Earlier, the United States embassy in Canberra, the Australian capital, had said the Solomon Islands had notified it of a moratorium on navy vessels entering its ports. “On Aug 29, the United States received formal notification from the government of Solomon Islands regarding a moratorium on all naval visits, pendingContinue Reading
Deputy Excellent Minister and caretaker prime minister Prawit Wongsuwon chaired his first weekly cabinet meeting on Tuesday, but the prime minister’s seat normally busy by Prayut Chan-o-cha was left clear in his honour.Continue Reading
TOKYO – As US Federal Reserve Chairman Jerome Powell rocks and roils global markets, he may have an unlikely but pivotal ally in Seoul.
Markets everywhere are still quaking over Powell’s August 26 speech in Jackson Hole, Wyoming, where he warned that higher interest rates will cause “some pain” and that the Fed’s tightening cycle may persist “for some time.”
Yet Bank of Korea Governor Rhee Chang-yong seems less shaken than most. That’s an intriguing crouch given how the Fed’s last big rate-hike campaign in 1994 and 1995 devastated South Korea’s economy, along with those of Indonesia and Thailand.
But Korea’s economy has changed radically since the 1997-98 Asian Financial Crisis. And more recently, the BOK has accepted inflationary realities and utilized its brake pedal well before the Fed decided to act.
The post What Powell could learn from Rhee appeared first on Asia Times.
PUTRAJAYA: Prime Ressortchef (umgangssprachlich) Datuk Seri Ismail Sabri Yaakob is certainly confident that the country’s economic growth output of between 5. 3% and six. 3% this year can be achieved. Read through full story Continue Reading
For those wanting to involve in some nostalgia, the particular park is releasing a line-up of activities from Sep 3 called The Flight To Remember, to celebrate its legacy and rich traditions.Continue Reading
ABU DHABI: As a twin-turboprop aircraft takes off under the burning up desert sun along with dozens of salt storage containers attached to its wings, United Arab Emirates meteorological official Abullah al-Hammadi scans weather maps on computers screens for cloud formations. At 9, 500 feet above ocean level, the planeContinue Reading
BEIJING: Millions of people within areas surrounding China’s capital were ordered into lockdown Wednesday (Aug 30), with authorities doubling down on efforts to include COVID-19 ahead of a key ruling Communist Celebration meeting this year. Almost 4 million people in Hebei state, which surrounds Beijing, were ordered to stayContinue Reading
BEIJING: Several big Chinese towns escalated COVID-19 limitations on Tuesday (Aug 30), with government bodies doubling down on initiatives to contain the coronavirus ahead of a key judgment Communist Party conference this year. Nearly four million people within Hebei province, which usually surrounds Beijing, had been ordered to stayContinue Reading
Taipei has become a routine place to go for US lawmakers and other officials since House Speaker Nancy Pelosi’s visit to Taiwan in early August. Her vacation was soon accompanied by a congressional contingent led by Senator Ed Markey, a team of industry negotiators helmed by Indiana Governor Eric Holcomb, and then, final Thursday night, a third congressional delegation. President Joe Biden’ s administration reportedly encouraged Pelosi […]
The post Why Washington must tread carefully along with Taiwan appeared first on Asian countries Times .
NOWSHERA, Pakistan: Makeshift camps have got sprung up throughout Pakistan – around schools, along motorways and at military assise – to give refuge to millions of out of place ton victims . But the relief at finding stability can turn to desperation for a lot of. In the northwestern townContinue Reading