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China says Ghana’s arrest of its miners will not harm relations
China is determined that its relations with Ghana will not be undermined by the arrest of some 200 Chinese illegal gold miners in a crackdown by Ghanaian authorities, a senior Beijing Foreign Ministry official said on Tuesday. The arrests are a sensitive issue for China, which would want to defuse any issue that could stoke popular resentment against its citizens doing business in Africa or ...
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China’s fastest-growing cities for millionaires
Make room for some new up-and-coming Chinese cities where multi millionaires are taking over. But the thing is, most Westerners have probably never heard of these cities. How about Chongqing? Or maybe Hangzhou? New research from WealthInsight shows Chongqing was the fastest growing city for multi millionaires in China between 2007 and 2012. Chongqing’s multi millionaire population ...
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Huawei launches world’s slimmest smartphone
China’s Huawei unveiled its flagship smartphone, the Ascend P6, at its first standalone launch event on Tuesday, underlining its ambitions to compete with Apple and Samsung in the top tier of mobile technology. The company says the device, at 6.18 mm thick, is the world’s slimmest. It has a 5 megapixel front-facing camera, designed for taking ';selfies';, or pictures of ...
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Japan May exports rise 10.1 pct yearyear – MOF
Japanese exports rose 10.1 percent in May from a year earlier, up for a third straight month, Ministry of Finance data showed on Wednesday, in a sign that a weaker yen and a moderate pickup in global demand are supporting a recovery in shipments. The rise in exports was stronger than a median forecast for a 6.5 percent increase in a Reuters poll of economists, and followed a 3.8 percent rise ...
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Japan drifting away from becoming a ‘normal country’ says Xinhua
Japan is edging further away from its goal of becoming a ';normal country'; in the post-war world, China’s state news agency Xinhua said in a scathing editorial published on Tuesday. The piece slammed Japan’s leadership, under hawkish prime minister Shinzo Abe, for making revisionist comments about the country’s past war crimes and turning a ';blind eye'; ...
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Japan watchdog formally OKs new safety requirements at nuke plants paves way for resumption
Japan’s nuclear watchdog has formally approved new safety requirements for atomic plants, paving the way for the reopening of facilities shut down since the Fukushima disaster. The new requirements approved Wednesday by the Nuclear Regulation Authority will take effect on July 8, when operators will be able to apply for inspections. If plants pass inspection, they can reopen. All but ...
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Japan’s exports pick up pace give economy momentum in rough markets
Japan’s exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the government’s efforts to steer the economy through market turbulence. The faster-than-expected rise is welcome news for prime minister Shinzo Abe after recent a sell-off in stocks, volatility in bonds and a spike in ...
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Japan government Bond Auction Signals Stability
Japanese government bond prices gained after a solid 20-year-bond auction indicated returning stability in the market after weeks of turbulence in the wake of the Bank of Japan’s 8301.JA -3.33 percent launch of its massive bond-buying programme in April. Market participants will now focus on the outcome of the Federal Reserve’s two-day policy meeting and any comments Fed chief Ben ...
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Laos End Cover-Up in Activist’s ‘Disappearance’
Laos have failed to seriously investigate or credibly explain the enforced disappearance six months ago of a leading social activist, Sombath Somphone, Human Rights Watch said today. Sombath, 60, the 2005 recipient of ...
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CORRECTED-HIGHLIGHTS-Q2 ThomsonReutersINSEAD Asia Business Sentiment Survey - by economy
Wed Jun 19, 2013 7:21pm EDT (Corrects final paragraph to show Singapore's previous reading was 61, not 63) SYDNEY, June 19 (Reuters) - Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday showed. The Thomson ...
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Asia should unite on energy
/enpproperty--> Asia is being seriously short-changed when it comes to the oil-purchasing deals the region is still tied to. Because the various countries that constitute Asia are usually involved in individual deals, the collective strength of the whole region is not being capitalized as a bargaining tool to leverage more favorable terms in their purchases. Yet the fact is that since 2008, ...
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FBI says it uses surveillance drones on U.S. soil
FBI Director Robert Mueller gestures at the U.S. Senate Judiciary Committee at an oversight hearing about the Federal Bureau of Investigation on Capitol Hill in Washington, June 19, ...
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Skal International Asia elects new president and board
NEGOMBO, Sri Lanka - The 42nd Skal Asia Congress was successfully held in Negombo, Sri Lanka from May 30-June 2, 2013 with about 100 international delegates and local members and VIPs, including Mok Singh, Skal International President; Bernhard Wegscheider, Secretary General of Skal International; Hon. Faiser Mustapha, the Sri Lankan Deputy Minister for Investment Promotion; Hon. Nimal Lanza, ...
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Vietnam Escalating Persecution of Bloggers
Vietnam's strategy of repressing critics big and small will only lead the country deeper into crisis. The latest arrests and assaults on bloggers show how afraid the government is of open discussion on democracy and human ...
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GLOBAL MARKETS-Asian stocks brace for fall China data eyed
Wed Jun 19, 2013 6:41pm EDT * Nikkei futures, Australian stock futures down after Wall St fall * Bernanke confirms market fears of a stimulus withdrawal this year * Dollar higher as U.S. Treasury yields jump By Ian Chua SYDNEY, June 20 (Reuters) - Asian stock markets were braced for a fall on Thursday in line with Wall Street after the U.S. central bank confirmed that it would begin to withdraw ...
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John Kerry calls Hamid Karzai to ease anger on Taliban office
Taliban announced the opening of their political office in Qatar. The rift delayed the announced visit to the region this week by the US special representative for Afghanistan and Pakistan. Karzai was upset that the Taliban used its formal name -- the Islamic Emirate of Afghanistan -- making it look like a parallel institution to his government. Karzai also halted negotiations with the US on a ...
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Somali Islamist rebels attack UN base 22 dead
It was the first significant attack on UN premises by al Shabaab since they were driven out of Mogadishu in fighting with AU and Somali government forces about two years ...
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Why Asian greens are red-hot with gardeners
Dave Hames discovered tatsoi, an Asian salad green, on a trip to Hawaii a few years ago. Many of the vegetables at the farmer's markets he visited there were new to him. Southern Indiana, where he lives, doesn't offer a great variety of the foods of the world. But the taste of tatsoi inspired Hames: "I had one of those 'I can grow that' ...
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Asian stocks mixed ahead of Fed announcement Nikkei rallies on exports
Asian stocks were mixed on Wednesday ahead of Fed Chairman Ben Bernanke’s speech later in the day. The U.S. Federal Reserve two-day meeting ends today and investors are looking for clues on the outlook for ...
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Asian stocks advance ahead of this week`s Federal Reserve meeting
Asian stocks advanced with the start of the week, ahead of the U.S. Federal Reserve two-day meeting that covenes on Tuesday. Market participants will focus on this meeting as it might show the direction of the central bank stimulus ...
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Militants attack military convoy with RPGs in northwest Pakistan killing 6 soldiers
PESHAWAR, Pakistan - A senior police official says militants attacked a military convoy with rocket-propelled grenades and other heavy weapons in northwest Pakistan, killing six soldiers. Shafiullah Khan says two soldiers were wounded in the attack Wednesday, 20 kilometres (12 miles) south of the main northwest city of Peshawar. Two vehicles were destroyed. Khan says the soldiers retaliated, ...
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Aerocar Worlds first flying car up for grabs for $1 million
IndiGo ruled the Indian skies in May, flying almost a third (29.5%) of domestic passengers, while Jet and JetLite together were at No 2, flying 22.5% of the total ...
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Protesters out again in Brazilian cities
SAO PAULO (AP) -- Scattered street demonstrations popped up around Brazil Wednesday as protesters continued their collective cry against the low-quality public services they receive in exchange for high taxes and rising ...
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Karzai boycotts US-backed talks with Taliban because of Pakistani hand
Hamid Karzai suspended negotiation with Washington on Wednesday over a bilateral security agreement, angered by the perceived betrayal of Kabul by the Americans, who in turn appeared to have been suckered by Taliban. The terrorist group, given political stamp of approval by the Obama administration on Tuesday, killed four US soldiers in an attack hours after the talks agreement, despite ...
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Lankan minister says India aiding separatist forces
COLOMBO: A key nationalist ally in the Sri Lankan government on Wednesday slammed India for aiding separatist forces in the country and backed President Mahinda Rajapaksa's plan to go ahead with tinkering the 13th amendment. "It was no secret that India aided the separatist forces in Sri Lanka," Wimal Weerawansa, ...
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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