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
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
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
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
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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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
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
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
KUALA LUMPUR: Bursa Malaysia reversed earlier gains to close in negative territory, with the benchmark index falling below the 1,400-psychological mark due to a lack of buying support, said an analyst. Read full storyContinue Reading
The People’s Bank of China participated in the trial from Aug 15 to Sept 23, testing use of digital currencies on four sides of platform. The trial period handled more than 160 cross-border payments and foreign exchange transactions totalling over 150mil yuan (RM96.86mil). Read full storyContinue Reading