Classic Layout

Singapore urged to get tougher on money-laundering

  Singapore / AFP Singapore must take more aggressive action against complex cross-border money-laundering including prosecuting individuals and seizing illicit proceeds, a global financial crimes watchdog said on Tuesday. The Paris-based Financial Action Task Force (FATF) said in a review the city-state has made significant improvements in its anti-money laundering and counter-terrorist financing framework since the last assessment in 2008. ...

Read More »

Taiwan shuts markets as typhoon Megi strengthens, cuts power

  Bloomberg Typhoon Megi lashed Taiwan with wind and rain on Tuesday, bringing 20-foot-high waves and knocking pedestrians off their feet in Taipei. More than 280,000 households lost electricity, state-owned utility Taiwan Power said on its website. About 5,000 people were evacuated, according to the island’s National Fire Agency. The capital city of Taipei shut markets, schools and offices, along ...

Read More »

Lanco to start $1billion power assets sale

  Bloomberg Indian power producer Lanco Infratech Ltd. expects to start the process to sell its assets in six months to raise an estimated 70 billion rupees ($1 billion) to repay debt. “For now we are focused on completing the projects, because that will bring us value when we sell them,” T. Adi Babu, Lanco’s chief operating officer for finance, ...

Read More »

Vietnam fishermen sue Taiwan firm over mass fish deaths

  Hanoi / AFP Hundreds of fishermen in central Vietnam have filed lawsuits demanding more compensation from a Taiwanese firm accused of dumping toxic waste in the ocean that killed tonnes of fish, activists said on Tuesday. The mass fish deaths in April ravaged livelihoods in communities along the central coast, where fishing is the main source of income. In ...

Read More »

Australia softens ‘backpacker tax’

  Sydney / AFP Australia watered down plans for a “backpacker tax” on foreigners on working holidays on Tuesday, after an outcry from farmers and tourism operators. Canberra had been under increasing pressure to shelve the tax — 32.5 cents for every dollar earned — amid fears it would deter tourists from choosing the country as a destination. Some 600,000 ...

Read More »

17 dead in Iraq suicide bombing

  Baghdad/ AFP Bombings targeting shopping areas in Shiite districts of the Iraqi capital on Tuesday killed at least 17 people and wounded more than 50, security and medical officials said. The IS extremist group claimed an attack in the Baghdad Jadida neighbourhood in the east of the city, saying it was carried out by a man wearing an explosive ...

Read More »

Ali Bongo sworn in as Gabon prez after disputed win

  Libreville / AFP Ali Bongo was sworn back in as Gabon’s president on Tuesday, calling for unity after a disputed election win that sparked deadly unrest and revealed deep divisions in the oil-rich country. The 57-year-old used the ceremony to appeal for unity after the deadly violence that followed the announcement of his victory last month. He pledged to ...

Read More »

Syria army takes rebel-held Aleppo district

  Damascus / AFP Syrian government troops on Tuesday took control of a central rebel-held district in Aleppo city, where the army is pressing an operation to retake opposition territory, a military source said. “The army retook control of all of the Farafira district northwest of the Aleppo citadel after neutralising many terrorists. Units are now demining the area,” the ...

Read More »
Send this to a friend