UBS first foreign bank approved for majority stake
Beijing – China’s securities regulator on Friday gave approval for UBS Group (UBSG.S) to hold the majority stake in its securities joint venture, making it the first foreign bank to take such control under new rules announced by Beijing last … Continue reading UBS first foreign bank approved for majority stake
China : Accelerating the free trade zone strategy
Beijing – The Framework Agreement on Comprehensive Economic Cooperation Between China and ASEAN was signed in November 2002. It was China’s first free trade zone treaty that ushered in an FTZ era in the country. The CPC elevated free trade … Continue reading China : Accelerating the free trade zone strategy
China promotes comprehensive strategic partnership
Port Moresby – Chinese President Xi Jinping and eight Pacific island countries’ leaders and officials met in the Papua New Guinea (PNG) capital on Friday and agreed to elevate their relations to a comprehensive strategic partnership featuring mutual respect and … Continue reading China promotes comprehensive strategic partnership
North Korea : Kim open to nuclear site inspection
Pjöngjang – North Korean leader Kim Jong Un is willing to allow inspectors into the reclusive country’s main nuclear complex in Yongbyon, South Korea’s Yonhap news agency reported on Tuesday, citing a senior diplomatic source. “I understand that Chairman Kim … Continue reading North Korea : Kim open to nuclear site inspection
China says far from national CO2 scheme
Beijing – China still needs to do a lot of work before it can fully launch its long-awaited nationwide carbon emissions trading scheme and will gradually phase in the system that is already running behind schedule, a senior government official … Continue reading China says far from national CO2 scheme
China: Two more foreign financial institutions licenced
Shanghai – China has given the go-ahead for two more foreign financial institutions to set up local subsidiaries, the country’s banking and insurance regulator said in a notice on Sunday, bringing the total number of approvals to 12. Germany’s Allianz … Continue reading China: Two more foreign financial institutions licenced
Papua New Guinea urges greater WTO participation
Sydney – Papua New Guinea Prime Minister Peter O’Neill urged Asia-Pacific nations to increase their participation in the World Trade Organisation (WTO) on Friday, five days after a tense regional summit held in the Pacific nation ended in acrimony. Deep … Continue reading Papua New Guinea urges greater WTO participation
OFO : No threat of bankruptcy
Beijing – It’s possible that Ofo could be acquired or merged in the future; however, bankruptcy is impossible, The Paper reported citing Ofo founder and CEO Dai Wei. Dai did not provide details why Ofo will not go bankrupt. In … Continue reading OFO : No threat of bankruptcy
Asia: Thailand leads in tourism expenditures
Bangkok – International visitors spent more money in Thailand than in any other Asian country in 2017, according to a UN World Tourism Organisation (UNWTO) report. The report said that Thailand recorded a total tourism expenditure of USD 57 billion … Continue reading Asia: Thailand leads in tourism expenditures
Kazakhstan to host PATA Travel Mart 2019
Bangkok – The Pacific Asia Travel Association (PATA) is set to organize PATA Travel Mart 2019 in Astana, Kazakhstan in September. The event will be hosted by the Ministry of Culture and Sports of the Republic of Kazakhstan and the Kazakh Tourism … Continue reading Kazakhstan to host PATA Travel Mart 2019