Author: Admin

TOPSHOT – A general aerial view shows houses and Yurts in Ulaanbaatar, Mongolia on June 25, 2024.Hector Retamal | Afp | Getty Images Mongolia, long reliant on mining, plans to build data centers powered by renewable energy as it prepares its first sovereign wealth fund aimed at channeling its mineral wealth to social welfare and infrastructure.”We have a massive land with a very favorable climate for activities like [hosting] data centers,” Temuulen Bayaraa, CEO of the sovereign fund, told CNBC on the sidelines of the Milken Institute Asia Summit in Singapore on Friday.The landlocked East Asian nation is developing special…

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He speaks with the Australian broadcaster ahead of his official visit to Australia and New Zealand[SINGAPORE] Companies have shown growing interest to shift more production into South-east Asia amid US tariffs, even as uncertainty lingers, Prime Minister Lawrence Wong said in an interview on Australia’s ABC News on Monday (Oct 6).As Asean works to become “a more attractive single market”, there will be projects where Australia can participate, he said ahead of his official visit there this week.A rewiring of supply chains towards the region had begun even before US President Donald Trump’s first tariffs in April, he noted, as…

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[BENGALURU] Growth in India’s services sector cooled in September due to weaker overseas orders, yet it remained strong, and optimism improved, a survey showed.The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 60.9 in September from a 15-year high of 62.9 in August, lower than a preliminary estimate of 61.6.Any reading above 50 indicates growth in activity.Despite losing momentum from multi-year high growth in August, business activity continued to expand robustly and was the second highest in 13 months.Firms linked the sustained growth to still buoyant demand and tech investment, although some reported facing headwinds…

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The central bank will review the policy on Wednesday, and most economists expect a further rate reduction[BANGKOK] Thailand’s annual headline inflation rate was negative for a sixth straight month in September, driven by lower energy prices, the commerce ministry said on Monday (Oct 6) as it lowered its full year forecast to 0 per cent.It was also the seventh consecutive month that the inflation rate was below the central bank’s target range of 1 to 3 per cent.The headline consumer price index (CPI) dropped 0.72 per cent in September from a year earlier, deeper than the 0.6 per cent decline…

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Indonesia lifted a suspension on TikTok’s local operating license on Saturday after the platform shared data requested by the government.Patrick T. Fallon | Afp | Getty ImagesIndonesia has reinstated TikTok’s local operating license after it shared data requested by the government that was linked to the nationwide protests between late August and September.TikTok provided the requested data on “traffic escalation and TikTok Live monetization activities” during the period of Aug. 25 to Aug. 30, via an official letter dated Oct. 3, said Alexander Sabar, an official at Indonesia’s communications and digital ministry.Government authorities temporarily stripped the social media platform of its…

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Hongqiao Market is a traditional shopping hub frequently visited by foreign tourists in BeijingIN THE bustling atmosphere of haggling at Beijing’s Hongqiao Market, the Arabic words ahlan (welcome) and shukran (thank you) can be heard interspersed amongst the lively bargaining.Hongqiao Market is a traditional shopping hub frequently visited by foreign tourists in Beijing. Before the pandemic, most foreign shoppers were from Europe and the US, with fewer Middle Eastern customers. Almost none of the vendors could speak Arabic.As China eased its visa policies to boost domestic consumption in response to US tariffs, more buyers from the Middle East began arriving.…

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