Polarisation of Japan’s voters accelerating in 2022: Yomiuri Shimbun contributor

TOKYO (THE JAPAN NEWS/ASIA NEWS NETWORK) – Political polarisation has grown among the Japanese people: Now we are seeing aggressive divisions over a state funeral for former Prime Minister Shinzo Abe. A nationwide poll by The Yomiuri Shimbun conducted in early September found that only 38 per cent of respondents approved of the government decision […]

Thailand sees up to 10m foreign tourist arrivals this year

BANGKOK – Thailand expects up to 10 million tourist arrivals this year after reopening the country to visitors, its finance minister said on Saturday. From January up till Friday, Thailand received five million foreign visitors, Finance Minister Arkhom Termpittayapaisith told a Radio Thailand programme. The recovery of the vital tourism sector and increased exports should help the […]

China’s economic recovery perks up in August with cheerier retail sales and industrial output

BEIJING – China’s economic recovery picked up pace in August, with retail sales and industrial production surpassing economists’ expectations. However, growth was still weighed down by the country’s continued property slump last month and its zero-Covid-19 policy, which has resulted in flash lockdowns and discouraged the Chinese from travelling even within the country. Latest data from the […]

India says importing Russian oil part of inflation management

NEW DELHI – India’s Finance Minister Nirmala Sitharaman said on Thursday that importing Russian oil was part of the country’s inflation-management strategy and that other countries were doing something similar. Despite Western pressure, India has not condemned Russia’s February invasion of Ukraine, instead calling for a diplomatic solution to the crisis and an end to […]

Sri Lanka president raises IMF loan hopes, budget aims to bolster revenue

COLOMBO (REUTERS) – Sri Lanka’s talks with the International Monetary Fund (IMF) on a bailout package have made solid progress, its president said on Tuesday (Aug 30), as he presented an interim budget aimed at boosting revenue and mending the country’s battered finances. In an address to Parliament, President Ranil Wickremesinghe also said the government […]

Evacuation order lifted for Fukushima town 11 years after nuclear disaster

TOKYO (XINHUA) – An evacuation order for a town hosting Japan’s disaster-hit Fukushima Daiichi nuclear power plant was lifted on Tuesday (Aug 30), 11 years after the severe nuclear accident, with only a few former residents expected to return. The mandatory evacuation order for the Fukushima Prefecture town – where the Tokyo Electric Power Company […]

Indonesia to shift $2.27b portion of fuel subsidy budget to welfare programmes

JAKARTA (REUTERS) – Indonesia will reallocate 24.17 trillion rupiah (S$2.27 billion), or nearly 5 per cent, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said on Monday (Aug 29). The move comes amid reports that the government has been considering raising subsidised fuel prices to […]

Popular Thai YouTuber flees abroad after alleged $77 million forex scam

BANGKOK (THE NATION/ASIA NEWS NETWORK) – A popular Thai YouTuber who claimed to be a successful forex trader has reportedly fled abroad after allegedly cheating thousands of investors out of two billion baht (S$77 million). Ms Natthamon Khongchak, better known as Nutty the YouTuber, defrauded over 6,000 victims, according to Phaisal Ruangrit, a lawyer who […]