Chinese President Xi Jinping vows backing for Kazakhstan’s sovereignty

NUR-SULTAN, KAZAKHSTAN – Chinese President Xi Jinping vowed full support for Kazakhstan’s sovereignty at a time when the former Soviet Central Asian region has been spooked by Russia’s invasion of Ukraine. “No matter how the international situation changes, we will continue to resolutely support Kazakhstan in protecting its independence, sovereignty and territorial integrity,” Mr Xi […]

US to move $4.9 billion in Afghan central bank assets to Swiss-based trust

WASHINGTON – The United States on Wednesday announced that it would transfer US$3.5 billion (S$4.9 billion) in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilise Afghanistan’s collapsed economy. The Afghan Fund, managed by a board of trustees, could pay for critical […]

Frozen Afghan funds: Dawn

ISLAMABAD (DAWN/ASIA NEWS NETWORK) – With Afghanistan facing a humanitarian catastrophe and economic collapse, the American decision to not release US$3.5 billion (S$4.84 billion) of Afghan funds to the Taliban-controlled central bank can only be described as heartless. While it is unknown how the decision will impact the financial status of the hard-line group that […]

Indonesia passes law to create more provinces in Papua

JAKARTA (REUTERS) – Indonesia’s parliament passed on Thursday (June 30) legislation to create three new provinces in its underdeveloped region of Papua, a move critics fear could undermine the standing of the area’s indigenous population and threaten special autonomy powers. The South-east Asian nation’s easternmost region, currently split between Papua and West Papua, will now […]