The two SH-60 patrol helicopters were conducting anti-submarine exercises on Saturday night near Torishima in the remote Izu island group, off the southern coast of central Japan Two Japanese navy helicopters crashed into the sea during a training exercise, killing at least one of the eight crew members on board, the defence minister said on […]
Read MoreNorth Korea announced on Saturday the successful testing of a “super-large” cruise missile warhead and a new anti-aircraft missile in a western coastal area, signaling the nation’s continued efforts to bolster its military capabilities amidst heightened tensions with the United States and South Korea. According to North Korean state media, the missile administration conducted a […]
Read MoreTensions flared once again near the Thai-Myanmar border as clashes erupted between the Myanmar junta and armed ethnic groups in proximity to a key trade hub, both an armed group spokesperson and the Thai army confirmed on Saturday. This resurgence of violence comes after a period of relative calm, signaling the persistent volatility in […]
Read MoreThe six-month exodus of foreign capital from China’s US$9 trillion stock market appears to have petered out, as some foreign investors voted with their feet in response to securities regulator head Wu Qing’s push to instil market discipline. It remains to be seen whether this conviction is deeply entrenched among domestic and foreign investors. Since […]
Read MoreEfforts to navigate Sri Lanka’s complex debt crisis hit a stumbling block on Tuesday as the government rejected a proposal put forth by international bondholders to restructure over $12 billion in debt. The decision not only jeopardizes crucial International Monetary Fund (IMF) support but also prolongs the island nation’s struggle to resolve a two-year-long […]
Read MoreIn a bid to secure lasting macroeconomic stability and enact crucial structural reforms, Pakistan is gearing up for negotiations with the International Monetary Fund (IMF) to outline the terms of a new loan agreement, Finance Minister Muhammad Aurangzeb revealed to Reuters. With the current $3.0 billion IMF arrangement set to expire in late April, Pakistan […]
Read MoreIn a stark warning reminiscent of a “slow motion train accident,” Jens Eskelund, President of the European Chamber in China, sounded the alarm on Wednesday about the escalating tensions between China and Europe. Addressing concerns at a gathering in Guangzhou, Eskelund emphasized the urgent need for increased dialogue between European and Chinese leaders to prevent […]
Read MoreHong Kong’s accounting watchdog said it will investigate accounting firm PwC for alleged auditing fraud related to bankrupt Chinese developer China Evergrande Group, adding that it would not hesitate to take enforcement action. The Accounting and Financial Reporting Council (AFRC) said in a statement on Friday that it had taken note of the whistleblower’s allegations […]
Read MoreLaw and Home Affairs Minister K Shanmugam on Friday criticised a commentary by British publication The Economist, which he said could not “resist sneering” at Singapore’s political leadership handover. The weekly newspaper’s commentary, published on Thursday, noted that Singapore has had “only” three leaders in its 59 years, and that the next prime minister Lawrence […]
Read MoreNorth Korea has conducted a test on a “super-large warhead” designed for a strategic cruise missile, state media reports, adding that it also launched a new type of anti-aircraft missile. “The DPRK Missile Administration has conducted a power test of a super-large warhead designed for ‘Hwasal-1 Ra-3’ strategic cruise missile”, KCNA news agency reported on […]
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