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Bangladeshi students, who ousted former PM Hasina, set to launch political party

DHAKA (Reuters) – Bangladeshi students, who were at the forefront of last year’s protests that ousted then Prime Minister Sheikh Hasina, are set to launch a political party this week, two sources with direct knowledge of the development said. The Students Against Discrimination (SAD) group spearheaded the protests that began as a student-led movement against …

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New Indonesia sovereign wealth fund to invest $20 billion in projects, president says

By Stefanno Sulaiman and Ananda Teresia JAKARTA (Reuters) – Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said on Monday, as he launched the country’s new sovereign wealth fund. At a lavish ceremony, Prabowo formally launched the Daya Anagata Nusantara Indonesia fund, …

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Philippine, Japan ministers agree to further enhance defence partnership

By Mikhail Flores MANILA (Reuters) – Japan and the Philippines agreed on Monday to further deepen defence ties in the face of an “increasingly severe” security environment in the Indo-Pacific region, Japanese defence minister Gen Nakatani said on Monday. Nakatani met his Philippine counterpart Gilberto Teodoro in Manila for a meeting in which the two …

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Russian official visits Indonesia and Malaysia to talk defence, Russian agencies report

(Reuters) – Russian Security Council Secretary Sergei Shoigu, an ally of President Vladimir Putin, has started a working visit to Indonesia and Malaysia on Monday to discuss security and defence issues, Russian news agencies reported. RIA state news agency cited the press office of the Security Council as saying the trip will last until February …

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Thai finance minister sees room for easing ahead of central bank rate review 

BANGKOK (Reuters) – Thailand’s low inflation means there is room for an interest rate cut to boost economic growth and help weaken the baht <THB=TH> to support exports, the finance minister said on Monday, ahead of a scheduled review of rates this week. Sixteen of 26 economists polled by Reuters predict the Bank of Thailand …

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Chinese aerospace executive expelled from Communist Party for graft

By Laurie Chen BEIJING (Reuters) – A former Chinese aerospace defence executive has been expelled from the ruling Communist Party for corruption, China’s anti-graft watchdog said on Monday, part of a sweeping anti-corruption purge across China’s military-industrial complex. The former chairman of Aviation Industry Corporation of China, Tan Ruisong, “lived off the military sector” and …

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Philippines says it shares Japan’s cause of opposing unilateral attempts to reshape global order

MANILA (Reuters) – The Philippines shares a common cause with Japan of opposing any unilateral attempt to reshape the global order, its defence minister said on Monday. Gilberto Teodoro was speaking alongside his visiting Japanese counterpart, Gen Nakatani, who said the regional security environment had becoming increasingly severe.  (Reporting by Mikhail Flores; Writing by Martin …

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N. Korea providing 50% of Russia’s ammunition, Ukraine says

KYIV (Reuters) -North Korea is providing 50% of Russia’s ammunition needs at the front in its war against Ukraine, Kyiv’s military spy chief Kyrylo Budanov said on Sunday. North Korea has deployed thousands of troops to support Russian forces, according to Ukrainian, U.S. and South Korean assessments, Pyongyang’s first major involvement in a war since …

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Russia signs memorandum to build port, oil refinery in Myanmar

MOSCOW (Reuters) – Myanmar and its close ally Russia signed a memorandum on investment cooperation in a special economic zone in Dawei, including construction of a port and an oil refinery, Russia’s Ministry of Economic Development said on Sunday. The document was signed by the head of the Russian ministry Maxim Reshetnikov and Myanmar’s Minister …

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