Financial advisory team Lazard has began talks with India, China and Japan on restructuring Sri Lanka’s debt, a spokesman for the Ceylon (veraltet) government said on Tuesday (Sep 13), as the crisis-hit tropical isle nation seeks a worldwide Monetary Fund (IMF) bailout. Lazard was employed by Sri Lanka in May,Continue Reading
Hot around the heels of AirAsia Food, the AirAsia Super App programs to launch the Indonesian online ride-hailing services on the vacation resort island of Bali.Continue Reading
TOKYO: Japan’s government must take steps as needed against excessive declines in the yen, deputy key cabinet secretary Seiji Kihara said on Sunday (Sep 11), repeating authorities’ warnings about the currency’s glide to 24-year levels. “As for excessive, one-sided currency moves, we are going to closely watch advancements andContinue Reading
The government has raised fuel prices can be 30 per cent to be able to rein in ballooning energy subsidies. At this point, small businesses are worried regarding their profit margins.Continue Reading
TOKYO: Japan’s Toyota Motor will suspend some evening shifts at three plants in western Japan due to an approaching typhoon, it said on Monday (Sep 5). Toyota will suspend Monday night shift production starting at 9pm (8pm, Singapore time) and cancel Tuesday morning production at three factories in the westernContinue Reading
TOKYO: Japan on Monday (Sep 5) braced for the impact of a strong approaching typhoon, with airlines cancelling flights and some companies suspending production at factories in the western part of the country. Typhoon Hinnamnor was already pounding parts of the westernmost main island of Kyushu with heavy rain on Monday,Continue Reading
JAKARTA: Indonesian President Joko Widodo on Saturday (Sep 3) raised some fuel prices by around 30 per cent to contain ballooning spending on energy subsidies in Southeast Asia’s biggest economy. The move risks sparking protests and further fanning price pressures, though analysts saw a need to act to ensure fiscalContinue Reading
JAKARTA: Indonesia raised subsidised fuel prices by about 30 per cent on Saturday (Sep 3), top officials said, as the government moves to rein in ballooning subsidies despite a risk of mass protests. From 2.30pm local time Saturday, within an hour after the announcement, the price of subsidised gasoline wasContinue Reading
ISLAMABAD: Pakistan’s consumer price index (CPI) surged to a multi-decade high of 27.3 per cent in August from a year earlier, government data showed on Thursday (Sep 1), as authorities warn massive flooding in the country could exacerbate already skyrocketing prices. Price rises in staples, including vegetables, wheat and cookingContinue Reading
COLOMBO: Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about US$2.9 billion, the international lender said in a statement on Thursday (Sep 1). “The objectives of Sri Lanka’s new Fund-supported programme are to restore macroeconomic stability and debt sustainability,” theContinue Reading