China’s economic growth seen as stable, not surging

23 March, 2013
By Wei Tian | Source: ANN

The current economic resurgence is only “temporary” as China’s growth has shifted into a medium-speed gear, a senior researcher said on Saturday. “Some may think the economic growth has bounced back from the bottom

Lao Airlines expands fleet as business takes off

22 March, 2013
By Somsack Pongkhao | Source: ANN

National carrier Lao Airlines has purchased more aircraft in response to increasing passenger numbers as Laos becomes more closely integrated with the region and the world. A new Airbus A320 arrived in Vientiane this

Deal struck, moving ahead with Jakarta monorail project

22 March, 2013
By Sita W Dewi | Source: ANN

Jakarta’s much-awaited monorail project is set to resume as two former partners in the project consortium – PT Jakarta Monorel (JM) and state-owned construction firm PT Adhi Karya – have settled the debt dispute

Call for Asean-China joint exercises

22 March, 2013
By Zakir Hussain | Source: ANN

Naval drills can build trust and rein in tensions, says Indonesian navy chief As territorial disputes in the region continue to simmer, Indonesia’s navy chief proposed joint naval exercises between Asean countries and China

Come now, or be too late, India tells Indonesian investors

22 March, 2013
By Linda Yulisman | Source: ANN

The Indian investment agency has warned Indonesian businessmen to join their Asian peers and invest in the South Asian country before they miss out. AnupamSrivastava, the managing director of investment promotion agency Invest India,

Asia ‘at risk of emerging credit bubble’

22 March, 2013
By Esther Teo | Source: ANN

There are fears that a credit bubble might be emerging in Asia, including in Singapore, given the huge expansion in lending, according to two new reports. Credit has grown “vigorously” in several economies, noted

Court rules Park Chung-hee’s 1970s emergency decrees unconstitutional

22 March, 2013
By Oh Kyu-wook | Source: ANN

South Korea’s Constitutional Court ruled on Thursday that former President Park Chung-hee’s draconian decrees in the 1970s were unconstitutional and infringed the basic rights of citizens. In a unanimous decision, the court said that

Starbucks upbeat about China

22 March, 2013
By Zhang Haizhou | Source: ANN

Starbucks Chief Executive Howard Schultz said China has the potential to become the company’s top market, highlighting the coffee house giant’s confidence in the Asia-Pacific market. Announcing the company’s fiscal 2012 record revenue of

Abu Sayyaf’s capability to raise terror a US concern

22 March, 2013
By ANN | Source: ANN

The capability of Abu Sayyaf Group to raise terror remains a concern of the United States even as it claimed that the situation in the southern Philippine region Mindanao has “progressed” over time. “Well

‘Red alerts’ for troubled Philippine public firms eyed

22 March, 2013
By Doris C. Dumlao | Source: ANN

The Philippine Stock Exchange (PSE) is proposing an overhaul of guidelines governing companies in financial distress or under corporate rehabilitation to include “red alerts” prior to actual bankruptcy, aiming to better protect minority investors who