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Showing posts from July 23, 2020

Chinese Companies Turn to ASEAN Countries for Cross-Border Deals

By Cheng Siwei and Denise Jia Chinese companies’ investment in ASEAN countries grew 53.1% to $6.23 billion in the first half of 2020. Amid the Covid-19 pandemic and increasingly tightened scrutiny on high-tech takeover deals by European and U.S. regulators, Chinese companies are turning to countries in the Belt and Road Initiative for cross-border acquisitions.International deals in Europe and the U.S. by Chinese businesses decreased in the first half of this year while investment in Southeast Asian countries increased, said Alan Wang, a partner at law firm Freshfields Bruckhaus Deringer, citing data from China’s Ministry of Commerce.More mergers and acquisitions are likely in the domestic market, while cross-border deals will continue to decline, said Robert Ashworth, partner and co-head of global M&A at Freshfields. It may take years, not months, for global deal-making to rebound to pre-pandemic levels, he said.Chinese investors made nonfinancial direct investments in 159 countrie…

200-Year-old Gurdwara in Balochistan Restored, Handed Back to Sikhs After Over 70 Years

The Siri Guru Singh Gurdwara on Masjid Road in the centre of Quetta was handed back officially to the Sikh community on Wednesday to use it for prayers and religious ceremonies, authorities said.UPDATED ON: JULY 23, 2020, 6:29 PM ISTPTI Representative Image. (AFP)A 200-year-old gurdwara in Pakistan’s restive Balochistan province, which was being used as a government high school for the last seven decades, has been handed back to the minority Sikh community after restoration by the provincial government.The Siri Guru Singh Gurdwara on Masjid Road in the centre of Quetta was handed back officially to the Sikh community on Wednesday to use it for prayers and religious ceremonies, authorities said.Advertisement
The gurdwara was used as a government high school for girls for the last 73 years.Denesh Kumar, the provincial parliamentary secretary and advisor to the Balochistan Chief Minister on Minority Affairs, said that the gurdwara has been restored as a place of worship for the Sikh commun…

Balochistan Women Commission to create opportunities’

It would 'free women from emancipation and create equal opportunities' Our Correspondent | July 23, 2020 PHOTO: REUTERS
QUETTA:The provincial Chief Secretary Captain (retd) Fazeel Asghar said the main objective of Balochistan Women Commission is to free women from emancipation, create equal opportunities for them and eliminate all forms of discrimination against them.“The main functions of the commission are examination of policies, programmes and other measures initiated by the government for the progress of women and review of policies, laws, rules and regulations affecting the status and rights of women,” said Asghar on Wednesday while presiding the first meeting of a committee for the appointment of chairperson of the commission.https://tribune.com.pk/story/2256283/balochistan-women-commission-to-create-opportunities?amp=1