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BUSINESS

Philippines confirms Russia helicopter deal cancelled over US sanctions

Reuters, Published on 10/08/2022

» The Philippines has scrapped an order for 16 Russian military helicopters, an official confirmed Wednesday, following reports former president Rodrigo Duterte decided to cancel it due to US sanctions on Moscow.

BUSINESS

Vietnam needs $8bn-$14bn power investment a year through 2030

Reuters, Published on 10/08/2022

» HANOI: Vietnam will need investment of between US$8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, Deputy Minister of Industry and Trade Dang Hoang An said on Wednesday.

BUSINESS

Central bank hikes rate for first time since 2018 to tame hot inflation

Reuters, Post Reporters, Published on 10/08/2022

» The Bank of Thailand (BoT) raised its key interest rate for the first time in nearly four years on Wednesday, lifting it by a quarter point as expected to fight surging inflation as the economic recovery gains momentum.

BUSINESS

Cathay Pacific narrows loss, outlook clouded by crew Covid rules

Reuters, Published on 10/08/2022

» Hong Kong's Cathay Pacific Airways Ltd said strict air crew quarantine rules were crimping its ability to take advantage of rising travel demand, even as it narrowed its first-half loss to HK$5 billion (22.5 billion baht).

WORLD

Escalating evidence of crimes in Myanmar: UN investigators

Reuters, Published on 09/08/2022

» UN investigators said Tuesday there was mounting evidence of crimes being committed in Myanmar, including since a military coup last year.

WORLD

Russia starts stripping jetliners for parts as sanctions bite

Reuters, Published on 09/08/2022

» * This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine

WORLD

United States returns to Cambodia 30 antiquities looted from historic sites

Reuters, Published on 09/08/2022

» NEW YORK: The United States will return to Cambodia 30 looted antiquities, including bronze and stone statues of Buddhist and Hindu deities carved more than 1,000 years ago, US officials said on Monday.

WORLD

Record rain leaves at least 7 dead in Seoul

Reuters, Published on 09/08/2022

» SEOUL: At least seven people died in the South Korean capital of Seoul and metropolitan area overnight, authorities said on Tuesday, after torrential rain knocked out power and left roads and subways submerged.

THAILAND

Thailand, China to resume air force exercises after pandemic pause

Reuters, Published on 08/08/2022

» An annual joint fighter jets exercise between Thailand and China will resume later this month after being put on hold for two years during the pandemic, the Thai air force said, with a former US air base chosen to host the event.

BUSINESS

Singapore-based crypto lender Hodlnaut suspends withdrawals

Reuters, Published on 08/08/2022

» HONG KONG: Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry.