By Park Jae-hyuk Tmoney is facing mounting losses from its business in Mongolia which it began ambitiously in 2015, the public transportation payment service provider’s regulatory …
Saudi Arabia’s wealth fund seeks IPO of information security firm Elm -sources
Saudi Arabia’s sovereign wealth fund is considering an initial public offering of its information security company Elm, three sources familiar with the matter told Reuters. By Hadeel Al Sayegh and …
Yoma Strategic’s mobile payments joint venture in Myanmar ties up with Alipay operator
SINGAPORE (THE BUSINESS TIMES) – Alipay operator Ant Financial Services Group will invest $73.5 million in Digital Money Myanmar (Wave Money) – a mobile payments joint venture (JV) between Telenor …
No soft landing for troubled THAI
The clock is ticking for loss-ridden Thai Airways International Plc (THAI) as it seeks a much-needed lifeline from the government or risks becoming another chapter in the history of national flag …
Philippine Broadcaster Caught in Duterte Cross-Hairs Plunges
CBN Corp., the largest Philippine media company, plunged after the stock exchange allowed the shares to trade again following a halt that lasted eight sessions.
Business centers converted into hospitals, quarantine facilities in Bangladesh amid COVID-19 outbreak
Photo shows the Bashundhara COVID-19 Isolation Hospital (Temporary Health Centre) in Dhaka, Bangladesh on May 17, 2020. (Str/Xinhua) As part of the Bangladeshi government’s anti-epidemic efforts, …
Taiwan Semiconductor Is Expanding Manufacturing in the U.S.
The chip fabrication plant will use TSMC’s 5-nanometer process technology and be capable of producing 20,000 semiconductor wafers per month. Over 1,600 jobs …
Lebanon to resume economic re-opening from Monday after coronavirus shutdown
Already in the throes of a deep economic crisis, Lebanon began easing virus-related restrictions on business late last month to try to restore some economic activity. But that plan was paused last …
China emerges as potential strain on US-Israel relationship
Increasingly close ties between China and Israel risk straining the special relationship Israel has with the U.S., especially as Washington ramps up its feud with Beijing over the spread of the novel …
Cousin of Syria’s Assad faces legal action over telecom debt
Syria’s telecommunications authority on Sunday said a deadline for a cellular company owned by the cousin of President Bashar Assad to pay back its debts to the state has ended, adding that legal …