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HONG KONG: China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts, in its latest move to ease a severe cash crunch in the embattled sector, four people with knowledge of the matter said.
BANGALORE (The Straits Times/Asia News Network): Chinese Foreign Minister Wang Yi on Sunday (Jan 9) met Sri Lanka’s President Gotabaya Rajapaksa and his brother, Prime Minister Mahinda Rajapaksa, reaffirming bilateral ties before discussing tourism, investments and the fight against Covid-19.
SHANGHAI: China stocks fell on Tuesday in their first trading session in 2022, as weakness in tech shares offset a rebound in property plays.
Group’s liabilities exceed current assets
HONG KONG: After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with pessimistic comments from the property developer raising expectations of direct state involvement and a managed debt restructuring.
Debt-laden developer China Aoyuan tumbles after failing to meet US$651 million of payment demands triggered by ratings downgrades
Cash-strapped property developer China Aoyuan Group has failed to meet creditors’ demands for the payment of US$651 million in debt following recent credit rating downgrades. Its stock fell 12 per cent to HK$1.78 on Friday.
BERLIN (Reuters) - Germany's new coalition parties agreed to create more fiscal firepower for election promises by stretching the repayment period of coronavirus debt and bolstering the government's climate investment fund with a budget manoeuvre.
HANOI (Vietnam News/Asia News Network): Vietnam's Government is planning a master programme to gear up for a post-pandemic recovery, which this time requires sophisticated organisation and effective implementation to ensure long-term efficiency.
PETALING JAYA: Bumi Armada Bhd’s balance sheet recovery and borrowings are becoming more manageable as it meets with its debt repayment obligations.