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China Pakistan vow to deepen co-op in joint statement
China and Pakistan have agreed to cement their strategic partnership and deepen comprehensive strategic cooperation in various areas, according to a joint statement issued Thursday during Chinese Premier Li Keqiang’s visit to the South Asian nation. The statement said both sides are satisfied with their relationship, which contributed to peace and stability in the region and acquired ...
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The Powerful People Arguing for US-China Free Trade
Recommending that the US and China work toward a free-trade deal is a bit like stepping into a prize fight and asking the boxers to settle their differences peacefully. But some powerful people on both sides of the Pacific Ocean are doing exactly that. A report by a blue-ribbon, binational panel assembled by the China-United States Exchange Foundation said this week that the countries ...
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Huawei’s Middle East revenue rose 18pct in 2012 executive
China’s Huawei Technologies Co’s Middle East revenue rose 18 percent to $2.08 billion in 2012 and the roll-out of 4G mobile networks and IT outsourcing will be among its main regional growth drivers, the firm said. The world’s second-largest telecom equipment maker also expects Middle East telecom operators to prioritise improving network efficiency, Shi Yaohong, president of ...
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Japan’s Meiji Yasuda can start buying 10-yr JGBs at 1 pct
Japan’s Meiji Yasuda Life Insurance Co said on Friday it will shift some of the money earmarked for foreign bonds to Japanese government bonds given their rise in yields. Japan’s third-largest private life insurer said it can start buying 10-year Japanese government bonds at 1 percent and 20-year debt at 1.7 percent. The 10-year yield was traded at 0.825 percent on Friday ...
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Singapore economy basks in a rare burst of sunshine
IT was a good day for Singapore’s economy, with positive surprises on three fronts: An unexpected upgrade to gross domestic product (GDP) meant the economy grew 0.2 per cent instead of contracting in Q1, April inflation plunged to a three-year low of 1.5 per cent, and April factory output bounced 4.7 per cent not just on pharmaceuticals but also the first year-on-year electronics expansion ...
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Indian companies line up to raise funds in Singapore
Easy access and a diversified investor base in the Singapore bond market is increasingly attracting Indian firms looking to raise money at cheaper rates. They have raised S$1 billion this year, already 30 percent higher than the whole of 2012, according to Dealogic, the global deal tracker. Recently, four Tata companies, including the marquee Tata Motors Ltd, raised $624 million in Singapore ...
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Scientist’s family seeks US Congress Thai expert’s help
The parents of a US scientist found hanged in Singapore last year said Thursday they will seek a US congressional inquiry and tap a celebrity Thai pathologist to prove their son was murdered. Mary Todd, mother of the late researcher Shane Todd whose death in June 2012 was ruled a suicide by the Singapore police, indicated the family did not expect the US government to intervene because of its ...
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HSBC Plans to Sell First Yuan Bond to Be Cleared in Singapore – Sources
HSBC Holdings PLC (HBC) plans to sell the first yuan-denominated bond to be cleared out of Singapore, in a step forward for the city-state which is trying to build itself into an offshore trading hub for the Chinese currency. The UK banking giant’s plan comes as Singapore is set to kick off its long-anticipated yuan-clearing service Monday, after Beijing in February approved Industrial ...
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Philippines exports 15 metric tonnes of rice to HK
A shipment of 15 metric tonnes (MT) of black, brown and red rice from the Don Bosco Multi-Purpose Cooperative (DBMPC) in Cotabato was exported last May 15 to Hong Kong, the department said in a statement. This is the country’s second rice shipment this month. The first shipment was on May 6 where 35 MT of organic black rice and aromatic Jasponica rice was sent to Dubai. Agriculture ...
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Philippines business sentiment at all-time high in Q2 Central bank survey
Business sentiment in the Philippines soared to an all-time high during the second quarter after the country was awarded investment grade credit ratings by Fitch Ratings and Standard & Poor’s, the central bank said on Thursday. The result of the central bank’s quarterly Business Expectations Survey showed the overall confidence index rising to 54.9 per cent from first ...
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Philippines cemetery provides Manila’s poor a place to live among the dead
Every morning, Alberto Lagarda Evangelista, 71, leaves the two-storey, lemon-yellow home he has lived in for the past decade and walks to work at the cemetery next door. As a caretaker of about 20 graves, Evangelista earns just 20,000 pesos (GBP 315) a year, a sum so small that he must share his house with seven other people – all of whom are dead. Evangelista lives and works in the ...
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Philippine capital angered by ‘Da Vinci Code’ author
Philippine authorities Thursday reacted angrily over ';Da Vinci Code'; author Dan Brown’s portrayal of Manila as ';the gates of hell'; in his latest novel. The book ';Inferno'; includes a character who describes the capital as a city of horrible traffic jams, suffocating pollution, massive poverty and a thriving child sex trade. The chair of the government ...
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Grounded ship is Philippines’ last line of defence
A handful of marines living on a World War II-era ship that is grounded on a remote, tiny reef is the Philippines’ last line of defence against China’s efforts to control most of the South China Sea. The soldiers are stationed on Second Thomas Shoal in the Spratly Islands aboard a former US tank-landing vessel that was deliberately abandoned there to serve as a base, according to ...
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Forum on Pan-Asian traveler trends
/enpproperty--> Set for June 3 at the Shanghai Theater, Portman Ritz-Carlton in Shanghai, the International Luxury Travel Market Asia 2013 opening forum will hear leading industry experts discussing the ongoing rise of the region's luxury travel industry and explore opportunities to build business across the region. Continuing until June 6, the expo will host nearly 500 elite ...
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Reforming Telecommunications in Burma
This 24-page report outlines steps necessary to promote adequate protections for Internet and mobile phone users in Burma, and ways to foster responsible investment in Burma's telecom sector. In January 2013, the Burmese government announced plans to open the country's telecom sector to foreign investment and is scheduled to award two nationwide licenses to companies by June 27. As of ...
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Asias Week China Still on Flu Watch
Qingdao, for a while, grew to the sky. (Photo: Wikipedia) While Asia basked another week in generally favorable economic winds-minus that little 7% stock squall in Japan in Thursday, whatever that was about-there remained an undercurrent of worry about China. ...
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Bail denied to Massachusetts teen accused of Facebook terror post
BOSTON (Reuters) - A judge denied bail on Friday to a Massachusetts teenager who was arrested on terrorism charges after posting lyrics on his Facebook page suggesting he could do worse than the Boston Marathon ...
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UK clears first free school for Sikhs
LONDON: Authorities have approved England's first free school for Sikhs in Leicester, which has a sizeable ethnic minority population. Nine gurdwara leaders had proposed the school, which will open in September next year. The school, where only vegetarian food will be served, will be open to students from other two faiths too, but half its seats will be reserved for Sikh students. The state ...
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Policeman five gunmen killed in Kabul Taliban attack
KABUL (AFP) - Explosions rocked central Kabul for several hours on Friday after Taliban gunmen launched a major suicide and gun attack centred on a compound of the International Organization for Migration (IOM).One police officer was killed and five militants were shot dead as security forces hunted down the attackers, with prolonged bursts of gunfire and grenade blasts heard across the Afghan ...
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Boris Becker backing new Asian tennis league
The three-time Wimbledon champion is joining ex-players Justin Gimelstob and Mahesh Bhupathi in founding the International Premier Tennis ...
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Asia Entertainment Resources Ltd. Announces Proposed Rights Offering
HONG KONG--(BUSINESS WIRE)-- Asia Entertainment & Resources Ltd. ("AERL") ( ), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter in Macau, today announced the record date for a proposed rights offering. As AERL previously announced, AERL is seeking to dual list its securities on the Hong Kong Stock Exchange. In order ...
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Google eyes African Asian markets
GOOGLE is reportedly deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast ...
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Yen trade volatile in Asia along with Japan market
TOKYO--Yen trading was volatile in Asia on Friday in tandem with wild swings on the Tokyo stock market, but some analysts said the Japanese currency's weakening trend was likely to ...
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Pakistan releases 45 Indian fishermen from Karachi prison
prison in Karachi on Friday.After the release, the prisoners boarded a bus that drove them to Lahore where they will be handed over to the Indian authorities at the Wagah-Attari land border checkpost.The fishermen were released on the orders of caretaker Prime Minister Mir Hazar Khan Khoso."As many as 45 fishermen, who have completed their jail term, are now being repatriated to India. ...
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Burma Investors Need Robust Rights Safeguards
Companies investing in Burma should disclose how they plan to deal with the very serious human rights risks they face. But the real test will be how companies on the ground actually address the abuses that have frequently accompanied major ...
Asia Pacific Focus
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Asia Pacific leads world in creating wealth
The Asia Pacific region houses a higher proportion of High Net Worth Individuals (HNWIs) than any other region on earth.
The claim is part of the World Wealth Report prepared by Merrill Lynch which studied wealth effects in seventy one countries, which account for 98% of global gross income and 99% of world stock market capitalization. Read more
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