Bangkok gold price surges to record high amid Mideast tension, weaker dollars

Monday, July 14th, 2008

Gold price in Bangkok, one of the major gold market in Southeast Asia, has surged to a record high upon concerns over renewed Middle East tensions and the weakening U.S. dollar, Thai News Agency quoted an industry executive as saying Monda ...

Indonesian aims to make ASEAN region a car industry hub

Monday, July 14th, 2008

Indonesia aims to lead the charge in making the Association of Southeast Asian Nations (ASEAN) an automotive industry production house, the Jakarta Post daily quoted Edy Putra Irawady, a deputy to the coordinating minister for industry and ...

Foreigners selling of S Korean stocks tops in Asia

Monday, July 14th, 2008

The South Korean stock market faced the greatest exodus of foreign capital in Asia in the first half of 2008 as foreign investors' worries over a global credit crunch and cost-push inflation deepens, the Korea Exchange (KRX) said Monday. ...

Arab children’s congress opens with focus on education

Monday, July 14th, 2008

Some 150 youngsters aged 14 to 16 from 20 countries across the Arab world, America, Europe and Asia gathered here to take part in the 28th International Arab Children Congress which kicked off on Monday focusing on education. During ...

Indonesian president calls for broadened support for Palestine independence

Monday, July 14th, 2008

Indonesia called upon Asian and African countries to broaden the support for the struggle of Palestinian independence and help the Palestinian people achieve their goal in a concrete manner, Indonesian President Susilo Bambang Yudhoyono sa ...

Myanmar’s private companies to build over 6,000 low-cost houses for cyclone victims

Monday, July 14th, 2008

Sixteen private construction companies in Myanmar will build over 6,000 low-cost houses for homeless storm victims at seven disaster-affected areas, the country's weekly Flower News reported Monday. The 16 companies, including Asia ...

War epic "Red Cliff" declares opening victory in Asian market

Saturday, July 12th, 2008

"Red Cliff", reportedly Asia's most expensive ever film, gained 27 million yuan (3.91 million U.S. dollars) of box office on its first-day release, setting the highest record among homemade movies. The first of this two-part epic mo ...

ADB: Asian integration good for global economy

Friday, July 11th, 2008

Increasing integration among Asian economies offers a new platform to promote growth and strengthen trade links, which is conducive not only for Asia, but also for the rest of the world, the Asian Development Bank (ADB) said on Thursday. ...