The FAW Group plans to manufacture 100 Hongqi Flagship sedans this year. The new pickup is based on the original Dongfeng EQ1030 light truck. It mainly targets at buyers in rural areas. Sdn Bhd, CNLT chairman, M Thapar said that CNLT had formed a joint venture company to tap the emerging area of Mobile Enabling of Information. To beef up its financial and business news content, Lycos Asia, one of the leading Internet search engines and information portals, has forged a strategic business alliance with Bridge Information Systems.
Bridge ranks among the largest financial news providers in the world.
The new oil find could result in the production of 20,000 to 25,000 barrels of oil a day by mid-2001, and a potential of 50,000 barrels a day by 2003, he told a news briefing. Shell Philippines Exploration BV , the operator of the Malampaya Deep Water Gas project, made the discovery. The government, through the Philippine National Oil Co, holds a 10 percent stake in the project. SPEX and US-based Texaco each hold 45 percent stakes. The portal will list around 1,000 companies and serve as a promotion center for Indonesian textile and garment producers and a facility for online business both in the domestic and international markets.