Straits Herald August 21, 2019

by Anne BEADE / AFP Once a pioneer in cashless transactions, Japan is now lagging behind as the world’s biggest economies increasingly embrace electronic payments — because its ageing population still prefers physical money. Four out of five purchases are still made with cash in Japan, despite its reputation as a futuristic and innovative nation. […]

Straits Herald August 21, 2019

US President Donald Trump has confirmed he is keen to buy Greenland, an autonomous Danish territory rich in natural resources and of increasing geopolitical relevance as the Arctic ice sheet melts.  But Denmark, a NATO ally, swiftly retorted that the island, located between the North Atlantic and Arctic oceans, is not for sale, prompting Trump […]

Straits Herald August 20, 2019

An Airbus A220-300 flight test aircraft will visit six Asian destinations as part of a demonstration tour across the region. After a stopover at Seoul’s Incheon Airport the aircraft heads to Yangon (Myanmar), the first location of the demonstration tour. The aircraft will then visit Hanoi (Vietnam), Bangkok (Thailand) and Kuala Lumpur (Malaysia) before heading north to […]

Straits Herald August 18, 2019

Time is running out for Jakarta.  One of the fastest-sinking cities on earth, environmental experts warn that one third of it could be submerged by 2050 if current rates continue. Decades of uncontrolled and excessive depletion of groundwater reserves, rising sea-levels, and increasingly volatile weather patterns mean swathes of it have already started to disappear. […]

Straits Herald August 18, 2019

by Jerome TAYLOR / AFP Hong Kong democracy activists are hoping to get out a huge crowd later Sunday in a bid to show the city’s leaders that their protest movement remains defiant despite increasingly stark warnings from Beijing. Ten weeks of demonstrations have plunged the international finance hub into crisis and communist-ruled mainland China […]

Straits Herald August 17, 2019

AirAsia announced a leadership reorganisation in support of its transformation into a travel and financial platform company and to build airasia.com into a lifestyle brand. AirAsia Group Berhad CEO Tony Fernandes appointed as CEO of airasia.com AirAsia Group Berhad Deputy CEO (Airlines) Bo Lingam will continue to lead the airline business as AirAsia Group Berhad […]

Straits Herald August 16, 2019

Thailand will pour more than $10 billion into the economy, the finance ministry said Friday, as a new government looks to kickstart sputtering growth after five years of junta rule. The once-vibrant Southeast Asian economy sagged after a 2014 coup and growth slowed to 2.8 percent in the first quarter of this year, the first […]

Straits Herald August 16, 2019

The Malaysian economy grew by 4.9% in the second quarter of 2019 The economy recorded a stronger growth of 4.9% in the second quarter (1Q 2019: 4.5%), supported by higher household spending and private investment. On the supply side, the mining sector rebounded, driven mainly by the recovery in natural gas output. Growth in the manufacturing […]

Straits Herald August 16, 2019

Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 percent […]

Straits Herald August 16, 2019

A Singaporean firm was charged Thursday with supplying large amounts of alcohol to North Korea in violation of UN sanctions, the latest case of illicit trade between the countries. SINSMS Pte Ltd, an affiliate of a Chinese company, illicitly shipped wines and spirits worth about Sg$665,000 ($480,000) to the North four times in 2016 and […]

Straits Herald August 16, 2019

Malaysia on Thursday renewed the operating licence of a controversial Australian-run rare earths plant for six months despite concerns from green groups about the impact of radioactive waste it produces. Lynas hopes its plant, which has processed rare earths from Australia since 2012, can reduce Chinese dominance in the market for the materials. Rare earth […]

Straits Herald August 16, 2019

China’s economy has grown to dwarf Hong Kong’s since 1997, but the mainland remains deeply dependent on the crisis-stricken city as its primary economic gateway to the world. The global financial hub has been shaken by 10 weeks of pro-democracy protests which could have an impact worse than the 2008 global economic crisis, Hong Kong […]

Straits Herald August 16, 2019

Joseph Tsai, co-founder of Chinese e-commerce giant Alibaba, has made a deal to purchase full control of the NBA’s Brooklyn Nets from Russian businessman Mikhail Prokhorov, the club announced Friday. The Nets said Prokhorov has made an agreement with the Taiwanese-Canadian businessman to sell the Barclays Center arena and his 51 percent controling interest in […]

Straits Herald August 16, 2019

Twitter users will be able to follow a small number of interests by the end of the year in the same way they follow people, the company said Tuesday. The feature will be rolled out internationally as the one-to-many messaging platform prioritizes being an online venue for conversations rather than a pulpit for one-way broadcasting […]

Straits Herald August 16, 2019

Cathay Pacific announced the shock resignation on Friday of its CEO Rupert Hogg, compounding a torrid week for the Hong Kong carrier after it was excoriated by Beijing because some staff supported pro-democracy protests. The 72-year-old airline has been left reeling after it became ensnared in the hardening of rhetoric from the communist mainland over […]

Straits Herald August 15, 2019

South Africa on Thursday announced visa waivers for four countries in a bid to boost tourism amid an economic crisis and falling visitor numbers. Visitors from Qatar, Saudi Arabia, United Arab Emirates and New Zealand will no longer require a visa to visit for holiday, conferencing and business purposes, Home Affairs Minister Dr Aaron Motsoaledi […]

Straits Herald August 10, 2019

Bangkok’s famed culinary powerhouse Gaggan will close its doors by the end of this month, its manager said Thursday, bringing a sudden end to the recently crowned fourth best restaurant in the world.  The two-Michelin-starred restaurant, helmed by Gaggan Anand, has excited food lovers with its “progressive Indian cuisine” and molecular gastronomical creations since its […]