Besides the G7 nations, the G20 bloc also includes such countries as Australia, Brazil and Saudi Arabia. A senior G20 source said negotiations over the communique were difficult, with Russia and China blocking proposals by Western countries. The source and several other officials said barring a last-minute surprise, a consensusContinue Reading
Mr Anwar, who is also the Tambun MP, has said that the 2023 budget will focus on the green and digital economies as well as on small and medium enterprises (SMEs). These sectors, he said, are critical in light of the current economic slowdown as a result of factors suchContinue Reading
SEOUL: A downturn in South Korea’s home prices is causing pain in the country’s unusual rent-free rental system that benefited landlords and tenants alike during a long surge in residential property prices. In the “jeonse” scheme, tenants put up a deposit typically worth as much as 70 per cent ofContinue Reading
Through a year of war in Ukraine, the US and most European nations have worked to help counter Russia, in supporting Ukraine both with armaments and in world energy markets. Russia was Europe’s main energy supplier when it invaded Ukraine, and President Vladimir Putin threatened to leave Europeans to freeze “like a wolf’s tail” – […]Continue Reading
A resignation letter purported to be from a Suphan Buri police sergeant has triggered a deluge of comments and queries after it was posted online.Continue Reading
BEIJING: Chinese copper trader Maike Group has submitted a court application to start restructuring, it said on Friday (Feb 17), marking a further low for the company that was once China’s top copper buyer. The application, revealed in a statement published on Maike’s official WeChat account, is one of theContinue Reading
More than 18 per cent of South Korea’s population of 51 million is aged 65 or older. That proportion is projected to hit 30 per cent in 2035 and 40 per cent in 2050, according to the country’s statistics agency. In the greater Seoul area, where almost 3.7 million peopleContinue Reading
The National Anti-Corruption Commission (NACC) said it has found no evidence implicating Industry Minister Suriya Jungrungreangkit in a dereliction of duty case.Continue Reading
SINGAPORE – Finance Minister Lawrence Wong expects “positive but slower” growth in Singapore this year due to high inflation and a slowing global economy, headwinds the city-state hopes to address through an expansionary budget designed to help households and businesses. Unveiling a S$104 billion (US$78.4 billion) spending plan in parliament on February 14, Wong said […]Continue Reading
Declining state land sales revenue has also exacerbated local governments’ financial woes, which were eroded by China’s feeble growth, weak tax income and stringent COVID-19 restrictions. Analysts at Moody’s expect negative credit conditions for local governments in 2023 because of ongoing weakness in land sales revenue, persistently high fiscal deficitsContinue Reading