Three years after it shattered the AMCA programme, the US offers "Critical Tech" to help India develop its fifth-generation fighter jet

Take General Electric's (GE) offer to assist in the development of the jet engine for India's Advanced Medium Combat Aircraft (AMCA), which is still under development, with a grain of salt.

In October 2019, the US halted the Defense Trade and Technology Initiative's (DTII) c...

CHINA CONSUMPTION, INVESTMENT EXPECTED TO GROW IN MAY

Highlights –

• China consumption, investment expected to grow in May.
• Investments are expected to maintain fast growth momentum.
• Fixed-asset investment in the first five months to grow at around 18 percent year on year.
• China...

CHINA TO MONITOR CHALLENGES FACED BY SMEs

Highlights –

• China to monitor challenges faced by SMEs.
• China will also be permitting foreign investors to open entertainment venues.
• The ministry will step up price monitoring and work together with other government departments.
...

DRDO DEVELOPS NEW TECHNOLOGY TO PROTECT NAVAL SHIPS

HIGHLIGHTS

• DRDO has developed new technology to protect Indian naval ships from missile attacks.
• The Advanced Chaff Technology can safeguard the naval ships against missile attacks from enemy.

The Defense Research and Development Org...

USAID AND DFC PLEDGE 41 MILLION DOLLARS FINANCING FOR RENEWABLE ENERGY IN INDIA

HIGHLIGHTS

• USAID and DFC have announced a US $41 million loan-guarantee program for India.
• This program is meant to finance investment in renewable energy by Indian SMEs.

The United States Agency for International Development (USAID)...

S. KOREAN SME’s DESPITE THE PANDEMIC REPORTS THEIR EXPORTS TO FALL IN 2020

Highlights –

• S. Korean SME’s despite the pandemic reports their exports to fall in 2020.
• Overseas shipments totaled US$100.8 billion last year.
• In 2020, South Korean smaller companies exported $90 million worth of test kits to 1...

CHINA’S SMEs AND EER REPORTED BEING STABLE IN Q4 2020

Highlights –

• China’s SMEs and EER reported being stable in Q4 2020.
•  SMEs Development Index based on a survey was up 0.2 points in Q4.
• China’s real EER has climbed 3.79 percent to 126.13 from June to November 2020.

CONSTRUCTION OF ZOJILA TUNNEL BEGINS IN INDIA

HIGHLIGHTS

• Zojila is one of the most dangerous stretches in the world to drive a vehicle.
• The construction of Zojila tunnel is also geo-strategically sensitive.
• Construction of Zojila tunnel was a public demand from Drass, Kargil, and Ladak...

INDIAN GOVERNMENT TO WAIVE INTEREST ON INTEREST ON LOANS UP TO RS 2 BILLION

HIGHLIGHTS

• Indian government has plans to waive interest on interest on the financial loans up to Rs 2 billion during moratorium.
• People having cleared their loan dues during the moratorium between MAR 2020 and AUG 2020 will also get the benefit of th...

INDIAN MINISTER NITIN GADKARI TESTS POSITIVE FOR COVID-19

HIGHLIGHTS

• Indian Road & Transport Minister Nitin Gadkari has been tested positive for COVID-19.
• The Union Minister has isolated himself.

India's Minister of Road Transport & Highways, Micro, Small & Medium Enterprise...

CAMBODIA-JAPAN BUSINESS INVESTMENT ASSOCIATION TO BOOST JOINT-VENTURES

HIGHLIGHTS

• CJBI wants to promote Cambodia-Japan business partnership with special focus on SMEs.
• Cambodia and Japan want to strengthen economic relations with each other.

The Cambodia- Japan Association for Business and Investment (C...

Cycling to be the preferred medium of commute in Singapore

International research firm (Kantar) has noted that Singapore will see a substantial shift towards cycling and walking as a mode of transport by the turn of this decade, as the country’s population is expected to exceed 6.3 million the fastest mode of transport is expected to be cycles, it ...

Scotland’s small & medium businesses go green

As an environmentally aware country, Scotland wants to achieve zero emission by 2030. The Scots are serious about the changes they want to see. The SME sector in Scotland is also going to great lengths to ensure their contribution to the cause. As an industry, the SME domain also see benefits in ...

SOLV accomplices with Monetago for receipt financing

SOLV, a B2B trade commercial center, is banding together with MonetaGo to digitize receipt financing focused on some 60M SME in India. The association will see SOLV influence MonetaGo's developing Anti-Fraud Network and alleviate the dangers of twofold receipt financing extortion. (SOLV has r...

Finance to take a new turn in India

Finance in India is taking a new turn as the new reforms of the sector have turned the nation into a different direction as the finance minister states. Public-sector banks have sufficient liquidity and efforts are being made to ensure that due payments are released to micro, small and medium ent...

8 growth boosting initiatives helping Abu Dhabi development

The decision by the Abu Dhabi government to launch eight initiatives to boost growth and diversification away from oil will open up a new era of business growth in the emirate. These initiatives will deliver much-needed relief and support for the market at a time of economic pressure from regiona...

Australia’s first SME competitive bank, Judo Bank, influences tech to link with customers

As Judo Bank continues to expand its business, the company’s CIO tells us how it is connecting with its customers Judo Bank was established to serve small and medium enterprises (SMEs) lending needs, and has recently been granted a full banking licence that will allow it launch full deposit-takin...