MANILA : The World Bank has approved a US$600 million loan for a Philippine reform programme to position the Southeast Asian country for a competitive and resilient economic recovery, the bank said on Saturday (Dec 11). The quick-disbursing loan backs measures to free up retail services and promote private investment, […]
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TOKYO : Japan’s biggest power generator JERA has procured 2 million tonnes of liquefied natural gas (LNG) on the spot market to be delivered between November and March to ensure adequate power supply during the peak winter demand season, a company official said on Wednesday. JERA, one of the world’s […]
BANGKOK: Apple on Wednesday (Nov 24) issued alert messages to at least six Thai activists and researchers who have been critical of the government, warning it believed their iPhones had been targeted by “state-sponsored attackers”, according to activists and the alerts reviewed by Reuters. Apple and Thailand’s Digital Ministry did […]
Overseas equity funds with exposure to Chinese equities are on course to deliver their weakest performance in three years, as the stocks were hit by an economic slowdown, a tech crackdown and an increase in default risks in the property sector. Refinitiv Lipper data showed that China-focused overseas equity funds […]
KUALA LUMPUR : AirAsia Group Bhd has partnered with more than 20 airlines as it builds up its Super App into an online travel agency that also sells flights by competitors, the Malaysian budget airline said on Thursday. The airlines which joined airasia Super App as partners included Air Canada, […]
SINGAPORE : China’s anti-corruption watchdog is investigating a former senior executive of top state energy giant PetroChina for suspected “serious disciplinary violations”, the Central Commission for Discipline Inspection (CCDI) said on Sunday. Ling Xiao, who resigned last month from his position as a vice president of PetroChina, turned himself in […]
Stonemasons discovered 239 pieces of gold, minted before the French Revolution, when they began renovating the property near Quimper in the western Brittany region. Paris: Hundreds of rare gold coins dug out of the walls of a remote French mansion fetched more than one million euros ($1.2 million) at auction […]
The Waltons are the world’s wealthiest family, worth $238 billion, according to the Bloomberg Billionaires Index The Walton family is shedding light on its stock picks, revealing it held almost $5 billion in equities at the end of June through a little-known firm that helps invest its Walmart Inc. fortune. […]
Amazon will be required to pay the employees lost wages according to the agreement. New York: Amazon has reached an agreement with two employees who accused the e-commerce giant of dismissing them in retaliation for their activism, both parties said Wednesday. Maren Costa and Emily Cunningham, who led an advocacy […]
BANGKOK : Thailand’s economy is forecast to grow 1per cent this year, down from the 2.2per cent projected in July, hit by a spike in COVID-19 cases and a delayed reopening to visitors, the World Bank said on Tuesday, as the country fights its biggest virus outbreak to date. Southeast […]