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South East Asia
Singapore overtakes Switzerland as world’s top public banking hub
Singapore starts to overtake Switzerland as the world’s top private banking hub, The Wall Street Journal reports by quoting financial analyses. Wealth managers are stepping up their search for staff to expand in Asia as Singapore overtakes Switzerland as the biggest offshore wealth center in terms of assets under management…
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South East Asia
Indonesia’s economy grows quaterly at 6.02%, slowest in two years
A laborer works at a construction site in Jakarta, Indonesia, May 6, 2013. Indonesia’s economy expanded at 6.02 percent in the first three months, the slowest pace in two years, amid slower exports and government spending, the National Statistic Bureau announced here on Monday. <Xinhua/Zulkarnain>
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East Asia
South African couple purchase pottery at 113th Canton Fair
South African couple Tony Smily and Sally Smily purchase pottery at the 113th China Import and Export Fair, or Canton Fair, in Guangzhou, capital of south China’s Guangdong Province, April 24, 2013. Nearly 25,000 companies, including 562 from 38 countries or regions are attending the fair, China’s largest, attracting over…
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South Asia
Bangladesh’s garment industry hit by building collapse
EU considers action as Pope condemns condition of workers as ‘slave labour’ The European Union is considering trade action against Bangladesh, which has preferential access to EU markets for its garments, to pressure Dhaka to improve safety standards after a building collapse killed more than 400 factory workers. Pope Francis…
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East Asia
RCEP vs. TPP: Choice between China and America?
Editor’s note: A trade talk for the Regional Comprehensive Economic Partnership(RCEP) is scheduled to open from May 9 to 13 in Brunei. The RCEP covers more than half of the world’s population involving 16 countries in the Asia-Pacific region. It aims to become a platform for the integration of trade…
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West Asia
A huge environmental crime in Egypt committed by Qatari LNG carrier
On January 1st, 2009, one of the world’s largest Q-Max LNG carriers was delivered to Nakilat and Qatargas Operating Company Limited at Daewoo Shipbuilding & Marine Engineering Co. Ltd., Okpo shipyard on Geoje Island, South Korea. The Nakilat, the Qatar gas transport companyr, owned 263,000 CBM LNG Carrier “Lijmiliya” that…
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South East Asia
Opening ceremony for 69th session of UN ESCAP held in Bangkok
The opening ceremony of the Ministerial Segment of the 69th Commission Session of the Economic and Social Commission for Asia and the Pacific (ESCAP) is held in Bangkok, Thailand, April 29, 2013. The 69th UN ESCAP Commission Session is held at the UN Conference Center in Bangkok from April 25…
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West Asia
An Egyptian vendor feeds sheep for sale
In this Wednesday, April 24, 2013 photo, an Egyptian street vendor feeds his sheep that are offered for sale in Cairo, Egypt. Egypt has been increasingly knocking on doors around the world seeking billions to fill rapidly draining coffers. But not everyone is eager to give, and economists fear that…
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Business
[Canada Report] Japan and Canada hold trade talks
Below is a round-up of recent news from Canada concerning Canada and Asia-Pacific relations. Japan, Canada Hold Trade Talks Japan and Canada are set to hold a second round of trade talks from April 22nd to 26th, 2013. These come just weeks after the two countries’ Ministers of Foreign Affairs…
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South East Asia
Australia to become ‘Food Superpower’
Australia: Asia’s next food bonanza Australia would become a ‘food superpower,’ capitalising on a $2 trillion export opportunity in Asia, the Australia’s leading newspaper The Australian reports. In a speech delivered at The Australian and The Wall Street Journal‘s inaugural Global Food Forum in Melbourne, billionaire packaging and recycling magnate…
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