Malaysia's Finance Minister Zafrul Aziz presents the 2021 budget in parliament in Kuala Lumpur on Nov 6. KHIRUL NIZAM ZANIL/REUTERS The government of Malaysian Prime Minister Muhyiddin Yassin faces a ... ( read original story ...)
Pentagon signals troop drawdown in Afghanistan and Iraq
The Pentagon has told commanders to prepare to withdraw an additional 2,500 US troops from Afghanistan and Iraq, delivering on a pledge by the Trump administration to bring back forces and end America ... ( read original story ...)
Philippine Finance Head Sees No Need to Borrow More Than Planned
Philippine Finance Secretary Carlos Dominguez said he doesn’t see a need for outsized government borrowings as he expects the economy to bounce back in 2021 amid a sustained reopening that’s been ... ( read original story ...)
Philippines’ plan to sell its Japanese real estate hits a wall
But the plan to sell them fell apart after the Philippine Supreme Court ruled it illegal, citing that it had not been approved by lawmakers. The properties have also been the focus of financial fraud. ( read original story ...)
With Tokyo posing a challenge to Hong Kong’s financial hub crown, are companies likely to head for Japan? Analysts weigh in
Japan is bent on turning Tokyo into Asia’s top finance hub, sensing that rival Hong Kong has been weakened by its political turmoil.The Japanese government announced this month that a financial servic ... ( read original story ...)
House Building Finance MD dies of Covid-19
Managing Director Debasis Chakrabarty passed away from Covid-19 infection. He took his last breath at Evercare Hospital at 9: 45pm on Monday, an high official of BHBFC confirmed the matter. Debasis ... ( read original story ...)
Rebooting Economy 46: Who is designing India’s growth path?
The first-quarter growth had plunged to minus 23.9%. Though the pandemic and stringent lockdown played big roles; the economy had lost momentum long before that. The GDP growth had plunged to 4.2% in ... ( read original story ...)
Bloomberg New Economy: Calls Ring Out for a U.S.-China Reboot
China relationship hasn’t been this fraught since normalization in the 1970s. Former U.S. Treasury Secretary Hank Paulson on Monday noted that his warning two years ago that a new Iron Curtain would ... ( read original story ...)
“Cyprus economy will recover to prepandemic levels next year” – Finance Minister
Real growth rates at three per cent” “As of next year, Cyprus will return to pre-pandemic levels of economic normality. Over the next three years, we expect real growth rates to exceed on average 3 ... ( read original story ...)
Bahrain’s Investcorp acquires cereal and coffee company Viz Branz
Viz Branz has approximately 1,300 employees with manufacturing facilities and operations in China and Myanmar. ( read original story ...)