08292016Mon
Last update: Mon, 29 Aug 2016 01pm

South East Asia

World - South East Asia

Australia Post flags first annual loss in 30 years SYDNEY: Australia Post Monday forecast its first annual loss in more than 30 years and warned it would lose Aus$6.6 billion (US$5.2 billion) over the next decade without urgent regulatory reform.The government-owned company said its net profit fell 56 percent to Aus$98 million in the latter half of 2014 due to a slump in demand for letters.Like many postal services in developed countries, Australia Post has been struggling to cope as email replaces physical mail. Letter volumes dropped 8.2 percent in the second half of last year, the sharpest decline since they first started falling in 2008. Chief executive Ahmed Fahour said plunging profits from Australia Post's letter arm, which lost Aus$157 million over the period, were swallowing up profits from its competitive parcel business."We have been carefully managing the real decline in our letter volumes for the past seven years," he said. "But we have now reached a tipping ...

World - South East Asia

North Korea bars foreigners from marathon over Ebola fears SEOUL: North Korea has banned foreigners taking part in its annual international Pyongyang marathon in April because of continuing concerns over the spread of the deadly Ebola virus, specialist tour groups said Monday.China-based agencies, Koryo Tours and Young Pioneer Tours, both said they had been informed of the decision on Monday morning.North Korea, which has not registered a single suspected case of Ebola, closed its borders to foreign tourists back in October and imposed severe ...

World - South East Asia

Taiwan police arrest driver after crash at presidential office TAIPEI: Taiwan police arrested a man who crashed a sports utility vehicle into a security barrier outside the presidential office Monday, in the third similar incident in just over a year.The previous two crashes -- in January and November 2014 -- were a form of protest by the vehicle drivers.But the 39-year-old at the wheel of the black SUV said that Monday's crash, which left no one hurt, was an accident, with no political motive.However, ...

World - South East Asia

Japan calls for return of isles from South Korea TOKYO: Japan urged South Korea again Sunday to return disputed islets, one of the issues which have soured ties between the two US allies.Seoul controls the islands in the Sea of Japan (East Sea) which it calls Dokdo. They are known in Japan as Takeshima.The Shimane prefectural government in southwest Japan held its annual convention Sunday, after enacting a local ordinance in 2005 which designated February 22 as "Takeshima Day".Yohei Matsumoto, parliamentary vice minister in ...

World - South East Asia

Singapore's first prime minister hospitalised with pneumonia SINGAPORE: Singapore's first prime minister and the man widely credited with the city state's economic success, Lee Kuan Yew, is in hospital with severe pneumonia."His condition has stabilised and he remains on mechanical ventilation in the ICU (intensive care unit). He is conscious and lightly sedated," the prime minister's office said in a statement on Saturday.Lee, who turned 91 last September, was admitted on Feb. 5, the office said.Although Lee has receded from the public ...

World - South East Asia

Flood warnings, clean-up as Australia recovers from twin cyclones ROCKHAMPTON: Australia was Saturday assessing the damage from two severe cyclones that left a trail of destruction, wrecking hundreds of homes and cutting electricity to thousands as authorities warned of more flooding and gusty winds.Tropical Cyclone Marcia barrelled through the northeastern state of Queensland Friday at the highest-rated category five, ripping apart houses, uprooting trees and bringing down power lines.The severe system hit hours after category four Tropical Cyclone Lam slammed into the Northern Territory, ...

World - South East Asia

Thai military officer killed in F-16 jet crash: official BANGKOK: A Thai military officer was killed Friday when his F-16 fighter jet crashed during a training exercise in a central province, an official said.The plane crashed at around 3 pm (0800 GMT) in Khok Samrong district of central Lopburi province."The pilot could not eject himself out of the plane in time," Lopburi governor Thanakom Chongchira told AFP by telephone.The cause of the crash, which took place near an airforce training centre, is under investigation.In ...