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Bloomberg Taiwan will offer 500,000 tourists a cash or discount incentive this year as it tries to shore up its post-pandemic travel industry and boost spending. The incentives, worth NT$5,000 ($165) each, were announced as part of a NT$5.3 billion package to attract international tourists. The total value of the perks comes to NT$2.5 billion ($82.4 million). A spokesperson for ...

  Bloomberg Data centre operator GDS Holdings Ltd is considering selling a minority stake in its international business for about $300 million to $400 million to a strategic partner, according to people familiar with the matter. The Shanghai-based digital infrastructure company is working with an adviser and is weighing selling about a 30% to 40% stake in the assets, the ...

  Bloomberg Singapore’s core inflation, the gauge closely-watched by the central bank, rose to a 14-year high, even after the central bank has tightened policy five times since October 2021. The measure, which excludes private transport and accommodation, rose 5.5% in January from a year earlier, the fastest pace since November 2008 according to a statement. That compares with a ...

  Bloomberg Vietnam’s property debt crisis is intensifying as the country’s second-largest developer joined the ranks of peers seeking debt extensions after failing to repay a bond on time. No Va Land Investment Group said it will delay repayment of a 1 trillion dong ($42 million) note originally due on February 12 and asked holders for an extension or to ...

Bloomberg Group of Seven (G-7) finance ministers once again condemned Russia’s war in Ukraine on the eve of its one-year mark and pledged to increase financial support for Ukraine. G-7 finance ministers increased their budget to $39 billion dollars and reaffirmed their “unwavering support for Ukraine,” calling Russia’s aggression as “illegal, unjustifiable and unprovoked” in a statement issued on Thursday. ...

Bloomberg Finland is set to join Nato if it gets the last outstanding ratifications for its membership bid, regardless of what progress Sweden has made towards joining the alliance, President Sauli Niinisto said. Finland’s parliament has moved ahead with a domestic process to ratify the Nordic country’s accession to Nato, raising questions about whether the two countries could be admitted ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has signed an agreement with the Nigerian government to finance a major road project in the country. The fund has allocated AED165 million ($45 million) to support the Minna-Bida Road project, ADFD’s first development project in Nigeria, which is expected to stimulate commercial activities and improve transport links between the ...

  Abu Dhabi / WAM A number of international experts on human rights reiterated that the United Arab Emirates (UAE) is a pioneer in human rights and has become a prominent partner in advancing the human rights worldwide. The experts noted that the UAE is also a partner in decision-making on global human rights, especially with its winning of membership ...

  Abu Dhabi / WAM Air Arabia Abu Dhabi announced the launch of its two new routes from Abu Dhabi to Baghdad and Erbil in Iraq. The new direct flights will connect Abu Dhabi International Airport to both Baghdad International Airport and Erbil International Airport with a frequency of two flights per week starting from June 22. Adel Al Ali, ...

  Bloomberg Oil extended its longest run of losses this year ahead of the release of Federal Reserve minutes that may provide further clues on the path forward for monetary tightening in the US. West Texas Intermediate traded near $76 a barrel after declining for a fifth session. The prospect of more aggressive interest-rate hikes from the Fed to quell ...