The PTI led federal government on Wednesday decided to terminate all 9,350 employees of the Pakistan Steel Mills (PSM), taking a giant but politically difficult step to stop years long hemorrhaging …
Indonesia delays diaspora bond sale to November due to pandemic
Indonesia has delayed its first offering of ‘diaspora bonds’ until November because coronavirus lockdowns are making it hard to gauge demand, a finance ministry official said on Thursday. JAKARTA, …
Hong Kong Bull Market Found Dead in a Posh Flat
Hong Kong’s finance industry is thriving from the great divorce between the U.S. and China. Billion-dollar initial public offerings are on the horizon again, as New York-listed mainland companies seek …
Taiwan urges Beijing to acknowledge Tiananmen crackdown
Taiwan called on China to officially acknowledge the 1989 Tiananmen crackdown on Thursday, as the island marked the anniversary of the day student-led protests were violently crushed by tanks. Hundred …
Singapore Landlords Need a Post-Covid Remake
Every third dollar changing hands on Singapore Exchange Ltd. is because of someone buying or selling units in a real estate investment trust. But has the city’s REIT mania gone a bit too far? The cor …
Singapore hopes to reopen 80% of its economy in June as coronavirus restrictions lift, says minister
Singapore has one of the highest numbers of coronavirus infection cases in Asia, with more than 34,800 people affected so far.
Kyrgyzstan: Rights Defender Under House Arrest
(Berlin) – Kyrgyz security services detained a well-known rights defender on dubious grounds on May 29, 2020, and on May 31, a court ordered him placed under house arrest, Human Rights Watch said …
Isracann Prepares for Israel’s New Cannabis Export Permit Process and Announces New COO
Isracann Biosciences Inc. (CSE:IPOT) (XFRA:A2PT0E) (ISCNF) (the “Company” or “Isracann”) an Israel-based company focused on becoming a premier low cost, high quality cannabis producer is pleased by t …
Lifelines in Danger
Jun 4 2020 (IPS) – The COVID-19 pandemic is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states, the economic shock will be magnified by the loss of …
UAE showing signs of recovery as coronavirus restrictions ease
As the UAE emerges from stringent lockdown measures, the non-oil sector remained firmly in contraction territory in May despite some signs of recovery. Output fell to a much lesser extent than April’s …