Asia Pacific – Page 1046 – Prologue Journal

G7 vows to ensure financial stability after US bank failures

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. After a 3-day meeting in Niigata, the group underlined the need to address ‘data, supervisory and regulatory gaps’ in the banking system, and to build robust supply chains with developing nations. https://www.scmp.com/news/asia/east-asia/article/3220452/g7-vows-ensure-financial-stability-after-us-bank-failures?utm_source=rss_feed

South Korea vows to ‘protect lives’ as it faces pressure to combat developed world’s highest suicide rate

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The nation, which has one of world’s highest suicide rates, is starting to do more to tackle the tragic problem – but experts say it’s not enough. https://www.scmp.com/week-asia/health-environment/article/3220302/south-korea-vows-protect-lives-it-faces-pressure-combat-developed-worlds-highest-suicide-rate?utm_source=rss_feed

Chinese cash keeps Japan’s struggling hot spring resorts popular with honeymooners bubbling

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. An exodus of money from China has turned into a lifeline for cash-strapped inns and hotels fighting to survive after years of Covid curbs. https://www.scmp.com/news/asia/east-asia/article/3220442/chinese-cash-keeps-japans-struggling-hot-spring-resorts-popular-honeymooners-bubbling?utm_source=rss_feed

Thailand election 2023: Move Forward, Pheu Thai bullish on bringing country back to democracy, ousting army in tight vote

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Move Forward’s Pita Limjaroenrat and Pheu Thai leader Paetongtarn Shinawatra hope young voters wearied by inequality and coups would help wrest power from conservatives. https://www.scmp.com/week-asia/politics/article/3220436/thailand-election-2023-move-forward-pheu-thai-bullish-bringing-country-back-democracy-ousting-army?utm_source=rss_feed

As Indonesia marks 25 years since Reformasi, is democracy unravelling under Jokowi?

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The quality of democracy has ‘deteriorated markedly’ over the course of Widodo’s presidency, capped by new laws stifling dissent and freedom of expression. https://www.scmp.com/week-asia/politics/article/3220334/indonesia-marks-25-years-reformasi-democracy-unravelling-under-jokowi?utm_source=rss_feed

Australia concerned over Beijing’s ‘destabilising’ actions around Taiwan, South China Sea: envoy

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Australia’s ambassador to Japan Justin Hayhurst said ‘any conflict or miscalculation or use of violence to change the status quo would be catastrophic’. https://www.scmp.com/news/asia/east-asia/article/3220431/australia-concerned-over-beijings-destabilising-actions-around-taiwan-south-china-sea-envoy?utm_source=rss_feed

Singapore’s middle class reels over record COE prices: ‘US$150,000 for a Toyota Corolla?’

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The price of a certificate of entitlement, or COE, for vehicle ownership in the land-scarce city state has ballooned to US$75,000 – making it ‘impossible for the middle class’. https://www.scmp.com/week-asia/politics/article/3220384/singapores-middle-class-reels-over-record-coe-prices-us150000-toyota-corolla?utm_source=rss_feed

China’s Economic Needs May Take a Back Seat to Security

New York Times Xi Jinping wants to insulate China from perceived threats from the West. He also wants to promote the country as deserving of foreign investment and clout. Can he do both? https://www.nytimes.com/2023/05/12/world/asia/china-xi-security-economy.html

From Rap Star to Engineer to Young Mayor Demolishing Swaths of Kathmandu

New York Times A music idol in his early 20s and then an engineer, Balen, 33, next won an upset victory as mayor of Nepal’s capital, inspiring a wave of young politicians. Now, he’s tearing down parts of the city. https://www.nytimes.com/2023/05/12/world/asia/nepal-kathmandu-mayor-balen.html

As ‘severe’ Cyclone Mocha nears, Bangladesh, Myanmar evacuate hundreds of thousands

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Cyclone Mocha, the first cyclone in the north Indian Ocean this year, is expected to make landfall on Sunday between Cox’s Bazar in Bangladesh and Kyaukpyu in Myanmar. https://www.scmp.com/news/asia/south-asia/article/3220401/severe-cyclone-mocha-nears-bangladesh-myanmar-evacuate-hundreds-thousands?utm_source=rss_feed