#Automotive

Singapore has launched a major initiative to breathe new life into its faltering stock market, but insiders at the exchange operator and market participants express deep skepticism about the chances of success, reports Bloomberg. In August, the city-state’s government announced a task force aimed at revitalizing the S$811 billion ($632 billion) market, which has lost […]

In a significant move to bolster its struggling economy, China’s central bank has unveiled a sweeping set of policy measures aimed at achieving the country’s annual growth target of about 5 per cent. The People’s Bank of China (PBOC) governor Pan Gongsheng announced a series of cuts, including lowering the amount of money banks must […]

Thailand has made history by becoming the first country in Southeast Asia to legalize same-sex marriage, following the royal endorsement of the Marriage Equality Bill. The landmark legislation, published in the Royal Gazette on Tuesday (September 24) evening, grants same-sex couples the same legal rights and protections as heterosexual couples. King Maha Vajiralongkorn approved the […]

Citigroup’s ambitions to expand its securities business in China have hit a snag due to regulatory penalties imposed by the US Federal Reserve, reports Bloomberg. The bank is facing delays in setting up a standalone securities firm as it awaits a clearance letter from the Fed, a requirement by Chinese authorities. The setback comes after […]

Sri Lankans elected leftist politician Anura Kumara Dissanayake as the new president in the debt-ridden country’s first election since its economy collapsed in 2022. The 55-year-old defeated his nearest rival, opposition leader Sajith Premadasa, to emerge as the clear winner after a historic second round of counting, which included second-preference votes, after no candidate won […]

Sri Lanka’s newly elected President Anura Kumara Dissanayake has taken a bold step by dissolving the nation’s parliament and calling for early elections, a move he frames as crucial for combating corruption and renegotiating the country’s $3 billion bailout from the International Monetary Fund (IMF). In a special gazette issued Tuesday, Dissanayake ordered parliamentary elections […]

China’s decision to raise the retirement age has triggered widespread dissatisfaction among workers, although major protests haven’t yet materialized, reports the South China Morning Post. The move, effective from January 1st, will gradually increase the retirement age for men to 63 and for women to 55 or 58, depending on their job type. This change […]

US Deputy Secretary of State Kurt Campbell stated that the challenges China poses to the US surpass those of the Cold War. He highlighted China’s support for Russia’s defence industry as a key concern, stating that it comes directly from China’s top leadership. “Frankly, the Cold War pales in comparison to the multifaceted challenges that […]

India and China are signalling a thaw in relations, with both sides expressing a keenness to move forward following recent diplomatic talks, reports the South China Morning Post. India’s External Affairs Minister S. Jaishankar has announced that 75% of India’s “disengagement problems” with China have been resolved. He also emphasized India’s openness to economic engagement […]

The United States has pledged an additional $202 million in aid to Bangladesh for its economic growth and development. This commitment was expressed by a U.S. delegation during their visit to Dhaka, reports Reuters. The delegation, led by Deputy Under Secretary of the Treasury Department Brent Neiman, is the first from the U.S. since the […]

Malaysia’s king, Sultan Ibrahim Iskandar, is planning to seek Chinese investment for a high-speed rail project linking Malaysia and Singapore, reports Bloomberg. He is currently on a four-day state visit to China, invited by President Xi Jinping. The project has been revived by Prime Minister Anwar Ibrahim’s government, with the condition that it won’t be […]

China’s security chief Chen Wenqing has called for a “resolute crackdown” on separatists in Tibetan areas, reports the South China Morning Post. He issued this call during a recent visit to the region amidst heightened security measures there ahead of China’s National Day on October 1. Maintaining stability and countering independence movements are the top […]

A labour strike in India has disrupted production at a Samsung plant, drawing attention to a politically backed workers’ group that quietly organized employees of the South Korean company. The Centre of Indian Trade Unions (CITU), backed by the Communist Party of India (Marxist), now aims to expand its influence within the country’s growing electronics […]

Millions of ambitious Chinese professionals have had their lives upended by President Xi Jinping’s decision to reshape the world’s second-largest economy, reports Bloomberg. Industries such as finance, consumer tech and property — key drivers of China’s growth for much of this century — are now out of favour. Instead, the most powerful Communist Party leader […]

The Taliban’s recent implementation of a strict public morality law has exposed deep divisions within the group’s leadership, raising concerns about the future stability of Afghanistan, according to Al Jazeera. The law, which includes bans on music and women speaking in public, has drawn widespread international condemnation and fuelled internal unease. It highlights the dominance […]