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Recovery of Malaysian banks is further away: S&P

June 30, 2021

SINGAPORE -- S&P Global Ratings said today that Malaysian banks will continue to be an Asian outlier in their recovery path. "The path to normalisation is likely to be protracted due to the flare-up of new COVID-19 waves and inevitable disruptions in near-term economic prospects," it said. "The six-month blanket moratorium revealed by the Malaysian government on June 28 should further delay the timeline for banks' return to normal."

India, Australia sign collaboration deal on cyber-enabled critical technologies

June 14, 2021

NEW DELHI -- India and Australia have announced collaboration in cyber-enabled critical technologies, following the initial conference of the India-Australia Joint Working Group (JWG) on cyber security co-operation. India's Ministry of External Affairs (MEA) said both countries reviewed a variety of topics involving cyber domain emerging technologies.

Hong Kong, Mainland China enhance law on mutual enforcement of arbitral awards

May 17, 2021

HONG KONG -- Since February l, 2000, enforcement of arbitral awards between the Mainland and Hong Kong has been governed by a separate Arrangement, which has successfully provided an effective mechanism of enforcing awards between these two jurisdictions. On November 27, 2020, a Supplemental Arrangement was signed, amending four aspects of the original Arrangement to bring it further into line with current practice in international arbitration. Some amendments became effective immediately, while others became effective only on May 19, 2021.

Expanding Thai markets for design services, digital marketing and software

May 10, 2021

BANGKOK -- Thailand shows some of the region's strongest development in e-commerce and consumer engagement in social media, with demand for relevant commercial services --i ncluding design services and software application services -- surging in Thailand, according to a new Hong Trade Development Council research report.

S&P revises outlook on Vietnam economy to ‘Positive’

May 24, 2021

HO CHI MINH CITY -- Vietnam's economy is likely to see a healthy recovery over coming years despite enduring headwinds stemming from the COVID-19 pandemic, according to ratings agency Standard and Poors, which has revised its outlook on Vietnam to positive from stable. S&P says its rating reflects the country's progress in strengthening important administrative processes, noting a continued gradual improvement in Vietnam's broader credit profile.