Maikel Jefriando and Tabita Diela (Reuters) MANILA The Philippines is beefing up security protocols to protect its energy sector from foreign interference, its national security adviser said, following concerns raised by some of the country’s politicians about China’s access to the Philippine power grid. Chinas State Grid Corporation owns a 40 percent...
Yangon Gold Enterpreneur Association (YGEA) is working on innitiating Paper Gold scheme, which allows people to trade gold using the gold certificate issued by the banks. Under the paper gold system, gold is deposited at the banks as assets, for which the banks issue certificate equivalent to the deposited gold....
By Brenna Hughes Neghaiwi and Simon Jessop ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks' cash splurge. Before the COVID-19 pandemic,...
Japanese drinks giants Kirin Holdings booked an impairment loss of over 21.4 billion yen ($193 million) in the six months through June on account of its beer production businesses in Myanmar. But it is not planning to exist in Myanmar, Reuters reported quoting senior executive officer Toru Yoshimura from Kirin,...
Julie Steenhuysen CHICAGO (Reuters) - Over a third of patients treated for COVID-19 in a large New York medical system developed acute kidney injury, and nearly 15% required dialysis, U.S. researchers reported on Thursday. The study was conducted by a team at Northwell Health, the largest health provider in New York...
http://URL: https://www.nytimes.com/2019/12/19/business/goldman-sachs-1mdb.html Goldman Sachs is negotiating with federal prosecutors to pay a fine of as much as $2 billion, and have a subsidiary plead guilty, to settle claims about its role in a scheme to loot billions from a sovereign wealth fund in Malaysia, a person with knowledge of the...
By Eileen Soreng BENGALURU, April 23 (Reuters) - Rice export prices in India eased from a eight-month peak this week on the rupee's record fall, while the coronavirus lockdown has raised concerns about a shortage of labour to harvest the summer crop in neighbouring Bangladesh. Top exporter India's 5 percent broken...
STOCKHOLM, June 3 (Reuters) - Volvo Cars, owned by China's Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets. While still down 25.5% in May from a year...
Elizabeth Paton (The New York Times) PARIS – When the last model stepped off the runway at Louis Vuitton and the fall 2020 shows drew to a close last week, it was clear that diversity on the catwalks had become a genuine reality and not just a seasonal trend –...
This article was written by Sean Turnell and posted on East Asia Forum On 1 July 2020, the European Union and six of its member governments announced a moratorium on debt repayments due from Myanmar. The agreement allows Myanmar to ‘focus efforts on economic recovery from COVID-19’ and is worth...