Iran emerging as a big Ukraine war winner

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In: Asia

The war in Ukraine is helping one country achieve its foreign policy and national security objectives, but it’s neither Russia nor Ukraine. It’s Iran. That was starkly clear on the morning of October 17, 2022, as Iranian-made drones attacked civilian targets in Ukraine’s capital, Kiev. Russia used the Iranian drones to inflict damage on Ukraine’s […]Continue Reading

Singapore will ‘redouble’ efforts to develop, support local workers: Lawrence Wong

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In: South-East Asia

“HANDS-ON” AND “HEART” WORK Mr Wong also promised to strengthen “multiple pathways of progression” to help people with different strengths and talents flourish. “Our school system is becoming more diverse and flexible,” he said.  “We have been taking steps over the years to blunt the effects of streaming and allowContinue Reading

After pounding the UK, Truss mulls China hostilities

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In: Asia

In a highly unusual press conference on October 15, embattled British Prime Minister Liz Truss was asked the same question, consecutively, by three separate reporters. Though the three – these were “friendly” reporters, from right-wing media, all of whom Truss herself called on – used different wording, their question was essentially the same: “Why should […]Continue Reading

Singapore dollar the world’s other safe haven

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In: Asia, Business

SINGAPORE – In the latest salvo in its fight against inflation, Singapore’s central bank tightened monetary policy on Friday (October 14), allowing the national dollar to appreciate to curb domestic cost pressures in a move likely to bolster the currency’s increasingly favored status as it demonstrates resilience against the fast-appreciating US dollar. The Monetary Authority of Singapore (MAS) […]Continue Reading

Up to S0 cash for eligible Singaporeans, S0 CDC vouchers in latest round of support measures

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In: South-East Asia

This latest round of support measures comes after the Government announced in June a S$1.5 billion support package for households and businesses to help mitigate increased living costs from inflation and rising energy prices. This aid was similarly aimed at the lower-income and more vulnerable groups, and was also notContinue Reading

Japan ready to take appropriate action on volatile yen

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TOKYO: Japan stands ready to take appropriate steps against excess volatility in the foreign exchange market and is watching currency movements with a great sense of urgency, top government spokesman Hirokazu Matsuno said on Thursday (Oct 13). Japanese authorities stepped into the foreign exchange market last month, selling the dollarContinue Reading