China: Yuan sets new low against USD
Beijing – The Chinese yuan has hit another new low versus the U.S. dollar since starting its recent depreciation against the greenback in mid-January.The People’s Bank of China set the yuan’s mid point at 6.1610 on Tuesday, 19 bips lower … Continue reading China: Yuan sets new low against USD
Chinese bank launches “Pretty Mom” credit card
Beijing – The Agricultural Bank of China (ABC) issued a new type of credit card on Friday targeting China’s young mothers, a growing group known for their love of shopping and their greater say in the family budget.The cards focus on … Continue reading Chinese bank launches “Pretty Mom” credit card
Death toll rises to 64 in S. Korean ferry accident
Seoul – South Korean officials have said in a daily briefing that the confirmed death toll of the capsized ferry-Sewol, has risen to 64, with 238 people still missing.Officials said there are now 234 ships, together with over 30 planes … Continue reading Death toll rises to 64 in S. Korean ferry accident
China eyes new energy projects for greener development
Beijing – China will launch a number of major projects to restructure its energy layout and achieve a greener development with cleaner energy.China will push forward reform in energy production and consumption, and make energy use greener, said Premier Li Keqiang … Continue reading China eyes new energy projects for greener development
ASEAN: No timeframe for South China Sea code of conduct
Chonburi, Thailand – The drafting of the South China Sea code of conduct (COC) is a working process without a timeframe, the director-general of the ASEAN Affairs Department of Thailand’s Ministry of Foreign Affairs told Xinhua Monday.“We need to use … Continue reading ASEAN: No timeframe for South China Sea code of conduct
Auto China 2014 opens in Beijing
Beijing – The 2014 Beijing International Automotive Exhibition, or Auto China 2014, opened to the public on Monday. This year’s show hit record highs for the number of debut models and new vehicles.More than 2,000 automakers from 14 countries and … Continue reading Auto China 2014 opens in Beijing
Chinese companies bear losses caused by unrest in Ukraine
Beijing/Kiew – In crisis hit Ukraine, the country’s economic woes are not only impacting Europe’s economies, it’s also wreaking havoc on Chinese companies that have operations in the country.Song Feng is the head of a private colour plate company in … Continue reading Chinese companies bear losses caused by unrest in Ukraine
9 dead, 179 rescued, 287 still missing in ROK ferry sinking
Seoul – The South Korean Coastguard’s regional chief, Kim Soo-hyun, has given an update on the rescue operation to find missing passengers from a South Korean ferry that capsized Wednesday.Of the 475 people on board, 9 have been confirmed dead, … Continue reading 9 dead, 179 rescued, 287 still missing in ROK ferry sinking
“Trails of Indochina” nominated for World Travel Award
Ho Chi Minh City – Trails of Indochina have been nominated for the “World Travel Awards” for the second consecutive year in the category of Asia’s Leading Destination Management Company. The “World Travel Awards” serve to acknowledge, reward and celebrate … Continue reading “Trails of Indochina” nominated for World Travel Award
Passenger ship carrying 477 sinks off S. Korean coast
Seoul – A passenger ship with 477 people aboard, mostly high school students, sank in waters off South Korea’s southwest coast Wednesday morning, with two dead and 14 wounded, local media reported. The 6,325-ton passenger ship “SEWOL” was capsized and … Continue reading Passenger ship carrying 477 sinks off S. Korean coast