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South East Asia
KOICA’s assistance for Bangladesh
The Republic of Korea is to provide more assistance to Bangladesh for poverty reduction and for sustainable economic and social development. An agreement in this regard has been signed in Dhaka between the two countries last month. Under this agreement, the Korea International Cooperation Agency (KOICA) will increase the volume…
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East Asia
SAMSUNG dominates Pakistan’s consumer electronics market
As I received report about the demise of SAMSUNG chief Lee Kun-hee a few days back, I recalled my visit to SAMSUNG Town in Seoul during South Korean tour on the invitation of Asia Journalists Association in 2007. Name of this company was familiar to me but I had no…
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West Asia
[Asia Round-up] UAE is world’s charity capital with $5 billion aid
Culture of giving deeply rooted in Emirates’ society and nurtured by leaders since the inception of the UAE, says Shaikh Mohammed The UAE increased its aid rate to 1.5 per cent of GDP, the highest in the 34-member Organisation for Economic Co-operation and Development (OECD). The Emirates’ contributions rose more…
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West Asia
Lee Kun-hee, The Man behind Revolutions
First comments I read in Arabic,on the death of Samsung Electronics Chairman; Mr. Lee Kun-hee, showed that he was the man behind revolutions. If we speak of Arab region, it is clear how every house, and each citizen might be expressing easily their own experiences with some products with the…
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West Asia
A gateway for Syria solution
The Homs truce could be the gateway for a solution in Syria, despite some skepticism expressed by some people as opposition fighters make their way out of the troubled city following the deal brokered under United Nations sponsorship. Most skepticisms are fueled by questions about what is going to happen…
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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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