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Indonesian FM: China’s growth benefits Asia

Indonesian FM: China's growth benefits Asia China's rapid economic development has stimulated countries in Southeast and East Asia to improve their economy, Indonesian foreign Minister Hassan Wirajuda said here Friday. Speaking at an annual press statement event here, the minister said, "The awakening of China's economy, ranking the fifth biggest in the world, has helped provide an opportunity for East and Southeast Asian countries to take benefits to make economic progress." Wirajuda said that the cooperation between the region and China helps facilitate the economic progress and diplomatic ties.

We will help Southeast Asia fight terror: Rice

We will help Southeast Asia fight terror: Rice The U.S. Secretary of State, Condoleezza Rice, today vowed to help fight terrorism in Southeast Asia, warning that Islamic militants would turn the region into "a ring of fire" if not actively confronted. Rice -- wrapping up a two-day trip to Indonesia, the world's most populous Muslim nation -- said al-Qaida-linked terror groups blamed for a series of bloody attacks in recent years were trying to destroy the multiethnic region's tradition of tolerance. "We are working alongside countries like Malaysia and Singapore and to build the capacity of others like the Philippines,

Rice in Asia, Addresses Major International Security Issues

Rice in Asia, Addresses Major International Security Issues U.S. Secretary of State Condoleezza Rice has assured Asias top diplomats that the United States will continue working for a lasting resolution to the Middle East crisis. But the possibility of action on another pressing security issue, North Koreas nuclear weapons, seems to be fading. The U.S. secretary of state says she is willing to return to the Middle East if her presence will help end the fighting between Israel and Hezbollah militants. I am willing and ready to go back to the Middle East at any time if I think we can move

Stock fund selling eases in Asia, but outlook shaky

Stock fund selling eases in Asia, but outlook shaky Foreign investors have started cautiously nibbling at beaten-down Indian stocks and could start returning to other Asian markets after having been net sellers over the previous five weeks. Foreign cash was a major factor in powering last years run towards record highs in Asian share markets, but a global correction that began in the second week of May has prompted many funds to pull cash out of riskier emerging market assets. In the past six years, sustained outflows from Asia-dedicated funds tended to persist for six to seven weeks. The longest such stretch

Prudential targets rich and retirement markets, plans expansion in Asia

Prudential targets rich and retirement markets, plans expansion in Asia Global financial services company Prudential wants to grow its Singapore business by zooming in on the rich and retirement markets. It is also on the lookout for Asian acquisitions. Starting this year, UK-based Prudential hopes to grow its Asian businesses using money made from the region. We will go cash positive this year. In the past, the group has always limited capital and cash to Asia to build the business. This year, for the first time, the net remittances will be going back to the UK, said Mark Tucker, Group