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Last update: Sun, 31 Jul 2016 06am

South East Asia

World - South East Asia

South Korea finance minister says Brexit effects likely to be prolonged SEOUL: South Korea's finance minister said on Sunday the effects of Britain's voting to leave the European Union would have a prolonged effect on global markets. "The effect from Brexit is expected to be prolonged, as this is unprecedented and the interests of many countries are involved in this issue," said Finance Minister Yoo Il-ho in opening remarks at a meeting to discuss the fallout from Brexit in Seoul. "As the negotiations regarding Brexit are dragged out, volatility in global markets may possibly last during that time." Copyright Reuters, 2016 ...

World - South East Asia

Debris in Tanzania to be examined for link to missing MH370: report KUALA LUMPUR: A new piece of debris found in Tanzania will be examined for a possible link to the missing Malaysia Airlines flight MH370, Malaysian state news agency Bernama cited the country's transport minister as saying on Saturday. "This debris is quite large... only if it is confirmed to be that of Boeing 777 will we send an investigation team there to study whether it really belonged to MH370 or not," Malaysian transport minister Liow ...

World - South East Asia

China says has stopped communication mechanism with Taiwan BEIJING: The Chinese government said on Saturday it had stopped a communication mechanism with Taiwan because of the refusal of the self-ruled island's new government to recognise the "one China" principle, in the latest show of tension between the two. China, which regards Taiwan as wayward province, is deeply suspicious of Taiwan President Tsai Ing-wen, who took office last month, as they suspect she will push for formal independence.Tsai, who heads the pro-independence Democratic Progressive ...

World - South East Asia

Singapore Finance Minister Heng discharged from hospital after recovery from stroke SINGAPORE: Singapore Finance Minister Heng Swee Keat, who suffered from a stroke last month, has been discharged from hospital but will remain on a medical leave, the government said. Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, Tharman Shanmugaratnam, will continue to cover Heng's duties, a statement from the prime minister's office said.Heng's doctors have advised him against receiving visitors for the time being to minimise the risk of infection, the statement ...

World - South East Asia

Climate protesters kayak to Australian PM's harbourside home SYDNEY: A group of kayakers paddled to a tiny beach outside the Australian prime minister's Sydney harbourside home on Saturday to call for action on climate change ahead of next weekend's election.Protester Joseph Sikulu said he felt that the issue had dropped off the agenda ahead of the July 2 polls in which conservative Prime Minister Malcolm Turnbull faces Labor's Bill Shorten."We just wanted to make sure that we could get it out... that climate ...

World - South East Asia

Indonesia says coal on hold for Philippines after 7 sailors abducted JAKARTA/MANILA: Indonesia said on Friday a halt on coal shipments to the Philippines will remain in place until Manila can secure its waters after seven Indonesian sailors were kidnapped, the latest in a string of abductions. Philippine authorities could not immediately confirm the hostage-taking but said a Filipino woman held since September was freed on Friday by Abu Sayyaf, an Islamist militant group that has amassed tens of millions of dollars from kidnappings for ransom. ...

World - South East Asia

Malaysia PM sacks former deputy from party, still considering cabinet reshuffle KUALA LUMPUR: Malaysian Prime Minister Najib Razak on Friday sacked his former deputy from the ruling party and said he needed more time to think about a cabinet reshuffle. Former deputy prime minister Muhyiddin Yassin was sacked from the United Malay National Organisation (UMNO), along with Mukhriz Mahathir, the son of former prime minister Mahathir Mohamad. Both have been tough critics of Najib, calling for his resignation following allegations of graft and mismanagement at scandal-hit ...