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South East Asia
India considers accession to Eurasian Economic Union, Kazakh ambassador says
Kazakhstan and India will increase bilateral trade turnover up to $5 billion during the next 2-3 years, The Times of Central Asia reported citing Yerzhan Shaikenov, co-chairman of the Kazakhstan-India Business Council. “We hope that the Business Council will help increase mutual trade and investments. I expect that in two-three…
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East Asia
Goods to be delivered from India to Europe within 14 days
With the railway corridor connecting India to Europe, we will soon be able to deliver goods along this route in no more than 14 days, chairman of Azerbaijan Railways, Javid Gurbanov said in his interview with The Business Year. He talked about the International Trans-Caspian route from China to Baku…
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South Asia
Turkmen leader pardons hundreds of prisoners
President of Turkmenistan, Gurbanguly Berdimuhamedov signed a decree on “Amnesty of sentenced persons on the occasion of Day of Constitution and Magtymguly’s poetry,” Turkmenistan The Golden Age Newspaper reports. In line with this decree, the convicted 853 persons will be released from further serving their prison sentences and also from…
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East Asia
LG to produce electric car for Iran
LG Group will produce the electric car for the Iranian market. LG and the Iranian government recently signed an agreement for the development. The agreement only lays out the issues in broad strokes and is to be followed a proper contract later, the Chosun Ilbo reports. An LG Corp. staffer…
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South Asia
Iran to build wind farm in Kazakhstan
Iran will construct a wind park in Kazakhstan to generate electricity. The agreement was signed between Iran’s Power and Water Equipment & Services Export Company (SUNIR) and Eurasia Invest Group in Tehran on May 14, PressTV reports. According to the agreement, Iran will establish a 50-megawatt wind power plant in…
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East Asia
Russian export to ASEAN market will rise to 10% by 2020
Pyotr Fradkov, Chief Executive Officer of the Russian Export Center said that the center forecasts Russian export to ASEAN countries will grow from 1.5% to 10% by 2020. “Now we have 1.5% on the market but I believe 10% will be a decent share. It’s fairly achievable by 2020,” he…
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South Asia
Tajikistan, Kyrgyzstan, Afghanistan, Pakistan inaugurated CASA-1000 project
The $1.7 billion CASA-1000 project was inaugurated among Afghanistan, Pakistan, Tajikistan and Kyrgyzstan in Dushanbe on May 12. Tajik President Emomali Rahmon, Afghan Chief Executive Abdullah Abdullah, Pakistani Prime Minister Nawaz Sharif, and Kyrgyz Prime Minister Sooronbai Jeenbekov attended the inauguration. RFERL reports that the CASA-1000 provides a 1,222-kilometer power-transmission…
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South East Asia
Russia and India to hold war games
The joint Russian-Indian war games Indra’2016 will be held in the second half of 2016. Far-Eastern Primorsky (Maritime) territory of Russia, Alexander Gordeyev, the chief press officer of the Eastern Military District told TASS agency after a conference on preparations for the exercise. He said, “Representatives of the Eastern Military…
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South Asia
Samsung Faces Tough Competition in Mobile Phone Market of Pakistan
Since the low cost Chinese mobile phones have stormed the mobile markets and grabbed a huge share of the market, leading mobile phone makers like Samsung, Nokia and Sony are struggling hard to hold tight to what they have of the market share. Last few years have seen a rapid…
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South Asia
Disgruntled Employess Lead to Change
Reports have been trickling into newspapers about disgruntled employees of Samsung India. Their complaints about the punishing work culture and exacting overtime rules have rung alarm bells in the top management of Samsung Electronics. According to a recent report, Samsung has announced big changes. It has taken nearly three years…
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