Development projects can have profound impacts on their societies. There are many benefits that flow from building new roads and power plants, and from modernizing agricultural practices. But they can also have permanent negative consequences. For example, communities may be involuntarily relocated to make way for roads or power plants. These projects can change the […]Continue Reading
BEIJING: Profits at industrial firms in China declined 22.9 per cent in the first two months of 2023 from the year before, official data showed on Monday (Mar 27), as the factory sector struggles to claw its way out of the slump caused by COVID-related disruptions. The contraction followed aContinue Reading
A town in the southern Indian state of Kerala is grappling with the consequences of an ageing society.Continue Reading
The Democrat Party on Sunday unveiled its economic team with a promise to inject 1 trillion baht into the country’s financial system to boost the economic recovery.Continue Reading
The Pheu Thai Party has vowed to take charge of all ministries that handle economic affairs to carry out its campaign policies if it is elected to lead the government after the next election.Continue Reading
Police raided four properties and arrested 11 suspects allegedly involved in online gambling websites that cost around 70 million baht in total damages.Continue Reading
Police have arrested 11 suspects in raids on four sites linked to online gambling websites and seized about 70 million baht worth of assets from them.Continue Reading
NEW YORK – The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, […]Continue Reading
Guo Wengui is accused of masterminding a billion-dollar fraud. His followers tell the BBC their stories.Continue Reading
This time last year, few would have heard of Silicon Valley Bank. But the recent collapse of the US bank has raised the spectre of the Lehman Brothers meltdown, sparking fears of a banking crisis. CNA’s Steven Chia drills down on some financial basics.Continue Reading