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AseanPlus News
Rising global tensions may have China rethinking Russia alliance: analysts
‘When you look at the Russia-China relationship, the ‘no limits’ partnership is starting to bump up against a few limits,’ one saysExperts suggest Beijing might move closer to US positions on Ukraine and Mideast as it seeks to rein in ‘chaos’
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STARPICKS
Trends to watch before 2023 ends: Transition finance within responsible investment in Asia
IN THE Asian context, transition finance can take the centre stage within the responsible investment market.
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AseanPlus News
Hong Kong’s Cathay Pacific to offer pilots 3.8% rise in basic salary but union says crews will need to fly more hours to get increase
According to internal Cathay memo, an entry-level second officer will be offered HK$34,158 a month from January, while top-level captains will get up to HK$114,924Hong Kong Aircrew Officers Association says pilots will need to fly more to achieve the rise offered because they are paid by the hour
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AseanPlus News
Troubled Chinese shadow bank Zhongzhi warns it is ‘severely insolvent’ after asset shortfall, failed bailouts
Beijing-based wealth manager says it is severely insolvent and faces high risks of sustaining normal operationsFirm says it is ‘largely out of control’ after the death of its founder Xie Zhikun in December 2021 and subsequent resignations of several key executives
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AseanPlus News
South China Sea: Pressure mounts on Beijing in region as Marcos says Philippines will never give an inch
A view of Beijing as coercive and aggressive has the potential to push countries towards the West if it does not soften, analysts sayChina ‘cannot keep shooting itself in the foot and then blame Manila or Washington for pulling the trigger’, says Wilson Centre fellow
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AseanPlus News
Third medical school for Hong Kong: a boost for biomedical hub ambitions, but will it ease shortage of doctors?
Hong Kong University of Science and Technology sparks debate with plan for US-style graduate medical programmeAnother medical school may boost number of doctors, but impact may be limited if it also focuses on research training, former CUHK president Joseph Sung warns
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Nation
I was paid RM1mil to keep my mouth shut, says Sirul
PETALING JAYA: Sirul Azhar Umar says he received RM1mil from unnamed sources for his silence on the Altantuya Shaariibuu murder during his detention in Australia.
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AseanPlus News
Pentagon says Congress funding fights delay programmes to counter China
Deputy US Defence Secretary Kathleen Hicks says use of continuing resolutions has ‘significant consequences’‘We’ve lost probably a total of about four years’ worth of progress on our modernisation efforts,’ she adds
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AseanPlus News
Half of BN(O) migrants are jobless, but 99% have no plans of returning to Hong Kong, study finds
More than 2,000 Hongkongers who emigrated under British National (Overseas) visa programme surveyed on work, finances, emotional well-beingWhile respondents have complaints about jobs and pay, nearly all say they have no plans of moving back to Hong Kong
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Internet
Internet out: India deploys shutdowns in name of security
When trouble brews with political unrest or sectarian violence, authorities are quick to sever Internet service to stem disinformation – cutting off millions of people who depend on the web for communication, information and business.
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World
South African 'Blade Runner' Pistorius seeks parole a decade after killing girlfriend
JOHANNESBURG (Reuters) - South African former Paralympic star Oscar Pistorius, jailed in 2014 for killing his girlfriend Reeva Steenkamp, will get another chance for an early release at a parole hearing on Friday.
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World
Drilling snags delay rescue of 41 men trapped in Indian tunnel
SILKYARA, India (Reuters) - Hopes for the imminent rescue of 41 men trapped in a highway tunnel in the Indian Himalayas for nearly two weeks were dashed by recurring problems with the drilling equipment, officials said on Friday.
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Forex
Ringgit flat vs US$, stronger against other currencies at opening
KUALA LUMPUR: The ringgit was traded almost flat at the opening against the US dollar today on lack of fresh buying interest amid low volatility due to the Thanksgiving holiday in the United States (US).
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Nation
Targeted EPF withdrawal will worsen insufficiency of retirement savings, says Finance Ministry
KUALA LUMPUR: Any new additional pre-retirement withdrawals, whether targeted or open, will further exacerbate the issue of insufficient retirement savings, which is currently at a very alarming level, the Finance Ministry said.
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Myanmar
UN: Over 280,000 displaced in expanding Myanmar clashes
More than 286,000 people here have been displaced so far by recent fighting between the junta and ethnic groups, the UN said, describing it as the biggest escalation since the 2021 coup.
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AseanPlus News
Cash handout for more kids scrapped
A local Chinese government has backtracked on its promise to reward parents who have a third child with cash handouts, potentially thwarting one effort by the world’s second-largest economy to boost its birthrate.
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Indonesia
Indonesian anti-graft chief in hot water
The government has named the chairman of its anti-graft commission as a suspect in a corruption case, according to police, in a setback to the reputation of an agency set up two decades ago after the fall of dictator Suharto.
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Thailand
Thai govt orders gun licence issuance to be halted for a year
Thai Interior Minister Anutin Charnvirakul has signed an order to halt the issue of gun licences for a year, the Bangkok Post reported.
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Indonesia
Clean energy promise for the win
Presidential candidate Anies Baswedan will set up an endowment fund using revenue from a planned carbon tax to finance the development of renewable energy if he wins the Feb 14 elections, his lead economist said.
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Vietnam
Govt extends anti-graft drive as cops reveal real estate fraud
The country’s top leader vowed to extend “for the long-term” an anti-corruption campaign that has had a chilling effect on the economy after police revealed financial scandals in the real estate sector worth more than 3% of gross domestic product.