Sri Lanka on Monday banned imports of palm oil and new palm plantations, and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry. ( read original story ...)
Malaysia confident of attracting more foreign investment this year, says finance minister
Malaysia is confident of attracting more foreign investment this year after a big decline in 2020, and is looking at incentives to help support that goal, its finance minister said today. Datuk Seri ... ( read original story ...)
Uzbekistan plans 15 percent personnel reduction in gov’t bodies
TASHKENT, April 5 (Xinhua) -- Uzbekistan will reduce management personnel for state ... and transferred its functions to the finance ministry. The document also proposes a 10 percent personnel ... ( read original story ...)
UAE Masdar company studies construction of photovoltaic plant in Uzbekistan’s Navoi region
Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan, Sardor Umurzakov, together with the leadership of the UAE ‘Masdar’ company represented by Chief Executive Officer (CEO), ... ( read original story ...)
Saudi Arabia’s Unpaid Tab With Metro Builders Runs Into Billions
U.S.-based Bechtel Corp. and other international firms are pursuing billions of dollars in unpaid bills from Saudi Arabia’s government for work done on the Riyadh metro project, according to ... ( read original story ...)
U.S., UAE Pledge Joint Effort to Finance Decarbonisation
The United States and the United Arab Emirates will work together on coordinating finance to decarbonise the economy, focusing on areas including hydrogen, renewable energy and low carbon urban design ... ( read original story ...)
Malaysia confident of attracting more foreign investment this year
Malaysia is confident of attracting more foreign investment ... news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international ... ( read original story ...)
Concerns rise as South Korea’s household debt nears GDP
Household debt in South Korea surged to nearly 100 percent of the nation’s gross domestic product, raising concerns that the central bank’s rate hikes may be placing a heavy burden on the household ... ( read original story ...)
EXCLUSIVE-S.Korea steel giant POSCO weighs how to exit Myanmar military-backed venture -sources
Meanwhile Nordic investor Nordea told the Swedish arm of the Fair Finance network, initiated by Oxfam, that it had put POSCO "in quarantine until further notice" regarding its Myanmar plans. ( read original story ...)
Reviving The Iran Nuclear Deal: Here’s What It Involves And Why It’s Hard
Recall that in the deal, the United States and other world powers lifted economic sanctions on Iran. The most important were U.S. bans on companies doing business with Iran or countries buying its oil ... ( read original story ...)