28 C
Makati City
Wednesday, June 21, 2017
YANGON, Myanmar—To ride Yangon’s charmingly decrepit Circle Line train is to ride through history. Built more than 60 years ago to connect rural suburbs and townships to the city’s commercial heart, its trains—some almost as old as the line itself—move nearly 100,000 people a day, in a slow, 28-mile...
Bogged down by policy uncertainty under military rule, companies in Thailand are spreading out. Thai businesses invested a record $13 billion abroad in 2016, dwarfing inflows of $1.6 billion, according to the United Nations Conference on Trade and Development (UNCTAD). In contrast, companies in Singapore and Indonesia cut investment overseas last...
A Singapore auxiliary police officer, who planned to join the armed conflict against Syria’s government, has been arrested along with one of his colleagues, the Home Affairs Ministry said on Tuesday. Muhammad Khairul bin Mohamed, 24, was arrested earlier this month under the country’s Internal Security Act, which allows indefinite...
What’s good for Indonesia’s fiscal chiefs is proving a headache for the central bank. President Joko Widodo’s push to phase out electricity subsidies that have drained the budget of billions of dollars is boosting prices in the economy and threatening the bank’s 3-percent to 5-percent inflation target. For reform-minded Widodo, getting...
Singapore Prime Minister Lee Hsien Loong’s younger brother Lee Hsien Yang said on Wednesday he feels “compelled” to leave the city-state amid a family dispute since their father’s death two years ago. “It is with a very heavy heart that I will leave Singapore for the foreseeable future,” Lee Hsien...
Prime Minister Najib Razak wrote a message on his web site this month to the more than 100,000 ethnic Malay families working on government-sponsored farms: “As long as I am prime minister, your welfare is guaranteed.” Just days later angry chatter spread across a closed Facebook group with 50,000 members...
It was classic bravado from the Philippines’s tough-guy president, Rodrigo Duterte. The Maute Group, a militant Islamic band fighting government troops near the southern Philippines city of Marawi last year, had asked for a cease-fire. The President rejected the overture. “They said that they will go down upon Marawi to burn the...
Singapore is thinking of making life easy for robot advisers. It’s a good idea to let low-cost, algorithm-based wealth managers have their shot at upending the marketplace for financial advice. Clients, especially millennials, are reluctant to pay top-drawer fees for unappetizing returns. The robot-wallahs claim to do a more efficient...
A 6.3-magnitude earthquake rocked off the south coast of Indonesia’s most-populated Java Island on Monday morning, the Indonesian Meteorological, Climatological and Geophysical Agency said. No casualties or damage have been reported so far. The quake struck at 6:15 Jakarta time. The epicenter was 179 kilometer southwest of West Java province’s Sukabumi...
Thai regulators plan to impose financial penalties on Facebook Inc. and other companies with video-sharing platforms, if they fail to swiftly remove what they deem to be illegal content. The new framework would give authorities the power to immediately demand the removal of offensive material without waiting for a court...
BANGKOK—Thai law-enforcement officials say they don’t know where the son of one of the country’s wealthiest families has escaped, but they’re confident they’ll catch Vorayuth “Boss” Yoovidhya before the statute of limitations runs out in a deadly hit-and-run case. Prosecutors held a news conference last Friday to assure the public...
HANOI—A sense of regionalism was one of the greatest achieve-ments of the Asean over the last five decades and will remain critical for its integration in the future, experts said during an international workshop named “Geo-political transition in the Asia-Pacific and the half-century road of Asean” held in Hanoi...
Nyl Patangan, a nursing graduate from the Philippines, left his native land in search of a better life. Now working in a Chicago hospital after a stint in Dubai, he’s supporting his parents back home and is buying his mother a Toyota Vios. A recent study by the Asian Development...
The Bank of Thailand said it’s easing some foreign-exchange rules to reduce compliance costs for the private sector. The baht strengthened as speculation the monetary authority might unveil major steps to curb the currency’s appreciation proved unfounded. The central bank, in a statement on Monday, laid out a timeline for...
AS global defense chiefs debated what “America First” and China’s rise meant for Asia’s future, regional officials focused on a more immediate concern: terrorism. Southeast Asian defense officials who attended Asia’s most high-profile security conference in Singapore this weekend repeatedly urged cooperation to counter what they said was the growing...
Indonesia’s ascension to investment grade at the big three ratings companies has spurred optimism for more inflows to the nation’s bonds. But beyond the hoopla, the risk-reward equation is worsening. BlackRock Inc., the world’s largest money manager, has moved to an underweight position on Indonesian US-currency debt, although it remains...
PHNOM PENH, Cambodia—Cambodia’s opposition claimed a strong showing in local elections last Sunday that could shake Prime Minister Hun Sen’s longtime grip on power. Hun Sen has repeatedly warned of civil war if his Cambodian People’s Party loses the majority in city and village councils to the main opposition party,...
Asia is set to become one of the last places on Earth where you can encounter an increasingly endangered species—human currency traders. By 2025, foreign-exchange dealing in G-10 currencies—which account for the overwhelming majority of the $5.1-trillion-a-day market—will become fully electronic, predicts David Mercer, CEO of LMAX Exchange, an electronic...
PHNOM PENH, Cambodia—Cambodians voted in local elections last Sunday that could shake longtime ruler Hun Sen’s grip on power. Prime Minister Hun Sen has repeatedly warned of civil war if his Cambodian People’s Party loses the majority in city and village councils to the main opposition party that made major gains...
HANOI, Vietnam—”Anyone want to sell their long hair?” came a sweet feminine voice creeping through a summer noon in the outskirts of Vietnam’s Hanoi capital city. The voice was not coming from the mouth of any woman or man, however, but from a small loud speaker attached to an old...
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