Brunei Financial News

Senior finance and central bank officials from Southeast Asia and major economies are meeting in the scenic Laotian city of Luang Prabang to discuss ways to help the region build resilience against shocks like the COVID-19 pandemic and natural disaster...

Indian Coast Guard ship Samudra Paheredar, a specialised Pollution Control Vessel, on Tuesday made a port call at Ho Chi Minh in Vietnam as part of its ongoing overseas deployment to the ASEAN countries, officials said. This deployment is a testimony to the ICG's commitment to «bolster bilateral relationships» and «enhance international cooperation» with friendly countries, the Defence Ministry said in a statement. «The deployment of Samudra Paheredar to the ASEAN region reflects India's shared concern and resolve towards marine pollution, promoting safety and security through maritime cooperation. Prior to Ho Chi Minh, the vessel had visited Manila, Philippines, to demonstrate a seamless continuation of diplomatic maritime engagements in the ASEAN region,» it said. The ship is equipped with specialised marine pollution control equipment and a Chetak Helicopter in pollution response configuration, designed to contain and recover spilled oil and augment the operation.

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

Melinda Pavek, Consul General at US Consulate General in Kolkata visited IIM Shillong to discuss prospective academic collaborations. Drawing upon her diverse background in both diplomatic and corporate spheres, Consul General Pavek shared her journey of her current position, highlighting key roles such as Counselor for Science, Innovation, and Development at the U.S. Embassy in Tokyo and Deputy Chief of Mission in Bandar Seri Begawan, Brunei. Her extensive experience, ranging from public service as a Foreign Service Officer to corporate roles at Johnson & Johnson, provided valuable insights into the intricacies of international relations. Prof D P Goyal, Director, IIM Shillong mentioned about various initiatives of IIM Shillong and highlighted the International Collaborations with the B Schools of US resulting in mutual exchange programme, joint research initiatives, and faculty collaborations between IIM Shillong and B Schools of US.

MILAN is an India-hosted biennial multi-national naval exercise that originated in 1995. The exercise aims to enhance cooperation and interoperability among the navies of diverse participating countries.

Chief of Defence Staff Gen Anil Chauhan on Friday said India is looking at dealing with long-term challenges that may emanate from China besides focusing on the current situation along the Line of Actual Control (LAC). He made the remarks at the Raisina Dialogue. The Chief of Defence Staff, especially spoke about bridging any technological deficiencies. "(We are looking at) not only what is happening along the northern borders, but also long-term challenges so that we do not have a technological kind of a deficiency," he said.

BEIJING (Reuters) -China and the Philippines agreed to improve maritime communication and to properly manage conflicts and differences through friendly talks in regards to issues around the South China Sea, according to a statement from the Chinese foreign ministry.

A court in New York decided to expose the names associated with the notorious sex offender Jeffrey Epstein. The names constitute 170 illustrious individuals from various walks of life. The names include bigwigs from the world of politics, science, and business. Names such as US former Presidents Bill Clinton and Donald Trump, Stephen Hawking have come up during the investigation. Hundreds of court filings linked to the disgraced financier were made accessible to the public on Wednesday. Consisting of 40 documents with almost 1,000 pages of statements, it exposed gory details about Epstein’s network. However, the complete collection of documents is still awaiting release.

India and the Philippines in the disputed South China Sea, the Chinese military on Thursday said defence cooperation between different countries should not harm the interests of third countries and regional peace. Answering a question from Chinese official media about naval exercises between an Indian naval ship and the Philippines naval vessel besides plans by France to hold naval and air drills with the Philippine Navy, Spokesman of the Chinese Defence Ministry Senior Col Wu Qian said China has taken note of the reports.

Xi Jinping has promoted two naval officers, including a submarine expert, as top naval commanders which involves the Chinese navy's operations in the disputed South China Sea. Xi, who is also the chairman of the powerful Central Military Commission (CMC), the overall high command of the armed forces besides being the President and head of the ruling Communist Party, has presented certificates of order to promote two military officers to the rank of General, official media reported on Tuesday. General is the highest rank for officers in active service in China.

Chinese state media accused the Philippines on Monday of repeatedly infringing on China's territory in the South China Sea, spreading false information and colluding with extraterritorial forces to cause trouble. The Philippines has relied on U.S. support to continually provoke China, with such "extremely dangerous" behaviour seriously harming regional peace and stability, China's Communist Party mouthpiece, the People's Daily, wrote in a commentary on Monday.

MANILA: The Philippines said Sunday more than 135 Chinese vessels were «swarming» a reef off its coast, describing the boats' growing presence as «alarming». The Chinese boats were «dispersed and scattered» within the boomerang-shaped Whitsun Reef, which the Philippines calls Julian Felipe Reef, around 320 kilometres (200 miles) west of Palawan Island, the coast guard said. Whitsun Reef is more than 1,000 kilometres from the nearest major Chinese landmass of Hainan island. The Philippines said it counted 111 «Chinese maritime militia vessels» (CMM) on November 13.

Think-tank GTRI on Sunday suggested that the government study the bilateral free trade agreement with Singapore and as part of the Asean bloc together while reviewing its trade pact with the 10-nation grouping.Singapore is a member of 10-nation Asean bloc with which India has a free trade agreement in goods since 2010. Separately, India also implemented a comprehensive free trade agreement (FTA) with Singapore in 2005.The Global Trade Research Initiative (GTRI) also suggested a similar exercise with Thailand, another member of Association of Southeast Asian Nations (Asean). India signed a limited free trade pact with Thailand in 2006.

China and the United States exchanged accusations at the weekend over the disputed South China Sea, after China's military said it had driven away a U.S. warship that the U.S.

China has announced that it will allow visa-free entry for citizens of five European countries and Malaysia as it tries to encourage more people to visit for business and tourism

Philippines are conducting joint air and maritime patrols in the South China Sea, which come as the two countries step up cooperation in the face of growingly aggressive Chinese activity in the area. The Philippine Air Force said Wednesday its aircraft had taken part in joint patrols on Tuesday in the vicinity of Batanes, the northernmost province of the Philippines, which is only about 200 kilometers (125 miles) from Taiwan, a self-governed island that China claims as its own. The patrols run through Thursday and also include both the U.S. and Philippine navies.

technology ecosystems and learning resources, including in local languages. During the second edition of the Voice of Global South Summit, hosted by India, the ministers underlined the central role of teachers and education staff all over the world in promoting education and the need to foster an environment, including through capacity building and exchange programmes, that will enable them to thrive in their profession.

South China Sea, in addition to violations of established codes of conduct, poses a clear danger to «good order» and «discipline» at sea, Navy Chief Admiral R Hari Kumar said on Wednesday, in an oblique reference to China's military assertiveness in the region. There have been growing global concerns over China's sweeping claims of sovereignty over all of the South China Sea, a huge source of hydrocarbons. Several countries in the region including Vietnam, the Philippines and Brunei have counterclaims.

By David Lawder

₹1,037 crore for FY23, a 100% growth from ₹517 crore clocked in the previous year. Profit stood at ₹95.5 crore in FY23 compared with ₹65 crore a year ago, the company said in a statement. The Mumbai-based fintech startup, founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, claims to have a customer base of over 10 million with about 4 million customers onboarded over the last 12 months.

₹1,037 crore for FY23, a 100% growth from ₹517 crore clocked in the previous year. Profit stood at ₹95.5 crore in FY23 compared with ₹65 crore a year ago, the company said in a statement. The Mumbai-based fintech startup, founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, claims to have a customer base of over 10 million with about 4 million customers onboarded over the last 12 months.