Reuters Asia - Squid Business

India home minister challenges account of 2019 deadly attack on military convoy

NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s government has nothing to hide concerning a deadly attack on a military convoy in Kashmir in 2019, India’s home minister said. Earlier this month, Satya Pal Malik, the then-Jammu and Kashmir governor, alleged that paramilitary personnel were denied air transport and were made to travel by …

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Chipmaker Arm to make its own semiconductor – FT

(Reuters) – British chipmaker Arm Ltd is building its own semiconductor to showcase the capabilities of its products, as it seeks to attract new customers and fuel growth following its Initial Public Offering (IPO) later this year, the Financial Times reported on Sunday. Arm will team up with manufacturing partners to develop the new semiconductor, …

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China lodges complaint over South Korean president’s ‘erroneous’ Taiwan remarks

BEIJING (Reuters) – China’s Vice Foreign Minister Sun Weidong has lodged solemn representations with the South Korean ambassador over “erroneous” remarks by the South Korean president about Taiwan, China’s foreign ministry said on Sunday. In an exclusive interview with Reuters, South Korean President Yoon Suk Yeol said increased tensions around Taiwan were due to attempts …

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Philippines, China to set up more lines of communication to resolve maritime issues

By Neil Jerome Morales MANILA (Reuters) -Philippines President Ferdinand Marcos Jr and his foreign secretary met Chinese Foreign Minister Qin Gang on Saturday with Manila and Beijing pledging to work together to resolve their maritime differences in the South China Sea. Talks between the countries’ key officials in Manila mark the latest in a series …

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Two earthquakes strike Kepulauan Batu, Indonesia -EMSC

(Reuters) -Two earthquakes measuring nearly magnitude 6 struck Kepulauan Batu, Indonesia, in the morning hours on Sunday, according to the European Mediterranean Seismological Centre (EMSC). The first earthquake, pegged by the EMSC at a magnitude 6.1 struck Kepulauan Batu early Sunday, followed by another 5.8 magnitude quake just hours later. The first earthquake was at …

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India’s ICICI Bank posts 30% jump in Q4 net profit

MUMBAI (Reuters) -India’s ICICI Bank on Saturday reported a 30% increase in fourth-quarter net profit helped by improved net interest income and growth in loans. Standalone net profit rose to a record 91.22 billion Indian rupees ($1.11 billion) from 70.19 billion a year earlier. That topped the 90.41 billion forecast by analysts, Refinitiv Eikon data …

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India Yes Bank’s net profit drops 45% in January-March on higher provisions

MUMBAI (Reuters) -India’s Yes Bank on Saturday reported a near 45% drop in net profit year-on-year for the January-March quarter as provisions for bad loans and security receipts increased. Net profit fell to 2.02 billion Indian rupees ($24.63 million) for the reporting quarter from 3.67 billion rupees in the same period a year earlier. Compared …

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Indonesian, Malaysian Muslims celebrate Eid al-Fitr as COVID fears recede

By Zahra Matarani and Hasnoor Hussain JAKARTA (Reuters) – Muslims in Indonesia and Malaysia gathered in large groups to usher in the Eid al-Fitr festival on Saturday, relieved to be able to celebrate freely after the lifting of most COVID-19 restrictions. In Indonesia, the world’s most populous Muslim-majority country, hundreds of worshippers turned up for …

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Thai authorities issue extreme heat warnings for dozens of provinces

BANGKOK (Reuters) – Thai authorities on Saturday warned residents across large swathes of country, including the capital Bangkok, to avoid going outdoors due to extreme heat. Parts of Asia are reporting extreme heat this month, with record-breaking temperatures seen in some countries. In Bangladesh and parts of India, extreme heat is leading to surge in …

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Japan prepares to shoot down North Korea satellite if it falls on Japan

TOKYO (Reuters) -Japan’s Defence Minister Yasukazu Hamada on Saturday ordered the country’s military to prepare to shoot down a North Korean spy satellite should it fall within Japan’s territory. Hamada ordered the Self-Defense Forces to make necessary preparations as he could potentially “order the destruction of ballistic missiles”, the Defense Ministry said in a statement. …

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