Economic conditions
China's most populous nation is expected to face increasing environmental pressure unless a new law is introduced to promote a "circular" economy. Sun Youhai, an official with the Environment and Resources Committee of the National People's Congress, announced that a law to support the
Economic conditions
Taipei is bracing for economic turmoil as China, Japan, and South Korea move closer to forming a free trade agreement (FTA), potentially leaving Taiwan's manufacturing sector struggling to compete in global markets. The Ministry of Economic Affairs (MOEA) has released a sobering assessment, warning that exclusion from the
Economic conditions
Mongolia is in the process of implementing a wide-ranging public administration reform aimed at improving the ability of the public sector to manage public resources effectively. The reform program seeks to create a public sector management process that allocates resources efficiently while keeping costs low. To achieve this, the Government
Economic conditions
In a surprise reunion, former US Secretary of State Colin Powell met with South Korea's Foreign Minister Ban Ki-moon in Seoul on Sunday. The two leaders, who have not seen each other since Powell stepped down from office earlier this year, shared a warm moment as Powell arrived
Economic conditions
Taipei Mayor Ma Ying-jeou's victory in the first direct election for the party chairmanship of the Kuomintang (KMT) has brought about significant changes in the party's leadership. After defeating Legislative Yuan Speaker Wang Jin-pyng, Ma faces several pressing challenges, including the re-election of the party central
Economic conditions
Fiji's Ministry of Home Affairs has issued a warning to foreign investors and businessmen, stating that expressing political opinions while on work permits in the country may result in their permits being cancelled. The warning was sent to the Fiji Employers Federation, a prominent business organization in Fiji,
Economic conditions
Shanghai has made a significant move in response to the central government's call for greater efforts in attracting foreign investment in the nation's service sector. The city has committed to opening more fields of the service sector to foreign investors by highlighting investment in equipment manufacturing
Economic conditions
The Samsung Group, Korea's most powerful conglomerate, has filed a petition with the Constitutional Court to challenge the government's revised antitrust law, which restricts voting rights in financial companies. The move has sparked controversy and debate among policymakers, civic activists, and economists. According to Kim Yun-keun,
Economic conditions
The International Monetary Fund (IMF) has hailed the significant progress made by the Arroyo administration in putting the country's fiscal house in order. During a farewell call on President Gloria Macapagal-Arroyo at the Philippine Presidential Palace, outgoing IMF resident representative Vikram Haksar cited the administration's determination
Economic conditions
In a recent wave of general shareholders meetings, Japanese companies have faced significant opposition from shareholders over issues such as anti-takeover measures, executive compensation, and director nominations. With approximately 1,600 companies holding their gatherings on a single day, the meetings reached a peak. Fanuc Ltd. became the third firm
Economic conditions
Kim Woo-choong, the founder of the now-defunct Daewoo Group, will be indicted on charges of fraud and foreign currency violations, prosecutors announced. Kim, who fled South Korea in 1999, was arrested upon returning home two weeks ago after nearly six years on the run overseas. The indictment marks a significant
Economic conditions
Taiwan is seeking to resolve the long-standing sovereignty claims over waters where Taiwan and Japan's exclusive economic zones overlap. Lee Jen-chyuan, vice chairman of the Council of Agriculture, has proposed that both countries shelve their disputes and jointly manage the area, allowing Taiwanese and Japanese fishermen to operate
