HONG KONG: China’s real estate crisis is casting a darkening cloud over governance and financial prospects of once highly valued property management companies, triggering a rout in their shares and making investors cautious. Already battered share prices have fallen a further 7 per cent this month as investors have reactedContinue Reading
Hong Kong’s Cathay Pacific Airways Ltd said strict surroundings crew quarantine rules were crimping the ability to take advantage of rising travel demand, even while it narrowed its first-half loss to HK$5 billion (US$636. 98 million). The carrier is falling far behind traditional rival Singapore Airlines Ltd (SIA) in repairingContinue Reading
TAIPEI: Taiwan’s exports rose in July on sustained demand for technology products with shipments to China picking up, and while the government said the outlook was good for semiconductors it warned of growing uncertainly for the global economy. Exports rose 14.2 per cent in July from a year earlier toContinue Reading
JAKARTA: US carmaker Tesla has signed contracts worth about US$5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia. Southeast Asia’s biggest economy has been trying to get Tesla to set up a production facility in the country, whichContinue Reading
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