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Posted on May 17, 2020

General Atlantic to invest $870M in India’s Reliance Jio Platforms

The new capital would help Ambani, India’s richest man, further cement his last year’s commitment to investors when he said he aimed to cut Reliance’s net debt of about $21 billion to zero by early …

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Posted on May 17, 2020

India Extends Lockdown Until May 31 Amid Surging Infections

India Reopens Economy But Millions of Workers Stay Home. India has been under a stringent nationwide lockdown since March 25, even though some restrictions were eased on April 20 …

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Posted on May 17, 2020

Asia Today: India Extends Lockdown for 2 More Weeks

India on Sunday extended its nearly 2-month-old lockdown by two weeks after reporting nearly 5,000 new coronavirus cases, but said restrictions could be eased in low-risk areas to boost economic …

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Posted on May 17, 2020

India Extends Lockdown; Emirates Mulls Job Cuts: Virus Update

India extended its lockdown until May 31 as Italy, Belgium and Portugal prepared to lift some restrictions. Russia reported fewer than 10,000 new coronavirus cases for the third time in four days.

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Posted on May 17, 2020

Businesses in Bahrain vow strict preventive measures

Parliament financial and economic affairs committee chairman and Bahrain Chamber of Commerce and Industry (BCCI) board member Ahmed Al Salloom said separate remote meetings with business …

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Posted on May 17, 2020

GlassPoint Solar liquidation: Oman’s PDO pledges to press ahead with renewables

Muscat: Petroleum Development Oman (PDO), the Sultanate’s leading oil and gas producer, has vowed to stay the course in the pursuit of its ambitious renewable energy objectives, notwithstanding the …

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Posted on May 17, 2020

Laos attracts US$37bil in investment since opening up

The Laos government has approved more than 6,000 investment projects with combined funding of around US$37 billion since the introduction of the market-oriented economy and opening up to the world in …

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Posted on May 17, 2020

Environmentalists urge Laos to scrap ‘destructive’ Mekong dam plans

Environmentalists have urged Laos not to proceed with the construction of another “destructive” dam on the Mekong River, a vital Southeast Asian waterway that sustains about 60 million people. Last …

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Posted on May 17, 2020

Back to business as COVID-19 restrictions begin to losen in Cambodia

A food vendor grills fish for customers at a stall by Phnom Tamao zoo in Takeo Province, Cambodia on Sunday, amid the easing of restrictions to revive an economy hit by COVID-19. Residents gradually …

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Posted on May 17, 2020

Syrian tycoon rejects government demand he step down from mobile operator

Syrian tycoon Rami Makhlouf said on Sunday that authorities had set a deadline for him to resign from top mobile operator Syriatel or they would revoke its licence but that he would not step down. In …

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