Taiwanese military bid to store ammo on temple grounds in wartime sparks outcry
military’s proposal to convert local temples into ammunition depots during wartime
Residents, devotees and a military observer argue against proposal after three temples in western county report receiving agreement.
in anticipation of a potential war, the command plans to transport some ammunition .
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The Bank of Japan’s $3 trillion problem
The Bank of Japan could become unprofitable as interest rates rise and the deposits it holds become far more expensive.
The BOJ is now in a race to cut the size of its bond holdings
Whether the BOJ actually loses money will depend on the pace of the rate increases and balance sheet being trimmed
Read More At : https://www.japantimes.co.jp/business/2024/07/02/economy/boj-bond-purchases/
Red Bull family now richest in Thailand
Forbes Asia said that Mr Chalerm's family increased their wealth by US$2.6 billion to $36 billion
The Chearavanont brothers, of Charoen Pokphand Group fame, dropped to second
.Charoen Sirivadhanabhakdi of Thai Beverage remains in third position, with estimated wealth of copy0 billion
Read More At: https://www.bangkokpost.com/business/general/2822351/red-bull-family-now-richest-in-thailand
Korea raises 2024 economic growth outlook to 2.6%
The latest projection marks a 0.4 percentage-point increase
The economy has been on a recovery track since late last year following a downturn amid the COVID-19
The Bank of Korea presented a 2.5 percent expansion, and the International Monetary Fund forecast 2.3 percent growth.
Read More At : https://m.koreatimes.co.kr/pages/article.asp?newsIdx=377932
Japan to clarify rules for foreign kids who want to stay and work
The government is set to shortly clarify permanent residency requirements for children of foreign parents
Officials of the Immigration Services Agency said the requirements will include
more than five years of financial independence payment of taxes
social insurance premiums and
holding a “designated activities” visa.
Read More At : https://www.asahi.com/sp/ajw/articles/15329346
Water level in sections of China's longest river exceeds warning mark
As China enters flood season, water levels in sections of the middle and lower reaches of the Yangtze River have exceeded the warning mark
The Ministry of Water Resources has enacted a Level III emergency response for flood prevention in various provinces .
At the forefront of flood prevention and disaster relief efforts, not only are rescue personnel aided by technological advancements such as drones and satellite communication.
Read More At : https://www.globaltimes.cn/page/202407/1315274.shtml
Korea aims to attract 150,000 professionals from abroad by 2035
more than doubling the number from 72,000 in 2023, seeking to enhance productivity amid a shrinking working-age population
Asia's fourth-largest economy also aims to establish the world's most extensive network of free trade agreements (FTAs) by 2027.
These plans are being implemented as Korea's annual gross domestic product (GDP) growth rate is anticipated to decline to the 1 percent range in the coming years, and potentially below 1 percent after 2035.
Read More At : https://www.koreatimes.co.kr/www/biz/2024/07/602_377946.html
Taiwan says China seized fishing boat near Chinese coast
Taiwan’s coast guard said the Taiwanese boat was fishing for squid outside Taipei-controlled waters off the Kinmen islands, when it was boarded and seized by two Chinese maritime administration boats.
The Taiwanese boat was operating during China’s no-fishing period.
the coastguard said, adding that Taiwan will communicate with China and urge them to release the fishermen as soon as possible.
So far this year, Taiwan has detained five such boats from China, Taiwan’s coastguard data shows.
Read More At : https://www.aljazeera.com/news/2024/7/3/taiwan-says-china-seized-fishing-boat-near-chinese-coast
Pakistan will continue attacks in Afghanistan - Pak Defence Minister
Pakistan will continue to launch attacks against Afghanistan as part of a new military operation aimed at countering terrorism
The Taliban government in Afghanistan describes the strikes as violations of its sovereignty.
The Taliban said the statement was "irresponsible", warning Pakistan that cross-border attacks would have "consequences".
Mr Asif dening operations had been due to pressure from China rather would address security threats to Chinese projects and nationals in Pakistan.
Read More At : https://www.bbc.com/news/articles/c7289yvl84po
News bits collected and drafted by:
Deepanjali Singh (BA IR 3rd year) (Region Head)
Gungun Thakur (BA IR 2nd year)
Published by: Varsha Das (BA IR 3rd year)
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