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Asia-Pacific News South and Southeast Asia

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  • BANGKOK, Aug 30- Police probing Thailand's deadliest bombing raided a second location and widened their search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials found at a Bangkok apartment block. The bombing killed 20 people and stunned Thailand. Fourteen foreigners, seven from mainland China...

  • BANGKOK, Aug 30- The evidence seized by police investigating Thailand's deadliest bombing includes an apparently damning trove of explosives, fertiliser, and piles of fake passports, but the shabby-looking foreigner they arrested on Saturday remains a mystery. There has been no word of his nationality, affiliation or whether the evidence seized in a shabby...

  • *The Aug. 17 bomb in Bangkok killed 20 people. BANGKOK, Aug 29- Police hunting for the perpetrators of Thailand's deadliest bombing arrested a foreign man on Saturday they said fitted the description of a suspect seen leaving a rucksack at the site of the Bangkok blast nearly two weeks ago. Among the dead were 14 foreigners, including seven from mainland China and...

  • BANGKOK, Aug 29- A suspect arrested in Thailand's capital on Saturday in connection with a bombing that killed 20 in Bangkok 12 days ago was a foreign national, a police spokesman said. Several television channels showed an image of a passport they said was found at the apartment in the northern Bangkok suburb where the man was arrested during a police raid.

  • BANGKOK, Aug 29- Police hunting for the perpetrators of Thailand's deadliest bombing arrested a suspect on Saturday they said fitted the description of a man seen on security cameras leaving a rucksack at the site of the Aug. 17 Bangkok blast. Police raided an apartment in a northern suburb of the capital on Saturday afternoon and discovered possible...

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • *Gold down 2.3 pct for the week. *Palladium posts largest two-day gain since 2008. NEW YORK/ LONDON, Aug 28- Gold rose on Friday as technical indicators and suggestions the U.S. central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and strong U.S. economic data.

  • *Gold down nearly 3 pct this week. LONDON, Aug 28- Gold edged up on Friday but was still on track to post its biggest weekly drop in five as strong U.S. economic data supported the case for a near-term increase in interest rates. "The big question for next week is whether the anxiety that crept into the market on August 10 when China devalued its currency is going to...

  • BANGKOK, Aug 28- Thai factory output fell less than expected in July on strong growth in the auto sector, but a fifth month of persistently weak production will be a challenge for the new economic team tasked with revitalising Thailand's economy. With exports and domestic demand sluggish, Southeast Asia's second-largest economy has failed to emerge from a...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • Report into cause of MH17 crash to be published Oct. 13 Thursday, 27 Aug 2015 | 7:10 AM ET

    AMSTERDAM— The long-awaited conclusions of an international investigation into the cause of the crash of Malaysia Airlines Flight 17 will be published Oct. 13, the panel conducting the probe announced Thursday. The Dutch Safety Board, which is leading the civil investigation into the July 17, 2014, crash in eastern Ukraine that killed all 298 people on board...

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the reality in Asia's third-largest...

  • KUALA LUMPUR, Aug 27- Malaysia's rising political risks, weak prices for its commodity exports and China's economic slowdown raised potential doubts over the positive outlook for the country's credit rating, Moody's Investors Service said on Thursday. "Perhaps clouds are gathering on Malaysia's positive outlook," de Guzman told reporters.

  • *Gold's 3- day slide erases bulk of last week's gains. LONDON, Aug 27- Gold steadied on Thursday after its biggest one-day drop in five weeks, supported by speculation that a U.S. rate hike may take longer than expected but still under pressure from a rebound in stock markets and a firmer dollar. Gold tends to benefit from ultra-low rates, which cut the opportunity...

  • JAKARTA, Aug 27- Indonesia will soon unveil a policy package aimed at propping up the fragile rupiah and helping an economy growing at its slowest pace in six years, senior government officials said on Thursday. Governments and central banks across emerging markets are being forced into action to stem falls in their currencies, especially after China allowed...

  • MUMBAI, Aug 27- India's markets regulator plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan told Reuters, in a bid to boost market activity. The Securities and Exchange Board of India will announce the proposal drafted by an internal regulatory panel...

  • US stocks open higher after Chinese market surges Thursday, 27 Aug 2015 | 3:29 AM ET

    BEIJING— China's main stock index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching global losses. Elsewhere in Asia, Hong Kong's Hang Seng rose 2.9 percent to 21,697.31 and Tokyo's Nikkei 225 added 1.1 percent to 18,574.44.

  • Philippine economy grew 5.6 pct in the second quarter Thursday, 27 Aug 2015 | 2:09 AM ET

    MANILA, Philippines— The Philippine economy grew by 5.6 percent in the second quarter from a year ago, slightly below the government's target, officials said Thursday. The figure brings growth in the first six months to 5.3 percent, down from 6.2 percent for the same period a year ago. Economic Planning Secretary Arsenio Balisacan said the government is now...

  • JAKARTA, Aug 27- Indonesia on Thursday will unveil a policy package intended to prop up the rupiah, which hit another fresh 17- year low, and boost investment at a time Southeast Asia's largest economy faces its weakest growth in six years. Darmin Nasution, the coordinating minister for economics, announced the package was coming after he met President Joko...

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's...