Latest Southeast Asia News
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Facebook has 64m active Indonesian users
Facebook has revealed it has 64 million users in Indonesia who actively access their accounts on a monthly basis and says this number puts the country in the social networking site's top five largest markets.It also plans to monetize this huge market by inviting small and medium-sized businesses to advertise on the popular site. "Those are our internal figures on monthly ...
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Indian Shares Seen Lower On Weak Asian Cues
Indian shares are seen opening lower on Tuesday following two consecutive sessions of gains. With the RBI maintaining status quo on key policy rates, investors will watch the rupee movement closely for clarity on the future direction of monetary policy. Indian shares rose notably on Monday, extending Friday's rally, after the Reserve Bank of India said a durable receding of inflation will ...
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Facebook users rise to 64m in Indonesia
Facebook has revealed it has 64 million users in Indonesia who actively access their accounts on a monthly basis and says this number puts the country in the social networking site's top five largest markets. It also plans to monetise this huge market by inviting small and medium-sized businesses to advertise on the popular site. "Those are our internal figures on monthly ...
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Thai diplomat accused of assault acted in self-defence says foreign ministry
A female Thai diplomat who allegedly assaulted an Egyptian woman at a Cairo hotel had acted in self-defence, Thai Foreign Ministry deputy spokesman Jakkrit Srivali said on Monday. He quoted Kakanang Amaranand, first secretary of the Thai Embassy in Egypt, as dismissing news reports in Egyptian media that she attacked and injured Rana Ashraf. Ashraf's husband was quoted as saying that ...
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Fishing talks between Philippines Taiwan may violate one-China policy
The start of fisheries talks between the Philippines and Taiwan might violate the country's one-China policy and Manila should instead craft any future pact with Taipei as a local government of China, an international law expert said. Harry Roque, chairman of the centre for International Law, however, welcomed the decision of the two sides to avoid the use of force in fishing disputes -- a ...
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Philippines seen posting above-trend growth in next 3 years
British bank Standard Chartered sees the Philippine economy moving toward a "balanced" and higher growth trend supported by both domestic consumption and investment, with infrastructure spending becoming a key catalyst. In a research dated June 17 titled: "Philippines--Infrastructure boom to boost growth", Stanchart also projected that the peso would resume its upswing on ...
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Myanmar MPs seek to abolish rule against peaceful assembly
A proposal to abolish the Section 18 of the controversial Peaceful Assembly and Procession Law has been submitted to the Parliament, according to Lower House MP Win Myint. Legal experts argue that the Law disregards citizens' constitutional rights of freedom of procession and assembly. On June 12 seven people were charged in Mandalay under Section 18, the latest in a series of cases around ...
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Suspect names leaders behind bombings murders in south Thailand
A suspected insurgent now in custody, Sakariya Tohtayong, has implicated alleged masterminds of the movement behind unrest in the deep South, a senior official said yesterday. Sakariya gave useful testimony that may allow the authorities to solve many security cases. They include bombings at the CS Pattani Hotel and the Diana shopping complex, the robbery of a security van carrying cash for a ...
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Surprise 4.6 dip in exports last month in Singapore
Singapore's exports fell more than expected last month on weak demand for electronics, despite signs that factories had been increasing output in recent months. Non-oil domestic exports dipped 4.6 per cent last month over a year ago, trade agency IE Singapore said yesterday. They were weighed down by electronics shipments, which declined by a larger-than-expected 13.2 per cent in the ...
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Rubber Drops on Speculation Supply to Gain as Shippers End Curbs
Malaysia , representing about 70 percent of world supply, failed to agree on new curbs after reducing exports by 300,000 tons in the six months through March. "A lack of agreement from the meeting of the three producing countries is disappointing," Hideshi Matsunaga, an analyst at broker ACE Koeki Co. ...
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Airborne laser reveals city under Cambodian earth
SYDNEY (AP) -- Airborne laser technology has uncovered a network of roadways and canals, illustrating a bustling ancient city linking Cambodia's famed Angkor Wat temples ...
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G8 Leaders World Economic Prospects Still Weak
After the first day of their annual summit in Northern Ireland Monday, the G8 said significant policy actions taken by the eurozone, U.S. and Japan have reduced the risk of an economic downturn. The leaders said promoting growth and jobs remains their priority. They called the fight against long-term and youth unemployment critical. Earlier Monday, the United States and European Union said ...
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PTPN X to raise Rp 700b to pay debt
PT Perkebunan Nusantara (PTPN) X, a state-owned sugar mill company, plans to issue Rp 700 billion (US$70.7 million) in bonds to pay their debt to PT Bank Rakyat Indonesia (BRI).Finance director Dolly Pulungan said on Monday that the company would use Rp 300 billion to pay off its debt to the state lender and the rest to boost the company's sugar production, including Rp 280 billion to ...
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Contaminated water suspected as 140 Bangladeshi garment workers become ill
Over 140 workers from two garment factories near the Bangladeshi capital Dhaka have taken ill. It is suspected that the illnesses were caused by contaminated drinking ...
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Asia Roundup Marts mixed ahead of US Fed meet
Asian markets were mixed yesterday, Monday June 17 2013 despite a weak batch of US economic data boosting hopes that the Federal Reserve will put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week. Traders were upbeat despite a soft lead from Wall Street while the US dollar edged up after suffering a sell-off last Friday in New York. Tokyo ...
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Indonesia Chinas Guangxi to expand cooperation in exclusive economic zone
The governments of Indonesia and China's Guangxi Zhuang Autonomous Region have planned to widen cooperation in building exclusive economic zones in both countries, an Indonesian minister said here on Monday.The plan was unveiled at a meeting between Peng Qinghua, secretary of Guangxi Zhuang Autonomous Region CPC Committee, and Indonesian President Susilo Bambang Yudhoyono at the State of ...
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Kerry reassures US support to Pakistans new govt
US Secretary of State John Kerry has reassured that the US government "remained steadfast in supporting the new democratic government in Pakistan" in a phone call to Pakistani Prime Minister Nawaz Sharif, the Foreign Ministry said Monday.Kerry provided an update on the recent developments and expressed appreciation for Pakistan's positive role in advancing peace and stability in ...
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Fixing Philippines exclusive growth
Everybody's talking about inclusive growth, but the latest labour and employment data suggest that the breathtaking growth the Philippine economy has been achieving lately--the fastest in all of Asia, in fact--is anything but that. The latest quarterly Labour Force Survey (LFS) of the National Statistics Office (NSO) reports that there were actually 21,000 fewer jobs overall last April ...
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Philippines Taiwan on way to mending relations
The Philippines and Taiwan are on the way to restoring their good relations after Friday's breakthrough fishery meeting aimed at preventing the recurrence of violent confrontations in overlapping waters, Manila's representative to Taipei said Monday. Representatives of the two countries are meeting again in early July to continue negotiating on fishing operations in their overlapping ...
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End of the Road for Asian Currencies
Asian currencies have been battered lately by talk of the U.S. Federal tapering its massive stimulus program and analysts expect the pummeling to continue as other major drivers that led the currencies to appreciate now face pressure. On top of funds flowing out of Asia on worries about the Fed unwinding its asset-purchase program, Citi Research expects sovereign risk ...
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PNG PM on trade mission to Jakarta
Indonesia Papua New Guinea's Prime Minister Peter O'Neill is in Indonesia's capital, Jakarta, for talks on trade and investment between the neighbouring countries. Several deals have been struck to increase trade and business between the countries, and create the first direct flights between Jakarta and Port Moresby.The leaders say the relationship has been taken to a new ...
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Asian mkts capped as Fed meeting jangles nerves
Asian shares were pressured despite an overnight rise in global markets, with investors on tenterhooks for news of the Fed's plans for its stimulus ...
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Thai cabinet to discuss cut in rice price - minister
BANGKOK, June 18 | Mon Jun 17, 2013 9:41pm EDT BANGKOK, June 18 (Reuters) - The Thai cabinet will on Tuesday discuss a cut in the rice intervention price in the next 2013/14 crop to between 12,000 and 13,500 baht per tonne from the current 15,000 baht ($490), the commerce minister said. "We plan to cut the intervention price and limit the amount of rice we will buy because we want ...
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Tempers flare ahead of Asian World Cup qualifying
SINGAPORE (AFP) - An extraordinary row between South Korea and Iran highlights tensions in Asia's final World Cup qualifying group matches, with Australia also urging caution before trying to book their ticket to Brazil.South Korea's promise to "make life painful" for Iran and to force their captain to cry "tears of blood" have sharply raised the stakes before ...
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City weathers more rain in June agency says
The Meteorology, Climatology and Geophysics Agency has predicted that Greater Jakarta, along with many other parts of Indonesia, would likely experience heavy showers from Monday to Wednesday due to increasing cloud cover across the country."Heavy showers will continue over the next three days," agency spokesman Harry Tirto Djatmiko said on Monday in Jakarta.The agency also warned that ...
Laos Digest
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Laos looking ahead
The new stock exchange in Laos may be a sign of changes to come in our otherwise centrally-run economy.
Laos is one of the poorest countries in South East Asia, but as the globally economy recovers and commodity prices pick up, the country looks set for a future of relatively strong growth, if not widespread prosperity, and this has been exemplified in the government’s recent decision to open a stock exchange in the country, which it is hoped will bring much-needed capital flowing into the country to fund investment projects in industry and infrastructure, catalysts for further growth in the economy. Read more
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