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Moon Jae In poised for landslide win in South Korea election: Quick takes from analysts

SEOUL – Liberal politician Moon Jae In is posed to be sworn in as South Korea’s president on Wednesday (May 10) after securing what exit polls showed to be a landslide victory in Tuesday’s vote. Analysts say the new leader will face a tough time trying to meet the vastly diverse demands from voters as well as other players. Among other things, he will have to meet the high levels of voter expectations and overcome deep mistrust of voters shaken by a massive corruption scandal that led to his predecessor Park GeunRead More

Last-minute stumbling blocks ahead of planned Donald Trump, Xi Jinping summit: Officials

WASHINGTON (AFP) – The United States and China are finalising plans for a summit between presidents Donald Trump and Xi Jinping at Mar-a-Lago this April, but diplomats are struggling to remove last-minute stumbling blocks. Officials in both countries told AFP that Trump has tentatively agreed to host Xi to his Florida resort in early April – a significant outreach after the mogul’s bare-knuckle anti-Chinese election rhetoric. But according to officials, the plan is running up against differences over how to deal with issues like North Korea, what “deliverables” can comeRead More

Money changers in Singapore run out of ringgit

Rates down from last week, but demand still high for plunging Malaysian currency At least four money changers at Change Alley ran out of the Malaysian currency yesterday as people stocked up on the plunging ringgit. One money changer, who wanted to be known only as Mr Bill, said he was cleaned out within a few hours of opening because he underestimated demand. Even though the rates on offer yesterday were down on last week, there was still strong demand for the currency. Money changers were offering between 3.01 andRead More

Singapore ‘disappointed’ TPP may not be ratified after Trump win: PM Lee

SEMARANG, Indonesia: Singapore is “disappointed” that the Trans-Pacific Partnership (TPP) agreement may not be ratified before US President-elect Donald Trump takes office, said Prime Minister Lee Hsien Loong on Monday (Nov 14). “We feel disappointed that the TPP looks very unlikely or will not be passed now, ratified now, before Jan 21 when the new president swears in,” said Mr Lee in a wrap-up interview with Singapore media after a leaders’ retreat with Indonesian President Joko Widodo. His comments came days after US President Barack Obama’s administration suspended efforts toRead More

Asia Market Slump Signals Trump Presidency

U.S. elections are hardly just about Americans. The U.S. economy, particularly its masses of moneyed consumers, touches scores of other countries and although it’s an old cliche, America is seen as a world police officer. Donald Trump is U.S. president  and will  probably bring economic shakeup and some policing to Asia. It’s impossible to know for sure what Trump, a New York real estate billionaire, will do in Asia, since he lacks a record on national politics. But a wrap of his campaign statements points to a strong pullback in free trade, including theRead More

Possible Donald Trump US presidency attracts interest in Asia

SINGAPORE – The likelihood of Donald Trump becoming the next American president has attracted much interest in the region, with at least two questions asked at two different events on Friday (June 3). Asked about Mr Trump, United States Senator John McCain said the rise of the controversial businessman showed many Americans are very unhappy about the slow recovery from the 2008 recession, with many blue-collar workers “who see no prospect of a job…because they are overtaken by technology”. “There is a feeling that Congress and the President don’t representRead More