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U.S. markets recover from steep losses
SEOUL, June 21 (UPI) -- South Korea-based technology giant Samsung Electronics is considering building a manufacturing facility in the Philippines, officials said.
"As far as I know, Samsung Electronics and the Philippine government are talking about the plan. However, some technical issues still remain before a final decision," a source at Samsung told The Korea Times.
The source said the company would "announce via a regulatory filing if any concrete decision comes out," the newspaper reported.
Philippine government officials have been talking with Samsung about constructing a plant to make integrated circuitry for chips in the Clark Special Economic Zone north of Manila in the Philippines, the report said.
The Samsung source said the company has "strong interest" in building a plant in the Philippines, but reports have been "a bit exaggerated."
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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