WASHINGTON: South Korean Foreign Minister Cho Tae-yul said on Monday ( Nov 18 ) he is” strongly confident” the South Korea-US alliance will continue to thrive under the incoming US administration of President-elect Donald Trump. In recorded notes to a conference held by Washington’s Center for Strategic and International Studies,Continue Reading
Clean-up procedures were afoot in the seaside town of Baler, Aurora province, to reduce felled trees and particles that had obstructed roads and waterways. According to hazard official Neil Rojo, “many of the homes here are made of light materials, so we are anticipating big damage to many of theContinue Reading
Authorities have worked hard to lessen the impact of the tourist traffic on Japan’s most popular rock, which has increased recently. Crowd control measures and an entry fee of ¥2, 000 ( US$ 13 ) succeeded in limiting the number of people climbing up Fuji this summer to around 178,Continue Reading
SINGAPORE: Peninsular Malaysia’s oil and gas production has dropped by half in the last century, with new deposits now concentrated in Sabah and Sarawak.
From 700, 000 barrels a day 10 years ago, production in the peninsula has decreased to 350, 000 barrels daily, Economy Minister Rafizi Ramli said on Sunday ( Nov 17 ) at his ministry’s engagement session in Kelantan with the state government.
According to Mr. Rafizi, Malaysia needs to accelerate its shift to clean energy because oil and gas are still significant contributors to its economical growth and income distribution. The oil and gas industry accounts for 20 % of Malaysia’s monthly gross domestic product, according to the Malaysian Investment Development Authority.
The transition to power in the country may be made more quickly. In this framework, the government needs to employ particular policies, including payment reform”, Mr Rafizi said without elaborating.
In his budget speech last month, Prime Minister Anwar Ibrahim announced a rebate cut for Malaysia’s top 15 % money group’s RON95 gasoline.  ,
” In the coast, 30 per cent of our oil is imported to generate power for business and if no actions are taken, we will be increasingly rely on foreign places”, Mr Rafizi added.
According to him, the state may have to deal with a major problem as a result of the peninsula’s declining oil and gas extraction, particularly in terms of funding distribution and allocation.
Malaysia is the second-largest oil producer in Southeast Asia and the world’s third largest exporter of liquified natural gas ( LNG ), with the country’s oil reserves mainly located off the coasts of Kelantan, Terengganu, Sarawak and Sabah.
According to the national government, Sarawak’s plausible and proven reserves of petroleum represent 60.87 per share of Malaysia’s full reserves, while Sabah’s make up around 18.8 per cent.
In response to concerns that US President-elect Donald Trump’s policies could boost the dollar’s strength, Bank Indonesia will leave interest rates unchanged on Wednesday ( Nov 20 ). The central bank can concentrate on the rupiah, which has decreased by nearly 5 % from its peak in September, while inflationContinue Reading
SINGAPORE: A week after the close of China’s largest website shopping windfall, one issue is starting to rear its mind: The fall of product results, with some womenswear shopowners seeing profit rates of up to 90 per cent.
Singles ‘ Day, or” shuang shi yi,” a 24-hour online shopping event that means “double eleven in Mandarin,” has grown into an annual blockbuster retail season. This time, deals were dangled from Oct 14, three-and-a-half days before the meeting.
According to regional media reports, product results have increased significantly this year, compared to previous trends. On social media, angry e-commerce shops also voiced their grievances, which drew attention to the issue.
Buyers have reacted at the same time, saying they did so because their payments were not of the highest caliber and fit.
No official data is available for the number of returned items during the Singles ‘ Day browsing time. But, checks by CNA found several online content complaining about this trend.
Xiao Feng,  , a person on the Taiwanese social media platform Xiaohongshu, posted a picture on Oct 29 showing a large pile of returned items containing children’s clothing.
” Choose stop returning your products! There were so many people in this first Singles ‘ Day return, the person grumbled. ” I sent out 20, 000 plans and 10, 000 were returned, among them were also items that were unjustly sent again.  ,
” This is so terrible, who would even try to sell women’s clothes? ”  ,
A blog by another person Tian Tian on Nov 1 claimed that during the initial wave of profits for Singles ‘ Day, out of the 2, 000 items sent out, 1, 500 were returned.  ,
A, a different retailer, displayed the large collection of clothing that had been returned to her Xiaohongshu account.  ,
” Results on the left, items that are supposed to get shipped out, and this is definitely only 50 per cent of it,” she wrote”. Fellow retailers, what are your profit rates? ”  ,
Any kind of military pact or security cooperation “must never be directed at or hurt a third party, and they must not aggravate regional peace or aggravate tensions in the region,” according to China’s international department on Monday. According to Lin Jian, a spokesperson for the Chinese unusual ministry,” theContinue Reading
In an effort to improve bond market liquidity and trading, the Philippine central bank announced the launch of an interest rate swaps market anchored to a recently established benchmark rate on Monday ( November 18 ). The Bankers Association of the Philippines helped establish the benchmark, the overnight reference rateContinue Reading
Sri Lanka, a 22-million-strong nation, was plunged into an economic crisis in 2022 by a severe foreign currency shortage that led to a 7.3 % decline in its economy in 2022 and a 2.3 % decline in GDP in 2013. In the coming weeks, the leader will have to releaseContinue Reading
HANOI: Coal-fired power plants in Vietnam are expected to operate at high levels next year to meet the country’s rising demand for electricity, the government said on Monday ( Nov 18 ). Most of the coal-fired energy plants may work for 6, 400-6, 500 hours in the year, the stateContinue Reading