LONDON and SINGAPORE – Prime Minister Anwar Ibrahim’s three-month-old administration won a key legal victory last week when Abu Dhabi’s International Petroleum Investment Co (IPIC) and its Aabar Investments PJS unit agreed to pay US$1.8 billion to settle a legal dispute linked to the sprawling 1Malaysia Development Berhad, or 1MDB, scandal. The two sides had been […]Continue Reading
COLOMBO: Sri Lanka’s president said on Tuesday (Mar 7) that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to a long-awaited International Monetary Fund (IMF) bailout. An unprecedented economic crisis has seen Sri Lanka’s 22 million people suffer acute food, fuel andContinue Reading
Increasingly unreliable weather patterns are pushing farmers into the city in search of better livelihoods. Now is the time to adapt, writes Thong Sariputta
The post In Cambodia, climate change is already driving migration appeared first on Southeast Asia Globe.
There has been a certain buzz around the baht, but the attention could be short lived if the Thai government fails to navigate deeper structural problems, says a researcher.Continue Reading
Russian Foreign Minister Sergei Lavrov made headlines over the weekend when his claim the Ukraine war was “launched against” Russia provoked laughter from the audience during a forum in India. But I was in the room and can report he also received applause and indifference. Understanding why can help explain the differences in views on […]Continue Reading
BEIJING: China is confident of achieving its 2023 economic growth target as the economy picks up, the vice head of the state economic planner said on Monday (Mar 6), after China set a modest growth target of around 5 per cent for this year. Domestic stock indexes opened subdued onContinue Reading
The draft also said there should be no protectionism and unilateralism in trade. Over the past years, China has already taken a series of moves to counter foreign sanctions. In 2021, the NPC passed an anti-sanctions law, providing legal backing for sweeping retaliation against any individuals, their families and organisationsContinue Reading
Xi Jinping’s big coronation as China’s longest-serving leader since Mao Zedong is suddenly going a bit closer to plan. Three months ago, a cratering economy, massive protests over “zero Covid” lockdowns and fears Xi’s tech crackdown isn’t over had capital fleeing China. At the time, many foreign investors figured next week’s National People’s Congress would […]Continue Reading
The investment will be split among four Adani companies including flagship business Adani Enterprises.Continue Reading
The offender also threw items, including a TV, from height and the judge said this was an example of short-term thinking without realising the long-term consequences.Continue Reading