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Straits Times
an hour ago
- Straits Times
Romanian deputy PM resigns after bribery case resurfaces
BUCHAREST - Romanian deputy prime minister Dragos Anastasiu resigned on Sunday after an old corruption scandal in which he was involved as a witness resurfaced at a time when the one-month-old coalition government is trying to enforce cost-cutting reforms. Anastasiu had been tasked by Prime Minister Ilie Bolojan with overseeing the reform of state-owned companies, part of broader efforts to reduce the largest budget deficit in the European Union and root out waste and inefficiency. Last week, an old corruption case revealed that one of Anastasiu's firms had been blackmailed by a tax authority inspector into paying bribes disguised as consultancy fees for eight years from 2009 or risk lengthy inspections. The company later denounced the inspector, who was convicted in 2023. Anastasiu and his business partner were never charged with a crime. Anastasiu said his company had paid all its taxes and the bribes were "for survival, not profit". "I encourage every entrepreneur to speak out and say under what conditions business has been done in Romania and no longer accept what we did while making mistakes," he told reporters on Sunday. The government, which will hike several taxes from August and is laying off staff and cutting bonuses, has already faced several street protests but has narrowly avoided a ratings downgrade from the lowest rung of investment grade. Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole Asia Singapore-only car washes will get business licences revoked, says Johor govt World Food airdropped into Gaza as Israel opens aid routes Sport Arsenal beat Newcastle in five-goal thriller to bring Singapore Festival of Football to a close Singapore Benchmark barrier: Six of her homeschooled kids had to retake the PSLE Asia S'porean trainee doctor in Melbourne arrested for allegedly filming colleagues in toilets since 2021 The European Union and NATO state has been rocked by political instability in the wake of a presidential election, which was cancelled in December and re-run in May, with market turmoil boosting borrowing costs and crashing the leu currency. REUTERS
Straits Times
an hour ago
- Straits Times
US, China to resume tariff talks in effort to extend truce by 90 days
Find out what's new on ST website and app. US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng will lead tariff talks on July 28, in Stockholm. STOCKHOLM – Senior US and Chinese negotiators will meet in Stockholm on July 28 to tackle longstanding economic disputes at the centre of the countries' trade war, aiming to extend a truce keeping sharply higher tariffs at bay. The South China Morning Post reported on July 27 that the two sides are expected to agree to extend the truce by three more months. China is facing an Aug 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached a preliminary deal in June to end weeks of escalating tit-for-tat tariffs. Without an agreement, global supply chains could face renewed turmoil from duties exceeding 100 per cent. The Stockholm talks, led by US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng, take place a day after European Union chief Ursula von der Leyen meets Mr Trump at his golf course in Scotland to try to clinch a deal that would likely see a 15 per cent baseline tariff on most EU goods. Trade analysts on both sides of the Pacific say the discussions in the Swedish capital are unlikely to produce any breakthroughs but could prevent further escalation and help create conditions for Mr Trump and Chinese President Xi Jinping to meet later in 2025. Previous US-China trade talks in Geneva and London in May and June focused on bringing US and Chinese retaliatory tariffs down from triple-digit levels and restoring the flow of rare earth minerals halted by China and Nvidia H20 AI chips and other goods halted by the United States. Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole Asia Singapore-only car washes will get business licences revoked, says Johor govt World Food airdropped into Gaza as Israel opens aid routes Sport Arsenal beat Newcastle in five-goal thriller to bring Singapore Festival of Football to a close Singapore Benchmark barrier: Six of her homeschooled kids had to retake the PSLE Asia S'porean trainee doctor in Melbourne arrested for allegedly filming colleagues in toilets since 2021 So far, the talks have not delved into broader economic issues. These include US complaints that China's state-led, export-driven model is flooding world markets with cheap goods, and Beijing's complaints that US national security export controls on tech goods seek to stunt Chinese growth. 'Stockholm will be the first meaningful round of US-China trade talks,' said Mr Bo Zhengyuan, Shanghai-based partner at China consultancy firm Plenum. Deals, deals, deals Mr Trump has been successful in pressuring some other trading partners, including Japan, Vietnam and the Philippines , into deals accepting higher US tariffs of 15 to 20 per cent. He said there was a 50-50 chance that the US and the 27-member European Union could also reach a framework trade pact, adding that Brussels wanted to 'make a deal very badly'. Two of Mr Trump's top trade officials, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, will attend the Scotland talks and then travel to Stockholm. Analysts say the US-China negotiations are far more complex and will require more time. China's grip on the global market for rare earth minerals and magnets, used in everything from military hardware to car windshield wiper motors, has proved to be an effective leverage point on US industries. Trump-Xi meeting? In the background of the talks is speculation about a possible meeting between Mr Trump and Mr Xi in late October. Mr Trump has said he will decide soon whether to visit China in a landmark trip to address trade and security tensions. A new flare-up of tariffs and export controls would likely derail any plans for a meeting with Mr Xi. 'The Stockholm meeting is an opportunity to start laying the groundwork for a Trump visit to China,' said Ms Wendy Cutler, vice-president at the Asia Society Policy Institute. Mr Bessent has already said he wants to work out an extension of the Aug 12 deadline to prevent tariffs snapping back to 145 per cent on the US side and 125 per cent on the Chinese side. Still, China will likely request a reduction of multi-layered US tariffs totaling 55 per cent on most goods and further easing of US high-tech export controls, analysts said. Beijing has argued that such purchases would help reduce the US trade deficit with China, which reached US$295.5 billion (S$379 billion) in 2024. China is currently facing a 20 per cent tariff related to the US fentanyl crisis, a 10 per cent reciprocal tariff, and 25 per cent duties on most industrial goods imposed during Mr Trump's first term. Mr Bessent has also said he would discuss with Mr He the need for China to rebalance its economy away from exports toward domestic consumer demand. The shift would require China to put an end to a protracted property crisis and boost social safety nets to encourage household spending. Mr Michael Froman, a former US trade representative during former president Barack Obama's administration, said such a shift has been a goal of US policymakers for two decades. 'Can we effectively use tariffs to get China to fundamentally change their economic strategy? That remains to be seen,' said Mr Froman, now president of the Council on Foreign Relations think-tank. REUTERS
Straits Times
an hour ago
- Straits Times
Displaced villagers at Thai-Cambodian border hope to go home as leaders set to meet for talks
– Rice farmer Samrouy Duangsawai was up early fixing herself a morning meal of sticky rice when a series of loud blasts almost shook her off her feet. Cambodian heavy artillery shells launched from across the nearby border had struck the next village just a few hundred metres away, the rising smoke visible in the air. The 67-year-old's thoughts quickly turned to the two young granddaughters she was helping to raise while their migrant worker parents were pulling shifts at a factory out of town. Before she had time to fully process the situation, a pickup truck had zoomed to her front door – village leaders had ordered all elderly people and children to evacuate their homes immediately. Other than her grandchildren, Ms Samroy left with nothing but the clothes she was wearing and an old pair of worn-thin blue rubber slippers. 'I was in such shock I couldn't tell what time of day it was,' she told The Straits Times from an evacuation hub set up at the Surindra Rajabhat university campus in Surin city, in Thailand's north-east, where more than 3,000 people have camped out since fighting broke out between the Thai and Cambodian militaries on July 24. The evacuations were part of swiftly executed contingency plans that had been drilled into Thai villagers in Surin along the border since the recent round of tensions flared in the lead-up to May 28, when a Cambodian soldier was killed in a brief skirmish between the two armies. At least 30 people have been killed and more than 200,000 people displaced from both sides. Thai and Cambodian forces extended their clashes at the disputed border into a fourth day on July 27 before Malaysia announced later that evening that the two countries had agreed to Kuala Lumpur acting as mediator in their conflict. Cambodian Prime Minister Hun Manet and Thai Acting Prime Minister Phumtham Wechayachai were scheduled to travel to Malaysia on July 28, Malaysian Foreign Minister Mohamad Hasan said on July 27, in what represents the most substantive, if tentative, steps towards peace since the outbreak of hostilities. The Thai government confirmed the meeting and said its defence and foreign ministers would also travel for the talks. Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole Asia Singapore-only car washes will get business licences revoked, says Johor govt World Food airdropped into Gaza as Israel opens aid routes Sport Arsenal beat Newcastle in five-goal thriller to bring Singapore Festival of Football to a close Singapore Benchmark barrier: Six of her homeschooled kids had to retake the PSLE Asia S'porean trainee doctor in Melbourne arrested for allegedly filming colleagues in toilets since 2021 US President Donald Trump had earlier on July 26 called on leaders from both countries to end hostilities and threatened to suspend ongoing negotiations on trade tariffs if they did not. In Surin, local public health volunteer and rubber plantation farmer Suwannee Yuenyong, 45, said villagers treated evacuation drills and briefings seriously after a similar border flare-up in 2011 resulted in mass panic and traffic gridlock. Rubber farmer Suwannee Yuenyong said she was worried about her husband's safety after he stayed behind in their village to look after their property. ST PHOTO: PHILIP WEN She said the plan in her village in Phanom Dong Rak district was for all women, the elderly and children to be first evacuated to predetermined emergency hubs at the first sign of danger. Able-bodied men were to stay behind and tend cattle and guard against looters. If all else failed, makeshift bunkers and bomb shelters, in some cases constructed using segments of large concrete pipes reinforced with a solid slab over it, offered last-minute protection. Ms Suwannee told ST that her husband was one of about 30 men in her village to remain behind. While she and her three children felt safe at their evacuation centre in Surin, she said they were all hoping for a swift end to the conflict as they were all missing home, and she was extremely worried about her husband. 'I spoke with him over the phone and he said the shelling was quite intense last night and he had to spend the night in the bunker,' Ms Suwannee told ST on July 26. Family feud Evacuees at the Surindra Rajabhat university campus in Surin, Thailand. ST PHOTO: PHILIP WEN The plights of those displaced in emergency evacuation centres and those sleeping rough in concrete bunkers have been particularly stark, especially when there is still no clear explanation for the political calculations behind allowing a longstanding historical dispute over an under-demarcated border to escalate in such deadly fashion. What is clearer, however, is that the personal enmity that is still souring in real time between Thailand's Thaksin Shinawatra and Cambodia's Hun Sen – the patriarchs of the two countries' leading political families – is providing a major impediment in efforts to de-escalate and negotiate a ceasefire. 'I thanked everyone but said I'd like to ask for some time,' Mr Thaksin, a former prime minister, wrote in a post on X late on July 24, referring to countries that had reached out to mediate. 'Because we probably need to let the Thai military do their duty and teach Hun Sen a lesson about his cunning ways first.' As tensions with Cambodia flared in May, the early conjecture among political observers in Thailand surrounded theories that the influential military establishment was purposefully fanning nationalist sentiment to undermine Prime Minister Paetongtarn Shinawatra, Mr Thaksin's daughter. Mr Thaksin's long-running clash with the pro-monarchist and pro-military conservative establishment has been a defining feature of Thailand's political landscape over the past two decades, and his own tenure as prime minister ended in a coup d'etat in September 2006. In Cambodia, attention has more recently shifted to domestic politics, with some political analysts asserting that Mr Hun Sen's desire to bolster his son Hun Manet's standing also explains his desire to pick a fight with the Shinawatras and Thailand at large. Mr Hun Sen was responsible for leaking an audio recording of his phone call with Ms Paetongtarn, where she was heard taking a deferential tone to the former Cambodian leader while also labelling her own military commander as being on the 'opposing side'. The resulting public backlash has seen large protests in Bangkok calling for her resignation and ultimately led to her suspension from office. But if the motivation from Mr Hun Sen – who was prime minister spanning five decades before anointing Mr Hun Manet as successor – was to paint his son as a capable military commander, analysts said he has mostly succeeded only in hogging the limelight. In an effort to ostensibly debunk online rumours that he had fled the country, Mr Hun Sen posted a series of photos on his official Facebook account portraying him in command as he pored over military maps in a war room. The holes in both domestic political theories, analysts say, is that there are easier avenues to achieve those political objectives without necessarily putting both soldiers and civilians in harm's way. In Bangkok, the Shinawatra clan's dominance had already been on the wane with Mr Thaksin mired in legal trouble and Ms Paetongtarn struggling in the polls. In Phnom Penh, there are no clear threats to the Hun family's political dominance, and Cambodia's military is, on paper, outmatched by Thailand's larger armed forces, defence analysts said, especially in the air. 'One of the most confusing aspects of this conflict is how little information we have about its origins,' Mr Ken Lohatepanont, a political analyst and doctoral candidate at the University of Michigan, said. 'No one outside a very small circle of Cambodian and Thai high-level officials has a complete picture of what is going on.' Ceasefire hopes Workers and volunteers sorting out supplies at an evacuation centre at the Surindra Rajabhat university campus in Surin, Thailand. ST PHOTO: PHILIP WEN News of potential peace negotiations mediated by Malaysia had yet to filter through Surin's border villages in Phanom Dong Rak during a visit by ST on July 27. With almost all residents evacuated, other than some men and their dogs standing guard against looters, the villages were eerily empty and quiet, save for the noise of artillery in the background. Mr Narin Wongpitak, chief of Khun Han subdistrict in neighbouring Sisaket province, told ST that local communities along the border were on high alert. 'We are trying to do everything we can to make our people safe,' he said. Both countries have said they want a ceasefire but disagree over the readiness and sincerity of the opposing side to come to the table, while continuing to trade blame over which side is at fault for continuing hostilities and targeting civilians. 'I made it clear to Honourable President Donald Trump that Cambodia agreed with the proposal for an immediate and unconditional ceasefire between the two armed forces,' Cambodian Prime Minister Hun Manet posted on Facebook, noting that he had also agreed to Malaysia's earlier ceasefire proposal which he said Thailand had reneged on. Thailand's Acting Prime Minister Phumtham had earlier said that his country could not begin talks while Cambodia was targeting its civilians and that it was seeking direct bilateral talks over international mediation. During a visit to the border region in Ubon Ratchathani on July 26, Mr Thaksin, who no longer holds any formal government role, refuted criticism over his X post and denied that the feuding families were a catalyst for the military conflict. But he could not resist taking a further shot, saying Mr Hun Sen liked to stir trouble while 'sitting on social media all day like a zombie'. Back in Surin, villagers from Kap Choeng district were forced to evacuate a second time on July 26 and take shelter at a Buddhist temple after their initial emergency accommodation at a local school in Prasat district was deemed too close to Cambodia's strike radius and unsafe. A prayer hall at a Buddhist temple in Surin converted into a makeshift emergency shelter. ST PHOTO: PHILIP WEN Unlike other villages where some people remained behind, vegetable vendor Chakkrit Khamnuan, 25, said everyone in his village in Kap Choeng district was ordered to evacuate because its proximity to a Thai military base on the border made it a likely target of Cambodian attacks. Mr Chakkrit said he usually sells vegetables at a large cross-border market that relies on traders from both countries, and that business at the market had been affected for months as tensions mounted. Ms Suwannee, the rubber farmer from Phanom Dong Rak, said her entire village was angry at the situation and hoped to be able to return home soon. 'We want the conflict to end as soon as possible with a swift Thai victory to teach Cambodia a lesson to never mess with Thailand again,' she said.
