Vivian Balakrishnan, Singapore's minister for foreign affairs, said Covid-19 is "permanent" and subsequent waves of infections will be a normal occurrence in the coming years. The minister also warned that
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China urges 'basic manners' after Philippine foreign secretary slams Beijing in blunt tweet
Chinese Foreign Ministry Spokesman Wang Wenbin in a Tuesday statement urged the Philippines for "basic manners" and cautioned against "megaphone diplomacy." Philippine Secretary of Foreign Affairs Teodoro Locsin Jr. tweeted
Continue reading »IMF warns of a weaker economic recovery in Southeast Asia as Covid restrictions linger
The International Monetary Fund expects Indonesia, Malaysia, the Philippines, Thailand and Vietnam to collectively grow by 4.9% in 2021, down from its previous projection of 5.2%. The downgrade came even
Continue reading »Japan stocks set to rise as major markets in Asia-Pacific are closed for holidays
Futures pointed to a higher open for Japanese stocks. Markets in Australia, mainland China and Hong Kong are closed on Monday for holidays. In this article .NKXQ SINGAPORE — Shares
Continue reading »Asia’s worst stock market last year is now one of the region’s top performers
Singapore's benchmark Straits Times Index has climbed around 12.2% so far this year to become one of Asia's top performers. The STI ended 2020 as the worst performer in Asia
Continue reading »European markets mostly higher; Credit Suisse slides 13%
The giant container ship blocking the Suez Canal, the Ever Given, is said to have been refloated and is being secured. Credit Suisse plunged 13% after warning of a "highly significant"
Continue reading »Escalating EU-China tensions could jeopardize new investment deal
Worsening tensions between the European Union and China could jeopardize an investment deal that the two sides recently negotiated. The EU imposed sanctions against China for human rights abuses in
Continue reading »European markets head for lower open, in retreat mode after Monday's rally
European stocks are expected to open in negative territory on Tuesday, retreating from gains made in the previous trading session. London's FTSE is seen opening 21 points lower at 6,558,
Continue reading »European markets head for mixed open as investors monitor rising U.S. Treasury yields
European stocks are expected to open in mixed territory Wednesday as investors monitor rising bond yields. London's FTSE is expected to open 10 points higher at 6,756, Germany's DAX down
Continue reading »Southeast Asia would choose the U.S. over China if forced to pick sides, survey shows
An annual survey by ISEAS Yusof-Ishak Institute found that 61.5% of respondents in Southeast Asia favor aligning with the U.S. over China if the region was forced to pick sides.
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