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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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South Asia
Samsung: Change Everything but Your Wife and Kids
A recent visit to the Centre for Creative Economy & Innovation in Gyeonggi province of South Korea was revelatory. Bottom-line: Giant corporates are crashing in ranking. Recourse: Co-operate with innovative start-ups to energise the system with dynamism and growth. Samsung India had increased its sales by 30-40% in the past…
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Islamic Organisation for Food Security established in Kazakhstan
Member countries of the Organization of Islamic Cooperation (OIC) established the Islamic Organisation for Food Security on 28 April in Kazakhstan. The new initiative has been created after the 7th Islamic Ministerial Conference on Food Security and Agricultural Development of the OIC in Astana. Minister of Agriculture of Kazakhstan, Assylzhan…
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Russia and China to Increase Military Exercises
Russia and China announced the increase of joint military exercises in 2016. Russian Defense Minister Sergey Shoygu met with Chinese Defense Minister Chang Wanquan on April 27. The talks were held at the 5th Moscow International Security Conference, TASS reports. Shoigu said: “We highly appreciate a high level of Russian-Chinese…
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