According to a report that was published by a financial news media source on Friday, 21jingji, China may launch a pilot program in six provinces in order to significantly accelerate the disposal of bad loans made by local small and medium-sized banks. The decision was made after a rural banking crisis in the province of Henan in central China and …

A dispute between China and South Korea over a US missile defense shield occurred on Thursday (August 11), threatening to derail efforts by the new government in Seoul to overcome longstanding security divides. After what seemed to be a successful first visit to China by South Korea’s foreign minister last week, a disagreement on the Terminal High Altitude Area Defense …

Next month, a free concert will be held in New York’s Central Park to celebrate the 10th anniversary of the Global Citizen Festival, which is organized by an international nonprofit organization that works to combat extreme poverty. Headlining the event will be Metallica, Mariah Carey, and The Jonas Brothers. In addition, on September 24, there will be a concert held …

According to comments made by Finance Minister Sri Mulyani Indrawati on Thursday, the Indonesian government has requested that state-owned energy company Pertamina restrict the amount of subsidized fuels it sells in order to avoid placing additional strain on energy subsidies. Indonesia has increased its energy subsidies for this year to a total of 502 trillion rupiah, which is equivalent to …

After more than five weeks on the run, a fugitive couple that is suspected of being involved in a luxury goods scam in which dozens of people lost millions of dollars has been apprehended in Malaysia and handed over to the Singapore Police Force (SPF). The scam allegedly involved the sale of counterfeit designer goods. The Singapore Police Force (SPF) …

Johnson & Johnson announced on Thursday (August 11) that it will stop selling talc-based baby powder globally in 2023. This decision comes more than two years after the company stopped selling a product in the United States that was the subject of thousands of consumer safety lawsuits. “As part of a worldwide portfolio assessment, we have made the commercial decision …

In November 2020, Alef Education and the Ministry of Religion inked an agreement giving up to 500,000 students in seventh grade access to the platform beginning in July 2021. After hearing how useful the website has been from Indonesian madrasah educators and their students, the curriculum for grades 7-12 will be expanded to include Arabic classes. 1.5 million students will …

Monday’s FBI search at Donald Trump’s Florida home leads to the former president’s prosecution, as supporters fear and detractors hope. The United States has been a long-time laggard in enforcing the law against former leaders. Former presidents and prime ministers have been tried and frequently convicted in many of the world’s major democracies, mostly for crimes they committed, covered up, …

According to Mr. Tanee Sangrat, director general of Thailand’s Information Department, Foreign Affairs Ministry, on Wednesday, the Sri Lankan government has filed a request to Thailand for its former president Gotabaya Rajapaksa to enter the country. Gotabaya Rajapaksa is seeking asylum in Thailand (Aug 10). “The present government of Sri Lanka made a request to the Thai side for the …

After more than a year of discussions, media powerhouses ABS-CBN and TV5 have put their signatures on an investment transaction with multiple billions of pesos, which will effectively combine the content and resources of both organizations. On Thursday, August 11, ABS-CBN said in a statement to the Philippine Stock Exchange that it will be purchasing close to 6.5 million primary …