Sunday, 29 Sep 2024

Asia

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Morning Briefing: Top stories from The Straits Times on July 31

KL-S’pore high-speed rail discussions ongoing, both sides hard at work to meet year-end deadline He said the basic thinking behind the rail project remains true and the Republic is studying Malaysia’s proposals on changes. READ MORE HERE LRT system for RTS Link might cost less even with new depot: Experts The experts agree that having […]

Japan warns against 'rapid' rise in the yen, discusses response

TOKYO (Reuters) – Japanese Finance Minister Taro Aso described the yen’s recent rise as “rapid” on Friday, signalling concern that a strong currency could add pain to an export-led economy already in recession because of the novel coronavirus. The yen’s recent appreciation comes as the world’s third-largest economy has been bottoming out from its deepest […]

Traveller who tested positive for Covid-19 in South Korea unlikely to have been infected during transit in Singapore, say authorities

SINGAPORE – Initial investigations have shown that a traveller who tested positive for Covid-19 in South Korea after transiting in Changi Airport was unlikely to have been infected in Singapore, said the authorities on Friday (July 31). “The source of infection remains unknown and investigations by the various authorities are ongoing,” said the Ministry of […]

Asian Insider, July 30: Singapore-Malaysia RTS Link to start end-2026, next few months worrisome in US-China relations, Umno snubs Muhyiddin’s PN alliance

Hi all, In today’s bulletin: Singapore-Malaysia RTS link to be light-rail transit system, Australia deepens ties with US but says it will not hurt relations with China, US experts say next few months will be worrisome in US-China ties, Joshua Wong among 12 barred from Hong Kong legislature vote, Umno snubs PM Muhyiddin’s PN alliance, and […]

Colombia GDP dived in second quarter, along with inflation: Reuters poll

BOGOTA (Reuters) – Colombia’s economy will have suffered the worst contraction in its history in the second quarter because of fall-out from a coronavirus quarantine, analysts said in Reuters poll on Thursday. Meanwhile inflation will continue well below the long-term target rate of 3% amid low consumer consumption. The Andean country’ gross domestic product will […]

How much has Trump helped stocks rally? Voters are split: Reuters poll

NEW YORK (Reuters) – U.S. President Donald Trump may give himself credit for the performance of the U.S. stock market during his term, but only around a third of Americans agree, according to a Reuters poll. Trump has repeatedly highlighted on Twitter and to reporters the stock market’s stunning run-up, making it part of his […]

Taiwan's first democratically elected president Lee Teng-hui dies, aged 97

TAIPEI (REUTERS) – Former Taiwan President Lee Teng-hui, dubbed “Mr Democracy” for burying autocratic rule in favour of freewheeling pluralism, has died at the age of 97, the official Central News Agency reported on Thursday (July 30). Lee was known to have defied China’s drive to absorb the island it regards as a wayward province, and worked […]

Former Malaysian PM Najib Razak files appeal against conviction, sentence over 1MDB case

KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – Malaysia’s former prime minister Najib Razak, who is convicted of seven charges involving the misappropriation of RM42 million (S$13.62 million) in the SRC International Sdn Bhd case, has filed an appeal against his conviction and sentence. The notice of appeal was filed through the law firm Messrs Shafee […]

Japan panel puts tentative end to Abenomics boom in 2018

TOKYO (Reuters) – A panel of seven private Japanese economists tentatively declared the economy ended its second-longest boom and entered “recession” in late 2018, suggesting it was struggling long before its more recent coronavirus slump. While recession is technically defined as two straight quarters of economic contraction, in Japan, the government uses the term to […]