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Toyota logs record net profit in fiscal 2023

STORY: Toyota logs record net profit in fiscal 2023 SHOOTING TIME: May 8, 2024 DATELINE: May 9, 2024 LENGTH: 00:00:56 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of a press conference held by Toyota Motor Corp. STORYLINE: Toyota Motor Corp. said Wednesday it saw a record net profit of 4.94 trillion yen (31.82 billion U.S. dollars) for the fiscal year of 2023, citing robust demand and the yen's depreciation. The figure doubled from the previous fiscal year, while the operating profit almost doubled from a year earlier to 5.35 trillion yen during the fiscal period from April 2023 to March 2024, the company said in its latest financial results. According to local media reports, Toyota became the first Japanese company to top the 5-trillion-yen mark in operating profit for fiscal 2023. The Japanese automaker reported a record 45.1 trillion yen in sales, up 21.4 percent from a year ago. Citing the popularity of hybrid cars, the company said its group vehicle sales, including those of its subsidia

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Turkish Airlines contributes 56 bln USD to economy in 2023: Erdogan

STORY: Turkish Airlines contributes 56 bln USD to economy in 2023: Erdogan SHOOTING TIME: Jan. 18, 2024 DATELINE: Jan. 19, 2024 LENGTH: 00:01:13 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul airport 2. various of planes of Turkish Airlines (THY) 3. SOUNDBITE 1 (Turkish): RECEP TAYYIP ERDOGAN, Turkish President 4. SOUNDBITE 2 (Turkish): RECEP TAYYIP ERDOGAN, Turkish President STORYLINE: Türkiye's flag carrier, Turkish Airlines (THY), is the country's most valuable brand, contributing 56 billion U.S. dollars to the national economy in 2023, Turkish President Recep Tayyip Erdogan said on Thursday. SOUNDBITE 1 (Turkish): RECEP TAYYIP ERDOGAN, Turkish President "Turkish Airlines is not only Türkiye's most valuable brand but has also made a name for itself with its contributions to our country's economy." SOUNDBITE 2 (Turkish): RECEP TAYYIP ERDOGAN, Turkish President "According to 2023 figures, Turkish Airlines has contributed 56 billion dollars to the Turkish economy and has s

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Türkiye targets over 6-bln-USD defense exports in 2023: president

STORY: Türkiye targets over 6-bln-USD defense exports in 2023: president DATELINE: Sept. 30, 2023 LENGTH: 0:00:56 LOCATION: ISTANBUL, Türkiye CATEGORY: MILITARY SHOTLIST: 1. various of TEKNOFEST, Türkiye's biggest aviation, space, and technology fair in Izmir, Türkiye 2. various of Turkish President Recep Tayyip Erdogan delivering speech at the fair 3. various of Turkish-made unmanned armed fighter jet Kizilelma STORYLINE: Turkish President Recep Tayyip Erdogan said on Friday that Türkiye's defense export target is to exceed 6 billion U.S. dollars in 2023. Speaking at a technology festival in the western province of Izmir, Erdogan said his country has been implementing 850 different defense projects. "With our defense industry initiatives, our exports are increasing exponentially," Erdogan said, addressing the visitors at TEKNOFEST, Türkiye's biggest aviation, space, and technology fair. The president noted that his country has been rapidly completing the tests of Kizilelma, a fighter drone c

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AIIB keen to enhance investments in Egypt's infrastructure: finance minister

STORY: AIIB keen to enhance investments in Egypt's infrastructure: finance minister DATELINE: Sept. 11, 2023 LENGTH: 00:00:56 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the headquarters of Egypt's Finance Ministry in Cairo 2. various of Egypt's Finance Minister Mohamed Maait speaking 2. various of goods at port STORYLINE: Egyptian Finance Minister Mohamed Maait said Saturday that the Asian Infrastructure Investment Bank (AIIB) is keen to enhance investments in Egypt's infrastructure, especially in partnership with the private sector. Maait made the marks during a seminar organized in Cairo by Egypt's Supreme Council for Media Regulation, according to a statement of the council. The minister, who is also Egypt's governor at the AIIB, said that Egypt joined the AIIB as a founding member in 2016 and revealed that the bank's investment portfolio in Egypt amounted to 1.3 billion U.S. dollars. Regarding the upcoming AIIB's annual meeting, which will be held on Sept. 25-26 in Egypt's Sharm El

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Visitors prepare to watch a movie at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Citizens watch a movie poster at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Citizens watch a movie poster at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Visitors prepare to watch a movie at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Citizens watch a movie poster at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Citizens watch a movie poster at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Citizens watch a movie poster at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Citizens watch a movie poster at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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China Film Marketing Box Office Surge

FUYANG, CHINA - AUGUST 16, 2023 - Citizens watch a movie poster at the Oriental Giant Screen Cinema in Fuyang city, East China's Anhui province, Aug 16, 2023. Data from the State Film Administration shows that as of August 15, the 2023 summer movie box office reached 17.37 billion yuan, with domestic films accounting for 85.85%, and China's film market has exceeded 100 million yuan for 56 consecutive days.

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Egypt releases imports worth 32 bln USD in 5 months: finance minister

STORY: Egypt releases imports worth 32 bln USD in 5 months: finance minister DATELINE: July 3, 2023 LENGTH: 00:00:56 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the headquarters of Egypt's Finance Ministry in Cairo 2. various of Egypt's Minister of Finance Mohamed Maait speaking 3. various of goods at a port STORYLINE: Egypt's Minister of Finance Mohamed Maait said on Sunday that over the past five months, the authorities at various ports and outlets granted customs clearance for imported goods, commodities, and products worth approximately 32 billion U.S. dollars. He said that basic commodities, food manufacturing components, medicines and production supplies were at the top of the list. The minister added that fees and penalties were reduced to ease the burden on importers. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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Turkish police arrest 120 suspects over cryptocurrency trading

STORY: Turkish police arrest 120 suspects over cryptocurrency trading DATELINE: June 21, 2023 LENGTH: 00:00:56 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul Police Department, police cars leaving the police station for the operation in Türkiye 2. various of police officers searching the houses they raided in Istanbul 3. various of arrested suspects being taken to the police station in Istanbul 4. various of press conference held by Türkiye's Interior Minister Ali Yerlikaya STORYLINE: Turkish police have cracked down on scores of individuals allegedly involved in cryptocurrency trading, the country's new Interior Minister Ali Yerlikaya announced on Tuesday. According to Yerlikaya, more than 4,000 bank accounts were examined and a total of 1.2 billion Turkish liras (51 million U.S. dollars) were found transferred between these accounts. The minister said that 120 suspects were detained in the simultaneous operation covering 37 provinces, adding that the government wou

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Jinko Solar

Photo taken on June 13, 2023 shows Jinko solar Co LTD in Shangrao, East China's Jiangxi Province. During the SNEC2023 International photovoltaic Exhibition, JinkoSolar plans to build a vertically integrated large base project in Shanxi Transformation and comprehensive reform area, including 56GW single crystal rod, 56GW silicon wafers, 56GW high-efficiency batteries and 56GW module integration capacity, with a total investment of about 56 billion yuan.

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Jinko Solar

Photo taken on June 13, 2023 shows Jinko solar Co LTD in Shangrao, East China's Jiangxi Province. During the SNEC2023 International photovoltaic Exhibition, JinkoSolar plans to build a vertically integrated large base project in Shanxi Transformation and comprehensive reform area, including 56GW single crystal rod, 56GW silicon wafers, 56GW high-efficiency batteries and 56GW module integration capacity, with a total investment of about 56 billion yuan.

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Jinko Solar

Photo taken on June 13, 2023 shows Jinko solar Co LTD in Shangrao, East China's Jiangxi Province. During the SNEC2023 International photovoltaic Exhibition, JinkoSolar plans to build a vertically integrated large base project in Shanxi Transformation and comprehensive reform area, including 56GW single crystal rod, 56GW silicon wafers, 56GW high-efficiency batteries and 56GW module integration capacity, with a total investment of about 56 billion yuan.

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Jinko Solar

Photo taken on June 13, 2023 shows Jinko solar Co LTD in Shangrao, East China's Jiangxi Province. During the SNEC2023 International photovoltaic Exhibition, JinkoSolar plans to build a vertically integrated large base project in Shanxi Transformation and comprehensive reform area, including 56GW single crystal rod, 56GW silicon wafers, 56GW high-efficiency batteries and 56GW module integration capacity, with a total investment of about 56 billion yuan.

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Jinko Solar

Photo taken on June 13, 2023 shows Jinko solar Co LTD in Shangrao, East China's Jiangxi Province. During the SNEC2023 International photovoltaic Exhibition, JinkoSolar plans to build a vertically integrated large base project in Shanxi Transformation and comprehensive reform area, including 56GW single crystal rod, 56GW silicon wafers, 56GW high-efficiency batteries and 56GW module integration capacity, with a total investment of about 56 billion yuan.

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Conference held in China's Yunnan to strengthen banking cooperation with Vietnam

STORY: Conference held in China's Yunnan to strengthen banking cooperation with Vietnam DATELINE: May 28, 2023 LENGTH: 0:00:56 LOCATION: HEKOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of the conference and banks in Yunnan 2. SOUNDBITE (Chinese): MA CHAO, Deputy head, Hekou city branch of Agricultural Bank of China STORYLINE: A conference was held in Hekou City, southwest China's Yunnan Province on Thursday to strengthen banking cooperation between China and Vietnam. Representatives from the Yunnan provincial branch of the Agricultural Bank of China and the State Bank of Vietnam reached a consensus on cross-border trade facilitation. SOUNDBITE (Chinese): MA CHAO, Deputy head, Hekou city branch of Agricultural Bank of China "At present, the Yunnan provincial branch of the Agricultural Bank of China has established cooperative relationships with 13 Vietnamese banks. From 2020 to April 2023, the Yunnan provincial branch had completed an international settlement volume of 2.507 billion U.S. dollars with

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Vietnam railway runs through residential areas

HANOI, Vietnam - This photo taken July 22, 2010, shows a railway track running through a residential area in downtown Hanoi. To upgrade the existing train network, the Vietnamese government intends to adopt Japan's bullet train system for a $56 billion project to build a 1,600-kilometer railway linking Hanoi and Ho Chi Minh City.

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NEC to invest 15 bil. yen on cloud computing services by FY 2012

TOKYO, Japan - Nobuhiro Endo, senior vice president of NEC Corp., speaks during a recent interview with Kyodo News in Tokyo. Endo, 56, who will be appointed company president on April 1, 2010, said NEC will invest around 15 billion yen to enhance data centers for cloud computing over a three-year period as it embarks on an ambitious goal for a tenfold increase in net profit by fiscal 2012.

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Shinsei Bank revises up profit estimate on headquarters sale

TOKYO, Japan - The head office building of Shinsei Bank in Tokyo's Chiyoda Ward. Shinsei revised its fiscal 2007 group net profit forecast upward to 65 billion yen on March 13 due to its 56 billion yen one-off gain from the sale of its Tokyo head office building to a Morgan Stanley associate.

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China-South Asia Expo concludes in China's Yunnan

STORY: China-South Asia Expo concludes in China's Yunnan DATELINE: Nov. 24, 2022 LENGTH: 00:01:00 LOCATION: KUNMING, China CATEGORY: ECONOMY/POLITICS SHOTLIST: 1. various of China-South Asia Expo and China Kunming Import and Export Fair STORYLINE: The sixth China-South Asia Exposition and the 26th China Kunming Import and Export Fair have concluded in Kunming, the capital of southwest China's Yunnan Province, with investment deals valued over 400 billion yuan (56 billion U.S. dollars) signed. The value of off-site investment signed during the expo exceeded 200 billion yuan. Themed "New Opportunities for New Development," the four-day session attracted attendants from 80 countries, regions, and international organizations, online and offline. A total of 13 pavilions on green energy, modern agriculture with plateau characteristics, biomedicine and health, advanced manufacturing, and tourism culture, etc., were set up during the expo. Statistics show that since the first expo took place in 2013, 89 countr

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Netherlands turns to coal, renewables as gas usage falls

STORY: Netherlands turns to coal, renewables as gas usage falls DATELINE: Sept. 11, 2022 LENGTH: 00:00:56 LOCATION: HAARLEM, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of solar panels, gas and heaters in Haarlem 2. wind turbines STORYLINE: Companies and consumers in the Netherlands are using less natural gas and turning to coal and renewable energy sources as the country, like many other European countries, suffers from declining natural gas supplies from Russia. "Gas consumption has decreased across the society, from companies to consumers," Peter Hein van Mulligen, chief economist at Statistics Netherlands, told Xinhua. "This will undoubtedly continue for a while, which also has to do with the rising price. Everyone needs gas, so the price goes up and companies are looking for alternatives," he added. Natural gas consumption in the Netherlands amounted to 17.6 billion cubic meters over the first six months of 2022, which is 25 percent less than in the same period last year, according to St

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Türkiye's economy grows 7.6 pct in Q2

STORY: Türkiye's economy grows 7.6 pct in Q2 DATELINE: Sept. 1, 2022 LENGTH: 0:00:56 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1 various of the port, seashore, market STORYLINE: According to the Turkish Statistical Institute on Wednesday, Türkiye's economy grew by 7.6 percent year on year in the second quarter. The country's GDP at current prices increased by 114.6 percent to 3.4 trillion Turkish liras (219.3 billion U.S. dollars) in the April-June period. Trade Minister Mehmet Mus tweeted that half of the growth stemmed from exports of goods and services. Household consumption surged by 22.5 percent compared with the same period last year, while the gross fixed capital formation increased 4.7 percent, and the government consumption spending 2.3 percent. The annual sectoral growth was 7.8 percent in industry and 18.1 percent in services in this period, but construction decreased 10.9 percent, and agriculture, forestry and fishing by 2.9 percent. With this growth, Türkiye became the second f

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Biden signs Democratic bill on tax, health care, climate

STORY: Biden signs Democratic bill on tax, health care, climate DATELINE: Aug. 18, 2022 LENGTH: 00:00:56 LOCATION: Washington D.C. CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of Biden signing the bill 2. various of exterior of the White House STORYLINE: U.S. President Joe Biden on Tuesday signed into law the Inflation Reduction Act, a scaled-down version of the massive "Build Back Better" package he and many Democrats envisioned last year. Touting it as a "historic bill," Biden said at the White House that it will lower costs for American families, combat the climate crisis, reduce the deficit, and finally make the largest corporations pay their fair share in taxes. The bill includes a roughly 400-billion-U.S.-dollar investment in fighting climate change, measures to make prescription drugs more affordable, and a 15-percent minimum tax on most corporations that make more than 1 billion dollars per year. The legislation would generate nearly 300 billion dollars of net revenue over a decade.

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Malaysian PM unveils measures to ease rising food prices

STORY: Malaysian PM unveils measures to ease rising food prices DATELINE: June 23, 2022 LENGTH: 00:01:56 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: various of a shopping mall in Malaysiavarious of street view in Malaysia STORYLINE: Malaysian Prime Minister Ismail Sabri Yaakob unveiled measures on Wednesday, aimed at easing the rising cost of living, as the country copes with increased food prices. Among these is an increase in cash aid for lower-income households, in view of the removal of certain subsidies and ceiling prices including for bottled cooking oil, he said in a televised speech. The prime minister said the government will continue to subsidize cooking oil sold in polymer bags, with 4 billion ringgit (0.9 billion U.S. dollars) set aside for the purpose this year, up from 500 million ringgit in 2020 and 2.2 billion ringgit in 2021. He also said 8.6 million people will be targeted for cash aid to cope with the rising cost of living, amounting to 1.74 billion ringgit which will

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Israel, UAE sign historic free trade agreement

STORY: Israel, UAE sign historic free trade agreement DATELINE: June 1, 2022 LENGTH: 0:01:56 LOCATION: JERUSALEM CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony Israel and the United Arab Emirates STORYLINE: Israel and the United Arab Emirates (UAE) signed on Tuesday a free trade agreement, the first of its kind between Israel and an Arab country. The trade deal, signed by Israeli Minister of Economy Orna Barbivay and her UAE counterpart Abdulla Bin Touq Al-Marri in Dubai, is expected to eliminate tariffs on 96 percent of products, including food, agriculture, cosmetics, medical equipment and medicines, said the Israeli Economy Ministry in a statement. The agreement also covers regulation, government procurement, e-commerce and intellectual property, it said. Trade between Israel and the UAE reached 1.22 billion U.S. dollars in 2021, and already 672 million dollars in the first four months of 2022, according to Israel's Central Bureau of Statistics. The bilateral trade mainly

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Tourism in Spain continues to rebound

STORY: Tourism in Spain continues to rebound DATELINE: May 7, 2022 LENGTH: 0:01:56 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. various of Barcelona 2. SOUNDBITE 1 (Catalan): NARCIS FERRER, Director of the Catalan Tourist Board 3. tourists in the city center and hotels during Easter 4. SOUNDBITE 2 (Catalan): NARCIS FERRER, Director of the Catalan Tourist Board 5. various of tourists STORYLINE: Spain's tourism industry continues to rebound as international tourists are gradually returning. The Frontur border survey showed that over four million foreign visitors came to Spain in March, about 70 percent of the pre-pandemic level. Spending by foreign visitors also went up in March to over five billion euros, or 84 percent of pre-pandemic levels, according to the Egatur survey of tourist expenditure. SOUNDBITE 1 (Catalan): NARCIS FERRER, Director of the Catalan Tourist Board "There's a lot of expectation for what's to come. Right now the signs are very positive. In terms of the figures, 2022 has

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Chinese investment in Cambodia rises in 2021 despite pandemic

STORY: Chinese investment in Cambodia rises in 2021 despite pandemic DATELINE: March 5, 2022 LENGTH: 00:03:56 LOCATION: Phnom Penh CATEGORY: ECONOMY SHOTLIST: 1. various of Chinese commercial building, shop and restaurant in Phnom Penh 2. various of high-rise buildings in Phnom Penh 3. various of passengers arriving at the Phnom Penh international airport STORYLINE: Chinese investment in Cambodia had increased significantly in 2021 despite the negative effect of the COVID-19 pandemic, which truly reflected Chinese investors' trust in Cambodia's business environment, officials and experts said on Friday. Cambodia attracted fixed-asset investment of 2.32 billion U.S. dollars from China last year, up 67 percent from 1.39 billion dollars in the year before, according to a report from the Council for the Development of Cambodia. China remained as the top foreign investor to the Southeast Asian nation, accounting for 53.4 percent of the total investment of 4.35 billion dollars the kingdom approved last y

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Shinsei Bank revises up profit estimate on headquarters sale

TOKYO, Japan - The head office building of Shinsei Bank in Tokyo's Chiyoda Ward. Shinsei revised its fiscal 2007 group net profit forecast upward to 65 billion yen on March 13 due to its 56 billion yen one-off gain from the sale of its Tokyo head office building to a Morgan Stanley associate. (Kyodo)

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Vietnam railway runs through residential areas

HANOI, Vietnam - This photo taken July 22, 2010, shows a railway track running through a residential area in downtown Hanoi. To upgrade the existing train network, the Vietnamese government intends to adopt Japan's bullet train system for a $56 billion project to build a 1,600-kilometer railway linking Hanoi and Ho Chi Minh City. (Kyodo)

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NEC to invest 15 bil. yen on cloud computing services by FY 2012

TOKYO, Japan - Nobuhiro Endo, senior vice president of NEC Corp., speaks during a recent interview with Kyodo News in Tokyo. Endo, 56, who will be appointed company president on April 1, 2010, said NEC will invest around 15 billion yen to enhance data centers for cloud computing over a three-year period as it embarks on an ambitious goal for a tenfold increase in net profit by fiscal 2012. (Kyodo)

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Ex-head of Shinwa bank gets 4-yr jail sentence for loans

TOKYO, Japan - A file photo shows former President Toru Tsujita of Shinwa Bank in Nagasaki Prefecture, who was sentenced by the Tokyo District Court on Feb. 7 to four years in prison for misusing 6.5 billion yen in bank funds. Tsujita, 74, was charged with conspiring to loan money to a Tokyo cosmetic company run by Yoshimasa Soejima, as well as two other companies from July 1993 to June 1995 with the foreknowledge that the money was not likely to be recovered. Soejima, 56, was also sentenced to three years and eight months in prison.