IMF says Pakistan economy on track but inflation looms
ISLAMABAD: The International Monetary Fund said Saturday that Pakistan’s economic reform program remained broadly on track, but warned over rising inflation. Pakistan received a $6.7 billion IMF bailout package last year to help the country achieve economic reforms, particularly in its troubled energy sector. “The IMF is encouraged by the overall progress made in pushing […]
Post Lee Kun-hee structure at Samsung?
How shall Samsung business group overcome the shock of Lee Kun-hee’s heart attack? Lee has been leading the Samsung group with his charismatic leadership until now. He has pushed the ‘Mach’ management and he has been the real leader of the group in every aspect of the conglomerate. However, his over-the-weekend heart attack raised anew […]
Graffiti in Jeddah, traditional Islamic city
A man walks by a graffiti on a wall in the old city of Jeddah, Saudi Arabia, Friday, May 9, 2014. Jeddah has been a traditional hub for commerce along the Red Sea and the port of entry for many Muslims traveling to Mecca to perform the religious obligations for the Hajj pilgrimage. Many Arab […]
Overall Review of Global Papers’ Editorials
For a couple of days I have read through several newspapers and checked what they editorialized about. Considering that the abduction of schoolgirls has been a hot topic over the world for several weeks, it was understandable that the New York Times touched on this issue. It is an issue concerned with very fundamental human […]
Cynicism and alienation growing in North Korea
There are many signs that cynicism and alienation is steadily growing within North Korean society and, especially, lower reaches of its elite. People who recently had opportunities to talk frankly to North Koreans (and I do not mean refugees), including the present author, have noticed that North Koreans are increasingly likely to express feelings of […]
Samsung, after Lee Kun-hee’s heart attack?
This event may precipitate the succession plan at Samsung After Lee Kun-hee’s sudden heart attack over the weekend, emerged the issue of succession plan at the Samsung business group again. It has become a matter of grave concern how Samsung’s succession plan will evolve. While business watchers guess that the succession plan will be precipitated […]
[Asia Round-up] Crisis in Ukraine could be a harbinger of Taiwan’s future
The crisis in Ukraine has implications for Taiwan. Taiwan and Ukraine share similarities in relation to the big powers: Ukraine is torn between the European Union and Russia, and Taiwan between the United States and China. Russia’s latest intervention shows its keenness to reassert control over Ukraine. China has always maintained its sovereignty over Taiwan. […]
[Asia Round-up] Singapore named world’s most expensive city
Singapore is now ranked as the most expensive city in the world, according to a new survey by The Economist Intelligence Unit (EIU) that compares the cost of living between 131 cities using New York as a base city. A 40 percent currency appreciation over the last decade coupled with solid inflation has pushed Singapore […]