POPULAR DESTINATION INDONESIA FEARS DROP IN ARRIVALS, EARNINGS
Published 13-06-2017 10:53 GMT-0000
The Middle East crisis, which has seen the diplomatic isolation of Qatar last week, is expected to impact tourist traffic to Asia, particularly Indonesia, which is very popular destination among Middle East and European tourists. The country fears that this could lead to a drop in its foreign exchange earnings from tourism. Bali, the single largest tourist destination of Indonesia, has been receiving some 400,000 visitors via Qatar, of which 70% are tourists.
ISLAMABAD HOPEFUL OF MASSIVE EMPLOYMENT GENERATION
Published 21-04-2017 12:18 GMT-0000
Although India and even a section of free-thinking Pakistani intellectuals – mainly peaceniks – are critical about the China-Pakistan Economic Corridor (CPEC), there is a growing support to the US $ 75 billion handshake, mainly funded by the Export Import Bank of China, as it is projected to create over two million jobs, directly and indirectly and jack up the GDP growth to 7.5 per cent, according to the US-based consulting firm Deloitte and Touche. It will build power plants and boost infrastructure and cause substantial addition to aggregate consumption and thus benefit the Pak economy .The gigantic project is slated to be a game-changer for Pakistan.
BREAKING UP OF THE NATION LOOMS LARGE
Published 27-06-2016 10:06 GMT-0000
Brexit has shown the threat which the far-right poses to a level-headed nation such as Great Britain. One of the qualities which the Brits are supposed to have – whether they are English or Scottish or Irish or Welsh – is a strong commonsense.
WILL SCOTLAND SECEDE FROM LITTLE BRITAIN?
Published 21-06-2016 10:57 GMT-0000
Just two days ahead of the crucial referendum which would decide the future of the Britain and draw out a fresh contour of the geopolitics of the region, as a last ditch attempt the USA has floated the rumour that Scotland will quit the United Kingdom if the vote on June 23 goes against remaining in the European Union and would have another referendum on declaring it as an independent country.
CAMERON’S FUTURE AS PM IS AT STAKE
Published 16-06-2016 17:36 GMT-0000
With barely a week to go for the referendum on whether to quit the European Union (EU), the Britons appear to be completely in the state of confusion. During last week the Brexit has gained nearly four points more than Remain, enforcing the belief that the people are in favour of quitting EU but skepticism has also started running high about the future of United Kingdom.
INDIA SEEKS COLLABORATION IN INDUSTRY
Published 18-05-2016 10:22 GMT-0000
Myanmar’s transition from army rule to full-fledged democracy is going on. The undisputed leader of the country, Aung San Suu Kyi, is the chairman of Myanmar’s National Democratic League which swept the polls in the general elections six months ago, But a provision deliberately inserted in the army-drafted constitution prevents her from becoming the president of the country. Amending the constitution will take some time. But she is already the de facto head of State in her capacity as State Counsellor – a post specially created for her. She also holds the portfolios of foreign affairs, education, power and energy and the president’s office. The President, Htin Kyaw is one of her most trusted colleagues.
NO GIVING UP OF PATENTS RIGHTS UNDER PRESSURE
Published 27-04-2016 09:05 GMT-0000
In the face of current world economic crisis, poised by bubble burst in China and the financial crisis in European Union and further to be triggered by Britain exit from EU ( highly speculated), regional integrations have become important for developing nations . Inter-regional trade in the trade blocks, which warrant for duty free or concessional duty preferences, has become pertinent for the buoyancy in trade and investment. Under the present environment, no developing country can stand alone for its growth in trade and investment.
PORTUGAL JOINS GREECE, SPAIN MAY FOLLOW
Published 25-11-2015 15:33 GMT-0000
A powerful leftist political surge is being witnessed in the recent Parliamentary elections of the European countries with Portugal being the latest to have a left coalition government after the centre right President Anibal Silva was forced to invite on November 24 the leader of the Portuguese Socialist Party Antonio Da Costa to form the coalition government along with the Left block and the Portuguese Communist Party. In October 4 general elections, the ruling Social Democratic Party led by the Prime Minister Pedro Coelho lost majority but he was allowed to form the Government though the Socialist Party came to an understanding with the Left block and the Communist Party to have an anti-austerity coalition government. The Left coalition had 122 seats as against 107 seats secured by the ruling combination in the 230 member house. President Silva tried his best to persuade the Socialists not to have truck with the communists but he failed and the Coelho government was defeated in the new Parliament by the combined strength of the left coalition. There was no alternative for President Silva other than inviting Costa to form the new government.
INDIA HAS TO BE INNOVATIVE IN ITS RELATIONS
Published 24-11-2015 11:37 GMT-0000
KOLKATA: It is tempting to compare the state assembly elections in Bihar with the parliamentary elections in neighbouring Myanmar. In both the polls the ruling parties were decimated. Coincidentally, the Myanmar polls were held on November 8, the same day that the Bihar poll results were announced.
NEW DELHI HAS TO FINE TUNE ITS POLICIES
Published 17-09-2015 17:36 GMT-0000
Amidst global turmoil, jerked by Chinese yuan devaluation of 1.9 percent on August 11, India’s enigma was unraveled by the group of world-class economists. They dashed the threat and were univocal in declaring India a safe country. They asserted that India was far from contagion impact of yuan devaluation and global turmoil. Reasons, India’s economic fundamentals were strong and evidently, India would outsmart Chinese growth in near future. Strong economic fundamentals , bottom out of growth and downturn in the inflation will insulate india from the impact of global turbulence, owing to yuan devaluation.