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Platts foresees a bleak outlook for new orders and prices, and inventories are expected to rise.
The Vietnamese economy is projected to expand by 6.7 percent in 2016, riding the success of this year’s growth—the highest in past five years at above 6.5 percent, more than the initial forecast of 6.2 percent.
In the recent Wall Street Journal’s WSJDLive conference, Apple chief executive officer (CEO) Tim Cook shared his opinion that the automotive industry is bound for a ‘massive change’.
Collaboration, Innovation and Digital Transformation will provide the impetus for Singapore’s future growth, says market research analyst Frost & Sullivan. According to them, the key factors that will continue to be relevant include talent management, sustainable innovation and investment in the right infrastructure.
Airbus has just launched the new Ultra-Long Range version of the A350-900, or the A350-900ULR (ultra-long range) which will allow Singapore Airlines (SIA) to resume their non-stop flights to the US.
Equinix Incorporated, an interconnection and data centre company, has announced that Frost & Sullivan has awarded them with the 2015 Asia Pacific Data Centre Green Innovation Leadership Award. Particularly, the company was recognised with its continued focus on designing and managing green data centres across the Asia Pacific region.
The Semiconductor Industry Association (SIA) reported a 0.5 percent decrease in global semiconductor sales in August to US$27.7 billion, from that of July which recorded US$27.9 billion. Compared to the same month of 2014, August 2015’s record was 3.0 percent less.
The Green Car Journal has announced its five finalists for the 2016 Green Car of the Year award, and they include: Audi A3 e-tron, Chevrolet Volt, Honda Civic, Hyundai Sonata and Toyota Prius.
Boeing has recently announced the intent of Taiwanese airliner EVA Airways to buy up to 24 of the latest 787-10 Dreamliners and two additional 777-300ER (extended range) jetliners. The purchase is worth more than US$8 billion.
The World Steel Association (worldsteel) has forecast a 1.7 percent decrease in global steel demand for 2015, but projects a growth of 0.7 percent in 2016.