Debt – Page 156 – Sure A Not

China waiving African debt isn’t about refinancing

On: September 2, 2022

In mid-August, China’s Ministry of Foreign Affairs produced news with a series of announcements. Wang Yi, Beijing’s most senior diplomat, promised intensive debt relief for some from the world’s poorest nations. The announcement has been made at the ministerial meeting of the Forum for China Africa Cooperation. In addition to raising food assistance to the continent, […]

The post China waiving African debt isn’ t about refinancing appeared initial on Asia Times .

IN FOCUS: Danger zones – how workplace safety lapses are costing lives

By: Marcus Ching

On: September 2, 2022

In: South-East Asia

While the COVID-19 pandemic has hit some industries in Singapore hard, there are systemic issues behind the recent spate of workplace accidents. Workers and safety experts share their encounters on the ground working in higher-risk industries such as design.Continue Reading

Gotabaya Rajapaksa: Sri Lanka’s ousted former president returns

By: Marcus Ching

On: September 2, 2022

In: Asia

Gotabaya Rajapaksa is back in the country simply weeks after anti-government protests drove your pet from office.Continue Reading

Hong Kong police step up crackdown on youth crime after commissioner says rise in social media use during Covid pandemic helped fuel problem

By: Marcus Ching

On: September 1, 2022

In: South-East Asia

Campaign to highlight online job scams, illegal debt collection, serious drugs offences, online dating traps and nude chat blackmail. Police’s public relations wing to distribute 20,000 anti-crime booklets to more than 490 schools and sponsoring bodies. Read full storyContinue Reading

Sri Lanka and IMF reach preliminary agreement for US.9 billion loan

Sri Lanka and IMF reach preliminary agreement for US$2.9 billion loan

By: Jing Write

On: September 1, 2022

In: Asia

COLOMBO: Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about US$2.9 billion, the international lender said in a statement on Thursday (Sep 1). “The objectives of Sri Lanka’s new Fund-supported programme are to restore macroeconomic stability and debt sustainability,” theContinue Reading

Maybank launches sustainable product framework to drive sustainability finance

By: Marcus Ching

On: September 1, 2022

In: South-East Asia

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has formulated its own Sustainable Product Framework (SPF) – the first ever by a Malaysian bank – to enable greater development of green, social and sustainable products. Read full storyContinue Reading

Economy, politics shape year

By: Barkar Nash

On: August 31, 2022

In: South-East Asia

The government can continue to use tax measures to subsidise high energy prices throughout the year to ease people’s rising residing costs, said Financing Minister Arkhom Termpittayapaisith.Continue Reading

Korea to triple baby payments in bid to tackle fertility Crisis

By: Marcus Ching

On: August 31, 2022

In: South-East Asia

SEOUL (Bloomberg): South Korea plans to provide every family with a newborn child a monthly allowance of 1 million won (US$740), in its latest move to encourage more births and try to address the world’s lowest fertility rate. Read full storyContinue Reading

Top China bank ICBC reports jump in property bad debt

By: Jing Write

On: August 30, 2022

In: Asia

BEIJING: Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender by assets, said soured lending to the real estate sector in the first half of this year rose 15 per cent. The lender reported 38.8 billion yuan of non-performing loans (NPL) at the end of June, comparedContinue Reading

Japan Finance Minister: Tokyo will coordinate with other Sri Lanka creditors on debt

By: Marcus Ching

On: August 30, 2022

In: South-East Asia

TOKYO (Reuters) : Japanese Finance Ressortchef (umgangssprachlich) Shunichi Suzuki mentioned on Tuesday it was important for all lender nations of Ceylon (veraltet) to gather to discuss Colombo’s debt issue, adding that Tokyo would certainly coordinate with other lenders on the matter. Read complete story Continue Reading

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