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South and Southeast Asia

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  • Malaysia's de facto opposition leader Anwar Ibrahim took refuge at the Turkish embassy on Sunday due to fears he could be assassinated after fresh accusations of sodomy.

  • Malaysia

    Malaysia shelved some large building projects on Thursday and pledged to spend $9 billion more to boost rice production and ease poverty, as the government sought to quell growing public anger over rising prices.

  • Singapore's annual inflation held at a lower-than-expected 7.5 percent in May, still hovering at a 26-year high and keeping pressure on the central bank to maintain its tight monetary policy.

  • Singapore's United Overseas Bank said on Wednesday it had proposed to delist its 61.1 percent-owned Indonesian lender UOB Buana, and planned to buy the remaining shares that it does not own.

  • Visiting Kazakhstan President Nursultan Nazarbayev, right, and Malaysian Prime Minister Abdullah Ahmad Badawi pose outside the latter's office in Putrajaya, outside Kuala Lumpur, Malaysia, Monday, June 26, 2006. Nazarbayev arrived in Malaysia Sunday for a three-day visit. (AP Photo/Bazuki Muhammad, Pool)

    Malaysian Prime Minister Abdullah Ahmad Badawi, trying to assuage anger over the steepest hike in fuel prices in years, said on Monday the administration will announce more measures to ease the burden on consumers.

  • Visiting Kazakhstan President Nursultan Nazarbayev, right, and Malaysian Prime Minister Abdullah Ahmad Badawi pose outside the latter's office in Putrajaya, outside Kuala Lumpur, Malaysia, Monday, June 26, 2006. Nazarbayev arrived in Malaysia Sunday for a three-day visit. (AP Photo/Bazuki Muhammad, Pool)

    Malaysian Prime Minister Abdullah Ahmad Badawi, trying to assuage anger over the steepest hike in fuel prices in years, said on Monday the administration will announce more measures to ease the burden on consumers.

  • India and Malaysia raised retail fuel prices, joining a growing number of Asian nations no longer able to afford big subsidies in the face of record-breaking oil prices.

  • Malaysia

    Malaysia will scrap fuel price controls in August and allow pump prices to rise in line with market rates as part of plans to cut the government's burgeoning subsidy bill, the domestic trade minister said on Tuesday.

  • Indonesia cannot rule out further hikes in fuel prices ahead of the 2009 presidential elections, Energy Minister Purnomo Yusgiantoro said on Sunday, due to the impact of fuel subsidies on the budget.

  • Malaysia

    Malaysia's plan for a showpiece economic zone in its south is in doubt because of the uncertain fate of the country's prime minister and a lukewarm response from big investors in nearby Singapore.

  • Singapore's central bank unexpectedly further tightened monetary policy on Thursday, pushing the Singapore dollar to a record high against the U.S. dollar, in a move aimed at keeping a lid on soaring prices.

  • Hyundai

    Hyundai Motor shareholders approved the re-election of Chung Mong-koo to the South Korean automaker's board at an annual meeting on Friday, despite opposition from the country's state pension fund.

  • Indian Prime Minister Manmohan Singh meets his Chinese counterpart on Monday on a trip in which the world's two fastest-growing major economies will seek to put aside a lingering border dispute to build trade and investment.

  • The Port of Rotterdam Authority is in talks with India's Larsen and Toubro Ltd (L&T) for a greenfield port in India, the Mint paper said, citing officials from both firms.

  • Singapore's state investor Temasek Holdings will adopt a three-pronged strategy to counter the rising tide of nationalism against sovereign wealth funds, a local newspaper said on Friday.

  • U.S. Treasury Secretary Henry Paulson said on Monday that India "for the most part" was on the right path to reduce risks from increased foreign investment, but warned that limiting capital flows would hurt the country's competitiveness.

  • Top U.S. phone company AT&T is eyeing a wireless acquisition in India, a market it is focusing on as a key growth opportunity, the Wall Street Journal reported in its online edition.

  • Joseph Estrada, outspoken former president of the Philippines and hero of countless movies against injustice and corruption, was remarkably restrained on Wednesday when he was sentenced to life imprisonment for plunder.