12072016Wed
Last update: Wed, 07 Dec 2016 07pm

South Asia

World - South Asia

China's Xi says hopes for fair Australia investment policy HANGZHOU: China hopes Australia can provide a fair and transparent environment for foreign investors, President Xi Jinping said on Sunday, as he met Australian Prime Minister Malcolm Turnbull for the first time since Canberra blocked a major deal.Australia angered China last month after Turnbull's government stopped the A$10 billion ($7.57 billion) sale of the country's biggest energy grid to Chinese bidders after they failed to overcome security concerns.After a meeting on the sidelines of a G20 summit in the eastern Chinese city of Hangzhou, Xi said China "hopes the Australian side continues to dedicate itself to providing foreign investors a fair, transparent and predictable policy environment"."This also accords with Australia's own interests," China's Foreign Ministry quoted Xi as telling Turnbull.The decision has caused a rift between Australia and its biggest trading partner. China has accused Australia of bowing to protectionist sentiment in blocking the bid for Ausgrid, as well as ...

World - South Asia

India gives Vietnam $500mn for defence spending HANOI: India said Saturday it is giving Vietnam half a billion dollars in credit to boost defence ties.Indian Prime Minister Narendra Modi made the announcement during a visit to Hanoi."I am also happy to announce a new defence credit for Vietnam of $500 million for facilitating deeper defence cooperation," Modi told reporters after officials signed a raft of agreements, including in technology, cybersecurity and health.He did not specify details of the arrangement, but traditionally such ...

World - South Asia

China must rely on reforms to keep fast economic growth: Xi HANGZHOU: China must rely on reforms to help maintain a medium-to-high rate of economic growth over the long term, Chinese President Xi Jinping said on Saturday, as the country undergoes structural changes, including reductions in excess factory capacity.Speaking to a business forum on the eve of a summit of leaders of the world's 20 biggest economies in Hangzhou, Xi said the G20 should combine monetary and fiscal policies with structural reforms to promote growth, and ...

World - South Asia

China must rely on reforms to keep fast economic growth: Xi HANGZHOU: China must rely on reforms to help maintain a medium-to-high rate of economic growth over the long term, Chinese President Xi Jinping said on Saturday, as the country undergoes structural changes, including reductions in excess factory capacity.Speaking to a business forum on the eve of a summit of leaders of the world's 20 biggest economies in Hangzhou, Xi said the G20 should combine monetary and fiscal policies with structural reforms to promote growth, and ...

World - South Asia

Myanmar peace summit ends with long road ahead NAYPYIDAW: Myanmar's Aung San Suu Kyi concluded a landmark peace summit with ethnic rebels on Saturday, calling it the first step in what promises to be a tough road to peace in a country riven by civil wars since its birth.The conference in the capital Naypyidaw is Suu Kyi's first big drive to end ethnic minority insurgencies that have rumbled across Myanmar's frontier states for nearly seven decades, claiming thousands of lives and trapping the ...

World - South Asia

China's Xi says committed to path of peaceful development HANGZHOU: Chinese President Xi Jinping said on Saturday that China is committed to the path of peaceful development.Xi was speaking to a business forum on the eve of a summit of leaders of the world's 20 biggest economies in the eastern Chinese city of Hangzhou.Copyright Reuters, 2016 ...

World - South Asia

Philippines' Duterte cancels first foreign trip: govt MANILA: Philippine President Rodrigo Duterte cancelled Saturday his first foreign trip to Brunei following a deadly blast in his home town, his spokesman said.An improvised explosive device tore through a night market in the southern city of Davao on Friday, killing at least 14 people and leaving another 67 injured. Duterte, who was in Davao at the time of the bombing, visited the blast site and has been monitoring the situation there with his cabinet ...