Singapore wants to double manufacturing in 15 years
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Singapore says it hopes to double manufacturing output in 15 years as regional competition heats up from lower-cost rivals such as fast-growing China and India.
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The European aerospace giant EADS hopes to achieve a double-digit operating margin by around 2015, a company spokesman said Thursday.
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Lakshmi Mittal, who is based in the UK, yesterday set his seal on the consolidation of the global steel industry with a $17.8bn (Â£10bn) double merger to create the world&#39;s largest producer.
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Top European semiconductor maker STMicroelectronics (ST) plans to invest an additional 1.2 billion US dollars over the next two years in Singapore.
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The first S$700 million ($457  million) phase of Singapore's massive underground oil storage  project will be completed in four years, a government minister  said on Thursday, two years later than initially planned.
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Singapore's economy should grow as much as 5 percent next year after expanding by 8.1 percent in 2004, Prime Minister Lee Hsien Loong said Friday in a New Year message.
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Taoiseach Bertie Ahern told a Beijing media conference he expects two-way trade between Ireland and China to double over the next three to five years.
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The Austrian corporate investment in Romania may double by 2007, the year when the latter is scheduled to join the EU.
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It will take 50 years or more for Southeast Asian nations to more closely resemble the European Union including the easing of border controls, according to Singapore's former prime minister Lee Kuan Yew.
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East Asia is so diverse that it would take a long time for the region to craft an economic community similar to that of the European Union, Singapore&#39;s founding father said Monday.
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The Nanjing Automobile Corporation, which bought the remaining MG assets two years ago, is about to restart production in China.
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(InfoWorld) - In the most significant easing of investment regulations for Taiwan's technology industry to date, the island's government will allow two chip makers to build factories in China and one more to invest in a Chinese rival, a high level official said Tuesday. Memory chip makers Powerchip Semiconductor and ProMOS Technologies will both be allowed to build chip factories in China, while Advanced Semiconductor EngineeringÂ (ASE) will receive approvalÂ for a plan toÂ buy a low-end chip assembly companyÂ based in Shanghai. ASE is the world's largest chip assembly company. "An official announcement will be made on Wednesday," said Joseph Wu, chairman of the Mainland Affairs Council, Taiwan's official governing body for China relations. A group of government agencies agreed to the easing Monday during a committee meeting. The final step in making the decision formal is for the Taiwan Investment Commission, which is in charge of vetting China-bound investment applications, to give its stamp of approval and publicly announce the new measures. The easing is seen as a major breakthrough for Taiwan and China. For China, it could reinvigorate a chip industry that has slowed over the past few years as major chip makers such as Semiconductor Manufacturing International Corp. (SMIC) posted a string of money-losing quarters. It also represents a token of goodwill by Taiwan to political enemy China. Taiwan and China remain enemies after splitting in 1949 amid civil war. The island fears China could use chip technology to bolster its military capabilities against Taiwan. Despite the strained relationship and tough investment rules, China remains by far the favored destination for Taiwanese investment due to their shared language and culture, and China's lower costs and huge potential market. The formal announcement expected Wednesday will likely fall short of hopes held by Taiwanese chip makers. Companies have been lobbying the government for years to allow them to transfer 0.18 micron chip production technology to China, but such an opening will have to wait, Wu said. Taiwan Semiconductor Manufacturing Co. (TSMC) has made a strong push on the 0.18 micron issue, in part because Chinese rivals such as SMIC are already using the technology, and are able to win over customers because of it. Taiwanese regulations currently only allow its chip makers to use 0.25 micron technology in China. ASE's board of directors approved a plan to last month to invest $60 million in Global Advanced Packaging Technology, a Shanghai company.
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Company will make components as well as devices in 2005.
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HONG KONG (Dow Jones)--China&#39;s Angang New Steel Co. (0347.HK) said Friday it will buy iron and steel assets from its state-owned parent in a US2.2 billion deal that will almost double its earnings per share in two years&#39; time.
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According to "Tehran Times", National Petrochemical Company (NPC) production will hit 15 million tons by March 2007. This indicates a threefold rise in production over the past 15 years.
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Indian conglomerate Bharti Enterprises is to spend up to $2.5bn to focus on expanding its retail business by 2015.
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Infineon Technologies AG, Europe&#39;s second-largest maker of semiconductors, plans to invest about $1 billion in a new factory in Malaysia to expand its automotive chip business and be closer to customers in the region.