Business

Vietnam's gold prices dropped by VN₫300,000 to VN₫400,000 this week, with leading manufacturers like SJC selling at VN₫47.3 million per tael. The reduction aims to stimulate investor interest during a period of low demand in the domestic market.

Chinese tech company TCL will cease manufacturing BlackBerry-branded smartphones this August, ending a partnership that began in 2016. During their collaboration, TCL successfully produced the popular KEY Series, breathing new life into the once-struggling smartphone brand.

Indonesia's 2023 ASEAN presidency aims to accelerate economic recovery by enhancing regional connectivity, improving competitiveness, and strengthening financial and food security sectors. Coordinating Economic Minister Airlangga Hartarto emphasizes bridging digital gaps and supporting post-pandemic growth strategies.

Uber co-founder Travis Kalanick announced his resignation from the company's board by December 31, citing a desire to pursue new business and philanthropic endeavors. After selling most of his shares in November, Kalanick reflects on his 10-year journey with the ride-hailing giant and looks forward to future opportunities.

Hong Kong's government celebrates its continued recognition as the world's freest economy by the Fraser Institute. The annual report highlights the territory's top ranking in "Freedom to Trade Internationally" and commitment to maintaining an efficient, open market environment.

The Organization of Petroleum Exporting Countries (OPEC) and allies have moved their meeting earlier to address the sharp decline in oil prices caused by the coronavirus outbreak. With China's economic slowdown and global market uncertainty, the joint technical committee will evaluate potential production cuts to stabilize oil markets.

Lithuania has completely eliminated Russian gas imports, marking a significant milestone in energy independence. The country's energy ministry announced the move as a response to Russia's energy blackmail and ongoing conflict in Ukraine.

Despite month-long demonstrations, Hong Kong's Chief Executive Carrie Lam affirms the city's financial system remains strong. Drawing lessons from the Asian financial crisis, Lam emphasized that the protests have not undermined the city's status as a global financial hub.

Customers of Clydesdale and Yorkshire Banks are experiencing significant disruption as salary payments are delayed. Many account holders, including parents like Libby Horbury, report no funds entering their accounts after Christmas, raising concerns about financial stability and bank responsiveness.

Dive into the unfolding scandal at KNM Group Bhd, where Tunku Datuk Yaacob Khyra is identified as the ringleader of a vote rigging and shareholder identity misuse scheme. This exposé reveals the depths of the fraudulent activities that have thrust the company into the spotlight of federal investigations and led to significant legal and corporate governance repercussions.