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Phl China stand firm on territorial claims
The Philippines and China are standing firm on their respective positions on maritime territorial disputes but are committed to keeping peace in the region and improving bilateral relations. This was stressed by delegates of the two countries to the 19th Philippines-China Foreign Ministry Consultations (FMC) in Beijing held last June 14. In the meeting, Philippine and Chinese representatives ...
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China’s Military Buildup Worrisome Japan’s US Ambassador Says
China’s ';spectacularly active'; naval posture and ';massive'; military buildup in Asia are part of a pattern of belligerent behavior toward Japan and other neighbours over maritime disputes, according to Japan’s ambassador to the US Speaking at a Bloomberg government breakfast in Washington yesterday, Japanese Ambassador to the US Kenichiro Sasae described ...
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From Cheney to China 7 things we learned about Obama
As his popularity has dropped to 45 percent, the lowest in a year and a half, President Barack Obama talked with PBS’ Charlie Rose. The president covered a world of issues, including how some critics now liken him to a particular Republican adversary. Here are his thoughts on seven of the topics he discussed on Monday evening. Obama as the new Dick Cheney? When asked if there is ...
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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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James Gandolfini star of The Sopranos dead in Italy
Actor James Gandolfini, best known for his Emmy-winning portrayal of a conflicted New Jersey mob boss in the acclaimed HBO cable television series "The Sopranos," has died while vacationing in Rome, the network said on ...
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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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Brazil officials reverse subway bus fare hike
A demonstrator holds up a Brazilian flag in front of a group of protestors gathered in the main plaza of Sao Paulo, Brazil, Tuesday, June 18, 2013. Some of the biggest demonstrations since the end of Brazil's 1964-85 dictatorship have broke out across this continent-sized country, uniting multitudes frustrated by poor transportation, health services, education and security despite a heavy ...
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NZ needs to keep up its commitment to Southeast Asia
New Zealand has been highly successful in engaging with Southeast Asia - but is competing with more countries for attention in the region, according to a new report from the Asia New Zealand Foundation.The report, "Mind the Gap: New Zealand and Regional Institutions in Southeast Asia" says new initiatives are needed to sustain New Zealand’s relationship with the region.Author Dr ...
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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 ...
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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