HONG KONG -- Former Chair of Federal Reserve of the United States Janet Yellen said here Monday that the U.S. yield curve inversion did not signal a recession, but there might be a rate cut.

Speaking at an investment conference in Hong Kong on Monday, Yellen said: "In contrast to times past, there's a tendency now for the yield curve to be very flat, because long term rates have two components. (Hong Kong-Janet Yellen-Economy)

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TOKYO -- Rallies were held in Japan's southernmost prefecture of Okinawa on Monday, with protestors calling for the central government to scrap its plans to relocate a U.S. airbase within the island as it runs contrary to the will of the majority of local citizens.

A prefectural referendum in Okinawa last month showed that more than 70 percent of eligible voters are opposed to the central government's plans to move the controversial U.S. Marine Corps Air Station Futenma from Ginowan, to the coastal region of Henoko. (Japan-U.S. base-Rallies)

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BANGKOK -- Pro-military party Palang Pracharath won 97 constituency MP seats while the main pro-Thaksin party Pheu Thai got 137 constituency MP seats in Thailand's first general election since 2014 coup, according to the Election Commission's unofficial results on Monday.

The EC unveiled a 95-percent poll results after the second delay within 24 hours. (Thailand-Election)

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COLOMBO -- Sri Lanka's state owned Ceylon Electricity Board (CEB) on Monday said that following severe dry weather prevailing in the island country, daily power cuts would be imposed throughout the country for four hours.

General Manager of CEB S.D.W Gunawardana told local journalists that Sri Lanka faced a shortfall in hydro power generation due to lack of rain in the reservoir areas. (Sri Lanka-Power cuts) Enditem

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