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Billionaires' $10mn gift to Yale stirs debate in China BEIJING: A Chinese billionaire couple's $10 million gift to Yale University sparked controversy among the country's Internet users Thursday, with some arguing that the money would be better spent on schools in China.The endowment marks the latest gift to a prestigious US university by Pan Shiyi and Zhang Xin, the husband-and-wife duo behind real estate giant SOHO China.In July, the couple gave Harvard University $15 million in the first stage of a $100 million programme that Pan and Zhang say will fund disadvantaged Chinese students at top institutions across the globe."Every person's potential is like a hidden gem, and education is the tool that unlocks human potential," Pan said in a statement Wednesday announcing the Yale gift."The SOHO China Scholarships aim to provide the best possible educational opportunities to the most outstanding students from Mainland China, enabling them to maximise their potential in their contribution to mankind," he added.But the ...

Heavy diggers in desperate hunt for Sri Lanka landslide victims KOSLANDA: Soldiers using heavy diggers stepped up their desperate search on Thursday for victims of a landslide in Sri Lanka, feared to have buried alive 100 people on a tea plantation.Hundreds of rescue workers clawed through tonnes of mud that washed away some 150 tin-roofed homes at the plantation on Wednesday while most of the residents were away at work or in school."We are also bringing in an additional 200 troops to add to the ...
Philippines urges citizens to leave Ebola-hit Africa MANILA: The Philippines on Thursday urged hundreds of its citizens to leave Ebola-hit west African nations, as it announced anyone who returned would be placed under a 21-day quarantine.Foreign Affairs Secretary Albert del Rosario said the government had made a "voluntary repatriation" call to about 900 workers in Liberia, Guinea and Sierra Leone.He told local television network ABS-CBN that President Benigno Aquino had also ordered those who did return would have to be isolated in ...
Emerson Network Power Receives Frost & Sullivan Leadership Award in Asia Pacific MANILA: Emerson Network Power, a business of Emerson (NYSE:EMR) and a global leader in maximizing availability, capacity and efficiency of critical infrastructure, today announced that it has been awarded the 2014 Asia Pacific Data Center Integrated Power Infrastructure Growth Excellence Leadership Award by Frost & Sullivan. The award was presented to Emerson at the Frost & Sullivan Asia Pacific Best Practice Awards ceremony in Singapore held recently on October 16th.An independent analysis conducted by the ...
China set to punish HK lawmaker for criticising leader HONG KONG: A senior pro-Beijing lawmaker in Hong Kong faces being sacked from an influential Chinese government body after taking the unusual step of criticising the city's embattled leader, his brother said Wednesday.Fellow lawmaker Michael Tien said his brother James, a prominent businessman and politician, will likely be dumped from the Chinese People's Political Consultative Conference (CPPCC) because of his perceived disloyalty to Hong Kong Chief Executive Leung Chun-ying.The standing committee of the prestigious body, ...
North Korea researching sea-based missiles: US think-tank SEOUL: North Korea has built a test facility that may be intended to develop a marine-based ballistic missile launch capability, using submarines or surface vessels, a US think-tank said Tuesday.While submarines carrying ballistic missiles could provide the North Korea with a survivable second-strike nuclear capability, the US-Korea Institute at Johns Hopkins University stressed that Pyongyang was likely "years" from achieving the required technology.Reviewing recent commercial satellite imagery, the institute said a new test stand had ...
South Korea spy agency says North hacking smartphones SEOUL: North Korea attempted to hack tens of thousands of South Korean smartphones this year, using malware disguised in mobile gaming apps, the South's spy agency said in a report submitted to parliament this week.The National Intelligence Service said more than 20,000 smartphones may have been infected by the apps that were posted on South Korean websites between May and September, an aide to lawmaker Lee Cheol-Woo of the ruling Saenuri Party told AFP on ...

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln