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

  • China Tech Industry Will Fuel Country's Economic Boost
    Qingdao
    Based on latest statistics, it was revealed that Chinese engineers have been working hard when compared to their American counterparts. Because of this dedication to work, many believe that America’s tech haven, Silicon Valley, will soon be overtaken by China’s tech sanctuary.
  • Alibaba CEO Jack Ma Secretly Reduces Control Over Business Licenses
    Alibaba CEO Jack Ma
    The Chinese tech giant Alibaba have recently shocked the technology and business industry following the announcement of its founder and executive chairman Jack Ma. Mr. Ma recently announced that he is reducing his control over Alibaba’s licenses which are vital in running some of the company’s core businesses. What is even more shocking was Mr. Ma’s announcement that he is stepping down from his post next year.
  • China - U.K Improves Fashion Industry Ties
    British Fashion Show
    China has found a new trade partner in the form of the British Fashion Council. The new China Partnership Strategy recently confirmed an improved partnership with the British fashion sector. This new partnership will bring together partners and investors covering several sectors including licensing, investment, communications, property, manufacturing, and retail. These Chinese sectors are expected to lend support to various British fashion designers.
  • Mine Clearing Operation Commences in Korean DMZ
    Joint Security Area
    As military tensions start to cool off between the North and South Korea, the two countries have recently decided to start removing mines from the Demilitarized Zone (DMZ) which splits the two countries. Troops from both the North and South Korean armies have started removing mines on the heavily defended border on Monday. This news was confirmed by South Korea’s defense minister who added that the initiative is part of a pact in order to reduce tension and build trust between the two Koreas.
  • China Manufacturing Sector Suffers as Trade War Deepens
    Shipping containers are stacked at the Paul W. Conley Container Terminal in Boston
    Recently gathered data revealed that China’s manufacturing industry has somewhat slowdown for the month of September. Many observers believe that one of the main reasons of China’s manufacturing slowdown is brought upon by its bitter trade war against the United States.
  • Ford Rouge Complex in Dearborn Hits Centennial Milestone
    Ford Rouge Complex
    Throughout the years, the Ford branding has been synonymous with the motoring industry. It is only fitting as the company is one of the earliest pioneer of said industry. Recently, the company’s Rouge plant located in Dearborn, Michigan celebrated its 100 years of production, a monumental feat that none can rival.
  • Ahead of National Day, President Xi Inspects Troops
    Chinese President Xi Jinping Says Trade War Forcing China to Rely on Itself, but 'It's Not a Bad Thing'
    Chinese President Xi Jinping have recently inspected his troops ahead of the celebration of China’s National Day. President Xi also highlighted the need to strengthen the training of the army, as well as its preparedness of the military.
  • Porsche 935 Test Drives at Monza
    FILE PHOTO: A Porsche 911 is seen at the Porsche factory in Stuttgart-Zuffenhausen, Germany, January 26, 2018
    Widely considered as one of Porsche’s most elusive car models, the Porsche 935 was recently seen been test driven at Monza in Italy. The Porsche 935 sported an all-black matte color which added to the beast’s surreptitious façade.
  • Tesla CEO, SEC Reaches Settlement
    Tesla CEO Elon Musk
    The United States Securities and Exchange Commission recently confirmed that the institution have settled the fraud charges against Elon Musk, Tesla’s controversial Chief Executive Officer. Additionally, SEC’s settlement requirement calls for the installation of a new chairman whose main task is to oversee Mr. Musk’s actions and decisions. Nevertheless, Mr. Musk will retain his position as chief executive officer of one of the world’s biggest tech giants.
  • China's Unmanned Submarines Now Under Development
    Chinese Kilo Submarine
    Submarines are widely regarded as one of the ocean’s top military predator thanks to its various underwater capabilities. Radar, Sonar, and other detection mechanisms have, in the past, been proved futile against submarines. However, the Chinese military have recently stated that they may soon be able to implement a new weapon system that can efficiently detect and destroy enemy submarines.
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