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Showing posts from February 21, 2020

Thailand nixed China’s Mekong River blasting project. Will others push back?

Diplomacy Plan to  and dredge parts of the riverbed so that it could be used by cargo ships had been around for 20 years Decision may signal a shift in how downstream countries deal with Beijing’s ambitions, but coordinated efforts are needed, observers say Topic | Thailand Laura Zhou Published:  1:00pm, 22 Feb, 2020 Updated:  1:50pm, 22 Feb, 2020 China has had a setback in its infrastructure building along the Mekong River after Thailand cancelled a project on the vital Southeast Asian waterway. But observers say that without more coordination between downstream countries, China’s influence in the region will continue to go unchallenged.   In a win for locals and activists concerned about the ecosystem and their livelihoods, Thailand’s cabinet called off the Lancang-Mekong Navigation Channel Improvement Project – also known as the Mekong “rapids blasting” project – along its border with Laos.   Proposed back in 2000, the project aimed to blast and dredge parts of

Greece: Nine groups interested in DEPA Infrastructure

TAGS: Privatizations ,  Energy Nine groups submitted a letter of interest in the full ownership of DEPA Infrastructure, a new company to be created by the partial division of the Greek public natural gas company's (DEPA) infrastructure section, by the deadline on Friday. Currently, DEPA is owned by state sell-off fund TAIPED (65 pct) and Hellenic Petroleum (35 pct). Following the partial division, the two shareholders will own the corresponding stakes in DEPA Infrastrucutre, and act as its joint sellers. In the phase that concluded on Friday, Greek officials said the following companies expressed interest, in alphabetical order: - Antin Infrastructure Partners SAS (private capital investments focused on infrastructure investments) - China Resources Gas (Hong Kong) Investment Limited (the top natural gas group of companies in China, focused on gas distribution) - EP Investment Advisors (energy group in Central Europe, producer, transporter and distributor of natur

Ag outlook panelists cast closer look at changes in China Photo: Adobe stock 02.21.2020 ARLINGTON, VIRGINIA, U.S. — A panel at the annual Agricultural Outlook Forum drew on analysts’ expertise of three analysts to provide an understanding of the economic impact of the trade conflict with China, that country’s quest to diversify its trade partners and the evolution of its feed sector. The Feb. 20 talk gathered experts from the U.S. Department of Agriculture, academia and the U.S. Embassy in Beijing to explain China’s background, stance and vision to several hundred attendees at the USDA’s 96th annual convention at Crystal Gateway Marriott in Arlington. “Bread comes first,” an ancient Chinese idiom, shows the value China places on food security, said Professor Jason Grant of Virginia Tech. But that maxim faces complications as “China’s continuing urbanization, increasing household earnings and growing economies create an imbalance between agricu

Gwadar will be ‘Singapore’ of Pakistan: official

BEHRAM BALOCH GWADAR: Gwadar Development Authority director general Shahzeb Khan Kakar has said that Gwadar will be developed into a smart port city as it is the future ‘Singapore’ of Pakistan. He was presiding over a meeting of the Association of Builders and Developers (Abad) in Gwadar on Friday. He said that with an organisation of talented builders and developers like Abad, there was no reason why the country would not develop. “All the facilities would be provided to the investors in Gwadar,” he said. “The city should have already been developed like Singapore 10 years ago, but there were some mistakes that have been corrected. The biggest problem of Gwadar was shortage of water which has been solved as water supply lines from dams are being laid,” he added. Published in Dawn, February 22nd, 2020

Pakistan to accelerate implementation of CPEC projects

By  app   Feb.22,2020 Asad Umar terms setting up of SEZs govt's top priority ISLAMABAD:  Minister for Planning, Development and Special Initiatives Asad Umar on Friday said the pace of implementation of projects under the China-Pakistan Economic Corridor (CPEC) would be accelerated further in the days to come. In a meeting with Chinese Ambassador Yao Jing, matters relating to CPEC, business-to-business collaboration between the two countries and social sector development in Pakistan came under discussion. The minister expressed satisfaction over the overall delivery of CPEC projects and said that the establishment and operationalisation of Special Economic Zones (SEZs) in all the provinces was a top priority and progress in that regard was being closely monitored. SEZs, he said, would act as a catalyst to increase the growth of manufacturing in the country. Special economic zones to be built in second phase of CPEC The Chinese ambassador expressed keen interest in putting special a

Balochistan Mineral Policy Introduced For Better Investment: Jam Kamal

  Umer Jamshaid    9 hours ago    Fri 21st February 2020 | 11:10 PM QUETTA, (UrduPoint / Pakistan Point News - 21st Feb, 2020 ) :Special Assistant to  Prime Minister  on Coordination of Marketing & Development of Mineral Resources Shehzad Syed Qasim called on  Chief Minister   Balochistan  Mir Jam Kamal Khan Alyani at Chief Secretariat here on Friday. During a meeting they exchanged views regarding mineral and resources development of  Balochistan , said a press release. The  Chief Minister  said provincial  government  had introduced  Balochistan  Mineral Policy in context with the 18th constitutional amendment utilizing its power to seek mineral resources development in the interest of the province, saying a comprehensive policy had also been formulated for better investment in this sector. "We wanted to develop our mineral resources and utilize them for welfare of people and prosperity of  Balochistan ", he said adding a huge funds has been allocated for Mineral Sector

Hafeez Shaikh reviews energy sector issues of Balochistan

February 21, 2020 56 ISLAMABAD, Feb 21 (APP):Adviser to the Prime Minister on Finance and Revenue Dr.Abdul Hafeez Shaikh chaired a meeting on Friday to review various energy sector issues that were pending between the Federal Government and the Government of Balochistan for many years. Balochistan Government was represented by Secretary Energy Department Balochistan, and Federal Government was represented by the Minister for Energy and the Adviser to the PM on Petroleum. In the meeting various issues regarding extension of lease of gas fields of Balochistan, rights and share of Government of Balochistan in the new and old oil and gas exploration business, rationalization of gas tariff for the local population, gas allocation to power plants and the creation of training fund for Balochistan were discussed. For creating a training fund, it was decided that the matter shall be resolved within a fortnight. After discussion on other issues, the Adviser decided that the representatives from

Huawei secures most 5G contracts around world* 2020-02-22 China Daily Editor:Feng Shuang Huawei Technologies Co has secured its position as the most sought-after 5G telecom equipment supplier, despite the US government's intensified push to contain the Chinese technology giant on the geopolitical, legal and technological front lines. Among the 91 commercial 5G contracts Huawei has inked, the largest number by any telecom gear maker so far, more than half are from Europe, where Washington has spared no effort to dissuade its allies from using the company in their 5G systems. Analysts said the steadily growing contracts show that Huawei has won the trust of more foreign telecom operators with its technological prowess, and Washington's groundless security accusations have failed to convince even some of its closest allies. Ding Yun, president of Huawei's carrier business group, said at a launch event in London on Thursday that the company's 91 c

Global watchdog places Iran on terrorism financing blacklist

Reuters Updated  February 21, 2020 A global dirty money watchdog has placed Iran on its blacklist after the country failed to comply with international anti-terrorism financing norms. — Reuters/File A global dirty money watchdog on Friday placed Iran on its blacklist for "failing to comply with international anti-terrorism financing norms". The decision comes after more than three years  of warnings  from the Paris-based Financial Action Task Force (FATF) urging Tehran to enact terrorist financing conventions. However, the FATF appeared to leave the door ajar for Iran, saying “countries should also be able to apply countermeasures independently of any call by the FATF to do so”. It will mean more scrutiny of transactions with Iran, tougher external auditing of financing firms operating in the country and add pressure on the few banks and businesses still operating with Iran. ARTICLE CONTINUES AFTER AD Foreign businesses say Iran’s compliance with FATF rules is key if Tehran w