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The Latest Breaking News from Asia

TRT predicts revenue rising as recovery gathers pace

SET-listed Tirathai (TRT), a local transformer maker and service provider, expects to rack up more revenue this year after transmission development projects across Asia, which were delayed the last two years, resume in the fourth quarter.

Bangkok Post

Canada's Indo-Pacific strategy: The same old starry-eyed thinking about Asian trade

Canada’s new Indo-Pacific strategy, announced with much fanfare by Foreign Affairs Minister Mélanie Joly, marks a welcome return of common sense in place of the illusions that have dominated Canada’s approach to Asia for the past quarter-century.

The Conversation

White landowners in Hawaii imported Russian workers in the early 1900s, to dilute the labor power of Asians in the islands

On Feb. 19, 1906, the mail steamer China pulled into the harbor in Honolulu, Hawaii. It had made the voyage from San Pedro, California, many times before, but this trip made front-page news. Local newspapers heralded the arrival of “one hundred and ten white men, women and children, the vanguard…

The Conversation

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New world order starting in SE Asia

Right here, right now, the new international order is in the making. Because of the war in Ukraine, the divided world and its leaders had to rendezvous in Southeast Asia for nearly a week recently. Those with the stamina to last the duration have benefited the most from bilateral discussions,…

Bangkok Post

Can Asia-Pacific get to net zero?

The recent climate talks in Egypt have left us with a sobering reality: The window for maintaining global warming to 1.5 degrees is closing fast and what is on the table currently is insufficient to avert some of the worst potential effects of climate change. The Nationally Determined Contribution targets…

Bangkok Post

Analysis: Vietnam's anti-graft crackdown chills supply chains, investment

An anti-corruption drive in Vietnam has paralysed many routine transactions in the country, causing shortages of essential goods and dampening investor confidence in one of Asia's fastest growing economies.

Reuters

Asian shares fall as China protests, lockdowns cloud outlook

Shares have skidded in Asia, with Hong Kong dipping as much as 4% following weekend protests in various cities over China's strict zero-COVID lockdowns

The Independent UK

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Study: Thailand a leader in digital payments

Thailand is at the forefront of digital payments, part of a trend throughout Asia, according to Aileen Chew, Mastercard's country manager for Thailand and Myanmar.

Bangkok Post

Asian faiths try to save swastika symbol corrupted by Hitler

In much of the world, the swastika is often equated to Adolf Hitler’s Nazi Germany – a symbol of hate that evokes the trauma of the Holocaust and the horrors of Nazi rule

The Independent UK

Investors seen heading north, leaving SE Asia behind

The nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify.

Bangkok Post

Thailand 'base' for SMBC's growth

Japan's Sumitomo Mitsui Banking Corporation (SMBC) will adopt Thailand as its base for expansion in Southeast Asia in celebration of its 70th year of operations in the kingdom, it says.

Bangkok Post

Equities pause as market takes stock of Covid cases

RECAP: Asian equities fell yesterday in subdued activity after the Thanksgiving holiday in the US. Chinese shares led declines as investors weighed recent gains against an upswing in Covid-19 infections, which reached a new single-day high above 30,000 infections.

Bangkok Post

Mystery shipwreck full of astonishing treasures is discovered after 150 years

A group of archaeologists have discovered a treasure-filled shipwreck 150 years after disaster struck the 125-foot vessel while it was travelling along Asia's longest river

Daily Mirror

Indian tycoon defends hostile takeover bid for broadcaster

Efforts by Gautam Adani, Asia’s richest man, to buy NDTV triggered debate over press freedom

Al Jazeera

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The Times of India

Govt mulls selling 5-10% stakes in Coal India, Hindustan Zinc

NEW DELHI: India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter.

Reuters

Hong Kong's Cardinal Zen among six fined over fund for protesters

One of Asia's most senior Roman Catholic clerics, Cardinal Joseph Zen, 90, was found guilty of failing to register a now-disbanded fund for pro-democracy protesters and fined HK$4,000($512) on Friday by a Hong Kong court.

Asharq Al-Awsat

Oil up amid Wrangling over Russian Oil Price Cap

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT. US West…

The Independent UK

Asian shares mixed as investors eye Tokyo inflation data

Asian shares are mixed as worries about the regional economy deepen and government data show higher-than-expected inflation in Japan

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The Times of India

Benchmark indices fall in early trade after three-day rally

MUMBAI: Equity benchmarks fell in early trade on Friday, halting their three-day rally, amid a largely weak trend in other Asian markets.

Al Jazeera

Can Malaysia’s Anwar fix corruption, inequality and inflation?

Southeast Asian nation’s new leader faces challenges from a falling ringgit to one of Asia’s biggest wealth gaps.

The Times of India

Gautam Adani, Asia's richest man, makes a $5 billion bet to silence debt-obsessed critics

MUMBAI: Gautam Adani's plan to raise at least $5 billion in equity aims to shut down two of the most frequent criticisms leveled against the Indian tycoon's swelling empire: high debt ratios and a limited investor base.

The Independent UK

AP Week in Pictures: Asia

Nov. 19-25, 2022

Bangkok Post

Emerging markets to buoy exports in 2023

Thailand's exports are expected to maintain growth momentum next year, albeit at a slower pace than this year, shored up by strong demand from emerging markets in Asia and the Middle East, speakers at a seminar said on Thursday.

Reuters

Exclusive-Russians, Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

Representatives from Russia and Ukraine met in the United Arab Emirates last week to discuss the possibility of a prisoner-of-war swap that would be linked to a resumption of Russian ammonia exports, which go to Asia and Africa, via a Ukrainian pipeline, three sources with knowledge of the meeting said.

The Independent UK

Asian shares rise on Fed rate hopes despite China worries

Asian shares are mostly higher, although optimism about the Federal Reserve holding back on aggressive interest rate hikes was countered by uncertainty over coronavirus restrictions in China

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