Archive for October 1st, 2020

China approves arrest of HK ‘speedboat fugitives’

China approves arrest of HK ‘speedboat fugitives’

01-Oct-2020 Intellasia | AFP | 11:21 AM

Chinese authorities formally approved on Wednesday the arrests of 12 Hong Kong activists caught last month while allegedly trying to flee the city for Taiwan. The group was [...] » More

Canada judge mulls evidence claim in Huawei exec case

01-Oct-2020 Intellasia | AFP | 11:21 AM

A Canadian judge on Wednesday adjourned Chinese Huawei executive Meng Wanzhou’s extradition hearing to consider the defendant’s claims that key evidence had been [...] » More

Huawei executive’s extradition is no ‘garden-variety’ case because of Donald Trump, her lawyer says

01-Oct-2020 Intellasia | AFP | 11:21 AM

The extradition of Huawei executive Meng Wanzhou could not be treated as a “garden-variety” case, because of interference by US President Donald Trump, her lawyer [...] » More

US House votes to force firms to disclose Xinjiang products

US House votes to force firms to disclose Xinjiang products

01-Oct-2020 Intellasia | AFP | 11:21 AM

The US House of Representatives voted Wednesday to force companies to disclose products that come from China’s Xinjiang region, in a new bid to stop what lawmakers say [...] » More

Energy security and economic fears drive China’s return to coal

01-Oct-2020 Intellasia | Reuters | 11:21 AM

Red coal trucks zip up and down narrow dirt tracks, churning up clouds of dust in China’s remote Gansu province. Nearby, the towering stanchions of a new railway bridge [...] » More

Japan ruling party heavyweight says to consider ‘large-scale, bold’ spending package-Nikkei

01-Oct-2020 Intellasia | Reuters | 11:21 AM

Japan will consider compiling a “large-scale, bold” additional fiscal stimulus package to cushion the economic blow from the coronavirus pandemic, ruling party [...] » More

Japan’s Rakuten offers $30 5G plans in industry shakeup

01-Oct-2020 Intellasia | Reuters | 11:21 AM

Japan’s Rakuten Inc launched low price 5G services via its cloud-based mobile network on Wednesday in a challenge to rival carriers under fire for high prices that [...] » More

Japanese PM Suga seen holding off on calling snap election this yearYomiuri

01-Oct-2020 Intellasia | Reuters | 11:21 AM

Japanese prime minister Yoshihide Suga is likely to hold off calling a snap election this year as the coronavirus pandemic continues to ravage the economy, the Yomiuri [...] » More

Japan military seeks record budget amid regional threats

01-Oct-2020 Intellasia | AP | 11:21 AM

Japan’s Defense Ministry is seeking a record-high budget of nearly 5.5 trillion yen ($55 billion) for fiscal 2021 to fund more purchases of costly American stealth [...] » More

Tokyo trading stops over system failure, China on holiday

01-Oct-2020 Intellasia | AP | 11:21 AM

Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most other Asian markets were closed for [...] » More

Glitch halts all trade on Tokyo stock exchange

01-Oct-2020 Intellasia | AFP | 11:21 AM

A technical problem forced a halt to all trading on Tokyo’s stock exchanges on Thursday, with no information on when activity would resume, the bourse’s operator [...] » More

Japan business sentiment perks up as hit from pandemic begins to ease

01-Oct-2020 Intellasia | Reuters | 11:21 AM

Japanese business sentiment improved in July-September from a 11-year low hit three months ago, a key central bank survey showed, in a sign the economy is gradually emerging [...] » More

Olympics-Mikako Kotani named Tokyo Olympics sports director

01-Oct-2020 Intellasia | Reuters | 11:21 AM

Mikako Kotani, who won two bronze medals for Japan in the 1988 Olympics, has been named the sports director of the 2020 Tokyo Games and will take over from October 1, the [...] » More

Philippines Seeks New $11 Billion Advance From Central Bank

01-Oct-2020 Intellasia | Bloomberg | 11:21 AM

The Philippines has asked the central bank to lend it P540 billion ($11.1 billion) to help finance a budget deficit that’s under strain from Southeast Asia’s [...] » More

Philippines Seen Extending Rate Pause Amid Slump: Decision Guide

01-Oct-2020 Intellasia | Bloomberg | 11:21 AM

The Philippine central bank is set to leave its key interest rate unchanged for a second straight meeting, allowing previous stimulus steps to work their way through an [...] » More