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Turkmenistan opens $2bn bird-shaped airport

  Ashgabat/ AFP Turkmenistan’s President Gurbanguly Berdymukhamedov on Saturday hailed his country’s “solid transit potential” as he unveiled an international airport worth over $2 billion in the capital Ashgabat. Berdymukhamedov said the new airport’s two passenger terminals would have the capacity to serve 17 million passengers a year while the freight terminal could handle 200,000 tons of freight annually. The ...

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China’s holdings of US Treasuries fall to lowest since ’13

  Bloomberg China’s holdings of U.S. Treasuries fell in July to the lowest level in more than three years, as the world’s second-largest economy pares its foreign-exchange reserves to support the yuan. The biggest foreign holder of U.S. government debt had $1.22 trillion in bonds, notes and bills in July, down $22 billion from the prior month, in the biggest ...

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Indonesians declare $8.9bn of Singapore assets for tax

  Bloomberg Indonesians have declared 117.3 trillion rupiah ($8.9 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry said. Of the total Singapore assets declared to the Indonesian government as of Sept. 15, only 14.1 trillion rupiah, or about 12 percent, has ...

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