TOKYO: Japan stands ready to take appropriate steps against excess volatility in the foreign exchange market and is watching currency movements with a great sense of urgency, top government spokesman Hirokazu Matsuno said on Thursday (Oct 13). Japanese authorities stepped into the foreign exchange market last month, selling the dollarContinue Reading
SEOUL: North Korean leader Kim Jong Un oversaw the launch of two long-range strategic cruise missiles, state media reported on Thursday (Oct 13), calling it a test to confirm the reliability and operation of nuclear-capable weapons deployed to military units. The test firing was conducted on Wednesday, and was aimedContinue Reading
TAOYUAN: Taiwan began welcoming back visitors on Thursday (Oct 13) after finally ending mandatory quarantines to control the spread of COVID-19, with gifts of cuddly toy black bears for the first tour group that stepped off the plane shortly after midnight. Taiwan had kept some of its entry and quarantineContinue Reading
Once a storied conglomerate, Toshiba has been weakened by accounting and governance scandals. Attempts to turn itself around have been overshadowed in recent years by discord between management and its many activist shareholders. The consortium will put up about 1 trillion yen in equity, with the rest likely to comeContinue Reading
Foreign policy has already been made a hot-button issue ahead of the parliamentary elections in Nepal, which is sandwiched between Asia’s superpowers China and India. Domestically, high inflation and a stagnant economy also feature high on the agenda.Continue Reading
Meanwhile, an anti-graft crusader, Mr Xi also took to the task of rooting out corruption with a fierce fervour. He famously vowed to crack down on both “tigers” and “flies”, referring to corrupt high-level and low-ranking officers alike. The fall of Bo Xilai, the former party chief in Chongqing, wasContinue Reading
Unlike other parts of the world where regulatory backing is a barrier, China has actively made way for driverless cars through detailed legislation, says Anjani Trivedi for Bloomberg Opinion.Continue Reading
KARACHI: Nobel Peace laureate Malala Yousafzai met on Wednesday (Oct 12) with victims of Pakistan’s devastating monsoon floods, in only the second visit to her home country since being shot by the Taliban a decade ago. Catastrophic flooding this summer put one-third of Pakistan under water, displaced eight million people,Continue Reading
“IT MEANS A LOT” The terrorist attack did not only affect Indonesians but also holidaymakers from 21 other nations. Some mourners flew all the way from countries like Australia and the United Kingdom to participate in the ceremony. Eighty-eight of the 202 victims were Australian, while 20 were from theContinue Reading
KUALA LUMPUR: The Malaysian Ministry of Finance said that the tabling of the 2023 budget last week was not in vain as it will be retabled again after the upcoming general elections. In a statement on Wednesday (Oct 12), the ministry also said that the budget can be an importantContinue Reading