-
East Asia
New jury makes Samsung uneasy
Officials of Samsung Electronics showed mixed feelings for the newly formed jury which will review the blockbuster patent infringement case involving Samsung and Apple. On the first day of the second round of their legal battle, Judge Lucy H. Koh of the San Jose court selected new jurors. The jury…
Read More » -
Annual salaries of Korean tycoons revealed
Former SK Group Chairman Chey Tae-won received the biggest paycheck last year among listed firms’ CEOs and executives, earning 30.1 billion won from the group’s four affiliates, according to the firms’ business reports filings, Monday. Chey received the biggest paycheck as he served as a director of the board of…
Read More » -
East Asia
Samsung SDI plans to acquire Cheil
Samsung SDI, the battery making unit of Samsung group, will acquire electronics materials affiliate Cheil Industries, the company said Monday. “SDI plans to acquire Cheil by offering Cheil shareholders 0.44 SDI share for each Cheil share,” SDI and Cheil said in a joint statement, early Monday. The plan is subject…
Read More » -
East Asia
[Asia Round-up] China’s shadow banking
Editor’s note: Followings are summaries of editorials from major Asian media on current issues. China’s shadow banking The so-called “Fragile Five” have been scrambling to raise interest rates to curb inflation: Turkey, South Africa and India have all done so. This matters to Malaysia though its economy is fairly resilient.…
Read More » -
East Asia
[Asia Round-up] Taiwan’s challenges over its sovereignty
By the NUMBERS Taiwan’s challenges over its sovereignty The debate over Taiwan’s sovereignty, status as a nation-state or part of China is being rekindled with its recent loss of diplomatic ties with Gambia. Many speculate about Taiwan’s position and role in the international community. In light of this, Taiwan’s “soft…
Read More » -
Politics
[Asia Round-up] Polls not likely to solve Thai crisis
Cajoling wild jumbos The Island, Sri Lanka The last few months have seen several protests against the government’s failure to prevent wild elephant attacks on far-flung villages. Affected people demand electric fences. But they won’t help so long as villages sit on elephant migration paths and forests continue to shrink,…
Read More » -
East Asia
Iranian President Rouhani urges closer economic ties with South Korea
Iranian President Hassan Rouhani called for closer economic ties with South Korea here on Monday, semi-official Fars news agency reported. “The South Korean private sector and companies should come closer to Iran’s private sector and expand the scope of their cooperation,” Rouhani said in a meeting with the visiting South…
Read More » -
East Asia
China’s economy grows 7.7 percent in 2013, the same rate as 2012
China’s economic growth decelerated in the final quarter of 2013 and appears set to slow further, adding to pressure on its leaders to shore up an expansion as they try to implement sweeping reforms. The world’s second-largest economy grew by 7.7 percent over a year earlier, down from previous quarter’s…
Read More » -
Politics
[Asia Round-up] Asia accounts for two thirds of modern slavery
The recently released Global Slavery Index conducted by Walk Free Foundation reveals that there are an estimated 29.8 million people enslaved worldwide. India, China, and Pakistan enslave the highest number of people while Mauritania has the highest prevalence. Out of 22 million people enslaved in the index’s top 10 countries,…
Read More » -
Politics
Sri Lanka will never sell women to boost tourism
Commercial sex would never be legalised and Sri Lanka would not sell its women for the sake of promoting tourism, the government says. According to rough estimates, there are about 40,000 sex workers in Sri Lanka. Among the campaigns conducted by the government is to increase awareness on abortions and…
Read More »