Yang
Jiechi Attends ASEAN Plus China, Japan and the Republic of Korea
(ROK) Foreign Ministers' Meeting
31
July 2007
Chinese Foreign Minister Yang Jiechi attended the Association of
Southeast Asian Nations (ASEAN) plus China, Japan and the Republic
of Korea (ROK) Foreign Ministers' Meeting and the East Asia Summit
(EAS) Foreign Ministers' Working Lunch in the Philippine capital
of Manila on July 31, 2007. At the East Asia Summit (EAS) Foreign
Ministers' Working Lunch, Yang exchanged views with foreign ministers
of other countries on EAS follow-up actions, future development
direction and other issues. He said diversity in East Asia leads
to diversified features of East Asia cooperation in mechanism, speed
and area.
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ADB
warns on unwinding of carry trade
Financial
Times, 26 July 2007
East Asia’s financial markets are vulnerable to a sudden unwinding
of yen-carry trades and withdrawal of the capital that has lifted
many of the region’s currencies, according to the ADB.
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http://www.ft.com/cms/s/461f0b9a-3b4f-11dc-8002-0000779fd2ac.html
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Asian
Development Bank raises forecast for East Asian growth
International
Herald Tribune, July 26, 2007
The Asian Development Bank raised its forecasts for economic growth
in East Asia but warned that surging capital inflows posed new challenges
for policy makers in the region.
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http://www.iht.com/articles/2007/07/26/business/adb.php
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Emerging
Asia 2007 economic growth forecast raised to 8.1 pct from 7.6 pct
- ADB
Forbes.com,
26 July 2007
BEIJING (XFN-ASIA) - The Asian Development Bank (ADB) said it has
raised its 2007 emerging Asia economic growth forecast to 8.1 pct,
driven by continued strong growth in China and only slightly moderating
expansion in the region's newly industrialized economies.
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http://www.forbes.com/markets/feeds/afx/2007/07/26/afx3953585.html
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ASEAN,
East Asia research body to be set up in November
The
Brunei Times, 25 July 2007
THE Economic Research Institute for ASEAN and East Asia (Eria) is
set to be officially established in November, said a senior Japanese
government official who was on a two-day visit to the sultanate.
Eria, a proposal under a Japanese initiative aimed at establishing
a Free Trade Area (FTA), spanning 16 East Asian countries, will
conduct research, analyses and studies on regional-economic integration
as well as provide intellectual input to support the Association
of Southeast Asian Nations (Asean) Secretariat in Jakarta.
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http://www.bruneitimes.com.bn/details.php?shape_ID=37631
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ASEAN
Ministerial Meeting to Focus on Charter, Regional Integration: Singapore
FM
People’s Daily Online, 20 July 2007
Singapore's
Foreign Minister George Yeo said the upcoming ASEAN foreign ministers
meeting in Manila will focus on Charter and regional integration.
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http://english.people.com.cn/90001/90777/6219912.html
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Power
climate in Asia shifts to efficiency and energy savings
Bangkokpost.com, 17 July 2007
Price
waterhouse Coopers recently interviewed 119 senior power utility
executives from 114 utility companies in 44 countries. In Asia,
executives in Australia, China, India, Japan, Malaysia, New Zealand
and the Philippines participated in the survey. The results indicate
that market liberalisation, increased regulation, and energy efficiency
are the key issues going forward.
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http://www.bangkokpost.com/170707_Business/17Jul2007_biz42.php
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USA
lures 55 per cent of $542b GCC surplus
Khaleej Times, 16 July 2007
The
Gulf Cooperation Council (GCC) has invested more than 55 per cent
of its current account surplus of $542 billion accumulated through
2002-2006 in the United States, while Europe attracted 18 per cent
or $100 billion of the oil-rich region's surplus fund, a report
by Institute of International Finance (IIF) said.
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http://www.menafn.com/qn_news_story_s.asp?StoryId=1093159640
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East
Asians have an eye for India
Economic Times, 15 Jul, 2007
The
Indian travel and tourism industry is on a high. More than 24 lakh
international tourists came to the country in first six months of
2007 compared to 21 lakh in the corresponding period last year.
Foreign exchange earning from the sector rose 14% to $3,589 million
from $3,037 million last year.
The
biggest growth in tourist arrivals has been from east Asia comprising
China, Japan and Korea at 26.6%. Europe came next with a growth
of 18% last year.
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http://economictimes.indiatimes.com/articleshow/2204484.cms
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First
Meeting Of Nalanda Group In Singapore
ET, 10 July 2007
The
first meeting of the Nalanda Mentor Group, headed by Nobel laureate
Amartya Sen to oversee the opening of an international university
in Nalanda in Bihar, will be held in Singapore July 13-14. 'The
Nalanda Mentor Group will discuss the proposal of support and help
of Singapore, Japan and other countries and the syllabus of the
proposed university at its first meeting.
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http://www.newspostindia.com/report-6712
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JETRO
Moots Setting up of Research Institute
Hindu Business Line, 9 July 2007
Japan External Trade Organisation has mooted the setting up of an
Economic Research Institute for ASEAN and East Asia (ERIA) that
will work in closer cooperation with each other for facilitating
smoother trade and business among themselves. India has been invited
for a meeting slated on August 23 in Manila.
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http://www.thehindubusinessline.com/2007/07/09/stories/2007070951450300.htm
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East
Asian Countries Should Strengthen Cooperation To Prevent
People’s
Daily Online, 8 July 2007
Wu Xiaoling, vice governor of the People's Bank of China, the country's
central bank, said that East Asian countries should strengthen financial
cooperation to prevent financial crisis.
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Asia
marks crisis with confidence and ambition
Daily Times, July 03, 2007
Asian countries said on Monday they were in a better position now
to deal with the sort of financial meltdown that crippled the region
10 years ago, but warned against complacency.
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http://www.dailytimes.com.pk/default.asp?page=2007%5C07%5C03%5Cstory_3-7-2007_pg5_34
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Risks
still lurk despite Asia's bounce from financial crisis: Asian Development
Bank
International Herald Tribune, July 2, 2007
According to the ADB officials, Asia faces risks of new financial
shocks despite its remarkable recovery from the 1997-98 financial
crisis, and regional cooperation is vital to keep the region strong,.
Haruhiko Kuroda, president of the bank, said that countries affected
by the crisis have fortified their economic foundations, put in
place reforms and accelerated economic regional cooperation.
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http://www.iht.com/articles/ap/2007/07/02/business/AS-FIN-Asian-Crisis-10-Years-Later.php
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Regional
cooperation helps Asia recover from financial crisis 10 years ago:
ADB symposium
People’s Daily Online, 2 July 2007
Experts said at an international symposium hosted by the ADB in
Manila that Asia's remarkable economic recovery achieved and resilience
to external shocks shown 10 years after the Asian financial crisis
indicates the importance of regional economic cooperation and integration.
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http://english.people.com.cn/200707/02/eng20070702_389496.html
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Asian
Financial Experts Advocate Regional Efforts to Avoid Future Crises
Voanews, 1 July 2007
Asian
economic experts say regional integration is the best way to prevent
another financial crisis like the one that began 10 years ago. The
region has bounced back, but officials at the Asian Development
Bank are pushing governments to develop ways to avoid future economic
breakdowns. Douglas Bakshian reports from Manila.
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http://mensnewsdaily.com/2007/07/01/asian-financial-experts-advocate-regional-efforts-to-avoid-future-crises/
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