COLOMBO: Sri Lanka’s president is placed to slash expenses when he offers an interim spending budget on Tuesday (Aug 30) to see the crisis-ridden country through the rest of the year, amid discussions using the International Monetary Finance on the bailout package. The tourism-dependent nation of 22 million is facingContinue Reading
KUALA LUMPUR: United Malays National Organisation (UMNO) president Ahmad Zahid Hamidi claimed on Mon (Aug 29) of the fact that corruption charges towards Barisan Nasional (BN) politicians after the fourteenth general election ended up politically motivated. He said this in the Elevated Court during re-examination by his law firm inContinue Reading
TOKYO: Olympus Corp said on Monday (Aug 29) this had agreed to sell its microscope device to private equity company Bain Capital intended for 427. 6 billion yen (US$3. 1 billion), in what will be the Japanese company’s biggest divestment yet. The sale of the unit, which also makes industrialContinue Reading
SUKKUR: An enormous relief operation had been under way upon Monday (Aug 29) and international aid began trickling in as Pakistan struggled to deal with monsoon water damage that has affected a lot more than 33 million individuals. Authorities said 1, 061 people have died considering that June when theContinue Reading
TOKYO: Japanese automaker Honda Motor plans to setup a new lithium-ion battery pack plant for electric powered vehicles in the United States along with Korean battery supplier LG Energy Option, the Nikkei company daily reported upon Monday (Aug 29). Electric battery makers are looking to increase production in the USContinue Reading
BEIJING: A southwestern part of China which has experienced scorching temperatures this month is now on alert for flooding among days of torrential rainfall. Downpours in the sprawling production hub of Chongqing and nearby regions of Sichuan province follow severe power shortages in the same localities caused by large useContinue Reading
SINGAPORE: Cina Petroleum and Chemical substance Corp said upon Monday (Aug 29) it expects second-half refinery throughput to become flat versus the initial half with yearly processing volume regarding 2022 down 6 per cent versus 2021, after the country’s COVID-19 measures hit gasoline demand at home. The company, better knownContinue Reading
BEIJING: Profit at China’s state-owned firms dropped 2 . 1 % to 2 . 68 trillion yuan (US$387. 54 billion) in the first seven a few months of the year compared to same period this past year, the Ministry of Finance said. That combined a 2 . 1 per centContinue Reading
As a brand new wave of protests hits Bangkok’s roads, a Thai court hopes to appease the masses.
The submit Active supporters and workers say Thai Perfect Minister’ s suspension is a tool to purchase time appeared first upon Southeast Asia Globe .
BENGALURU: India likely recorded strong double-digit financial growth in the last one fourth but economists polled by Reuters anticipated the pace in order to more than halve this quarter and slow further toward the conclusion of the year because interest rates rise. Asia’s third-largest economy is grappling with persistently higherContinue Reading