02082016Mon
Last update: Mon, 08 Feb 2016 07am

South East Asia

World - South East Asia

Wants new econ minister to continue structural reforms: Abe TOKYO: Japanese Prime Minister Shinzo Abe said on Thursday he wants the new economy minister, Nobuteru Ishihara, to continue the government's efforts to push through structural reforms."Abenomics is at a critical juncture. I'd like him to use his full capacity to pull Japan out of deflation and put its economy on a growth path," Abe told reporters.Abe said he asked Ishihara, a former ruling party executive, to succeed outgoing economy minister Akira Amari, who announced his resignation to take responsibility for a political funding scandal.Copyright Reuters, 2016 ...

World - South East Asia

Japan minister quits over graft claims in blow to PM TOKYO: Japan's economy minister resigned Thursday over a corruption scandal, dealing a blow to Prime Minister Shinzo Abe as he looks to build support for a massive trade deal and changes to the country's constitution.Akira Amari's surprise resignation comes a week after the veteran politician was hit by claims in a weekly magazine that he and his staff had improperly accepted a 12 million yen ($101,000) bribe from a construction firm.On Thursday, Amari -- the ...

World - South East Asia

Thai finance ministry trims 2016 GDP growth forecast to 3.7pc vs 3.8 pc BANGKOK: Thailand's economy is expected to grow 3.7 this year, according to the finance ministry, slightly down from its previous forecast of 3.8 percent, due to sluggish exports.Growth will be helped by government investment and economic stimulus, the ministry said in a statement on Thursday.The ministry predicts exports, a key driver of the economy, will grow just 0.1 percent this year, with a forecast range of a 0.4 percent fall and a 0.6 percent rise.The ...

World - South East Asia

Images suggest N. Korea may be preparing missile launch: report TOKYO: Satellite imagery analysis suggests North Korea may be preparing a long-range ballistic missile launch, Japan's Kyodo News reported Thursday, citing a Japanese government source.Imagery collected over the past several days suggested the launch from the western Dongchang-ri site could come in about a week, Kyodo said.While the report did not provide any details on the source of the analysis, Japan's key security ally the United States regularly monitors North Korea from space while Japan ...

World - South East Asia

Myanmar president hails 'triumph' of democratic transition NAYPYIDAW: President Thein Sein hailed the "triumph" of Myanmar's transition of power Thursday, addressing a military-dominated parliament for the final time before a handover to Aung San Suu Kyi's pro-democracy movement.The Southeast Asian nation, choked for decades under junta rule, is on the cusp of a remarkable political transition after Suu Kyi's National League for Democracy (NLD) thundered to victory in November elections. Myanmar's people are hoping her government can reboot a country eviscerated by ...

World - South East Asia

Suu Kyi's novice MPs learn ropes in outgoing Myanmar parliament YANGON: Hundreds of newly-elected Myanmar MPs from Aung San Suu Kyi's party took lessons in lawmaking from the outgoing army-dominated parliament Wednesday, days before taking their seats in the most democratic legislature for decades.A landslide victory for Suu Kyi's National League for Democracy (NLD) in November polls will give the politicians their first taste of power when the new parliament convenes on February 1, a historical turning point for a nation long stifled by military ...

World - South East Asia

Vietnam re-elects conservative party leader Trong HANOI: Vietnam's top communist leader Nguyen Phu Trong was re-elected Wednesday in a victory for the party's old guard which some fear could slow crucial economic reforms in the fast-growing country.Factional fighting overshadowed a week of closed-door talks at the five-yearly Communist Party Congress. But Trong, 72, retained his position while his rival -- reformist Prime Minister Nguyen Tan Dung -- was pushed from power.Dung remains prime minister but will step down later this year ...