Asia (except ME & Indian SC)

BEIJING, Dec. 5 (Xinhua) -- As a firm practitioner of financial opening-up, China has made its propositions on widening its opening-up amid closer regional financial cooperation in Asia to promote sustainable economic recovery of the region.

Speaking at the Asian financial summit forum recently, Zhou Liang, vice chairman of the China Banking and Insurance Regulatory Commission, has expounded on the importance and the measures of enhancing regional financial cooperation as well as China's future move to deepen financial opening-up.

BANGKOK (AP) — Japanese beverage giant Kirin Holdings said Monday it is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar.

The company said it filed for arbitration in Singapore against Myanma Economic Holdings Plc, a military-controlled company, to end their venture Myanmar Brewery.

HONG KONG (AP) — China’s largest e-commerce group Alibaba said Monday it is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry.

The company said in a statement Monday that Toby Xu will succeed Maggie Wu as its new CFO from April 1, 2022. Xu joined Alibaba from PricewaterhouseCoopers three years ago and was appointed deputy group CFO in July 2019.

BANGKOK (AP) — Shares were mixed in Asia on Monday after troubled Chinese property developer Evergrande warned late Friday it may run out of money.

Hong Kong dropped 1.2% but the Shanghai Composite index rose. South Korea’s benchmark advanced but Tokyo and Sydney declined.

More broadly, investors are struggling with uncertainty about the newest coronavirus variant and about when the Federal Reserve will cut off its support for markets.

ENIWA, Japan (AP) — Dozens of tanks and hundreds of soldiers fired explosives and machine guns in drills Monday on Japan’s northern island of Hokkaido, a main stronghold for a nation that is perhaps the world’s least-known military powerhouse.

Just across the sea from rival Russia, Japan opened up its humbly named Self Defense Force’s firing exercises to the media in a display of public firepower that coincides with a recent escalation of Chinese and Russian military moves around Japanese territory.

BEIJING, Dec 5 (APP): India has always been a trouble for China, its other neighboring countries and regional peace and stability. Therefore, India is a regional troublemaker.

Over the years, China has been releasing goodwill to India, so has Pakistan been. However, India’s asking price ranks higher and higher.

BEIJING, Dec 5 (APP): Indian security forces not only slaughter thousands of Kashmiri people in Indian Illegally Occupied Jammu and Kashmir (IIOJ&K), but also indiscriminately kill innocent people in the northeast and many other areas, constantly creating new “miracles” in human rights violations.

BEIJING, Dec. 5 (Xinhua) -- A crucial step has been taken in addressing the recent default of property developer China Evergrande Group after Guangdong provincial government held a regulatory talk with its chairman and agreed to send a working group to the company.

BANGKOK (AP) — An army vehicle barreled into a peaceful march of anti-government protesters in military-ruled Myanmar’s biggest city on Sunday, reportedly killing at least three people, witnesses and a protest organizer said.

Sunday’s march was one of at least three held in Yangon, and similar rallies were reported in other parts of the country a day ahead of an expected verdict in the first of about a dozen criminal cases against Myanmar civilian leader Aung San Suu Kyi, who was toppled in a military takeover Feb. 1.

LUMAJANG, Indonesia (AP) — The highest volcano on Indonesia’s most densely populated island of Java spewed thick columns of ash, searing gas and lava down its slopes in a sudden eruption triggered by heavy rains on Saturday. At least one villager died from burns and dozens were hospitalized.

Mount Semeru’s eruption in Lumajang district in East Java province left several villages blanketed with falling ash.