Businesspeople and policymakers in Ulaanbaatar dream of a speedy end to the Russian-Ukrainian war, which significantly disrupted Mongolia’s imports of necessities. The mineral-rich nation suffered a debt crisis after the Russian invasion of Ukraine last year, forcing authorities to undertake fiscal and monetary measures to avoid a default amid depleted foreign reserves. Now, Mongolia urgently […]Continue Reading
If the 95th Academy Awards were anything to go by, your best days and biggest triumphs might be lying ahead no matter your age, says Tracy Lee.Continue Reading
Commerce, culture and connectivity are often cited as the three main pillars of India-Thailand relations. Maritime trade between the two countries has existed since 1500 BCE, paving the way for people-to-people contact and cultural interaction between the two states bordering the Bay of Bengal. Thailand was among the first nations to establish diplomatic ties with […]Continue Reading
As political split screens go, the one playing out in Washington and Beijing this week couldn’t be more different. In the US capital, the Federal Reserve and the Treasury Department are scrambling to contain the worst bank failure — Silicon Valley Bank — since 2008. In Beijing, the energy is future-oriented as leader Xi Jinping’s […]Continue Reading
SINGAPORE: After racking up debts through excessive spending, Vanessa Faye Tan Jiewen devised a scheme to sell hotel room bookings worth a total of S$4,150 that customers never received. The 27-year-old woman also cheated two acquaintances of money to pay off what she owed. On Wednesday (Mar 15), she was sentencedContinue Reading
COLOMBO: Bankrupt Sri Lanka’s hospitals were crippled and transport disrupted on Wednesday (Mar 15) as trade unions protested against the doubling of taxes to qualify for a crucial IMF bailout. Schools cancelled term tests and outpatient departments at hospitals closed due to the work stoppage that involved more than 40Continue Reading
Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures at SVB and Signature were two of the three biggest in US banking history, following […]Continue Reading
The Pheu Thai Party has unveiled a new policy aimed at tackling four major types of debt that Thailand and its people are struggling to cope with, namely public debt, debts facing farmers, those incurred by SMEs, and non-bank debts.Continue Reading
The Thai stock exchange fell more than 3%, almost 50 points, yesterday in tandem with most Asian stock markets due to fears of contagion effects from the collapse of US banks.Continue Reading
Representatives of skytrain employees have asked the government to pay the 50 billion baht debt the company accumulated in running the Green Line extension owned by the Bangkok Metropolitan Administration (BMA).Continue Reading