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Thai police say 18 arrested as alleged pyramid scheme losses near $50 million

By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thai police have arrested 18 people and seized luxury goods after receiving nearly 5,600 complaints about an alleged pyramid scheme, saying on Monday they estimate investors have lost at least 1.61 billion baht ($48 million). The Central Investigation Bureau (CIB) said it had seized assets worth …

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Taiwan appoints presidential advisor as APEC summit representative

TAIPEI (Reuters) -Taiwan’s presidential office said on Monday it had appointed a senior advisor to President Lai Ching-te as its envoy to this year’s APEC summit in Peru, one of the few international forums both Taiwan and China take part it. Lin Hsin-i, chairman of government-backed investment fund Taiwania Capital and also a former economy …

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Indonesia’s Prabowo swears in cabinet of over 100 ministers, deputies

By Stefanno Sulaiman and Stanley Widianto JAKARTA (Reuters) – Indonesia’s newly minted leader, President Prabowo Subianto, officially swore in his cabinet on Monday, a team that analysts said reflected continuity of his predecessor’s main policies. Prabowo took office on Sunday as the eighth Indonesian president, taking the mantle from Joko “Jokowi” Widodo. In a fiery …

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Magnitude 5.7 earthquake strikes Halmahera Sea in Indonesia, GFZ reports

(Reuters) – An earthquake measuring 5.7 magnitude struck Halmahera Sea in Indonesia on Monday, the German Research Centre for Geosciences (GFZ) said. The quake was at a depth of 10 kilometers (6.21 miles) GFZ said. (Reporting by Bipasha Dey in Bengaluru; Editing by Jacqueline Wong)

Key ministers of Indonesia’s President Prabowo

JAKARTA (Reuters) -Indonesian President Prabowo Subianto’s new cabinet consists of a mix of professional and political appointees with some names remaining on the job after serving for Prabowo’s predecessor, Joko Widodo.  Below are short biographies of the key ministers: SRI MULYANI INDRAWATI, FINANCE MINISTER  Indonesia’s first woman finance minister, Sri Mulyani, 62, is already one …

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Malaysia says advance estimates show Q3 growth at 5.3% y/y

KUALA LUMPUR (Reuters) – Malaysia’s economy likely grew 5.3% in the third quarter from a year earlier, slower than the previous three-month period, official advance estimates showed on Monday. In the second quarter, gross domestic product had expanded by an annual 5.9%, its fastest rate in 18 months, on higher household spending, exports and investment.  …

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Indonesia’s Prabowo plans military academy retreat for new cabinet

By Ananda Teresia and Stanley Widianto JAKARTA (Reuters) – Indonesia’s new President Prabowo Subianto will take his cabinet members on a three-day retreat at a military academy nestled in a Javanese mountain range, where they will sleep in tents, an unusual start for a government in the Southeast Asian country. Former special force commander Prabowo …

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Ukraine’s Zelenskiy seeks strong reaction to North Korean involvement in war

(Reuters) – President Volodymyr Zelenskiy said on Sunday he was seeking a strong reaction from countries who have acknowledged that North Korea is becoming more involved in Russia’s more than 2-1/2-year-old war against Ukraine. Speaking in his nightly video address, Zelenskiy said there was ample satellite and video evidence that North Korea was sending not …

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Prabowo takes up Indonesian presidency, vows to tackle corruption, other issues

By Ananda Teresia and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s Prabowo Subianto on Sunday took over as president of the world’s third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient. The 73-year-old has undergone a remarkable transformation, from being a former military commander facing unproven …

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