Asia Pacific
LATEST NEWS FROM ASIA PACIFIC
Asia Pacific
South Korea to launch $3.5 bln chip fund, speed development of semiconductor hubs
South Korea will launch a 5 trillion won ($3.52 billion) semiconductor fund targeting promising chip materials, parts, equipment and fabless companies, a presidential official said...
Asia Pacific
Myanmar pushes back on ASEAN envoy and call to free Suu Kyi
Myanmar's military-backed government has pushed back against the regional ASEAN bloc's special envoy for the war-torn country, days after its leader made a landmark visit to Thail...
Asia Pacific
Indonesia nominates Destry Damayanti as sole candidate for central bank governor
Indonesia President Prabowo Subianto has nominated Destry Damayanti as the sole candidate to be the next central bank governor, a presidential spokesperson said on Monday.
Asia Pacific
Australian homicide investigation called off after 'body' turns out to be lifelike doll
Australian police have ended a homicide investigation that began with two members of the public on a Sunday drive finding a dumped suitcase on the side of the road in a remote t...
Asia Pacific
Gunman fires inside Thai government office as country reels from school shooting
A gunman was arrested after firing shots at a local government office on the outskirts of Thailand's capital on Monday, officials said, just days after a teenager's killing rampa...
Asia Pacific
Fire at Saudi factory kills 16 Bangladeshi migrant workers
A major fire at a sofa manufacturing factory in Riyadh, the Saudi capital, killed 16 Bangladeshi migrant workers, officials in Dhaka said on Monday.
Asia Pacific
Vietnam proposes 30% income tax cut for small firms, business households
Vietnam's government plans to seek parliamentary approval for a 30% cut in income taxes for small businesses and household businesses with annual revenue of up to 10 billion don...
Asia Pacific
Malaysia PM Anwar undergoing medical procedures, aide says
Malaysian Prime Minister Anwar Ibrahim is undergoing medical tests and procedures and was expected to be under observation for two days, his aide said on Monday.
Asia Pacific
Sony, TSMC to spend $6.3 billion to jointly make image sensors, Nikkei says
Sony Group and Taiwan's TSMC plan to spend around 1 trillion yen ($6.32 billion) to jointly make next-generation microchips used in image sensors, the Nikkei business daily said ...
Asia Pacific
Explainer: What is Unitree and why are China’s humanoid robot makers racing to list?
Chinese robot maker Unitree has priced its Shanghai initial public offering at 150.8 yuan per share, with subscriptions to start on Monday, as it seeks to raise 6.1 billion yuan ...
Asia Pacific
Japan posts first current account deficit in nearly 1-1/2 years
Japan recorded a current account deficit in June for the first time in 17 months, data from the finance ministry showed on Monday, as robust investment in domestic markets from o...
Asia Pacific
Dollar climbs from two-month trough as oil gains, inflation data eyed
The U.S. dollar inched higher from a two-month low against major currencies on Monday, as oil prices climbed due to a muddled Middle East outlook while investors awaited this week...
Asia Pacific
BOJ's debate on faster hikes bolsters September rate move odds
The Bank of Japan's case for a September rate hike strengthened after a growing chorus of policymakers argued for a more forceful response to mounting inflation risks, a summary ...
Asia Pacific
Treasury Wine announces $395 million charge tied to US supply chain revamp
Australia's Treasury Wine Estates said on Monday it expects to take an additional A$558.4 million ($394.5 million) post-tax charge in 2026 related to the write-down of U.S.-based...
Asia Pacific
Ukraine's Zelenskiy says up to 50,000 North Korean troops to be deployed in Russia
Ukrainian President Volodymyr Zelenskiy has said up to 50,000 North Korean soldiers will be deployed in Russia to fight for Pyongyang's ally, while calling on South Korea to provid...
Asia Pacific
Iran says Oman deal is in 'final stages' but US must act to open Hormuz
Iran and the U.S. are not engaged in talks and Tehran will not start them as long as Washington breaches an interim deal signed in June, Iran's foreign minister said.
Asia Pacific
Accused Thai school shooter had watched violent content online, police say
The Thai teen behind a deadly school shooting outside Bangkok had an air gun confiscated by a teacher last year and had watched violent content online, police said on Sunday, as t...
Asia Pacific
Australia probes near-miss collision of two planes on tarmac at Sydney airport
A Jetstar A320 and a Qatar Airways Boeing 777 narrowly avoided colliding on the tarmac at Sydney airport on Sunday, the Australian Transport Safety Bureau was told, it said, as i...
Asia Pacific