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Philippines, US to hold military drills in islands facing South China Sea, Taiwan

MANILA (Reuters) – The Philippines and the United States will carry out annual military exercises next month in key locations including Philippine islands facing the South China Sea and Taiwan, as tensions with China in the region continue to simmer. The exercises, called Balikatan or “shoulder-to-shoulder”, will move away from sprawling military camps in the …

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US Navy says USS John Finn conducted routine south-to-north Taiwan Strait transit

BEIJING (Reuters) – The Arleigh-Burke guided missile class destroyer USS John Finn conducted a routine south-to-north Taiwan Strait transit on March 5, the U.S. Navy said in a statement on Tuesday. The transit occurred through a corridor in the Taiwan Strait that is beyond any coastal state’s territorial seas, according to the statement. (Reporting by …

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Indonesia’s presumed president Prabowo vows smooth transition, pushes privatisation

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s presumed president Prabowo Subianto on Tuesday promised a “very smooth” transfer of power later this year and opened the door to privatising state-run firms while maintaining government control of key economic sectors. Speaking at an investment forum, Prabowo, who unofficial vote counts show won the …

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China’s Li vows more support for property market stuck in the doldrums

By Liangping Gao and Ryan Woo BEIJING (Reuters) – China will try to stabilise a property sector with targeted measures while providing financing to “justified” projects, Premier Li Qiang said on Tuesday, as Beijing looks to resolve a glut of unfinished properties that have worried homebuyers. The policy message in Li’s annual report to China’s …

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Indonesia’s GDP may grow more than 5.1% in 2024, central bank governor says

JAKARTA (Reuters) – Indonesia’s economy may grow more than 5.1% this year from the year before with the presidential election wrapped in one round in February, its central bank governor, Perry Warjiyo, said on Tuesday. In remarks made at an investment forum, he said growth will come from exports, domestic consumption and investment. He also …

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Vietnamese capital Hanoi tops list of most polluted cities

HANOI (Reuters) – The streets of Vietnam’s capital city Hanoi were enveloped in thick smog on Monday which dramatically reduced visibility due to air pollution caused by high levels of particulates from vehicle emissions and construction-linked fine dust. Levels of hazardous small particles known as PM2.5 in the air in Hanoi were at 187 micrograms …

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