MOC). The ODI in the period remained flat with last year, an official from the Department of Outward Investment and…
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Central Asia
Invest Mongolia Calls for Regaining Investor Trust
During this year’s Invest Mongolia, which addressed the interests of investors in the state policies of the new Cabinet, foreign investors advised the Mongolian government to take measures to regain their trust in order to improve foreign investment in the country. From September 5 to 6, the forum’s attendees discussed…
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