SINGAPORE (THE BUSINESS TIMES) – Alipay operator Ant Financial Services Group will invest $73.5 million in Digital Money Myanmar (Wave Money) – a mobile payments joint venture (JV) between Telenor …
No soft landing for troubled THAI
The clock is ticking for loss-ridden Thai Airways International Plc (THAI) as it seeks a much-needed lifeline from the government or risks becoming another chapter in the history of national flag …
Philippine Broadcaster Caught in Duterte Cross-Hairs Plunges
CBN Corp., the largest Philippine media company, plunged after the stock exchange allowed the shares to trade again following a halt that lasted eight sessions.
Business centers converted into hospitals, quarantine facilities in Bangladesh amid COVID-19 outbreak
Photo shows the Bashundhara COVID-19 Isolation Hospital (Temporary Health Centre) in Dhaka, Bangladesh on May 17, 2020. (Str/Xinhua) As part of the Bangladeshi government’s anti-epidemic efforts, …
Taiwan Semiconductor Is Expanding Manufacturing in the U.S.
The chip fabrication plant will use TSMC’s 5-nanometer process technology and be capable of producing 20,000 semiconductor wafers per month. Over 1,600 jobs …
Lebanon to resume economic re-opening from Monday after coronavirus shutdown
Already in the throes of a deep economic crisis, Lebanon began easing virus-related restrictions on business late last month to try to restore some economic activity. But that plan was paused last …
China emerges as potential strain on US-Israel relationship
Increasingly close ties between China and Israel risk straining the special relationship Israel has with the U.S., especially as Washington ramps up its feud with Beijing over the spread of the novel …
Cousin of Syria’s Assad faces legal action over telecom debt
Syria’s telecommunications authority on Sunday said a deadline for a cellular company owned by the cousin of President Bashar Assad to pay back its debts to the state has ended, adding that legal …
Syrian tycoon says government ordered him to step down from mobile operator
Syrian tycoon Rami Makhlouf issued a video statement on Sunday saying officials had told him to quit as head of mobile operator Syriatel, in the latest twist in a tussle over assets and taxes that has …
Bangladesh import plummets to deepen economic crisis amid coronavirus pandemic
Trade data have rounded off a terrible month for Bangladesh; its import plunged in April while the coronavirus tears through its economy, raising concerns over investment and generation of jobs.