ASSAM, INDIA (BLOOMBERG) – India’s flood-hit areas are forecast to receive heavy rain this week, with 532 people losing their lives so far across the nation during the monsoon season and hundreds of thousands staying in temporary relief camps. The north-eastern state of Assam has been among the worst-hit regions, with rain affecting 2.5 million people, destroying […]
India, EU resume free trade talks after nine-year gap
NEW DELHI (AFP) – India and the European Union resumed talks on Monday (June 27) on a free-trade deal after a nine-year gap, as Western countries seek to wean New Delhi off its close economic ties to Russia. Dubbed the “tariff king” by ex US president Donald Trump, India has become more open to lowering […]
How bad is China’s manufacturing exodus?
BEIJING (CAIXIN GLOBAL) – China’s strict pandemic controls blocking production and logistics threaten to add impetus to the manufacturing exodus that has been picking up speed over the past decade, international trade experts said. The Covid-19 policy disruptions add to pressures from rising labour costs in China and worsening Sino-US trade tensions. With low labour […]
Crisis-hit Sri Lanka shuts schools, urges work from home to save fuel
COLOMBO (REUTERS) – Troops in Sri Lanka handed tokens on Monday (June 27) to people queueing for petrol amid a severe fuel shortage in the nation battling its worst economic crisis in seven decades, while schools shut in Colombo and public employees were asked to work from home. With its foreign exchange reserves at a […]
Pakistan orders masks on domestic flights as Covid-19 numbers rise
KARACHI (REUTERS) – Pakistan’s aviation regulator has made masks mandatory on domestic flights given a gradual rise in the number of Covid-19 cases across the country, it said a statement. The order comes a day after Pakistan’s biggest city, Karachi, reported that its Covid-19 positivity ratio, or the rate of positive cases out of all […]
North Korea says US is setting up Asian Nato; vows stronger defence
SEOUL (REUTERS) – North Korea has accused the United States of setting up a military alliance like Nato in Asia, saying the unwavering American aim to oust North Korea’s government compelled it to develop stronger defences. The North Korean criticism comes amid concern it could be preparing its first nuclear test in five years and […]
Thai party led by ex-banker pushes economic ills as key poll issues
BANGKOK (BLOOMBERG) – With less than a year to go for the Thai general elections, a new political party led by a former investment banker is pushing the high cost of living and other ills plaguing the economy as key poll issues in its bid to emerge as a political force. Mr Korn Chatikavanij, a […]
Global chip hub Taiwan to raise power prices as fuel costs soar
TAIPEI (BLOOMBERG) – Taiwan’s industrial sector, including the world’s largest contract chipmaker, will be hit with the island’s first power price increase in four years as the state-owned utility grapples with soaring fuel costs. Taiwan Power Company has proposed increasing electricity costs by at least 8 per cent for industrial users, Taipei-based Commercial Times reported, […]
PM Kishida’s defense doctrine and Asean’s position: Jakarta Post contributor
JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – Japanese Prime Minister Fumio Kishida has promised that by the end of this year, he will launch Japan’s National Security Strategy for the next five years, which is – simply put – a military build-up. He plans to double Japan’s defense budget to 2 per cent of the […]
Fatal backslide on women’s rights in US: China Daily
BEIJING (CHINA DAILY/ASIA NEWS NETWORK) – The US Supreme Court’s seismic ruling on Friday (June 24) to overturn Roe vs Wade that has guaranteed women the constitutional right to abortion since 1973 has sent shockwaves across the United States and around the world. The 5-4 vote by the conservative majority court has allowed states the […]
‘Crime not to help’: South Korean ex-Seal has no Ukraine regrets
SEOUL (AFP) – A former South Korean Navy Seal turned YouTuber who risked jail time to leave Seoul and fight for Ukraine says it would have been a “crime” not to use his skills to help. Mr Ken Rhee, an ex-special warfare officer, signed up at the Ukrainian Embassy in Seoul the moment President Volodymyr […]
Uncertainty over timing of Xi’s visit to Hong Kong: Report
HONG KONG (BLOOMBERG) – Days before Hong Kong’s landmark July 1 celebrations, President Xi Jinping is still keeping the city guessing over his in-person attendance, as the city clocks some 2,000 daily Covid-19 cases. The official Xinhua News Agency reported Saturday (June 25) that Mr Xi will attend both a meeting celebrating the city’s 25th […]
Fear and defiance for families of Philippine drug war dead
MANILA (AFP) – Six years after four policemen burst into her Manila slum shack and shot dead her husband and teenage son, Mary Ann Bonifacio fears for her own life as she fights for justice. Ms Bonifacio is pursuing the men in court in the hope of proving they unlawfully killed her loved ones – […]
Japan braces for power crunch as heat rises with end of rainy season
TOKYO (REUTERS) – Japan scrambled on Monday (June 27) to avert a looming power crunch as temperatures climbed nationwide with authorities warning of higher than expected demand as the rainy season ended in the capital, Tokyo, at the earliest since record-keeping began. Less than two weeks ahead of an election for the Upper House of Parliament, surging […]
Top virologist says number of Covid-19 cases in Thailand 10 times higher than reported
BANGKOK (THE NATION/ASIA NEWS NETWORK) – The actual number of Covid-19 infections must be 10 times higher than reported by the Public Health Ministry as most patients develop mild symptoms, top virologist Yong Poovorawan said on Sunday (June 26). Thailand recorded 2,378 Covid-19 cases and 17 deaths on Sunday, according to the ministry. Dr Yong […]
HUTCHMED to Announce 2022 Half-Year Financial Results
HONG KONG and SHANGHAI, China and FLORHAM PARK, N.J., June 27, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM: HCM; SEHK:13) will be announcing its interim results for the six months ended June 30, 2022 on Monday, August 1, 2022 at 7:00 am Eastern Daylight Time (EDT) / 12:00 noon British Summer […]
GR YARIS Rally1 wins African epic with incredible 1-2-3-4 finish
TOKYO, Jun 27, 2022 – (JCN Newswire via SEAPRWire.com) – TOYOTA GAZOO Racing has claimed a historic result at the legendary Safari Rally Kenya with Kalle Rovanpera leading a remarkable clean sweep of the top four positions for the GR YARIS Rally1 car. Elfyn Evans and Takamoto Katsuta joined him on the podium with Sebastien […]
EC Healthcare Received “Institutional Investor” 2022 Multiple Awards in All-Asia Executive Team Rankings
HONG KONG, Jun 27, 2022 – (ACN Newswire via SEAPRWire.com) – EC Healthcare (the “Company”, which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce the excellent result in the “All-Asia Executive Team Rankings 2022” under the category […]
Hektar REIT’s ESG Commitment Gets Rewarded with a 4-Star Rating
KUALA LUMPUR, Jun 27, 2022 – (ACN Newswire via SEAPRWire.com) – Hektar Real Estate Investment Trust (Hektar REIT) has achieved an upgraded Environmental, Social and Governance (ESG) rating of 4-star on the FTSE4Good Bursa Malaysia Index (F4GBMI) in the latest June 2022 evaluation. Chief Executive Officer of Hektar Asset Management Sdn. Bhd. Johari Shukri bin […]
Aretis Creces Protocol – DeFi 3.0 integrated DAO
Aretis Creces Protocol, June 27, 2022 – (SEAPRWire) – DeFi 3.0 is a new financial protocol that makes staking easier and gives $ARIS token holders the highest fixed return in crypto with 266,968.29% APY. Extremely volatile market context The current market is witnessing a sharp decline; popular cryptocurrencies like BTC, ETH or BNB have really struggled in the […]