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Posted on January 8, 2021

Macau remains positive on a ’21 rebound even as COVID-19 returns

The city’s economy will be “stable and positive” this year, despite new coronavirus issues plaguing the world.

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Posted on January 8, 2021

GoBear’s Closure Comes As A Shock But Will Unlikely Leave A Dent In S’pore’s Finance Industry

GoBear cited the failure to raise additional funds from existing or new investors as the primary reason for closure. The post GoBear’s Closure Comes As A Shock But Will Unlikely Leave A Dent In S’pore …

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Posted on January 8, 2021

Indonesia freezes Islam group-related bank accounts

Indonesia’s Financial Transaction Reports and Analysis Centre (PPATK) has temporarily frozen bank accounts belonging to the recently banned Islam Defenders Front (FPI) and its affiliated groups on …

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Posted on January 8, 2021

Hong Kong Housing Authority expects to record HK$8 billion surplus next financial year, with outlook ‘healthy’ in spite of dip

The authority expects to spend HK$115.7 billion in the five-year period up to the 2024-25 financial year to build around 100,000 flats. But some 200,000 flats will need to be buil …

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Posted on January 8, 2021

APEDA, Indian Embassy organize Virtual Buyer Seller Meeting with Bhutan for expanding exports of agricultural and processed food products

In a bid to boost exports potential of India’s agricultural and processed food products exports, APEDA organized a Virtual Buyer Seller Meet (BSM) in association with Indian Embassy in Bhutan, on …

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Posted on January 8, 2021

Armenia’s economy ministry is developing new economic policy

Armenia’s Economy Ministry is tasked with developing a new economic policy as part of a set of measures to avoid tax gap, Minister Vahan Kerobyan said in an interview with the Public Television of …

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Posted on January 8, 2021

How did Mongolia get off the money laundering watch list in record time?

Mongolia worked with development partners and donor nations to craft a plan that pro-actively pursued policies on anti-money laundering and combating the financing of terrorism …

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Posted on January 8, 2021

Turkmenistan collaborating on Trans-Caspian cable

Slow growth in telecom services in Turkmenistan, a predominantly rural country and former Soviet republic, can be attributed to a large extent to the slow development of the private sector and state …

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Posted on January 8, 2021

ComBank launches CBC Finance as successor to Serendib Finance

The Commercial Bank of Ceylon PLC has announced the launch of CBC Finance Ltd., the Bank’s fully-owned Licenced Non-bank Finance Institution (NBFI), formerly known as Serendib Finance and Indra …

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Posted on January 8, 2021

Oil Gains to Near $55 on Saudi Cuts and Democratic Sweep

Brent oil climbed to near $55 a barrel as Saudi Arabia’s unilateral output cut eased over-supply fears and a Democratic sweep in the U.S. paved the way for more stimulus spending.

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