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Politics
Moon, Saudi crown prince discuss global response to attack on oil facilities
Seoul: The leaders of South Korea and Saudi Arabia agreed Wednesday to strengthen partnerships in the fight against terrorist acts, such as the recent drone attack on oil facilities in the Middle Eastern nation. In phone talks, President Moon Jae-in and Crown Prince Mohammed bin Salman also emphasized the importance…
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South Asia
IMF officials, Pakistan PM discus bailout package
By Nasir Aijaz AsiaN Correspondent Islamabad: International Monetary Fund’s (IMF) Director Middle East and Central Asia Jihad Azour met Prime Minister Imran Khan at the PM Office here on Tuesday. Adviser to Prime Minister on Finance Dr Abdul Hafeez Sheikh and Governor State Bank Dr Reza Baqir were present in…
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Business
Nepal bans North Korean investments
By Kuber Chalise Contributor to AsiaN from Nepal Kathmandu: Nepal has banned North Korean investment in the Himalayan country and the Department of Industry (DoI) asked the North Koreans to close their businesses by the end of October in view of the UN Security Council Resolution against Pyongyang. “The Department…
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Politics
AJA, JAK forum to debate “how we should face the third decade of the 21st century”
Seoul: Diplomacy, national security, the unification of Korea, multiculturalism, conflicts, the environment, and religion will be among the topics to be debated in depth at a forum to be hosted by the Asia Journalist Association (Director Lee Hyung Kyun, President Ashraf Dali) next week. The two-part forum, “How we should…
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Business
Bloomberg New Economy Forum announces preliminary speaker and participant line-up for Beijing event
New York, Beijing: Bloomberg and the China Center for International Economic Exchanges (CCIEE) have released a preliminary speaker and participant list for the 2019 New Economy Forum, to be held in Beijing on November 20 – 22. Nearly 500 of the world’s most influential business executives, technology innovators, government officials,…
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Business
South Korea on clear path to job recovery: presidential office
Seoul: South Korea’s jobs growth is showing clear signs of improvement, and the government will roll out more measures to “proactively” help restructuring in troubled sectors so as to keep up the recovery streak, the presidential office said Sunday. Hwang Deok-soon, presidential secretary for job creation, made the remark as…
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Business
Malaysia’s economy to be restructured in more progressive direction
Kuala Lumpur: Malaysia will use high technology adoption, innovation, and research and development to restructure its economy in a more progressive direction, the Economic Affairs Ministry has said. The aim of the move is to achieve the Shared Prosperity Vision goal of achieving a decent standard of living for all…
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Business
Seoul to drop Tokyo from whitelist this week
Seoul: South Korea is moving to strip Japan from its list of trusted trading partners as early as this week, but it is still open to having last-minute negotiations with Tokyo, the trade ministry said Sunday. Seoul’s trade ministry has completed nearly all procedures for the removal of Japan from…
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Business
Quota for employment of foreigners in Azerbaijan half filled: Official
Baku: Up to half of the quota imposed by Azerbaijan for foreign recruitment has already been filled, a state official has said. The government had set a quota of 6,800 foreigners taking up jobs in in Azerbaijan in 2019, Vusal Huseynov, Chief of the State Migration Service, said. By now,…
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Business
Seoul files complaint with WTO over Tokyo’s export curbs
Seoul: South Korea filed a complaint with the World Trade Organization (WTO) on Wednesday over Japan’s export curbs, upping the stakes in the unprecedented trade row between the two Asian neighbors. The move came more than two months after Tokyo started restrictions of exporting three key industrial materials to Seoul,…
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