Philippines orders foreign workers in offshore gaming hubs to leave in 2 months
Marcos has banned Philippine Offshore Gaming Operators (POGOs) for their alleged links to crimes, human trafficking and financial scams, and gave the gaming regulator until the end of the year to shut down these businesses The Philippines has ordered foreigners working in offshore gambling firms to leave the country in two months’ time, its immigration […]
Read MorePakistan’s finance minister in Beijing to seek debt relief, say sources
By Asif Shahzad ISLAMABAD, July 25 (Reuters) – Pakistan’s Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday for talks on power sector debt relief alongside structural reforms suggested by the International Monetary Fund, two government sources said. He held a meeting with his Chinese counterpart in Beijing, they said, and is leading a delegation, […]
Read MoreKazakhstan Enhances Ties with Central Asian Neighbors to Promote Regional Prosperity
BY DAUREN ABEN President Kassym-Jomart Tokayev has been steadfast in developing comprehensive cooperation among Central Asian nations. His approach has enhanced ties with neighboring countries across various sectors, including politics, trade, economy, investment, transportation, water resources, energy, and humanitarian efforts. The Kazakh leader has consistently expressed confidence that the region is capable of addressing its […]
Read MoreSouth Korea seeks to cut inheritance tax in first revision since 2000
SEOUL, July 25 (Reuters) – South Korea on Thursday proposed tax cuts as part of its broader push to boost the domestic stock market and tackle a falling birth rate, which is the world’s lowest. Among measures to beef up the “Corporate Value-up Programme” introduced in February, the finance ministry said it would lower inheritance […]
Read MoreJapan finds a ‘stealth’ cure for zombie businesses: Let them fail
Years of faltering growth and population decline left many of Japan’s small and medium-sized firms squeaking by on state help and almost-free funding. These companies, which account for around seven out of 10 jobs, now face a shake-up as pandemic-era support dwindles and interest rates rise for the first time in 17 years For much […]
Read MoreJapan to boost jet fuel production and imports amid tourism boom
The initiative aims to tackle a recent jet fuel shortage affecting commercial flights, which has hindered the expansion of international flight capacity and the introduction of new routes Japan plans to increase jet fuel production and imports to address a pick up in demand from flights amid a boom in tourism, according to a draft […]
Read MoreThai PM seeks extra $3.4 bln for stimulus as lawmakers criticise handout plan
BANGKOK, July 17 (Reuters) – Thai Prime Minister Srettha Thavisin on Wednesday tabled an additional 122 billion baht ($3.4 billion) budget for the 2024 fiscal year for his signature stimulus programme, as lawmakers held a debate to scrutinise the much-criticised handout scheme. “The government needs the budget to stimulate the economy by boosting money circulation […]
Read MoreCentral Asian Giants Target $10 Billion in Annual Trade
Kazakhstan and Uzbekistan have announced a goal of more than doubling trade volume in “the coming years.” To hit that very ambitious target, top officials from both countries intend to remove trade barriers. The two countries accounted for 57 percent of all trade in Central Asia in 2023, with bilateral turnover amounting to $4.5 billion […]
Read More46 thousand companies closed, Israel in the face of collapse!
Israel’s Benjamin Netanyahu government has been described as a ‘collapsing government’ by the country’s Hebrew-language newspaper Ma’ariv. The media reported that the occupation of Gaza had a devastating effect on Israel’s economy and that 46,000 Israeli companies were closed in the occupied territories (Gaza). International media, including Al Mayadin, report that Israeli risk management company […]
Read MoreFastBeetle raises undisclosed Seed B investment at $5M valuation
FastBeetle Logistics Pvt. Ltd, a Jammu and Kashmir-based tech start-up focused on last-mile logistics in the Union Territory has raised an undisclosed investment as part of its latest funding round led by Jaipur-based angel investor KM Trans group. Existing investors including Saurabh Mittal, Sandeep Patel Nepra from Nepra Group, and Vikram Sanghvi also participated in […]
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