Cabinet approval has been granted to establish the ‘Rebuilding Sri Lanka’ Fund, aimed at rebuilding the country following the severe devastation caused by Cyclone ‘Ditwah’, one of the worst natural …
Sri Lanka secures € 8 m EU grant to promote sustainable agriculture
The Cabinet of Ministers on Monday approved a financial grant agreement with the European Union (EU) to secure € 8 million for the implementation of the ‘Agri-Green Initiatives for Green Economic …
1MDB debt is still Malaysia’s largest fiscal burden
The 1MDB scandal remains Malaysia’s largest debt burden, with nearly RM50bil in liabilities still weighing on federal finances, says Prime Minister Datuk Seri Anwar Ibrahim.
South Korea court dismisses request to detain former finance minister in martial law probe, Yonhap says
A South Korean court rejected a request to detain former deputy prime minister and finance minister Choo Kyung-ho, Yonhap News Agency reported on Wednesday, as prosecutors sought his arrest as part of …
South Korea is weighing a rule that limits won-stablecoin issuance to consortia where commercial banks hold at least a 51% stake
South Korea is fast approaching a turning point in its regulation of digital assets as lawmakers and financial authorities are reportedly working on a plan to restrict the issuance of …
(LEAD) S. Korea posts 1.3 pct Q3 GDP growth, faster than initial estimate: BOK
The real gross domestic product (GDP) rose 1.3 percent in the July-September period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from …
Turkey’s CDS fall to pre-2018 crisis levels
By Akin Nazli in Belgrade Turkey’s five-year credit default swaps (CDS) on December 2 dropped to the 233-level, the lowest figure observed since May 2018, Bloomberg reported. Soon after May 2018, …
China’s ByteDance could be forced to sell TikTok U.S., but its quiet lead in AI will help it survive—and maybe even thrive
To keep its advantage in the AI race, ByteDance needs access to powerful AI chips. Media reports claim ByteDance is the largest purchaser of Nvidia chips inside China and that it has explored …
Brunei conducts accounting roadshow
BANDAR SERI BEGAWAN, Dec. 2 (Xinhua) — Brunei’s Ministry of Finance and Economy (MOFE) conducted a roadshow on the accounting profession to promote career opportunities and support the development of …
WuXi Biologics Extends Global CRDMO Network to Qatar Through Strategic MoU Signed with Qatar Free Zones Authority
WuXi Biologics (2269.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO), today announced that it has signed a strategic Memorandum of Understanding (MoU) with …