Designers let Chinese farmers pay for homes with watermelons

BEIJING:   Struggling developers in China have started taking payment intended for homes in watermelons, peaches and other farming produce, state media reported Sunday (Jul 3), as they attempt to lure buyers deterred by a property marketplace slump. China’s housing market continues to be hit by a decreasing economy andContinue Reading

Indonesia and United Arabic Emirates reach trade pact

ABU DHABI: Indonesia and the Usa Arab Emirates on Friday (Jul 1) signed a free business agreement, strengthening economic ties between Southeast Asia’s largest economy and the major essential oil producing Gulf state. The accord, reached throughout a visit by Indonesian President Joko Widodo to Abu Dhabi, will remove orContinue Reading

Sri Lanka makes progress in the direction of IMF credit service: IMF

COLOMBO: The particular International Monetary Account reported constructive discussions with Sri Lankan authorities on Thursday night (Jun 30), increasing hopes it could quickly grant preliminary authorization for a credit service to alleviate a crisis in which the country is fighting to pay for imports. “The discussions will continue practically withContinue Reading

Sri Lanka hikes fuel costs as US delegation arrives

US ASSESSES CRISIS A delegation from the US Treasury and the State Department came for talks to “explore the most effective ways for that US to support Sri Lankans in need”, the US embassy within Colombo said. “As Sri Lankans endure some of the greatest financial challenges in their background,Continue Reading