South Korea’s economic growth accelerated more than expected in the last quarter as exports recovered and construction investment rebounded, brightening prospects for President Yoon Suk-yeol after an election setback that threatens his economic initiatives. Gross domestic product advanced 1.3 per cent in the three months to March versus the previous quarter, the Bank of Korea […]
Read MoreBy AMIERUL RASHID Having travelled solo to 193 countries in the world, YouTuber The Krazy Koala, or KK for short, declared Singapore “the best country to live in”. The Singapore Permanent Resident (PR), who hails from the US, has been living here for the past seven years, and it sounds like she’s not leaving anytime […]
Read MoreIn a move to enhance the ease of travel for tourists, Bhutan’s Department of Tourism has announced the elimination of the mandatory travel insurance requirement previously imposed on visitors. Initially introduced amidst the uncertainties of the COVID-19 pandemic, this requirement aimed to safeguard tourists against unforeseen emergencies, particularly medical expenses associated with the global health […]
Read MoreDespite heightened restrictions imposed by the United States late last year, Chinese universities and research institutes have managed to obtain high-end Nvidia artificial intelligence chips through intermediaries, a Reuters investigation has found. An analysis of hundreds of tender documents reveals that ten Chinese entities acquired advanced Nvidia chips embedded in server products manufactured by Super […]
Read MoreIn a strategic move, Ma Liqian, the wife of tech magnate Forrest Li, has set her sights on a prestigious mansion nestled in the heart of Singapore’s exclusive residential enclave. Despite the luxury property market experiencing a slowdown, Liqian has filed an option to acquire a lavish estate on Gallop Road for a staggering $31 […]
Read MoreChina’s relentless crackdown on corruption is reshaping the leadership landscape of its state-owned enterprises (SOEs), with a surge in executive turnover marking a significant shift in the country’s corporate governance dynamics. The latest data reveals that China has replaced a remarkable number of top executives at state-owned companies this year, signaling a concerted effort to […]
Read MoreThe six-month exodus of foreign capital from China’s US$9 trillion stock market appears to have petered out, as some foreign investors voted with their feet in response to securities regulator head Wu Qing’s push to instil market discipline. It remains to be seen whether this conviction is deeply entrenched among domestic and foreign investors. Since […]
Read MoreEfforts to navigate Sri Lanka’s complex debt crisis hit a stumbling block on Tuesday as the government rejected a proposal put forth by international bondholders to restructure over $12 billion in debt. The decision not only jeopardizes crucial International Monetary Fund (IMF) support but also prolongs the island nation’s struggle to resolve a two-year-long […]
Read MoreIn a bid to secure lasting macroeconomic stability and enact crucial structural reforms, Pakistan is gearing up for negotiations with the International Monetary Fund (IMF) to outline the terms of a new loan agreement, Finance Minister Muhammad Aurangzeb revealed to Reuters. With the current $3.0 billion IMF arrangement set to expire in late April, Pakistan […]
Read MoreIn a stark warning reminiscent of a “slow motion train accident,” Jens Eskelund, President of the European Chamber in China, sounded the alarm on Wednesday about the escalating tensions between China and Europe. Addressing concerns at a gathering in Guangzhou, Eskelund emphasized the urgent need for increased dialogue between European and Chinese leaders to prevent […]
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