29 C
Makati City
Friday, January 20, 2017
Trudging up a lush mountainside to a remote village, plunging through a swift-moving river in the footsteps of elephants and cruising Bangkok’s gleaming luxury malls—with each step, I walked into different worlds, each one beautiful, all in Thailand. Don’t forget glittering temples, bustling night markets and world-famous Thai massages to...
Malaysia’s foreign minister said on Wednesday the Organization of Islamic Cooperation (OIC) is expected to call for a halt to violence against Myanmar’s Rohingya Muslim minority and for the safe return of refugees. Malaysia, which has urged Myanmar to stop what it calls a policy of genocide toward Rohingya, is...
Singapore’s three-year decline in home prices could see relief from an unexpected quarter in 2017: Hong Kong. So says Cushman & Wakefield Inc., which expects the slide in the city-state’s home prices to end this year, as foreign investors turned off by Hong Kong’s move to increase the stamp duty...
Thailand is nursing a slide in Chinese holidaymakers after cracking down on low-budget tours from the world’s most-populous country, muddying the Southeast Asian nation’s economic-growth outlook. Arrivals fell 16 percent in December from a year ago, extending a slide that began after Thailand in September clamped down on operators bringing...
ASEAN represents a large market for re/insurance products with a population of over 600 million people, combined nominal GDP of over $2.41 trillion and per-capita income at $3,852 in 2013. Furthermore, Asean has set ambitious regional integration targets for 2015 and 2020. The Asean Economic Community (AEC) was established by...
Singapore sovereign fund GIC Pte. has hit a snag, as it seeks government approval for its planned investment in Bank for Foreign Trade of Vietnam JSC, the nation’s biggest lender by market value, people with knowledge of the matter said. The deal, originally expected to be completed by the end...
Vietnamese Prime Minister Nguyen Xuan Phuc is holding out hope that incoming US President Donald J. Trump will reconsider the Trans-Pacific Partnership (TPP), a trade deal that would be a major boost to the export-driven Southeast Asian nation. Recent comments made by officials who are set to take senior roles...
Japan and Indonesia on Sunday affirmed a deepening of economic and political ties during a visit by Japanese Prime Minister Shinzo Abe, who is using a four-nation tour of Asia to underscore his government’s role in countering China’s assertiveness in the South China Sea. After meeting with Abe, Indonesian President...
The global economy will face “disastrous consequences” if US protectionist measures proposed by incoming President Donald J. Trump prompt trade wars, the head of Singapore’s central bank said. Some of the possible actions—such as rejecting a US-Pacific trade deal, extra taxes on US importers and labeling major trade partners as currency manipulators—“may well...
SITTWE, Myanmar—The United Nations human-rights envoy for Myanmar arrived on Friday in tense Rakhine state, where soldiers are accused of widespread abuse of members of the Muslim ethnic Rohingya minority, including torture, rape and killing of civilians and the burning of thousands of homes. UN rapporteur Yanghee Lee began a three-day visit to...
Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Lao PDR and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts-released this week. Among the least-developed countries, the...
Indonesian tycoon Hary Tanoesoedibjo will fly to New York next week for meetings with Donald J. Trump’s sons on resort projects in the Southeast Asian nation. Days later he will watch in Washington, D.C., as Trump is sworn in as US president. While their association began long before Trump ran...
Vietnam’s stock benchmark will rise as much as 17 percent this year as an expanding economy and the sale of stakes in state-owned businesses lure investors, the nation’s largest fund manager said. That would follow a 15-percent climb in 2016. “The macrosituation looks very favorable,” said Alan Pham, Ho Chi...
When the Myanmar military closed in on the village of Pwint Phyu Chaung, everyone had a few seconds to make a choice. Noor Ankis, 25, chose to remain in her house, where she was told to kneel to be beaten, she said, until soldiers led her to the place where women...
The Asean automotive market is dominated by Japanese brands, accounting for over 80 percent of the market share. The rest of the market in Asean comprises of American, Korean and European brands. The presence of Chinese and Indian original equipment manufacturers (OEMs) is, for the moment, marginal. This market...
CHINA says it was routine combat drills, yet, the deployment of the aircraft carrier Liaoning’s battle group in the Western Pacific and into the South China Sea has made neighbors jittery about Beijing flexing its muscles. The Defense Ministry says J-15 fighter jets and sea-borne helicopters practiced takeoffs and landings...
A rally in Southeast Asian stocks may persist even if a Trump-induced trade spat with China erupts, as strategists see the region offering shelter from any global fallout. After taking a dive as expectations for faster US interest-rate hikes damped their appeal, Asean’s emerging share markets have rebounded sharply in...
EAST Timor plans to negotiate a larger share of the oil and gas wealth in the seabed between the impoverished Southeast Asian nation and Australia by restarting talks on a maritime boundary. East Timor and Australia said in a joint statement on Monday the tiny half-island country plans to give...
WASHINGTON—Abuses appear “normal and allowed” in Myanmar’s response to an armed uprising by Rohingya Muslims, a senior US official said in an interview, casting a pall over one of President Barack Obama’s legacy foreign-policy achievements. Obama and his advisers have long held up the former pariah nation’s US-backed shift from...
By Esther Htusan | Associated Press JE YANG, Myanmar—Every afternoon, dozens of teenage girls at the school for displaced children line up on the grounds, dressed in white uniforms with belts of various colors: yellow, blue and white. They kick high and jump with glee before settling into their exercises, shouting...