LONDON (Reuters) – The Scotch Whisky Association has said a decision by the United States to maintain a 25% tariff on its goods was deeply disappointing and it urged London to do more to protect the industry. The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus (AIR.PA) aircraft and 25% tariffs […]
BEIJING (Reuters) – China’s banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by COVID-19, the official Xinhua News Agency reported. “The sector will further step up bad loan disposals in 2021, as some of the problems will be exposed […]
BUTTERWORTH • Malaysia’s opposition politician Lim Guan Eng yesterday pleaded not guilty to fresh corruption charges involving soliciting bribes in a worker dormitory project in Penang when he was the state’s chief minister. Businesswoman Phang Li Koon, a family friend, was charged with abetting him in the bribery case. Also charged was Lim’s wife, Betty […]
BUTTERWORTH • Malaysia’s opposition politician Lim Guan Eng yesterday pleaded not guilty to fresh corruption charges involving soliciting bribes in a worker dormitory project in Penang when he was the state’s chief minister. Businesswoman Phang Li Koon, a family friend, was charged with abetting him in the bribery case. Also charged was Lim’s wife, Betty […]
(Reuters) – European stocks rallied on Wednesday as a billion-dollar takeover offer for Swiss firm Sunrise Communications boosted the telecom sector and investors looked past a collapse in Britain’s quarterly economic output to bet on a stimulus-driven recovery. The pan-European STOXX 600 closed 1.1% higher, marking its fourth consecutive day of gains and settled near […]
SINGAPORE – Eight hundred migrant workers have been newly quarantined because the Ministry of Health (MOH) discovered a case among them in a cleared dormitory, the ministry said on Wednesday night (Aug 12). The ministry did not name the dormitory. Although the Inter-Agency Taskforce has completed the testing of all workers in the dormitories, there are […]
CARACAS (Reuters) – Venezuela’s government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that are paid off with oil shipments, according to three sources in Caracas with knowledge of the situation. The government of late socialist leader Hugo Chavez borrowed […]
Experts in Taipei expect China to intensify military pressure on Taiwan, but say an invasion is unlikely any time soon. Taipei, Taiwan – Two Chinese jets briefly flew across the Taiwan Strait “median line” – the de facto border between China and Taiwan – on Monday morning in what has been a busy year in […]
SINGAPORE – Companies with foreign construction workers registered with the Ministry of Manpower (MOM) can now restart some work without needing to apply for approval from the Building and Construction Authority (BCA). The change announced by the BCA on Wednesday (Aug 12) applies only to jobs that employ a relatively limited number of workers such […]
SINGAPORE – The Singaporean-German Chamber of Industry and Commerce (SGC) announced on Wednesday (Aug 12) plans to establish a Plastics Recycling Association and a Centre of Excellence for recycling here, with the eventual goal of turning Singapore into a regional hub of excellence in plastics recycling. This will in turn create more business opportunities and […]