President Tayyip Erdogan has escalated Turkey’s battle with its top business group, expanding a broad political crackdown on dissent and raising the stakes for his government’s economic turnaround programme, analysts say. On Thursday, an Istanbul court banned international travel by two executives of the association TUSIAD in an investigation of their remarks on democracy that […]
Read MoreJapan’s Fuji Soft (9749.T), opens new tab said on Thursday that KKR (KKR.N), opens new tab now owns nearly 58% of the company after the second stage of a tender offer, ending a fierce battle with rival Bain Capital to take the software developer private. The two private equity powerhouses had engaged in a protracted […]
Read MoreArcelorMittal Nippon Steel India is seeking deliveries of liquefied natural gas (LNG) cargoes over a five-year period beginning 2026, two industry sources said on Thursday. The joint venture between ArcelorMittal (MT.LU), opens new tab and Nippon Steel (5401.T), opens new tab is seeking six cargoes for delivery each year to either the Dahej or Hazira […]
Read MoreThousands of students staged ‘Dark Indonesia’ protests in cities across the country on Thursday against budget cuts and other policies of President Prabowo Subianto, fearing they will undermine social support systems and their futures. Clad in black, about a thousand placard-carrying students in the major city of Yogyakarta marched through a busy thoroughfare yelling out […]
Read MoreA World Bank report published in October 2024, titled Bangladesh Development Update, revealed a sharp rise in joblessness among tertiary-educated youth — 27.8% of the unemployed in 2022, up from just 9.7% in 2013. Bangladesh’s private sector, which employs 95% of the workforce compared to the government’s 5%, faces a deepening crisis as credit growth […]
Read MoreThe Sri Lankan government has set aside US $10 million (3 billion Sri Lankan rupees) for digital transformation strategies this year, aspiring to generate US $15 billion in revenue through the digital economy in five years with a unique digital ID and new legislation for digital services after the launch of a governing digital body. […]
Read MoreWong says he expects to end with a surplus of $6.4 billion or 0.9% of Singapore’s GDP. Prime Minister Lawrence Wong warned that Singapore’s expenditure will continue to increase due to its need to invest more in workers and to better support a rapidly ageing population. At Budget 2025 on Feb 18, Wong noted that […]
Read MoreOn February 13, 2025, President of Mongolia Khurelsukh Ukhnaa visited “Sor Cashmere,” “Snow Fields,” and “Ulaanbaatar Hivs” companies under the “White Gold” National Movement. The President has initiated the “White Gold” National Movement to enhance the value of livestock-derived raw materials. The successful implementation of the Movement will increase the production and export of internationally […]
Read MorePresident Xi Jinping held a rare meeting on Monday with some of the biggest names in China’s technology sector, such as Alibaba founder Jack Ma, urging them to “show their talent” and be confident in the power of China’s model and market. The tightly choreographed pro-business rally, a turnaround in Beijing’s approach to its tech […]
Read MoreThe finance ministry has clarified the reason behind delay in International Monetary Fund’s (IMF) disbursement of the fourth tranche – amounting to $645 million – of its $4.7 billion loan to Bangladesh. The ministry issued a statement today (18 February) after news was published in media outlets on the deferred release. “The installments are disbursed […]
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