Headquaters of UN Green Climate Fund seated in Incheon, S. Korea
The headquarters of the Green Climate Fund (GCF), a new UN fund aimed at helping developing countries tackle climate change, is officially opened in South Korea on Wednesday. An opening ceremony was launched on Wednesday morning to celebrate the Green Climate Fund with its headquarters located in Songdo of Incheon City, west of the South […]
Celebrations across UAE as Dubai wins right to host World Expo 2020
Fireworks erupted in Dubai after the tiny Gulf emirate won the right to host the 2020 World Expo, becoming the first Middle Eastern city to organize the event in its more than 150-year history. Dubai bested competing bids from Izmir, Turkey; Sao Paulo, Brazil; and Yekaterinburg, Russia, after three rounds of voting by delegates […]
UN, World Bank plan to mobilize financing for sustainable energy
The United Nations and the World Bank on Wednesday announced a concerted effort by governments, international agencies, civil society and the private sector to scale up financing to provide sustainable energy for all, with UN Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising “global thermostat.” Ban and Jim Yong […]
Bangladesh’s forex reserves go up
While the per capita income of people in Bangladesh has increased substantially, the country’s foreign exchange reserve crossed the US $17 billion mark on October 22 for the first time in the country’s history. The officials of the country’s central bank Bangladesh Bank and Bangladesh Bureau of Statistics (BBS) consider such development as a good […]
Is North Korea a ‘communist state’ or a ‘market economy’?
North Korea is often described as a ‘communist country’ by outsiders, and also officially describes itself as a ‘socialist country.’ But, what exactly is a ‘communist state,’ or (to use a less ideologically charged term) a ‘country of state socialism’? It is usually a country where all or most of its industry is in state […]
Indo-Bangla power trading inaugurated
With the inauguration of the Bangladesh-India Power Transmission Center at Bheramara in the South-Western region of Bangladesh, the regional cooperation among the South Asian countries entered into a new era. The center was formally opened on October 5 and started supplying electricity produced in India to Bangladesh. Through this center, Bangladesh will get 500 megawatt […]
Emergence of market economy in North Korea
What can we learn from the dramatic transformation that North Korea has undergone in the last two decades? I am afraid that many of my readers might not like my conclusions, but for me, the last two decades are another confirmation that markets and trade are all too natural for homo sapiens, at least at […]
[Asia Round-up] Universities can boost China’s ‘soft power’
Universities can boost China’s soft power [China, China Daily, 25-09-2013] China’s leading educational institutions Peking University (Beida) and Tsinghua University have joined the Harvard and Massachusetts Institute of Technology (MIT)-created EdX online educational consortium by providing six courses online free of charge. China has now officially entered the movement known as the Massive Online Open […]
World Bank pledges more funds for poverty reduction in fragile nations
World Bank President Jim Yong Kim on Tuesday pledged to increase funds for poor people in fragile and conflict-affected states, as part of a new strategy for the global development institution to end poverty. In a speech at George Washington University, Kim said the fiscal uncertainty in the United States, combined with other sources of […]
India passes $20 bln law to expand food welfare
India plans to subsidize wheat, rice and cereals for some 800 million people under a $20 billion scheme to cut malnutrition and ease poverty. The Food Security Bill, sent this week by India’s parliament to the president for approval, guarantees citizens a legal right to food. India has some of the world’s worst poverty and […]
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