The company substantially overstated its sales, inventory, the value of its property, plant and equipment, and the price at which it purchased raw materials in its financial statements ... ( read original story ...)
Issuance of Sukuk: Finance clarifies position
Finance Ministry on Sunday clarified that Sukuk were Shariah compliant borrowing instruments backed by physical assets, and were structured so as to pay returns on investment as rent instead of ... ( read original story ...)
Bangladesh the preferred option in an uncertain world
Among the main characteristics which brands look for when entering a sourcing destination are political stability. Stability brings confidence and certainty and allows brands and retailers to plan ... ( read original story ...)
India’s Economy Shows Signs of Recovery as Virus Cases Decline
India’s economy showed signs a recovery is taking root as waning virus cases and a vaccine roll-out supported sentiment and as focus turns to further stimulus possible in the upcoming federal budget. ( read original story ...)
India, China hold another round of military talks to defuse LAC tensions
The situation in the Ladakh sector remains tense and the ongoing military and diplomatic dialogue has not yielded results. ( read original story ...)
S.Africa to pay big premium for AstraZeneca COVID-19 vaccine from India’s SII – Business Day
South Africa will pay $5.25 per dose for COVID-19 vaccines from the Serum Institute of India (SII) - well above what others, including developed nations, are paying for the same shots, local newspaper ... ( read original story ...)
Sands China readies to open its latest Macau venture
Londoner Macao will be the latest addition to Macau Casinos, referred to as integrated resorts, when its first phase opens 2021. Owner Sands Chi ... ( read original story ...)
Hong Kong Crackdown Is an Early Test for Biden
If the Biden administration was aiming to improve relations with China, events in the past few weeks have shown the depth of the chasm that has grown between Washington and Beijing in recent years on ... ( read original story ...)
Most Hong Kong firms plan to boost pay by 3 per cent but pace of hiring set to slow, survey finds
Some 82 per cent of firms will freeze their headcounts while about 35 per cent will either reduce their bonus payouts or offer no extra payment. ( read original story ...)
Kuaishou Seeks to Raise Up to $5.4 Billion in Hong Kong IPO
Kuaishou Technology, the main rival to ByteDance Ltd. in China, is seeking to raise as much as $5.4 billion in Hong Kong in what would be the world’s biggest internet initial public offering since ... ( read original story ...)