[Suzhou Sinoma Signed Technical Contract for Philippine Power Plant]Suzhou Zhongcai Construction Co., Ltd. and Philippines Gufeng Cement Co., Ltd. have signed a technical support contract for the production of a 10MW power plant, providing technical training, operation optimization, management improvement, and other services. The 10 MW power plant of Philippine Gufeng Cement Co., Ltd. was constructed by Suzhou Sinoma General Contracting Company and is located in Shibei, Liya, Philippines. It was put into operation in 2009. This contract signing is a solid step taken by Suzhou Sinoma in exploring the Southeast Asian market and promoting the development of diversified overseas businesses, and is also an important manifestation of continuously deepening cooperation with old customers. Editor/Ma Xue
On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun
The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun