Flooding expanding in central Chiang Mai
2022-10-03
CHIANG MAI: Flooding was expanding in the heart of Chiang Mai as the overflowing Ping River continued to the rise amid persistent rain on Monday.Continue Reading
How IMF turned the world against the British pound
2022-10-03
Everyone from political pundits to people on the street have issued forth on the new UK government’s tax cut-laden growth plan recently. But it was a rare public rebuke from the International Monetary Fund (IMF) that really impacted financial markets. Days after the government made its mini-budget announcement, the IMF warned that “large and untargeted […]
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‘She got an abortion, broke up with me’: The human suffering behind China’s property crisis
2022-10-01
Millions of Chinese are in limbo as cash-strapped developers halt construction. Some of them may have already been touched by tragedy. The programme Insight uncovers their stories.Continue Reading
US extends debt relief to Pakistan after floods
2022-09-30
The rollover relates to the Paris membership agreement in 04 2020 to support 73 lower income countries during COVID-19, under that the US provided comfort on US$128 million in debt to Pakistan. The agreement to postpone payments on that debt, plus an additional US$4 million, has been rolled once again.Continue Reading
Sarawak to set up tribunal to handle strata disputes, says Premier
2022-09-30
KUCHING: Sarawak will set up a new tribunal to handle strata management disputes between house buyers and developers, says Tan Sri Abang Johari Tun Openg. Read full storyContinue Reading
Headline inflation rises to 4.7% in August 2022 – BNM
2022-09-30
KUALA LUMPUR: Headline inflation has increased to 4.7 per cent in August 2022 from 4.4 per cent in July, in line with market expectations, said Bank Negara Malaysia (BNM). Read full storyContinue Reading
British pound debacle worsens Asia’s woes
2022-09-30
TOKYO — When Larry Summers says it’s bad, you know it’s bad. Ex-Treasury Secretary Summers made his bones amid the wreckage of the 1997-98 Asian financial crisis. Summers was a key member of the financial fire brigade tending to — and at times making worse — a blazing meltdown that left big scars. As such, […]
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Temasek to step up investments once market valuations drop further, executive says
2022-09-30
SINGAPORE: Singapore’s Temasek Holdings said that market valuations had not yet priced in a global economic recession and that the state investor was waiting for further declines before stepping up investments. “Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” Temasek’sContinue Reading
To tackle a kimchi crisis, South Korea banks on massive cabbage warehouses
2022-09-30
SEOUL: South Korea’s kimchi makers are in serious pain – brought low as a climate change-induced shortage of cabbages sent prices rocketing this year, exacerbating damage inflicted by cheaper offerings from Chinese competitors. Such is the sense of crisis surrounding the spicy pickled side dish eaten daily by many KoreansContinue Reading
Chao Phraya to surge from Saturday
2022-09-29
People living near waterways in 11 provinces including Bangkok have been warned of a rise of up to 66 centimetres in the Chao Phraya River starting this weekend due to heavy downpours resulting from Storm Noru and the monsoon.Continue Reading