Latest Southeast Asia News
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Myanmars kyat currency slumps to a low as imports flood in
A woman counts Myanmar Kyats at a money changer in Yangon on May 23, 2013. Myanmar's currency has plunged more than 7 per cent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia's newest democracy. -- FILE PHOTO: ...
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Chennai hospital saves Pakistani afflicted with dilated cardiomyopathy
International News: If hearts have nationalities, then the first was Pakistani, and the second, Indian. Chennai hospital saved religious teacher afflicted with dilated ...
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Business Briefs May 24
* The Securities Depository centre said that it has transferred the ownership of 389,057 shares of Long Hau JSC (LHG) from Ban Viet Securities Investment Fund to 21 investors on May 22. * PetroVietnam general Services Joint Stock Corp (PET) has sold 788,880 treasury shares as registered at an average price of ...
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Asia Roundup US Fed and China news spook marts
Hawkish comments by United States Federal Reserve chairman Ben Bernanke and weakness in China’s factory activity rocked Asian markets yesterday,Thursday May 23 3013 taking the dollar to three-year highs, sending share markets lower, and hitting the Japanese government bond market as yields rose to their highest in a year. Stock and bond markets took their cue from the drop in US equities ...
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Life Terms Urged in Bangladesh Building Collapse
DOHA, May 23 2013 (Al Jazeera) - Those responsible for the Bangladesh building collapse that killed more than 1,000 garment workers should be given life in prison, a government-appointed committee has ...
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Groaning Under Power Cuts Scorching Temps in Pakistan
- Raheel Tauseef is feeling quite powerless this summer. Frequent power outages in the industrial city of Faisalabad in the Punjab province of eastern Pakistan, where the 29-year-old and his family run three hosiery factories, are taking a heavy toll on their ...
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Vietnams CPI deflates again in May
Vietnam's consumer price index (CPI), a calculator for the inflation growth, deflated again in May, down by 0.06 percent against the previous month, reported the Vietnam General Statistics Office on Friday.The figure posted an increase of 2.35 percent compared to last December and 6.36 percent to last May, pushing the first 5-month index this year to rise by 6.74 percent over the same ...
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China-Pakistan friendship to grow with fresh vigor premier
Visiting Premier Li Keqiang said here Thursday that the commitment shared by China and Pakistan to deepening bilateral cooperation will inject new vigor into their friendship.The two nations boast an evergreen friendship that is always full of vim and vigor, Li said in a meeting with a cross-section of Pakistanis devoted to bilateral friendship.Noting that the participants are all witnesses and ...
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Western hypocrisy over Chinese nukes
if you are interested in contributing. A defense white paper released by China on April 16 has invited a debate over a shift in its nuclear policy, because this new paper, unlike previous editions, did not reiterate China's long-standing no-first-use nuclear weapons doctrine. [1] Colonel Yang Yujun, a spokesman of China's Ministry of Defense, answered the speculation ...
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Chinas reform hands fail to clap
By Willy Lam A near-schizophrenic bifurcation has informed Chinese-style reform as implemented by the six-month old administration of General Secretary Xi Jinping and Premier Li Keqiang. On the one hand, the preserving stability ...
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Neo-Nazi denial in Myanmar
if you are interested in contributing. Myanmar has a newly registered Nazi party, the Rakhine National Development Party (RNDP), created ceremoniously in the wake of last year's anti-Muslim ethnic cleansing in western Rakhine State. Naypyidaw has incubated the party, while opposition leader Aung San Suu Kyi has wined and dined publicly with ...
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Indian growth model unsustainable at best
By Kunal Kumar Kundu NEW DELHI- The Indian economy is likely to have grown at a mere 5% in the financial year that ended in March, the lowest growth rate in a decade; investments are falling and the fault lines of Indian politics lie fully exposed. With the government embroiled in a numerous corruption cases, leading to a sense of policy paralysis gripping the economy, business confidence ...
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Americas truth-seeking drone program
if you are interested in contributing. The events of September 11, 2001, serve as a painful reminder that the use unlawful use of force, as designated by the World Court for acts of terrorism, resulted in the costly loss of innocent life. Since Western leaders condemned such acts as wrong and unlawful, it is only logical that Western nations follow by example by avoiding (engaging in) ...
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Neighbors eye Sharif with caution
By Fatemeh Aman WASHINGTON - Following on Nawaz Sharif's victory in the May 11 national elections in Pakistan, many analysts are indicating cautious optimism on the prospect that the new prime minister can strengthen bilateral relations with the country's neighbors, particularly India. While entrenched interests among Pakistan's powerful security establishment constitute one ...
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German savings crisis in Europe and China
Beijing-based economist Michael Pettis has carved out through his "China Financial Markets" blog a distinct position with his commentaries on the Chinese economy, notably with his consideration of the difficulties it faces with its necessary rebalancing towards a more consumption-based model. Asia Times Online here draws the attention of Pettis' analyses to a wider public with ...
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Maynilad First Pacific scouting for possible projects in Southeast Asia
MANILA - Maynilad Water Services Inc looks to flex its muscle abroad in partnership with First Pacific Co Ltd. At the sidelines of Metro Pacific Investments Corp's ...
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Li Keqiangs visit to Pak at a crucial time in history Pakistani daily
Chinese Premier Li Keqiang's two-day Pakistan visit "went beyond the symbolic", said a daily which noted China is a wealthy neighbour that "does not hand out free lunches".Li's visit "went beyond the symbolic - significant because he was here at a crucial time in our political history, with the process of transition from one government to another now in ...
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Dai-ichi to buy 40 in Indonesias Panin Life-source
Samsung Galaxy S4 versus HTC One: Which is a better buy? The mobile giants step back into the ring for another round, as we referee the fight between ...
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Syrian govt to take part in peace conference
MOSCOW (AP) -- The Syrian government has agreed to a conference on the country's future proposed by Russia and the United States, Russia's foreign ministry said ...
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Li still flying the Asian flag by herself
Paris – Li Na's momentous French Open title win of 2011 was expected to open the floodgates for Asian – and in particular Chinese – players in world ...
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Hungary hunts shadowy Singaporean Tan mastermind of global match fixing ring
(28 mins ago) Hungarian prosecutors have indicted a Singaporean businessman known as Dan Tan and 44 Hungarians suspected of being involved in an international match-fixing conspiracy. Tan was known as the ';boss’’ by his accomplices Chief Prosecutor Imre Keresztes said in a statement that 32 local and international matches are thought to have been manipulated by the suspects, ...
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Pakistani umpire Rauf dumped from Champions Trophy
(37 mins ago) Pakistani umpire Asad Rauf has been withdrawn from next month's Champions Trophy by the ICC because Indian police are investigating his performances during the ongoing IPL. ';In the wake of reports we feel that is in Asad's best interests, as well as those of the sport and the event itself, that he is withdrawn from participating in the ICC Champions ...
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Japanese PM leaves for Myanmar on ties
Japanese Prime Minister Shinzo Abe on Friday left for Myanmar in an effort to promote bilateral ties and improve Japan's economic cooperation with the Southeast Asian country. During the three-day visit, the first trip made by a Japanese prime minister to Myanmar in 36 years, Abe is expected to hold talks with Myanmar President Thein Sein and other senior officials. "Japan will ...
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Pakistan to become Beidou client
Beidou on the international market, will create a network of stations across Pakistan to enhance the location accuracy of Beidou, according to Huang Lei, international business director of the ...
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Most Asian stock indexes are lower
The appetite for risk is neutral after improving in the US session on Thursday upon dissecting Wednesday's Federal Reserve reiteration of the likely scaling back its asset purchase program in June. All eyes are on Germany's Ifo report. But volatility persisted in the Nikkei 225. Most foreign currencies remain relatively firm after all reversed losses the day before. Most Asian stock ...
South East Asia Digest
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Southeast Asia's growing prominence in world trade
Southeast Asia has been, for many centuries, a major part of world trade and the recent recession has not hampered this position as the region is recovering much faster than many more developed countries.
Southeast Asia, although geographically large, covering an area of around 5 million square miles, is comparatively small economically in relation to the number of people that inhabit the area. The Southeast Asian region is home to over 500 million people and yet the region’s GDP is just US$1.5 trillion, or around US$2,500 per person annually. Read more
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