The Industrial Development Bank of Turkey (TSKB) and the Asian Infrastructure Investment Bank (AIIB) have signed a loan deal worth $200 million to suppo …
Japan Inc. Sticks With Bonus Commitments Despite Pandemic
Japan Inc. has largely stuck to bonus commitments made in March despite the escalation of the coronavirus pandemic since then, according to business lobby data.Individual bonuses for employees fell 2.
Indonesia finance minister keeps 2020 GDP outlook despite sharp Q2 contraction
Indonesia’s finance minister on Wednesday maintained the outlook of zero to 1% economic growth this year despite a weaker than expected second quarter. Sri Mulyani Indrawati told journalists she would …
Indonesia Economy Shrinks for First Time Since Asian Crisis
Indonesia’s economy contracted for the first time since the aftermath of the Asian Financial Crisis more than two decades ago, as movement restrictions to contain the coronavirus outbreak took a toll …
Entrée Resources Announces Second Quarter 2020 Results
VANCOUVER, BC, Aug. 4, 2020 /PRNewswire/ – Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) (the “Company” or “Entrée”) has today filed its interim financial results for the second quarter ended …
Kuwait’s $112 Billion Fund Has Cash to Spend After Revamp
(Bloomberg) — Kuwait’s $112 billion pension fund plans … the unit was split into eight departments from three. Former Finance Minister Anas Al-Saleh triggered the restructuring process …
Sri Lanka’s economy contracts 1.6% in first quarter
(Reuters) – Sri Lanka’s economy contracted by 1.6% in the first quarter of 2020, government data showed, as lockdowns related to the COVID-19 pandemic battered a country still recovering from last …
Coronavirus complicates S.Korea flood response as hundreds gather in shelters
South Korean officials are working to keep more than a thousand people displaced by flooding safe and healthy with anti-coronavirus measures in place at crowded shelters as the government weighed …
Malaysia July-end palm oil stocks expected to hit 3-year low
July likely plunged 11.94% from June to three-year lows, as production slumped due to a worsening labour shortage amid the coronavirus outbreak. Although Malaysia is entering its season for peak …
S.Korea stocks climb on hopes of more U.S. stimulus
South Korean shares rose on Wednesday, tracking overnight gains in Wall Street on hopes U.S. leaders would reach a deal on a new coronavirus stimulus package. The Korean won strengthened, while the …