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Bangladesh eyes investment gain as Japanese firms exit China

Bloomberg Japan incentivising its companies to shift manufacturing facilities out of China and adding Bangladesh to a list of preferred destinations for relocating the factories may give the South Asian nation’s economy a boost. “As the pandemic started in China, Japanese companies needed to diversify” their supply chains further, Naoki Ito, the Japanese ambassador to Bangladesh, said in an interview. ...

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Myanmar generals defend coup, dismiss impact of US sanctions

Bloomberg Myanmar’s junta again defended its move to oust civilian government in the face of nationwide protests, dismissing the impact of US sanctions while showing no signs of a compromise with demonstrators. Brigadier-General Zaw Min Tun, the lead spokesman for the State Administration Council, said on Tuesday the military’s actions were in line with the 2008 constitution and “not a ...

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Pelosi calls for probe of riot as partisan bitterness simmers

Bloomberg House Speaker Nancy Pelosi’s call for an independent commission to investigate last month’s Capitol insurrection has some bipartisan support, yet the effort risks getting tangled in the bitter aftermath of former President Donald Trump’s impeachment over the deadly assault. Pelosi said the commission would be modelled on the widely praised panel that probed the origins of the September 11, ...

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