PBOC to raise banks’ forex reserve requirements to ease appreciation pressure on yuan

Australia jails Singaporean tourist for fatally driving over man who stole backpack

A 29-year-old Singaporean man was sentenced to five years and nine months’ jail in Australia on Monday after he killed a man who stole a backpack from his rental car. Lincoln Ng Jing Kai chased the man in a car and knocked him off his e-bike before driving over him. He was originally charged with murder, but pleaded guilty to manslaughter in August after prosecutors agreed to accept the lesser charge. Sentencing him, Judge Terence Palmer said Ng’s actions “involved an element of taking the law...

YOURSAY | Cut politicians' multiple pensions, pay the doctors

'Our doctors paid worse than the night shift security guard in Singapore.'

China’s Communist Party plenum targets passive ‘nice’ guys in anti-corruption push

China’s ruling Communist Party has pledged to target “old nice persons” within its ranks as it steps up its anti-corruption drive ahead of a major leadership reshuffle next year. Rendered in Chinese as lao hao ren, the term refers to unprincipled, conflict-averse officials who turn a blind eye to misconduct to protect their own careers and social standing. A resolution adopted at the close of the party’s 20th Central Committee’s fifth plenum last week signalled a crackdown on this culture of...

PDP-Laban holds indignation rally outside SC for Rodrigo Duterte, Bato dela Rosa

Despite rainy weather, members and supporters of political party Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban) gathered outside the Supreme Court (SC) on Tuesday morning.

ICC prosecutors want to admit 3 pre-recorded testimonies on Duterte's 'narco-list'

PRAGUE, Czech Republic - To expedite the proceedings in Rodrigo Duterte"s case before the International Criminal Court (ICC), the Office of the Prosecutor seeks to admit three pre-recorded witness testimonies regarding the former president"s “narco list”.

OpenAI executive urges caution in China-US AI talks, warns of distillation threats

A top OpenAI executive said on Monday that Washington needs to be “clear-eyed” and “aware” about sharing information with Beijing during coming talks on artificial intelligence (AI), while also warning about the threat posed by alleged Chinese distillation attacks. “Be very clear-eyed. Be very aware of what information you are able to expect in return for what you are sharing, and start to build a foundation,” said Caroline Zier, OpenAI’s deputy lead for national security, during a discussion at...

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North Korea’s low-cost drone push exposes South Korea’s red tape trap

North Korea is rapidly advancing its drone warfare capabilities by drawing lessons from the Russia-Ukraine war, even as South Korea’s efforts to keep pace remain bogged down by procurement delays and bureaucratic red tape, observers warn. They also caution that cryptocurrency theft has become a crucial source of funding for Pyongyang’s weapons programmes, following US Federal Bureau of Investigation allegations that North Korean state-backed hackers stole more than US$6 billion from Binance, the...

As sales slow, carmakers in China turn to overt marketing tactics and face controversy

Chinese carmakers’ marketing tactics are under the spotlight after a controversy surrounding a comment by an Xpeng employee drew harsh criticism from middle-aged consumers. The incident comes as regulators step up quality checks on the reliability of automotive companies, according to industry officials and analysts. During a live-streamed new model launch ceremony on October 15, an Xpeng product manager used the term “Lao Deng” – a slang term referring to middle-aged people who appear to be...