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Top related persons:
Yadea - 1 Tereso Panga - 1 Panga - 1 Neil Jerome Morales - 1 Martin Petty - 1
Top related locs:
MANILA Philippines China Vietnam Batangas Manila Thailand Indonesia
Top related orgs:
Yadea - 1 Holdings - 1 HK - 1 Economic Zone Authority - 1 ASEAN Automotive Federation - 1 Thomson - 1

Search resuls for: "Economic Zone Authority"


2 mentions found


☆ Philippines says China's Yadea to invest $1 bln in e-motorcycle plant
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
MANILA, June 15 (Reuters) - China's Yadea Group Holdings (1585.HK), one of the world's biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in an e-motorcycle factory in the Philippines, the country's investment promotions agency chief said on Thursday. Yadea is one of a several electric vehicle (EV) manufacturers looking at the Southeast Asian nation for expansion of their manufacturing sites, Tereso Panga, director-general of government-run Philippine Economic Zone Authority (PEZA), told reporters. The Philippines is also touting its abundance of nickel, copper and cobalt, which are key raw materials for the EV industry. American and British electric vehicle firms are also scouting for battery and e-motorcycle manufacturing sites, Panga said. PEZA targets a 10% increase in investment approvals this year from 140.7 billion pesos ($2.51 billion) in 2022.
Persons: Yadea, Tereso Panga, Panga, Neil Jerome Morales, Martin Petty Organizations: Yadea, Holdings, HK, Economic Zone Authority, ASEAN Automotive Federation, Thomson Locations: MANILA, Philippines, China, Vietnam, Batangas, Manila, Thailand, Indonesia, British
☆ Fact Check-Underwater photograph of plane shows a diving site, not MH370 wreckage
  + stars: | 2023-05-08 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +2 min
A photograph of an aircraft sunk in the Red Sea, off the coast of Jordan, to create an artificial diving site has been mislabeled by users as showing the submerged remains of Malaysian Airlines flight MH370, which mysteriously disappeared in 2014. However, the photo is a screenshot from a video posted by scuba diving company Deep Blue Dive Center in Aqaba, Jordan (here) showing a Lockheed L-1011 TriStar aircraft with the caption: "Tristar Airplane Wreck Red Sea, Aqaba JO”. The Aqaba Special Economic Zone Authority (ASEZA), which owns the aircraft, did not immediately respond to a Reuters request for comment. The Malaysian Airlines flight en route to Beijing went missing over the Indian Ocean after taking off from Kuala Lumpur on March 8, 2014. The photograph shows an airplane hull in the Red Sea used as a diving spot, not the wreckage of the lost flight MH370 aircraft.
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