08302016Tue
Last update: Tue, 30 Aug 2016 11pm

South East Asia

World - South East Asia

Japan plans $33bn budget for Abe's spending programme, draft version shows TOKYO: Japan's government is preparing a $33 billion supplementary budget to help fund Prime Minister Shinzo Abe's economic stimulus package, largely financed by construction bonds, according to a draft seen on Monday by Reuters. The 3.2869 trillion yen ($32.75 billion) programme, the second supplementary budget for the fiscal year started in April, includes the issuance of 2.75 trillion yen in bonds earmarked for construction projects, the draft shows. Abe's cabinet is to approve the draft on Wednesday and submit it to parliament next month, said an official involved in the process. The budget covers the national-government portion for this fiscal year of a multi-year stimulus package approved by the cabinet on Aug. 2. The package has a headline figure of 28.1 trillion yen, including 7.5 trillion yen in combined spending by the national and local governments. Copyright Reuters, 2016 ...

World - South East Asia

Japan protests to Russia over man detained on disputed island TOKYO: Japan on Monday lodged a diplomatic protest with Russia over the detention of a Japanese citizen visiting an island disputed by the two countries.Tokyo and Moscow are working to resolve decades of tensions over four islands occupied by the Soviet Union in the closing days of World War II and now controlled by Russia.The man, who has not been identified, was detained following baggage checks conducted ahead of his scheduled departure, Chief Cabinet Secretary ...

World - South East Asia

South Korea warns of possible North Korean assassination squads SEOUL: South Korea warned Sunday of possible North Korean assassinations and kidnappings in revenge for recent high-profile defections to the South.With tensions also high before a large-scale South Korea-US military exercise starting Monday, the Unification Ministry in Seoul said Pyongyang was bent on provocation.A ministry official told reporters the defection to Seoul of North Korea's deputy ambassador to Britain and his family had put the North in "a very difficult situation"."Considering (North Korean leader) Kim ...

World - South East Asia

Japan hit by 6.0 magnitude quake, no tsunami warning TOKYO: Japan was hit by a strong earthquake for the second straight day on Saturday, though there were no immediate reports of damage or injuries, officials said.A shallow magnitude 6.0 earthquake struck off the coast of northern Japan Saturday, 167 kilometres (103 miles) from Miyako city, the US Geological Survey said.There was no threat of a tsunami following quake which had a depth of 10 kilometres, the Japan Meteorological Agency said.The jolt came one day ...

World - South East Asia

Beijing does not exploit Myanmar BEIJING: Accusations that Beijing is exploiting Myanmar's resources are manipulated by Western media, a state-run Chinese newspaper said Friday, with de facto leader Aung San Suu Kyi on a visit overshadowed by a stalled dam project.Suu Kyi's first major foreign trip since her civilian administration took power in March has been dominated by the $3.6 billion Myitsone dam, on hold since protests in 2011.Beijing has been pressing for the resumption of the Chinese-backed project ever ...

World - South East Asia

Japan's PM Abe considering visiting Cuba next month: Kyodo TOKYO: Japanese Prime Minister Shinzo Abe is considering visiting Cuba next month to strengthen ties and promote Japanese investments there, Kyodo news agency reported on Thursday, but the foreign ministry said no such plan was being made.The trip, if confirmed, will coincide with Abe's planned attendance at the United Nations General Assembly meeting in New York, Kyodo said. It would be the first ever visit to Cuba by a Japanese prime minister."There is no such ...

World - South East Asia

Taiwan reveals cautious first budget as Tsai pledges growth TAIPEI: Taiwan's new government unveiled its first budget Thursday as it tries to kickstart the island's fragile economy, but the cautious spending plan raised questions over whether it was investing enough. President Tsai Ing-wen was voted in by a landslide in January partly because of public anger over stagnant wages, lack of job opportunities and a rising cost of living. Trade deals with China under former leader Ma Ying-jeou were seen as helping big business, ...