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Nepal Billionaire: Rebuilding After Flood to Cost $5B

Binod Chaudhary, Chairman & President of Chaudhary Group, says efforts to rebuild Nepal’s infrastructure after a devastating flash flood this week could cost at least $5 billion. He also said the amount his group will be spending on this effort will be higher than it did in 2015, when a deadly earthquake had sparked similar nationwide reconstruction work. He appeared exclusively on Bloomberg's…

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Storm travel chaos as Typhoon Saudel makes double landfall in China

Typhoon Saudel made landfall in the eastern Chinese province of Zhejiang, disrupting flights and ferry services across major urban centres, including the industrial hub of Ningbo and the economic powerhouse of Shanghai. Ningbo Lishe International Airport suspended all flight operations from 11.30pm on Thursday.

Storm travel chaos as Typhoon Saudel makes double landfall in China

Typhoon Saudel made landfall in the eastern Chinese province of Zhejiang, disrupting flights and ferry services across major urban centres, including the industrial hub of Ningbo and the economic powerhouse of Shanghai. Ningbo Lishe International Airport suspended all flight operations from 11.30pm on Thursday.

Malaysia’s international reserves stand at US$132.07b in July

MALAYSIA’S international reserve assets stood at US$132.07 billion as of the end of July, while other foreign currency assets amounted to US$368.5 million, Bank Negara Malaysia (BNM) said. The central bank said the breakdown of international reserves...

  • Malaysia's international reserves totaled US$132.07 billion in July.
  • Outflows of US$8.31 billion expected next year.
  • Net short forward position at US$26.9 billion.

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