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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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Business
Seoul may strip Japan of trusted trade partner status next week
Seoul: South Korea may officially remove Japan from its list of trusted trading partners as early as next week, upping ante in the trade dispute between the two Asian neighbors, the country’s trade ministry said Monday. The tit-for-tat move follows Japan’s removal of South Korea from its own whitelist of…
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Business
Korea’s growth potential set to decline due to aging population
Seoul: South Korea’s growth potential is expected to fall at a faster rate than earlier anticipated largely due to the aging of the population that will also lead to a cut in the number of eligible workers, a central bank report said Monday. The country’s growth potential for the 2016-2020…
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Business
South Korea has no plan to give up developing-nation status: agriculture minister
Sejong: South Korea’s new agriculture minister has ruled out the possibility of abandoning the country’s special and differential treatment under the World Trade Organization regime, despite growing U.S. pressure to reform the global trade body. In a recent brief comment to Yonhap News Agency, Kim Hyeon-soo said that South Korea…
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South Asia
Third round of China-Afghanistan-Pakistan dialogue held in Islamabad
By Nasir Aijaz AsiaN Correspondent Islamabad: Pakistan hosted the third round of China-Afghanistan-Pakistan Trilateral Foreign Ministers’ Dialogue here on Saturday. The latest round of talks covered trade, counter terrorism and ending Afghanistan’s 18-year war. The forum was established two years ago, and the earlier meetings were held in Beijing in…
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Business
Mahathir: Malays need to change attitude, seize work opportunities
Kuala Lumpur: Malays cannot consider themselves the masters in their own country if they are poor and continue to depend on the sympathy of other people, Prime Minister Dr Mahathir Mohamad has stressed. They should seize the opportunities for the jobs that are now mostly filled by foreigners, he added.…
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Politics
Moon’s regional tour injects fresh vigor into his New Southern Policy Diplomacy
Vientiane: South Korean President Moon Jae-in’s campaign to reinforce Seoul’s strategic partnerships with Southeast Asian nations has gained fresh momentum this week, as he made a fruitful tour of Thailand, Myanmar and Laos, Cheong Wa Dae aides said Friday. Moon made a pitch for the New Southern Policy less than…
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