SHANGHAI: Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted, adding to worries over the crisis-stricken real estate sector. Read full storyContinue Reading
“GREAT POWER RIVALRIES” Bhutto Zardari, the Oxford-educated 34-year-old scion of a preeminent political dynasty, took office five months ago amid political turbulence in Pakistan after a no-confidence vote in former prime minister Imran Khan. The strife comes as Pakistan is ravaged by floods that have submerged one-third of the country,Continue Reading
BANGKOK: Thailand’s government plans new borrowing of about 820 billion baht (US$21.64 billion) in the 2023 fiscal year starting Oct 1, mainly to finance a budget deficit, the finance ministry said on Tuesday (Sep 27), as it tries to bolster economic recovery. The borrowing is part of a wider debtContinue Reading
Recent developments indicate a cozying-up associated with Solomon Islands’ commanders to Beijing. It has set off alarm bells in Canberra, Wellington and Washington, DC. World powers have got largely ignored the Solomons and other Pacific Island nations for many years, as they have concentrated their attention on Afghanistan, the Middle Eastern, North Korea and (more recently) Ukraine. This is […]
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The head of the country’s utilities regulator says poor quality oil led to the shutdown of a power plant.Continue Reading
Over a lot of the last two decades, Cambodia’s economy has grown at an impressive average price of nearly 8%, one of the fastest-growing economies in the world. Significant advancements were made in decreasing poverty and improving health and education. Yet, looking at the rear of the averages, social and economic disparities persist, and in a few instances, disparities increased […]
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But in June 2020, Jiadengbao Real estate property hit the headlines after a court offender its parent company of illegal fund-raising and seized 340 million yuan worth of its properties, which includes a number of flats within Xiulan County Estate. Building stopped in mid-2020, which Xu found out months later,Continue Reading
In the past 10 years, Cina has built more than a hundred, 000 kilometers of roads and railways in Africa. The massive project is definitely part of the Belt plus Road Initiative, a China-led global system of physical and digital infrastructure. One of the African BRI projects is the completion of Trans-African Highway 5 (TAH5). The highway connects Dakar […]
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ISLAMABAD: Pakistan’s finance ressortchef (umgangssprachlich) Miftah Ismail stated on Sunday this individual planned to formally resign from the role, a change that provides the country grapples with the economic crisis exacerbated simply by destructive flooding. “I have got verbally resigned since Finance Minister, ” Ismail said inside a Tweet, addingContinue Reading
COLOMBO: Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about US$30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday (Sep 23). Reaching an agreement withContinue Reading