09282016Wed
Last update: Wed, 28 Sep 2016 06pm

South East Asia

World - South East Asia

Obama says countries must move in concert on tax avoidance HANGZHOU: US President Barack Obama said on Monday that the United States had to move in concert with other countries on the issue of tax avoidance, as some US allies were "racing to the bottom" with their tax policies.The European Commission said last week that Apple Inc owed up to 13 billion euros ($14.50 billion) in back taxes to Ireland, based on existing regulations, a decision that both Apple and Ireland, which relies on low taxes to attract investment, have vowed to fight.The ruling against Apple has pushed the issue into the limelight and raised the risk of significant push-back from the United States, where some lawmakers are saying it represents a European encroachment on the US potential tax base. Obama said he had raised tax avoidance with leaders from the world's 20 biggest economies at the G20 summit in the eastern Chinese city of Hangzhou, but did not mention ...

World - South East Asia

Seeking smoother summit, ASEAN to skirt mention of South China Sea ruling VIENTIANE: Southeast Asian leaders are set to avoid references to a recent arbitration ruling that undermined China's claims to the South China Sea, after omitting it from a joint statement at a summit this week over which Beijing's influence looms large. A draft communique of the Association of South East Asian Nations (ASEAN) seen by Reuters on Monday listed eight points related to the South China Sea, but made no mention of a high-profile July ...

World - South East Asia

Japan PM Abe calls for structural reforms to address steel overcapacity HANGZHOU: Japanese Prime Minister Shinzo Abe told the G20 summit on Monday that the issue of steel overcapacity should be addressed by pressing ahead with structural reforms based on market mechanisms, a senior Japanese government spokesman said."Regarding overcapacity of steel and others, market distortion by subsidies and export credit is the fundamental problem... I would like to urge structural reforms based on market mechanisms, while maintaining transparency," Abe was quoted by Japanese Deputy Chief Cabinet ...

World - South East Asia

Singapore confirms 27 more locally transmitted Zika cases SINGAPORE: Singapore authorities on Sunday confirmed 27 more cases of locally transmitted Zika virus infection, bringing the total to 242. Twenty-five new cases were linked to the initial outbreak area, one was linked to a potential new cluster and the remaining new case had no known links to any existing cluster, the Ministry of Health and National Environment Agency said in a joint statement. "There is a potential new cluster involving one previously reported case ...

World - South East Asia

US, Russia labour over Syria truce deal but battles rage on HANGZHOU: US President Barack Obama said on Sunday that the United States and Russia were struggling to reach a ceasefire agreement on Syria as the two sides planned to meet again on Monday. "We're not there yet," Obama told reporters after a meeting with British Prime Minister Theresa May on the sidelines of the G20 summit in the Chinese city of Hangzhou. "We have grave differences with the Russians in terms of both the parties ...

World - South East Asia

Japan typhoon death toll rises to 14 TOKYO: The death toll from a devastating typhoon in northern Japan rose to 14, officials said Friday, as another powerful storm approached the country's south.Two bodies were found separately near rivers on the island of Hokkaido, a police spokesman told AFP.On Thursday evening, police also found a body near a flooded river in the hard hit town of Iwaizumi in the northern part of Honshu island, public broadcaster NHK said.Typhoon Lionrock, which packed wind gusts ...

World - South East Asia

Uzbek leader Karimov in 'critical' condition MOSCOW: Strongman Uzbek leader Islam Karimov is in critical condition after his health worsened "sharply" days after he suffered a stroke, an official statement said Friday. "Dear compatriots, it is with a very heavy heart that we inform you that yesterday the condition of our president deteriorated sharply and, according to doctors, it is evaluated as critical," the statement posted on a government website said. The terse statement -- which was also reportedly published in ...