India is projecting its biggest power shortfall in 14 years in June after a slump in hydropower generation, its government told Reuters, and is racing to avoid outages by deferring planned plant …
Vietnam’s China ties loom large in US hearing on market economy upgrade
U.S. President Joe Biden’s bid to draw Vietnam closer as a strategic ally clashed with his desire for union workers’ votes on Wednesday as trade lawyers sparred over whether the Commerce Department …
Is Vietnam corruption crackdown rattling Communist Party?
That has led to questions about how the political instability could affect the ruling Communist Party. In April, Vuong Dinh Hue, a high-ranking member of Vietnam’s Communist Party, stepped down from …
Philippines’ GDP expanded 5.7% in first quarter of 2024
The Philippine economy grew 5.7 percent in the first quarter of 2024, according to the Philippine Statistics Authority (PSA). This was faster than the 5.5 percent expansion seen in the fourth quarter …
Japan’s move to force Naver to sell LINE Yahoo stakes faces criticism
Criticism from the IT industry has emerged since the Japanese government pressured Naver, a South Korean tech giant, to sell its shares in LINE Yahoo. In 2019, LINE Yahoo was created as a result of a …
Pakistan is turning to cannabis for an economic high
Pakistan has set up a regulatory authority to manage and control the cultivation and trade of cannabis. Facing its worst economic crisis since the formation of the country, cannabis and its …
Ethiopian embassy holds ‘Ethio-Pakistan Business Forums’
Jemal Beker Abdula, Special Envoy and Ambassador Extraordinary and Plenipotentiary of the FDR Ethiopia in Pakistan, presided over those business forums along with the respective Presidents of both the …
Pakistan’s Engro to continue to invest in energy business, its main investor says
KARACHI: Pakistan’s largest conglomerate, Engro Corp, which owns the country’s first liquefied natural gas terminal, will continue to invest in energy despite having sold its coal-based assets, the …
Pakistan, Uzbekistan vow early work on rail project
ISLAMABAD: Pakistan and Uzbekistan on Wednesday underscored their commitment to the swift completion of the planned railway link that will traverse Afghanistan, connecting the two countries and …
Pakistan to legalise cannabis for medicinal purposes
Pakistan government is legalising the use of cannabis for medicinal purposes which will pave the way for it to export hemp and its products amid economic distress. The Pakistan government passed an …