DHAKA (THE DAILY STAR/ASIA NEWS NETWORK) – When e-commerce firms first began to spring up in Bangladesh over 10 years ago, they were hailed as a positive development-a crucial part of the vision for Digital Bangladesh. However, a complete lack of oversight and the absence of a standardised set of regulations meant that these firms […]
BEIJING (BLOOMBERG) – China sentenced the former chairman of liquor giant Kweichow Moutai to life in prison for taking bribes of 112.9 million yuan (S$23.59 million). Yuan Renguo, who was arrested in 2019, was found guilty of taking the bribes between 1994 and 2018, according to a statement late Thursday (Sept 23) from a court […]
BEIJING (BLOOMBERG) – Power rationing and forced cuts to factory production in China are widening amid electricity supply issues and a push to enforce environmental regulations. The curbs have expanded to more than 10 provinces, including economic powerhouses Jiangsu, Zhejiang and Guangdong, the 21st Century Business Herald reported Friday. Several companies have reported the impacts […]
TOKYO (BLOOMBERG) – The four candidates seeking to replace outgoing Japanese Prime Minister Yoshihide Suga are battling on social media and in a series of online debates as they look to firm up support before a party leadership election in five days. Candidates Fumio Kishida, Sanae Takaichi, Taro Kono and Seiko Noda are reaching out […]
MANILA (PHILIPPINE DAILY INQUIRER/ASIA NEWS NETWORK) – The Philippines’ Covid-19 numbers have improved in the Metro Manila region and the tranmission of the disease has slowed. The latest reproduction number for the region, which refers to the number of persons an infected person can transfer the virus to, was at 0.99, down from 1.03, OCTA […]
Good morning! Here are our top stories to kick-start your Friday, Sept 24. 1,504 new Covid-19 cases in S’pore; two unvaccinated women die Large clusters at Maple Bear Preschool (Orchard Road) and two dormitories were also announced by MOH. READ MORE HERE Parents anxious over rise in Covid-19 cases among children but attendance normal at […]
WASHINGTON (REUTERS) – US Vice-President Kamala Harris met India’s Prime Minister Narendra Modi on Thursday (Sept 23) and stressed the importance of a free and open Indo-Pacific region at a time when the United States is trying to solidify its pivot toward Asia and strengthen ties with allies to take on China’s growing influence in […]
BEIJING – Regulators in China are said to have instructed developer Evergrande Group to focus on completing unfinished properties and repaying investors while avoiding a near-term default. But it offered no financial support to the company which has yet to pay US$83.5 million (S$112.5 million) in bond interest due on Thursday (Sept 24). The world’s […]
(Reuters) – Private equity firm TPG, which is reportedly heading towards a public listing, said on Thursday it had appointed long-time company executive Todd Sisitsky as president, effective immediately. Sisitsky, who joined TPG in 2003, will continue to play an active role in the firm’s healthcare investments, the company said. He was named managing partner […]
SINGAPORE – Some faculty from Yale-NUS College have written a letter disagreeing with the de-facto closure of the college, stating that the reputational damage it has caused will affect all universities in Singapore. It reads: “We were not consulted on this decision, we do not agree with this announced merger and we stand in solidarity […]