An economic advisory panel in Nepal has recommended scrapping five underperforming state-owned enterprises, citing their financial burden on the government. The panel also suggests partial privatization of other state-owned industries.

Pakistan will privatize all state-owned enterprises, with the exception of strategic entities per Reuters, broadening its initial plans to sell only loss-making state firms to shore up its shaky finances.

The U.S. imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue

The Indonesian government is reviewing a plan to merge two state airlines, Garuda Indonesia and Pelita Air.

Beijing is on a mission to revamp its state-owned enterprises, and show the world that investing in President Xi Jinping’s China can reward everyone.

Italy has imposed several curbs on Pirelli’s biggest shareholder, Sinochem, in a move aimed at blocking the Chinese government’s access to sensitive chip technology.