Asia-Pacific News South and Southeast Asia

  • Secretary-General Ban Ki- moon on charges that he engaged in a bribery scheme to carry out the sale of a Vietnamese building complex, a U.S. prosecutor said on Friday. Attorney Daniel Noble said that a request had been made for the arrest of Ban Ki- sang, who was an executive at South Korean construction firm Keangnam Enterprises Co Ltd.. Ban Ki- sang could not be...

  • Secretary-General Ban Ki- moon on charges that he engaged in a bribery scheme to carry out the sale of a Vietnamese building complex, a U.S. prosecutor said on Friday. Attorney Daniel Noble said that a request had been made for the arrest of Ban Ki- sang, who was an executive at South Korean construction firm Keangnam Enterprises Co Ltd.. Ban Ki- sang could not be...

  • Attorney Daniel Noble said that a request had been made for the arrest of Ban Ki- sang, who was an executive at South Korean construction firm Keangnam Enterprises Co Ltd.. Ban Ki- sang, who could not be reached for comment, was one of four people charged on Jan. 10 in a case that has complicated his brother's expected run for president of South Korea following his...

  • The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts with Europe's Airbus and U.S. rival Boeing last year to purchase about 180 jets. That became possible after an agreement between Iran and six major powers lifted most international sanctions imposed on Tehran, in exchange for Iran curbing...

  • TOULOUSE, Jan 20- A deal for Iran to buy 20 short-haul passenger aircraft from ATR should be signed imminently, the head of the European planemaker told Reuters on Friday. The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts with Europe's Airbus and U.S. rival Boeing last year to purchase about...

  • DAVOS, Switzerland, Jan 20- India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to $1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks. In an interview with Reuters on the sidelines of the World Economic Forum in Davos, Arundhati Bhattacharya also...

  • *Goldman bought Hanson shares from Platinum Partners. Benny Tjokrosaputro, president director of Indonesian property developer PT Hanson International Tbk, filed a lawsuit in a Jakarta court on Sept. 8 against Goldman's unit, Goldman Sachs International. In an emailed statement on Friday, Goldman said Goldman Sachs International bought the shares from New...

  • *Japan asks for talks with India on steel duties, import price. TOKYO, Jan 20- Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. India imposed duties of up to 20 percent...

  • *JPMorgan downgraded Indonesia at time of uncertainty- finmin. *Indonesia says bond dealers must avoid conflicts of interest. JPMorgan published a research report on Nov. 13 that gave Indonesia an underweight assessment, just as Southeast Asia's biggest economy was seeing an outflow of funds along with other emerging markets after Donald Trump's victory in...

  • SINGAPORE, Jan 20- A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations. The International Maritime Bureau's piracy reporting centre in Kuala Lumpur has also warned of the rising...

  • JAKARTA, Jan 19- Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case. Indonesia's Corruption Eradication Commission said in a statement the CEO of Garuda from 2005 to 2014 was suspected of taking bribes related to the purchase of planes and machines...

  • JAKARTA, Jan 19- Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case. Indonesia's Corruption Eradication Commission said in a statement the CEO of Garuda from 2005 to 2014 was suspected of taking bribes related to the purchase of planes and machines...

  • Trump's links to Asia

    CNBC's Dan Murphy takes a look at Donald Trump's business dealings in Asia, including real estate projects in Indonesia

  • *Iran frustrated at slow progress on banking. LONDON/ ANKARA, Jan 19- The Royal Bank of Scotland has rebuffed efforts by the British government, a major shareholder, to coax the lender into facilitating trade with Iran as it seeks to avoid risky business, sources with knowledge of the discussions say. In recent months British officials have sought to boost business...

  • *In May 2016, South Korea's Daewoo Engineering and Construction Co. announced it and Hyundai Engineering and Construction had agreed to build a $10 billion oil refinery on Iran's southern coast. The company developing the refinery, Bahman Geno, is owned by a Setad unit, Tadbir Energy. A Bahman Geno official said the sides are still conducting negotiations.

  • WASHINGTON, Jan 19- When world powers agreed in 2015 to lift sanctions on Iran in return for curbs on its nuclear program, the deal's supporters in the United States, Europe and Tehran hoped renewed trade and investment could boost Iran's private sector and weaken the state's hold on the economy. But a Reuters review of business accords reached since then shows...

  • LONDON, Jan 19- Global banks have begun signalling how they will put plans into action to cope with a "hard" exit by Britain from the European Union. The movement of jobs from London is likely to be slow at first, with banks more focused on getting regulatory approval and installing the necessary infrastructure for new or bolstered EU outposts so they can continue to...

  • Syarif said Satar received the bribes via another suspect who has a Singapore- based company with businesses in Indonesia but who was not identified. The British engineering giant apologized for the scandal that involved paying millions of dollars in bribes to secure orders in six countries including Indonesia, Malaysia, Russia and China.

  • Malaysia Airlines Flight 370 vanished from radar on March 8, 2014, while flying from Kuala Lumpur to Beijing with 239 passengers and crew on board. "If the exact same thing happened today, I think we'd have the same result," said William Waldock, a professor at Embry-Riddle Aeronautical University in Prescott, Arizona, and former accident investigator.

  • JAKARTA, Jan 19- Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. The shift, designed to ease the burden on Jakarta's budget, will only apply to new contracts and will not disrupt existing agreements using the...