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India’s Adani Group partners with BASF in petrochems foray

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18-Jan-19 Indian infrastructure conglomerate Adani Group has signed a joint venture with German giant BASF for setting up acrylics manufacturing units costing USD2.25 bn, in its first foray into petrochemicals, and BASF’s largest investment in India to date. [image: AFP]

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Made in China moves to Indonesia

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16-Jan-19 As wages in China have risen, many Hong Kong enterprises with manufacturing there have tried to cut costs and navigate the Sino-US trade dispute by taking production offshore to emerging economies such as Indonesia, India and Vietnam. [image: HKTDC]

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Alipay now has over 1 billion users worldwide

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10-Jan-19 Worldwide users of Alipay, China’s leading online payment platform, have exceeded one billion. Alipay’s Ant Financial Services Group said it had cooperated with nearly ten major overseas smart payment companies, which contributed to its growth in user numbers. [image: Alipay]

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Concern as India's e-commerce restrictions hit Amazon, Walmart

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08-Jan-19 The US government is concerned about India’s revised e-commerce regulations and has said the policy will hinder the Indian investment plans of Amazon.com and Walmart Inc. The rules ban companies from making exclusive deals with sellers. [image: Reuters / Mike Segar]

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Massive market for cross-border P2P payment

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08-Jan-19 The market for cross-border person-to-person remittances was worth USD689 bn in 2018, more than Saudi Arabia's GDP. It is experiencing double-digit growth as people migrate in search of economic opportunities or to escape political upheaval in their home country. [image: The World Bank / PaymentsSource]

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