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WORLD

Japan's flood of tourists prompts call to charge foreigners more

Bloomberg News, Published on 20/06/2024

» TOKYO - As the flood of overseas tourists shows no sign of slowing, complaints about overcrowding and poor behaviour by visitors are prompting some in Japan to look at ways of controlling the flow without losing income, including by charging higher prices for foreigners.

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GENERAL

Central bank renews case to limit digital wallet scheme

Bloomberg News, Published on 19/06/2024

» The Bank of Thailand (BoT) remains firm in its opposition to a government plan to give 500 billion baht in cash to almost all its adult citizens to revitalise consumption activity, saying the prudent thing would be to limit assistance to the needy.

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PROPERTY

Singapore home sales decline for second month

Bloomberg News, Published on 18/06/2024

» SINGAPORE - New-home sales in Singapore fell for a second month, as weak demand and a lack of major launches continued to weigh on the market.

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WORLD

Tibet government in exile says US law pressures China to talk

Bloomberg News, Published on 18/06/2024

» DHARAMSHALA - A new US law on Tibet and a high-profile visit by American lawmakers to the region will put pressure on China to engage with the government in exile, a top official said.

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INVESTMENT

Bitcoin drops to one-month low in broad crypto market selloff

Bloomberg News, Published on 18/06/2024

» NEW YORK - Bitcoin slid to a one-month low as outflows from digital-asset investment products and the prospect of higher-for-longer US borrowing costs sapped the cryptocurrency market.

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GENERAL

Paris loses crown as Europe’s biggest stock market to London

Bloomberg News, Published on 17/06/2024

» LONDON - France’s political upheaval has led the country to lose its spot as Europe’s biggest equity market, less than two years after stealing that crown from the UK.

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WORLD

North Korea building walls along border with South

Bloomberg News, Published on 15/06/2024

» SEOUL - North Korea is constructing walls and digging roads on its side of the demilitarised zone (DMZ) along the border with South Korea.

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GENERAL

B1.4tn fund says gold to counteract weak stocks

Bloomberg News, Published on 14/06/2024

» The Government Pension Fund (GPF) is expecting gains from investments in gold, commodities and private equity to help counter a slump in domestic stocks, following a period that is seen its performance struggle.

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INVESTMENT

Bitcoin miners pivot to Southeast Asia after China crackdown

Bloomberg News, Published on 14/06/2024

» KUALA LUMPUR - The 17-acre cement slab in the middle of a Borneo industrial area once belonged to a logging company. Long ago that business abandoned the site to the elements, leaving just rudimentary structures and a four-story-tall concrete birdhouse made to lure swiftlets whose nests, built with saliva, fetch high prices in China.

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WORLD

Astronaut, 'Earthrise' photographer, dies in plane crash

Bloomberg News, Published on 08/06/2024

» WASHINGTON - William Anders, the US astronaut whose "Earthrise" photograph from lunar orbit captured humanity's humble place in the cosmos, punctuating the 1960s' race to the moon with one of the most recognised images of the 20th century, has died. He was 90.