December 4, 2023
METRO Pacific Tollways South Corp. (MPT South), a unit of Metro Pacific Investments Corp. (MPIC), is targeting capital expenditures (capex) of nearly P12 billion over the next two years to fund ongoing developments with the aim of completing these by 2025. Elnora Rumawak, vice president for finance of MPT South, said over the weekend that
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This month, China’s new finance minister Lan Fo’an told markets what they had been waiting to hear — Beijing would boost budget spending to support a delicate post-pandemic recovery in the world’s second-largest economy. China is to deploy an arsenal of local and central government bonds, including a new Rmb1tn treasury facility — which will
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Japan’s government will allocate roughly 2 trillion yen ($13 billion) to support efforts to boost its chip industry, marking the latest move by the Asian nation to reclaim its past glory in the critical sector. The country is a leading provider of chipmaking tools and materials that lost its edge in manufacturing in recent decades
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TOKYO: Japan’s government said on Friday that it plans to spend 2 trillion yen ($13 billion) to boost domestic production of strategically important semiconductors and generative AI technology. The planned outlays will include 700 billion yen ($4.6 billion) to support the construction of a Taiwan Semiconductor Manufacturing Co. (TSMC) plant in Kumamoto, the firm’s second
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TOKYO, Nov 10, 2023 (AFP) – Japan’s government said on Friday that it plans to spend 2 trillion yen ($13 billion) to boost domestic production of strategically important semiconductors and generative AI technology. The planned outlays will include 700 billion yen ($4.6 billion) to support the construction of a Taiwan Semiconductor Manufacturing Company (TSMC) plant
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Chinese businesses are retreating from the US as relations between the world’s two largest economies deteriorate. Chinese investment plunged to $2.5bn in the US last year — the lowest in more than a decade and down from a record $48bn in 2016, according to an analysis by Rhodium Group, a think-tank. Business activity, including revenue
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DEMAND for bank loans is expected to increase this quarter with higher spending and investment from both households and enterprises, according to the Bangko Sentral ng Pilipinas (BSP). Based on the outlook for the last quarter of the year in the “Third-Quarter 2023 Senior Bank Loan Officers’ Survey” (SLOS), BSP said consumption as well as
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Mexico-born cinema chain Cinepolis’ Indian arm is looking to double its capex to ‘280 crore in 2024 as it looks to add 80 screens a year to achieve its eventual goal of having 1,000 screens in the country, CEO Devang Sampat told ET. Cinepolis, which entered India in 2009, has 432 screens in the country
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Artificial intelligence companies and governments should allocate at least one third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI researchers said in a letter on Tuesday. The letter, issued a week before the international AI Safety Summit in London, lists measures that governments and
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From Netflix to Hayu, there are now dozens of streaming services available for TV lovers in the UK. These services were once hailed as a cheaper alternative to a Sky box, but many now come with hefty price-tags – which quickly add up. Just this week, Netflix announced that it was hiking its prices for millions
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