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Lucas Loh, president of Capita-Land Group, said China's urban renewal development is continuing apace and the company is confident of seeing further business growth from related projects.

MANILA - Philippine President Rodrigo Duterte has not authorized any new negotiations to forge a new military pact that will replace the Visiting Forces Agreement (VFA) with the United States, presidential spokesman Salvador Panelo said Sunday.

Louis Kuijs, Head of Asia Economics at Oxford Economics, said the yuan's resilience has largely been due to the PBOC stance and resumption of economic activity in China.

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Lu Zhenwang, CEO of the Shanghai-based Wanqing Consultancy, said the dispute stems from Tencent's attempt to develop mini apps, which can undermine Apple iOS App Store's presence in China.

MNCs are more conservative with their investments in China and are focused on their core business, while Chinese companies see an opportunity to leap frog and expand into new markets, said Mike Lim, managing partner of executive search firm DHR International in China.

Luxury brands are also increasingly allocating a growing share, 60 to 70 percent, of their marketing budget to digital marketing platforms.

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MCC railway tickets are booked via the AliPay payment system in Moscow,Sept 10, 2017. [Photo/VCG]

Lu used as an example the fact that Belarus and China recently constructed an industrial park in Minsk as part of the Belt and Road construction, adding that cooperation in trade and investment between China and the countries along the Belt and Road has continued to expand over the past five years.

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Loretta Hall

MALE - The Maldivian government said on Wednesday it was ready for dialogue with the opposition to help restore normalcy in the island country.