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Business & Economy

Russian world always open to cooperation, collaboration - Putin

MOSCOW, November 3. /TASS/. The Russian world and culture are always open to cooperation and collaboration, Russian President Vladimir Putin said on Monday at an awarding ceremony at the Kremlin timed to coincide with Day of National Unity.

The head of state awarded some foreign nationals for merits in strengthening peace, friendship, cooperation and understanding between the nations.

Medvedev praises sales of Russian aircraft to Thailand

BANGKOK, November 3. /TASS/. Sales of Russian aircraft to Thailand is a promising export, as the Russian-Thai cooperation is not limited to tourism, Russian Prime Minister Dmitry Medvedev said at the end of his visit to Thailand on Monday.

"We discussed various fields at the talks. In this context, I can name what is already on the agenda and what could be added to the agenda in the near future. For example, imports of Russian aircraft, or planes and helicopters. It is a vast and serious market, which is of interest for us," the prime minister said.

Chinese premier urges closer exchanges with Thailand

BANGKOK, Nov. 5 (Xinhua) -- Chinese Premier Li Keqiang on Tuesday met here with Chuan Leekpai, president of the Thai National Assembly and speaker of the House of Representatives, and called for closer exchanges between the two nations.

In the meeting, Li spoke highly of the current relations between China and Thailand and commended the Thai parliament for its consistent efforts in advancing the bilateral friendship.

Trade wars only translate to businesses suffering – AIBC co-chairman

KUALA LUMPUR, Nov 5 (NNN-BERNAMA) — Bussinesses will suffer and ultimately the people on the ground will end up paying the price of trade wars, says     
ASEAN-India Business Council (AIBC) co-chairman, Ramesh Kodammal.

“Trade spats will not benefit any country, be it the ones that started the war, or others that are not directly involved.             

Aussie govt wants Malaysia to drop conditions on Lynas

BANGKOK, Nov 5 (NNN-BERNAMA) — The Australian government is hoping that Malaysia will drop conditions imposed on rare earth company Lynas Malaysia Sdn Bhd operating in Gebeng, Kuantan.

This was among the matters raised in talks between Malaysian Prime Minister Dr Mahathir Mohamad and his Australian counterpart Scott Morrison on the sidelines of the 35th ASEAN Summit here Monday.

“They (Australian government) are hoping we will drop the conditions,” he told Malaysian media covering his participation in the regional gathering here Monday.

Iran President Sends Letters To Saudi King On Peace Cooperation

TEHRAN, Nov 5 (NNN-TASNIM) – Iran said, President Hassan Rouhani, sent letters to Saudi Arabia’s king, for cooperation on regional peace.

“The theme of the letters has been regional peace and stability,” Ali Rabiee, government spokesman, was quoted as saying.

“We believe multiple bilateral ties could be shaped in the region, and the U.S. pressures should not cause a distance between neighbours,” Rabiee added.

On Saturday, the Iranian Foreign Ministry announced that, Iran had forwarded its Hormuz peace plan to regional states.

UAE Announces New Oil And Gas Reserves

ABU DHABI, Nov 5 (NNN-WAM) – The Supreme Petroleum Council (SPC), the highest energy decision-making authority of the United Arab Emirates, announced major increases in Abu Dhabi oil and gas reserves.

The SPC also announced “an historic decision,” to list on Abu Dhabi National Oil Company’s (ADNOC) Murban crude oil, on “an exchange” in the future.

Abu Dhabi’s Crown Prince, Sheikh Mohamed bin Zayed, who presided over the SPC meeting, held at ADNOC headquarters, said, these announcements are “strengthening Abu Dhabi’s position as a global energy player.”

15 countries involved in RCEP conclude negotiations without India

BANGKOK , Nov 5 (NNN-BERNAMA) — The 15 participating countries in the Regional Comprehensive Economic Partnership (RCEP) have concluded the negotiations Monday night, leaving India out of the deal which would have been the largest trade pact in the world.

The RCEP, which went through after seven years of intense negotiations, was successfully wrapped up at the 35th ASEAN Summit here Monday night.

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