Equity holders bear losses before holders of AT1 bonds: MAS
Under the takeover deal of Credit Suisse by UBS, holders of additional tier 1 one (AT1) bonds absorbed losses ahead of equity investors, a move many said went against convention.Continue Reading
Blinken says China has not ‘crossed line’ on lethal aid to Russia
WASHINGTON: US Secretary of State Antony Blinken said on Wednesday (Mar 22) that China has not provided substantial military aid to Russia despite Beijing’s ramping up of diplomatic support. “As we speak today, we have not seen them cross that line,” Blinken said in response to a question at a SenateContinue Reading
Blinken dismisses China’s ‘marriage of convenience’ with Russia
China has also stepped up diplomacy in the Middle East, where the United States has historically been the top power-broker. China announced last week that rivals and major oil producers Iran and Saudi Arabia would restore ties. Blinken, while saying that the accord had positive results, downplayed China’s role, saying thatContinue Reading
Cambodian opposition activists charged with insulting king
PHNOM PENH: Two Cambodian opposition activists were charged with insulting the king and incitement Wednesday (Mar 22) following Facebook posts the authorities deemed disrespectful to the monarch, according to court warrants. Human rights activists had previously warned enactment of the 2018 lese majeste law, which carries a sentence of betweenContinue Reading
Thai Sang Thai: Scrap conscription
Conscription should be abolished in favour of a full voluntary enlistment programme and better military welfare, says the Thai Sang Thai Party (TST).Continue Reading
Amnesty petitions govt to release activists
Amnesty International Thailand has joined other activists in handing a petition with the signatures of 8,517 people to caretaker Prime Minister Prayut Chan-o-cha, urging police to withdraw accusations against all political activists.Continue Reading
US to announce more sanctions against Myanmar junta
JAKARTA: The United States will announce further sanctions against entities inside Myanmar in the coming days, a senior State Department official said on Wednesday (Mar 22). Speaking to reporters in Jakarta, US State Department Counselor Derek Chollet said the sanctions will make it more difficult for Myanmar’s junta to generateContinue Reading
Dropout rate concerns Unicef
The number of Thais who are “not in education, employment or training” (NEET) is concerning, says Kyungsun Kim, director of Unicef Thailand.Continue Reading
China approves first home-grown mRNA Covid vaccine
China’s labs have spent years trying to create an mRNA vaccine – its own shots were less effective.Continue Reading
More arrests in phone scams targeting Americans
A total of 20 people — five Indian nationals and 15 Thais — have now been arrested for alleged involvement in a phone scam network preying on elderly Americans with damages exceeding 3 billion baht, police said on Wednesday.Continue Reading