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Asia-Pacific News Southeast Asia

  • RIYADH, Saudi Arabia— The Latest on Saudi Arabia's King Salman appointing his son Mohammed bin Salman as crown prince:. Oman has strained ties with Saudi Arabia over serving as a diplomatic channel for the West to Iran. The tiny island off the coast of Saudi Arabia sent several messages on Wednesday welcoming the ascension of Crown Prince Mohammed bin Salman, the...

  • NEW DELHI— The daily bustle of tourists and shoppers has died down in an upscale market of central New Delhi, but one toy shop owner is still busy poring over the new Indian tax rules that take effect next month. The new tax regime— replacing the messy mix of state and federal taxes built up over seven decades of Indian commerce— will affect the final price on every...

  • WASHINGTON— When a Kansas strip-mall bank with possible mob ties folded in the mid-1980s, federal authorities investigated whether a shareholder, Iranian-born aviation magnate Farhad Azima, should face criminal charges. Specifically, they are examining whether Azima, now 75, paid a kickback to a former United Arab Emirates official to reap the profits from...

  • LONDON/ MILAN, June 20- Italian oil major Eni signed an agreement with Iran on Tuesday for feasibility studies to develop an oil field and a gas field, signaling a possible return to Iran's upstream sector. The Iranian oil ministry's official website SHANA reported Eni had signed a Memorandum of Understanding with the National Iranian Oil Company for studies on...

  • *Modi to meet Trump in Washington on June 26. *Trump investigating trade deficit with India. Modi will meet Trump in Washington on June 26.

  • *India seeks to revive ailing power plants with Qatar investment. *India submits detailed investment proposal to Qatar. NEW DELHI, June 20- India on Tuesday said it would sign future long-term liquefied natural gas purchase deals with Qatar if only Doha agrees to acquire stakes in the South Asian nation's power plants, oil minister Dharmendra Pradhan said.

  • LONDON, June 20- A tender for developing Iran's Azadegan oilfield has been delayed by another few months to allow energy companies more time to study the field, a senior Iranian oil official said on Tuesday. Iran said this month that international energy companies including France's Total, Malaysia's Petronas and Japan's Inpex, have presented technical...

  • LONDON, June 20- Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal. Chief Executive Patrick Pouyanne said the French group would make an initial $1 billion investment after the United States extended...

  • MUMBAI, June 19- Pune, a city in India's western state of Maharashtra, sold $31 million in 10- year bonds on Monday, as cities in Asia's third-largest economy look to tap investors for the first time in a decade to finance infrastructure projects. Although India is planning to spend up to 48 billion rupees in its Smart Cities project, it needs cities such as Pune to...

  • Central banks have long used inflation to set policy, but some analysts wonder if Asia’s policy makers should have bigger fish to fry.

  • SINGAPORE/ DHAKA, June 20- Mohammad Ashadul Islam placed all his hopes for a better life for his family in Bangladesh on getting a construction job in Singapore. For Singapore, a system of temporary labor to do many jobs in the construction, shipping, manufacturing and service industries including hotels and restaurants- works as an effective buffer.

  • RIYADH, Saudi Arabia— Saudi Arabia said Monday its forces had captured and were questioning three members of Iran's Revolutionary Guard who were intending to carry out an attack on a major offshore oilfield in the Persian Gulf. Saudi Arabia's Information Ministry said in a statement the three were onboard a boat carrying a large number of explosives headed...

  • June 19- Japan's Universal Entertainment Corp said on Monday that an internal investigation uncovered $2 million in improper transfers of company funds by Chairman Kazuo Okada, a disclosure that followed its claim earlier this month of an improper $17 million loan that benefited Okada. The statement issued on the company's website on Monday said that the...

  • MUMBAI, June 19- Pune, a city in India's western state of Maharashtra, sold $31 million in 10- year bonds on Monday, as cities in Asia's third-largest economy look to tap investors for the first time in a decade to finance infrastructure projects. Although India is planning to spend up to 48 billion rupees in its Smart Cities project, it needs cities such as Pune to...

  • KABUL, Afghanistan— Afghan President Ashraf Ghani has inaugurated the first Afghanistan- India air corridor during a ceremony at the Kabul International Airport— a direct route that bypasses Pakistan and is meant to improve commerce. Ghani says the aim of the route is to create more opportunities and make Afghanistan an exporter country.

  • JAKARTA, June 19- Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant's fourth-largest user base. The social media giant currently operates in Indonesia through an office in central Jakarta. Indonesia had 69 million...

  • KUALA LUMPUR, June 19- The chairman of Felda Global Ventures Holdings Bhd stepped down on Monday, which Malaysia's government said would preserve the integrity of investigations into the firm's CEO and other executives that he had initiated. FGV, the world's third-largest palm plantation group, was plunged into turmoil when Chairman Mohamad Isa Abdul Samad...

  • *Group of U.S. lawmakers calls India policy "dangerous". NEW DELHI, June 19- A group of U.S. lawmakers has backed medical device makers by urging India to reconsider its decision to cap prices of heart stents, raising the issue ahead of Prime Minister Narendra Modi's visit to the United States later this week. In a letter sent to the Indian ambassador to Washington last...

  • People watch as smoke billows from houses after aerial bombings by Philippine Airforce planes on Islamist militant positions in Marawi on the southern island of Mindanao on June 17, 2017. Philippine troops have been pounding militants holding parts of Marawi City with air strikes and artillery. The death toll has risen to more than 300 after nearly a month of fighting.

    A battle between Philippine troops and militants in Marawi is related to President Duterte's war on drugs, according to the country's finance chief.

  • MONDAY, JUNE 19 CANBERRA- Reserve Bank of Australia Governor Philip Lowe takes part in panel discussion at the 2017 Crawford Australian Leadership Forum in Canberra. SYDNEY- Reserve Bank of Australia to release minutes of June monetary policy meeting- 0130 GMT. BANGKOK- Prime Minister Prayuth Chan- ocha, Deputy Prime Minister Somkid Jatusripitak and Finance...