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Indonesia tsunami death toll tops 400

Bloomberg The death toll from a tsunami along Indonesia’s Sunda Strait exceeded 400 as rescuers scour through the wreckage of hundreds of hotels and houses flattened by the deadly wave. At least 16,000 people have been displaced and about 1,500 were injured after the tsunami struck the Indonesian provinces Lampung and Banten late on December 22, according to the National ...

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China vows more support for private sector buffeted by slowdown in 2019

Bloomberg Chinese policy makers will step up support for the struggling private sector in 2019, with the state council announcing a series of measures for the firms, which have been hit hard by the slowing economy and trade tensions. The central bank will improve policies on targeted reserve-requirement ratio cuts and inclusive finance to further support private companies, according to ...

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Japan to prevent foreign workers drifting to cities

Bloomberg Japanese PM Shinzo Abe’s cabinet approved a policy document on Tuesday, seeking to deflect criticism of a law that will open the door to foreign guest workers from April. Under the new framework, the number of workers coming from abroad will be limited to 345,150 over five years, according to a document distributed to reporters in advance of the ...

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