TOKYO: Western companies are temporarily shutting offices or hanging production as they battle a record wave associated with COVID-19, disrupting companies in a country that has until now weathered the particular pandemic better than most advanced economies. Automakers Toyota Motor Corp plus Daihatsu Motor Company last week halted productionContinue Reading
JAKARTA: Indonesia’s economic growth accelerated in the April to June quarter amid an foreign trade boom driven simply by rising commodity costs, official data showed on Friday (Aug 5), but monetary tightening, rising inflation and a global economic downturn risk threaten the outlook. Second-quarter gross domestic product (GDP) had beenContinue Reading
JAKARTA: ALL OF US payments firm PayPal has registered being an electronic systems operator in Indonesia and its particular customers can now gain access to its services, the organization said on Wednesday (Aug 3). PayPal has been one of several websites that will Indonesia blocked on the weekend because ofContinue Reading
JAKARTA: Indonesia’s inflation accelerated to the highest in seven years at four. 94 per cent in July, more than anticipated and well over the central bank’s target range, but core inflation continued to be within target, established data showed on Monday (Aug 1). The July inflation rate was the highestContinue Reading
HONG KONG: China Evergrande Group said on Friday (Jul 29) that it can arrange asset deals that may include equity in its two just offshore listed units as being a sweetener for updated offshore debt. The two outlined units are Evergrande Property Services Group Ltd and electrical vehicle maker CinaContinue Reading
Xia Haijun was highly valued at the programmer before everything unravelled with his involvement within arranging undisclosed mortgage guarantees.Continue Reading
While analysts expect stronger demand regarding iPhones than with regard to other smartphones, Apple company announced discounts within China this week, the move it sometimes makes when sales are slow. Tech and auto firms with factories in China and taiwan have faced business disruptions in the tour’s second-largest economy dueContinue Reading
China can help property developers simply by issuing 1 trillion yuan (US$148. two billion) in loans for stalled developments, the Financial Times said on Thurs (Jul 28), because it tries to revive the particular debt-stricken sector. A key pillar of the world’s second-largest economy, China’s house sector has been lurchingContinue Reading
DHAKA: Bangladesh offers asked the Worldwide Monetary Fund (IMF) to start negotiations for a loan, the financial minister told the Prothom Alo paper, while adding the fact that economy was “no way in trouble”. Minister AHM Mustafa Kamal said he did not specify any amount in a letter he sentContinue Reading
HK: Hong Kong private house prices fell in a faster pace in June and decreased to the lowest considering that December 2020, public data showed upon Wednesday (Jul 27) as home purchasers stayed on the sidelines due to an unsure outlook and increasing interest rates. Home prices with the world’sContinue Reading