Society

Thousands hold peaceful protests in Vietnam against foreign investment plans

Thousands of people in central Vietnam demonstrated peacefully on Sunday against government plans to lease new economic zones to foreign investors, witnesses told Reuters, a few days after protesters in a nearby province clashed with police. Protesters fear the leases may be snapped up by investors from powerful neighbour China, with which Vietnam has a […]

American Will Nguyen held in Vietnam after protests

An American is being held for “disrupting public order” in Vietnam after joining recent economic protests. Will Nguyen, 32, was detained on Sunday in HCM City during demonstrations against new economic zones in the country. Protesters believe the law is a means to grant Chinese companies lengthy leases on Vietnamese land. Foreign ministry spokesperson Le […]

American Will Nguyen held in Vietnam after protests

An American is being held for “disrupting public order” in Vietnam after joining recent economic protests. Will Nguyen, 32, was detained on Sunday in HCM City during demonstrations against new economic zones in the country. Protesters believe the law is a means to grant Chinese companies lengthy leases on Vietnamese land. Foreign ministry spokesperson Le […]

Health

China confirms first human case of H7N4 bird flu

China confirms first human case of H7N4 bird flu

China has confirmed the first human case of H7N4 bird flu, prompting Hong Kong to issue a health warning for those travelling to the mainland during the busy Lunar New Year holiday. The strain was identified in a 68-year-old woman from the eastern province of Jiangsu who was admitted to hospital after falling ill on […]

First Zika case in Singapore since September 2017: MOH

First Zika case in Singapore since September 2017: MOH

The Zika virus is back in Singapore, almost four months after the last reported case. The latest case was reported last Thursday (18 January), the National Environment Agency (NEA) said in an update on its website published on Tuesday (23 January). The website does not list any Zika cluster. It is the first Zika infection […]

New bird flu case discovered in Korea

South Korea culled 197,000 chickens at a farm close to the capital city after a new case of avian influenza was discovered, the government said on Wednesday. The government has imposed a 48-hour ban on transporting poultry products in the north of the country, Efe news reported. The affected farm is located in Pocheon, 45 […]

FinanceAsia

Asian markets plunge on fresh China-US trade war fears

Hong Kong and Shanghai stocks led a sell-off across most Asian markets on Tuesday on rising trade war fears after Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. Investors were already on edge after the world’s top two economies on Friday announced tit-for-tat measures on goods valued at about $50 […]

Asian stocks tumble after new Trump tariff threat

Asian stocks tumbled Tuesday after US President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods. KEEPING SCORE: The Shanghai Composite Index fell 2.3 percent to 2,953.54 points and Hong Kong’s Hang Seng lost 2 percent to 29,685.28. Tokyo’s Nikkei 225 retreated 0.9 percent to […]

NEC to Supply 20 MW Energy Storage System to OErsted UK

Project near Liverpool, UK will be OErsted&aposs first venture into large-scale energy storage TOKYO, June 19, 2018 – (JCN Newswire) – NEC Corporation (TSE: 6701) announced that NEC Energy Solutions (NEC ES), a wholly-owned subsidiary, is supplying OErsted UK with a 20 MW, GSS Grid Storage Solution. Once completed and operational by the end of […]

Regional

‘No sense of urgency’: State Dept. slow to help American beaten and held in Vietnam, family says

William Nguyen, blood streaming from his head as he is dragged by plainclothes police through a throng of protesters on a HCM City street, does not have any shoes. Each of three officers is holding a limb of the American student, according to one video of the incident on June 10, skipping him on the […]

Burma officer in Reuters case broke police code by copying statements: lawyer

A police witness in the case against two Reuters reporters accused of possessing state secrets in Myanmar is “unreliable,” the reporters’ lawyer said on Monday, because he obtained testimony from previous witnesses, in violation of police code. Prosecution witness Police Major Tin Win Maung, a senior officer involved in the inquiry into the journalists, told […]

China pledges over $100 million military aid to Cambodia

China has granted more than $100 million in military aid to Cambodia, Cambodia said on Tuesday, highlighting the strong ties between Beijing and a government that critics accuse of destroying democracy ahead of an election next month. Prime minister Hun Sen’s ruling party is expected to easily win the general election on July 29 as […]

China

China accuses Trump of ‘blackmail’ after new tariffs threat

China accuses Trump of ‘blackmail’ after new tariffs threat

Beijing on Tuesday accused Donald Trump of “blackmail” and warned it would retaliate in kind after the US president threatened to impose fresh tariffs on Chinese goods, pushing the world’s two biggest economies closer to a trade war. Trump said on Monday he had asked the US Trade Representative to target $200 billion worth of […]

US Commerce Secretary held Russia, China-linked assets: report

US Commerce Secretary held Russia, China-linked assets: report

US Commerce Secretary Wilbur Ross held assets for much of last year that created conflicts of interest and has since transferred ownership to a family trust instead of divesting outright, Forbes reported Monday. Days before coming under negative media scrutiny last year, Ross shorted stocks in a company tied to Russian President Vladimir Putin’s inner […]

Senate backs bill blocking deal with Chinese telecom firm

The Senate on Monday approved a defense policy bill that includes a pay raise for the military and would block a White House plan to allow Chinese telecom giant ZTE Corp. to buy component parts from the US The Chinese company is accused of violating trade laws by selling sensitive technologies to North Korea and […]

Malaysia

The hunt is on: Malaysian police working with Interpol to track Jho Low’s whereabouts

Malaysian police is working with the Interpol to pinpoint the location of businessperson Jho Low, in an investigation linked to the 1Malaysia Development Berhad (1MDB) scandal. Currently, the police are collating information through their available intelligence to locate and track down Low, whose real name is Low Taek Jho. A source said the police are […]

Give us time to fulfil our promises: Malaysia Finance minister

Malaysia Finance minister Lim Guan Eng said on Tuesday (Jun 19) that the new government has every intention of fulfilling the promises made in its election manifesto, but urged the Malaysian people for time to do so. Lim said that the current national financial situation is not good due to government debt of RM1 trillion […]

Malaysia, Japan keen to expand collaboration, says Wan Azisah

MALAYSIA and Japan are keen to expand collaboration in various areas including disaster management and social protection policies, deputy prime minister Datuk Seri Dr Wan Azisah Wan Ismail said today. She said Japan had a lot of experience in managing disasters and this was one area in which the National Disaster Management Agency (NaDMA) could […]

Indonesia

Indonesia opens hotline in anticipation of another earthquake in Osaka

The Indonesian Consulate general (KJRI) in Osaka has opened an emergency hotline following a 6.1 Richer scale earthquake striking the prefecture on Monday morning. The earthquake occurred at the northern part of Osaka prefecture at a depth of 14 kilometers at 7:58 am local time, according to authorities as quoted by KJRI Osaka on its […]

Indonesia plans to become a transshipment hub, seeks investors

Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 billion) to […]

Search resumes after 18 rescued from Indonesia ferry sinking

Search resumes after 18 rescued from Indonesia ferry sinking

Indonesian rescue workers struggled in rain and two-metre waves on Tuesday to search for at least 128 passengers from an overloaded ferry that sank in Lake Toba, a tourist destination in an ancient supervolcano crater on Sumatra island. An estimated 18 people were rescued and one passenger was confirmed dead after the ferry sank on […]

Singapore

Russian cyberattacks targeting Singapore spike during Trump-Kim summit: Study

On the day history was made when United States President Donald Trump met with North Korean leader Kim Jong Un, host nation Singapore saw a surge in cyberattacks from Russia, according to a report by online threat analysts F5 Labs. Russia accounted for 88 per cent of the attacks against Singapore on Jun 12the day […]

Froyo chain llaollao relaunches with Changi Airport outlet, next store is at Tampines 1 mall

Frozen yoghurt brand llaollao will make its highly-anticipated return to Singapore with a new store opening at Changi Airport on Saturday (16 June). The dessert chain’s first outlet here since the brand’s island-wide closure in December last year is located in the departure hall of Terminal 2 at the airport. Llaollao announced its store’s opening […]

Singapore May Home Sales Climb to Nine-Month High

Singapore home sales jumped to the highest in nine months in May, underscoring signs the city-state’s property market is recovering. Developers sold 1,121 units last month, the Urban Redevelopment Authority said Monday. That’s more than the revised 732 units in April and the highest since August. Still, sales are running at a slower pace than […]

Thailand

Thailand will wait for Malaysia’s decision on Southern Thailand peace talks

Thailand will have to wait for a decision by the new Malaysian government regarding the future of the southern Thailand peace process following the defeat of the Barisan Nasional government in last month’s 14th general Election. “We have to wait for the confirmation whether the facilitator (of the peace talks) will be the same or […]

Thailand: Southeast Asia’s Forgotten Human Rights Crisis

In May, Thailand marked the fourth anniversary of the 2014 coup that wrested control from its democratically elected government and installed a military regime. Four years on, the junta continues to operate according to the constitution ratified in 2017, which entrenches political power with the military and circumscribes potential for democratic progress. The junta wields […]

Australia’s IAG to sell Thai, Indonesia units to Tokio Marine for $390 million

Insurance Australia Group (IAG) (IAG.AX) said on Tuesday it will sell its Thai and Indonesian operations to Japanese insurer Tokio Marine Holdings (8766.T) for A$525 million ($390 million). The Japanese company’s unit, Tokio Marine & Nichido Fire Insurance, will buy IAG’s 98.6 percent stake in Thailand’s Safety Insurance and 80 percent of PT Asuransi Parolamas […]

Philippines

Over 600 offenders of city ordinances accosted in South of Manila

Personnel of the Southern Police District made rounds Monday night, June 18, in key cities to accost violators of city ordinances. Authorities apprehended over 600 individuals in the cities of Taguig, Makati, Pasay, Paranaque, Muntinlupa and Las Pinas who were brought to the city’s respective police headquarters. A total of 162 individuals were caught drinking […]

Philippines protects digital trading platform by implementing cybersecurity features

TradeNet is the digital trading platform of the Philippines that will eventually serve as the country’s link to the Asean Single Window gateway. Protection from unauthorised access and cyberattacks is essential so the government is implementing cybersecurity features in order to do so. An announcement made by the Department of Finance (DOF) highlighted on the […]

Philippines’ Duterte says no ‘justice’ for families of drugs war casualties

Outspoken Philippine President Rodrigo Duterte said on Monday the families of people killed in his controversial war on drugs will not receive “justice”, rejecting calls from rights groups seeking redress for the thousands of deaths. More than 4,200 suspected drug dealers have been killed by police in Duterte’s anti-narcotics campaign since June 2016, as well […]

Japan

Japanese banks positive towards extending yen credit to Malaysia

Several Japanese banking institutions are responsive towards extending yen credit in the form of soft loans to Malaysia, said Japanese Ambassador to Malaysia Dr Makio Miyagawa. He said the Japanese premier sent a ‘clear cut’ note that the government and private sector should consider the request by prime minister Tun Dr Mahathir Mohamad who made […]

Japan to check concrete walls after Osaka quake deaths

Japan’s government has ordered an emergency inspection of cinder-block walls at schools nationwide, a day after an earthquake in Osaka killed five people, two of whom were crushed by falling walls. The magnitude 6.1 earthquake that struck Osaka during Monday’s morning rush hour injured more than 370 people in the region, according to the Fire […]

At least four killed, more than 300 injured after strong earthquake rattles Osaka

One of the most powerful earthquakes to rock the Kansai region in decades struck Osaka and neighbouring prefectures Monday morning, leaving at least four people dead and more than 300 injured. The earthquake, which had a magnitude of 6.1 and registered lower 6 on the Japanese intensity scale to 7, hit at 7:58 a.m. at […]

Korea

US’ Pompeo expects to return to N Korea ‘before terribly long’

US’ Pompeo expects to return to N Korea ‘before terribly long’

US Secretary of State Mike Pompeo said on Monday he would likely travel back to North Korea “before too terribly long” to try to flesh out commitments made at a landmark summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore last week. Pompeo, who has travelled twice to North Korea […]

N Korea: Pompeo says he will likely visit Kim soon

US Secretary of State Mike Pompeo said Monday he expects to meet with Kim Jong Un soon to flesh out details of the North Korean leader’s promise of nuclear disarmament. As Washington’s top diplomat, Pompeo laid much of the groundwork for last week’s historic summit between Kim and President Donald Trump, and is now planning […]

Bank of Korea: Central Bank Cryptocurrencies Pose ‘Moral Hazard’

South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilise the economy. According to The Korea Times on Monday, the BoK said that issuing a central bank digital currency (CBDC) could pose a “moral hazard” by adversely affecting monetary policy and its implementation, […]

Hong Kong

Exclusive: China’s Xiaomi cuts valuation after pulling mainland offering: sources

- Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said. The delay was triggered by a dispute between the company and regulators over the […]

China’s Fast Train to Erode HK’s Autonomy

When Hong Kong was handed over from British to Chinese sovereignty in 1997, its inhabitants were reassured that their way of life would remain the same. That commitment was made legally binding through the Sino-British Joint Declaration, which guarantees Hong Kong full autonomy except in foreign affairs and defense. But in recent years Beijing has […]

HK Express warms of possible travel delays after deadly Osaka earthquake that struck during morning rush hour, killing one child

200 injured as walls collapse and fires start after powerful quake that United States Geological Survey measures at 5.3 strikes Japan’s second city Budget airline HK Express is warning the city’s residents of potential delays travelling to Osaka after a deadly earthquake struck Japan on Monday during the height of rush hour. A nine-year-old girl […]

Taiwan

The US government has opened a huge new facility in Taiwan, and China isn’t happy

While the world’s eyes were glued to events in Singapore last week, the United States was holding another important and controversial diplomatic ceremony in Taiwan. On June 11, the United States formally opened a new $255 million building housing the American Institute in Taiwan (AIT), the de facto US Embassy in the country. Moving the […]

Poll: Positive turns seen in Taiwan residents’ attitude towards mainland

At least 49 percent of the Taiwan residents have shown positive attitudes towards the mainland, up 4.4 percent compared with last year, marking the first time that people holding positive impressions accounting for the majority, according to a poll released on Sunday by a foundation on local residents’ opinions. Those still holding negative attitudes account […]

Taiwan’s Communist Party Dissolved Six Months After New Political Party Law Went Into Effect

The Taiwanese government officially dissolved the Communist Party of the Republic of China on June 4. More commonly known as Taiwan, the self-ruled island passed the Political Party Law in November 2017, which prohibits political parties from investing in businesses, or possessing party names and logos that have a hidden discriminatory or hateful meaning. Additionally, […]

Vietnam

Business Briefs 20 Jun 2018

* Transimex Company (TMS) has sold 2.89 million convertible bonds to 311 investors, induding 292 individuals and 19 organizations. The two year papers have a face value ofVND 100,000 each. TMS has raised VND287.9 billion from the issuance. It will use the proceeds to restructure loans taken for its high-tech park project and to supplement […]

Woodwork exports to Australia on the rise

Vietnamese woodwork exporters are pinning their hopes on the Australian market thanks to rising wood demand and preferential policies through a free trade agreement, according to news site vov.vn. Data from the general Department of Vietnam Customs show that Australia, one of Vietnam’s 10 leading wood and wooden product buyers, imported over $66.7 million worth […]

Are foreign investors suffering loss with TCB shares?

The listing of TCB shares (Vietnam Technological and Commercial Joint Stock Bank Techcombank) is one of the hottest listing deals on the stock market recently. The stock price, despite recovering, is still 20 percent less than the price of 128,000 dong per share that foreign investors purchased previously. In addition, this price level of 128,000 […]