The FINANCIAL - Business

The Need for Reforms to Cut Costs and Increase Access to Reliable Electricity in Pakistan

The FINANCIAL -- Pakistan’s power sector suffers from inefficiencies that cost the economy $18 billion or 6.5 percent of GDP in fiscal year 2015, according to a new World Bank report. Costs are far greater than previous estimates based on fiscal costs ...

EBRD Presents Recent Expansion of its Green Bond Investment Work at COP24

The FINANCIAL -- The EBRD presented its plans for a €250 million direct investment framework for Green and Sustainability Bonds targeted at financial institutions at an event during international ...

How Should GCC Countries Diversify their Economies and Promote Inclusive Growth?

The FINANCIAL -- Recent volatility in oil prices underscore the need for the six countries in the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab ...

$2 Billion Investment in Green Construction

The FINANCIAL -- IFC announced a new partnership to help transform construction markets by crowding in as much as $2 billion in public and private sector financing for certified green buildings in ...

United States Joins Pacific Region Infrastructure Facility

The FINANCIAL -- The Asian Development Bank welcomed the United States as the newest member of the Pacific Region Infrastructure Facility (PRIF) during a PRIF agency member leaders ...

Vietnam’s GDP Growth is Projected at 6.8 Percent for 2018, Accompanied by Broad Macroeconomic Stability

The FINANCIAL -- Economic growth in Vietnam has proven resilient despite weakening external conditions, driven mainly by strong domestic demand and a dynamic export-oriented manufacturing ...

ConocoPhillips Announces 2019 Capital Budget and Operating Plan

The FINANCIAL -- ConocoPhillips announced its 2019 capital expenditure budget and operating plan. The operating plan reflects the company’s ongoing commitment to free cash flow generation, ...

TCS and Singapore Airlines Launch New Solution for the Airline Industry to Digitally Transform Ground Operations

The FINANCIAL -- Tata Consultancy Services, one of the leading global IT service, consulting and business solutions organisations, and Singapore Airlines announced the launch of the Intelligent ...

Online Shopping Collaboration to Deliver Walmart US Products Directly to Japanese Consumers

The FINANCIAL -- Rakuten, Inc. and Walmart, Inc. officially opened the first Walmart e-commerce store in Japan, the ”Walmart Rakuten Ichiba Store,” on the Rakuten Ichiba internet shopping ...

Nestlé Waters North America Will Achieve 25% Recycled Plastic by 2021

The FINANCIAL -- Nestlé Waters North America, one of the leading beverage companies in North America, announced that it will achieve 25 percent recycled plastic across its U.S. domestic ...