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Burma New Doubts About Pace of Reforms
Burma ’s president to ask tough questions about the slowing pace of human rights reforms and insist on implementation of past commitments, Human Rights Watch said today. President Barack Obama is hosting a visit to Washington, DC, by Burma’s president Thein Sein on May 20-21, 2013. Six months after Obama’s visit to Burma, key pledges by the Burmese government remain ...
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ASIA CREDIT CLOSE Nikkei rout adds push to credit sell-off
Thu May 23, 2013 4:43am EDT SINGAPORE, May 23 (IFR) - A sell-off in Asian credit gained momentum after the Japanese stock market suffered a steep drop this afternoon. Investment-grade credits were already some 2bp wider in the morning as investors digested the content of Fed chairman Ben Bernanke's testimony last night to the US Congress. However, after lunch a 7.5%-plus drop in the Nikkei ...
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Stricken Japan nuke plant struggles to keep staff
TOKYO (AP) -- Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission ...
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Perth could be Asias oil gas tech hub
Perth has an opportunity to become the best oil and gas technology centre in Asia by modelling itself on major hubs in Scotland and Norway.Some of the world's biggest oil and gas companies continue to attract bright professionals to Western Australia and salaries in the local energy sector are now among the highest in the world.Woodside Petroleum chief executive Peter Coleman says Perth has ...
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Bangladesh Owners many failings led to collapse
FILE - In this Sunday, May 12, 2013 file photo, Bangladeshi soldiers stand amid the rubble of the garment factory building that collapsed on April 24 as they continue search operation in Savar, near Dhaka, Bangladesh. A government investigation said poor quality construction materials and building code violations contributed to the collapse of building housing garment factories last month in ...
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Heat wave causes power outages anger in India
An Indian man bathes as a woman prepares to wash clothes at a lake on a hot afternoon in New Delhi, India, Wednesday, May 22, 2013. The capital city has been reeling under a heat wave with temperature crossing 44 degree Celsius (112 Fahrenheit) on Wednesday. (AP Photo/Altaf ...
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Business Briefs May 23
* APMTenninals, a member of A.P. Moller-Maersk Group, on Monday held a meeting with the Ministry of Transport to discuss the construction of an international goods transhipment centre in Cai Mep-Thi Vai, Ba Ria-Vung Tau Province. * GM Motor Vietnam on Monday introduced in Vietnam the new mini Chevrolet Spark 1.0 AT directed at young, dynamic first-time car buyers and urban residents. The ...
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Asian Debt Beware of Bubbles
Gresik is a small industrial town of fewer than 100,000 people, just to the north of Indonesia's second-largest city, Surabaya in East Java. But its position is critical. It sits near the Lombok Strait, the second most important shipping gateway between the Indian Ocean and the South China Sea and the vital trade route for fuel and resources between China and Australia. That is why AKR ...
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NZ US agree on further co-op in Asia-Pacific
/enpproperty--> WELLINGTON - Government and defense officials from New Zealand and the United States on Thursday reiterated their commitment to continue strengthening their "strategic partnership" on a range of issues in the Asia-Pacific region. A joint statement issued from the US-New Zealand Strategic Dialogue in Washington said the issues discussed included the US ...
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Four sentenced to death over grisly Malaysia murders
A Malaysian court on Thursday sentenceda lawyer and three farm workers to death over the gruesome murder of aglamorous cosmetics tycoon and her three ...
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Outrage grows over scandal-tainted Sarawak chief minister
Despite earning a civil servant's salary for three decades, Taib Mahmud, the powerful chief minister of Malaysia's Sarawak state, is reputed by critics to be one of Asia's richest ...
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Asian-Americans united on immigration overhaul
In passing a broad, much-amended bill on immigration, the US Senate Judiciary Committee has cleared the way for a full debate in which Asian-Americans will be a vocal proponent. The community, whose diverse heritage reflects that of the world's biggest continent and numerous Pacific islands, rarely speaks with a single voice on public policy. But reforming what many say is a broken US ...
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Briton 10 died minutes after injection in IndiaThe most-shocking case to emerge is that of 10-year-old Damien Herian from Wolverhampton who complained of a stomach-ache while at a theme park in Jalandhar.The boy was given an injection.
Gurkiren was killed by health workers in Punjab to illegally harvest her organs, stories of other such unexplained deaths of Britons in Punjab are coming out. The most-shocking case to emerge is that of 10-year-old Damien Herian from Wolverhampton, who complained of a stomach-ache while at a theme park in Jalandhar. The boy was given an injection. Minutes later he was dead, Birmingham labour ...
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Japanese climber 80 becomes oldest atop Mount Everest
KATHMANDU, NEPAL: An 80-year-old Japanese man became the oldest person to climb Everest breaking the record set by a Nepali who climbed Everest at the age of 76 in ...
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We want to start a war in London suspect tells eyewitness
LONDON: British counter-terrorism police were on Thursday investigating the murder of a man thought to be a soldier, who was butchered and beheaded on a busy London street by two men shouting Islamist slogans. The attackers, wielding knives including a meat cleaver, carried out the attack a few hundred metres (yards) from the Royal Artillery Barracks in Woolwich, southeast London, then delivered ...
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Japan stocks dive as benchmark bond yield spikes
BANGKOK (AP) -- Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at ...
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Malaysian Student Activist Charged with Sedition After Calling for Protests
A Malaysian student activist has been charged with sedition after he called for protests against the results of an election that the opposition says was ...
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Japan bond yields jump following Fed comments
TOKYO -; Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in interest rates. Japanese shares fell ...
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Car Bomb Kills 12 In Pakistans Southwest
Police in Pakistan say a bomb planted on a vehicle in the southwest of the country has killed 12 people, including 11 police officers. Police officials said the attack just outside Quetta also wounded more than 20. Police said the bomb targeted a vehicle carrying members of the police's special forces. Quetta is the capital of southwestern Balochistan Province, which is a ...
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Nawaz Sharif seeks civil nuclear technology from China
Li Keqiang . Sharif called on Li at a hotel here this morning and discussed ways to strengthen bilateral relations in different fields. He focussed on civil nuclear technology, trade and foreign investment during his talks with Li, Geo News channel quoted its sources as saying. The PML-N chief said China had invested in Pakistani nuclear projects in the past and should provide more cooperation ...
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Malaysian charged with sedition 2 more arrested
KUALA LUMPUR, Malaysia (AP) -- Malaysian authorities detained two anti-government figures and charged a student activist with sedition Thursday, raising political tensions after recent national elections triggered claims of ...
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Korea Japan dominance eroded in Asian football
SEOUL, South Korea -- South Korea and Japan's domination of eastern Asian football is being further eroded, judging by the make-up of the quarterfinalists in this season's Asian Champions League.The two nations have between them won all but one of the past seven Asian Champions League titles -- with the exception being a penalty shootout loss in the final -- and have been the top dogs ...
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South Korean girl killed by suicide jumper Report
SEOUL: A seven-year-old South Korean girl was killed instantly after being struck by the body of a man as he plunged from his tenth-floor apartment in an apparent suicide, a report said Thursday. The 40-year-old man jumped from the flat in the southern port of Busan on Wednesday evening and hit the daughter of his neighbour who was emerging from the apartment building, SBS TV station said. The ...
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Asia stocks slide as China factory output slips
Recession in Europe, growth-robbing deflation in Japan and economic anemia in the U.S. have finally caught up with export-hooked China despite the government's attempts at bolstering consumption at ...
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Indian Shares Extend Losses On Asian Cues Weak Rupee
markets lower on Thursday after Fed chief Bernanke hinted at reducing the current pace of bond purchases and preliminary data showed China's manufacturing activity contracted for the first time in seven months in May. The Indian rupee opened at 55.84 against the dollar, hitting a fresh six-month low, weighed down by a stronger dollar and lingering concerns about India's high current ...
Asia Feature
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Asia's largest ever infastructure project
The Trans-Asian Railway has been faltering since it was first proposed in the 1960s by the United Nations Economic and Social Commission for Asia Pacific (ESCAP). Throughout the 60s, 70s and 80s the project was hindered by political instability, the wars in Indochina, the reticence of China and a subsequent lack of finance in Asia for mega-projects of this kind.
Now, however, with China emerging as the number two most dominant economy in the world, the project to link two major continents (Asia and Europe) is finding its feet once more and the Chinese are looking into investment opportunities, with some aspects of the project, such as the several thousand kilometers that pass through Thailand, being slated for possible construction in 2013. Read more
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