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NEW DELHI (Reuters) - Indian ride-hailing firm Ola, backed by Japan's SoftBank Group, said on Monday it planned to invest 24 billion rupees ($326 million) to set up a factory in the southern state of Tamil Nadu to produce electric scooters.
BANGKOK (The Nation/ANN): The Department of International Trade Promotion (DITP) has outlined plans to boost export next year with a focus on online trade promotion activities, the department’s director general Somdet Susomboon said.
PETALING JAYA: Malaysian companies that are highly dependent on foreign labour need to strengthen their practices, as allegations have arisen about forced labour in the country.
PETALING JAYA: Reducing dependence on imported edible oils is part of India’s larger quest for food self-sufficiency.
NEW DELHI (Bernama): Reducing dependence on imported edible oils is part of India's larger quest for food self-sufficiency. Palm oil constitutes about 60 per cent of India's annual 15 million tonnes of vegetable oil imports.
KUALA LUMPUR (Bernama) -- COVID-19 hit oil palm smallholders and companies can heave a sigh of relief overt a tax exemption provided under the National Economic Recovery Plan (PENJANA) that was aimed at managing the country’s stock level and stabilise the crude palm oil (CPO) price.
MUMBAI: India's vegetable oil imports are likely to surge from June onwards as New Delhi eases coronavirus curbs, the head of a trading body said on Monday.
BEIJING (China Daily/ANN): The continued decline in global oil prices may prove beneficial to the Chinese economy and businesses in the aviation and refining sector, analysts said on Tuesday (March 10).
PETALING JAYA: Datuk Seri Dr Wee Ka Siong has thanked the Indian government for not extending its import duties on several varieties of palm oil from Malaysia.
SINGAPORE: Banks are suspending the credit lines for some Chinese independent oil refineries amid rising concerns about overall industrial defaults and as the coronavirus outbreak has eaten into the processors’ fuel sales.