Chu Ben Wee was sentenced to three years’ jail in December 2020 after he was convicted of four charges of outrage of modesty for taking upskirt videos of women using a shoe he had modified to conceal a camera.Continue Reading
Former commerce minister Boonsong Teriyapirom was granted temporary release from prison to attend his mother’s funeral, Wuttichai Jenwiriyakul, director of the Klong Prem Central Prison, confirmed on Tuesday.Continue Reading
MANILA – This week, President Ferdinand “Bongbong” Marcos Jr became the first Filipino leader to visit the United States in more than half a decade. His Beijing-friendly predecessor, Rodrigo Duterte, refused to visit even a single Western capital throughout his six years in office. The last time a Filipino president visited the US was in […]
The post Marcos hat in hand in US while keeping China close appeared first on Asia Times.
The cabinet on Tuesday approved a ministerial regulation to exclude Covid-19 from the list of illnesses that prevent entry to Thailand, deputy government spokeswoman Rachada Dhnadirek said.Continue Reading
Hong Kong’s government is expected to announce this week a further relaxation of its Covid-19 quarantine rules by November to attract more international travelers and restore the city’s sagging standing as an international business hub, according to local press reports. All incoming travelers to Hong Kong must now stay at designated hotels at their own […]
The post HK may finally lift quarantine rules in Nov appeared first on Asia Times.
The cabinet has approved an announcement extending the length of stay of visa-on-arrival and visa-exempt visitors, effective from Oct 1 until March 31, to aid the recovery of the tourism sector with the waning of the Covid-19 pandemic.Continue Reading
NAKHON PHANOM: A senior student at a school in Si Songkhram district is facing legal action for assaulting a much younger student whose takraw ball hit his expensive motorcycle.Continue Reading
Myanmar’s ruling junta on Tuesday (Sep 20) warned the public against showing moral support for a “terrorist” resistance movement, threatening jail terms of up to 10 years just for liking or sharing its content on social media. Myanmar has been plagued by violence since the military seized power early lastContinue Reading
The UN says the government helicopter attacks on a rebel area killed at least eleven children.Continue Reading
TOKYO — Punchbowls everywhere are becoming endangered species as central bankers scramble to yank them away with increasing urgency. Nowhere more so than here in Asia.
This metaphor is courtesy of William McChesney Martin, the US Federal Reserve’s longest-serving chairman who held the position from 1951 to 1970. He famously said a monetary authority’s role is that of a “chaperone who has ordered the punchbowl removed just when the party was really warming up.”
Since the 2008 Lehman Brothers crisis, the catchphrase markets most associate with central banks is “whatever it takes.” Mario Draghi, then-president of the European Central Bank, famously uttered these words in July 2012 amid debt-market turmoil on the continent. A year later, Bank of Japan Governor Haruhiko Kuroda would embrace a similar mantra.
Today, officials are racing to do what they can to tame inflation and keep up with current US Federal Reserve Governor Jerome Powell’s tightening cycle.
The post Race to hike rates guarantees global recession appeared first on Asia Times.