Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the ... ( read original story ...)
Is Turkey’s wealth fund becoming a crisis shelter?
More company rescues could be imminent in Turkey after the sovereign wealth fund acquired the control of a leading mobile phone operator at the expense of further borrowing. ( read original story ...)
Turkey: Central government gross debt stock hits $234B
The gross debt stock of Turkey’s central government stood at 1.6 trillion Turkish liras (around $234 billion) at the end of May, according to official figures released on Monday. The figure was 33.7% ... ( read original story ...)
Bangladesh Bank irked by slow lending to pandemic-hit small businesses
Slow loan distribution from the government’s Tk 200 billion package to help offset losses in the CMSME sector hit by the coronavirus pandemic has left Bangladesh Bank frustrated. ( read original story ...)
How India’s states are nearly broke
The shock to revenues from the pandemic will compel states to either borrow more or curtail public expenditure.It may be far from sufficient as states are at the forefront of battling the pandemic. ( read original story ...)
Taiwan Semiconductor Manufacturing Already Made up Lost Business From Huawei
Taiwan Semiconductor Manufacturing has made up its lost business from Huawei after the U.S. government put restrictions on working with the Chinese smartphone maker. Kung Ming-hsi ... ( read original story ...)
Bahrain attracts $942m FDI in 2019
Globally, WIR 2020 found that FDI flows totalled $1.540 trillion, representing 1.76 per cent of global GDP. Bahrain surpassed the global average performance with FDI accounting for 2.45 per cent of ... ( read original story ...)
ExxonMobil Qatar welcomes new President and General Manager
ExxonMobil Qatar has announced the appointment of Dominic Genetti as President and General Manager for the company, effective July 1, 2020. ( read original story ...)
Minority small business owners harder hit by pandemic closures: “A total nightmare”
COVID-19 has shone a light on economic disparities, as black- and Latino-run businesses were roughly twice as likely to shut down than white-owned businesses ... ( read original story ...)
Abu Dhabi Fund for Development and Turkmenistan Explore Cooperation Prospects
His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), held a virtual meeting with Merdan Annadurdyyev, Cha ... ( read original story ...)