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GENERAL

Cash gifts, free milk raise risks to Thailand, Indonesia ratings

Bloomberg News, Published on 27/02/2024

» JAKARTA/BANGKOK - Southeast Asia’s new leaders risk blowing past budget constraints to make good on costly campaign promises of cash handouts and free lunches, increasing the risks to their prized investment-grade ratings.

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WORLD

S.Korea’s biggest polluters made huge profits from carbon credit sales

Bloomberg News, Published on 26/02/2024

» SEOUL - South Korea’s most-polluting companies have made 475 billion won (US$357 million) from selling unused carbon emissions permits in the first eight years of the nation’s program, according to an activist group.

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INVESTMENT

Bitcoin tops $55,000 price level for first time since late 2021

Bloomberg News, Published on 27/02/2024

» SINGAPORE - Bitcoin retook the US$55,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc.

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GENERAL

Move Forward slams Srettha for public feud with central bank

Bloomberg News, Published on 23/02/2024

» The public sparring between Prime Minister Srettha Thavisin and Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput on monetary policy risks undermining the institution's independence and poses a threat to credit ratings, according to the opposition Move Forward Party (MFP).

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THAILAND

Health ministry wants ban on recreational cannabis by year-end

Bloomberg News, Published on 21/02/2024

» The government wants to ban recreational use of cannabis by the end of this year, Public Health Minister Cholnan Srikaew said on Wednesday, threatening to put thousands of marijuana shops and farms that have sprung up around the country since a decriminalisation drive two years ago out of business.

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WORLD

US, Philippines hold air patrol, drawing China rebuke

Bloomberg News, Published on 20/02/2024

» MANILA - The United States and the Philippines conducted a joint air patrol over areas facing the disputed South China Sea in another display of a stronger defence alliance, drawing China’s rebuke as maritime tensions linger.

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SPORTS

Messi says Hong Kong no-show wasn't political, has affection for China

Bloomberg News, Published on 20/02/2024

» HONG KONG - Lionel Messi sought to draw a line under controversy about his failure to play in a football match in Hong Kong earlier this month, saying his absence was not due to political reasons and he has great affection for China.

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WORLD

Ukraine is promised 1 million drones within a year

Bloomberg News, Published on 16/02/2024

» KYIV - A coalition of allies aims to deliver 1 million drones to Ukraine within a year, as the country struggles to cope with ammunition shortages and a funding fight in Washington.

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WORLD

Philippines won't back down on sea claims

Bloomberg News, Published on 15/02/2024

» MANILA - The Philippines is committed to asserting its claims in the South China Sea even as it aims to manage disputes through peaceful means, its top diplomat said.

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PROPERTY

Singapore home sales off to slowest start since 2009

Bloomberg News, Published on 15/02/2024

» SINGAPORE - Singapore home sales posted the weakest January sales since 2009, adding to signs that the property boom is fading.