For a moment, Lim Wee Chai’s ascent looked unstoppable. His Top Glove grew larger than Malaysia’s banks, telecommunication firms and even the particular state-owned electricity business during the COVID-19 pandemic. Its share price soared 450 per cent through the first seven months of 2020 , leaving high-flyers like Moderna, FocusContinue Reading
SHANGHAI: A woman who had been injured on Weekend (Jul 12) when a protest by approximately 1, 000 financial institution customers in main China was strongly broken up by protection personnel said the lady continues to face nuisance. Nevertheless bearing bruises from kicks to her front and back, the 32-year-oldContinue Reading
SINGAPORE: Temasek Holdings on Tuesday (Jul 12) reported a record internet portfolio value that crossed S$400 billion dollars for the first time, while forecasting a slower purchase pace ahead. In the monetary year ended Scar 31, its internet portfolio was appreciated at S$403 billion, an increase of S$22 billion fromContinue Reading
Financial regulators in Henan said “advance payments” will be made in batches from this Friday.Continue Reading
BEIJING: Customers of rural Chinese banks whose withdrawals have been frozen will begin to get some of their money back on Friday (Jul 15), regulators said, after depositors clashed with authorities at a rare protest over the weekend. China’s rural banking sector has been hit hard by Beijing’s efforts toContinue Reading
BEIJING: Users of a “criminal gang” accused of getting control of local banking institutions have been arrested in central China after rare protests more than alleged financial problem sparked violent clashes between customers plus authorities. China’s rural financial sector has been strike hard by Beijing’s efforts to rein in aContinue Reading
Many in Cina turned up in protest after their banking institutions froze 39 billion yuan ($5. 8bn; £4. 9bn) within funds.Continue Reading
Oriental companies are likely to find it harder to refinance dollar-denominated debt, the decline in an important metric suggests, with all the currency at a two-decade high and a latest surge in inflation forcing central banks to raise interest rates. The interest coverage ratio of these businesses – a measureContinue Reading
Zhang said he had already been hoping to retrieve about 170, 000 yuan (US$25, 000) deposited with one of the banking institutions, the Zhecheng Huanghuai Community Bank. Zhang stated he had suffered accidental injuries to his feet and thumb, and was taken away simply by four unidentified protection personnel atContinue Reading
“I has been thinking that it wouldn’t last long, but no matter what, we had to start anyhow. Let’s give it a try . We were amazed, there have been lots of people on the initial day, more than three hundred, ” recalled Dr Shakya. “I don’t keep in mindContinue Reading