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Business
President Mirziyoyev stresses need to develop Samarkand into tourism hub
Samarkand: Uzbekistan President Shavkat Mirziyoyev has called for optimizing resources and facilities to enhance tourism and boost the economy. Mirziyoyev made his call as he visited a tourism center to be built along a rowing canal in Samarkand. The project allocates 360 hectares of land for the complex, while a…
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South Asia
Chinese firm to invest $20m in taxi, cargo services in Pakistan
By Nasir Aijaz AsiaN Correspondent Islamabad: A Chinese firm is working on comprehensive business plan to provide five important services in Pakistan, initially investing $20 million, with prospects of $600m in the future. Chinese company Time-saco intends to provide a rapid services platform to citizens by launching five…
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Business
MAHB’s success in Turkey shows Malaysian firms’ capability: Dr Mahathir
Istanbul: Malaysia Airports Holdings Bhd’s (MAHB) success in managing Istanbul Sabiha Gokcen International Airport (ISGIA), Turkey’s second biggest airport, shows Malaysian companies’ capability as well as their ability to expand their operations abroad, Prime Minister Dr Mahathir Mohamad has said. The prime minister said although MAHB operates airports…
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Business
IAEA chief Yukiya Amano dies at 72
Vienna: Yukiya Amano, the director general of the International Atomic Energy Agency (IAEA), has died at age 72. The former Japanese diplomat who led the United Nations’ nuclear watchdog since 2009 had participated in several Nuclear Non-Proliferation Treaty Review Conferences over the last several years. The lifelong diplomat began his…
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Business
400,000 illegals expected to leave Malaysia under amnesty offer
Kuala Lumpur: Some 400,000 illegal immigrants are expected to leave Malaysia by December 31 under the Back For Good (B4G) programme introduced by the Malaysian Government to allow them to return to their countries of origin voluntarily. Foreigners who have committed offenses or have overstayed in the country can…
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Business
S. Korea: exports down 16.6 pct in first 10 days of June
South Korea’s exports sharply fell 16.6 percent in the first 10 days of June mainly due to decreased shipments of semiconductors, one of the country’s key items, customs data showed Tuesday. The country’s exports stood at US$10.3 billion in the June 1-10 period, compared with $12.3 billion in the same…
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Business
Regulator rejects 2 applications for online banks
In an unexpected turn of events, South Korea’s financial regulator on Sunday rejected applications by two consortia to set up the nation’s third and fourth Internet-only banks. One consortium is backed by financial technology firm Viva Republica and the other is led by brokerage Kiwoom Securities. The Financial Services Commission…
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Business
Peaceful, vibrant South Korea marches to its own beat
Seoul: The eerie silence spoke louder than the years of the ominous standoff across the borders of the world’s last divided country, Korea. We were a small group of journalists walking in the barbed wire corridor in the Civilian Control Line alongside the Han River, escorted by army staff who…
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Business
From Abe to Outer Space, Can Japan’s Military Techno-Nationalism Survive?
Japan has often been regarded as the forerunner and indeed the very apogee of techno-nationalism in Asia. In the Meiji, Taishō and Shōwa eras, Japan was the first Asian state to industrialize and rise to great-power status, largely due to national policies encouraging importation, indigenization and wielding modern technologies. In…
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Business
Next election coming in 2020, is it a threat to Mongolia’s reviving economy?
Ulaanbaatar — The state budget for 2019, approved by the parliament earlier this month, sees increases in public expenditure, with higher allocation of funds to be spent on wage and pension benefits, and infrastructure projects- mostly construction of schools and kindergartens. These moves – which the finance minister was quick…
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