Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Thai central bank raises economic outlook, holds rates as expected
BANGKOK, June 24 : Thailand’s central bank upgraded its economic growth forecasts on Wednesday, signalling a modest improvement in the outlook after it held interest rates steady for a second meeting.The Bank of Thailand (BOT) said it expected economic growth to come in at 2.3 per cent this year, higher than
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Malaysia central bank fines AEON Credit for sanctions breaches
KUALA LUMPUR, June 24 : Malaysia’s central bank said on Wednesday that it has fined AEON Credit Service (M) Berhad 520,000 ringgit ($125,665) for breaches of targeted financial sanctions.AEON Credit, a Malaysian unit of Japan’s Aeon Co, has since taken remedial measures and conducted refresher training for re
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South Korea’s SK Hynix says to raise $29 billion in US ADR listing
SEOUL, June 24 : South Korea’s SK Hynix said on Wednesday it plans to raise 45.45 trillion won ($29.43 billion) via the listing of American Depository receipts (ADR) in the U.S., as it seeks to expand its investor base and production capacity for chips used in artificial intelligence.($1 = 1,544.1400 won)
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One fought for the South, one for the North. Both are still living the Korean War
An armistice ended the fighting in the Korean War three years after it started, but the two sides have never signed a peace treaty.
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CEO at Kadokawa, Japan’s ‘Elden Ring’ powerhouse, survives shareholder vote
TOKYO, June 24 : Japanese media powerhouse Kadokawa said on Wednesday that its CEO had secured enough support from shareholders to stay on as a board member despite an activist investor campaign calling for him to step down.The exact level of support for Chief Executive Takeshi Natsuno at Kadokawa’s annual ge
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Property agent promoted Australia housing scheme that lost investors S$16 million, gets jail
When the scheme fell through, 347 investors who had entered into finance agreements through introduction services provided by Wendy Kwek Siang Ling’s company lost a total of S$16 million.
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Infantino says World Cup hydration breaks purely sporting, not commercial
June 24 : FIFA president Gianni Infantino has defended the introduction of hydration breaks at the World Cup, insisting that for football’s governing body they are driven purely by sporting considerations and not commercial interests.Mandatory three-minute breaks, introduced in the 22nd and 67th minutes of ev
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Exclusive-Japan plans to better manage war chest for yen intervention, draft shows
TOKYO, June 24 : Japan’s government plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, a war chest for future yen intervention, according to a draft growth strategy report reviewed by Reuters on Wednesday. The plans reflect the government’s desire to boost returns
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YouTube settles with teen averting new US addiction trial
SAN FRANCISCO: YouTube reached a confidential settlement with a 15-year-old American who accused the Google-owned platform and other social media networks of harming his mental health, three months after an unprecedented verdict in a similar case.Google spokesman Jose Castaneda confirmed the deal, saying the
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France heatwave’s first major outage leaves 68,000 homes without power
The electricity outage was related to the extreme weather, with temperatures of 39°C to 41°C expected on Wednesday from Brittany to the Paris region.
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