SEOUL: South Korea stated on Tuesday (Aug 30) it would cut annual government investing for the first time in over a decade next year, since it seeks to curb its pandemic-era incitement and help the central bank rein in a red-hot economic climate. Unveiling the first budget proposal under right-leaningContinue Reading
Laos people unprecedented financial problems, including US$14. 5 billion worth associated with public and publicly guaranteed debt — around half of that is owed to Cina. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest lender and political best friend, will not let Laos default. The size of […]
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The particular Sang Anakhot Thailänder (Building Thailand’s Future) Party will reveal its candidate with regard to prime minister after the bill on the election of MPs is certainly enacted into regulation, party leader Uttama Savanayana said yesterday.Continue Reading
Pickup associated with revenue, good performance from OpCos, prone to exceed Headline KPIsLooks to finalising 5G commercial details with DNB so clients will benefit Axiata Group Bhd documented strong operational efficiency for the first 1 / 2 of the year ended June 30, 2022 (1H22) reflecting the strong fundamentals of its…Continue Reading
SINGAPORE – Another day, one more multibillion-dollar corruption scandal in Malaysia. 1Malaysia Development Berhad (1MDB), one of the world’s largest ever financial heists, had earlier put the Southeast Asian nation in the global spotlight along with newly incarcerated former premier Najib Razak, who appears accused of pilfering billions of dollars associated with public funds. Another Najib-era scandal […]
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COLOMBO: An International Monetary Fund (IMF) team met Sri Lanka’s president on Wednesday (Aug 24) for talks on a bailout, including restructuring debt of about US$29 billion, amid the nation’s worst financial crisis in more than seven decades. The second such visit in three months comes as the Indian OceanContinue Reading
China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-Covid policy and address a growing property crisis. The country’s traditionally strong housing market has been affected by a funding crisis that has seen development paused and led to buyers […]
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“If Russia fails, all bets are off for the 21st century. And if Russia succeeds as a nation-state in the family of nations, it will owe much of that success to one man, Vladimir Vladimirovich Putin.” – Time magazine, “Putin Man of the Year” in 2007 Admire him or despise him, Russia’s president has put […]
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No central bank’s 2022 has been turned upside down more abruptly compared to Yi Gang’s People’s Bank of China (PBOC). That’s saying a lot given the particular economic shocks further complicating the year for US Government Reserve Chairman Jerome Powell amid overheating risks. Or Western Central Bank Chief executive Christine Lagarde fighting an euro with 20-year lows. Or even […]
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“He definitely wants to come back. But security is the main issue and intelligence has advised that he delay his return,” said one of the sources, a Sri Lankan government official. “He may return in two weeks or even before that if arrangements for his safety can be made.” TheContinue Reading