08272016Sat
Last update: Sat, 27 Aug 2016 11pm

South Asia

World - South Asia

Myanmar's Suu Kyi heads to China with dam project clouding ties YANGON: Myanmar leader Aung San Suu Kyi is heading to China on Wednesday for what is likely to be her government's biggest diplomatic test, with the fate of a suspended dam project, backed by China but opposed by many people in Myanmar, in the balance.Myanmar's former military rulers were shunned by the West and close to China, which has been on a diplomatic offensive since Suu Kyi's government came to power in April, aiming to forge good ties with its resource-rich southern neighbour.Finding a solution to the $3.6 billion Myitsone dam project will be important for Suu Kyi who needs China's cooperation in talks with Myanmar's ethnic minority armed groups operating along northern borders with China."If the Chinese leaders bring up a specific issue like the controversial Myitsone mega-dam project, of course we'll explain to them what we've been doing," Myanmar foreign ministry permanent secretary Aung Lynn told Reuters.Former Myanmar ...

World - South Asia

China premier says cabinet approves launch of Shenzhen-Hong Kong Stock Connect SHANGHAI: China's premier Li Keqiang said the State Council had approved the launch of the Shenzhen-Hong Kong Stock Connect programme linking the two exchanges, without giving further details on the launch date.Li, in comments posted on a government website, said that preparatory work for the long-awaited programme had been basically completed."The move marks a solid step toward better legal structure and international market orientation of China's capital markets," Li was quoted as saying.The China Securities ...

World - South Asia

Sri Lanka July manufacturing PMI falls to neutral level COLOMBO: Sri Lanka's manufacturing PMI fell to a neutral level of around 50 in July from a generally expanding level a month ago due to a decline in new orders and production indices, the central bank reported on Monday.The index, which the Indian ocean island nation's monetary authority started to release from last month, fell to 50.6 in July from 55.1 a month ago, the data showed. "Overall data points to an expansion in the ...

World - South Asia

Taliban capture key district in Afghan north KUNDUZ: Taliban insurgents, seeking to force the NATO-led coalition out of Afghanistan and bring in Islamic law, captured a key district in the northern province of Baghlan after days of fighting, officials said on Monday.Fighting has escalated in Afghanistan as the Taliban insurgency spreads from its traditional strongholds in the south and east of the country to once peaceful regions in the north.Despite air support from U.S. and Afghan warplanes, government troops are struggling against ...

World - South Asia

Afghanistan's Ghani 'unfit for presidency' KABUL: Afghanistan's chief executive has castigated his ally Ashraf Ghani as "unfit for the presidency", in a public outburst highlighting bitter internal divisions that threaten their US-brokered power sharing agreement.Abdullah Abdullah's comments come ahead of a September deadline for the government to honour the fragile agreement signed after the fraud-tainted presidential election in 2014, which both leaders claimed to have won.By then the government is expected to enact sweeping election reforms and amend the constitution ...

World - South Asia

Sri Lanka parliament endorses office to trace wartime missing COLOMBO: Sri Lanka's parliament on Thursday passed a law to establish an office to trace people who disappeared during a 26-year war and another insurrection amid protests by former leader Mahinda Rajapaksa's supporters in the chamber. The law was passed without a vote.It will enable independent investigation of thousands of cases of missing people, measures to trace them and protection of their rights and interests and those of their relatives. "We have brought this to ...

World - South Asia

Indian robbers cut hole in train roof in $750,000 heist CHENNAI: A gang of robbers cut a hole in the roof of a train travelling through southern India and stole more than $750,000 in cash, police said on Wednesday.The daring heist occurred somewhere along the more than 300-kilometre (186-mile) long journey, but the missing loot was only discovered hours after the express train arrived in the city of Chennai.The train's mail carriage was carrying 3.4 billion rupees ($51 million) belonging to India's central bank and ...