Dozens weigh bids for Evergrande’s Hong Kong headquarters
Lenders to the office tower appointed receiver Alvarez and Marsal in September to seize the asset, filings at Hong Kong’s Companies Registry and Land Registry showed, as the world’s most indebted developer struggles to emerge from its debt crisis. The tower had been pledged for a HK$7.6 billion loan fromContinue Reading
UOB Malaysia launches digital banking platform for SMEs
To provide solutions for financing needs via desktop, mobile
Developed based on Asean SME Transformation Study 2022Â UOB Malaysia has announced the launch of the UOB SME app, an all-in-one digital banking platform to meet the financial needs and other business requirements of small- and medium-sized enterprises (SMEs).
In a statement, the bank…Continue Reading
Iranian women’s resilient fight for rights inspires hope
A month has rolled by since the outburst of nationwide protests over the death of the 22-year-old Iranian-Kurdish woman Mahsa Amini arrested by Iran’s morality police for what the authorities argued was her “inappropriate hijab,” a movement that soon ballooned into a broader social revolt characterized by the centrality of women demanding freedom and equal […]Continue Reading
Buildings collapse in rain-soaked Phuket
PHUKET: Two two-storey buildings were damaged when one subsided and collapsed onto the other, on rain-soaked sloping terrain in Muang district late on Thursday night.Continue Reading
Take heed: Doom headed for an economy near you
TOKYO – You wouldn’t expect an economist whose upcoming book is titled MegaThreats: Ten Dangerous Trends That Imperil Our Future to offer reassurances about the road ahead. But these days, Nouriel Roubini is outdoing himself.
The New York University economist has long been known as “Dr Doom,” but his new warnings about a global reckoning worse than the 1970s – that World War III “has already started” with Russia’s Ukraine invasion and that colossal landmines could detonate under the existing US-China tensions over Taiwan – might spur a new round of bunker-digging.
“Right now, we are facing major mega threats: economic, monetary, financial, social, political, geopolitical, health, trade,” Roubini warns in his text. “Unless we address them, we are headed towards disaster.”
Jail, caning for man who followed woman to car park where he tried to carry her off
SINGAPORE: A man followed a stranger he saw on a train, alighting at her stop and following closely behind her before attempting to carry her to a corner of a car park to express his feelings. Tran Xuan Bang, 22, was sentenced to two years’ jail and three strokes ofContinue Reading
‘Robbing women’: Japan’s sperm donation law spurs controversy
TOKYO: Satoko Nagamura and her girlfriend conceived their son with donated sperm, but new legislation in Japan could effectively outlaw the procedure for lesbian couples and single women. For decades, anonymous sperm donation has existed in a legal grey zone in Japan, with no law explicitly prohibiting it, but noContinue Reading
Booker prize goes to Sri Lankan political satire
Sri Lankan novelist Shehan Karunatilaka has won the 2022 Booker Prize for his second novel, The Seven Moons of Maali Almeida. The win couldn’t come at a better time for Sri Lanka, a country once more engaged in political and economic instability, as it suffers through one of the world’s worst economic crises, with soaring […]Continue Reading
No toll on three expressways this Sunday
Toll fees will be waived on three expressways on Sunday, which is Chulalongkorn Memorial Day, to speed the movement of traffic during the three-day weekend.Continue Reading
Biden’s China policy traces Cold War mental map
Within days of each other, revealing portraits of the United States and China have been unveiled. In Washington, the Biden administration released its national security strategy. It says much about American psychology at a critical juncture. And Beijing witnessed the opening of the 20th Party Congress on October 16 and now ongoing that will see Xi Jinping confirmed […]Continue Reading