Vietnam tells importers to reject items with disputed South China Sea map

Vietnam: Vietnam wants its importers to ensure that what they’re bringing into the country won’t contain a disputed South China Sea map that’s been spotted in items from vehicle navigation to solar inverter software. The Ministry of Industry and Trade, in a statement on the website, said companies must review contracts and improve their monitoring […]

Alibaba’s $11b listing to propel Hong Kong to top IPO spot

Alibaba Group Holding’s $11 billion Hong Kong listing is set to propel the financial hub to the top spot globally in terms of fundraising from initial public offerings (IPO). The share sale by the e-commerce giant is a huge boon for Hong Kong, which has been rocked by increasingly violent anti-government protests and earlier this […]

India heading for economic growth below 5%

New Delhi: India’s economic growth probably hit a new low last quarter, with early forecasts showing expansion below 5 per cent. Economists at State Bank of India, Nomura Holdings Inc and Capital Economics Ltd lowered their growth forecasts for the quarter ended September to between 4.2 and 4.7 per cent. The government is scheduled to […]

India offers ailing telecom firms two-year moratorium on payments

MUMBAI: India has granted the country’s beleaguered telecom giants a moratorium on spectrum payments until the end of March 2022, offering much-needed respite after the Supreme Court slapped a massive $13-billion bill on the companies. Vodafone Idea and Bharti Airtel bore the brunt of last month’s court ruling ordering firms to pay a combined Rs920 […]

Non-oil trade between Dubai, Africa to cross Dh1 trillion

ABU DHABI: The Africa Investment Summit, AIS, a two-day event that seeks to enhance dialogue between global, long-term investors and African-based sovereign wealth funds, financial institutions and corporates, opened on Monday in Abu Dhabi. Hosted by the Abu Dhabi Investment Authority, ADIA, the event brings together more than 180 representatives of sovereign wealth funds, global […]