Tag: Asia
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Indonesia raises rates in surprise move to prop up sinking rupiah
The rupiah has been under pressure due to a wide range of investor worries, including President Prabowo Subianto’s big spending plans and a ballooning fuel subsidy budget following the Iran war.
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Malaysia’s PAS severs ties with Bersatu, throwing opposition pact PN’s fate into question
Parti Islam Se-Malaysia’s president Abdul Hadi Awang said the decision took into account the state of relations between the two parties.
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Rescuers race to reach trapped victims after powerful quake in southern Philippines
Officials are hoping that the death toll will not rise further as search-and-rescue operations continue, with more than 400 people injured and four still missing.
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Asian stocks track Wall Street tech bounce, oil eases on Middle East hope
The gains across most equity markets followed a rebound on Wall Street, fuelled by a race to pick up cheaper assets following a sell-off sparked by bets on a US interest rate hike and warnings over tech firms’ valuations.
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Defying Trump with brief Iran fight, Israel seeks sway over peace talks
Trump, who launched the war alongside Israel in February, has been trying to reach a negotiated settlement with Iran, while excluding Israel from those talks.
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Death toll in Philippine quake rises to at least 32
Tsunami warnings were issued after a strong magnitude 7.8 earthquake struck off the southern Philippine island of Mindanao on Monday (Jun 8).
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Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?
A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up.
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Hong Kong proposes city’s leader decide national security offences
After massive democracy protests rocked the Asian financial hub in 2019, Beijing imposed a national security law that has been used to arrest many leading activists.
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BN sees Johor snap polls as vehicle for ‘blue wave’ comeback nationwide, says chairman Zahid
Prime Minister Anwar Ibrahim had earlier warned the component parties within his Pakatan Harapan coalition against clashing with Barisan Nasional as they are still partners in the federal government.
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Major quake off Philippines kills one, triggers tsunami warnings
The offshore quake hit at a depth of 35km about 24km west of Mindanao island’s Sarangani province.
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