Eastern Briefing July 21
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Good Morning
 
On this day in 1972, the bloody Friday bombings took place across the United Kingdom. Nine people lost their lives and 130 more were injured. But in span of three decades, the conflict had resolved itself and the Troubles a distant memory. Goes to show that conflicts don't last forever and peace can come through negotiations.
 
 
   
Cod Satrusayang
ANN Managing Director
 
 
  Asian countries sitting on large foreign reserves  
 
     
 
  China is the world's largest holder of foreign exchange reserves. It has over two and half times more foreign reserves than the second largest reserve holder, Japan. It is currently sitting on US$3.483 trillion of foreign exchange reserves, despite recent fall. China is followed by Japan, with a substantial US$ 1.21 trillion worth of foreign exchange.

South Korea and India also have a large pie of the foreign exchange. In South Korea, the foreign exchange reserve is $370 billion​ while​ India holds US$361 billion worth of foreign exchange, as per the World Bank data. Other Asian nations which have the maximum foreign reserves are Singapore (US$251 billion), Thailand (US$171 billion)​ and​ Indonesia (US$116 billion). Malaysia, Philippines and Vietnam have forex reserves of US$94 billion, US$480 billion and US$36 billion respectively.
 
 
 
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Philippines failed to stop terrorist attacks
 
   
 
Philippine security forces failed to prevent numerous terrorist attacks in Mindanao last year and President Duterte’s war on drugs was an added burden on them, the US State Department said in a report this week.

The report said terrorist groups were able to plan bombings, shootings and ambushes “against targets of their choice,” as shown by discovery of a bomb near the US Embassy in Manila on Nov. 28.
 
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South Korean President rating drop after wage hike
 
   
 
President Moon Jae-in's approval rating dropped this week amid local businesses' worries over a recent decision to raise next year's minimum wage and a political dispute over his personnel choices, a survey showed Friday.

In the weekly survey conducted from Tuesday to Thursday by local pollster Gallup Korea, Moon's rating was tallied at 74 percent, down 6 percentage points from a week earlier.
 
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Terrorists still raising funds in Pakistan
 
   
 
Pakistan could be in trouble for not doing enough to prevent militant groups from raising funds inside the country, warns a report of the US State Department.
 
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UK considers submitting wartime records to Colombo
 
   
 
The UK is willing to consider submitting uncensored wartime dispatches sent by its High Commission in Colombo to London to the proposed hybrid war crimes court.
 
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Founded in 1999 with seven members, ANN now comprises 22 leading media, mostly leading national English-language daily, from South, Southeast and Northeast Asia. ANN’s main activities are daily exchanges of news, photos and a host of other collaborations.
 
 
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