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BUSINESS

Malaysia's AirAsia X proposes paying just 0.5% of $8bn debt

Reuters, Published on 18/10/2021

» KUALA LUMPUR: AirAsia X Bhd (AAX) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit (US$8.1 billion) of liabilities, a document seen by Reuters shows.

WORLD

Myanmar junta leader blames opponents for prolonging unrest

Reuters, Published on 18/10/2021

» Myanmar's junta chief on Monday said that the ruling military was committed to peace and democracy, and that the Association of Southeast Asian Nations (Asean) should consider the provocations and violence being carried out by its opponents.

BUSINESS

Economy faces uncertainty, monetary policy to stay accommodative

Reuters, Published on 18/10/2021

» The central bank said on Monday there was high uncertainty facing the economy and monetary policy would remain accommodative to support a recovery from the country's most prolonged outbreak of the coronavirus.

WORLD

Myanmar frees hundreds of political prisoners after Asean pressure

Reuters, Published on 19/10/2021

» Myanmar's military government has freed hundreds of political prisoners from the notorious Insein prison, including Aung San Suu Kyi's party spokesman and famous comedian Zarganar, local media reported.

BUSINESS

Cabinet approves B92 bn more support measures

Reuters, Published on 19/10/2021

» The cabinet on Tuesday approved a further 92 billion baht in relief measures, along with a scheme to offer work permits to foreigners who invest $1 million, as the country deals with the biggest and most prolonged coronavirus outbreak.

WORLD

Bangladesh arrests hundreds for violence against Hindus

Reuters, Published on 19/10/2021

» NEW DELHI: Bangladeshi police said on Tuesday that 450 people had been arrested in the Muslim-majority nation after attacks against Hindus in some of the worst such unrest for over a decade.

BUSINESS

Bitcoin on cusp of all-time high ahead of futures ETF listing

Reuters, Published on 19/10/2021

» LONDON/SINGAPORE: Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday as traders bet an anticipated listing of a futures-based US exchange-traded fund could herald investment flows into cryptocurrencies.

WORLD

Tradition vs credibility: Inside the SE Asian meet that snubbed Myanmar

Reuters, Published on 19/10/2021

» Indonesia, Malaysia, the Philippines and Singapore pushed for a harder stance against Myanmar junta leader Min Aung Hlaing at a "tense" meeting that decided to exclude him from a regional summit this month, four people with knowledge of the talks said.

WORLD

Big fossil fuel producers' plans far exceed climate targets, UN says

Reuters, Published on 20/10/2021

» LONDON: Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday.

WORLD

Philippines to review thousands more 'drug war' killings, says justice minister

Reuters, Published on 20/10/2021

» MANILA: The Philippines justice ministry will review thousands of killings in President Rodrigo Duterte's war on drugs, its chief said, after releasing details of a first batch of cases that it said pointed to abuses by police.