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China unveils stimulus aimed at driving consumption

2 weeks ago | asianews.network | Wang Keju

May 22, 2025BEIJING – China has unveiled a stronger-than-anticipated financial stimulus package amid rising external uncertainties and the need to shore up domestic demand, aiming to help anchor market expectations and steer the country toward its annual growth target of around 5 percent.
Philippine President Marcos orders courtesy resignation of all Cabinet secretaries

2 weeks ago | asianews.network | Luisa K. Cabato

May 22, 2025MANILA – President Ferdinand Marcos Jr. has called for the courtesy resignation of all Cabinet secretaries to recalibrate his administration following the results of the recent elections. “This is not business as usual,” the President said, as quoted in a press release from the Presidential News Desk on Thursday. “The people have spoken, and they expect results — not politics, not excuses. We hear them, and we will act,” he added.
ICC extends deadline to disclose witnesses, materials vs Philippine ex-president Duterte

2 weeks ago | asianews.network | Charie Mae Abarca

May 22, 2025MANILA – The International Criminal Court (ICC) Pre-Trial Chamber I has granted the Prosecution’s request to extend the deadline of disclosure of arrest warrant materials as well as the identity of witnesses in former president Rodrigo Duterte’s crimes against humanity case.
Shin Ramyun’s Thai twist: How Nongshim is slurping up Asia

2 weeks ago | asianews.network | Kim Hae-yeon

May 21, 2025SEOUL – In the heart of Asia’s culinary revolution, Korean instant ramyeon giant Nongshim — best known for its iconic spicy Shin Ramyun — is redefining how Korean flavors captivate global audiences. Riding on the success of Shin Ramyun Tomyum in Thailand with a bold strategy of local adaptation, Nongshim is setting new standards for Asian food exports, driving global interest in K-food. Nongshim’s breakthrough in Thailand began with a bold culinary collaboration.
Pakistan Foreign Office rejects Indian claim of Pakistan targeting Sikh holy site in Amritsar

2 weeks ago | asianews.network | Abdullah Momand

May 21, 2025ISLAMABAD – The Foreign Office (FO) on Tuesday rejected the claim made by India that Pakistan had attempted to attack the Golden Temple in Amritsar — one of the holiest sites in Sikhism — during the recent tensions with the neighbouring country. New Delhi had accused Islamabad, without evidence, of orchestrating last month’s deadly attack in occupied Kashmir’s Pahalgam. Pakistan had strongly denied the allegations and called for a neutral probe.
Ancient silk manuscript back in China after 80 years

2 weeks ago | asianews.network | Zhao Huanxin |Xu Lin

May 20, 2025WASHINGTON, BEIJING – Remnants of an ancient Chinese silk manuscript, lost long ago, finally touched down at Beijing Capital International Airport on Sunday, ending nearly 80 years of overseas wandering. The flight to Beijing followed a handover ceremony in the United States on Friday at the Chinese embassy in Washington, DC.
US credit downgrade spooks Philippine stock investors

2 weeks ago | asianews.network | Meg Adonis

May 20, 2025MANILA – News of Moody’s downgrading the United States’ credit rating for the first time in history upset investors at the local bourse on Monday. While it had opened positively, the benchmark Philippine Stock Exchange Index (PSEi) settled at 6,454.84 by the closing bell, down 0.17 percent, or 10.69 points. READ: PSEi dips slightly, in search of sparkLikewise, the broader All Shares Index shed 0.1 percent, or 3.71 points, to close at 3,765.66.
China's industrial output, retail sales continue to increase in April

2 weeks ago | asianews.network | Ouyang Shijia

May 20, 2025BEIJING – China’s economy continued to grow steadily in April with supportive macroeconomic policies despite external shocks, official data showed on Monday. Figures released by the National Bureau of Statistics showed that China’s value-added industrial output- a gauge of activity in the manufacturing, mining and utilities sectors – rose by 6.1 percent year-on-year in April after a 7.7 percent growth in March.
ICC prosecution requests deadline extension for disclosure of witnesses in Duterte case

2 weeks ago | asianews.network | Charie Mae Abarca

May 20, 2025MANILA – The International Criminal Court’s (ICC) Office of the Prosecutor has requested that the Pre-Trial Chamber 1 extend the deadline for disclosure of arrest warrant materials as well as the identity of witnesses in former president Rodrigo Duterte’s crime against humanity case.
Singapore construction sector sees fallout from US tariffs amid trade war truce

2 weeks ago | asianews.network | Grace Leong

May 20, 2025SINGAPORE – Singapore’s construction sector is starting to see some fallout from US President Donald Trump’s global tariffs, with firms here grappling with uncertainty over pricing and supply of raw materials, according to local industry associations. But analysts are mixed on the tariffs’ impact on construction materials costs in Singapore, even as the temporary truce reduces the risks of acute global supply chain disruptions.