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June 7, 2021

ASEAN

Asia shares hesitate, China imports underpin resources

Reuters
Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers. Data out of Beijing showed China’s imports grew at their fastest pace in......

Thailand starts long awaited COVID-19 vaccination drive

Reuters
Thailand kicked off a long-awaited mass vaccination campaign on Monday as the country battles its third and worst wave of the coronavirus epidemic. The government aims to administer 6 million doses this month, hoping to ease worries over the highly anticipated roll-out and concerns about supply shortages. “The government will......

Thailand concerned at Myanmar violence

Reuters
Thick columns of black smoke are seen from Hkamti, Sagaing, Myanmar May 22, 2021 in this picture obtained from social media. News Anassador via REUTERS Thailand is concerned at the violence in many parts of Myanmar and wants to see the implementation of steps agreed by Southeast Asian leaders with......

Elephants escape Myanmar mud pit to cheers from villagers who helped

Reuters
Four wild elephants made their way out of the mud pit in Myanmar where they had been trapped on Friday, urged on by the villagers who dug them an escape route. The villagers in the western Rakhine State usually avoid elephants when they come across them in the forest, but......

Japan eyes sending coronavirus vaccines to Vietnam – NHK

Reuters
Health workers wait for their turn as Vietnam starts its official rollout of AstraZeneca’s coronavirus disease (COVID-19) vaccine for health workers, at Hai Duong Hospital for Tropical Diseases, Hai Duong province, Vietnam, March 8, 2021. REUTERS/Thanh Hue Japan is considering sending coronavirus vaccine doses to Vietnam, NHK public television reported......

Global equities nearly grasp all-time record, dollar drops after U.S. jobs data

Reuters
Global stocks rallied on Friday and closed near all-time highs, and oil and gold rose while the dollar dropped after U.S. jobs data was strong but not as robust as expected, easing investor worries that the Federal Reserve would soon rein in monetary stimulus. U.S. employers increased hiring in May......

EU, ASEAN conclude landmark air transport agreement

Reuters
Malaysia Airlines and Singapore Airlines planes are pictured at Changi Airport in Singapore, July 5, 2019. REUTERS/Lim Huey Teng/File Photo The Association of Southeast Asian Nations (ASEAN) and the European Union have concluded the world’s first bloc-to-bloc air transport agreement, ASEAN said, to allow their airlines to easier expand services to and......

Asia tracks Wall St lower as U.S. inflation bets perk up

Reuters
Asian stocks followed Wall Street lower on Friday as signs of a strengthening U.S. recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus. U.S. Treasury yields jumped, lifting the dollar and hurting tech shares, after better-than-expected employment data overnight raised expectations for a strong reading......

Malaysia grants conditional approval for Thai-made AstraZeneca vaccine

Reuters
A vial labelled with the AstraZeneca coronavirus disease (COVID-19) vaccine is seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic/Illustration Malaysian health authorities said on Friday conditional approval had been granted for AstraZeneca’s COVID-19 vaccine manufactured by Siam Bioscience Co in Thailand. Health Ministry director-general, Noor Hisham Abdullah,......

Vietnam approves China’s Sinopharm vaccine for use against COVID-19

Reuters
A nurse holds a box of the coronavirus disease (COVID-19) vaccine made by the Beijing Institute of Biological Products, a unit of Sinopharm subsidiary China National Biotec Group (CNBG), at a vaccination center during a government-organized visit, in Beijing, China, April 15, 2021. REUTERS/Thomas Peter Vietnam has approved China’s Sinopharm......

Asia shares off 3-month highs, caution ahead of U.S. payrolls

Reuters
Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose to near 1-1/2 year highs. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.3% to 711......

From Nigeria to Brazil ‘halo’ crops reap pandemic profits

Reuters
In a flowing cream hijab, Karima M. Imam walks through her fields in scrubland in northern Nigeria as workers harvest a gnarled brown root that has turned gold since COVID struck: ginger. “If I had the capital, I’d plant more. People are looking for ginger now, and there is not......

GLOBAL ECONOMY Factory activity racing but supply squeeze dims outlook

Reuters
Factory activity powered ahead in Europe last month and stayed strong in Asia as demand grew, surveys showed, but rising raw material costs and supply bottlenecks posed a headache for business and weighed on the recovery in export-driven economies. European manufacturers ramped up activity at the fastest monthly pace in......

AFC moves World Cup qualifiers to UAE from China

Reuters
The Asian Football Confederation (AFC) said it has moved Group A matches in the region’s 2022 World Cup preliminaries to the United Arab Emirates (UAE) from China. The remaining seven games involving China, Maldives, Syria, Philippines and Guam were due to be played in a bio-secure bubble in Suzhou that......

Manila snackmaker’s flat IPO may find some fizz

Reuters
A saleslady arranges Chinese instant noodles in a Chinese grocery store in Pasay City, Metro Manila, Philippines June 14, 2019. Picture taken June 14, 2019. REUTERS/Eloisa Lopez FIZZ-FREE. Price pops for initial public offering debuts are nice, but listings are a long-term game. So say bankers when their client slides......

EXCLUSIVE U.S. tyre maker Goodyear faces allegations of labour abuse in Malaysia

Reuters
American tire manufacturer Goodyear Tire & Rubber Co (GT.O) is facing accusations of unpaid wages, unlawful overtime and threats to foreign workers at its Malaysian factory, according to court documents and complaints filed by workers. In interviews with Reuters, six current and former foreign workers, and officials with Malaysia’s labour......

Vietnam’s business hub Ho Chi Minh introduces two weeks of social distancing measures

Reuters
Vinhomes Central Park and Landmark 81, Vietnam’s tallest building are seen from the Saigon river in Ho Chi Minh city, Vietnam June 6, 2019. REUTERS/Yen Duong Vietnam’s business hub Ho Chi Minh City will begin social distancing measures in the city for 15 days starting from May 31 in an......

Myanmar COVID-19 outbreak hits health system shattered after coup

Reuters
Breathless, fevered and without the extra oxygen that could help keep them alive, the new coronavirus patients at a hospital near Myanmar’s border with India highlight the threat to a health system near collapse since February’s coup. To help her tend the seven COVID-19 patients at Cikha hospital, day and......

Malaysia reports record coronavirus cases and deaths

Reuters
A medical worker collects a swab sample from a woman to be tested for the coronavirus disease (COVID-19) in Kuala Lumpur, Malaysia, May 11, 2021. REUTERS/Lim Huey Teng/File Photo Malaysia reported 9,020 new coronavirus cases on Saturday, the highest daily toll since the start of the pandemic and the fifth......

Philippines lifts ban on workers deploying to Saudi Arabia

Reuters
Repatriated Overseas Filipino Workers or OFWs arrive at an airport after being allowed to go home following weeks of quarantine amid the spread of the coronavirus disease (COVID-19), in Pasay City, Metro Manila, Philippines May 26, 2020. REUTERS/Eloisa Lopez The Philippines on Saturday said the country’s workers could again go......

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