Tuesday , December 12 2017

News

Japan investigates wrongdoing on $79 billion maglev project

epa05691562 People returning to home countries crowd on a platform to get on the JR Tokaido Shinkansen bullet train at Tokyo railway station in Tokyo, Japan, 30 December 2016. According to Japan's largest travel agency JTB Corp.,  about 30 millions of Japanese people move around the country and overseas during a week over year-end and the New Year.  EPA/KIMIMASA MAYAMA

Bloomberg Japanese prosecutors are investigating two of the country’s biggest construction companies, Obayashi Corp. and Kajima Corp., for suspected wrongdoing linked to a public-backed $79 billion magnetic-levitation rail network. After local media reported authorities were looking into bid-rigging related to construction of Central Japan Railway Co.’s maglev project, Obayashi Corp. ...

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Freezing cities force China to ease anti-smog curbs on coal

epa05892424 Chinese tourists visit the Bund with the Pudong skyline towers seen through heavy smog during a rainy and polluted day in Shanghai, China, 06 April 2017.  EPA/ROMAN PILIPEY

Bloomberg China’s efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter temperatures. Officials in China’s frigid northern provinces were ordered to prioritise keeping citizens warm and areas that ...

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China Telecom studies Philippines entry after president Duterte’s offer

epa02509955 The logo of China Telecom adorns its headquarters in Beijing, China 30 December 2010. China Telecom is one of the world's largest telecom companies but remains led by state control, typical of the behemoths of state capitalism that dominate China's current economic structure.  EPA/ADRIAN BRADSHAW

Bloomberg China Telecommunications Corp. is studying an investment in the Philippines after President Rodrigo Duterte invited China to enter the Southeast Asian country and challenge local phone carriers PLDT Inc. and Globe Telecom Inc. The Chinese government, which controls its phone carriers, picked China Telecom to be the one entering ...

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