Temasek offers $600-million rescue to Singapore shipping giant

Singapore-based Temasek Holdings Inc. stepped in as a white knight for financially-strapped Pacific International Lines (PIL), offering the latter worth $600 million of rescue...

Twin typhoon smashes into the Philippines

The Philippines was hit by a twin typhoon on Sunday--one of which considered the strongest for the year--claiming the lives of seven people amid...

Moody’s: Borrowers to face debt shock next year

Governments and corporations accumulating a significant amount of debt to combat the effects of the coronavirus disease 2019 (COVID-19) are bound to shell out...

Bid to put Malaysia under state of emergency rejected

Malaysian King Abdullah Ri’ayatuddin has rejected a proposal to declare a state of emergency to combat the increasing cases of coronavirus amid strong opposition...

Thailand government urged to boost ties with China

Thailand was seeking to deepen its trade relationship with China in a bid to support its ailing economy amid the global pandemic. In a report...

Malaysia seeks reopening of border with Singapore anew

The Malaysian government was planning to reopen its shared border with Singapore as it sought to generate more revenues for the economy that was...

Vietnam approves ExxonMobil’s plan to build a $5.09-billion LNG in Hai Phong

Vietnam has given the green light for US-based ExxonMobil to develop a $5.09-billion liquefied natural gas (LNG) in the port city of Hai Phong. A...

Laos-China railway now in advanced stages of construction

Laos-China Railway Co., Ltd. is now in the advanced stages of construction for the 422-kilometer Vientiane-Boten railway. This as drilling of the tunnels across the...

COVID-19 drags Vietnam FDI by 18.9% in January-September

Vietnam saw foreign direct investments (FDI) plunge during the first nine months of the year as a result of the coronavirus pandemic that has...

Thailand extends visa amnesty for foreigners

The government of Thailand has extended the visa amnesty for stranded foreign nationals until October 31. A report by The Nation said that the government...

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Temasek offers $600-million rescue to Singapore shipping giant

Singapore-based Temasek Holdings Inc. stepped in as a white knight for financially-strapped Pacific International Lines (PIL), offering the latter worth $600 million of rescue...