07012016Fri
Last update: Fri, 01 Jul 2016 07am

South East Asia

World - South East Asia

North Korean assembly awards leader Kim Jong Un fresh title SEOUL: North Korea's parliament awarded Kim Jong Un a new post on Wednesday, adding to a long list of titles for the young leader. The North's state television said Kim was made chairman of the state affairs committee, a body that appears to be newly formed and whose function was not immediately clear.He also has the titles of the Dear Respected Comrade Kim Jong Un, Chairman of the Workers' Party of Korea, First Chairman of the National Defence Commission of the Democratic People's Republic of Korea and Supreme Commander of the Korean People's Army. Kim, believed to be in his early 30s, attended the assembly meeting on Wednesday. He also holds the rank of marshal in the North Korean military, and is more usually referred to "our marshal" in propaganda and common parlance. The parliament meets once or twice a year to formally approve budgets or policies set out by ...

World - South East Asia

Sri Lanka president to appoint new central bank chief soon COLOMBO: Sri Lanka President Maithripala Sirisena said on Wednesday that he would appoint a new central bank governor within hours, a week after incumbent Arjuna Mahendran said he would not seek an extension of his term until a parliamentary committee clears his name of allegations against him. "I will appoint a new Governor to the Central Bank in the coming hours," President Sirisena said in a twitter message after he made the announcement at a ...

World - South East Asia

Iran suspends all flights to Istanbul airport after attack DUBAI: Iran said it had suspended all flights to Istanbul's main international airport on Wednesday after it was attacked by militants. "Due to last night's explosion at Ataturk Airport ... all Iranian flights are suspended until their safety and security are guaranteed," Reza Jafarzadeh, director of the public relations at Iran's Civil Aviation Organization, was quoted as saying by Fars news agency.He added that the flights might be resumed in the afternoon.Copyright Reuters, 2016 ...

World - South East Asia

North Korea parliament meeting watched for economic clues SEOUL: North Korea was to convene a session of its legislative assembly on Wednesday, with observers looking for more details to emerge of a new economic plan announced at a rare party congress in May.The Supreme People's Assembly (SPA) meets only once or twice a year, mostly for day-long sessions to rubber-stamp budgets or other decisions made by the leadership.No schedule or subject agenda was provided in advance of Wednesday's session, which was announced three ...

World - South East Asia

South Korean presidential hopeful resigns amid scandal SEOUL: A high-profile South Korean politician and presidential hopeful resigned Tuesday as the head of his new opposition party that has been rocked by a bribery scandal.Ahn Cheol-Soo, a former IT software tycoon, stepped down as co-leader of the People's Party, amid allegations that its members received tens of thousand of dollars in kickbacks from two local companies before legislative elections in April."All political responsibility for this case rests with me. I put down the ...

World - South East Asia

Japan PM Abe instructs finmin to take FX steps as needed TOKYO: Japanese Prime Minister Shinzo Abe said on Monday he has instructed Finance Minister Taro Aso to watch currency markets "ever more closely" and take steps if necessary, in the wake of Britain's historic vote to leave the European Union.Abe's comments at an emergency meeting between the government and the Bank of Japan come as some analysts raised the possibility of the BOJ holding an unscheduled policy review ahead of the regular meeting later in ...

World - South East Asia

Japan PM campaigns on ‘stability’ ticket as Brexit rocks markets TOKYO: Japanese Prime Minister Shinzo Abe, stumping for a July upper house election, is warning voters against casting their ballots for the opposition at a time when world financial markets are in turmoil after Britain's shock vote to leave the European Union.Abe's ruling bloc already looked set for a hefty win in the July 10 election but experts said the uncertainty spawned by Brexit was likely to persuade Japan's cautious voters to give his coalition ...