Hongkong Land poised to launch US$6 billion Singapore property fund

By Cheryl Arcibal Hongkong Land is set to launch what it expects to be the largest private real estate fund in Singapore, with more than S$8 billion (US$6.2 billion) in assets under management, including prime commercial projects in the waterfront Marina Bay district. At inception, the Singapore Central Private Real Estate Fund (SCPREF) would include […]

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Airbnb ban in Bali? Indonesia says no, but crackdown on illegal stays looms

By Resty Woro Yuniar Indonesia has confirmed it will not ban holiday rental platform Airbnb after Bali said it was considering doing so to curb unlicensed hotels and villas that have mushroomed on the island. The split underscores the growing tension between Bali’s push to rein in illegal accommodations and Jakarta’s preference for regulation over […]

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Should Opec worry? China joins US shale oil revolution with deep fracking breakthrough

By Victoria Bela China’s recent breakthroughs in fracking technology have the potential to usher in a new shale revolution that could solidify the country’s energy security and reshape the international oil order. That would see China join the United States, whose shale boom earlier this century enabled it to become the largest crude oil producer […]

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UN launches $35.3M humanitarian plan to assist Sri Lanka after Ditwah

By Poojathmi Rivithma The United Nations and humanitarian partners have launched a Humanitarian Priorities Plan (HPP), seeking USD 35.3 million (LKR 10.9 billion) to scale up life-saving assistance for communities affected by Cyclone Ditwah in Sri Lanka. UN Resident Coordinator in Sri Lanka, Marc-André Franche, said the plan aims to support 658,000 of the most […]

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Nepal faces economic fallout of September protest

When Nepal’s government was toppled in September after deadly youth-led protests against economic stagnation and corruption, many in the impoverished country hoped for a period of meaningful political change. But experts warn that the upheaval — which killed 76 people and left thousands of buildings including parliament damaged — has pushed the nation backwards economically. […]

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Bhutan hosts first ANTAM meeting to boost farm machinery standards

The use of agricultural machinery has transformed traditional farming. In Bhutan, where farmers work on steep terrains and fragile ecosystems, using safe, efficient, and environmentally friendly machines is important. To support this, Bhutan is hosting a three-day annual meeting of the Asian and Pacific Network for Testing of Agricultural Machinery or ANTAM, for the first […]

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