Phenny Lynn Palec

Phenny Lynn Palec
Writer
Phenny Lynn Palec finished her Bachelors degree in Journalism in 2007. She has worked for online news publication for years. Phenny now is an economy news writer for Business Times.

The Latest

  • Fluor Corporation Recieves Engineering News-Record Award
    Fluor Petrochemicals
    Multinational engineering and construction firm Flour recently confirmed that the company’s BSAF automotive coating plant in China received an Award of Merit during the 2018 Global Best Projects Awards. The award was bestowed by the Engineering News-Record magazine. The project was recognized under the Power/Industrial category and it was completed safely, under budget, and on time.
  • Germany Sees Rise in Chinese Firm Acquisition
    Chinese Robots
    One of the flagship program of President Xi Jinping is China 2025, an initiative that aims to put China on top of the food chain when it comes to the technology and industry sectors. As such, the initiative have prompted several Chinese firms to start expanding their operations and portfolio internationally instead of just focusing on the local market.
  • Germany Shows Concern Over China's Economic Boom
    COSCO and China Shipping
    With China’s unprecedented economic boom, Germany is insisting that the European Union should make necessary economic amendments in order to maintain the world’s trade balance. With the continuing improvement of China’s economy, many are expecting the Asian superpower to take the reign of global trade within the years to come.
  • China Bests U.S. in Startup Investments
    Anbang Insurance Group
    For the first time in history, China has overtaken the United States in terms of funding for start-up companies. The data was recently released by Goldman Sachs and it revealed that China-based companies have accumulated more than $30 billion in venture capital for the second quarter of the year. In contrast, the United States was able to attract $27.2 billion.
  • L'Oreal Works With Tmall For China Expansion
    Paris Fashion Week
    With China’s massive untapped market, several international companies are starting to grab whatever they can into this lucrative market with a lot of potential. The latest to do so is French personal care company L’Oreal which recently struck a deal with Tmall, the online retail platform of Chinese tech giant Alibaba.
  • Top Textile Industry Leader Eyes Bulgaria as next Investment Haven
    Textile industry
    Chinese Orient International considers investing in the textile industry of Bulgaria. Desislava Doncheva, the chairman of the Bulgarian-Chinese Chamber of Industrial Development, confirmed that the interest of the company in investing in the country is shown by the organization of the Bulgarian-Chinese Forum “Innovations in the Textile Industry” in Bulgaria.
  • Trade War Will Not Affect China's Economy
    COSCO and China Shipping
    China’s economy continues to rise ahead of others at a slow and stable pace and it created opportunities for countries around the world. The countries manufacturing purchasing manager’s index (PMI) was reported at 50.8 in September.
  • Russia-India in Final Stages of $5 Billion Missile Defense Deal
    S-400 Missile System
    Recent reports have confirmed that Russia and India are finalizing the finer details of a deal that is worth more than $5 billion. The deal involves the delivery of the Russian S-400 missile systems to New Delhi, the capital of India.
  • China-U.S. Summit Highlights Sunstone Management Head Speech
    A worker places U.S. and China flags near the Forbidden City ahead of a visit by U.S. President Donald Trump to Beijing, in Beijing
    John Shen, Sunstone Management founder, delivered a speech discussing international economics and business during the China-Us Summit 2018 on Saturday, September 29. The summit was held in Duke University, in Durham.
  • Chinese Search Company Offers Helping Hand to Google
    Google China
    Recent reports revealed that the American tech giant Google have found an unlikely ally in the company’s bid to return to one of the world biggest tech market, China. The Chinese search company Sogou recently said that it is willing to lend a helping hand towards Google as the latter plans to launch a censored search engine in China. The project dubbed “Dragonfly” have been in the works for quite some time already, and reports have revealed that Google is keen into implementing it.
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