Business

28 Feb 2020; MEMO: The Palestinian-led boycott movement has slammed a motion passed by the Austrian parliament that singles out the Boycott, Divestment and Sanctions (BDS) campaign for criticism.

LONDON, Feb 28 (NNN-AGENCIES) — The British government will decide in June whether to abandon talks with the EU and prepare for a no-deal Brexit on World Trade Organization terms.

The decision will be made if insufficient ground has been covered in talks with the EU.

The acid test will be if what it calls “good progress” has not been made on areas such as financial services and data, which the government sees as the easiest areas to negotiate.

KUALA LUMPUR, Feb 28 (NNN-BERNAMA) — Istana Negara will give a chance to political parties with representatives in the Dewan Rakyat to nominate candidates for the post of prime minister. 

A statement issued by the Comptroller of the Royal Household, Datuk Ahmad Fadil Shamsuddin, said today.

“Istana Negara will contact the heads of political parties with representatives in the Dewan Rakyat to give them an opportunity to nominate names of Dewan Rakyat members for the post of prime minister,” it said.

New Delhi, Feb 26 (PTI) A Russian delegation headed by Deputy Chairman of the Council of Ministers is on a visit to India and held meetings with Indian businesses to deepen the bilateral economic partnership.

Georgy Muradov, the Deputy Chairman of the Council of Ministers and Permanent Representative of the Republic of Crimea to the President of the Russian Federation, is leading the delegation on a working visit to India.

LONDON, Feb 27 (NNN-Xinhua) — British Prime Minister Boris Johnson announced a major review of the country’s post-Brexit approach to defense, security and international development, which will define and overhaul Britain’s place in the world.

Described as the largest review of Britain’s foreign, defense, security and development policy since the end of the Cold War, it will cover all aspects of Britain’s place in the world, from diplomatic service and the country’s approach to development to the capabilities of its armed forces and security agencies.

BOGOTA (Colombia), Feb 27 (NNN-MERCOPRESS) — At least five Latin American governments and several companies are considering debt sales to fund environmentally friendly projects in what is expected to be the region’s most active year for the issuance of so-called green bonds since 2017.

PUTRAJAYA, Feb 27 (NNN-BERNAMA) — Malaysia’s interim Prime Minister, Tun Dr. Mahathir Mohamad today announced a RM20 billion economic stimulus package aimed at reducing the impact of Covid-19 on the country’s economy.

From tax incentives to measures to put more money in the pockets of Malaysians, the three-pronged package has been tailored to assist companies and businesses affected by the spread of the virus, while ensuring continued national economic growth and quality investments.

COLOMBO, Feb 27 (NNN-SL NEWS) – Sri Lanka’s Transport Ministry, today (Thursday) said, it will construct the country’s first electric rail track, in the central highlands of Kandy, to ease traffic and further develop the island’s transport sector.

State Minister of Transport, Dilum Amunugama, told media that, the new electric rail track had been planned to be constructed between Rambukkana, around 78 km away from the capital, Colombo, to Kandy, to make railway commuting easy and effective.

26 Feb 2020; MEMO: Saudi Arabia’s Capital Market Authority (CMA) has given companies listed on the country’s stock exchange, known as Tadawul, until the end of March to disclose its annual reports for 2019.

Local media recently reported that Saudi Aramco – world’s largest oil producer – was yet to announce its business and financial reports, while most of the country’s energy companies have incurred heavy losses, according to analysts.

Hong Kong, Feb 26 (AFP/PTI) Hong Kong's government on Wednesday said it will give a HK 10,000 ($1,280) handout to seven million permanent residents in a bid to jump-start a recession-hit economy now compounded by the coronavirus outbreak.

Financial Secretary Paul Chan unveiled the cash gift in an annual budget, committing 120 billion to help alleviate the worst economic downtown the international financial hub has faced in a decade.