Laos is expected to pass majority ownership of its electrical grid to a Chinese firm as it tries to keep off a possible debt default, said people with direct knowledge of the deal.The agreement comes at a time when critics accuse Beijing of ‘debt trapping diplomacy’ to gain strategic advantage in countries struggling to repay loans under President Xi Jinping’s …

In the midst of the slower speed of residential project sales, the Bank of Thailand has closely controlled property supply, vowing to hold unchanged loan-to – value (LTV) regulations for mortgage loans. Based on a review of the property sector’s remaining inventory, there is no oversupply in the industry, reported Ronadol Numnonda, Deputy Governor for Stability of Financial Institutions. Because …

House of Representatives (DPR) Speaker who also the Indonesian Democratic Party of Struggle (PDI-P) Central Executive Board, Puan Maharani received sharp attention and criticism because of her speech. In the speech, Puan said that West Sumatra could become a province that supports Pancasila. “Hopefully West Sumatra can become a province that supports the Pancasila state, Bismillahirrahmanirrahim (in the name of …

The government plans to combine a national identification number (NIK) and a taxpayer registration number (NPWP). This plan is in line with the government’s program to implement a single identity or Single Identity Number (SIN). Director-General of Taxes Suryo Utomo explained that the process of merging NIK and NPWP is currently still running. Combining NIK and NPWP into one single …

KUALA LUMPUR – Malaysia will not entertain extradition request for Uighur refugees and will allow them safe passage should they feel that their safety is compromised, says minister. Minister in the Prime Minister’s Department, Datuk Seri Mohd Redzuan Md Yuso, said that the country respects the right of sovereign countries to manager their affairs. Mohd Redzuan added that if there …

PETALING JAYA – A three-carriage electric train (KTM Komuter) and another one from the Electric Train Service was involved in an accident near Kuang on Friday, injuring one passenger. According to Malayan Railway Corporation (KTMB) Chief Executive Officer Datuk Kamarulzaman Zainal,The 6.37pm incident involved an electric train that was on route from Tanjung Malim Station to Sungai Buloh Station and …

METRO MANILA – YouTube star and Internet personality Lloyd Cafe Cadena died Friday. He was 26. His passing was confirmed from a post in his official Facebook account. “It is with a heavy heart and great sadness that we announce the untimely demise of our beloved brother Lloyd Cafe Cadena,” the post read. “May he be remembered for all the …

METRO MANILA – The Department of Transportation (DOTr) said the the Metro Manila Subway is designed to endure against flooding, thanks to the experience of a Japanese firm serving as the contractor for the project. DOTr Secretary Arthur Tugade assured that they will not be experiencing flooding problems on the subway as the technology and experience of the Japanese construction …

Singapore’s banks and finance firms would have access to more funds if they face liquidity issues due to the Covid-19 pandemic. The Singapore Monetary Authority (MAS) is carrying out a pre-emptive Singdollar term facility to handle liquidity constraints before they become severe challenges. Although Singapore’s banks and finance companies maintain healthy liquidity buffers, MAS is preemptively implementing this facility to …

METRO MANILA – The Movie and Television Review and Classification Board (MTRCB) on Thursday seeks to regulate content on international streaming site Netflix and several others. MTRCB Legal Affairs Division chief Jonathan Presquito told the Senate Committee on Trade, Commerce and Entrepreneurship that it is the agency’s job to review all motion pictures being shown in the country regardless of …