Latest Asia Pacific News
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Seoul shares up Wall St overshadows North Korea missile tests
SEOUL | Sun May 19, 2013 8:12pm EDT SEOUL May 20 (Reuters) - Seoul shares edged up on Monday after the rally on Wall Street boosted sentiment and helped to overcome worries about North Korea's firing of short-range missiles at the weekend. Technology heavyweights led the gains, with SK Hynix rising 2 percent and LG Electronics gaining 0.5 percent. The Korea Composite Stock Price ...
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Lipstick effect hits China as economy slows
/enpproperty--> People are more willing to spend on small indulgences such as cosmetics Fang Jinqi, 32, said the most urgent thing for her at the moment is to develop a more thrifty lifestyle because her job as a property agent business is stagnating. The big fan of Hermes bags who used to buy a new one almost every two months said she has not done so for at least six months. To make up ...
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China urges early release of fishermen
/enpproperty--> The Chinese embassy in the Democratic People's Republic of Korea is looking into the detention by the DPRK of Chinese fishermen, asking Pyongyang to ensure the safety and legitimate rights and interests of the fishermen, a counsellor from the embassy said on Sunday. Counsellor Jiang Yaxian said that a private fishing boat from Dalian city in northeast China's ...
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China President Makes First Foreign Trip to India
India's Prime Minister Manmohan Singh told visiting Chinese President Li Keqiang on Sunday a recent military standoff in the Himalayas could affect relations between the two countries as they looked to boost bilateral trade. At a meeting shortly after Li arrived in India on his first foreign trip, Singh said relations were affected when "peace and tranquility" on the border was ...
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Central China ideal for industrial transfers experts
China's central region is still the ideal destination for industrial transfers due to the raft of advantages it offers companies, officials and business leaders have said at an expo in Zhengzhou, capital of Henan ...
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Obama Seeks More Funds for Asia-Pacific
Monday, 20 May 2013, 11:10 am Article: US State Department Obama Seeks More Funds for Asia-PacificBy Kathryn McConnell | Staff Writer | 17 May 2013Washington -- President Obama has asked Congress to approve $1.2 billion to support diplomatic and aid operations in countries in East Asia and the Pacific in fiscal year 2014. That is 7 percent more than the amount requested for fiscal 2012 ...
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On fleeting HK trips China makes frugal fashionable
satellite town of Tung Chung near the airport. "Typically, mainland consumers look for cheap goods." Foreign retailers treat Hong Kong as a gateway to China, which is poised to become the world's biggest consumer market in three years, and how mainland tourists shop is big business. Sluggish sales growth in Europe and the United States also makes China, with its rapidly expanding ...
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US diplomat in spy row leaves Russia Report
US diplomat accused by the Russians of being a CIA spy after they caught him allegedly trying to recruit agents last week left the country on Sunday, Russian television reported. Ryan Fogle flew out of Moscow, Russia's NTV state television channel said, broadcasting pictures showing him at Sheremetyevo International ...
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Washington Week Focus on Burma US Government Scandals
WASHINGTON -- A groundbreaking visit by Burma’s president and continuing probes of U.S. government scandals highlight a busy week ahead in Washington. Six months after President Barack Obama visited Rangoon, President Thein Sein reciprocates Monday with a visit to the White House. Last November, Obama hailed democratic reforms in Burma. "A dictatorship of five decades has ...
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Scientists excited about new lab at bottom of Pacific Ocean
Chief engineer Gary Harkins talks about the frame that will hold titanium-housed instruments as part of an underwater observatory being built at the Applied Physics Lab at the University of Washington in Seattle. (AP Photo/Elaine ...
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Taiwan reiterates call for joint probe into fisherman’s death
Chen Wen-chi (left), from Taiwan’s Ministry of Justice of the Department of International and Cross-Strait Legal Affairs, listens as Chen Ming-tang, deputy minister of Taiwan’s Justice Ministry, speaks while holding a picture showing a bullet found in the fishing vessel after it was attacked by Philippine coastguards, killing a Taiwanese fisherman, during a press conference in Taipei ...
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China develops new tourism law and advocates behavior.
Chinese Vice Premier Wang Yang on Thursday advocated polite tourist behavior and stressed that a good image of Chinese tourists should be projected.Wang made the remarks during a teleconference held by the State Council, China's cabinet, on implementing the new Tourism Law.Wang also urged relevant authorities to develop the tourist industry into a strategic pillar industry of the national ...
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One dead in Tunisia showdown with Islamists
Islamists fought street battles in Tunis on Sunday, with one protester killed and 15 policemen wounded, after the authorities banned the Salafists from staging their annual congress. The confrontations infuriated moderate Islamist Prime Minister Ali Larayedh, who for the first time linked the Salafist Ansar al-Sharia group which is considered close ...
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Australia shares seen firmer on Wall St. records soft currency
SYDNEY, May 20 (Reuters) - Australian shares are seen starting firmer on Monday, after better economic data in the United States pushed Wall Street to fresh record highs and as the local dollar remains below parity against the greenback. * Local share price index futures rose 0.4 percent to 5,212.0, a 31.2-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.3 percent ...
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South China Sea dispute Taiwan flexes its muscles | Editorial
China Sea. Ten days ago, a Philippine coast guard ship went too far in chasing off a Taiwanese fishing vessel in disputed waters. Such actions involve water cannons and the damage is nothing worse than a few broken portholes. This time the coast guard ship loosed off 54 rounds into the side of the Taiwanese boat and killed a fisherman. ...
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Tornadoes hit Kansas Oklahoma no injuries reported
TOPEKA, KAN. — Authorities say tornadoes have touched down in Wichita, Kan., and a suburb of Oklahoma City but there are no immediate reports of injuries or significant damage.Sedgwick County, Kan., emergency management director Randy Duncan says officials ...
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Obama to discuss counterterrorism strategy
National Defense University in Washington, the president will discuss "our broad counter-terrorism policy, including our military, diplomatic, intelligence and legal efforts," a White House official said. "He will review the state of the threats we face, particularly ...
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Q A bet. China Daily and Hainan reform development institutes president
China Daily interviewed Chi Fulin, president of the China Institute for Reform and Development in Hainan province, on the challenges facing the country's ...
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Japan Data On Tap For Monday
Japan is scheduled to release a batch of data on Monday, highlighting a modest day for Asia-Pacific economic activity. On tap are final March figures for the leading and coincident indexes, plus April numbers for machine tool orders, convenience store sales, department store sales and Tokyo condominium sales. In addition, the Cabinet Office will release its monthly economic report for May.The ...
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14th wife Woman rebuffs Swaziland king
LONDON: A 22-year-old woman fled to Britain from the southern African nation of Swaziland and is seeking asylum after refusing to join the harem of 13 wives of Swazi king Mswati III. Tintswalo Ngobeni fled to Britain after she caught the attention of the millionaire monarch, known for his lavish lifestyle, the Daily Mail reported. As part of Swazi custom, the 45-year-old king is permitted to ...
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Train accident fallout Services to be affected for days in US Northeast
It will take days to rebuild 2,000 feet (600 meters) of track, overhead wires and signals following the collision between two trains on Friday evening in the ...
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First Pakistani woman atop Everest
Mirza Ali , who becomes the third and youngest Pakistani male to scale the mountain. Nepal mountaineering department official Tilak Padney said 35 foreigners accompanied by 29 Nepalese Sherpa guides reached the peak after climbing all night from the highest camp on South Col - the pass between Everest and a neighbouring ...
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S. Korean president fires spokesman Yonhap
Yoon Chang-Jung(Photo:Agencies) South Korean President Park Geun-Hye fired her spokesman over an unspecified "unsavoury" act midway through a summit trip to the United States this week, Yonhap news agency reported Friday. Senior presidential press secretary Lee Nam-Ki announced Yoon Chang-Jung's dismissal, saying he was "personally involved in an unsavoury incident", ...
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Indian Chinese Leaders Discuss Border Dispute
Indian Prime Minister Manmohan Singh and his visiting Chinese counterpart Sunday discussed efforts to resolve a decades-old border dispute between the world's two most populous ...
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Nigeria says 14 Militants 3 Soldiers Killed in Latest Fighting
Nigeria's military says it killed 14 Boko Haram militants and captured 20 others Sunday, as it presses its offensive against the al-Qaida-linked group in the country's restive ...
Macau Featured
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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