BEIJING: Chinese copper trader Maike Group has submitted a court application to start restructuring, it said on Friday (Feb 17), marking a further low for the company that was once China’s top copper buyer. The application, revealed in a statement published on Maike’s official WeChat account, is one of theContinue Reading
More than 18 per cent of South Korea’s population of 51 million is aged 65 or older. That proportion is projected to hit 30 per cent in 2035 and 40 per cent in 2050, according to the country’s statistics agency. In the greater Seoul area, where almost 3.7 million peopleContinue Reading
The National Anti-Corruption Commission (NACC) said it has found no evidence implicating Industry Minister Suriya Jungrungreangkit in a dereliction of duty case.Continue Reading
SINGAPORE – Finance Minister Lawrence Wong expects “positive but slower” growth in Singapore this year due to high inflation and a slowing global economy, headwinds the city-state hopes to address through an expansionary budget designed to help households and businesses. Unveiling a S$104 billion (US$78.4 billion) spending plan in parliament on February 14, Wong said […]Continue Reading
Declining state land sales revenue has also exacerbated local governments’ financial woes, which were eroded by China’s feeble growth, weak tax income and stringent COVID-19 restrictions. Analysts at Moody’s expect negative credit conditions for local governments in 2023 because of ongoing weakness in land sales revenue, persistently high fiscal deficitsContinue Reading
Expert say it shows the airline’s desire to reclaim its pole position in India’s crowded aviation market.Continue Reading
The conglomerate had more than $100bn wiped off its stock market value after the claims.Continue Reading
KUALA LUMPUR: Malaysia has no plans to reintroduce a goods and services tax (GST) or any other broad-based consumption tax, Prime Minister Anwar Ibrahim said on Tuesday (Feb 14). The government will instead look to reduce subsidies enjoyed by the wealthy, Anwar, who is also finance minister, told parliament. Anwar,Continue Reading
JAKARTA – Driving down Jalan Sudirman through the heart of Jakarta’s neon-splashed central business district these days is an eye-opener. In many high-rise buildings, entire floors are blacked out, compelling evidence of how the Covid pandemic has changed methods of doing business. It really began some years ago, but the pandemic greatly accelerated the move by many companies towards […]Continue Reading
SINGAPORE: In a bid to pay off his brother’s debts to loan sharks, a sales representative working for a poultry wholesaler began gambling on football matches and slot machines. However, this led to more losses and got him addicted to gambling. When his brother died, the illegal moneylenders began harassingContinue Reading