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Development asian news

Bloomberg - Arsenio Balisacan - Philippines - Philippines overtakes Malaysia, Vietnam to become Southeast Asia’s fastest growing economy - scmp.com - Usa - Philippines -  Manila - Malaysia - Vietnam

Philippines overtakes Malaysia, Vietnam to become Southeast Asia’s fastest growing economy

Gross domestic product expanded 5.6 per cent, surpassing the median 5.5 per cent growth seen in a survey of economists. The economy grew at a similar pace from a year ago in the final quarter of the year, while on a quarter-on-quarter basis, it clocked 2.1 per cent.

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Bloomberg - Asaduddin Owaisi - Modi’s ruling BJP set to bring contentious common civil laws in Indian state - scmp.com - India

Modi’s ruling BJP set to bring contentious common civil laws in Indian state

An Indian state ruled by Prime Minister Narendra Modi’s party is set to introduce contentious new common personal laws that will apply across religions next week, a template other state officials say they will look to follow.

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Park Chankyong - South Korea minister’s Ukraine remarks leave ‘shrinking wiggle room’ in US-Russia balance - scmp.com - China - Usa - Russia - South Korea -  Moscow - North Korea - Ukraine -  Seoul -  Sanction

South Korea minister’s Ukraine remarks leave ‘shrinking wiggle room’ in US-Russia balance

However, Shin’s remarks caused a palpable downturn in diplomatic relations with Russia, pushing them to a new low.

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Caixin - China's debt-to-GDP ratio climbs to record 287.8% in 2023 - asia.nikkei.com - China

China's debt-to-GDP ratio climbs to record 287.8% in 2023

China's debt-to-GDP ratio climbed to a new record high in 2023 despite the slow pace of borrowing, reflecting the economy's weakening growth, a new report from a state-backed think tank shows.

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LAULY LI and CHENG TINGFANG - AI boom drives demand for server-cooling technology - asia.nikkei.com - Taiwan -  Taipei

AI boom drives demand for server-cooling technology

TAIPEI -- The market for artificial intelligence is not the only thing heating up. So, too, are the chips and servers that power the cutting-edge technology, driving demand for more efficient cooling solutions.

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Ryan Browne - Former UK finance minister joins Coinbase crypto exchange as an advisor - cnbc.com - Singapore - Britain

Former UK finance minister joins Coinbase crypto exchange as an advisor

LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company's regulatory bargaining power at a time when it faces severe scrutiny stateside.

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KENJI KAWASE and PEGGY YE - Hong Kong real estate tycoon Ronnie Chan to step down - asia.nikkei.com - Hong Kong -  Hong Kong

Hong Kong real estate tycoon Ronnie Chan to step down

HONG KONG -- Hang Lung Properties, one of the largest real estate developers in Hong Kong, announced Tuesday that Chairman Ronnie Chan will retire and hand over the position to his son, Adriel Chan.

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Aisyah Llewellyn - Bali bombing: families slam ‘secret deal’ as sentences of Malaysians at Guantanamo Bay cut to 5 years - scmp.com - Indonesia - Thailand - Malaysia - Australia - county Bay - Cuba

Bali bombing: families slam ‘secret deal’ as sentences of Malaysians at Guantanamo Bay cut to 5 years

Families and friends of those who died in a deadly bomb attack in Bali in Indonesia that killed 202 people and injured another 200 have expressed shock and anger after two Malaysians incarcerated at Guantanamo Bay in Cuba for their roles in the attack had their jail sentences cut from 23 years to five.

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