Death scene in burned Filipino ferry moves rescuers to tears

The steel-hulled ferry could accommodate up to 430 people and was not overcrowded, said another coast guard official, Commodore Rejard Marfe. According to the manifest, it was carrying 205 passengers and a 35-member crew, Marfe said. In addition, it had a security contingent consisting of four coast guard marshals, whoContinue Reading

Japan unveils fresh childcare plan but funding unclear

Finance Minister Shunichi Suzuki said on Friday Japan must come up with a “permanent source of revenue” to fund childcare policies, but voiced caution over the idea of issuing extra debt. Ranil Salgado, the International Monetary Fund’s Japan mission chief, urged Tokyo to target such financial incentives towards low-income households.Continue Reading

New World Bank chief in make or break role

Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state. Many low- and middle-income countries – the population the World Bank is tasked with helping – are falling deeper into debt and facing […]Continue Reading

Trump’s Indonesia partner launches tourism complex on Java

JAKARTA: Indonesian property firm PT MNC Land launched on Friday (Mar 31) a 1,040 ha tourism complex on Java island, where former US President Donald Trump’s company will operate a hotel and a golf course. Indonesian President Joko Widodo also inaugurated a special economic zone within MNC’s tourism project, whichContinue Reading

Huawei, Nvidia pushing chip war boundaries

Huawei and Chinese Electronic Design Automation (EDA) companies have reportedly developed an integrated circuit (IC) design automation platform for producing semiconductors with features as small as 14 nanometers (nm). Evaluation and testing of the technology should be completed this year, according to a Chinese media report. Asia Times could not independently confirm the report. If […]Continue Reading