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Philippines' Duterte approves resumption of energy projects in South China Sea
MANILA: Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume, including a possible joint venture with China.
Singapore’s GIC plans to invest more than US$1bil in Ant IPO
SINGAPORE: Singapore’s sovereign wealth fund GIC Pte plans to invest more than US$1bil in Ant Group’s mega initial public offering (IPO) as early investors look for a bigger slice of the Chinese payments behemoth, according to people familiar with the matter.
Cathay Pacific open to employee ideas as it works on restructuring plan
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd said it welcomed all employee ideas to get it through the pandemic after pilots pushing to be included in restructuring talks ran a newspaper advertisement to drum up public support.
China’s ARJ21 regional aircraft serves on new route
SHANGHAI: China’s independently developed ARJ21 regional aircraft has been plying on a new domestic route operated by China Southern Airlines, according to its developer Commercial Aircraft Corp of China (COMAC).
Chinese property firms weigh cutting home prices after Evergrande's deep discounts
HONG KONG: Country Garden, China's top property developer, and smaller real estate firms are weighing offering bigger discounts on home buys after rival Evergrande unveiled its steepest ever discount this week, analysts and a source said.
US targets Chinese individuals, firms amid South China Sea dispute
WASHINGTON: The United States on Wednesday blacklisted 24 Chinese companies and targeted individuals it said were part of construction and military actions in the South China Sea, its first such sanctions move against Beijing over the disputed strategic waterway.
Global connection, disconnection, reconnection
This is the age of disconnection. What Covid-19 has done is to show up all the flaws of global connectivity.
Oil steady as virus infections rise but hopes for vaccine lends support
NEW YORK: Oil prices were little changed on Monday as coronavirus cases increased in many countries, though a flurry of announcements about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed losses.
Foreign funds step up selling on Bursa to net RM637.2m
KUALA LUMPUR: International investors disposed of RM637.20 million net of local equities from July 13-16 (Monday-Thursday), more than double the net outflow of RM270.01 million recorded last week.
