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West Asia
President renames excellence award; VP says march towards Vision 2021 will continue
The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, has ordered that the Emirates Government Service Excellence Award be renamed the Mohammed bin Rashid Government Excellence Award as a tribute to the outstanding role played by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of…
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East Asia
[Asia Round-up] It pays to be cautious about digital cash
The collapse of the bitcoin exchange MtGox tells a lot about both entrepreneurs and cyber buyers. Some US$450 million is said to have been lost from the debacle. The vision of inflation-less currency that can move easily and without cost between sender and receiver is an attractive one. But, one…
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East Asia
How long shall Lee Kun-hee be unconscious?
Samsung Electronics Chairman Lee Kun-hee has remained unconscious until Tuesday. It seems that it will take more time until he regains consciousness, according to sources, May 13. Samsung Medical Center (SMC) said Lee had briefly experienced trouble breathing but his condition then stabilized, though he remained under sedation. An SMC…
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South Asia
IMF says Pakistan economy on track but inflation looms
ISLAMABAD: The International Monetary Fund said Saturday that Pakistan’s economic reform program remained broadly on track, but warned over rising inflation. Pakistan received a $6.7 billion IMF bailout package last year to help the country achieve economic reforms, particularly in its troubled energy sector. “The IMF is encouraged by the…
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East Asia
Post Lee Kun-hee structure at Samsung?
How shall Samsung business group overcome the shock of Lee Kun-hee’s heart attack? Lee has been leading the Samsung group with his charismatic leadership until now. He has pushed the ‘Mach’ management and he has been the real leader of the group in every aspect of the conglomerate. However, his…
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East Asia
Overall Review of Global Papers’ Editorials
For a couple of days I have read through several newspapers and checked what they editorialized about. Considering that the abduction of schoolgirls has been a hot topic over the world for several weeks, it was understandable that the New York Times touched on this issue. It is an issue…
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East Asia
Samsung, after Lee Kun-hee’s heart attack?
This event may precipitate the succession plan at Samsung After Lee Kun-hee’s sudden heart attack over the weekend, emerged the issue of succession plan at the Samsung business group again. It has become a matter of grave concern how Samsung’s succession plan will evolve. While business watchers guess that the…
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South East Asia
[Asia Round-up] Building aircraft from scratch
The state-controlled PT Dirgantara aerospace company has a plan to develop a prototype of a 19-seater aircraft with a grant of US$50 million from the government. But building such a high-tech product that requires high economies of scale and high-loaded costs is not an appropriate priority for Indonesia now. Dirgantara…
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South East Asia
BIMSTEC vows to achieve founding goals
The third summit of BIMSTEC ended in Myanmar capital Nay Pyi Taw on March 4 with a firm resolve to make continued efforts in accomplishing the founding aims and purposes of the seven-nation forum of South and South East Asia. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic…
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South East Asia
[Asia Round-up] Airline industry booms in Southeast Asia
The airline industry in Southeast Asia has boomed in recent years as a result of rapid economic growth and a rising middle class. Low-cost carriers have captured a large part of the emerging air travel market by offering a variety of new flight routes throughout the region. With the economic…
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