05 Jul 2018

VN should be resilient to shifting megatrends: WB

HÀ NỘI —Việt Nam’s economy can be re-defined by focusing on the effective exploitation of four megatrends affecting the country’s sustainable and competitive development. The statement was made by Ousmane Dione, country director of World Bank in Việt Nam, during a conference held on Thursday in Hà Nội, themed ‘Enhancing

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30 May 2018

South Korea to invest 2.2 trillion won in bid to seize the lead in AI technology by 2022

Grappling with the challenges of Industry 4.0, South Korea seeks to close the gap by allocating 2.2 trillion won to developing AI. South Korea’s Ministry of Science and ICT has recently announced a 2.2 trillion won budget for research and development in artificial intelligence (AI) and expansion of AI-related infrastructure

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30 May 2018

China’s Jiangxi Province to invest over $10 billion in Northern Region

A delegation of business executives and investors from the Jiangxi Province, China, will soon visit Ghana to explore the potentials and business opportunities in the Northern Region. The Jiangxi Province as part of its Global partnership project has since expressed the Province’s interest to bring technology and invest in the

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30 May 2018

World Bank helps Bangladesh expand access to renewable energy

The Bangladesh government has signed a $55 million financing agreement with the World Bank to expand renewable energy uses in rural areas. The agreement was signed by Kazi Shofiqul Azam, secretary of Bangladesh’s Economic Relations Division, and Fan Qimiao, Asian Development Bank country Director for Bangladesh, Bhutan, and Nepal on

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28 May 2018

Myanmar rolls out $2.29b mega city development projects, invites investor interest

South Korean government’s Korea Land and Housing Cooperation, Myanmar’s Alliance Star Group of Companies and Shwe Taung Company will be engaged in three mega city development projects, requiring an investment of $2.29 billion, in Myanmar. The ministry of construction has announced plans to develop three projects in Yangon and a new

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28 May 2018

IFC helps Uzbekistan develop renewable energy through public-private partnership

IFC, a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private sector investment in Uzbekistan’s renewable-energy sector. As transaction advisor, IFC will advise the government and the state-owned national power utility, Uzbekenergo on structuring a

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23 May 2018

Maharashtra Mulls New Public-Private Partnership Policy For Affordable Housing

The Maharashtra government is planning a new policy under the public private partnership model in a bid to boost affordable housing in the state. Under the policy, the state government will acquire land parcels in the Mumbai Metropolitan Region – comprising of state capital Mumbai and its satellite towns –

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23 May 2018

Mongolia kicks off economic forum on public-private partnership

The 2018 Mongolia Economic Forum kicked off here Monday, with the aim of boosting the country’s economic development through public-private partnerships. “We have to consolidate our views on development policies. The public-private partnership is very important for the development of the economy,” said Mongolian Prime minister Ukhnaa Hurelsukh at the

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16 May 2018

S. Korea to collect big data to develop personalized medicines

South Korea will collect big data from medical records from local hospitals to pave the way for the development of effective and appropriate treatment plans for individual patients, the commerce ministry said Monday. The Ministry of Trade, Industry and Energy said it launched a task force composed of hospitals, research

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16 May 2018

Cabinet approves Rs 5,000 crore fund through NABARD to promote irrigation

The allocation of Rs. 2,000 crore and Rs. 3,000 crore will be utilised during 2018-19 and 2019-20 respectively. The Union Cabinet on Wednesday approves corpus of Rs .5,000 crore for setting up of a dedicated “Micro Irrigation Fund” (MIF) with NABARD under Pradhan MantriKrishiSinchayeeYojana (PMKSY). The allocation of Rs. 2,000

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