SEOUL (Reuters) -South Korea’s central bank kept interest rates steady on Tuesday, taking a breather after its first rate hike in nearly three years in August, but flagged further tightening could come as soon as November to curb rising inflation and household debt.FILE PHOTO: The logo of the Bank of Korea is seen on the […]
BEIJING (AFP) – At least 15 people have died during unseasonably heavy rain and flooding in north China’s Shanxi province earlier this month, local officials said Tuesday (Oct 12), after the normally dry region received three months’ rain in one week. The flooding hit the coal-rich landlocked region during a nationwide energy crunch, and after […]
MANILA (AFP) – At least nine people were killed and 11 others were missing after heavy rain across the Philippines flooded villages and triggered landslides, authorities said on Tuesday (Oct 12). Severe Tropical Storm Kompasu drenched swathes of the most populous island of Luzon on Monday as it swept across the archipelago nation towards the […]
SYDNEY (REUTERS) – A Taiwan official has asked Australia to support its bid to join the CPTPP pan-Pacific trade pact, which China opposes, saying Taiwan can boost high technology trade flows and demand for Australian minerals. Support for Taiwan’s bid would also “send a strong message” to Australian businesses impacted by China’s recent boycotts of […]
SEOUL (REUTERS) – Samsung conglomerate leader Lee Jay-yong is set to stand trial on Tuesday (Oct 12) charged with the unlawful use of a controlled substance, as legal woes continue to haunt the executive even after his release on parole in August following a bribery conviction. Lee’s release had raised market watchers’ expectations of a […]
BEIJING (BLOOMBERG) – The US and China are still far apart on economic and trade questions, with recent statements from both sides showing just how big that gap remains. China’s ambassador to Washington said over the weekend that Beijing wants the US to stop restrictions and sanctions against its companies, outlining some of the Asian […]
BEIJING (REUTERS) – Chinese President Xi Jinping is scrutinising the ties that the country’s state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday (Oct 11), citing people with knowledge of the plan. The inspections focus on whether state-owned banks, investment funds and financial regulators have […]
SINGAPORE – More than $10 million in donations was raised at the end of the President’s Star Charity show on Sunday evening (Oct 10). The event saw local artistes and youth performers take to the stage in support of a more digitally inclusive society in Singapore. Themed “Love Connects”, the show raised proceeds for 93 […]
BEIJING (REUTERS) – China’s military said on Monday (Oct 11) it had carried out beach landing and assault drills in the province directly across the sea from Taiwan, though it did not link the exercises to current tensions with Taipei. The official People’s Liberation Army Daily newspaper, in a brief report on its Weibo microblogging […]
SINGAPORE – A family physician at a clinic in MacPherson who reportedly had Covid-19 and died over the weekend has been remembered as a kind, caring doctor who deliberately kept his charges low to help the needy in the area. A message circulating on social media on Monday (Oct 11), as well as among various […]