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Female tourists down 35% following sex assaults in India

Tourism in India dropped significantly in the first three months of this year as a result of the heinous rapes and attacks on foreign female travelers that received widespread international attention, a new industry survey has found. In the months from January through March 2013, the number of foreigners traveling to India has dropped by […]

S. Korea ranked top investor in Cambodia

S. Korea ranked top investor in Cambodia

South Korea stood out as the largest foreign investor in Cambodia in 2013. Korea replaced the UK as the number one investor with $287 million injected, 12.5 per cent of the total foreign direct investment, The Phnom Penh Post reported by quoting data from the Council for the Development of Cambodia (CDC). According to the […]

Myanmar abolishes surrogate foreign currency

Myanmar abolishes surrogate foreign currency

Myanmar has announced the abolition of its US dollar proxy currency for foreigners. The Central Bank of Myanmar announced an initial period of 90 days for exchanging abolished Foreign Exchange Certificate (FEC) with foreign currencies or local currency Kyat starting on April 1. FEC, which has been put into circulation in place of U.S. dollar […]

Xi Jinping unfolds vision for ‘China dream’

Xi Jinping unfolds vision for ‘China dream’

China’s new leader President Xi Jinping outlined on Mar. 17 his vision for the ‘China Dream’ by saying renaissance is within the nation’s reach. President Xi, in his first address as head of state, said China had to follow its own path while putting its faith in the Communist Party’s leadership. In the speech, Xi […]

Fears and hopes loom surrounding ‘Abenomics’

Fears and hopes loom surrounding ‘Abenomics’

Japan’s newly branded ‘Abenomics’ produces contradictory outlooks on its impact and the nation’s economic future. Abenomics, a buzzword Japan these days not only in Japan but also in global economic arena, refers to Prime Minister Shinzo Abe’s aggressive reflationary fiscal and monetary policies. The equity market has been boosted by optimism surrounding Abenomics with the […]

How media plays in territorial disputes

How media plays in territorial disputes

Truthful and fair reporting based on the facts from an objective viewpoint might be one of the ways in which the media can help find peaceful solutions to rampant territorial disputes in Asia. During a seminar organized by the Asia Journalist Association (AJA) and sponsored by the Korea Press Foundation (KPF), speakers and panelists put […]

Double-digit growth continues for home appliances market in SE Asia

The rising affluence of consumers is stimulating sales of major domestic appliances in Southeast Asia. According to the survey conducted last December by GFK Asia based in Singapore, the consumer market in the sector worth of the washers, air-conditioners, refrigerators and microwave ovens has grown by a healthy 13 percent in 2012 over the previous […]

NK’s Nuclear Test Sparks International Condemnation

The nuclear test conducted by North Korea on February 12 has been triggering extensive criticisms including one from its main ally China increasing international action against Pyongyang. U.N. Secretary-General Ban Ki-moon condemned North Korea’s nuclear test, saying it was a “clear and grave violation” of U.N. Security Council resolutions. The test prompted the U.N. Security […]

New strict anti-rape laws proposed in India

New strict anti-rape laws proposed in India

The Justice Verma committee, which was set up after the horrific gang rape and assault on 16 December killed a 23-year-old in Delhi, submitted its recommendations for strict anti-rape laws. The three-member committee headed by Justice JS Verma was set up by the government to look into women’s safety, existing legislations and suggest changes to […]

Travel warnings in effect for women not to travel India alone

Travel warnings in effect for women not to travel India alone

The United States and other foreign embassies have issued travel advisories warning that women should not travel alone in India. One of the advisories states women are “at risk and should exercise vigilance.” Travel warning measures from foreign countries came in effect after the rape incident involving a South Korean student in central India. The […]

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