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SINGAPORE -- Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent inflation leads central banks to refrain from slashing interest rates, increasing pressure in the financing business.
They say they are fed up with what has been a bungled political experiment, one that has mainly benefited foreign investors – including illegal cannabis importers – and the rich, rather than inspire a thriving local industry of farmers, wellness businesses and cannabis aficionados.
TOKYO -- Japanese trading house Mitsui & Co. will invest about 30 billion yen ($193 million) over two years to build a solar farm in the U.S. state of Texas, the company said on Thursday, looking to tap nascent demand in a state where wind power is the dominant renewable energy.
ISLAMABAD (AP) — The Islamic State group claimed responsibility for a bombing in Afghanistan’s northeast that killed police officers who were part of an anti-poppy crop campaign.
“There doesn’t seem to be any indication at all that these issues have remarkable adverse effects on the economy,” Economic Planning Secretary Arsenio Balisacan said on Thursday, shortly after the government reported first-quarter growth of 5.7 per cent, below a 5.9 per cent expansion seen in a Bloomberg survey.
Two ships arrived in the Cook Islands in the South Pacific in March of last year. One was a familiar sight: a massive cruise ship, bringing hundreds of tourists to the pristine shores of this nation of 15,000 people. The other, a neon-orange vessel hauling complex scientific equipment, was more unusual.
HO CHI MINH CITY -- Vietnam's unprecedented campaign against corruption has cast a pall over the country's startup scene, investors say, indicating gloom has spread beyond the property and banking industries most affected by recent criminal sentences linked to graft.
A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that'd been stolen from Macy's and a slew of other retailers, authorities said Wednesday.