World

Asia-Pacific Economic Cooperation (APEC) leaders gathered in Bangkok, Thailand, to address global economic challenges. The summit focused on condemning the Russia-Ukraine conflict, promoting open trade, and seeking sustainable economic growth across the region. Most participants denounced the war, marking a significant diplomatic moment.

The World Trade Organization warns of potential recession in major economies, with Ukraine crisis, inflation, and food prices contributing to economic uncertainty. Developing nations face significant economic challenges.

Indonesia dramatically increased fuel prices by 30%, with Pertalite gasoline rising from 51 to 67 cents per liter and diesel from 35 to 46 cents. Long lines formed at gas stations as citizens rushed to purchase cheaper fuel before the price hike took effect.

EcoWorld Development Group has signed an MoU with Public Bank to provide special end-financing packages for green-certified properties. The Green 5Home and Green Swift Plans offer preferential pricing and fast approvals for residential and non-residential projects, supporting sustainability efforts.

Asian stock markets show mixed performance as investors await crucial US employment data. Shanghai and Seoul advanced, while Tokyo and Hong Kong retreated. The August jobs report may influence Federal Reserve's strategy on interest rates and inflation management.[100 words]

Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform that allows Malaysian investors to access 12 international stock exchanges through a single account. The platform offers low transaction fees, particularly for Priority Private clients, addressing the challenges of global market access for retail investors.

Malaysia saw RM123.3 billion in approved investments from January to June 2022, with foreign direct investments contributing 70.9% and the services sector leading at 63.3%. The investments are expected to create 57,771 job opportunities across manufacturing, services, and primary sectors.

Arizona Governor Doug Ducey celebrated Taiwan Semiconductor Manufacturing Corp's $12 billion investment in the state during a meeting with Taiwanese President Tsai Ing-wen. The investment underscores growing economic ties between Taiwan and the US in the semiconductor industry, amid increasing tensions with China.

The International Monetary Fund has reached a preliminary agreement to provide Sri Lanka with $2.9 billion over four years. The package aims to help the country recover from its worst economic crisis, contingent on approval from IMF management and assurances from key creditors like China, India, and Japan.

President Joe Biden authorized $800 million in military aid to Ukraine, including helicopters, artillery, armored vehicles, and defense equipment against potential chemical, biological, and nuclear threats in anticipation of a new Russian assault.