The Mainland China share market finished higher for second consecutive session on Tuesday, 01 June 2021, after a private report showed Chinese manufacturing expanded in May.
The Caixin China PMI Manufacturing Index rose to 52 in May from 51.9 for the previous month, signifying the nation s industrial companies were in expansion mode. The report, which surveys smaller enterprises, contrasted with a slight drop in activity in an official manufacturing gauge published by the National Bureau of Statistics a day earlier.
At closing bell, the benchmark Shanghai Composite Index advanced 0.26%, or 9.24 points, to 3,624.71. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.41%, or 9.82 points, to 2,429.57. The blue-chip CSI300 index added 0.2%, or 10.11 points, to 5,341.68.
POWER Digest [May 2021]
Uzbekistan Wind Farm Project Expanding.
Masdar, a global renewable energy company, has signed an agreement with Uzbekistan’s government to extend the capacity of its utility-scale wind farm project in the country up to 1.5 GW. H.E. Sardor Umurzakov, deputy prime minister and minister of Investments and Foreign Trade for Uzbekistan, said at an April ceremony marking the agreement, “Mobilization of renewable energy potential in Uzbekistan would provide a significant contribution to sustainable economic growth and fighting climate change. Along with that, the expansion of clean power generation capacities by Masdar will support our objective to double the volume of electricity generation by 2030. Masdar will become a strong bridge connecting our countries, through which new Emirati companies will also invest in Uzbekistan.” Masdar in 2020 entered into bilateral agreements with Uzbekistan officials to develop, build, and operate a 500-MW wind farm project,
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Usually when an alleged surname is combined with a design, the
Office will approve the mark for publication. Not this time. The
Board affirmed a Section 2(e)(4) refusal of the word-and-design
mark shown below, for firearms and related goods. The panel
majority found that the additional geographically descriptive
term US and the plain diamond background do not remove the primary
surname significance. Judge Bergsman dissented, opining that [t]he Board should restrict the application of what is primarily a surname to trademarks that consist of a mark
By Eng. D. Godage
The Colombo Port East Container Terminal, ECT, is hot topic, being an important economic nerve centre essential to the country but getting involved as a pawn in geopolitics. Opinion by I. P. C. Mendis in
The Island (27.01.2021) prompted to clarify some of the matters and expose true facts.
ECT will neither be sold nor leased; it will be developed through investment from an Indian party and others by giving out 49 per cent share to them while keeping 51 per cent share with the Ports Authority. This is the government stance. Public awareness exists on Build Operate Transfer (BOT) agreements in the port with two terminals operating under this method. Land and sea area are leased to the relevant party by a lease agreement for a specified period, 35 years in both, and the private party invests to develop the terminal. So investment is an essential part in those agreements. But presently announced terminology creates confusion.
ECT: A toss between confrontation and compromise! island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.