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WORLD

China warns passengers must shutter windows at military-civil airports

Bloomberg News, Published on 25/06/2024

» HONG KONG - China’s Ministry of State Security has warned passengers against opening window shades during take-off and landing at airports used by both civil and military aviation, a move that runs counter to prevailing practices regarding aviation safety.

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THAILAND

PM Srettha touts plans for casinos, nuclear power

Bloomberg News, Published on 22/06/2024

» Prime Minister Srettha Thavisin on Saturday used his first monthly television address as the country's leader to promote plans for legalising casinos to curb illegal gambling and building a nuclear power plant to reduce electricity costs.

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WORLD

Xi, Putin score wins as more Asia leaders aim to join Brics

Bloomberg News, Published on 21/06/2024

» SINGAPORE - As Russian President Vladimir Putin and Chinese Premier Li Qiang wrapped up separate meetings in Southeast Asia this week, the two partners in the Brics economic bloc encountered a region keen to join a group seen as a hedge against Western-led institutions.

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INVESTMENT

Tiny Singapore sees sudden frenzy in deals worldwide

Bloomberg News, Published on 21/06/2024

» SINGAPORE - Singapore has turned into a hive of activity for mergers and acquisitions this quarter as investor confidence returns, helped by the relative economic and political stability of the island nation nestled in Southeast Asia.

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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.