SHIKARPUR, Pakistan: International aid agencies struggling to help hundreds of thousands of people displaced by deadly floods in Pakistan have asked for the easing of curbs on imports of food from Pakistan’s old rival India, a Pakistani minister said on Wednesday. Unusually heavy monsoon rains have triggered floods that haveContinue Reading
BEIJING: Parts of China’s southern city of Guangzhou imposed COVID-19 curbs on Wednesday (Aug 31), joining the tech hub of Shenzhen in battling flare-ups, but fuelling uncertainty over commerce and daily life in two of the region’s most economically vibrant metropolises. Several of China’s biggest cities have stepped up COVID-19Continue Reading
Former Kaeng Krachan National Park chief Chaiwat Limlikit-aksorn on the Office of the Attorney-General’s decision to indict him and three other suspects in court over the disappearance and the murder of Karen activist Porlajee “Billy” Rakchongcharoen.Continue Reading
SINGAPORE: Heavy traffic through the Woodlands and Tuas Checkpoints is expected during the upcoming September school holiday period from Sep 2 to 11, said the Immigration and Checkpoints Authority (ICA) on Wednesday (Aug 31). Travellers should expect delays and are advised to adjust their travel plans, where possible, to avoidContinue Reading
A woman who fled virtual slavery in the Philippines has told police she was one of dozens of Thais lured into working for a romance scam gang run by Chinese, and those who tried to leave were beaten, handcuffed and terrorised with electric shocks.Continue Reading
PETALING JAYA: Politicians from across the divide cheered on the 65th National Day celebrations through social media. Read full storyContinue Reading
NAKHON RATCHASIMA: An investigation is underway into who fired the shot that wounded a boy student at a school in Muang district on Tuesday, Pol Col Prasit Premkamol said on Wednesday.Continue Reading
SEOUL – A 10-year arbitration battle wrapped up on August 30 with the International Center for Settlement of Investment Disputes (ICSID) awarding American private equity finance fund Lone Superstar US$217 million in damages from the Southern Korean government.
The case has been sparked by what the particular Dallas-based fund alleged was Seoul’s refusal to permit the sale of a distressed asset it had obtained within a reasonable time period, robbing it of billions of dollars worth of profits. Lone Star opened proceedings at the ICSID in 2012.
However , this dry description does not do the investor-state dispute, which happened in the tumultuous wake of the 1997-8 Asian financial crisis, justice.
The extremely emotive struggle noticed unionists wielding machetes, secret cameras embedded in C suites, fund chairmen getting grilled in court and questions being asked behind closed doors in Washington’s corridors associated with power.
The particular post US private equity account wins Pyrrhic triumph over Seoul appeared initial on Asia Times .
SINGAPORE: An elderly man called the police three times on his 50-year-old son, who fought and repeatedly caused a commotion while drunk. The son, Tan Hock Lai, was on Wednesday (Aug 31) jailed for four weeks. He pleaded guilty to three charges of committing a public nuisance and disturbing theContinue Reading
The Office of the Attorney-General (OAG) will indict former Kaeng Krachan National Park chief Chaiwat Limlikit-aksorn and three other suspects in court on Monday over the disappearance and the murder of Karen activist Porlajee “Billy” Rakchongcharoen. The alleged killers have been officially informed of additional charges in the case.Continue Reading