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Stronger Asian Currencies Cause Concern for Exporters
Fears are emerging that the rise in Asia’s currencies against the U.S. dollar will undermine the region’s exports. Economists say companies face narrowing profit margins in a competitive global market. Asian currencies have been on the rise against the U.S. dollar since the year’s start. The Japanese yen, Malaysian ringgit, Thai baht, Indonesian rupiah and Singapore... »
Spike in Pirate Attacks in Indonesian Waters Raises Warnings
In the latest of a series of attacks in Southeast Asian waters, armed pirates attacked a Japanese chemical tanker off the Indonesian island of Mangkai in the South China Sea. Indonesia and its neighbors are coordinating efforts to fight the pirates. Pirates armed with guns and knives are increasing their attacks on ships passing by... »
Thailand’s Thaksin Quits Role in Cambodian Government
Cambodia says Thailand’s fugitive former prime minister Thaksin Shinawatra has resigned as Cambodia’s economic advisor, clearing the way for an easing of strained relations between the two countries. Phnom Penh said Monday Thaksin stepped down at his own request because of difficulties in fulfilling his duties. The former Thai leader, who now lives abroad, was ousted... »
Outsourcing, Japanese style
Consumers and customers in Europe and North America are accustomed to having their telephone inquiries answered by call centres in Asia where labour costs are much lower. These call centres are staffed by locals and, as a rule, these call centre employees do not disclose their locations. In fact, they try their very... »
N. Korea Warns U.S. to Stop Military Exercises with South – report & video
Article source: VOA News (22 July 2010, Daniel Schearf | Hanoi) – N. Korea Warns U.S. to Stop Military Exercises with South – report & video North Korea has said the United States must halt plans for military exercises with South Korea, if it wants to see a nuclear-free Korean peninsula. The warning... »
IMF Raises Forecast for Global Economic Growth but Warns of Risks
Source: VOA News (08 July 2010, Peter Simpson | Beijing) – IMF Raises Forecast for Global Economic Growth but Warns of Risks The International Monetary Fund says the world is recovering more quickly than expected from the global financial crisis. The global economy is on track to expand by 4.6 percent this year,... »
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