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Macau rising as Asia’s casino capital

Macau rising as Asia's casino capital Once a backwater for hardcore gamblers, the former Portuguese colony of Macau is rising fast as Asia's entertainment and casino capital. Some now call Macau the ''Las Vegas of the East,'' and Macau's gaming revenues are on par with those of the Las Vegas Strip. Macau, however, is growing even faster than Las Vegas. It's on the threshold of a gaming boom, with more than a dozen casinos and resorts on the drawing boards or under construction, the result of a 2001 decision to open its doors to foreign casino operators. Two years later, mainland authorities agreed

Japan FM Vows to Fight East Asia Nationalism

Japan FM Vows to Fight East Asia Nationalism Wrapping up his visit to the United States, Japans Foreign Minister Taro Aso has commented on Tokyos fraying relations with Seoul and Beijing, saying he believes the three countries will withstand the current conflict through growing cultural and economic exchanges in the region. The rising tide of nationalism in East Asia will be difficult to turn back but must be channeled in a positive way, Aso said. There is a fine line between patriotism, a healthy love for ones country and narrow-minded nationalism that breeds hatred towards others. He did not name

Regional cooperative movement for reducing poverty stressed in South Asia

Regional cooperative movement for reducing poverty stressed in South Asia South Asian experts at a regional conference held here on Rural Financing Institutions and Cooperatives stressed that the region needed to expedite cooperative movement for reducing poverty, a leading English newspaper, The Himalayan Times reported on Wednesday. According to the newspaper, some experts presenting papers Tuesday emphasised that all governments in the region needed to focus on reducing poverty through empowering poor people with easy access to credit. The participants from India, Nepal, Bangladesh, Sri Lanka, Bhutan and Maldives are representing their countries financial institutions. More : english.people.com.cn

Asia: Telephone stocks rebound

Asia: Telephone stocks rebound Asian telephone stocks, the worst performers since the regions markets started rallying three years ago, are rebounding as investors look for shares less likely to be hurt by rising interest rates and raw material costs. Weve been moving into telecommunications, said Teresa Chow at RBC Investment Management Asia in Hong Kong. Theyre more domestic plays and they offer decent yield. The Morgan Stanley Capital International index of 28 Asia-Pacific telecommunications stocks has risen 5.1 percent this quarter. KT Freetel of South Korea and KDDI of Japan have led the advance. The index is one

Japan’s rising but Asia’s economic gains must wait

Japan's rising but Asia's economic gains must wait Japan's emergence from more than a decade of stagnation could mean greater demand for its neighbors' exports, more Japanese investment in the rest of the region and stronger Asian currencies. But people are not holding their breath and expecting Japan to give a sudden boost to Asian growth. Economists say it could take years for income levels in Japan to rise to levels that will translate into big demand for Asian goods or for Japanese capitalists to invest with vigor in Asia. All it may mean in the near term is some extra investment in