Singaporeans must guard against 'sea blindness': Chief of Navy

SINGAPORE – Singapore having access to the sea is akin to residents in a Housing Board flat enjoying free and shared use of the common corridor, said Chief of Navy, Rear-Admiral Lew Chuen Hong on Monday (Nov 11). But Singaporeans have grown increasingly oblivious to the sea’s importance, with the easy availability of goods in Singapore and the shift of […]

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China to tighten liquidity risk management on smaller banks: regulator

BEIJING (Reuters) – China’s banking and insurance regulator said on Tuesday it will tighten liquidity management for the country’s smaller banks and offer cross-region liquidity support for rural commercial banks if needed. A run on Yingkou Coastal Bank in the northeastern Liaoning province, China’s second bank run in less than two weeks, has revived worries about the health of the […]

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Philippine Guerrillas Kill at Least 6 Soldiers in Bombing

MANILA — Six Philippine soldiers were killed and 23 others wounded, the military said on Tuesday, when a platoon checking on reports of an infiltration by communist rebels stepped on improvised bombs as they negotiated hilly terrain. The troops had been sent in on Monday after civilians had complained of harassment by guerrillas with the New People’s Army outside Borongan […]

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EU Commission to propose bank capital reform by June: Dombrovskis

BRUSSELS (Reuters) – The European Commission could propose new rules on bank capital in the European Union by June, to introduce a reform that was agreed globally nearly two years ago, the EU finance commissioner said on Tuesday. Under the new rules agreed with the United States, and known as Basel III, an “output floor” would limit the extent to […]

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Afghans announce Taliban prisoner-hostage swap

Afghanistan is to release three high-ranking Taliban prisoners in exchange for two hostages held by the group, Afghan President Ashraf Ghani has said. The two hostages, a US citizen and an Australian, were lecturers at the American University of Afghanistan in Kabul when they were kidnapped in 2016. Anas Haqqani, a leading figure in the Haqqani militant group, and two […]

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Asia's 'mini Chinas' struggle to capitalise on the US trade war

HONG KONG/BEIJING (BLOOMBERG) – The US-China trade war reignited the debate over which developing countries in Asia could take over the mantle of the world’s workshop. The front-runners? India and Indonesia. A report published Tuesday (Nov 12) by Bloomberg Economics shows that no one nation is able to reproduce the kind of success China enjoyed in transforming its economy. Instead, […]

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