Category: Asia Pacific
A Crisis of Confidence Is Gripping China’s Economy
New York Times China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair. https://www.nytimes.com/2023/08/25/business/china-economy-confidence.html
Read MoreL&T, HAL vetted to bid on India rocket privatisation
Reuters Reuters exclusively reported that Larsen & Toubro and Hindustan Aeronautics are among companies vetted to potentially bid in India’s efforts to privatize its small satellite launch rocket as the government seeks more investment in the booming space market. The post L&T, HAL vetted to bid on India rocket privatisation appeared first on Reuters News…
Read MoreSouth China Sea: US defence chief backs Indonesia’s push to modernise military
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. As Jakarta’s and Washington’s defence chiefs met at the Pentagon, Jakarta said both countries are committed to peace, security and stability and ‘an open, inclusive, and rule-based order’. https://www.scmp.com/news/asia/southeast-asia/article/3232375/south-china-sea-us-defence-chief-backs-indonesias-push-modernise-military?utm_source=rss_feed
Read MoreWith Tesla push, India mulls import tax cut if EV makers build locally
Reuters Reuters was first to report India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market. The policy being considered could allow automakers to import fully-built EVs into India at a…
Read MoreChina steps up yuan defence with bond limit guidance
Reuters Reuters exclusively reported that China’s central bank has asked domestic banks to limit outflows into foreign bonds, the latest in the raft of steps authorities are taking to contain yuan weakness. The post China steps up yuan defence with bond limit guidance appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/china-steps-up-yuan-defence-with-bond-limit-guidance/
Read MoreNew Brics members Saudi Arabia, UAE taking ‘a step away’ from US, seeking global roles
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Saudi Arabia and the UAE have sought Brics membership as they want to have “an additional hedge” against the US and diversify their economic partnerships https://www.scmp.com/week-asia/politics/article/3232351/new-brics-members-saudi-arabia-uae-taking-step-away-us-seeking-global-roles?utm_source=rss_feed
Read MoreIndia economy: trade deal in the UK ‘very close’, minister says as PM Modi also pledges deeper ties in Greece
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The deal will help New Delhi become a bigger exporter, while the UK gets wider access for its whisky, premium cars and legal services. Meanwhile, India and Greece pledged to deepen ties in areas…
Read MoreBritain probes 88 deaths linked to Canadian ‘online poison seller’
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The probe is sparked by the arrest in Canada earlier this year of Kenneth Law, who is suspected of sending at least 1,200 packages containing lethal substances to countries including the US, Australia and…
Read MoreThousands of Rohingya protest in Bangladesh 6 years after exodus: ‘We want to go home with our full rights’, they plead
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Budget cuts forced the UN to steeply reduce aid to the camps this year – where malnutrition was already rampant – rations are now just US$8 a month per refugee. https://www.scmp.com/news/asia/south-asia/article/3232321/thousands-rohingya-protest-bangladesh-6-years-after-exodus-we-want-go-home-our-full-rights-they?utm_source=rss_feed
Read MoreFly larvae breeds success for Nepali women
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Village women in Bhardev, near Kathmandu, are earning money processing fly eggs into feed for fish, chicken and pigs at their ‘model green business’ fly farm. https://www.scmp.com/news/asia/south-asia/article/3232317/fly-larvae-breeds-success-nepali-women?utm_source=rss_feed
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