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Asia-Pacific News South and Southeast Asia

  • The "Finding Home" app, developed by the advertising firm Grey Malaysia, allows users to simulate the phone of "Kathijah," a fictional 16- year-old who fled persecution in Myanmar and is trying to make a new life in Malaysia. Richard Towles, the UNHCR representative in Malaysia, said he hopes the free app will help people empathize with refugees.

  • WASHINGTON, April 25- Indonesia will not need to repeat last year's major spending cut as the government's revenue projections look "on track" amid strengthening growth, Finance Minister Sri Mulyani Indrawati told Reuters. One of Indrawati's first acts when she returned to Jakarta as finance minister in July 2016 was to slash state spending by $10.2 billion to...

  • **FRANKFURT- Deutsche Bundesbank Executive Board Member Andreas Dombret speaks in Frankfurt. BRUSSELS- European Central Bank board member Daniele Nouy participates at the ECON Committee Public Hearing in Brussels 0830 GMT. LUXEMBOURG- EU General Affairs Council meeting 0800 GMT.

  • BRUSSELS- European Central Bank board member Daniele Nouy participates at the ECON Committee Public Hearing in Brussels 0830 GMT. LUXEMBOURG- EU General Affairs Council meeting 0800 GMT. FRANKFURT, Germany- "Frankfurt Finance Summit 2017." STOCKHOLM- Meeting of the executive board of the Riksbank- 0800 GMT.

  • LONDON, April 24- U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy firm agreed to be bought in a C $3.6 billion deal. Shares in Atkins closed on Monday at 2,100 pence, above SNC's offer price of 2,080 pence a share. After SNC made an indicative...

  • LONDON, April 24- U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy firm agreed to be bought in a C $3.6 billion deal. Shares in Atkins last traded on Monday at 2,100 pence a share, above SNC's offer price of 2,080 pence. After SNC made an...

  • MUMBAI, April 24- Boutique investment bank Moelis& Co plans to expand in India where it believes economic growth and corporate restructuring will prolong a boom in dealmaking, the head of its local business said on Monday. Moelis, which set up shop in India in 2012, currently has a team of 14 bankers. The relatively low investment banking fee pool in India has...

  • 1 MDB& Malaysia's MoF to make payments on two bonds. KUALA LUMPUR/ ABU DHABI, April 24- Malaysia moved closer to clearing up the financial fallout of its 1 MDB scandal on Monday by resolving a debt dispute with Abu Dhabi, bolstering Prime Minister Najib Razak ahead of elections. The Malaysian state fund defaulted on its bonds a year ago, sparking a dispute with Abu...

  • DHAKA, Bangladesh— Dozens of global clothing companies are not complying with a plan to ensure better safety in Bangladesh garment factories following the deadly collapse of a building four years ago, a rights group said Monday. Only 29 out of 72 recently contacted companies are releasing information about how they source their products in Bangladesh, and "...

  • THE HAGUE, Netherlands— A Filipino lawyer on Monday presented documents to the International Criminal Court which he said contain evidence of the alleged involvement of President Rodrigo Duterte in extrajudicial killings of suspected drug dealers and other crime suspects. "It is a case for crimes against humanity against President Rodrigo Duterte and...

  • DUBAI, United Arab Emirates— Emirati and Malaysian officials said Monday they reached a deal to resolve a legal dispute over the indebted and troubled Malaysian investment fund 1 MDB, with the United Arab Emirates set to receive $1.2 billion over this year. Money from the fund, which was to develop Malaysia's economy, instead found itself funneled through a...

  • *Japan concerned over Trump's "protectionism". MANILA/ BEIJING, April 24- Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. The official China Daily said Washington's move to investigate steel imports could trigger a trade dispute between the United States...

  • COLOMBO, Sri Lanka— Long lines formed at gasoline stations across Sri Lanka on Monday as workers from a state-run petroleum company went on strike to protest the government's plan to lease out oil tanks to neighboring India. D.J. Rajakaruna, secretary of the Ceylon Petroleum Common Workers Union, said workers stopped releasing fuel from 12 storage facilities...

  • *Rebates, huge surplus fueling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...

  • VP raised Freeport dispute in discussion with Widodo. Indonesia's trade ministry issued Freeport with a permit to export 1.1 million tonnes of copper concentrate up to February next year, although it was unclear how long shipments would last. Freeport is still at loggerheads with Indonesia over rights to its giant Grasberg mine in Papua, and tensions with...

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • TBILISI- National Bank of Georgia monetary policy committee meeting. THURSDAY, APRIL 27 SYDNEY- Reserve Bank of Australia Governor Philip Lowe gives a speech at the Renminbi Global Cities Dialogue Dinner. MOSCOW- Central Bank of Russia interest rate decision- 1030 GMT.

  • SAN FRANCISCO, April 21- When Gokul Gunasekaran was offered a full scholarship for a graduate program in electrical engineering at Stanford University, he saw it as the chance of a lifetime. He came to America instead, got the Stanford degree and now works as an engineer at a data science startup in Silicon Valley. Immigration Voice estimates there are some 1.5...

  • SAN FRANCISCO, April 21- When Gokul Gunasekaran was offered a full scholarship for a graduate program in electrical engineering at Stanford University, he saw it as the chance of a lifetime. He came to America instead, got the Stanford degree and now works as engineer at a data science in Silicon Valley. Immigration Voice estimates there are some 1.5 million H1-B...

  • LONDON/ TAIPEI, April 21- Taiwan's troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, according to a company source. Yang Ming, the world's ninth largest container shipping line, is a comparatively small...