Yang Jiechi Attends ASEAN Plus China, Japan and the Republic of Korea (ROK) Foreign Ministers' Meeting
ADB warns on unwinding of carry trade
Asian Development Bank raises forecast for East Asian growth
Emerging Asia 2007 economic growth forecast raised to 8.1 pct from 7.6 pct - ADB
ASEAN, East Asia research body to be set up in November
ASEAN Ministerial Meeting to Focus on Charter, Regional Integration: Singapore FM
Power climate in Asia shifts to efficiency and energy savings
USA lures 55 per cent of $542b GCC surplus
East Asians have an eye for India
JETRO Moots Setting up of Research Institute
East Asian Countries Should Strengthen Cooperation To Prevent Financial Crisis
Asia marks crisis with confidence and ambition
Risks still lurk despite Asia's bounce from financial crisis: Asian Development Bank
Regional cooperation helps Asia recover from financial crisis 10 years ago: ADB
symposium
Asian Financial Experts Advocate Regional Efforts to Avoid Future Crises

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yang Jiechi Attends ASEAN Plus China, Japan and the Republic of Korea (ROK) Foreign Ministers' Meeting
31 July 2007

Chinese Foreign Minister Yang Jiechi attended the Association of Southeast Asian Nations (ASEAN) plus China, Japan and the Republic of Korea (ROK) Foreign Ministers' Meeting and the East Asia Summit (EAS) Foreign Ministers' Working Lunch in the Philippine capital of Manila on July 31, 2007. At the East Asia Summit (EAS) Foreign Ministers' Working Lunch, Yang exchanged views with foreign ministers of other countries on EAS follow-up actions, future development direction and other issues. He said diversity in East Asia leads to diversified features of East Asia cooperation in mechanism, speed and area.

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http://www.fmprc.gov.cn/eng/zxxx/t347098.htm

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ADB warns on unwinding of carry trade
Financial Times, 26 July 2007

East Asia’s financial markets are vulnerable to a sudden unwinding of yen-carry trades and withdrawal of the capital that has lifted many of the region’s currencies, according to the ADB.

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http://www.ft.com/cms/s/461f0b9a-3b4f-11dc-8002-0000779fd2ac.html

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Asian Development Bank raises forecast for East Asian growth
International Herald Tribune, July 26, 2007

The Asian Development Bank raised its forecasts for economic growth in East Asia but warned that surging capital inflows posed new challenges for policy makers in the region.

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http://www.iht.com/articles/2007/07/26/business/adb.php

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Emerging Asia 2007 economic growth forecast raised to 8.1 pct from 7.6 pct - ADB
Forbes.com, 26 July 2007

BEIJING (XFN-ASIA) - The Asian Development Bank (ADB) said it has raised its 2007 emerging Asia economic growth forecast to 8.1 pct, driven by continued strong growth in China and only slightly moderating expansion in the region's newly industrialized economies.

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http://www.forbes.com/markets/feeds/afx/2007/07/26/afx3953585.html

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ASEAN, East Asia research body to be set up in November
The Brunei Times, 25 July 2007

THE Economic Research Institute for ASEAN and East Asia (Eria) is set to be officially established in November, said a senior Japanese government official who was on a two-day visit to the sultanate. Eria, a proposal under a Japanese initiative aimed at establishing a Free Trade Area (FTA), spanning 16 East Asian countries, will conduct research, analyses and studies on regional-economic integration as well as provide intellectual input to support the Association of Southeast Asian Nations (Asean) Secretariat in Jakarta.

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http://www.bruneitimes.com.bn/details.php?shape_ID=37631

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ASEAN Ministerial Meeting to Focus on Charter, Regional Integration: Singapore FM
People’s Daily Online, 20 July 2007

Singapore's Foreign Minister George Yeo said the upcoming ASEAN foreign ministers meeting in Manila will focus on Charter and regional integration.

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http://english.people.com.cn/90001/90777/6219912.html

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Power climate in Asia shifts to efficiency and energy savings
Bangkokpost.com, 17 July 2007

Price waterhouse Coopers recently interviewed 119 senior power utility executives from 114 utility companies in 44 countries. In Asia, executives in Australia, China, India, Japan, Malaysia, New Zealand and the Philippines participated in the survey. The results indicate that market liberalisation, increased regulation, and energy efficiency are the key issues going forward.

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http://www.bangkokpost.com/170707_Business/17Jul2007_biz42.php

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USA lures 55 per cent of $542b GCC surplus
Khaleej Times, 16 July 2007

The Gulf Cooperation Council (GCC) has invested more than 55 per cent of its current account surplus of $542 billion accumulated through 2002-2006 in the United States, while Europe attracted 18 per cent or $100 billion of the oil-rich region's surplus fund, a report by Institute of International Finance (IIF) said.

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http://www.menafn.com/qn_news_story_s.asp?StoryId=1093159640

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East Asians have an eye for India
Economic Times, 15 Jul, 2007

The Indian travel and tourism industry is on a high. More than 24 lakh international tourists came to the country in first six months of 2007 compared to 21 lakh in the corresponding period last year. Foreign exchange earning from the sector rose 14% to $3,589 million from $3,037 million last year.

The biggest growth in tourist arrivals has been from east Asia comprising China, Japan and Korea at 26.6%. Europe came next with a growth of 18% last year.

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http://economictimes.indiatimes.com/articleshow/2204484.cms

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First Meeting Of Nalanda Group In Singapore
ET, 10 July 2007

The first meeting of the Nalanda Mentor Group, headed by Nobel laureate Amartya Sen to oversee the opening of an international university in Nalanda in Bihar, will be held in Singapore July 13-14. 'The Nalanda Mentor Group will discuss the proposal of support and help of Singapore, Japan and other countries and the syllabus of the proposed university at its first meeting.

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http://www.newspostindia.com/report-6712


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JETRO Moots Setting up of Research Institute
Hindu Business Line, 9 July 2007


Japan External Trade Organisation has mooted the setting up of an Economic Research Institute for ASEAN and East Asia (ERIA) that will work in closer cooperation with each other for facilitating smoother trade and business among themselves. India has been invited for a meeting slated on August 23 in Manila.

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http://www.thehindubusinessline.com/2007/07/09/stories/2007070951450300.htm

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East Asian Countries Should Strengthen Cooperation To Prevent
People’s Daily Online, 8 July 2007

Wu Xiaoling, vice governor of the People's Bank of China, the country's central bank, said that East Asian countries should strengthen financial cooperation to prevent financial crisis.

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http://english.people.com.cn/90001/90778/6210267.htm

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Asia marks crisis with confidence and ambition
Daily Times, July 03, 2007

Asian countries said on Monday they were in a better position now to deal with the sort of financial meltdown that crippled the region 10 years ago, but warned against complacency.

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http://www.dailytimes.com.pk/default.asp?page=2007%5C07%5C03%5Cstory_3-7-2007_pg5_34


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Risks still lurk despite Asia's bounce from financial crisis: Asian Development Bank
International Herald Tribune, July 2, 2007

According to the ADB officials, Asia faces risks of new financial shocks despite its remarkable recovery from the 1997-98 financial crisis, and regional cooperation is vital to keep the region strong,. Haruhiko Kuroda, president of the bank, said that countries affected by the crisis have fortified their economic foundations, put in place reforms and accelerated economic regional cooperation.

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http://www.iht.com/articles/ap/2007/07/02/business/AS-FIN-Asian-Crisis-10-Years-Later.php

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Regional cooperation helps Asia recover from financial crisis 10 years ago: ADB symposium
People’s Daily Online, 2 July 2007

Experts said at an international symposium hosted by the ADB in Manila that Asia's remarkable economic recovery achieved and resilience to external shocks shown 10 years after the Asian financial crisis indicates the importance of regional economic cooperation and integration.

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http://english.people.com.cn/200707/02/eng20070702_389496.html

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Asian Financial Experts Advocate Regional Efforts to Avoid Future Crises
Voanews, 1 July 2007

Asian economic experts say regional integration is the best way to prevent another financial crisis like the one that began 10 years ago. The region has bounced back, but officials at the Asian Development Bank are pushing governments to develop ways to avoid future economic breakdowns. Douglas Bakshian reports from Manila.

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http://mensnewsdaily.com/2007/07/01/asian-financial-experts-advocate-regional-efforts-to-avoid-future-crises/

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