The Asian Pulse

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    The union cabinet on 24 May 17 approved dismantling of the Foreign Investment Promotion Board, marking a watershed in India's overseas investment framework, giving a major boost to 'Make in India' and easing the flow of foreign capital into the country. It also approved the much-awaited strategic partnership policy for defence manufacturing and a new government procurement policy that will give
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    Hong Kong saw its debt rating cut by Moody's Investors Service hours after China’s downgrade, highlighting potential risks from a tightening economic integration. The former British colony has seen not only its property and stock markets increasingly entwined with the world's second-largest economy, but its government as well. Moody's cut the rating on local- and foreign-currency issuances
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    President Rodrigo Duterte's martial law declaration showed decisiveness but, if mishandled, could also give rise to more Islamic extremists and compromise peace efforts in southern Philippines, a Mindanao-based scholar said on 24 May 17. Duterte warned that martial rule in Mindanao would be "harsh" similar to the one declared by the late strongman Ferdinand Marcos Sr. nearly half a century ag
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    Judicial commissioner Wan Ahmad Farid Wan Salleh, who was a deputy home minister before being made judge, has recused himself from hearing a defamation suit filed by Najib Razak. He said this was because the public perception of the independence of the judiciary should not be shaken in any way. In a statement, Wan Ahmad said it was common knowledge that he was an active politician, and at o
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    Moody's Investors Service cut its rating on China's debt, saying that the outlook for the country's financial strength will worsen as debt rises and economic growth slows. Moody's reduced the rating to A1 from Aa3 and changed the outlook to stable from negative, the company said in a statement on 24 May 17. The offshore yuan extended losses after Moody's downgrade, weakening 0.12% to 6.8889 p
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    Despite the controversies surrounding Prime Minister Najib Razak, a survey has found that he still has considerable support from the public. The nationwide survey which was conducted by PKR-linked Invoke said that out of 17,962 registered voters polled, 44% were happy with the way Najib was governing the country. Another 44% responded in the negative, while the balance of 12% gave no answer