JAKARTA -- Seven people were killed and two others seriously injured when a minivan collided head-on with a passenger bus in Gresik Regency of Indonesia's East Java province on Thursday, an official said.

The crash occurred as the two vehicles were traveling along the Panggangsampeyan Street in Gresik Regency, according to Ryno A, an official from the local disaster management and mitigation agency. (Indonesia-Traffic Accident)

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MANILA -- The Asian Development Bank (ADB) said Thursday it has issued its first local currency education bond, raising 45.7 billion Mongolian tugrik (approximately 13.1 million U.S. dollars) to support an education project in Mongolia.

The five-year Mongolian tugrik-denominated bond carries a fixed coupon rate of 10 percent, the Manila-based bank said in a press release. (Philippines-ADB-Mongolia)

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SEOUL -- Lee Jae-myung, ex-leader of South Korea's main liberal opposition Democratic Party, announced his bid for a snap presidential election via a video message on Thursday.

Lee resigned as party leader on Wednesday amid widespread expectations for his presidential run. (South Korea-Bid-Presidency)

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JAKARTA -- The Association of Southeast Asian Nations (ASEAN) has cautioned that the United States' latest unilateral tariff strategy risks global economic stability and disrupts international supply chains.

During a special meeting held via video conference on Thursday, the ASEAN economic ministers expressed deep concern over the tariffs' impact on businesses, particularly micro, small, and medium enterprises (MSMEs), as well as global trade dynamics. (ASEAN-U.S. Unilateral Tariffs) Enditem

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