LONDON (Reuters) – Deepening the European Union’s capital market has become a priority to help the economy recover from COVID-19 and reduce reliance on the City of London, a report for the EU said on Wednesday. The EU has long sought to encourage companies to issue stocks and bonds to grow. But they still rely […]
BEIJING (REUTERS, BLOOMBERG) – China said on Wednesday (June 10) it expressed grave concerns to Japan after Japanese Prime Minister Shinzo Abe said Tokyo wants to take the lead among the Group of Seven (G-7) nations to issue a statement about the situation in Hong Kong. Foreign Ministry spokesman Hua Chunying told reporters during a […]
PUTRAJAYA (THE STAR/ASIA NEWS NETWORK) – The 8,831 Malaysians who are still undergoing mandatory quarantine at government-gazetted facilities will continue the process at home, said Senior Minister Ismaili Sabri Yaakob on Wednesday (June 10). He said that Tuesday was the last day that quarantine centres at hotels were in operation, adding that the people at […]
SINGAPORE – Students who want to study media, arts and design at Singapore Polytechnic (SP) will be able to try out different specialisations before deciding on one, a process which was previously not possible. SP said on Wednesday (June 10) that it has replaced eight related diploma programmes with the single diploma in media, arts […]
SEOUL (AFP) – South Korea said Wednesday (June 10) it would take legal action against two defector groups for sending anti-Pyongyang leaflets across the border, after North Korea ramped up its threats over the campaigns. The two groups of North Korean defectors had “violated an agreement between the leaders of the North and the South […]
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) – The government has revoked a clause for the ceiling price of RON 95 and diesel. The Federal Gazette published on June 3 no longer contains a clause for setting the ceiling price for petrol and diesel. “The Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol […]
BEIJING/SHANGHAI (Reuters) – China’s banking and insurance watchdog is telling banks to scale back on high-yield structured deposits marketed to companies, three sources told Reuters on Wednesday, seeking to redivert funds to real economic activity. Outstanding structured deposits jumped 26% to 12.14 trillion yuan ($1.72 trillion) in the first four months of 2020, partly driven […]
JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – There was a semblance of normality when passengers thronged to train stations in Bogor and Bekasi in West Java on Monday (June 8) morning to commute to their workplaces in Jakarta after having not done so for two months during the implementation of large-scale social restrictions (PSBB) in […]
SINGAPORE – A woman who allegedly pulled down her mask and spat at an employee at a KFC outlet was charged in court on Wednesday (June 10). Lin Si Ting, 42, was charged with intentional harassment, use of criminal force, and breaching safe distancing measures, the police said in a statement on Tuesday. Court documents […]
National Development Minister Lawrence Wong on Tuesday (June 9) said efforts are being taken to scale up Covid-19 testing capacity as the economy gradually reopens. He said currently, Singapore is able to conduct about 13,000 tests a day. “We are on track to reach 40,000 tests a day in the coming months,” he added. Cheryl Tan […]