The communications minister stated on Thursday( Oct 12 ) that TikTok had not done sufficient to stop slanderous or misleading information in Malaysia. He added that the short video app had even broken a number of unspecified local rules. Minister Fahmi Fadzil stated in a social media communication sent afterContinue Reading
It is crucial to regain trust in the industry. In stark contrast to the planned actions by some classmates, Sunac sweetened the reform deal in June to win more bank help. One of the three options offered by Yuzhou Group may have a cut of about 70 % in August,Continue Reading
TOKYO: The Japanese owner of the international clothing retailer Uniqlo is anticipated to break the record profit set by last year when it releases results on Thursday( Oct 12 ), taking advantage of a recovery in China and the yen’s decline. As business in China, its largest international market withContinue Reading
A pandemic-driven growth has dampened demand for the majority of consumer products due to a global economic slowdown and high interest rates, forcing chipmakers to reduce production in an effort to stop falling prices. However, experts predicted that in the fourth quarter, Samsung’s storage chip business lost about$ 3 trillionContinue Reading
HONG KONG: As the largest private estate developer in China struggles with debt restructuring, Country Garden Holdings expressed concern that it might not be able to fulfill all of its seaward payment obligations on time or within the required grace periods. In a filing on Tuesday, October 10, the companyContinue Reading
HONG KONG: & nbsp, Country Garden issued a warning on Tuesday, October 10, about its inability to fulfill its debt obligations to foreign creditors, potentially joining the growing list of Chinese developers who have filed for bankruptcy and paving the way for one of the nation’s largest debt restructurings. SinceContinue Reading
BEIJING: According to Chinese state broadcaster CCTV, Li Xiaopeng, a former party leader and president of China Everbright Group, was fired from both his position and the Communist Party for serious infractions of the law, including corruption. Li is the most current Chinese financial professional to be found guilty asContinue Reading
As confidence in the cover and investment markets dried up more than two years ago, the turmoil grew worse, further limiting the cash of developers. The industry, which accounts for about 25 % of the second-largest economy in the world, has received a number of aid actions from Beijing inContinue Reading
According to firm Cushman & amp, Wakefield, foreigners have invested more than 1.8 trillion yen in Chinese real estate since 2019, outpacing moves from institutional investors, home funds, and corporations. And more will follow. According to Cushman & amp, Wakefield director Mari Kumagai, money from property speculators has accumulated overContinue Reading
HONG KONG: According to China SCE Group, a syndicated loan default caused by non-payment on Wednesday( Oct 4 ) has prompted the company to look into all of its debt. The Xiamen-based business is the most recent to add a long list of Chinese real estate developers who have startedContinue Reading