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Share to Twitter Share to Linkedin A fall in the price of solar glass and rising costs for raw materials have contributed to a warning of a drop in first-half profit at Xinyi Solar, one of the world’s largest suppliers of glass to the solar power industry. Profit is likely to drop by 33% to 43% from HK$3.07 billion a year earlier, based on preliminary five-month data, the company said in a statement Friday evening, Xinyi Solar, controlled by Chinese billionaire Lee Yin Yee, fell 3.5% in trading at the Hong Kong Stock Exchange to HK$12.66 at approximately 10 a.m. on Monday after the announcement; its shares have lost more than a fifth of their value in the past 12 months. The drop in profit is “primarily due to the decrease in the profitability of the solar glass business” owing to “around 10-20% decreases in the average market prices of solar glass products” along with “significant increases in the costs of raw materials and energy, such as soda … [Read more...] about China Billionaire Trio’s Xinyi Solar, Xinyi Glass Warn Of Profit Drop; Stocks Slide

The Thai Ministry of Public Health announced earlier today that the first covid variant ‘Omicron’ has been detected in the country. The person is a 36 year old American tourist who from Spain, via Dubai, on the Test and Go scheme (for travellers who have been fully vaccinated). It’s been revealed that he was living in Spain for 12 months. He tested negative in Spain on November 28 before flying to Thailand, via Dubai on November 29.. He spent some 9 hours in transit in Dubai.. Arriving on November 30, he trailed to his room where he underwent the mandatory PCR test. His result came back positive. It’s been reported that he has no underlying conditions and no symptoms. It’s also been revelled that the man was vaccinated with the Johnson & Johnson vaccine in June this year. 17 close contacts have been detected atthe man’s SHA+ hotel, along with 2 airport staff. At this stage the Thai government has banned travellers from 8 southern African countries. Given the man’s … [Read more...] about LATEST NEWS: First Omicron case detected in Thailand

President Rodrigo Duterte and Chinese President Xi Jinping —MALACAÑANG PHOTO MANILA, Philippines — President Rodrigo Duterte said on Tuesday that Chinese President Xi Jinping had offered the Philippines a controlling stake in a proposed joint energy venture in the West Philippine Sea if it would set aside an international arbitral ruling award that went against China. The President said Xi told him during their meeting in Beijing in August that if he ignored the 2016 ruling of the UN-backed Permanent Court of Arbitration, China would agree to be the junior partner in the proposed joint venture to develop gas deposits in Recto Bank, located in the West Philippine Sea, waters within the Philippines’ 370-kilometer exclusive economic zone (EEZ) in the heavily disputed South China Sea. 60-40 sharing “Set aside the arbitral ruling,” the President told reporters in Malacañang, quoting Xi. “Set aside your claim. Then allow everybody connected with the Chinese companies. They want to … [Read more...] about Duterte: Energy deal OK with China if PH drops claim

MANILA, Philippines—President Rodrigo Duterte on Thursday said he would push for the “exploitation of natural resources” in the West Philippine Sea through the joint oil exploration deal with China when he meets Chinese President Xi Jinping later this month. Duterte said he doesn’t see anything wrong with China’s proposal to split oil resources in the West Philippine Sea in Manila’s favor. “They have proposed a 60-40 (deal), okay na ‘yun para sa akin,” Duterte said. “But that could be a later topic if we have time.” The Philippines and China signed a memorandum of understanding (MOU) for oil and gas exploration during Xi’s state visit to the country last year. READ: Welcome gift to Xi: Oil exploration deal In his impending fifth visit to China, Duterte said he will also raise the delay in the formulation of the South China Sea code of conduct, the Philippines’ arbitral victory against China, and other key maritime issues. READ: Duterte confirms he will raise … [Read more...] about Joint oil exploration deal with China: Duterte OK with 60-40 split in PH’s favor

CODE OF CONDUCT File photo shows members of a Philippine survey team sailing around Philippine-held Pag-asa (Thitu) Island, with a sandbar seen in the background, in the Spratlys. President Duterte ordered troops to scrap plans of building a fishermen’s shelter on a sandbar in the disputed South China Sea after Beijing complained, his defense chief said on Wednesday. —AFP FILE PHOTO MANILA, Philippines—President Rodrigo Duterte on Thursday said China is “delaying” the finalization of a Code of Conduct (COC) in the South China Sea, an accord aimed at preventing the escalation of tension in the disputed waters. Duterte said that aside from invoking the Philippines’ arbitral victory against Beijing’s expansive claims in the South China Sea, he would also raise the delay in the formulation of the COC when he visits China later this month. READ: Duterte to visit China in August for 5th time “That is why I’m going there, they are delaying it and it’s causing so many … [Read more...] about Duterte: China delaying completion of South China Sea Code of Conduct

MANILA, Philippines—Speaking before Filipino-Chinese businessmen, President Rodrigo Duterte on Tuesday confirmed that he will raise the subject of the Philippines’ landmark arbitral ruling against China when he visits the Asian powerhouse later this month. “‘Yung arbitral ruling, pag-usapan natin ‘yan. That’s why I’m going to China.,” Duterte said during the oath-taking of newly-elected officials of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. READ: ‘The Time has come’: Duterte to invoke Hague ruling in China visit this August Duterte is reportedly set to fly to China later this month and meet with Chinese President Xi Jinping. He is also set to watch the 2019 Fiba World Cup where Gilas, the Philippine national team, is set to face Italy, Serbia and Angola. However, Duterte noted that he will make sure not to provoke China in invoking the arbitral ruling that invalidated Beijing’s expansive nine-dash line claim in the South China Sea. Duterte … [Read more...] about Duterte confirms he will raise arbitral ruling in next China visit

Thousands of ageing solar panels sited throughout China could trigger an environmental crisis over the next two decades, according to industry experts. China has more solar power plants than any other country, operating roughly twice as many solar panels as the U.S. with no plans on how to dispose of the old panels that break down. “It will explode with full force in two or three decades and wreck the environment, if the estimate is correct,” Tian Min, general manager of a Chinese recycling company, told The South China Morning Post . “This is a huge amount of waste and they are not easy to recycle.” There could be 20 million metric tons of solar panel waste, or 2,000 times the weight of the Eiffel Tower, by 2050 according to Lu Fang, the secretary general of solar power at the China Renewable Energy Society. Solar panels use hazardous materials, like sulfuric acid and phosphine gas, in the manufacturing process that makes them hard to recycle. Solar panels also have … [Read more...] about Old Solar Panels Causing An Environmental Crisis In China

ROME, June 26 (Xinhua) -- A special one-off "East Meets West" classical music concert was held Saturday evening at Rome's iconic opera house, with Chinese and Italian musicians enthralling the audience with an impressive performance. At the Rome Opera House, the most important music hall in the Italian capital, the 1,600-seat venue was mostly full, and several of the pieces performed attracted extended rounds of applause. The program is a centerpiece of the China-Italy Year of Culture and Tourism, featuring seven performances from both Italian and Chinese composers and focusing on young musicians. The event was part of the first full season of the opera house in its home facility since it closed for the coronavirus pandemic. Other performances since 2020 had been held in outdoor venues. The nearly two-hour selection, conducted by Qian Junping, got underway with a performance of "Jasmine Flower" from Italian composer Giacomo Puccini's opera Turandot. "Nessun dorma" (None shall … [Read more...] about Feature: “East Meets West” concert featuring Chinese, Italian compositions held in Rome

GEORGE TOWN: Landed properties valued at more than RM500mil are rotting in space-scarce Penang island, where residential and commercial buildings fetch lucrative prices. Penang Island City Council (MBPP) councillor Wong Yuee Harng ( pic ) said that while more than RM300mil worth of heritage and pre-war buildings (commercial and residential) were left unoccupied, several buildings put up later were in a similar predicament due to the Covid-19 pandemic. ALSO READ: Udini House, oldest abandoned mansion, worth RM30mil Wong says the council’s building department has the right to hoard up the buildings or even charge the owners. The abandoned post-war buildings in the city were valued at some RM200mil, according to a property valuation consultant. These post-war buildings are all over the island with many having turned into a breeding ground for mosquitoes and snakes, and turning into dumpsites. Wong said MBPP was able to get some of these property owners to clean … [Read more...] about Landed properties worth RM500mil left abandoned

The "special" OPD fee structure that has been doing rounds on social media. (Image credit: @gdalmiathinks/Twitter) Tired of patients looking their symptoms up on Google before consulting him, a doctor in India has designed a special fee structure for such people. A poster put up at the unidentified doctor's office lays down the OPD charges like this: If patients rely on the doctor's diagnosis and treatment, they have to pay only Rs 200. But, if patients insist on a different type of treatment after getting diagnosed by the doctor, the fee spikes to Rs 500. Moreover, if people who have looked up their symptoms on Google want to clear their doubts, they will be charged Rs 1,000. The fee climbs higher if the doctor is asked to suggest a course of treatment that the patients have diagnosed while surfing the internet. Doing so will cost them Rs 1,500. But, what takes the cake is the last category. If patients decide to look up their symptoms on the internet and decide to … [Read more...] about Googling symptoms when ill? This doctor has a special fee structure