SUC logo
SUC logo

Knowledge Update

Saudi oil company to invest $7 bn in Malaysia

​Kuala Lumpur, Feb 28 (IANS) The oil company Saudi Aramco will invest seven billion dollars in a refinery and petrochemical development project in Malaysia following a deal with Malaysia's Petronas, media reports said on Tuesday.

Asia needs $26 trillion in infrastructure investments

​Manila, Feb 28 (IANS) Developing economies of Asia and the Pacific region will need infrastructure investments worth $26 trillion from now until 2030, according to an Asian Development Bank (ADB) report issued on Tuesday.

China to add 30,000 km to railway network

​Beijing, Feb 27 (IANS) China on Monday said its domestic railway railway system is expected to grow by 30,000 kilometres before 2020.

Minister of Transport Li Xiaopeng said one-third of the increased network will consist of high-speed rail, People's Daily reported.

China sees sharp decline in ivory smuggling in 2016

​Beijing, Feb 27 (IANS) The amount of smuggled ivory tracked down in China fell 80 percent in 2016 from previous peak years, China's forest department has said.

Liu Dongsheng, deputy head of the State Forestry Administration, made the remarks at the opening ceremony of a wildlife protection campaign, without specifying detailed

China to lift 10 mn out of poverty

Beijing, Feb 25 (IANS) China will lift 10 million people out of poverty in 2017, and the country will strictly review the spending of poverty relief funds to ensure transparent and efficient use of the money, the authorities said.

China to build 6 mn homes for poor in 2017

​Beijing, Feb 24 (IANS) China will build 6 million new homes for residents of shanty towns before the end of 2017.

This was announced by Minister of Housing and Urban-Rural Development Chen Zhenggao on Thursday, People's Daily reported.

India approves 16 road projects in Nepal

​Kathmandu, Feb 23 (IANS) India has approved 16 road projects to be undertaken through its financial assistance to the Himalayan country under the third Line of Credit.

The matter was agreed upon here on Wednesday during the 5th bilateral two-day Line of Credit (LoC) Review Meeting between the two governments.

China's second aircraft carrier almost complete

​Beijing, Feb 21 (IANS) China is close to completing construction of its second aircraft carrier, which will begin service by 2020, a media report said on Tuesday.

The People's Liberation Army (PLA) Navy's Type 001A class aircraft carrier's scaffold has been removed and red undercoat has been painted below the ship's waterline in Dalian,

Asia-Pacific free trade talks progressing well: China

​Beijing, Feb 21 (IANS) China's Trade Minister on Tuesday said talks on the proposed Asia-Pacific free trade agreement are progressing well, after the US withdrew from the Trans-Pacific Partnership (TPP) Agreement last month.

Hyundai launches new research centres for core technologies

​Seoul, Feb 21 (IANS) Hyundai Motor, South Korea's biggest car manufacturer, launched new research centres to develop core technologies, the company announced on Tuesday.