Latest Southeast Asia News
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STOCKS NEWS SINGAPORE-Index down ST Engineering outperforms
Wed Jun 19, 2013 1:37am EDT Singapore shares drifted lower, snapping three consecutive sessions of gains, with investors waiting for more clarity on the U.S. Federal Reserve's next policy step. The Straits Times Index was down 0.3 percent at 3,218.41 points on Wednesday, almost in line with the fall in MSCI's broadest index of Asia-Pacific shares outside Japan . Hongkong Land Holdings ...
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Advocacy Groups Welcome New US Great Lakes Envoy
Nineteen advocacy groups and Congo experts are giving the thumps up to President Barack Obama’s appointment of former U.S. Senator Russ Feingold as the new U.S. Special Envoy for the Great Lakes Region and the Democratic Republic of Congo. Feingold is a former chairman of the Africa Subcommittee in the Senate and co-author of several legislations on the Lord’s Resistance Army ...
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Six named as suspects in burning of Pegunungan Bintang Police station
Papua Police named six people suspects in the burning of a police station and dormitory in Pegunungan Bintang regency in Papua.The police's director of detective unit for special crimes, Sr.Comr.Bambang Priyambada, said on Tuesday the six suspects, identified with initials EK, WA, AY, KA, YT and YA, would be prosecuted under Article 170 of the Criminal Code (KUHP) on publicly perpetrating ...
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IHSG opens in the green
The Indonesian Composite Index (IHSG) gained 0.71 percent to 4,875.8 during the opening of the trading session on Wednesday.Kontan.co.id reported there were 135 movers and the transaction volume during the opening stood at 329.494 million shares worth Rp 439.645 billion.Nine sectors were in the green zone and only one, the agriculture sector, was in the red zone with 0.53 percent ...
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Karen Armstrong Spreading the message of compassion
Despite her restless visit in Jakarta recently, British author Karen Armstrong, 68, showed no signs of fatigue as she spoke vigorously about compassion -- the thing that actually connects all of her writings."Whether I was writing about fundamentalism, Jerusalem, the history of God, the Prophet Muhammad or Buddhism, that's what came up, and that's what need me start to look at ...
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Indian Shares Follow Asian Markets Lower
Indian shares are drifting lower on Wednesday, tracking weak Asian cues as investors await the outcome of a two-day Fed policy meeting later in the day, with expectations the U.S. central bank will continue with quantitative easing for the time being. Japan's Nikkei index is rallying a percent, bolstered by encouraging exports data, while the ...
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Nepal Airlines Corp signs US$106m loan with EPF to buy two jets
Nepal Airlines Corporation (NAC) finally looks like it is buying planes to expand its skeleton fleet again, after each of its past purchase plans ended in disaster. The national flag carrier signed a 10 billion Nepalese rupees (US$106 million) loan agreement with the Employees' Provident Fund (EPF) on Tuesday to buy two Airbus aircraft it has been eyeing for a long time. With the loan ...
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Thai retailers deny dangerous chemicals in packed rice
Major modern retailers yesterday rejected allegations circulating on social media that they are selling packed rice that has been stored for a long time and has been treated with substantial amounts of anti-fungal and anti-weevil chemicals, which can be dangerous to consumers. Their assurances of the quality of their rice products were backed up by the Thai Retailers Association (TRA), which ...
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Sri Lankas Defence Secretary speaks out against racial exclusivity
Sri Lanka's Defence Secretary Gotabhaya Rajapaksa said the Northern Province should be opened up for all communities to live in without further delay. That would be of pivotal importance to promote bonding among the people in the post-war era. The Defence Secretary emphasised that the Sinhalese shouldn't be deprived of their right to buy land in any part of the country, including the ...
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Asia markets mostly down as investors await Fed meetings results
SEOUL, South Korea - Asian markets opened mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve and for some clarity from the Fed about its future course. The results of a two-day Fed policy meeting will likely ripple through stock markets once investors learn whether there will be changes in the U.S. central bank's strategy for shoring up ...
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Malaysia denies alleged fresh clashes in Sabah
In this Thursday, March 14, 2013 photo released by Malaysia’s Ministry of Defense, Malaysian soldiers discuss strategies at Sungai Nyamuk where a stand-off with Filipino gunmen took place, near Tanduo village in Lahad Datu, Borneo’s Sabah state, Malaysia. INQUIRER file photo DAVAO CITY - Malaysian authorities have dismissed a recent claim by an aide of Sulu Sultan Jamalul Kiram III ...
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Asian businesses optimistic sentiment in India falls
That’s how many engineers graduate in India every year. And they have never found it so hard to land a job. Some blame the slack job market, others point to poor quality of colleges and ...
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RI launches green initiative in cooperation with int’l group
Paper Edition | Page: 14 The government launched on Tuesday a two-year green growth initiative as part of its commitment to promoting environmentally friendly development as well as a sustainable economy.The initiative was prepared with the help of South Korea-based Global Green Growth Institution (GGGI).Deputy Minister for National Development Planning Lukita Dinarsyah Tuwo said that the Green ...
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Sampoerna Agro to cultivate its new 14000 ha estate
Paper Edition | Page: 13 As part of its large-scale expansion plan, agriculture company PT Sampoerna Agro is planning to start cultivating its new 14,000-hectare plantation by the end of this year.Sampoerna Agro, whose shares are traded on the Indonesia Stock Exchange (IDX) under the code SGRO, has allocated between 5,000 and 10,000 hectares of the estate for an oil palm plantation, according ...
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Multipolar to drive growth post-IPO
Paper Edition | Page: 13 In a bid to help expand its services and attain 11 percent growth this year, information technology (IT) company PT Multipolar Technology is planning to raise up to Rp 187.5 billion by listing its shares on the stock exchange.Hanny Untar, finance director at the company, said it would release 375,000,000 shares -- equal to 20 percent of their enlarged capital --through ...
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Nothing fishy about TelkomVision acquisition Dahlan
Paper Edition | Page: 13 State-Owned Enterprises Minister Dahlan Iskan said state-owned telecommunication company PT Telkom's decision to sell its TV subsidiary to one of Indonesia's richest men, Chairul Tanjung, was based purely on business rationale.He denied any questionable motives behind the planned acquisition of PT Indonusa Telemedia, commonly known as TelkomVision, by the ...
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Asian Markets Pare Early Gains
markets are mostly trading lower on Wednesday, despite opening on a firm note on the back of a positive lead from Wall Street where the major averages surged higher overnight on some encouraging economic data.Concerns about a likely tapering of asset purchase program by the U.S. Federal Reserve appears to be weighing on sentiment and prompting investors to trim down positions.In the Australian ...
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Hectic week in Asian markets amid Europe’s worries and concerns
Asian markets witnessed a hectic week full of important data from the region’s economy, where Europe’s debt crisis continued to weigh on the outlook and the market, the week of heavy data was very critical, but the star remains China with the surprise rate ...
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Central banks’ decisions and important Chinese data highlight the Asian session this week
Asian markets are waiting for many critical economic data to be released this week, like rate decision for BOJ and RBNZ, as well as China’s trade ...
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Asian stocks extend losses as BoJ woes continue to weigh
Asian stocks slid further on Wednesday as Bank of Japan’s (BoJ) latest monetary policy decision revived fears that other central banks, including the U.S. Federal Reserve, could scale back stimulus ...
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Asian stocks mixed ahead of Fed meeting
Asian stocks were mixed on Tuesday as caution is rising ahead of the U.S. Federal Reserve two-day convening Tuesday, which might give clues on when the central bank could start tapering monetary stimulus amid recovery ...
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Asian stocks jump as Nikkei recovers some losses following strong U.S. data
Asian stocks jumped Friday as strong U.S. data lifted confidence about the ability of the U.S. economy to withstand any cut in stimulus. The upbeat retail sales and jobless claims triggered a rally on Wall Street and soothed the panicking Asian markets ahead of next weeks Federal Reserve policy ...
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STOCKS NEWS THAILAND-Thaicom flat company expects higher 2013 profit
Wed Jun 19, 2013 12:10am EDT Shares in satellite operator Thaicom Pcl were unchanged at 32 baht after climbing at one point to 33 baht following a forecast of higher profit from the company. The tech subindex fell 0.4 percent, erasing earlier gains, while the main Thai stock index, which climbed more than 1 percent earlier, was down 0.3 percent. Thaicom expects strong growth in earnings this ...
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PTI leader calls out Pakistan govt on drone attacks
During Tuesday's session of Pakistan's National Assembly, Pakistan Tehrik-i-Insaaf (PTI) leader Dr Shireen Mazari drew the speaker's attention to the issue of US drone attacks on Pakistani territory, DawnNews reported. Mazari said drone attacks could not be responded to with mere protests, stressing that the government would have to adopt more significant measures. She said even ...
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Philippines to launch 6-month tourist visa
Foreign visitors who want to extend their vacation in the Philippines may now do so without the usual hassles. The Bureau of Immigration (BI) announced on Tuesday that foreigners who would like to stay longer in the country, could avail of a six-month, long-stay tourist visa from the agency. The program is set to be formally launched next week, according to the BI. In a statement, Immigration ...
Pakistan Feature
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Pakistan's darkest hour
What began as the normal monsoon season has turned into the greatest disaster, the greatest humanitarian crisis and the worst floods ever seen in the history of Pakistan. According to the UN, the disaster in Pakistan from 2010 floods is now worse than the 2005 earthquake in the country and the 2004 tsunami in Southeast Asia combined.
It is a catastrophe of mammoth proportions and the challenge faced by a centrally weak government is how to get food aid to the some 6 million in need of help and provide relief facilities to the 20 million people impacted by the disaster. Read more
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