Business

In Hong Kong, World Bankers Urged To not ‘Wager In opposition to’ China

Chinese regulators downplayed China’s real estate slump and slowing economic growth while Hong Kong’s top leader pitched Hong Kong as a unique link to the rest of China at a high-profile investment summit Wednesday. About 200 global financial executi..

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Vietnam Calls on Gasoline Buying and selling Corporations to Relieve Shortages

Vietnam’s government yesterday called on its largest fuel trading firms to release their stocks to the market amid dwindling supplies at petrol stations in the country’s two largest conurbations. The shortages date back several weeks, though they hav..

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Can the EU and Indonesia Signal Their Elusive Free Commerce Settlement?

With the war in Ukraine raging and continuing to disrupt global supply chains, the European Union has sought to hasten negotiations of free trade agreements (FTAs) with third-party nations. One of the largest potential partner countries also remains ..

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Sri Lanka Begins Crucial Debt Restructuring Talks with China

Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis. President Ranil Wi..

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Marcos Says Philippines Eyeing Purchases of Russian Oil, Fertilizer

Philippine President Ferdinand Marcos Jr. has reaffirmed that his government is open to purchasing oil and fertilizer from Russia, in order to alleviate the economic pressure of high global energy prices. The comments, which Marcos made yesterday dur..

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Power Back in Bangladesh After Grid Failure Causes Blackout

Electricity supply across Bangladesh has been restored after the South Asian country plunged into a blackout following the failure of its national power grid, officials said. The blackout, which impacted much of the country, started at 2:05 p.m. on T..

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Large Kazakhstani Bank to Sell Stake in Telecoms Company 

Just a year ago, Jusan Bank, one of Kazakhstan’s largest lenders, bought a stake in Kcell, one of the largest operators in the country, during a shopping spree in mobile telecom ventures. Now, it plans to sell it off. The largest shareholders of Kcel..

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Trial Run for China-Afghan Rail Corridor as SCO Summit Kicks Off

A trial period of three months will see freight trains from China deliver goods to Afghanistan via Kyrgyzstan and Uzbekistan. Exports of Afghan goods will follow the same route back to China. This new railway corridor commenced its trial run on Septe..

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Greening Pains: Can Petronas Make the Leap to Renewables?

As far as fossil fuel companies go, Malaysia’s Petroliam Nasional is not the worst of the worst. But it does hold a weighty mid-table position among national oil and gas producers ranked in terms of historic CO2 equivalent emissions, coming higher th..

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Understanding the Proposed Bangladesh-India Comprehensive Economic Partnership Agreement

Bangladesh and India enjoy cooperation and warm relations in almost every area. Throughout history, both countries have also cultured an economic and trade dependency. At present both countries are experiencing high growth. To consolidate their growt..

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IMF Set to Provide $2.9 Billion to Help Crisis-hit Sri Lanka

The International Monetary Fund announced Thursday it has reached a preliminary agreement to provide Sri Lanka with $2.9 billion over four years to help it recover from its worst economic crisis. The arrangement will help restore financial and macroe..

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Ratings Agency Announces Pending Withdrawal of Rating for Laos

The ratings agency Fitch has announced that it will withdraw its rating for the government of Laos, as the country continues to grapple with one of its worst economic crises in years. “Fitch Ratings plans to withdraw the ratings on Laos in approximat..

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