×

Asia-Pacific News South and Southeast Asia

  • In recent days, discount sites such as airfarewatchdog.com have highlighted round trips including San Francisco- Copenhagen, Los Angeles- Stockholm and New York- Barcelona for under $400 and New York- Tel Aviv, Chicago- Bangkok and Los Angeles- Manilla for under $650 for travelers who can avoid the peak summer season. "What it boils down to is, be respectful and be...

  • *Saudi ups supply but stays below its OPEC output target. LONDON/ DUBAI, March 29- OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. The reduction by the UAE has helped...

  • Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016.

    The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer said.

  • MUMBAI/ NEW DELHI, March 29- A crackdown on unlicensed abattoirs in India's most populous state has spread to other states ruled by Prime Minister Narendra Modi's party, as Hindu hardliners press a political agenda that risks alienating the country's Muslim minority. The demands by right-wing Hindu groups to stop the slaughter of cows, considered holy in...

  • JAKARTA, Indonesia— France pledged $2.6 billion in investments for Indonesia and affirmed deepening ties with Southeast Asia's biggest economy during a visit Wednesday by President Francois Hollande. He said France is keen to boost the sale of Airbus jets to airlines in Indonesia, an archipelago of about 14,000 islands and more than 250 million people.

  • BANGKOK— The former head of Thailand's tourism promotion board was sentenced on Wednesday to 50 years in prison for accepting $1.8 million in bribes from two Hollywood producers to let them organize the Bangkok International Film Festival a decade ago. A U.S. federal court in 2010 sentenced filmmakers Gerald and Patricia Green to six months in prison after...

  • KUALA LUMPUR, March 29- Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesday. Relations between North Korea and Malaysia, which have been friendly for decades, have soured following the...

  • MANILA, March 29- The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. An official briefed on the probe told Reuters in Washington last week that the FBI believes North Korea was...

  • GUNUNG GEDE PANGRANGO, Indonesia— Shrouded in mist and cloud, the twin volcanoes of the lushly forested Gunung Gede Pangrango national park are the brooding guardians of nature's last stand on teeming Java island. Indonesia's overflowing, polluted capital is a couple of hours north, and with Trump-branded properties being built next to this protected area,...

  • *North Asia demand strong as Asia/Pacific output stalls. *North Asia sucks in coal from as far away as U.S., Colombia. SINGAPORE, March 29- Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia's coal markets in March, while demand in China and other key import markets remains strong, lifting prices.

  • NEW DELHI, March 28- Monsanto lost a legal battle with one of India's biggest seed producers over a contract dispute on Tuesday, and was ordered to restore a licensing agreement and cut royalty charges. The U.S. company's joint venture Mahyco Monsanto Biotech took Hyderabad- based Nuziveedu Seeds Ltd to court in 2015, claiming patent infringements and accusing...

  • BANGKOK— Authorities in Thailand have escalated their effort to collect taxes they say are due from ousted Prime Minister Thaksin Shinawatra, posting a bill for 17.6 billion baht at the house where he lived before fleeing into exile in 2008 to avoid a prison term for conflict of interest. The Revenue Department acted Tuesday as part of a plan announced earlier...

  • WINNIPEG, Manitoba, March 28- Canada's AGT Food and Ingredients Inc, one of the world's biggest exporters of peas and lentils, expects India to extend an exemption for Canada within days from a crop fumigation policy that threatened to jeopardize C $1.1 billion in annual trade of the food staples, Chief Executive Murad Al-Katib said on Tuesday.

  • KUALA LUMPUR, Malaysia— French President Francois Hollande lobbied on Tuesday for the sale of Rafale fighter aircraft to Malaysia, but Prime Minister Najib Razak said his government is not yet ready to purchase the jets. Najib said he and Hollande discussed the purchase of defense equipment during their talks, but that " Malaysia was not ready yet to make a...

  • PHNOM PENH, Cambodia— Cambodia has permanently banned the export of human breast milk by a company headed by a former Mormon missionary that pioneered the business two years ago. A letter issued Tuesday by the Cabinet to the Health Ministry said Prime Minister Hun Sen has ordered a halt to U.S.-based Ambrosia Labs Ltd. buying and exporting the milk.

  • *India imposes tax after 4- mth gap- govt sources. NEW DELHI, March 28- India on Tuesday imposed a 10 percent import tax on wheat with immediate effect, government sources said, reinstating the tariff after a gap of nearly four months that saw large overseas purchases. India, the world's second-biggest wheat producer, lowered the import tax wheat to 10 percent from 25...

  • BEIJING— Asian stock markets rose Tuesday after Wall Street sank on worries that the Trump administration might not do as much for businesses as once thought. KEEPING SCORE: Tokyo's Nikkei 225 gained 1 percent to 19,174.56 and Hong Kong's Hang Seng advanced 0.5 percent to 24,317.93. Benchmarks in Taiwan and Singapore rose while Malaysia and Manila declined.

  • The oulook on Asian financials

    Harsh Modi at J.P. Morgan says markets could be underestimating the upside for banks in South and Southeast Asia.

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...