By 2050, demand for air conditioning, refrigerators, and refrigerated transport will increase seven-fold in Africa and four-fold in Asia, according to the UN Environment Agency (UNEP) and the World Bank’s private sector arm IFC. “These nations are especially vulnerable to the deadly effects of rising temperatures and are urgently in need of cooling solutions,” said […]
West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, at $72.05 a barrel. Analysts said the bounce was in part a reaction to a potential hurricane in the U.S. Gulf Coast. A weather system in the southwestern Gulf of […]
Mukesh Ambani, chairman and managing director of Reliance Industries, has topped Asia’s richest individuals list for July 2024, with assets valued at $122.8 billion. The list, released by international media, places Indian industrialist Gautam Adani in second place with a net worth of $85.7 billion. Indonesian businessman Prajogo Pangestu ranks third, holding assets worth $61.8 […]
In a prestigious acknowledgment of its steadfast commitment to excellence, Masood Textile Mills (MTM) has been recognized by “Asia Business Outlook” as one of the “Top 10 Most Promising Textile Companies in Asia 2023.” This accolade not only cements Masood’s position as an industry leader but also highlights the company’s significant contributions to the Asian […]
Papua New Guineans “from the mountains, valleys and coasts rose up this morning to the news that our queen has been taken to rest by God,” the country’s Prime Minister James Marape declared on the death of the U.K.’s Queen Elizabeth II. “She was the anchor of our Commonwealth, and for PNG we fondly call […]
Singapore’s Finance Minister Lawrence Wong says “open and free” air travel in Asia remains unlikely; in the near term as parts of the region battle with an increase in Covid-19 infections. Also, He says that he is somewhat less sanguine about the prospects of air travel. “The region is still facing rolling waves of infection, […]
American media giant Forbes has included two Pakistani companies in its “Asia’s Best Under A Billion 2020” list, which highlights some 200 publicly-listed, small-and medium-scale companies in the Asia-Pacific region with sales under $1 billion. Eventually, the two Pakistani firms comprise an information technology company and a textile manufacturer. Furthermore, according to a statement issued […]
