Australian Companies Eager to Inject RM24.5 Billion into Malaysia, Affirms PM Anwar Ibrahim

Prime Minister Datuk Seri Anwar Ibrahim announced a significant boost to Malaysia’s economic landscape as major Australian corporations express a keen interest in investing up to RM24.5 billion in the country. During a fruitful meeting in Melbourne, Anwar engaged with over 20 Australian companies on the second day of his official visit to Australia. Among […]

Read More

Vietnam’s Wealth Explosion Marred by Landmark Fraud Case Against Property Tycoon

In a seismic development that has sent shockwaves through Vietnam, Truong My Lan, the formidable figure behind the Van Thinh Phat Group, faces an impending trial over allegations of orchestrating a staggering $12 billion fraud. The case, set to commence on March 5, highlights the potential challenges the Vietnamese government faces in safeguarding its financial […]

Read More

Turkish Lira Takes Center Stage: Exports Surge and Global Expansion in Trade Currency

In a significant economic shift, foreign trade in Turkish lira witnessed an impressive surge, marking a 39.4% increase to 207.7 billion Turkish liras ($6.6 billion) year-on-year during the initial two months of 2024. The Trade Ministry’s data, compiled by Anadolu, paints a vivid picture of the currency’s growing prominence in international transactions. Exports in February […]

Read More

India to remain fastest-growing major economy, but demand uneven: Reuters poll

India’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a global slowdown dampening export growth, according to a Reuters poll of economists. Gross domestic product (GDP) growth is forecast to have slowed to 6.8% in the July-September quarter from 7.8% in the […]

Read More

Most Asian markets in retreat as US inflation data looms

Asian markets mostly fell Monday as investors turn their attention to a key US inflation report later in the week, hoping for a reading that will ease concerns about the Federal Reserve’s interest rate plans. While Wall Street and European shares enjoyed a bright end to last week, Asia continued its weak run, with China’s […]

Read More

Pakistan says Taliban forces building ‘unlawful’ structure in border dispute

Islamabad: Pakistan on Monday said the Taliban administration had tried to encroach on its territory with the construction of an ‘unlawful structure’ and accused Afghan forces of “indiscriminate firing” in an incident that led to the closure of the main border transit point last week. The Torkham border crossing between the neighbouring nations has been closed […]

Read More

Italian PM tells China’s premier of plan to quit Belt and Road Initiative: Italian media

New Delhi: Prime Minister Giorgia Meloni outlined Italy’s plan to pull out of the Belt and Road Initiative (BRI) during a meeting with Chinese Premier Li Qiang at the G20 summit, Italian media reported on Sunday. Italy, seeking to minimise any backlash from the decision from Beijing, would as a replacement aim to revitalise a strategic […]

Read More

Main Afghan-Pakistan border crossing closed as forces exchange fire

Islamabad: The main border crossing between Afghanistan and Pakistan was closed on Wednesday as security forces from both countries exchanged fire, Pakistani security sources said. Local residents reported the sound of gunfire by the Torkham crossing and said people around the busy border area near the Khyber Pass had fled once the firing sarted. Security officials […]

Read More