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What happens next after China Evergrande ordered to liquidate
Reuters, Published on 29/01/2024
» HONG KONG - A Hong Kong court on Monday ordered China Evergrande, the world's most indebted developer, to be liquidated. The move could send shockwaves through already fragile Chinese capital and property markets. Such a process could be complicated, with potential political considerations, given the many authorities involved.
China developer Kaisa says creditors will get less than 5% back if liquidated
Reuters, Published on 10/10/2023
» HONG KONG - Struggling Chinese property developer Kaisa Group said creditors would get less than 5% of their money back if it is forced into liquidation, a lawyer for one creditor who is suing the company told a Hong Kong court on Tuesday.
Indonesia to ban goods transactions on social media
Reuters, Published on 13/09/2023
» JAKARTA - Indonesia is planning to ban goods transactions on social media under new trade regulations, the deputy trade minister told a parliamentary hearing on Tuesday.
Philippines looks to import 500,000 tonnes of rice
Reuters, Published on 16/08/2023
» MANILA: The Philippines' Department of Agriculture is recommending additional rice importation of about 500,000 metric tonnes to cover potential crop losses from the El Nino dry weather condition, a senior official said on Wednesday.