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SEOUL, South Korea — In an effort to resume free trade discussions, representative from South Korea and Japan found common ground increasing the amount of a currency-swap deal. While both countries are key allies to the U.S., South Koreans still resent Japan for its 35 year occupation from 1910 to 1945. Extending a goodwill gesture, [...]
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By far China is the “sickest” country of 35 industrialized nations surveyed. (Absentee video attached below.) Survey Said: China led all other polled regions with 71 % of workers admitting to calling in sick if they weren’t actually ill. France had the smallest number with only 16 %. U.S. had 52 % ring in ill [...]
The Vietnamese government announced it will spend $17 billion in 2009 in order to stimulate the Vietnam economy in the wake of the global economic crisis according to Bloomberg. While a portion of the spending plan is part of the over all budget for the Vietnam economy, the amount is 23 percent higher as the [...]
Through cooperative agreements between Vietnam and Singapore, Saigon Securities, Vietnams leading securities brokerage plans to list on the Singapore stock exchange in 2008 according to the Wall Street Journal. In addition to Saigon Securities, Vietnam companies such as Vinamilk (dairy producer) and FPT (IT services) plan to list on either the Singapore stock exchange or [...]
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The people of Vietnam, despite the Vietnam government, protested on Sunday outside the China embassy over the partial claim of the Spratly and Paracel islands by the Chinese government according to AFP. The Chinese government took partial position of the islands from South Vietnamese forces in 1974 which have created on going concern ever since [...]
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The Thai government estimates that the most recent riots by ‘Red Shirt’ protestors has cost the Thailand economy as much as $2.9 billion in lost tourism revenue according to AFP. The loss to the Thai economy comes as the Thai government expects that Thailand will see 3.2 million less visitors to Kingdom as tourists spend [...]
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Prime Minister Samak Sundaravej of the new Thailand government has suggested that he will work towards removing restrictions on foreign capital inflows according to The International Herald Tribune. Thailand investment limits were imposed in 2006 and have since then severely damaged foreign investor confidence and have ultimately affected the growth of the Thailand economy. The [...]
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Thailand now ranks 15th, up from 13th in 2007, in the World Banks 2008 ease of doing business report according to The Nation. The key driver of the higher ranking for Thailand is the introduction of e-customs that has led to a fall of costs in exporting and importing. Nonetheless, the World Bank noted that [...]
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New Zealand’s biggest producer of washers and dryers, Fisher & Paykel Appliances (F&P), plans to further invest in Thailand according to Bloomberg. In addition to the Thailand investment, F&P set up plants in Mexico and Italy as it closes down three plants in New Zealand, Australia, and in the US. The company moved its electronics [...]
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Tata Motors, India’s largest automaker, has unveiled its first pick-up truck made in Thailand according to The Economic Times. The truck, named the Xenon, is a product of the Tata investment in Thailand worth $40.26 million. The Thailand investment by Tata and plans to manufacture 12,500 units a year and aligns with Tata’s global expansion [...]