MANILA: A Philippine fuel tanker partially sank in the country’s waters on Tuesday (Feb 28), authorities said, as they tried to contain a diesel spill stretching several kilometres. The Princess Empress was carrying 800,000 litres of industrial fuel oil from Bataan province, near the capital Manila, to the central provinceContinue Reading
About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15-point action plan that aimed to curb practices that shielded a large chunk of corporate profits from tax authorities. But, according to our estimates, it hasn’t worked. Instead of reining in […]Continue Reading
It’s nearly a decade since the term “fourth industrial revolution” was coined, yet many people won’t have heard of it, or know what it refers to. Also known as industry 4.0, it’s a way of describing how connecting together different advanced technologies could transform how we make things. An example of this could be putting […]Continue Reading
BEIJING: China says the United States is overstretching the concept of national security and abusing state power to suppress foreign companies after the White House gave government agencies 30 days to remove Chinese-owned app TikTok on federal devices. “We firmly oppose those wrong actions,” said Chinese foreign ministry spokesperson Mao NingContinue Reading
SINGAPORE: Lydia Ko said on Tuesday (Feb 28) that she cannot afford to become “too cocky” even though she is world number one and among the favourites at this week’s HSBC Women’s World Championship in Singapore. The 25-year-old New Zealander, who got married in December, enjoyed a blissful start toContinue Reading
Sri Lanka’s key inflation rate eased to 50.6 per cent in February from 51.7 per cent in January, the statistics department said on Tuesday (Feb 28), as food prices eased. The Colombo Consumer Price Index (CCPI) reflected a reduction in food prices to 54.4 per cent in February from 60Continue Reading
Beijing hits back that the outbreak’s origin is “about science and should not be politicised”.Continue Reading
“REJUVENATION” China’s “rejuvenation” must be guided by Xi and the Central Committee as national governance is “modernised”, the Central Committee said in a communique but it offered no details. “It is necessary to fully, accurately and comprehensively implement a new development concept,” the committee, the largest of the party’s topContinue Reading
JAKARTA – Indonesia may have a tax-to-gross domestic product (GDP) ratio of only 11.9%, one of the lowest in the Asia-Pacific region, but nothing gets up the nose of the citizenry more than government officials in positions of influence seemingly living beyond their means. So it is with the latest case involving middle-ranking taxman Rafael Alun Trisambodo, who […]Continue Reading
The House debate on an executive decree postponing the enforcement of key provisions of the law against torture and enforced disappearance was adjourned on Tuesday after a group of MPs petitioned the Constitutional Court to rule its legality.Continue Reading