Latest Southeast Asia News
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Brunei told Boost market confidence
Right environment needed for Islamic finance to prosper.BRUNEI must create market confidence by improving its systems if it wants to become a significant player in the global Islamic finance scene, ...
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Cooperation key to success in team competition
Chillax said teamwork is crucial to success in anything we do."Teamwork is important in any situation, not only in competition but also in our daily life," ...
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8-nation SAR teams descend on disaster-struck Mentiri
SEARCH and Rescue (SAR) reinforcements from seven countries descended upon "disaster-struck" Mentiri to assist the Royal Brunei Armed Forces (RBAF) yesterday.In this drill scenario, the SAR teams from China, Malaysia, Thailand, South Korea, United States, Vietnam and India came in the aftermath of Typhoon Simpur. China, Malaysia and Thailand SAR Teams deployed helicopters within hours ...
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Glimpse of Bruneis past at history carnival
(Above) A father and son looking at paintings at the History Carnival yesterday. (Below) A family playing with a boat model. Pictures: BT/Rahwani ...
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Brunei Singapore to enhance ICT tie-up
Minister of Communication YB Pehin Dato Hj Abdullah (L) held a bilateral meeting with Singapore's Minister for Communications and Information Dr Yaacob (R) at the Marina Bay Sands Expo and Convention Centre in Conjunction with the 9th Ministerial Forum on ICT 2013, Singapore. Picture: Courtesy of ...
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Brunei three others agree on 700 MHz band plan
Mesixty's Keeran Janin (L) showcasing his Top Halal Restaurants (Singapore) app to the Minister of Communications Yang Berhormat Pehin Orang Kaya Hamzah Pahlawan Dato Seri Setia Haji Abdullah Begawan Mudim Dato Paduka Haji Bakar at the Brunei Pavilion at Communicasia 2013 in Singapore yesterday. Picture: Courtesy of ...
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HRH urges local Islamic financial institutions to adopt PPP models
HRH Prince Haji Al-Muhtadee Billah, the Crown Prince and Senior Minister at the Prime Minister's Office, delivering sabda at the opening of the Brunei Islamic Investment Summit 2013 at The Empire Hotel & Country Club yesterday. Picture: BT/ Fitri ...
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HM bids farewell to RGRs 2nd Battalion
2RGR press release said.The statement added the Battalion has had a highly successful time in Brunei, working closely with the Royal Brunei Armed Forces ...
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Some 300 Cambodian Nike workers fired after protests
About 300 laborers at a Nike factory were fired yesterday after massive protests for better wages, part of a worldwide reflection on developing world factory conditions after the tragedy in ...
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Pentagon to Allow Women in Key Combat Roles by 2016
PENTAGON -- The U.S. military says that within the next three years, it will put women in key combat roles from which they were previously excluded. American women have been serving in combat roles and hundreds have been killed on the front lines for years, but they have been excluded from key positions in areas including Special Operations and infantry. In January, then-Defense Secretary ...
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Marty criticized over migrant worker data
Lawmakers from the House of Representatives Commission IX overseeing manpower scolded Foreign Minister Marty Natalegawa for failing to provide complete data on Indonesian migrant workers abroad.In a hearing with Commission IX discussing the Jeddah riot, Marty told lawmakers that there was no accurate data on the number of Indonesian migrant workers abroad."There is yet to be accurate data ...
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Philippines To Destroy Five Tons Of Illegal Ivory Symbolic Victory For Elephant Conservation
The Philippines has announced it will destroy five tons of seized ivory, a major symbolic step for a nation known for playing a major role in the illegal ivory trade. ';The destruction of the items would hopefully bring the Philippines’ message across the globe that the country is serious and will not tolerate illegal wildlife trade, and denounces the continuous killing of elephants ...
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Scheme will run till 2017
Rice price to be cut from June 30 but policy to continue despite huge cost The Yingluck Shinawatra government has given in to heavy public criticism over the huge Bt130-billion loss incurred through its controversial rice-pledging scheme, agreeing to reduce the minimal price from Bt15,000 to Bt12,000 per tonne. Payment for rice will be reduced from the end of this month - June 30 - till the end ...
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Yen Holds Decline Versus Dollar on Stock Gains Fed Prospects
The yen extended declines against the dollar before the Federal Reserve starts a two-day meeting today amid speculation about when the central bank will slow its quantitative easing programme of bond purchases. The currency weakened against most of its 16 major peers after a Bank of Japan report showed its current-account balance will rise to a record amid unprecedented monetary stimulus. ...
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Emerging Stocks Drop on Stimulus Concern as Philippines Rallies
Emerging-market stocks fell for the first time in three days amid concern rising Chinese home prices will limit the scope for monetary stimulus. Shares in the Philippines and Indonesia surged. GCL-Poly Energy Holdings Ltd (3800) tumbled 12 percent in Hong Kong after a unit of China’s sovereign-wealth fund agreed to sell a stake in the company. S-Oil Corp. and Lotte Chemical Corp. ...
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Alibaba-Backed Sinosoft Tech Plans $60 Million HK IPO
Sinosoft Technology Group, an export-services software firm in which Alibaba Group owns a 25 percent stake, is planning to raise around $60 million in an initial public offering in Hong Kong, a person familiar with the situation said Monday. The firm will start taking institutional investors’ orders from Wednesday and plans to list on the Hong Kong stock exchange on July 5. Alibaba ...
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REITS in HK Singapore Lose Their Allure
Hong Kong and Singapore have seen a spate of initial public offerings by trusts playing on investors’ desire for two elements in recent months: yield and hard assets.But a recent selloff in real-estate investment trusts in both cities hints at the fading allure of dividend-paying stocks, as concerns that the US Federal Reserve may soon scale back its stimulus moves have driven up Treasury ...
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Taiwan outpost looks to former foes for survival
Matsu used to be the most dangerous assignment there was for draftees into Taiwan’s military. Located only 9km from the coast of mainland China, commanders in the island group told of a time decades ago when Chinese special forces frogmen would land under the cover of darkness and kill unsuspecting young soldiers on guard duty. Nowadays, the islands and their residents are looking to the ...
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Taiwan Negotiations With Philippines To Continue
Taiwan and the Philippines are expected to hold another meeting early next month to continue negotiating on fishing operations in the overlapping waters of their exclusive economic zones, an official said yesterday. The second preparatory meeting – to pave the way for fishery talks between the two countries – is set to take place in Taipei, said Benjamin Ho, director-general of the ...
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Korea and US on same page
South Korea has joined the US in insisting that rival North Korea take ';concrete'; steps towards abandoning its nuclear weapons if it wants to end its international isolation. The South’s comment yesterday came a day after Pyongyang sought to circumvent Seoul by seeking talks with Washington. The move was widely seen as an effort to drive a wedge between the US and its South ...
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UN chief Any US-N Korea talks must focus on denuclearising Korean peninsula
Secretary-General Ban Ki-moon believes any dialogue between the United States and North Korea should focus on the goal of denuclearising the Korean peninsula, a UN spokesman said Monday. UN deputy spokesman Eduardo del Buey said that Ban also believes inter-Korean dialogue is key to defusing tensions and ensuring peace on the peninsula. Ban’s spokesman was asked to comment on North ...
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N Korea Tries Nuclear Head Fake
North Korea-US: The Korean Central News Agency broadcast an important statement on 16 June. ';The spokesman for the National Defense Commission (NDC) of the Democratic People’s Republic of Korea (DPRK) issued the following crucial statement on Sunday: The present US administration is now asserting that the development of the situation depends on the DPRK, urging the DPRK to show ...
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Top Milk Producer Bulks Up in China
China’s top milk producer China Mengniu Dairy Co. 2319.HK 0.00 percent Ltd is buying a majority stake in smaller rival Yashili International Holdings Ltd, 1230.HK 0.00 percent two people familiar with the transaction said. The deal will trigger a mandatory offer for shareholders in Hong Kong-listed Yashili, which has a market capitalisation of $1.5 billion. Exactly how much Mengniu is ...
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China’s Huawei launches smartphone
Chinese telecoms giant, Huawei, will hold its first global product launch, hoping to capture market share from the industry-leaders Apple and Samsung in the highly competitive smartphone market. The firm will launch its flagship smartphone, the Ascend P6, in London. Asia Business Report asked Andrew Milroy from the consultancy Frost and Sullivan if Huawei can compete with its bigger ...
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China’s credit bubble is unprecedented Fitch
China’s shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned. The agency said the scale of credit was so extreme that the country would find it very hard to grow its way out of the excesses as in past episodes, implying tougher times ahead. The debt snowball is getting bigger and bigger, without ...
South East Asia Digest
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Southeast Asia's growing prominence in world trade
Southeast Asia has been, for many centuries, a major part of world trade and the recent recession has not hampered this position as the region is recovering much faster than many more developed countries.
Southeast Asia, although geographically large, covering an area of around 5 million square miles, is comparatively small economically in relation to the number of people that inhabit the area. The Southeast Asian region is home to over 500 million people and yet the region’s GDP is just US$1.5 trillion, or around US$2,500 per person annually. Read more
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