Latest Southeast Asia News
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Myanmar president urges end to violence
Myanmar President Thein Sein has told an audience in the US he wants a national identity which embraces people of all faiths, including ...
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Myanmar Muslims jailed for killing Buddhist monk
MEIKHTILA, Myanmar -; Six Muslim men and one minor have been sentenced to jail terms ranging from life to two years in prison for involvement in the killing of a Buddhist monk during sectarian violence in central ...
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Crackdown nets 800 suspects in Mekong region drugs smuggling
Police from four nations have so far detained more than 800 suspects and shut down several drug rings in a crackdown on gangs operating along the Mekong River, Chinese state media said Tuesday. The month-long operation by police from China, Thailand, Myanmar and Laos led to the arrest of 812 suspects from the four nations and Vietnam, Xinhua news agency quoted Chinese police as saying. Police ...
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Business Briefs May 21
* Phu My Hung Corporation last week held ceremony to mark its 20 years of operation in Vietnam. During the period, the firm has developed 84 projects and around 12,000 housing units. Currently, there are around 25,000 people living in Phu My Hung new urban area in HCM City’s District 7. * Electro-Voice has introduced ZLX loudspeakers of 12 and 15 inches in Vietnam with prices ranging ...
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American was murdered in Singapore says pathologist
(17 mins ago) An American scientist found hanged in Singapore last year was murdered and his death made to look like a suicide as part of a conspiracy, a US pathologist told an inquiry today. Edward Adelstein, 75, a deputy medical examiner in Missouri, contradicted Singapore police findings that Shane Todd killed himself, but admitted his conclusions were based on pictures of the body and ...
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The Asian stock indexes slipped
The appetite for risk was neutral in FX in the Far East. Most foreign currencies consolidated after profit taking boosted them on Monday from their recent losses. While the yen remains near a 4 1/-year low, the Aussie is attempting to separate itself from an eleven-month low. The Asian stock indexes slipped. The short-term outlook for most foreign currencies is sideways. The medium-term outlook ...
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Indonesia inflation may accelerate to 7
Although inflation-indexed bonds prove beneficial during times of high inflation, they underperform when the economy goes through a deflationary ...
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Chevron nears sale of Egypt Pakistan downstream assets -sources
By Dinesh Nair DUBAI | Tue May 21, 2013 2:16am EDT DUBAI May 21 (Reuters) - Chevron Corp is in advanced talks to sell its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major. Chevron, the second-largest U.S. oil company, is conducting a separate sale process for its assets in both countries, the ...
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Yasir Feri Ismatrada A noodle maker with social mission
The product is known as mi lethek, meaning dull or ugly noodles. Yasir Feri Ismatrada, who carries on the noodle business of his late grandfather Haji Umar Bysir Nahdi in Bendo village in Trimurti Srandakan, about 30 kilometers southwest of Yogyakarta, feels comfortable with the name."Mi lethek is far more famous than the brand name we've used, Garuda. Although it gives the idea of ...
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Increased demand for test-tube babies
With increasing numbers of couples in Indonesia turning to in-vitro fertilization (IVF), also known as test-tube babies, doctors and clinics across the country have been doing their best to respond to the demand.According to a report from the Indonesia Association for In-Vitro Fertilization (Perfitri), there were a total of 3,581 IVF cycles last year, up from 3,000 in 2011 and only 1,500 in ...
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Indonesia beats India in qualification
Paper Edition | Page: 19 The Indonesian team passed the first obstacle by winning 4-1 against India in the group A qualification round of the 2013 Sudirman Cup on Monday at Putra Stadium, Bukit Jalil, Kuala Lumpur.The result has secured Indonesia a slot in the quarterfinals, regardless of the result of Tuesday's match against defending champion China.India, which lost 0-5 to China on ...
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Local miners aim for shared-smelters
Paper Edition | Page: 14 Local mining firms are aiming to develop smelters that they can use to process raw mineral ores following a 2012 energy and mineral resources Ministerial Regulation on mineral processing.Zulhanar Usman, secretary-general of the newly established Association of Miners in Regions (ASPPERDA), whose members currently comprise 10 small domestic mining firms, said on Monday ...
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Analysis Floods fail to dampen confidence
The KADIN-Roy Morgan Consumer Confidence index rose sharply to 155.6 in April, up 3.7 points from the previous month. The index now stands a massive 16 points higher compared to a year ago in April 2012 when it registered 139.6.April's rise was driven primarily by increasing confidence in regards to the purchasing of major household items as well as increasing confidence in the Indonesian ...
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Sritex seeks 41 rise in net profits on ‘good looking’ China
Paper Edition | Page: 13 Southeast Asia's largest textile company, PT Sri Rejeki Isman (Sritex), is aiming to increase its net profits by 41 percent with more orders from China.The publicly listed company, which is working on its plan for an initial public offering (IPO), is estimating that its net profits will stand handsomely at Rp 325 billion (US$33 million) by year's end.The ...
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Pertamina pushes subsidiaries to go public
Paper Edition | Page: 13 In a bid to speed up the growth of its subsidiaries, state energy firm PT Pertamina said it would push its secondary companies to float shares on the local stock exchange.Pertamina's board of commissioners head, Sugiharto, confirmed the policy, saying it was aimed at making those companies more independent."One of the ways to encourage these subsidiaries to be ...
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Indonesia arrests Iranian-born Australian over people smuggling
SYDNEY (AFP) - Indonesian authorities have arrested an Iranian-born Australian resident who they suspect headed a people smuggling network that spanned the country, a report said on Tuesday. Mr Mohammad Abdi, 36, was detained at an apartment in Jakarta on Monday along with two other Iranians, The Australian newspaper said, citing Indonesian police. "Right now we think he's a big ...
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Oil price rises to near $97 per barrel
BANGKOK -; The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. ...
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Obama meets visiting Myanmar president
US President Barack Obama on Monday lauded Myanmar's efforts made over the past two years in holding elections and in solving the country's longstanding ethnic conflicts.Obama made the statement at a press conference following his talks with visiting Myanmar President Thein Sein at his Oval Office. Thein Sein was the first president of Myanmar to visit the White House in 47 years.Obama ...
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14 dead 14 missing in Indonesia mine tunnel collapse
At least 14 people are dead, 14 are still missing and 10 have been rescued after a tunnel collapsed last Tuesday at an underground mine training facility in ...
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Portuguese firms to tap into Indonesias business potentials
Following in the steps of its European neighbors, dozens of Portuguese firms are visiting Indonesia to seek business partnerships and explore untapped local business opportunities. The delegation, touted to be the biggest Portuguese business mission to the country, highlighted its new interest in Indonesia, predicted to be among the world's 10th biggest economies within the next decade, ...
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Indonesia nabs Iranian big fish Abdi over human smuggling
(46 mins ago) Indonesian authorities have arrested an Iranian-born Australian resident who they suspect headed a people-smuggling network that spanned the country, a report said. Mohammad Abdi, 36, was detained at an apartment in Jakarta yesterday along with two other Iranians, The Australian newspaper said, citing Indonesian police. ';Right now we think he's a big ...
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STOCKS NEWS SINGAPORE-SingTel dips on broker downgrade
OCBC cut its rating on the sector. "In the search for yield, telco stocks have done very well, rising some 14 percent to 26 percent year to date, versus the STI's 9 percent climb," OCBC said in a report. "However, given the still-muted outlook, we believe that the share prices have run up too much, too quickly, and this has driven yields down to below 5 ...
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Bangladeshi police attack garment workers’ protest
, Karl Johan Persson, the CEO of the Hennes & Mauritz (H&M), said that the company is looking for locations in Central and South America or in Africa. The Hasina government faces a massive political crisis as working class opposition deepens. It is desperately trying to deflect discontent among workers and maintain cheap labour conditions. About 3.7 million workers, mostly young women, ...
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Detained Chinese Fishermen Boat Released by North Korea
The official Xinhua news agency reported the development Tuesday, quoting a Chinese consular official in Pyongyang who spoke with the owner of the fishing boat. The official said the men were safe and on their way home, but he gave no other details. The owner of the boat says North Korea was demanding nearly $100,000 for the return of the boat and crew, which were taken May 6 in the waters ...
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Death toll rises to 21 in Indonesian mine collapse
TIMIKA, Indonesia (AFP) - The death toll from a mine tunnel collapse in eastern Indonesia has risen to 21, the US operator said Tuesday, as rescuers searched for another seven workers now also presumed dead.The accident happened on May 14 at Freeport-McMoRan's Grasberg, one of the world's biggest gold and copper mines in mountainous, remote Papua province, and 10 workers were rescued ...
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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