Archive for the ‘Asian Economic News’ Category

Nintendo Loses $300 Million, Miyamoto and Iwata Takes Pay Cut

Nintendo Loses $300 Million, Miyamoto and Iwata Takes Pay Cut

Just under 6 months ago Nintendo released the update to their highly popular touch screen handheld gaming system, the Nintendo DS. Always known for revolutionizing the gaming industry by seeking to expand the market and following the Blue Ocean Marketing Approach, Nintendo has moved away from the simple hand held controller dominated by only pressing […]

Yeddyurappa Resigns

Yeddyurappa Resigns

After over three days of  tensions, Karnataka chief minister Yeddyurappa sent his letter of resignation to Bharatiya Janata Party President Gadkari. In his letter Yeddyurappa addressed his resignation but maintained his full support to the Bharatiya Janata Party. This comes as he was indicted on a mining issue in Lokayukta. President Gadkari accepted Yeddyurappa’s letter of resignation. […]

China-ASEAN to Promote Economic Growth

China-ASEAN to Promote Economic Growth

ASEAN foreign ministers’ meetings held in Bali, Indonesia left those in attendance feeling that there will be increased Chinese cooperation and that this Chinese-ASEAN relations will increase economic growth and prosperity. ASEAN Secretary-General Surin Pitsuwan went onto elaborate that  Chinese-ASEAN relations will improve the region and encourage stability.     With China as the second largest economy […]

Singapore Central Bank Raises Inflation Forecast

singapore central bank

Combating any potential risk for its nation’s growth, the Central Bank of Singapore increased its inflation projections, putting forecasted growth at a lower end of estimates.   The Singapore CPI, or consumer price index is up to 4 to 5 percent in 2011, an increase from the previous 3 to 4 percent. With the new […]

Indian and Pakistani Officials Discuss Trade in Kashmir

India Pakistan Kashmir Trade

Pakistani and Indian officials renewed discussions of peace after talks stalled in 2008 upon the Mumbai terrorist attacks in which the attackers had ties to Pakistan.  Kashmir, an overwhelmingly Muslim populated region has been a topic of high tension ever since India was released from British rule in 1947.   Since its independence there has […]

McWeddings in Hong Kong: Mcdonalds to Offer Weddings

Mcdonalds Wedding

Starting in January of this year, Mcdonalds across Hong Kong started offering discounted wedding packages. Initially in a test phase period, they were offered in 3 Mcdonalds locations in the former British colony. The average wedding in Hong Kong costs $1,300, but these Mcweddings will cost a mere $129, giving consumers or loving couples a […]

China’s $1 Trillion Debt Seen as Toxic

In the city of Loudi in the Hunan Province, workers are building a 30,000 seat Olympic Stadium, swimming complex and gym. Despite the fact that the average income in the city is just over $2,000 a year and that no olympics has been scheduled there, the multi-million dollar project continues.   Financed by 1.2 billion […]

Pakistan Turns to China as United States Suspends $800 Million in Aid

It was announced that the Obama administration was suspending its military aid to Pakistan upon worries that the money, meant to aid the Pakistani military and officials, is finding its way to terrorists in the region or simply not finding its way to do the job they are supposed to be doing. $300 million of […]

U.S. Suspends $ 800 Million in Military Aid to Pakistan

The Obama administration announced the suspension or cancellation of millions of dollars in military aid to Pakistan. This comes as questions regarding the support of Pakistan’s government in the War on Terror remains unanswered. It is not clear if the money, meant to combat terrorists and extremist insurgents is actually being used for that purpose. […]

South Korea Debates Saturdays Without School

The government led by President Lee Myung Bak’s announced that it desires letting students off from school on Saturdays. The intention of this plan is to give South Korean children more time to play and have recreational time. Many mothers have other plans though. If the reform is put into practice, it is expected that […]