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Makati City
Friday, March 24, 2017
It may be one of the smallest economies in Asia, but Vietnam is among those leading the infrastructure race. Vietnam’s public and private-sector infrastructure investment averaged 5.7 percent of GDP in recent years, the highest in Southeast Asia and compares with 6.8 percent in China, according to the Asian Development Bank...
Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions, such as whether it applies to existing apartments, hurting efforts to...
Thailand’s military government is cracking down on traffic carnage, invoking special executive powers accorded by an interim constitution to force automobile drivers and all their passengers to wear seat belts. The move by Prime Minister Prayuth Chan-ocha comes ahead of next month’s celebration of the traditional Songkran New Year’s holiday,...
BANGKOK—A Thai civilian group said recently that they have found some 2,971 land mines in an area near Thai-Cambodia border since last September and was helping the military clear them all in several days. This area, marked Suspected Hazardous Area (SHA) 397-01-2AD and located in Chong-prik temporary border pass, Buached...
JAKARTA, Indonesia—Indonesia has deported two French journalists for committing visa violations while shooting a documentary film in Indonesia’s easternmost province of Papua. Immigration Office Spokesman Agung Sampurno said on Sunday the journalists, Jean Frank Pierre and Basille Marie Longhamp, were sent home on Friday through Mozes Kilangin airport in Timika. The...
AN El Niño may develop by July, as forecasters worldwide predict the pattern that can disrupt global weather is set to return this year. Six of eight climate models predict El Niño thresholds may be reached by July, with all showing steady warming in the central tropical Pacific Ocean over...
A United Nations expert on Myanmar said she’s “disappointed” at the lack of “appetite” at the Human Rights Council to back her call for the creation of Commission of Inquiry into alleged crimes against the Rohingya minority. Special rapporteur Yanghee Lee, speaking to The Associated Press after addressing the 47-member...
Rights groups are urging Thailand’s government to enact legislation banning torture and forced disappearances as its human-rights record comes under United Nations review. Tuesday’s review in Geneva by the United Nation Human Rights Committee came shortly after Thailand’s legislature unanimously ratified a UN treaty against forced disappearances. But groups, such...
Rising foreign-direct investment, quickening economic growth and a privatization program that’s boosting the size of the market have offshore investors optimistic there’s more juice left in Vietnam’s stocks rally. The benchmark VN Index is up 7.7 percent this year, following an advance of 15 percent in 2016, and reached a...
Australia is pinning its hopes on sugar to revitalize exports to Indonesia, as it seeks momentum for a free-trade agreement that has been mooted for nearly a decade. With two-way trade at its lowest since 2009, Australian Trade Minister Steve Ciobo hailed a recent deal to reduce sugar tariffs from 8...
Whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions. Singapore has eased some rules in its property market, after more than three years of home-price declines. Hong Kong last November tightened some restrictions, after prices rallied following...
Malaysia’s deputy prime minister said on Sunday 315 North Koreans are in the country and barred from leaving, amid a diplomatic dispute over the killing of North Korean leader Kim Jong Un’s estranged half brother. The figure is lower than an estimate previously given by a government official, who had...
Myanmar’s largest privately owned bank by assets says it’s willing to sell a stake to a foreign lender, pending a change in the country’s law, as it gears up to expand its operations in one of Asia’s most underbanked nations. “In any emerging market, capital is important,” said Nang Kham...
Southeast Asian economies and the European Union (EU) agreed last Friday to work toward resuming stalled free-trade agreement (FTA) talks and counter a trend toward protectionism. In a joint statement, economic ministers of the 10-member Association of Southeast Asian Nations and European Trade Commissioner Cecilia Malmstrom said the global economic...
Myanmar is embarking on the first comprehensive audit of state-owned banks in decades, part of a push to modernize the financial system and tackle risks to the nation’s rapid economic growth. The World Bank is working with Aung San Suu Kyi’s government on the project and the results will help to...
AS one of Asia’s fastest-growing economies and the most populous Muslim nation in the world, Indonesia is billing itself as a natural home for Middle Eastern investment at a time when the US is turning inward. With a landmark visit by Saudi Arabia’s King Salman bin Abdulaziz to Southeast Asia...
KUALA LUMPUR, Malaysia—The United Nations says two of its employees who were among 11 Malaysians stuck in North Korea because of a travel ban have left the country. The two work for the World Food Program (WFP) in North Korea. Jane Howard, the WFP coordinator for global issues, said they arrived...
Two of the world’s most intriguing mysteries are in the hands of Malaysian investigators. Will they ever find all the answers to either? One of them—the fatal poisoning of the half brother of North Korea’s ruler with a banned nerve agent—happened long after the other—Malaysia Airlines Flight 370, which vanished...
On the stairway rising to Moulmein’s great Buddhist shrine, the visiting British writer Rudyard Kipling was inspired to pen one of the most anthologized poems of the English language. “By the old Moulmein pagoda, lookin’ lazy at the sea/There’s a Burma girl a-settin’, and I know she thinks o’ me,”...
As one of four presidents at Thailand’s biggest lender, Kasikornbank Pcl., Kattiya Indaravijaya often conducts interviews for senior positions. The job candidates are impressive.  And almost always, they’re women. “I’m wondering, there’s no guy?” Kattiya, 51, said in an interview in her office along the Chao Phraya River in Bangkok....