Latest Southeast Asia News
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101000 Singapore millionaires in 2012
The share market rally sharply increased the ranks of Singapore's wealthy last year. New figures out yesterday show that there were 101,000 millionaires by the end of 2012 in Singapore, a jump of 10.3 per cent over 2011. Their total wealth went through the roof as well and was estimated to have hit US$489 billion (S$615 billion), up 11.5 per cent on the 2011 level. The report by ...
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Indonesia dodges haze blame game
Amid criticism from its neighbours, Malaysia and Singapore, over the cross-border haze and deteriorating air quality affecting the two countries, Foreign Minister Marty Natalegawa talked tough on the issue, saying that Asean members should collaborate to address the situation rather than lay blame. "The approach must be one of collaboration and partnership, not one of apportioning blame ...
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Thailands first-car scheme has hit people also trying to buy cheaper homes
Up to 10 per cent of Thais who try to buy homes at prices up to 2 million baht (US$65,000) from Pruksa Real Estate Plc have suffered knockbacks for mortgages because of "substandard" credit scores after they bought a vehicle under the government's first-car scheme. Pruksa chief business officer Piya Prayong said the company had tried to help customers by suggesting they find ...
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Mango season in full swing in Pakistan
Season of mangoes, the king of fruits, is now in full swing as the fruit has made it to the market in big quantity. The season of the delicious fruit will last until the end of July. There are varying assessments of stakeholders as to size of crop and rates in the market. Wholesale fruit market is brimming with buyers, exporters and traders on a daily basis as truck loads of the fruit start ...
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Advice for Thai politicians
Politicians forget too quickly about the people who put them in power, as Pheu Thai and the government were rudely reminded last weekend. The by-election in Bangkok's Constituency 12, Don Muang district, last Sunday was not just another insignificant poll. It was widely followed and closely watched, not just by people in the constituency itself, but also by many observers around the ...
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Asian firms need to understand politics to succeed experts
Asian companies will have to reinvent their business strategies and develop long-term plans in order to be able to take the advantage of the surge in the region's economy, experts have said. In addition to the improvement of marketing strategies, companies should also understand the highly dynamic local political situation in the region to achieve success. Takumi Shibata, ...
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Race is on for Southeast Asias tech breakthrough
SINGAPORE - Technology start-up companies in Southeast Asia are building momentum but need more funding and success stories to really take off, three entrepreneurs told the Reuters Global Technology Summit on Wednesday. With 600 million people, Southeast Asia has some of the world's fastest-growing economies, a rapidly rising middle class and an enormous hunger for smartphones and other ...
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Smoggy Singapore struggles to get to grips with pollution takes aim at companies and neighbors
(30 mins ago) Singapore and Indonesia were scheduled to hold emergency talks today after thick smog from forest fires on Sumatra island reached unprecedented levels on the island. Parts of Malaysia have also been severely affected by the smog. Singapore said it was sending the chief executive of the National Environment Agency, Andrew Tan, to attend an emergency meeting to be hosted by ...
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Singapore Airlines finalizes order for up to 50 more A350 XWBs
Singapore Airlines (SIA) has increased its orders for the A350 XWB with an additional 30 A350-900s, plus options for a further 20 aircraft. The agreement firms up a commitment announced last month. Under the terms of the agreement, Singapore Airlines will be able to select either the baseline A350-900 or the larger A350-1000 when exercising the options. This is the third order from Singapore ...
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US bus owner faces charges in crash that killed 17 from Vietnamese Catholic community
DALLAS - The owner of a U.S. bus company has been indicted on federal charges over a crash that killed 17 people from a Vietnamese Catholic community, authorities said. Angel de la Torre and an associate, Carlos Ortuno, are charged with making false statements and other offences. The indictment was returned on May 30, authorities said Wednesday, and de la Torre and his associate were taken into ...
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Helicopter crash in remote northwestern Nepal kills 1 passenger injures 5 people on board
KATMANDU, Nepal - A helicopter has crashed in remote northwestern Nepal, killing one passenger and injuring five other people on board. A police official said the helicopter belonging to local Fishtail Air crashed Wednesday evening near Muchu village. That's about 400 kilometres (250 miles) north west of the capital, Kathmandu. The injured were flown by a rescue helicopter to the nearest ...
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STOCKS NEWS SINGAPORE-Index headed for biggest daily drop in a year
Wed Jun 19, 2013 11:59pm EDT Singapore shares were headed for their biggest one-day decline in more than a year, tracking weaker global markets after Federal Reserve chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year. The benchmark Straits Times Index dropped nearly 2 percent on Thursday. The broadest MSCI's index of Asia-Pacific shares ...
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S. Sudan Uganda to Step up Border Road Patrols
JUBA, SOUTH SUDAN -- South Sudan and Uganda have agreed to step up security patrols on their common border and on the highway linking Juba to Kampala after a spate of attacks against motorists, officials said Wednesday. "They agreed to proceed to enforce the deployment of more security forces to provide security on the border areas," South Sudan police spokesman James Monday Enocka ...
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PMs Indonesia visit a cover-up Abbott
Julia Gillard's planned visit to Indonesia is a desperate attempt to cover up the prime minister's failure to stop asylum-seeker boats, Opposition Leader Tony Abbott says.Ms Gillard will meet Indonesian President Susilo Bambang Yudhoyono for bilateral talks early in July.The visit is being seen as part of a last-ditch effort to stem the flow of would-be refugees ahead of the September ...
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Asian Markets Trade Sharply Lower
markets are mostly trading sharply lower on Thursday, tracking cues from Wall Street where stocks tumbled overnight after the U.S. Federal Reserve hinted at winding up its stimulus program by mid-2014.The Australian stock market is trading sharply lower with investors pressing heavy sales almost across the board.Financial, mining, energy, industrial, consumer discretionary and property trusts ...
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STOCKS NEWS THAILAND-Thai stocks drop 3 pct after Fed hints at slowing bond buying
Thai stocks fell as much as 3 percent to their lowest in one week amid global share selloffs after the U.S. Federal Reserve signaled a slowing of the stimulus program by this year end. At 0327 GMT, the Thai benchmark SET index was down 2.5 percent at 1,401.88, in line with others in Southeast Asia. Indonesian shares slid 2.6 percent and Philippine shares plunged almost 3 percent. "We ...
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Cambodia - Marked deterioration in human rights in Cambodia
Human rights defenders in Cambodia are less safe than they were a year ago according to a report published on 19 June 2013 by ARTICLE 19 and the Cambodian Center for Human Rights (CCHR). The risk assessment survey shows the security situation in the country deteriorated significantly in 2012 as the government crackdown on fundamental human rights intensified ahead of July's elections. The ...
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Top Asian companies more optimistic but sentiment in Thailand sags
Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of this year, according to the latest Thomson Reuters/Insead Asia Business Sentiment Survey. Thailand's sentiment index dropped to an all-time low of 42 from 60 in the survey. The Asia Business Sentiment Index climbed 6 points ...
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India Second Asian Nation To Get Google Store
Android bites a MacBook. Tastes like chicken. Not to be outdone by smartphone rival Apple, Google has taken to create their own stores and will have a foot in one of the biggest mobile markets in the world -- India -when it partners with Singapore-based Spice Global to open Android Nation in New Delhi's Select Citywalk Mall later this ...
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Singapores Air Quality Turns Hazardous
Singapore's air quality deteriorated to "hazardous" levels late on Wednesday as smoke from slash-and-burn land clearing in Indonesia enveloped the city-state, inflaming tensions between the Southeast Asian neighbors. Singapore, a major financial centre, will send a delegation to Jakarta on Thursday to discuss the smog that has turned its usually clear skies grey, Environment ...
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Pakistan bus bombing shocks survivors
Pakistani paramilitary soldiers take positions after militants attacked a hospital in Quetta, Pakistan, on Saturday, June 15. Several militants held hundreds of people hostage inside the Bolan medical ...
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Six killed in attack on Pakistani army convoy
The Pakistani army convoy was ambushed by heavily armed militants, sources said Another army convoy in the same area was attacked in ...
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Intrepid Mines board survives ouster vote over lost Indonesia mine
MELBOURNE, June 20 | Wed Jun 19, 2013 11:19pm EDT MELBOURNE, June 20 (Reuters) - Shareholders of Intrepid Mines on Thursday backed their board to try to win back rights to a $5 billion copper and gold project in Indonesia that the company lost last year, defeating a plan to oust the board, spokesmen for both sides said. "There is a single point that a majority of shareholders that ...
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REPEAT-GLOBAL MARKETS-Asian stocks tumble on weak China PMI Fed policy plan
Wed Jun 19, 2013 11:03pm EDT * MSCI Asia ex-Japan slides 2.8 pct to 9-month low * U.S. Treasury yields hit 15-mth high, underpin dollar * China "flash" PMI hit 9-month lows * Asian credit market spreads widen 23 points By Chikako Mogi TOKYO, June 20 (Reuters) - Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already ...
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Singapore demands action from Indonesia on haze
By Kevin Lim SINGAPORE, June 20 | Wed Jun 19, 2013 10:46pm EDT SINGAPORE, June 20 (Reuters) - Singapore called on Thursday for "definitive action" from Indonesia as air quality stuck at very unhealthy levels for a second day because of forest fires in its neighbour, disrupting businesses in the prosperous city-state. Work at several Singapore construction sites slowed with few ...
Myanmar Focus
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Foreign couple's novel approach to helping Burmese village
The political situation in Myanmar is well-known throughout the world, but often overshadows the circumstances of local people and our rich culture. A couple overseas have combined the two to create an unusual approach to helping the people of one village in the country.
Myanmar is one of the most politically and socially isolated countries in the world, much bad press is leveled at our country for decisions made and actions taken that the people are not responsible for and while attention focuses on the political dynamic of the country, the plight of many Burmese such as poverty, lack of access to water and education, become overshadowed. One family in the United States has taken a novel approach to giving back to a country that has stolen their hearts. Read more
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