Asian Economies

World Bank Says East Asian Economies Slowing; Inflation a Concern

seher — Tue, 01 Apr 2008 13:52:13 -0500

The World Bank says growth in East Asian economies will slow this year after a drop in global demand. But, the bank says inflation remains the biggest threat to the region's long-term economic stability.

China's success dashes Asian single-currency hopes

seher — Mon, 25 Feb 2008 11:49:51 -0600

Hopes of a single-currency Asian Economic Union (AEU) are doomed because China will soon outgrow its neighbours, a leading economist has warned.

JP Morgan makes multi-million investment in Asian economies

seher — Tue, 19 Feb 2008 09:44:55 -0600

JP Morgan intends to invest $750 million in the Asia-Pacific region against the background of IMF’s forecast of economic growth that may outplace the USA during the current year.

Hong Kong, India, South Korea, other markets hit records

Dinka — Mon, 29 Oct 2007 11:19:47 -0500

Asian markets rose Monday, buoyed by Wall Street's rally on Friday and because a weak U.S. dollar propelled investors into regional markets. Hong Kong, India , Indonesia , Malaysia , South Korea and other regional bourses hit record closes. New Zealand was the only market to post a loss.

Asia sees drop in poverty but rising inequality

Dinka — Mon, 02 Jul 2007 09:57:50 -0500

Rapid economic growth has spurred progress in the eradication of extreme poverty and hunger in Asia, where the proportion of people living on a dollar a day has been cut by half, but inequality is also growing in parts of the region, says a United Nations report released today in Bangkok.

Asian leadership tops World Economic Forum agenda

Dinka — Thu, 21 Jun 2007 11:23:02 -0500

An international meeting of government and business leaders, including Philippine President Gloria Macapagal Arroyo, will discuss Asian leadership and ways to manage risks to the region's growth, organizers said Thursday.

ASEAN, EU Agree to Start Free Trade Talks

Dinka — Mon, 07 May 2007 06:18:54 -0500

Southeast Asian nations and the European Union have agreed to start free trade talks, and a leading U.S. semiconductor maker says it will invest $1 billion in the Philippines. Claudia Blume at VOA's Asia News Center has more on these and other business stories from the region.

ASEAN+3 Finance Ministers' Meeting makes tangible progress

Dinka — Mon, 07 May 2007 01:47:54 -0500

The finance ministers of the Association of Southeast Asian Nations (ASEAN) as well as China, Japan and South Korea (ASEAN+3) concluded their 10th meeting on Saturday afternoon in Kyoto, vowing to further deepen financial cooperation.

Asia Struggles to Balance Economic Needs Against Environmental Damage

Dinka — Sun, 06 May 2007 10:24:17 -0500

Japan is devoting a sizable sum of money to making Asia's use of energy more earth-friendly. Tokyo's announcement came at the meeting of the Asia Development Bank in the Japanese city of Kyoto, where bank officials and government leaders are struggling to strike a balance between the need for strong economic growth and the devastating environmental effects of fossil fuel consumption.

Asian Bank Meeting to Look at Shifting Role as Region Prospers

Dinka — Thu, 03 May 2007 11:14:56 -0500

Over the past 40 years, the Asian Development Bank has loaned billions of dollars to the poorest areas of the region. Now that much of the region is booming, the nonprofit institution is in the process of reinventing itself to tackle some of the problems created by economic success. VOA's Kurt Achin reports from Kyoto, Japan, where ADB delegates and officials are holding their annual board of governors meeting.

BFA Annual Conference 2007 opens in Boao

Dinka — Sat, 21 Apr 2007 08:26:28 -0500

The Annual Conference 2007 of the Boao Forum for Asia (BFA) opened Saturday in Boao of southern China's Hainan Province, focusing on the integration of the whole Asia. China's top legislator Wu Bangguo attended the opening ceremony and delivered a keynote speech.

China And India Are Rising Economic Powers, Economists say

Dinka — Sat, 07 Apr 2007 10:14:11 -0500

Two point four billion people, or 40 % of the world's population, live in China and India. Some economists believe that China and India, with two point four billion people, are moving toward becoming the world's largest economies. We look at the economic growth of the large Asian nations, their increasing trade relations and the change in U.S. policies toward India and China.