BANGKOK: Instant noodle makers asked Thailand on Monday (Aug 15) to allow them to charge more for their products to meet rising costs, potentially paving the way for the first price hike in the staple for 14 years. The prices of instant noodles and other staples are controlled under ThaiContinue Reading
Several cities will see temperatures of 42 degree Celsius this week, said the China Meteorological Administration, which has issued a high-temperature alert for four consecutive days since Aug 11. The move by a province that produces about half the country’s lithium, used in electric vehicle batteries, is expected to pushContinue Reading
“OUR HEARTS ARE COLD” The “crisis of confidence” in China’s housing market points to structural imperfections, said Andrew Batson of Gavekal Dragonomics in a recent survey. Because of their large reliance on promoting apartments in advance, designers pursued business models that exposed buyers to the risk of not getting theirContinue Reading
China has shortened the suspension time meant for inbound international plane tickets on routes discovered to have COVID-19 instances starting on Sunday (Aug 7). The nation’s aviation regulator stated in a statement upon Sunday that flights on a route having an identified coronavirus case will be suspended for one weekContinue Reading
COLOMBO: Sri Lanka is considering a restructure of nearby and sovereign debt , President Ranil Wickremesinghe said on Friday (Aug 5), as the island country battles its worst financial crisis in its 3rd party history. The country is due to restart bailout talks with the International Monetary Account (IMF) inContinue Reading
Mr Ranil Wickremesinghe has called for national unity. They have also pledged to ease people’s suffering and restructure the country’s debt.Continue Reading
JAKARTA: Indonesia temporarily opened access to online payment firm PayPal to allow users to access their money, a mature official said upon Sunday (Jul 31), after the country’s blocking of some online services and games sparked an outcry . The particular Indonesian communication ministry on Saturday blocked PayPal, search engineContinue Reading
JAKARTA: Indonesia has clogged search engine website Yahoo, payments firm PayPal and several gaming web sites due to failure to adhere to licensing rules , an official said upon Saturday (Jul 30), sparking a repercussion on social media. Registration is necessary under rules released in late November 2020 and willContinue Reading
Mr Ungkool’s shop opened in late 2021, during which the particular lifting of COVID-19 restrictions was already in progress. Thailand’s most important staple is rice but instant noodles are an essential kitchen item for many resulting from cost. “They identified in Thai society for a long time. It’s a buddyContinue Reading
HONG KONG: Tiongkok Evergrande Group will offer you asset packages that could include shares in its two overseas-listed companies as a sweetener with regard to restructuring offshore financial debt, the developer stated, as a stifling liquidity crisis in the residence sector continues. Evergrande’s restructuring proposal came on Friday (Jul 29)Continue Reading