Economy |
BANGKOK Feb 26, 2010 Thailand’s Supreme Court today seized $1.4 billion worth of assets belonging to former premier Thaksin Shinawatra’s family. This leaves about $900 million untouched. The decision could make some anti-government groups happy.
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BERLIN Feb 24, 2010 Greece on Wednesday accused Germany of not compensating it for Nazi occupation during World War II. The Greek Deputy Prime Minister told BBC World Service radio, "They took away the Greek gold that was at the Bank of Greece, they took away the Greek money and they never gave it back."
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PHNOM PENH Feb 17, 2010 Kith Thieng, a Cambodian tycoon will open a $100 million casino in Bavet on Feb. 26. He said Bavet was fast becoming a regional centre for entertainment "much like Las Vegas and Macau". He wants to attract foreign tourists and develop the country’s fast-growing entertainment industry. He said the casino the Titan King Casino will employ 6,000 people.
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PHNOM PENH Feb 10, 2010 The United States has told Cambodia that it can not write off the $317 million debt due to it, which date back to the 1970s. However, it has instead agreed to allow more time to repay, U.S. Deputy Assistant Secretary of State Scot Marciel said today. The U.S will also not convert the debt into development aid but would work out a plan for Cambodia to pay back the loans, Marciel said.
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CANBERRA Feb 08, 2010 The Australian government said it will dump 20,000 low-skilled migrant applications, received before September 1, 2007. It will re-focus its immigration intake on high-skilled jobs critical to the economy. Australia’s mining sector welcomed the move. It has been expanding to meet China’s growing demand for resources, but faces a shortage of skilled workers.
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SEOUL Feb 03, 2010 North Koreans are starving to death and unrest is growing in the country. This is due to
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TOKYO Jan 19, 2010 Japan Airlines Corp (JAL) filed for bankruptcy on Tuesday. It currently owes more than $25 billion to outsiders.
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It plans to slash 15,700 jobs and unprofitable routes to survive rising fuel prices and shrinking passenger numbers.
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PARIS Jan 1, 2010 Pension reform and cuts in state spending will be two
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of the main tasks facing the French government in 2010, President Nicolas Sarkozy said on Thursday.
