The term “three-generations-in-tobacco” has become synonymous in China with a privileged elite who monopolize coveted jobs, such as within the state-owned tobacco monopoly, passing them down through their families. According to The Economist, this phenomenon has sparked widespread anger and accusations of a closed circle of power that stifles opportunities for social advancement. The optimism […]
The tragic death of a 26-year-old employee at a leading accounting firm has ignited widespread debate about the demanding work culture in corporate India and its impact on employee health and well-being. Anna Sebastian Perayil, a chartered accountant at Ernst & Young (EY), died in July, just four months after starting her job at the […]
In a move that underscores their growing strategic ties, India and the United States have announced a groundbreaking semiconductor partnership. This “watershed arrangement” will establish India’s first national security semiconductor fabrication plant, set to produce advanced chips vital for military hardware, next-generation telecommunications, and green energy technologies. This landmark collaboration, announced during talks between Indian […]
Singapore has launched a major initiative to breathe new life into its faltering stock market, but insiders at the exchange operator and market participants express deep skepticism about the chances of success, reports Bloomberg. In August, the city-state’s government announced a task force aimed at revitalizing the S$811 billion ($632 billion) market, which has lost […]
In a significant move to bolster its struggling economy, China’s central bank has unveiled a sweeping set of policy measures aimed at achieving the country’s annual growth target of about 5 per cent. The People’s Bank of China (PBOC) governor Pan Gongsheng announced a series of cuts, including lowering the amount of money banks must […]
Thailand has made history by becoming the first country in Southeast Asia to legalize same-sex marriage, following the royal endorsement of the Marriage Equality Bill. The landmark legislation, published in the Royal Gazette on Tuesday (September 24) evening, grants same-sex couples the same legal rights and protections as heterosexual couples. King Maha Vajiralongkorn approved the […]
Citigroup’s ambitions to expand its securities business in China have hit a snag due to regulatory penalties imposed by the US Federal Reserve, reports Bloomberg. The bank is facing delays in setting up a standalone securities firm as it awaits a clearance letter from the Fed, a requirement by Chinese authorities. The setback comes after […]
Sri Lankans elected leftist politician Anura Kumara Dissanayake as the new president in the debt-ridden country’s first election since its economy collapsed in 2022. The 55-year-old defeated his nearest rival, opposition leader Sajith Premadasa, to emerge as the clear winner after a historic second round of counting, which included second-preference votes, after no candidate won […]
Sri Lanka’s newly elected President Anura Kumara Dissanayake has taken a bold step by dissolving the nation’s parliament and calling for early elections, a move he frames as crucial for combating corruption and renegotiating the country’s $3 billion bailout from the International Monetary Fund (IMF). In a special gazette issued Tuesday, Dissanayake ordered parliamentary elections […]
