Japan needs to invest $1.2 trln in decarbonization over 10 years- industry ministry

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TOKYO : Japan's public and private sectors will need to invest a total of 150 trillion yen ($1.2 trillion) in decarbonization over the next...

Chinese developers’ debt woes worsen as sales, yuan weaken

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HONG KONG: Chinese developer Zhongliang Holdings is scrambling to secure bondholder approval to extend the repayment on notes worth US$729 million ahead of a...

Chinese developer Sunac misses bond coupon payment as grace period ends-sources

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HONG KONG :Some of Sunac China's bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the...

The Big Read: Without fanfare, a 40-strong team is laying the groundwork to save...

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SINGAPORE: Many people sat up and took notice when Prime Minister Lee Hsien Loong spoke at the 2019 National Day Rally about spending S$100...

China’s BRI projects greatly benefit Cambodian economy, people: officials, experts

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PHNOM PENH: Projects under the China-proposed Belt and Road Initiative (BRI) have been greatly boosting Cambodia's economy and improving local people's livelihoods, Cambodian officials...

China’s outstanding property loans up 6% y/y at end-Q1

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BEIJING :China's outstanding property loans totalled 53.22 trillion yuan ($7.96 trillion) at the end of the first quarter, up 6 per cent from a...

More than 80 firms including China’s JD.com added to US SEC list facing delisting...

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The US Securities and Exchange Commission added more than 80 firms to its list of entities facing possible expulsion from American exchanges, which include...

Should Korea build new airport near Gadeok?

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The government's controversial plan to build a 13.7 trillion won ($10.8 billion) international airport near Gadeok Island, off the coast of Busan, is facing...

Russia expects trade with China to reach US$200 billion by 2024: Report

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Russia said on Saturday (Apr 30) it expected commodity flows with China to grow and trade with Beijing to reach US$200 billion by 2024,...

Foreign ownership in Saudi stock market soars to $70bn in 2021: CMA report

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RIYADH: Foreign ownership in Saudi Arabia’s stock exchange hit SR264 billion ($70 billion) last year amid efforts by the Kingdom to spur foreign investment. Increased...

Swiss National Bank opposed to holding bitcoin as a reserve currency

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ZURICH : The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank's...

South Koreans struggle to climb property ladder as prices explode

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The average price of an apartment in Seoul has doubled in five years despite government efforts to cool the market. “We are looking for a...

China will step up infrastructure construction to boost growth – President Xi

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BEIJING : China will step up infrastructure construction to boost domestic demand and drive economic growth going forward, state TV reported on Tuesday, citing...

Foreign capital pours into industrial real estate

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HÀ NỘI — The Vietnamese industrial real estate market continues to record positive signals, attracting a large amount of foreign capital. The main leverage...

Construction of southern Purple Line to begin in August

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The Mass Rapid Transit Authority of Thailand (MRTA) has told its contractors to prepare to start foundation work on the southern MRT Purple Line...

Bangkok condo market expected to recover in FY2022, says Knight Frank Thailand

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Bangkok is city of juxtapositions. The Chao Phraya River, older buildings, canals and age-old temples are surrounded by modern skyscrapers. The same applies to its...

Russia tests nuclear-capable missile that Putin calls world’s best

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LONDON, April 20 (Reuters) - In a show of strength two months into its assault on Ukraine, Russia test-launched a new nuclear-capable intercontinental ballistic...

BTS operator set to take legal action as BMA debt nears B38bn

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Operation and maintenance costs owed to Bangkok Mass Transit System Plc (BTSC), as the operator of the BTS skytrain, by the Bangkok Metropolitan Administration...

War to slash Ukraine’s GDP output by over 45%, World Bank forecasts

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WASHINGTON, April 10 (Reuters) - Ukraine's economic output will likely contract by a staggering 45.1% this year as Russia's invasion has shuttered businesses, slashed...

‘Ridiculous prices’: Australians’ home ownership dreams turn sour

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Gary Jackson, a freelance photographer in Australia’s second-biggest city Melbourne, started shopping for his first house in 2017. But after five years of searching, the...