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India, China sign on to Copenhagen accord
India and China have signed on to the Copenhagen climate change agreement reached in December 2009, which calls for setting voluntary limits on emissions of greenhouse gases. More than 100 countries have now agreed to the Copenhagen accord, including all major economies except for Russia. The accord states the countries’ “aim” to keep [...] -
China-ASEAN rail link development on track
Plans are advancing for a rail network that would eventually link Singapore to Kunming, China through six Southeast Asian nations. There are still gaps in the various national lines that would link the countrys, and many parts of the current track are decrepit. Currently, critical gaps are being filled in Cambodia. The ADB as [...] -
Indonesia, Australia launch A$30 mln forest CO2 project
Indonesia and Australia launched a A$30 million project on Tuesday to fight deforestation in Sumatra as part of efforts to cut greenhouse gas emissions and boost a planned forest-carbon trading scheme. The project, to target Sumatra’s Jambi province that has suffered rapid deforestation, is the second joint venture between the neighbouring countries keen to learn how [...] -
Asian Sovereign funds ready to back Prudential’s AIA deal: Report
Sovereign wealth funds from China and Singapore have been lined up to help fund Prudential’s $35.5bn purchase of AIA, the Asian arm of AIG, in a move that could give state-backed investors a substantial stake in the region’s biggest insurer, a report says. The Financial Times quoted unidentified sources as saying that Prudential and its advisers [...] -
Regional drought threatens millions living along Mekong River
A regional drought has lowered water levels in the northern Mekong River, and threatens the livelihoods of more than 60m people who live along it. The Mekong River provides water supply, navigation, and irrigation along its route, and its record-low levels have affected northern Thailand, northern Laos and southern China. Chief Executive Officer of the Mekong River [...] -
India predicts 8.8% growth
India’s annual Economic Survey forecast predicted that the country would grow as much as 8.75% in the coming fiscal year. The country’s Finance Minister Pranab Mukherjee said that India had moved past the "despondency and gloom" of 2009, and ends the fiscal year "with confidence". The country’s economy is expected to continue on its "high growth [...] -
Myanmar: Suu Kyi appeal refused, Singapore ‘disappointed’
The house arrest of Myanmar’s leading dissident Aung San Suu Kyi’s will continue, after the Supreme Court of Myanmar refused an appeal to shorten it. The current 18-month sentence extension was ordered after an uninvited American swam across a lake to Suu Kyi’s home, where Suu Kyi allowed him to stay. The [...] -
Thai court seizes S$1.96 billion of Thaksin family assets
The Thai Supreme Court has ordered the seizure of 46.37 billion (S$1.96 billion) of the 76.6 billion(S$3.2 billion) baht in frozen assets belonging to the Shinawatra family. In a marathon verdict that took seven hours to deliver, the Supreme Court said the former prime minister and one-time owner of Manchester City Football Club had concealed his [...] -
Thailand: Rising Concerns as Migrant Workers’ Nationality Verification Deadline Approaches
More than one million migrants in Thailand face possible deportation and further abuse if they fail to meet a deadline this week to register with authorities, New York-based Human Rights Watch said. Thailand has ordered all migrants from neighboring Myanmar, Cambodia and Laos to register and verify their nationality by Feb. 28 or risk deportation, as [...]
