Asia - South China Morning Post

Asia - South China Morning Post

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  • Vietnam bets on baby bonuses to get rich before it grows old
    Vietnam has introduced a raft of incentives to encourage couples to have more children as the Southeast Asian nation seeks to reverse a fast-declining fertility rate.
    Gone is the country’s long-standing two-child policy, scrapped last year. In its place is a new population law, which took effect on July 1, offering a suite of sweeteners designed to nudge Vietnamese couples towards larger families.
    These include seven months of maternity leave for second children, subsidised prenatal and newborn...
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  • Chinese tourist’s World Cup flag blunder in Malaysia goes viral
    A video showing a Chinese tourist berating hotel staff in Malaysia for not flying China’s flag has gone viral after viewers pointed out the flags belonged to the nations competing in the Fifa World Cup finals.
    The man, who was reportedly in Kuala Lumpur on business, confronted a staff member at his hotel’s breakfast restaurant after noticing flags from dozens of countries but not China’s.
    In the clip, he can be seen interrogating a visibly confused worker for an explanation before telling her:...
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  • Time bar saves Singapore WP’s Lim, Faisal from parliamentary action for lying under oath
    No further action was necessary by Singapore’s parliament against Workers’ Party (WP) politicians Sylvia Lim and Faisal Manap over their lying under oath, as the case fell outside a legal time bar, Leader of the House Indranee Rajah said on Tuesday.
    “Had the timelines been different, I would have proposed a different course of action,” she told parliament while delivering a ministerial statement on a “determination” of the Committee of Privileges’ (COP) findings on Lim and Faisal.
    Lim is a...
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  • Thai beer heir opens up, Philippine ube’s ‘purple gold rush’: 7 Asia highlights
    We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing.
    1. US touts regional ‘balance’ in missile sale to Singapore. What does it mean?
    Washington has recently approved a proposed US$22.3 million sale of additional Hellfire missiles to Singapore, with the US State Department declaring that the transfer and associated arms...
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  • Japan weighs Myanmar aid restart to counter China’s growing clout
    Japan is facing mounting calls to decide whether its long-frozen development aid to Myanmar should stay that way, as rights advocates warn that any resumption could ease pressure on a regime accused of widespread abuses.
    The decision is a delicate one for Tokyo, which has tried to retain influence in Myanmar without appearing to legitimise the junta that seized power in 2021 – all while watching China deepen its own engagement with the country.
    Human Rights Watch has urged Japan to resist...
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  • Singapore named world’s most expensive city for luxury spending for fourth year in a row
    Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe.
    Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since the survey began in 2020, according to an annual report by Swiss wealth manager Julius Baer Group. Hong Kong and London rounded out the top five.
    Zurich’s three-place rise was propelled by the strengthening of the Swiss...
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  • Vandal demands peanut butter sandwich to end Australian bridge stand-off
    A man ⁠scaled the 140-metre-high (460 ⁠foot) tower of ⁠a cantilever bridge in the Australian city of Melbourne on Tuesday and painted a giant cartoon bird on it, disrupting morning commuter traffic.
    The man demanded ‌a peanut butter sandwich be delivered by drone before he would come down, causing a stand-off with police and closing a lane on the Bolte Bridge.
    “A man has scaled the bridge and remains in a restricted area ⁠on the eastern tower. He is refusing to follow police direction ‌and come...
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  • Singapore’s Carousell hits profitability milestone, banks on AI as ‘force multiplier’
    At Carousell’s Singapore office, a red tunnel greets employees with the company’s mission to “make second-hand the first choice” – a slogan its leaders say is moving closer to reality as the platform for buying and selling used goods recorded its first positive adjusted operating profit.
    The Singapore-headquartered company, last valued at US$1.1 billion in 2021, said on Tuesday it had achieved positive Ebitda – earnings before interest, taxes, depreciation and amortisation – for the first time,...
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  • Bargain homes are to be had in New Zealand but here’s the catch: floods
    New Zealand’s flood-prone homes are outperforming the rest of the country’s moribund housing market, as buyers chase lower prices and shrug off climate risks.
    Properties facing the highest flood risk have gained 26.1 per cent in value since January 2020, compared with 19.8 per cent for homes with no exposure, property consultancy Cotality said in Wellington on Tuesday. Discounts of as much as NZ$100,000 (US$60,000) on some houses were proving too tempting for cost-conscious consumers, it...
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  • Australia’s Lynas partners South Korea’s JS Link for Malaysian magnet factory
    Lynas Rare Earths said on Tuesday it had signed a partnership deal with South Korea’s JS Link to develop a magnet factory in Malaysia.
    The Australian rare-earths producer will also supply materials to JS Link’s magnet factory in South Korea and the planned factory in Malaysia until January 2038. The partnership follows a magnet manufacturing deal between the two companies ⁠last year.
    Under the latest deal, JS Link will establish a magnet factory in ‌Kuantan, Malaysia, with an operating capacity...
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