Asia News

Related Travel Information

PM Lee urges Europe to build up stake in Asia

PM Lee urges Europe to build up stake in Asia Prime Minister Lee Hsien Loong has urged Europe to build up its own stake in Asia and share in the region's prosperity as China and India continue to surge forward. He also highlighted that there are opportunities beyond those two countries and ASEAN should not be overlooked. Mr Lee added he hoped Singapore can have a Free Trade Agreement (FTA) with the European Union (EU) one day. Mr Lee was speaking to 180 government and business leaders at the Paris Chamber of Commerce and Industry. During his speech, Mr Lee

New bid to attract Asia businessmen

New bid to attract Asia businessmen The Bahrain Asian Traders Committee (BATC) of the Bahrain Chamber of Commerce and Industry (BCCI) has decided to step up its activities. One of its prime goals is to attract Asian businessmen to invest in small and medium-scale projects in Bahrain. The first meeting of the committee, under the new board, elected new office-bearers. Board member Othman Mohammed Sharif, who chaired the meeting, was elected chairman of the committee. Veteran Indian business leader Baboo Kewalram was unanimously elected as vice-chairman. More: gulf-daily-news.com

Autos drive European shares down

Autos drive European shares down European shares ended lower on Friday but U.S. data showing strong economic growth and softer inflation helped the market pare losses from car and technology stocks after disappointing earnings. A below-forecast profit rise pounded Volkswagen shares 5.4 percent lower, dragging down the sector, while a lower-than-expected profit and forecasts from tech bellwether Microsoft hit European peers such as SAP. But pharmaceutical stocks shone for a second session as a panel of European experts backed the use of Sanofi-Aventiss anti-obesity pill Acomplia, the French groups biggest new drug hope, while GlaxoSmithKline basked in broker upgrades a day after the

Africa: World Bank Study Urges Africa Trade With Asia

Africa: World Bank Study Urges Africa Trade With Asia Africa should embrace growing trade relations between the continent and Asian giants China and India, the World Bank says. In a new study, the Bank notes the growing Asian investment in Africa, saying it holds growth potential for the continent. The study, Africas Silk Road: China and Indias New Economic Frontier, recommends an array of trade and investment reforms within and between these regions to deepen the growing South-South ties. This new Silk Road potentially presents to sub-Saharan Africa -- home to 300 million of the globes poorest people -- a significant and rare opportunity

US, Southeast Asia sign trade, liberalisation pact

US, Southeast Asia sign trade, liberalisation pact The United States and 10 Southeast Asian nations signed a trade and investment agreement on Friday that opens the door to possible free-trade talks. US trade representative Susan Schwab signed the trade and investment framework agreement in Malaysia with the 10 member states of the Association of South East Asian Nations (Asean). The can-do spirit of the members of Asean reflects the can-do spirit we are so proud of in the United States, Schwab told reporters after signing the pact. The Tifa with Asean represents an important step forward in the trade relationship