SE Asian IPOs show tentative revival as issuers brave markets

SE Asian IPOs show tentative revival as issuers brave markets

A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in Southeast Asia later this year, pointing to an upturn after pandemic-hit markets and weak economic growth slashed fundraising. In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to ...

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Najib gets 12 years jail for corruption in first 1MDB trial

Najib gets 12 years jail for corruption in first 1MDB trial

Malaysia's former leader Najib Razak was found guilty of corruption on Tuesday in the first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB) that stretched to the Gulf states and Hollywood. Najib was sentenced to 12 years in jail by the Kuala Lumpur High ...

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India bans 47 more Chinese mobile apps

India bans 47 more Chinese mobile apps

India has banned 47 more Chinese apps just weeks after blocking the highly popular video-sharing platform TikTok and 58 others over national security and privacy concerns, an information ministry official and media reports said on Monday. Tensions between the world's two most-populous nations soared last month after a Himalayan border ...

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BOJ goes digital in coronavirus recovery

BOJ goes digital in coronavirus recovery

Big data is providing some surprising results for the Bank of Japan and helping ease concerns about pressure on the economy during the coronavirus pandemic, which could influence the way the BOJ manages the world's most radical monetary stimulus. By tapping data provided by Google showing people's movement via mobile ...

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Indian bad debts could top 12.5% by March

Indian banks' bad debts could be near 15% by March

MUMBAI: Bad loans in the Indian banking system could soar to almost 15% of total loans by March 2021 as the coronavirus crisis leads to rising levels of household and corporate debt, the Financial Stability and Development Council said in a report on Friday. Indian banks have been battling rising ...

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Alibaba, Jack Ma summoned by Indian court

Alibaba, Jack Ma summoned by Indian court on former employee's complaint

An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, documents seen by Reuters show. The case comes weeks after ...

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Fears in India as Kuwait looks to cap migrant workers

Fears in India as Kuwait looks to cap migrant worker numbers

With no job or savings, Indian electrician Shibhu Clemance had hoped to return to work in Kuwait - until he learned of a proposal to drastically cut back on migrants in the country. The 38-year-old, who lost his job in February due to the coronavirus pandemic, is among more than ...

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