Latest Southeast Asia News
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Investors to gain access to Pakistan with imminent fund launch
The first Pakistan fund, the Melchior Selected Trust Pakistan Opportunities Fund (MSTPOF), will be launched on 19 June by Dalton Strategic Partnership LLP, advised by KASB Funds in Karachi. At launch, it is believed that MSTPOF will be the only Luxembourg UCITS Fund dedicated to investing in Pakistan equities. Dalton Strategic Partnership LLP believes that Pakistan warrants particular ...
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Morsi Critics Demand Early Egypt Elections
An Egyptian signs a petition for Tamarod, Arabic for "rebel", a campaign calling for the ouster of Egyptian President Mohammed Morsi and for early presidential elections in the Shubra neighborhood in Cairo, Egypt, June 2, ...
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Senate Includes Foreign Adoptees in US Immigration Reform Bill
The U.S. Senate has voted in favor of automatic citizenship for foreign-born children adopted by American families. The chamber added the measure to landmark legislation to overhaul the U.S. immigration system, a top priority of President Barack Obama’s agenda. Senators have proposed scores of amendments to the immigration bill, and Tuesday the Senate voted on four of them. Democratic ...
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Gunmen Kill Dozens in Northern Nigeria Village
Witnesses say dozens of gunmen arrived on motorbikes early Tuesday in the village of Kizara, moving from house to house and shooting at residents. Some of the gunmen climbed on top of a hill and opened fire on villagers who tried to escape the attack. Zamfara state officials say the gunmen were part of a group of cattle rustlers that have been terrorizing the local community. The gunmen ...
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Al-Shabab Attacks U.N. Compound in Mogadishu
Militant group al-Shabab has claimed responsibility for what officials are calling a suicide bomb attack on a United Nations compound in the Somali ...
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AFCs President congratulates Asian soccer teams who have qualified for participation in the World Football Cup2014 in Brazil
Kuala Lumpur: June 19 -- (BNA)-- The Asian Football Confederation (AFC)'s President, Shaikh Salman bin Ibrahim Al Khalifa, congratulated the Asian football teams who qualified for participation in the World Football Cup finals in Brazil in 2014, wishing them success and best of luck in future in order to honor Asian soccer. Shaikh Salman bin Ibrahim Al Khalifa praised the great ...
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India vs Sri Lanka Key head-to-head battles in the second semifinal
After slugging it out in the group stage of the ICC Champions Trophy, two of the biggest cricket giants - India and Sri Lanka - are up in arms against each other in the second semifinal on Thursday. While Team India has undoubtedly looked to be the best team in the tournament, their counterparts from Sri Lanka have fought hard to make the semifinals.MS Dhoni's men are on a winning streak at ...
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Pakistan violates ceasefire after Army foils another infiltration bid
As the infiltration bid was foiled, Pakistani troops opened heavy firing on Indian posts in Mandi, Krishna Ghati and Chakan-Da-Bagh in Poonch ...
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Thailand cuts subsidy to rice farmers
(52 mins ago) Thailand said Wednesday that it would slash the price paid to rice farmers under a controversial scheme that caused the kingdom to lose its place as the world's top exporter of the commodity last year. The country has paid its farmers around 50 percent more than the market value for rice since 2011 in an effort to boost incomes in the rural heartlands of the ruling party, ...
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China to make joint effort with Vietnam to advance bilateral relations FM
Chinese Foreign Minister Yang Jiechi (2nd R) meets with Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem (2nd L) in Bali, Indonesia, July 21, 2011. (Xinhua/Chen Duo)Chinese Foreign Minister Yang Jiechi said in Bali Thursday that China hopes to make joint effort with Vietnam to advance the bilateral relations on the right track. China and Vietnam have established a ...
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Russia S.Korea Singapore sign nanotechnology cooperation deal
Russia, South Korea and Singapore signed a cooperation deal on developing nanotechnology Thursday.A memorandum of understanding signed Thursday on the sidelines of the 2011 St. Petersburg International Economic Forum broadens investment in the Asia Nanotechnology Fund, which was set up last September by the Russian Corporation of Nanotechnology (RUSNANO), the Singaporean Economic Development ...
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Pilots go on strike in Indonesia some flights delayed cancelled
Hundreds of pilots of leading carrier Garuda Indonesia staged a strike on Thursday that cause flight delays and cancellations in several airports in the country.The strike started since midnight Thursday after the president of Garuda Pilot Association Stephanus Gerardus told his colleagues to stop flight."This morning (Thursday) at 03:15 a.m. Jakarta time we instructed (the pilots) not to ...
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17 killed 30 injured in road accident in Bangladesh
At least 17 people were killed and about 30 others injured as a goods laden truck and a night passenger bus collided head on in Bangladesh's Shajahanpur sub- district of Bogra district, 197 km northwest of the capital Dhaka, on Thursday morning.Police was quoted by private news agency UNB as saying that the Dhaka bound truck collided head on with the passenger bus, leaving 11 passengers ...
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One killed as light plane crashes in southern Philippines
One person was killed and another injured when a light plane used for spraying pesticide over plantations crashed in southern Philippines late on Wednesday, police said on Thursday.Bonifacio Cabansag, 42, a traffic control personnel for banana firm Dole Philippines died after being hit by the company's spray aircraft as it landed on an airstrip in Mapawa village, Maragusan town, in ...
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Sri Lanka rupee up on exporter dlr sales depreciation pressure remains
COLOMBO, June 19 (Reuters) - Sri Lanka's rupee edged up on Wednesday due to late dollar sales by exporters on thin volume, with the central bank not intervening in the currency market, but depreciation pressure on the rupee still remains a concern, said dealers. "The rupee ended firmer due to last-minute dollar sales by exporters and foreign banks," a currency dealer said on ...
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Thick haze sparks respiratory infections in Riau
Thick haze blanketing Bengkalis regency and Dumai City in Riau over the last few days has increased the number of respiratory infections.In Bengkalis, the number of people suffering from respiratory infections reached 531 as of June 17, jumping from only 387 a month earlier."The sharp increase in the number of respiratory infection cases has been caused by the thick haze blanketing the ...
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Rural poor to get second priority for cash assistance
The poor living outside the major metropolis might have to wait a little longer to receive the government's direct cash assistance (BLSM).Coordinating Minister For People's Welfare Agung Laksono said in Jakarta on Wednesday that the disbursement of the BLSM in rural areas would have to wait due to access problems."The disbursement will begin in 12 major cities, then the rest will ...
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MNC to buy ANTV from Bakrie
Media conglomerate MNC Group is set to purchase ANTV television from Bakrie Group's PT Visi Media Asia (VIVA).MNC Group director David Fernando Audy said as quoted ...
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IHSG closed in the red
The Indonesian Composite Index (IHSG) dropped into the red zone on Thursday.Kontan.co.id reported that the index plunged by 0.70 percent to 4,806.65 during the final trading session.Transaction volume stood at 11.45 billion shares and only the trade sector sector ended in the green zone with 0.42 percent gain.The top losers were PT Lippo Karawaci dwn by 4.85 percent, PT Adaro Energy 4.71 ...
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Huawei chosen for Myanmar rollout
Chinese vendor Huawei has been selected to work with state-backed telco Myanmar Post and Telecommunications (MPT) to expand wireless networks in the country, local news portal Eleven Myanmar writes, citing sources ...
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Vimpelcom attracts ‘concrete’ buyer for unwanted African assets Laos deal imminent
USD400 million. Although the deal has yet to be finalised, the agreement is said to be 'concrete'. Interestingly, the buyer is said to be a private equity investor, rather than one of the major telecom groups in the region that had previously been linked with a potential deal. Standard Chartered is advising Vimpelcom on the transaction, having been hired in 2012 to find a buyer for its ...
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Cambodia PM says garment firms may quit over wage rows
PHNOM PENH (AFP) - Cambodia's strongman Prime Minister Hun Sen on Wednesday warned garment workers that protests demanding higher wages could push manufacturers to quit the country. His appeal came after unions last week said hundreds of workers had been fired from a factory making sportswear for US giant Nike after a series of pay protests. Cambodian workers have repeatedly demonstrated ...
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Haze update Indonesia to use rain-making technology to stop fires
An Indonesian firefighter extinguishes a fire near a forest area of Pekanbaru in Riau province located in Sumatra island on Wednesday, June 19, 2013. Indonesia plans to use weather changing technology to try to unleash torrents of rain and extinguish raging fires on Sumatra island that have cloaked neighbouring Singapore in thick haze, an official said on Wednesday. -- PHOTO: ...
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Points to ponder on gold Asian demand and QE tapering
Asian gold demand, and that from China in particular, is of far more importance than markets credit - and QE tapering may not be negative for gold, at least in the medium to long ...
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Intrepid faces tough fight over Indonesia copper-gold mine
- Australia's Intrepid Mines Ltd is learning that business in Indonesia is personal as it wages a difficult fight to win back rights to a $5 billion copper and gold prospect in East ...
Cambodia Focus
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Cambodia reliant on China for a range of infastructure projects
Cambodia is in need of foreign investment for a number of major infrastructure projects and China is becoming the country’s biggest investor on several key ventures. This is part of a broader expansion in China’s influence in Asia as the country continues to develop into the world’s second superpower.
Cambodia suffered through the economic downturn that came about following the financial crash toward the end of 2008. In 2009, the economy contracted 1%, which wrought significant hardship for many hundreds of thousands of people, most notably those employed in the garment sector as the export of clothing fell by around 20% in value. Read more
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