South Korea’s top exhibitor CJ CGV will sell its 25% stake in CJ Vietnam, CJ’s Vietnamese real estate investment unit, on Jul. 3. The move is will shore up CGV’s balance sheet which has been badly hit …
Philippine financial markets closed for Independence Day
Philippine financial markets are closed on Friday, June 12, in observance of the country’s 122nd Independence Day.
China promises Philippines will get vaccine against COVID-19
Presidential spokesman Harry Roque said Friday that Duterte got the assurance from Chinese leader Xi Jinping in a late Thursday telephone call.
Money launderers are free to leave Bangladesh forever: Mustafa Kamal
Finance Minister AHM Mustafa Kamal has said the government will toughen laws to catch money launderers if the current legislations allow them to slip through loopholes. He also suggested that the …
India gold demand still muted, Bangladesh to scrap import taxes
Physical gold demand in India was lacklustre this week even as shops reopened, while Bangladesh announced plans to withdraw import taxes to clamp down on bullion smuggling. Indian dealers offered …
Pakistan forecasts fiscal deficit of 7% of GDP in FY2021 as coronavirus bites
Pakistan’s government said on Friday it expected a fiscal deficit of 7% of gross domestic product in the 2020-21 financial year as it announced its annual budget amid a fast-growing coronavirus …
Top India-Focused Fund Trims Holdings to Buy ‘Best Potential’
An India-focused fund that’s outperformed all except one of its peers in the past five years is narrowing its holdings to shares of companies it sees most likely to thrive as the South Asian nation …
Hedge Fund Group Says Don’t Write Off Hong Kong as Finance Hub
A hedge fund industry group says Hong Kong continues to attract new firms, downplaying speculation that money managers are fleeing the city over China’s attempt to enact a national security law in the …
In India’s China policy, a mix of three approaches | Opinion
India’s scepticism about China runs farther and deeper than many others, dating back to the late 1950s and especially the 1962 war. Despite a return to full diplomatic ties in the late 1970s, …
Singapore Won’t Feast on Hong Kong’s Fund Famine
The two archrivals of Asian finance have competed so intensely for so long that it’s impossible to believe that Hong Kong’s fading autonomy and the resumption of anti-government protests isn’t filling …