The president of the Industry and Commerce Federation of Macau Central and Southern District, Lei Cheok Kuan, suggested that the government distribute MOP15,000 to residents across three months in a bid to help sustain local businesses, the Macau Daily Times reported. According to the official, the first two MOP15,000 can be given in cash, while the remaining stimulus could be handed out in a form of e-vouchers as a way to support the small and medium-sized enterprises (SMEs) due to near-bankruptcy of these firms.

The Zipmex cryptocurrency exchange on Wednesday blocked users from taking direct custody of their coins, citing volatile market conditions, Coin Desk reported. "Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice," the exchange announced on Twitter.

The Bank of Japan is set to raise its inflation forecast on Thursday but maintain ultra-low interest rates and warn of risks to a fragile economy, reinforcing its position as an outlier in a wave of global increases to borrowing costs, Reuters reported. The decision will come hours before that of the European Central Bank, which will consider a bigger-than-expected 50-basis-point rate increase to tame soaring inflation.

A day after Sri Lanka’s president fled, Mohamed Ishad waited outside an immigration office near the capital, clutching a file of documents that he hopes will get his passport renewed so he can leave, too, the Associated Press reported. With the nation in the throes of its worst economic crisis, Ishad has no job, relies on relatives for financial help and sells vegetables to feed his wife and three children. He wants to go to Japan and find work there so he can send money back home.

Malaysia’s economy is far stronger than Sri Lanka’s if the two countries’ economic indicators are being compared and the possibility for this country to go bankrupt like Sri Lanka is remote, Minister of Finance Datuk Seri Tengku Zafrul Abdul Aziz said, Malaymail reported. He said the International Monetary Fund (IMF) has never stated that Malaysia is experiencing economic problems that have resulted in the country going bankrupt; instead, the international body is confident in Malaysia’s economic growth prospects.

Green Packet founder and former managing director Puan Chan Cheong, better known as CC Puan, has been issued bankruptcy notices by the High Court in May this year in relation to his failure to settle a RM30.66 million sum, The Edge reported. According to court documents seen by The Edge, the bankruptcy notices were filed by Medinis Sdn Bhd (MSB) and Everegion Sdn Bhd (ESB), respectively, after Puan had failed to pay a combined sum of RM30.66 million to the two companies in relation to the High Court’s judgment in relation to three put option agreements.

The saving opportunity with the rural bank in central China looked, to Sun Song, a 26-year-old-businessman, like a great find, the New York Times reported. It would be linked to his existing account at a large, reputable state-owned bank. The rural bank was also offering high interest rates, making it seem like an ideal place to park his roughly $600,000 in savings. Then the bank abruptly froze his account this year, and officials said they were investigating potential fraud. “I owe money on my credit card and have to repay my car loan,” he said. “I have two sons.

Taiwan's government is considering fining tech giant Foxconn up to T$25 million ($835,600) over its investment in a Chinese chip conglomerate without first getting regulatory approval, two sources briefed on the matter said on Friday, Reuters reported. Foxconn, the world's largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($797 million) investment by a subsidiary.

Public sector banks as well as their private sector peers have added a staggering amount of non-performing assets (NPSs) to their respective portfolios over the past year, according to data submitted by the Union Finance Ministry in Parliament on Monday, July 18, The Federal reported.

The Supreme Court has refused to interfere with the judgment of a Division Bench of the High Court of Tripura, where the High Court had held that a decree holder falls under the class of "other creditors" and so cannot be treated as a "financial creditor" under the Insolvency and Bankruptcy Code 2016, Mondaq reported.