Iraq has asked some Asia refiners to consider forgoing prompt shipments of its Basrah crude, raising speculation that OPEC’s second-biggest producer is trying to comply with pledged output cuts. State …
Coronavirus: Saudi Arabia’s economy shows strengths despite COVID-19, say experts
Saudi Arabia’s economy was negatively impacted by the COVID-19 pandemic, but experts voiced their optimism and highlighted the silver linings throughout the nearly three-month-old crisis on Monday. As …
N. Korea says it will sever hotlines with South: KCNA
North Korea said on Tuesday (June 9) it will sever hotlines with South Korea as the first step toward shutting down all contact with Seoul. That’s according to state news agency KCNA. For several days …
Thailand proposes to tax foreign internet companies
Thailand on Tuesday approved a draft bill requiring foreign digital service providers to pay a value-added tax (VAT), becoming the latest country in Southeast Asia to seek to boost tax revenues from …
S&P Cuts Japan’s Debt Outlook as Spending Surges During Pandemic
S&P Global Ratings on Tuesday lowered its outlook on Japan’s sovereign debt rating to stable from positive, citing increased uncertainty over the country’s fiscal health as it boosts spending to …
Japan May machine tool orders down 52.8% y/y – industry association
Japan’s machine tool orders in May were down 52.8% compared with a year earlier, a preliminary estimate from the Japan Machine Tool Builders’ Association showed on Tuesday. Compared with a month …
Bangladesh parliament to convene Wednesday for budget session
The parliament will go into session on Wednesday for the national budget for fiscal year 2020-21 as Bangladesh grapples with a worsening coronavirus epidemic.
Foreign Minister: Bangladesh to be voice of climate vulnerable countries
Bangladesh also requested all to contribute by providing technical and financial support to carry out the priority works ahead, reports UNB. “Under the leadership of Prime Minister Sheikh Hasina, …
Bangladesh Steel Manufacturers Association Place 8 Point Demand ahead of National Budget
Bangladesh Steel Manufacturers Association has recently placed 8-point list of demands, including extension of bank loan repayment date by 6 months, for which they wouldn’t like to see the central …
Indonesia’s GDP to stagnate as global economy sees worst recession in 80 years: World Bank
The country’s economy is projected to rebound sharply and record 4.8 percent growth in 2021, although still lower than the World Bank’s earlier projection in January.