China gives government workers first big pay bump in a decade to boost economy

The last time China publicly announced a nationwide increase in pay for civil servants was in 2015, when the government raised pay for local officials by more than 30% as part of an effort to combat corruption and lift consumers’ spending power. Millions of government workers across China were given surprise wage increases this week, […]

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India’s forex reserves drop to eight-month low amid rupee pressure

The reserves declined by $4.1 billion in the reported week, after falling by a cumulative $13.7 billion in the prior three weeks. India’s foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday. […]

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South Korean presidential guards prevent arrest of impeached Yoon after tense stand-off

Yoon is under criminal investigation for insurrection over his Dec. 3 martial law bid that stunned South Korea and led to the first arrest warrant to be issued for a sitting president. South Korea’s presidential guards and military troops prevented authorities from arresting impeached President Yoon Suk Yeol on Friday in a tense six-hour stand-off […]

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Beijing slams US over potential Chinese drone ban

China said on Friday it would take “all necessary measures” in response to the United States announcing it was considering restrictions on commercial Chinese drones for national security reasons. On Thursday, the United States Commerce Department said it was considering new rules to address risks posed by drones made with technology from foreign adversaries such […]

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India aims to strengthen economic ties with US, engage with Trump administration

India is looking forward to strengthening its economic relationship with the United States by engaging with the incoming Trump administration, India’s trade minister Piyush Goyal told reporters in New Delhi on Friday. “We are looking forward to a very deep and substantive engagement with the new US administration,” the trade minister said, noting that under […]

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Malaysia detains 196 Rohingya migrants from Myanmar

Malaysian police on Friday detained almost 200 migrants “believed to be Rohingya” from Myanmar after their boat ran aground on the northern resort island of Langkawi. The group comprises 68 men, 57 women, 32 boys and 39 girls, police said. “All detainees are believed to be from the Rohingya ethnic group, who are believed to […]

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How effective was India’s ‘Neighborhood First’ policy in 2024?

In the year that just ended, 2024, most of India’s neighboring countries went through political upheavals. There were also incidents in some countries, which led to tensions in the bilateral relations between those countries and India. From Bangladesh to Maldives, India has faced problems in several places. On the other hand, progress has also been […]

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What India is saying about Sheikh Hasina’s extradition and Bangladesh’s purchase of ‘light tanks’

India has nothing new to say at this time regarding Bangladesh’s request to return ousted Prime Minister Sheikh Hasina, said Randhir Jaiswal, spokesperson for the country’s Ministry of External Affairs. At the regular weekly briefing at the Ministry of External Affairs in Delhi on Friday afternoon, he also made it clear that the Indian government […]

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Bangladesh Govt to procure 1.10cr litres edible oil, 1 lakh tonnes fertiliser

The approval came from this year’s 1st meeting of Advisers Council Committee on Government Purchase. The government today (2 January) approved separate proposals for procuring 1.10 crore litres of edible oil, 1,00,000 tonnes of fertiliser and 10,000 tonnes of lentil to meet the growing demand of the country. The approval came from this year’s 1st […]

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Singapore port sets new record with over 40M TEUs in 2024

Singapore port set a new cargo-handling record of over 40 million twenty-foot equivalent units (TEUs) in 2024, surpassing its 2023 record of 38.8 million TEUs. The new annual throughput record was achieved last December 24, underscoring the port’s consistent “growth and operational excellence,” operator PSA Singapore said in a statement. As the world’s largest transshipment hub, […]

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