Latest Asia News
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China asks N Korea to free seized boat
China says it has called on North Korea to secure the release of a fishing boat and its crew seized earlier this month. Owner Yu Xuejun said the vessel had been in Chinese waters when the 16-man crew were seized on 5 May. Yu said the North Korean captors were demanding a 600,000 yuan ($100,000, GBP 66,000) ransom. State-run Xinhua news agency said that diplomats in Pyongyang had been asked ...
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China’s ambitious plans for its huge reserves
I ask, because while so many Western governments spend sleepless nights worrying about the size of their trade deficits, China has the opposite problem. Thanks to its export success, China is the world’s largest holder of foreign exchange reserves. Those reserves are growing all the time and currently stand at a record $3.44 trillion. That’s $3,440,000,000,000 if you want all the ...
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China Home-Price Gains Signal Growth Challenge for Li Economy
China’s new-home prices rose last month in 68 of 70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool the property market even as economic growth slows. Increases in Guangzhou, Beijing and Shanghai were the biggest on a yearly basis since a change in data methodology in January 2011, a report from the National Bureau of Statistics ...
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China Property Gains Defy government Plans
Surging credit has kept China’s real estate-sector humming despite a renewed attempt by the government to bring prices under control, supporting short-term economic growth but risking a destabilising decline in prices down the line. Average house prices rose 4.3 percent from a year earlier in April after gaining 3.1 percent in March, according to The Wall Street Journal’s ...
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Despite curbs China’s vast hot money triangle flourishes
In an underground mall just a stone’s throw from China’s teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling hub. ';Good rates. Better than the banks,'; shout salespeople jostling to usher clients into shops where thick wads of Chinese 100 ...
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China ‘will not accept’ carbon tax on EU flights report
China will not pay for CO2 emissions by its airlines on flights within Europe, a top civil aviation official reportedly said after the European Commission warned eight Chinese firms face fines for nonpayment. The world’s second largest economy ';will not accept any unilateral and compulsory market measures';, Yan Mingchi, deputy director-general of the legal and regulation ...
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Three new suicides at Apple supplier’s China factory
Three Foxconn workers have committed suicide at a factory in China in the past three weeks, a labour rights group said on Saturday. All three jumped to their deaths at a plant in the central city of Zhengzhou run by the Taiwanese electronics giant. A 30-year-old married man killed himself on Tuesday following the similar deaths of a 23-year-old woman on April 27 and a 24-year-old man three ...
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EU China have ‘much to lose’ in case of trade war
The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they seek, analysts said. In May alone, the two have locked horns over solar panels, steel tubes and telecoms equipment, sparking fears of a trade war between two of the world’s biggest trading partners. Analysts ...
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President Obama to meet Chinese president in California in June
President BarackObamawill hold his first summit with President Xi Jinping in California next month, with Sino-US relations rattled by alleged Chinese cyber spying and tensions in the ...
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Asia Very Very Competitive for OTAs.
) told analysts that "the absolute economics in terms of the pricing of hotels and the competition makes it potentially more expensive" than other key global markets. But the pay off is that Asia Pacific markets are growing fast, more than compensating for the high costs borne by its two major regional ...
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Mobiles offer financial lifeline to Asian migrants—study
Asia’s mobile revolution is set to transform the region’s financial services industry, offering a cheap way for millions of migrant workers to send money home to their families, a report said on Monday, May 20, 2013. JOHN MOORE/GETTY IMAGES/AFP BANGKOK--Asia’s mobile revolution is set to transform the region’s financial services industry, offering a cheap way for ...
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CTS Australasia Exports to South America Plummet
Containerized export volume from Australasia/Oceania to South and Central America steeply declined in March 2013, according to data from Container Trades Statistics ...
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More From South Asia
US school directly hit by tornado: Police Television footage on Monday afternoon showed homes and buildings that had been reduced to rubble in the city south of Oklahoma ...
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Myanmars president calls for end to communal violence
Myanmar's President Thein Sein on Monday urged an end to intercommunal violence and discrimination after hearing a call from US President Barack Obama to put a stop to ethnic unrest in the ...
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US school directly hit by tornado Police
Oklahoma City suburb took a direct hit from a mile (1.6 kilometer) wide tornado. Gary Knight with the Oklahoma city police department says there is no word of injuries from the elementary school. Knight says the school suffered "extensive damage" on Monday afternoon. Neighborhoods in Moore, Oklahoma, are flattened and buildings are on fire. Television footage on Monday afternoon showed ...
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Luxury labels designs on South East Asia
Rany Moran is the kind of high-spending customer that Europe's luxury fashion brands are looking to court. The Indonesian businesswoman based in Singapore runs a television station, manages her family's property development business and has a social calendar that demands a large wardrobe full of designer ballgowns and smart Dior suits. "There is always an expectation that you ...
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Obama praises Myanmar reform but warns on ethnic unrest
US President BarackObamaon Monday saluted Myanmar President Thein Sein for his leadership in pushing through startling political reforms, but warned ethnic violence in the country must ...
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US charges three New York University researchers in Chinese bribery case
New York University researchers on Monday, alleging they conspired to take bribes from Chinese medical and research outfits for details about NYU research into magnetic resonance imaging technology. A criminal complaint filed in the US district court in Manhattan charged Yudong Zhu, 44, Xing Yang, 31, and Ye Li, 31, with commercial bribery in connection with NYU research financed by the US ...
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Obama cites Myanmar reforms during President Thein Seins visit
Thein Sein of Myanmar has shown leadership to move his country toward political and economic reforms. Obama spoke as he sat in the Oval Office with the Asian nation's president at his side. It was the first time a Myanmar leader has visited the White House in 47 years. Activists object to the invitation because of concerns over human rights in the country. But it marks a turnaround in ...
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Baghdad car bomb kills 13 raises death toll to 70Iraqi officials say a car bomb in another Shiite neighbourhood in Baghdad has killed 13 people.
Shia neighborhood in Baghdad has killed 13 people. The blast pushed the day's death toll from a deadly wave of bombings and shooting attacks across Iraq to 70. The officials say the latest blast struck on Monday afternoon in a busy market in the Shaab Shia neighborhood of the Iraqi capital. A police officer says 25 people wounded in the explosion. A medical official confirmed the casualty ...
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Hong Kong launches plan to tackle waste crisis
HONG KONG (AFP) - Hong Kong on Monday launched a ten-year plan to reduce waste by 40 percent per person as part of efforts to catch up with other leading Asian cities and avert a looming environmental crisis.With a population of more than 7 million, the city currently sends 1.27 kg (2.8 pounds) per person per day to three huge outdoor landfill sites which are set to reach capacity by 2020.The ...
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Golf Guans dream run will continue at Memorial tournament
Chinese schoolboy Guan Tianlang, the youngest player in Masters history, will continue his dream run in US PGA events by playing in next week's Memorial tournament, organisers said on ...
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US concerned over defamation charges against Egyptian journalists
El-Watan newspaper, and Alaa El-Ghatrify, its managing editor, state newspaper Al-Ahram reported. Over the last few months several journalists, talk show hosts and comedians in Egypt have been charged with defamation, and activists accuse the government of using the courts to crack down on dissent. El-Watan is fiercely critical of Mursi and ...
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Pakistans presumptive PM calls for Taliban peace talks
Nawaz Sharif, who is expected to resume is former post as Prime Minister, could have difficulty getting the military on his side. The army chief says he would only sit down with the Taliban if they 'unconditionally submit to the state, its constitution and the rule of law.' (K.M. Chaudary/Associated ...
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Obama voices concern to Lebanon on Hezbollah role in Syria
WASHINGTON (Reuters) - U.S. President Barack Obama told his Lebanese counterpart on Monday he was concerned about Lebanese Hezbollah militants fighting in Syria to support Syrian President Bashar al-Assad, the White House ...
Brunei Featured
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New Focus on Brunei's Schools
Brunei has an education system to be proud of, which has made the recent discovery of dirty and badly maintained toilet facilities at 180 schools all the more unacceptable for the Ministry of Education.
Brunei has one of the best systems of education in the region. As a country, Brunei spends over 10% of its government budget on education, among children in the country there is a 99% literary rate, and schooling for all citizens is free (while foreign residents pay only a small charge). Read more
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