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Search Result for “high excise tax”

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WORLD

Chinese executive named suspect in Indonesian radiation case

Bloomberg News, Published on 04/12/2025

» JAKARTA — Indonesian police have named a Chinese director of a metal smelting company as a suspect in a caesium-137 contamination case that ultimately led to radioactive shrimp and sneakers being exported as far as the United States.

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WORLD

Singapore executions touch 22-year high on drug, murder offences

Bloomberg News, Published on 02/12/2025

» SINGAPORE — Singapore has executed 17 individuals this year on drug and murder charges, marking the highest annual tally since 2003 amid renewed debate over the city-state’s use of the death penalty.

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WORLD

Singapore court allows $2.7b suit against Standard Chartered over 1MDB fraud

Bloomberg News, Published on 25/11/2025

» SINGAPORE — A Singapore court has cleared the way for a US$2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1Malaysia Development Berhad (1MDB) fraud, liquidators seeking to recover the funds said on Monday.

WORLD

Myanmar seizes 10,000 phones in online scams crackdown

Bloomberg News, Published on 19/11/2025

» NAY PYI TAW — Myanmar’s military government seized nearly 10,000 mobile phones and related equipment that it said were used in online fraud during a crackdown on scam centres near the Thai border. 

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BUSINESS

'Baby Shark' creator Pinkfong shares surge up to 62% on debut

Bloomberg News, Published on 18/11/2025

» SEOUL — Baby Shark creator Pinkfong Co jumped as much as 62% in its trading debut as investors snapped up the studio behind YouTube’s most-viewed jingle, following strong demand for the small initial public offering (IPO).

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WORLD

Australia, Indonesia agree to new bilateral security treaty

Bloomberg News, Published on 12/11/2025

» BEIJING — Australia and Indonesia have “substantively concluded” talks on a new bilateral treaty that will significantly expand their security and defence cooperation, Prime Minister Anthony Albanese said.

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BUSINESS

Gold reclaims $4,000/oz level as dollar slips, US shutdown woes persist

Bloomberg News, Published on 06/11/2025

» BENGALURU — Gold rose above the key US$4,000 per ounce level on Thursday, supported by a retreat in the dollar, while a prolonged government shutdown in the United States raised worries over the economic outlook.

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BUSINESS

Philippine peso falls to new record low

Bloomberg News, Published on 28/10/2025

» MANILA — The Philippine peso slid past a long-defended red line for the currency to an all-time low, as the central bank signaled more tolerance for weakness.

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BUSINESS

IMF warns Asia’s growth will cool this year, next on trade risks

Bloomberg News, Published on 24/10/2025

» SYDNEY — The Asia-Pacific remains the fastest-growing region in the world, though higher tariffs and rising protectionism are likely to reduce demand for its exports and eventually weigh on activity, according to the International Monetary Fund (IMF).

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BUSINESS

Thai woes deepen as central bank warns of Q3 GDP contraction

Bloomberg News, Published on 22/10/2025

» The Bank of Thailand (BoT) warned the tariff-hit country is suffering a deeper-than-expected downturn, with the economy having likely posted its first quarterly contraction since the end of 2022.