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The Bank of Korea has raised its inflation estimates and plans to examine its large step hikes

By Desk Writer
June 21, 2022
in :  Economy, South Korea
The Bank of Korea has raised its inflation estimates and plans to examine its large step hikes

SEOUL: On Tuesday, South Korea’s central bank said it expected inflation to be higher than previously forecasted, and that it will examine debt repayment difficulties closely to determine whether a half-percentage-point interest rate hike in July is reasonable. The Bank of Korea, which recently raised its 2022 annual average inflation projection to 4.5 percent from 4.7 percent, said it did …

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A 6.0 magnitude earthquake shook Taiwan, no apparent damage has been reported

By Jasmine C.
June 20, 2022
in :  Taiwan
A 6.0 magnitude earthquake shook Taiwan, no apparent damage has been reported

TAIWAN: Buildings in Taipei trembled briefly on June 20 after a 6.0 magnitude earthquake struck Taiwan’s eastern coast, but no damage was reported. According to the meteorology office, the quake had a depth of 6.8 kilometres and its epicentre was in Hualien county, a remote area of the island. Related PostsA Call  To Address The Climate ChangeIndonesia Continues To Be …

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China names a new leader for Hong Kong’s cabinet

By Katherine S
June 20, 2022
in :  China, Geo Politics
China names a new leader for Hong Kong's cabinet

HONG KONG: On Sunday, China presented new senior officials in Hong Kong under incoming leader John Lee, who promised to push the global financial hub to new heights while dismissing worries about US sanctions against him. Finance Secretary Paul Chan, who is not subject to US sanctions, will keep his job in the Chinese-ruled region, providing comfort to the banking …

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TO1 announces comeback, introduces new members

By Rianne Motas
June 18, 2022
in :  ASEAN News, Entertainment, South Korea
TO1 announces comeback, introduces new members

SOUTH KOREA: WAKEONE Entertainment stated on June 17 that TO1 will release an album in July, following the band’s temporary break in May. Min-su, Jerome, and Woong-gi will depart the band, and three new members will join TO1. According to a Soompi report, TO1’s agency said in a translated official statement, they were open to all directions and tried to …

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BTS’ downtime has left fans in tears and investors fuming

By Rianne Motas
June 18, 2022
in :  ASEAN News, Entertainment, South Korea
BTS' downtime has left fans in tears and investors fuming

SOUTH KOREA: Last Wednesday, June 15, K-pop pioneers BTS were met with tears and sympathy from fans, but fury from shareholders in their management firm, a day after the band declared a hiatus from group musical activities to pursue solo projects, citing weariness as the reason. Many in South Korea were shocked and disappointed by the news, which sparked doubt …

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Cambodian court imprisons an American lawyer and dozens of others for treason

By Rianne Motas
June 18, 2022
in :  ASEAN News, Criminal, Geo Politics
Cambodian court imprisons an American lawyer and dozens of others for treason

CAMBODIA: In a major trial denounced by the United States and rights groups as politically motivated, a Cambodian court sentenced roughly 60 opposition activists to prison on, including famed lawyer Theary Seng, for planning to commit treason. More than 100 members of the defunct Cambodia National Rescue Party (CNRP) were charged with treason and incitement, including Theary Seng, a Cambodian-American …

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Japan has made “online insults” punishable by a year in prison

By Rianne Motas
June 18, 2022
in :  ASEAN News, Japan
japan has made online insults punishable by a year in prison

JAPAN: Following the suicide of a reality show star who had experienced social media bullying, Japan’s parliament passed legislation making “online insults” punishable by imprisonment on Monday. Offenders convicted of internet insults face up to a year in prison or a fine of 300,000 yen (about $2,200) under a modification to the country’s penal code slated to take effect later …

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‘Top Gun: Maverick’ puts back the Taiwan flag

By Rianne Motas
June 17, 2022
in :  ASEAN News, Business, Geo Politics, Taiwan
‘Top Gun: Maverick’ puts back the Taiwan flag

TAIWAN: The box office smash — which is by far Tom Cruise’s most successful commercial debut — now incorporates the flag on his iconic bomber jacket, including in the Taiwanese edition. The film’s teaser from 2019 initially suggested otherwise. During the preview, the patches on Cruise’s jacket looked to have been swapped out and replaced with two unclear symbols in …

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“He was insane”: Elderly man with Alzheimer’s killed his granddaughter

By Rianne Motas
June 17, 2022
in :  ASEAN News, Criminal, Japan
“He was insane”: Elderly man with Alzheimer's killed his granddaughter

JAPAN: It all began with a family squabble and ended in tragedy when a small girl was stabbed to death by her elderly grandfather in a case that shocked the country. The 88-year-old, Susumu Tomizawa, admitted to killing his 16-year-old granddaughter, Tomomi, two years ago, but said that he doesn’t remember it happening.  Tomizawa has Alzheimer’s disease, a neurological condition …

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Drink less tea to alleviate country’s economic struggle, Pakistanis are told

By Rianne Motas
June 17, 2022
in :  ASEAN News, Business, Economy
Drink less tea to alleviate country’s economic struggle, Pakistanis are told

PAKISTAN: As the world’s top tea importer grapples with surging inflation and a rapidly declining currency, Pakistanis have been advised to consume less tea to keep the economy afloat. Pakistan’s Federal Minister for Planning and Development, Ahsan Iqbal, told reporters on Tuesday that Pakistanis might cut their tea consumption by “one or two cups” each day because imports are straining …

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