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Politics
Cooperation, energy to top Turkmenistan’s priorities as it chairs CIS
Ashgabat: Increasing the level of cooperation with international organizations, including the United Nations and Organization for Security and Co-operation in Europe, and creating conditions for enhancing trade and economic cooperation will top the priorities of Turkmenistan as it chairs the Commonwealth of Independent States (CIS) starting October. Turkmenistan’s concept of…
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Politics
Boao Forum for Asia Ulaanbaatar Conference in Mongolia to boost common development
Ulaanbaatar: The Boao Forum for Asia (BFA) (BFA) Ulaanbaatar Conference to expand cooperation between Mongolia and China and advance common development in Asia and beyond has concluded. The forum, held for the first time in Mongolia, aims at helping the Chinese entrepreneurs better understand the business environment and related…
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Business
UAE to levy 100% tax on electronic smoking devices as list of excise taxable products expanded
Abu Dhabi: The government of the United Arab Emirates (UAE) said it would expand the list of excise taxable products to include sweetened beverages, sugary drinks and electronic smoking devices. The measure to be implemented starting January 1, 2020 aims “to reduce consumption of unhealthy goods and modify consumers’…
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Business
Taiwan tourism revenue soars to new high in Q2
Taipei: Japanese and Chinese tourists emerged as the biggest spenders in Taiwan during the second quarter of the year, official data indicates. Tourism in the country revenue reached a record of $3.96 billion in the second quarter of the year, according to the central bank. Bank officials attributed the new…
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Politics
Indonesia, Africa to be huge power if united: President Jokowi
Bali: President Joko WIdodo (Jokowi) said that Indonesia and Africa could become a huge power if they are united through concrete cooperation to boost the welfare of the peoples. “Indonesia is ready and pleased to forge cooperation with our brothers in Africa. Indonesia is your true partner, your trusted…
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South Asia
China’s 1320MW coal-fired power plant commissioned in Pakistan
By Nasir Aijaz AsiaN Correspondent Islamabad: The Pakistan government has confirmed successful commercial operations of a $2 billion 1,320MW coal-fired power plant set up by the China Power Hub Generation Company (CPHGC) under the China-Pakistan Economic Corridor (CPEC) project. “M/s CPHGC has successfully undergone through commissioning tests…
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Business
Samsung Electronics accounts for 20% of South Korea’s exports in H1
Seoul: Samsung Electronics Co. was responsible for 20 percent of South Korea’s total exports in the first half of this year, showing its heavy influence on the national economy, its financial report showed on Sunday. The South Korean tech giant raised 75.2 trillion won ($62 billion) in sales in the…
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Business
South Korea voices willingness to talk with Japan over its ‘whitelist’ move
Seoul: South Korea has notified Japan in advance of its plan to remove Tokyo from its list of trusted trading partners and is willing to talk with Japan further if needed, the trade minister said on Saturday. South Korea decided on Monday to remove Japan from its “whitelist” of…
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Business
Job additions hit 18-month high in July
Seoul: The number of new jobs in South Korea rose to their highest in 18 months in July on the back of a rise in employment in the health care, food and leisure-related sectors, with the jobless rate up slightly to 3.9 percent, government data showed Wednesday. The number of…
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Business
K-pop, ‘hallyu’ emerge as powerful marketing tools for Korean consumer goods
Sejong: At a trade fair exhibiting Korean goods in Bangkok in June, whenever a customer came to the small booth where he was promoting beauty products, Jake Choi would use his smartphone to show them a video clip as part of his sales pitch. The three-minute video includes a…
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