MANILA (REUTERS) – Philippine lawmakers concluded a hearing on Thursday (July 9) on the licence renewal of top broadcaster ABS-CBN, paving the way for a critical vote on whether a major media group that angered President Rodrigo Duterte should be allowed back on air. The telecom regulator ordered ABS-CBN and its 21 radio and 38 […]
LONDON (Reuters) – The coronavirus crisis will cost banks across the world a combined $2.1 trillion in losses on loans by the end of next year, credit ratings agency S&P Global estimated on Thursday. This year is expected to see a $1.3 trillion hit, more than double the 2019 level, S&P predicted. Around 60% of […]
LONDON (Reuters) – The London Stock Exchange (LSE.L) and other derivatives clearing houses in Britain will be granted temporary access to investors in the European Union from January, the bloc’s executive European Commission said on Thursday. Britain left the EU in January and continues to have full access until the end of December, with future […]
Hi all, In today’s bulletin: Australia suspends extradition treaty with Hong Kong, Japan & Australia discuss key regional concerns, China’s Foreign Minister Wang Yi calls on the US to agree on 3 lists for discussion, Seoul mayor goes missing, and more. Reading this on the web or know someone who might enjoy receiving Asian Insider? Our […]
JAKARTA (BLOOMBERG) – Indonesia reported a record jump in daily coronavirus infections on Thursday (July 9) after outbreaks in a military academy compound in West Java and an industrial area. There were 2,657 new cases reported in the past 24 hours, taking the total to 70,736, according to the health ministry data, while 58 people […]
HONG KONG (AFP) – Viral video platform TikTok’s withdrawal from Hong Kong is a savvy commercial move that sidesteps thorny privacy issues but it will not shield the app completely from accusations of collusion with China, experts say. As Facebook, Twitter and other US tech giants risk angering China by refusing to share Hong Kong […]
SINGAPORE – There are 125 new coronavirus patients confirmed as of Thursday noon (July 9), taking Singapore’s total to 45,423. They include 21 community cases, comprising four Singaporeans or permanent residents and 17 work pass holders, said the Ministry of Health (MOH). Of these 21 cases, five were close contacts of earlier cases and had […]
HONG KONG (REUTERS) – China has punished video platforms including Alibaba-backed Youku and Baidu-backed iQiyi for carrying “low taste” content in a renewed effort to clean up the Internet, a pornography watchdog said. The authorities have outlawed more than 12,000 websites and deleted 8.4 billion pieces of pornography-related content in the first half of the […]
JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – No wonder many people have dubbed fugitive tycoon Djoko Sugiharto Tjandra “Joker” as he has turned the Indonesian justice system into a laughing stock. However, he could have not committed this mockery of justice had the system been imbued with uncompromising integrity and adherence to the maxim of […]
SINGAPORE – Almost seven times as many Housing Board resale flats were sold in June compared with May, according to flash data released by real estate portal SRX Property on Thursday (July 9). Estimates showed that about 2,450 HDB resale flats were sold in June, up from 364 the month before. The surge in sales […]