TOKYO — When Larry Summers says it’s bad, you know it’s bad. Ex-Treasury Secretary Summers made his bones amid the wreckage of the 1997-98 Asian financial crisis. Summers was a key member of the financial fire brigade tending to — and at times making worse — a blazing meltdown that left big scars. As such, […]
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Australian Sean Turnell, an economic advisor to Myanmar’s democratically-elected leader Aung San Suu Kyi, has been in prison since the military coup of February 2021, awaiting trial for the supposed crime of stealing state secrets. This week a puppet court sentenced him to three years in prison, alongside Suu Kyi, who has already been sentenced […]
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JAKARTA: Indonesia has approved its first locally developed COVID-19 vaccine for emergency use, the head of the country’s public health agency said on Friday (Sep 30), hailing it as a step toward “the nation’s independence in access to medicine”. Jakarta has stressed the importance of developing national vaccines since the beginningContinue Reading
The European Union is preparing to impose a new tranche of sanctions against Myanmar’s democracy-suspending, coup-installed military regime, but behind the new measures, a debate rages about whether Brussels should revoke the benighted nation’s EU trade privileges. In particular, many European and Myanmar trade unions are calling for Myanmar’s suspension from the Everything But Arms […]
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Professionals in SEA value job security during uncertain times
Hiring new talent remains challenging in SEA, especially in Malaysia The much-publicised âGreat Resignationâ appears to be more muted in Southeast Asia, based on the latest survey from Robert Walters.Â
In a statement, the recruitment firm said professionals in the region are valuing job…Continue Reading
SINGAPORE: Singapore’s Temasek Holdings said that market valuations had not yet priced in a global economic recession and that the state investor was waiting for further declines before stepping up investments. “Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” Temasek’sContinue Reading
KUALA LUMPUR: The FBM KLCI erased losses made earlier in the day to end the morning session slightly higher even as regional markets slumped. Read full storyContinue Reading
HANOI: Seven bodies have been found washed ashore on a beach in southern Vietnam, authorities said on Friday (Sep 30), a week after a boat with more than 40 people on board sank off the neighbouring Cambodian coastal town of Sihanoukville. The bodies found on a beach on Phu QuocContinue Reading
BANGKOK: Thailand’s Constitutional Court is due to deliver its verdict on Friday (Sep 30) on a case that seeks to determine whether Prime Minister Prayut Chan-o-cha has already exceeded the eight-year term limit set for his role. Prayut, who seized power in a 2014 coup before formally becoming prime ministerContinue Reading
Despite the United States’ efforts to galvanize the West against China, competing interests between America and its closest democratic allies abound. The state of Israel is no exception: As Israel continues to develop its burgeoning, US$18 billion bilateral trade relationship with China, its international ports at Haifa and Ashdod remain persistent flashpoints between Israeli and American security experts. Since […]
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