BANGKOK (THE NATION/ASIA NEWS NETWORK) – Owners of 58 types of ‘economically valuable trees’ will be able to use them as collateral when applying for loans at financial institutions under a new policy, Government spokesperson Narumon Pinyosinwat said on her Facebook page. “This policy was proposed by the Ministry of Commerce as a measure to […]

SINGAPORE – Singapore residents will be able to collect the National Day Parade 2020 packs at community centres or clubs (CCs) and residents’ committee centres (RCs) from next Monday (July 20), the People’s Association (PA) said on Saturday (July 18). As part of this year’s concept to bring the National Day Parade (NDP) into homes […]

NEW YORK (BLOOMBERG) – The father-son duo accused of helping former Nissan Motor Co chairman Carlos Ghosn escape criminal charges in Japan are making a fresh attempt to be released in the US on bail as they battle extradition. A week after a federal magistrate in Boston denied their initial request, former Green Beret Michael […]

JAKARTA (Reuters) – Indonesia has increased tax incentives for businesses in a move to try and limit the economic impact of the coronavirus pandemic, its tax office said on Saturday. Previously announced tax relief that were due to expire in September, have been extended until the end of the year, a statement said. They include […]

SINGAPORE – Although an overwhelming majority of people here said they would buy more locally grown food, only around two-thirds of them can easily identify home-grown produce. A food perception survey commissioned by the Singapore Food Agency (SFA) and Ministry of the Environment and Water Resources (MEWR) in January this year found that 94 per […]

SHANGHAI (Reuters) – Chinese conglomerate Tomorrow Holdings Co on Saturday lashed out at a move by regulators to seize nine of its affiliated financial firms, in rare public criticism that was quickly removed from its social media account. The statement came a day after Chinese financial regulators announced that they had taken over for one […]

SHANGHAI (Reuters) – Chinese conglomerate Tomorrow Holdings Co on Saturday lashed out at a move by regulators to seize nine of its affiliated financial firms, in rare public criticism that was quickly removed from its social media account. The statement came a day after Chinese financial regulators announced that they had taken over for one […]

(Reuters) – Azzurri Group, the owner of Zizzi and Ask Italian restaurant chains, said late on Friday it has been bought by London-based investment management company TowerBrook Capital Partners in a deal that would close 75 of its branches, putting 1,200 jobs at risk in the middle of the coronavirus outbreak. Azzurri, which employs over […]

OTTAWA (Reuters) – Canada is proposing expanding an emergency wage subsidy program so that all businesses suffering losses from the coronavirus outbreak will benefit, Finance Minister Bill Morneau said on Friday. Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30% drop in revenue to […]

WASHINGTON (Reuters) – The Group of 20 major economies is likely to extend a freeze in debt service payments on official bilateral debt for the world’s poorest countries beyond the end of 2020, the World Bank’s new chief economist said on Friday. Carmen Reinhart, a former Bear Stearns executive who started her new job on […]