China issues draft rules to regulate financial holding companies’ related transactions
SHANGHAI: China’s central bank issued draft rules on Tuesday (Aug 30) to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by genuine businesses and be priced fairly, the People’s Bank of China said in a statement. In addition, the transactions shouldContinue Reading
CNA Explains: Repealing a law and amending the Constitution
The Government will repeal Section 377A of the Penal Program code and amend the particular Constitution of Singapore to protect the definition associated with marriage from becoming challenged constitutionally in the courts. What does this method entail? And how lengthy will it take?Continue Reading
Solomon Islands to ban US navy ships from ports: US embassy
SYDNEY: The particular Solomon Islands government has told the United States that it will create a moratorium on navy blue vessels entering the ports, the US charge in Canberra mentioned on Tuesday (Aug 30). The notice comes after an incident last Wednesday any time an US Coast Guard vessel, theContinue Reading
Solomon Islands to ban all navy ships from ports until new process in place
Earlier, the United States embassy in Canberra, the Australian capital, had said the Solomon Islands had notified it of a moratorium on navy vessels entering its ports. “On Aug 29, the United States received formal notification from the government of Solomon Islands regarding a moratorium on all naval visits, pendingContinue Reading
Prawit chairs first cabinet meeting, PM’s seat left empty
Deputy Excellent Minister and caretaker prime minister Prawit Wongsuwon chaired his first weekly cabinet meeting on Tuesday, but the prime minister’s seat normally busy by Prayut Chan-o-cha was left clear in his honour.Continue Reading
What Powell could learn from Rhee
TOKYO – As US Federal Reserve Chairman Jerome Powell rocks and roils global markets, he may have an unlikely but pivotal ally in Seoul.
Markets everywhere are still quaking over Powell’s August 26 speech in Jackson Hole, Wyoming, where he warned that higher interest rates will cause “some pain” and that the Fed’s tightening cycle may persist “for some time.”
Yet Bank of Korea Governor Rhee Chang-yong seems less shaken than most. That’s an intriguing crouch given how the Fed’s last big rate-hike campaign in 1994 and 1995 devastated South Korea’s economy, along with those of Indonesia and Thailand.
But Korea’s economy has changed radically since the 1997-98 Asian Financial Crisis. And more recently, the BOK has accepted inflationary realities and utilized its brake pedal well before the Fed decided to act.
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Little Leaguer Easton Oliverson is heading home to Utah to continue recovering from critical skull injury
Little League participant Easton Oliverson is making his way back to Utah on Tuesday after “fighting for his life” following a fall from a bunk bed two weeks ago which remaining him with a head fracture and necessary him to be airlifted to a hospital, based on an Instagram account created to provide updates on his recovery.Continue Reading
Malaysia's economic growth projection for 2022 can be achieved, says PM
PUTRAJAYA: Prime Ressortchef (umgangssprachlich) Datuk Seri Ismail Sabri Yaakob is certainly confident that the country’s economic growth output of between 5. 3% and six. 3% this year can be achieved. Read through full story Continue Reading
CTOS, PropertyGuru sign MOU to advance proptech innovation
Wll leverage both partiesâ solutions to address property sectorâs needsTo promote understanding of credit wellness & real estate investment CTOS Data Systems Sdn Bhd, the particular wholly owned subsidiary of CTOS Electronic Berhad, has signed a memorandum associated with understanding (MoU) with PropertyGuru Group to collaborate on advancements in property-related technologies…Continue Reading
Parched UAE turns to science to squeeze more rainfall from clouds
ABU DHABI: As a twin-turboprop aircraft takes off under the burning up desert sun along with dozens of salt storage containers attached to its wings, United Arab Emirates meteorological official Abullah al-Hammadi scans weather maps on computers screens for cloud formations. At 9, 500 feet above ocean level, the planeContinue Reading