SINGAPORE – The Republic will work with the Group of 20 (G-20) countries and international organisations to look into the gradual restart of cross-border travel, said Foreign Minister Vivian Balakrishnan on Thursday (Sept 3). This resumption of international traffic amid the Covid-19 pandemic will be done safely through comprehensive testing and rigorous contact tracing, he […]
SYDNEY (BLOOMBERG) – Australian police have charged a property developer for allegedly paying A$4.75 million (S$4.76 million) in bribes to Malaysian government officials. The 68-year-old man is accused of selling a student hostel he developed in Melbourne to a Malaysian government-owned entity at an inflated price of A$22.6 million, with the bribes paid to arrange […]
NEW YORK (Reuters) – The Federal Reserve will need to keep monetary policy accommodative for a while to support the struggling economy, but policymakers will not let inflation get out of hand, Cleveland Fed Bank President csaid on Wednesday. “When you’re making policy, you have to look ahead but you also have to make sure […]
PHNOM PENH (XINHUA) – Tourism businesses in Cambodia have gradually reopened after the Covid-19 situation in the kingdom eased, Tourism Ministry’s Secretary of State Tith Chantha said on Thursday (Sept 3). Some 3,135 tourism establishments such as hotels, guesthouses, restaurants, massage-spa parlours, karaoke clubs, nightclubs, beer gardens, and tour and travel operators had been either closed […]
TOKYO (BLOOMBERG) – Epic Games’s decision to sue Apple over its mobile store practices has sparked new scrutiny in the massive Japanese gaming market, prompting complaints and questions about how to counter the tech giant’s dominance. While Epic, publisher of the hit title Fortnite, focuses on the 30 per cent revenue cut app stores typically […]
LONDON (Reuters) – Bank of England Deputy Governor Dave Ramsden and another interest-rate setter, Gertjan Vlieghe, warned of risks that Britain’s economy could suffer more damage from the coronavirus crisis than spelt out by the central bank last month. Ramsden told lawmakers on Wednesday that the BoE had estimated the level of Britain’s economic output […]
TOKYO • More than 40 crew members were missing after a ship carrying cattle from New Zealand to China capsized in the East China Sea, as Typhoon Maysak lashed the area with strong winds and heavy seas, the Japanese coast guard said yesterday. A lone crew member from the Gulf Livestock 1 has been rescued […]
LONDON (Reuters) – Bank of England Deputy Governor Dave Ramsden and another interest-rate setter, Gertjan Vlieghe, warned of risks that Britain’s economy could suffer more damage from the coronavirus crisis than spelt out by the central bank last month. Ramsden told lawmakers on Wednesday that the BoE had estimated the level of Britain’s economic output […]
COLOMBO/NEW DELHI (REUTERS) – A new fire broke out on a supertanker carrying about 2 million barrels of oil in the Indian Ocean off the east coast of Sri Lanka, spokesmen for the country’s navy said on Thursday (Sept 3), adding that one of its 23 crew was missing and another injured. Navy spokesman Captain […]
NEW DELHI • India’s coronavirus infections rose to almost 3.8 million yesterday, as its states continued to relax rules on movement despite the surge in cases. The country reported 78,357 new cases in the past 24 hours, according to federal health data, taking total infections to 3,769,523. Some 66,333 people have died. India’s total cases […]