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The United States and South Korea will 'coordinate' their semiconductor investments.
John Kirby, the National Security Council's coordinator for strategic communications, stated on Tuesday that South Korea and the United States will "coordinate" their chip investments in response to a Financial Times report stating that Washington requested Seoul not to fill any mar...
A cyber specialist claims that in the past eight years, Pakistan has made significant investments in the technological capacity to conduct espionage
Dawat-e-Islami has used digital technology to penetrate the homes of Indian Muslims, according to the findings of a special investigation conducted by India Today that also revealed Pakistan.
Jain claimed, "Pakistan in recent 8 years has spent extensively in technology capabilities...
Sri Lankan government appoints a new 8-member committee to supervise Cryptocurrency and Blockchain
Sri Lankan government appoints a new eight-member committee, including officials and Fintech experts from the banking sector.The committee members will observe the growth in the crypto space.
Highlights
- Sri Lankan government appoints new committee to ...
CHINA SAW ITS FDI TO RISE 38.6% IN JANUARY – APRIL PERIOD
Highlights –
- China saw its FDI to rise 38.6% in January-April period.
- China saw foreign investment in the services industry to surge 46.8 percent year on year.
- Association of Southeast Asian Nations investments expanded 65.2 per...
FAKE GRAYSCALE LIMITED LIABILITY TRUSTS SET UP FOR NAHMII & THETA TOKENS
Highlights:
• Grayscale investments never setups any trust without announcements
• The firm has 34 registered trusts which are all Statutory trusts unlike the fake ones which are Limited Liabilit...
2021, A YEAR OF CRYPTOCURRENCIES
Highlights:
• Passive investment funds continue to dominate
• The domain is already doing better than the Q4 results of 202...
NET PROFIT OF SOFTBANK GROUP IN APRIL-DEC. PEIOD RISE OVER $29 BILLION
Highlights –
- Net profit of SoftBank Group in April-Dec. period rise over $29 billion.
- The massive increase was due to the stock valuation of its tech-company investments.
- The company’s sales in nine months through Dec. were 4.14...
CHINA MINISTRY OF COMMERCE ENCOURAGES MORE SECTORS FOR FOREIGN INVESTMENT
Highlights –
- China Ministry of Commerce encourages more sectors for foreign investment.
- China’s National Development and Reform Commission also encourages the same.
- The new list has 127 more items, which is a rise of 10 percent ...
CHINA INVESTMENTS WITH EU STATES UNDER THREAT OVER EP RESOLUTION ON UYGHURS
Highlights –
- China investments with EU states under threat over EP resolution on Uyghurs.
- The EP passed a resolution on Dec. 18 on forced labour and conditions of Uyghurs.
- Uyghurs and other primarily Muslim ethnic minorities live in X...
SK BIOSCIENCE LOOKING AT AN IPO MONEYSPINNER WITH ASTRAZENECA COVID-19 VACCINE DEAL
- Ever since a deal was reached in July for SK Bioscience to manufacture AstraZeneca's COVID-19 vaccine, the SK subsidiary has already succeeded in producing the vaccine at its Andong L HOUSE vaccine center.
- While some vials of the vaccine produced have already been exported,...
CHINESE REALTY SEEKERS OPT FOR PORTUGAL AND SINGAPORE SHUNNING US AND AUSTRALIAN MARKETS
- Property investors from mainland China are shifting their gaze on Portugal and Singapore as alternative investment locations, while offloading more money out of traditional markets like the US and Australia and Britain amid concerns about difficult trade relations.
- While the Co...
ZOMATO GETS $ 52 MILLION FUNDING FROM KORA INVESTMENTS
HIGHLIGHTS
- Zomato is trying to raise almost US $ 600 million as part of its ongoing funding round.
- It has raised the funds worth US $ 52 million.
The Gurugram-based Food startup Zomato is in talks to raise almost US $ 600 million as ...
SINGAPORE THE NEWS BUSINESS DESTINATION FOR GLOBAL PLAYERS LIKE TIK TOK, PAY PAL, TWITTER
HIGHLIGHTS
- Singapore's business sector is on boon as foreign companies look upon it as an accommodating country especially from the technology point, amid the troubling worldwide monetary atmosphere.
Among the organizations increasing their...
FOREIGN INVESTORS SAGS THAILAND ECONOMY DUE TO POLITICAL TENSIONS
HIGHLIGHTS
- Political unrest and public demands bring in the wavy and shaky economy for Thailand
- As Thailand faces distrust of foreign investors due to anti-government rally and causing the economic wide deeper
Speculator trust in Tha...
ABERDEEN STANDARD POSTPONES JAPAN RESIDENTIAL FUND LAUNCH
HIGHLIIGHTS
- The recession caused by COVID-19 pandemic has deeply hurt the property market in Japan.
- ASI from United Kingdom (UK) had collaborated with Japan‘s SMTB to launch a residential venture in Japan.
- Due to recession, the plans ...
BANKS REQUEST THE FINANCE MINISTRY AND RBI TO RELAX ECB RULES
Highlights
• According to the data given by Singapore-based firm BondEvalue, a set of 53 bonds now globally yield spreads of over 450 basis points
• If the Finance Ministry and the RBI approve relaxation, the companies facing shortage of funds can rake in funds from ...
INDIA OFFICIALLY BARS AUTOMATIC CHINESE FDI IN THE COUNTRY
Highlights:
- India, to safeguard Chinese takeover of Indian firms bans automatic FDI from China
- This ensures that no Chinese investment enters India through linkages or through countries like Singapore, Hong Kong
The Indian Department for Promotion of...
BSE DIVES BY 1,100 POINTS, NIFTY BY 11,285 : LIKELY MARKET CRASH PREDICTED
Highlights:
- Markets crash as COVID-19 pandemic fears grip investors
- The sixth-day dive of the market today
- Investor mood sluggish
- FPIs sell relentlessly
Coronavirus is driving investors away and the fear of economies not recover...
GRAND PARADE TO SELL ITS STAKE IN BURGER KING FRANCHISE TO ECP AFRICA FUND
Highlights
- GPI Ltd. has 95.36% stake in Burger King franchise
- It will be for 697 million rand
On Wednesday, Grand Parade Investments (GPI) Ltd stated that it will sell its 95.36% stake in the Burger ...
Car companies aim to expand production in Vietnam
Automotive producers in Vietnam are expanding production in an attempt to decrease their dependence on imported products.
The US Ford company reported on 14 January its proposed $82 million in expansion of its plant from 14,000 to 40,000 vehicles annually in Northern Variety, with a tri...