While other developing nations slip into foreign debt death spirals, Cambodia sits in a relatively hale spot on league tables monitoring who is likely next at risk of tumbling into a so-called China “debt trap.” Whereas Ethiopia and Zambia are the latest to request restructuring of their China-owed debts, joining Pakistan, Sri Lanka and Laos, […]
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The Criminal Court for Corruption and Misconduct Cases has ordered the confiscation of 136-million-baht worth of assets from Pol Lt Gen Somchai Nitayabowornkul, a former deputy commissioner of Provincial Police Region 8, who was found to be unusually wealthy by the National Anti-Corruption Commission, NACC secretary-general Niwatchai Kasemmongkol said on Wednesday.Continue Reading
India and Pakistan inherited the same economic legacy of underinvestment and neglect from Britain when they became independent states following the Partition on August 15, 1947. Their colonial economies were among the poorest in the world. For both nations, independence almost immediately led to strong growth and fueled significant gains in education, health care and […]
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MANILA – This week, President Ferdinand “Bongbong” Marcos Jr became the first Filipino leader to visit the United States in more than half a decade. His Beijing-friendly predecessor, Rodrigo Duterte, refused to visit even a single Western capital throughout his six years in office. The last time a Filipino president visited the US was in […]
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House Speaker Chuan Leekpai last night criticised a proposed amendment to the Education loan Fund (SLF) Work as an effort to curry favour with voters, saying the finance should come up with ways to promote repayments amongst borrowers.Continue Reading
Which from the world’ s superpowers has emerged properly from the past three years of shocks – first the coronavirus pandemic and now Russia’ s invasion associated with Ukraine? The first answer is: None of them. The second answer, however , is the fact that while the weaknesses and vulnerabilities of all the superpowers are important, the most significant future issue […]
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HONG KONG: Developer China Vanke’s property providers arm has launched Hong Kong’s biggest initial public offering (IPO) of 2022, aiming to raise up to US$783. 5 million in a deal which will be a key test meant for investor appetite. The subsidiary, Onewo Space-Tech Support, has set a cost rangeContinue Reading
The South Oriental nation was already grappling with high prices, low foreign reserves and high financial debt levels.Continue Reading
This story was originally published by ProPublica, a Pulitzer Prize-winning investigative newsroom. Ever since the FBI came out of Mar-a-Lago last month with box after box of documents, some of them highly sensitive and classified, questions have wafted over the criminal investigation: Why did former President Donald Trump sneak off with the stash to begin […]
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The Ministry of Agriculture and Cooperatives has set out an idea to develop Thai ocean salt production meant for international trade.Continue Reading