A member of India’s famous Gandhi dynasty could challenge Modi in upcoming election

A scion of India’s prominent first family has entered politics and is being touted as a threat to Prime Minister Narendra Modi’s coalition government in the country’s upcoming general election. Priyanka Gandhi Vadra, the younger sister of Rahul Gandhi who leads the opposition Congress party, was named general secretary of the faction last month. Both Priyanka and Rahul come from a storied family that has framed Indian politics since the nation’s independence in 1947. Their grandmother Indira Gan


A scion of India’s prominent first family has entered politics and is being touted as a threat to Prime Minister Narendra Modi’s coalition government in the country’s upcoming general election. Priyanka Gandhi Vadra, the younger sister of Rahul Gandhi who leads the opposition Congress party, was named general secretary of the faction last month. Both Priyanka and Rahul come from a storied family that has framed Indian politics since the nation’s independence in 1947. Their grandmother Indira Gan
A member of India’s famous Gandhi dynasty could challenge Modi in upcoming election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: nyshka chandran, str afp getty images, -lindsay hughes, future directions international
Keywords: news, cnbc, companies, gandhi, dynasty, indias, famous, partys, priyanka, rahul, general, prime, congress, rajiv, election, politics, party, challenge, modi, upcoming, member


A member of India's famous Gandhi dynasty could challenge Modi in upcoming election

A scion of India’s prominent first family has entered politics and is being touted as a threat to Prime Minister Narendra Modi’s coalition government in the country’s upcoming general election.

Priyanka Gandhi Vadra, the younger sister of Rahul Gandhi who leads the opposition Congress party, was named general secretary of the faction last month. It was seen as a strategic move aimed at bolstering Congress’ support ahead of a national vote due by May. The 47-year-old, who is widely referred to by her first name, is considered the more savvy Gandhi sibling due to her charm and oratorical prowess.

Both Priyanka and Rahul come from a storied family that has framed Indian politics since the nation’s independence in 1947. Their grandmother Indira Gandhi, daughter of the country’s first prime minister Jawaharlal Nehru, and their father Rajiv Gandhi, were both massively popular prime ministers before they were assassinated.

The Gandhis have led Congress for decades. Following the death of Rajiv, his wife Sonia, who is of Italian descent, took over the party’s presidency and passed the reins over to her son Rahul in 2017. Priyanka has previously participated in Congress campaigns but never held an official post in the party until now.

Under Rahul’s leadership, Congress’ performance has been dwindling and the party suffered major losses in the 2014 general election. But after winning three state polls in December, the party’s morale is on the rise. It now stands a real chance of revitalization with the addition of Priyanka, experts say.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: nyshka chandran, str afp getty images, -lindsay hughes, future directions international
Keywords: news, cnbc, companies, gandhi, dynasty, indias, famous, partys, priyanka, rahul, general, prime, congress, rajiv, election, politics, party, challenge, modi, upcoming, member


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Fears abound that another India-Pakistan crisis could erupt after Kashmir attack

A deadly attack on Indian-controlled Kashmir by Pakistani terrorists could prompt New Delhi to respond with punitive action that could set off a full-blown crisis between the historical enemies. More than 40 Indian security officers died on Thursday following a suicide attack in Pulwama, a district south of Srinagar under Indian control. Pakistan-based militant group Jaish-e-Mohammad, which is listed as a terrorist organization by the United States, has claimed responsibility for the incident. I


A deadly attack on Indian-controlled Kashmir by Pakistani terrorists could prompt New Delhi to respond with punitive action that could set off a full-blown crisis between the historical enemies. More than 40 Indian security officers died on Thursday following a suicide attack in Pulwama, a district south of Srinagar under Indian control. Pakistan-based militant group Jaish-e-Mohammad, which is listed as a terrorist organization by the United States, has claimed responsibility for the incident. I
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Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: nyshka chandran, waseem andrabi hindustan times via getty images, -moeed yusuf, us institute of peace
Keywords: news, cnbc, companies, kashmir, indiapakistan, terrorists, fears, indian, group, attack, pakistan, jaishemohammad, strongly, crisis, south, erupt, abound, respond


Fears abound that another India-Pakistan crisis could erupt after Kashmir attack

A deadly attack on Indian-controlled Kashmir by Pakistani terrorists could prompt New Delhi to respond with punitive action that could set off a full-blown crisis between the historical enemies.

More than 40 Indian security officers died on Thursday following a suicide attack in Pulwama, a district south of Srinagar under Indian control. Pakistan-based militant group Jaish-e-Mohammad, which is listed as a terrorist organization by the United States, has claimed responsibility for the incident.

India’s Prime Minister Narendra Modi has vowed to respond strongly to the brutality. “A befitting reply will be given to the perpetrators of the heinous attack and their patrons,” the popular politician said on Twitter Friday. “No force will succeed in disturbing peace, progress and stability of India.”

The incident drew a barrage of international criticism toward Islamabad for failing to sufficiently crack down on domestic terrorists and terror financing — a longstanding issue that’s landed the South Asian nation on global financial blacklists. Jaish-e-Mohammad is banned in Pakistan but the group is still believed to operate in the country.

In a two-line statement, Pakistan’s Ministry of Foreign Affairs said the country has “always condemned heightened acts of violence” in Kashmir and that it will “strongly reject any insinuation by elements in the Indian government and media circles that seek to link the attack to the State of Pakistan without investigations.”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: nyshka chandran, waseem andrabi hindustan times via getty images, -moeed yusuf, us institute of peace
Keywords: news, cnbc, companies, kashmir, indiapakistan, terrorists, fears, indian, group, attack, pakistan, jaishemohammad, strongly, crisis, south, erupt, abound, respond


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North Korea may choose to follow Vietnam’s economic model as it looks to open up

As North Korea signals a willingness to open up its highly centralized, socialist economy, Vietnam’s model of development is being widely suggested as a blueprint for Pyongyang to emulate. Hanoi’s ability to retain one-party rule, strict censorship, minimal dissent and a top-down system of control after integrating into the global economy is an attractive prospect for North Korea, according to analysts. To gauge lessons for its own future, North Korea has long studied communist governments such


As North Korea signals a willingness to open up its highly centralized, socialist economy, Vietnam’s model of development is being widely suggested as a blueprint for Pyongyang to emulate. Hanoi’s ability to retain one-party rule, strict censorship, minimal dissent and a top-down system of control after integrating into the global economy is an attractive prospect for North Korea, according to analysts. To gauge lessons for its own future, North Korea has long studied communist governments such
North Korea may choose to follow Vietnam’s economic model as it looks to open up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: nyshka chandran, kcna, -bradley babson, korea economic institute of america
Keywords: news, cnbc, companies, economic, kim, korea, vietnams, follow, open, economy, korean, choose, minister, hanoi, foreign, pyongyang, model, north, looks


North Korea may choose to follow Vietnam's economic model as it looks to open up

As North Korea signals a willingness to open up its highly centralized, socialist economy, Vietnam’s model of development is being widely suggested as a blueprint for Pyongyang to emulate.

Hanoi’s ability to retain one-party rule, strict censorship, minimal dissent and a top-down system of control after integrating into the global economy is an attractive prospect for North Korea, according to analysts. If Pyongyang were to ever transition into a market economy, it will likely continue to prioritize regime stability — loosening restrictions on areas such as currency and migration could be politically destabilizing for Kim Jong Un’s rule.

To gauge lessons for its own future, North Korea has long studied communist governments such as China and Vietnam, countries with state-managed growth that have integrated into the world economy. As Hanoi prepares to host the second U.S.-North Korea summit in late February, experts believe Kim may be more inclined toward Vietnamese-style liberalization.

Vietnam’s Foreign Minister Pham Binh Minh traveled to Pyongyang on Tuesday following North Korean Foreign Minister Ri Yong Ho’s visit to Hanoi last year. That trip was reportedly aimed at studying Vietnam’s reforms, according to Yonhap News Agency. Such visits hark back to earlier years such as 2012, when a North Korean delegation visited the Vietnamese province of Thai Binh to examine rural development.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: nyshka chandran, kcna, -bradley babson, korea economic institute of america
Keywords: news, cnbc, companies, economic, kim, korea, vietnams, follow, open, economy, korean, choose, minister, hanoi, foreign, pyongyang, model, north, looks


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The latest in Thailand’s political drama: Ruling government dismisses #ThaiCoup rumors

Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics. There’s also a risk of Princess


Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics. There’s also a risk of Princess
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Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: nyshka chandran, brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, leading, party, political, marshall, electoral, ruling, rumors, military, told, constitution, latest, drama, thaicoup, thailands, dismisses, coup, thai


The latest in Thailand's political drama: Ruling government dismisses #ThaiCoup rumors

On Monday, the ruling government called the coup rumor “fake news” in the wake of the term #ThaiCoup trending on Twitter in the country, according to news wires Deutsche Presse-Agentur and Agence France-Presse. Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said.

It’s not entirely clear why the military would have needed to forcibly take control. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. And, in its five years of rule, the military leadership has delayed elections several times. The March 24 vote is seen as a test of the country’s ability to return to democracy.

One reason for the coup rumors could be infighting between factions of the armed forces, Chambers suggested: “There has been a growing divide in the military over the junta government.”

Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics.

The king, who traditionally commands the allegiance of the military, “may feel that recent events have thrown the election process into chaos, and he does not want political disarray to overshadow his coronation in early May,” Marshall said on Twitter.

There’s also a risk of Princess Ubolratana’s Thai Raksa Party getting kicked out of the electoral race, which could raise tensions. On Sunday, Srisuwan Janya, secretary-general of Thailand’s Association for the Protection of the Constitution, told Reuters that he would file a petition to disqualify the group.

“The royal announcement made it clear that the party violated electoral law,” the activist told the news agency, referring to the king’s Friday statement, which said her action amounted to a violation of the constitution.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: nyshka chandran, brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, leading, party, political, marshall, electoral, ruling, rumors, military, told, constitution, latest, drama, thaicoup, thailands, dismisses, coup, thai


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A princess makes a surprising run to become Thailand’s next prime minister

In a historic first for Thailand, a senior member of the royal family is running in a general election — a move that some suspect could increase the monarchy’s overall power in the country. The party is closely linked to former Prime Minister Thaksin Shinawatra, who is widely believed to have played a role in Ubolratana’s candidacy. Her decision to run could change the entire outlook for the long-delayed election, which will be the country’s first after nearly five years of military rule. Furthe


In a historic first for Thailand, a senior member of the royal family is running in a general election — a move that some suspect could increase the monarchy’s overall power in the country. The party is closely linked to former Prime Minister Thaksin Shinawatra, who is widely believed to have played a role in Ubolratana’s candidacy. Her decision to run could change the entire outlook for the long-delayed election, which will be the country’s first after nearly five years of military rule. Furthe
A princess makes a surprising run to become Thailand’s next prime minister Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: nyshka chandran, lawrence k ho los angeles times getty images, yasuhiro sugimoto afp getty images, -benjamin zawacki, independent bangkok-based analyst
Keywords: news, cnbc, companies, party, surprising, king, minister, nearly, thai, prime, run, makes, election, royal, power, princess, thailands


A princess makes a surprising run to become Thailand's next prime minister

In a historic first for Thailand, a senior member of the royal family is running in a general election — a move that some suspect could increase the monarchy’s overall power in the country.

News emerged early on Friday that Princess Ubolratana Rajakanya, the elder sister of King Maha Vajiralongkorn and the oldest child of the late King Bhumibol Adulyadej, will be the prime ministerial candidate for the Thai Raksa Chart Party in the upcoming March 24 election. The party is closely linked to former Prime Minister Thaksin Shinawatra, who is widely believed to have played a role in Ubolratana’s candidacy.

Her decision to run could change the entire outlook for the long-delayed election, which will be the country’s first after nearly five years of military rule. Given how revered the monarchy is in Thai culture — nearly every establishment and household has portraits of the king — it will be hard for other candidates to run against the princess and equally tough for voters to consider other choices, analysts told CNBC.

Further complicating the picture is the fact that Thailand’s current prime minister, Prayut Chan-o-cha, a now-retired army chief who took power in the military’s 2014 coup, also threw his hat into the ring Friday under the pro-military faction Palang Pracharat. The development could potentially result in a showdown between the royal family and the military.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: nyshka chandran, lawrence k ho los angeles times getty images, yasuhiro sugimoto afp getty images, -benjamin zawacki, independent bangkok-based analyst
Keywords: news, cnbc, companies, party, surprising, king, minister, nearly, thai, prime, run, makes, election, royal, power, princess, thailands


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Second US-North Korea summit: What to expect

U.S. President Donald Trump is going to have to offer North Korea’s Kim Jong Un more concessions at their upcoming summit if he wants the reclusive state to make any real progress on denuclearization, political strategists say. The two leaders are due to meet in Vietnam at the end of February in what will be their second meeting in under a year. While Trump takes credit for averting war with Pyongyang, the country has yet to take concrete steps toward eliminating its weapons arsenal. In fact, nu


U.S. President Donald Trump is going to have to offer North Korea’s Kim Jong Un more concessions at their upcoming summit if he wants the reclusive state to make any real progress on denuclearization, political strategists say. The two leaders are due to meet in Vietnam at the end of February in what will be their second meeting in under a year. While Trump takes credit for averting war with Pyongyang, the country has yet to take concrete steps toward eliminating its weapons arsenal. In fact, nu
Second US-North Korea summit: What to expect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: nyshka chandran, kcna
Keywords: news, cnbc, companies, north, program, weapons, sites, offer, pyongyang, second, expect, trump, summit, korea, wants, nuclear, usnorth, missile


Second US-North Korea summit: What to expect

U.S. President Donald Trump is going to have to offer North Korea’s Kim Jong Un more concessions at their upcoming summit if he wants the reclusive state to make any real progress on denuclearization, political strategists say.

The two leaders are due to meet in Vietnam at the end of February in what will be their second meeting in under a year. Since their first face-to-face sit-down last June in Singapore, fears of a full-blown crisis on the Korean Peninsula have eased as Pyongyang makes goodwill gestures such as closing its Tongchang-ri and Punggye-ri missile sites — areas that aren’t critical to the current nuclear program — as well as returning U.S. hostages.

While Trump takes credit for averting war with Pyongyang, the country has yet to take concrete steps toward eliminating its weapons arsenal. In fact, numerous reports indicate that Kim’s administration continues to advance its nuclear and ballistic missile program through ongoing production of rockets, warheads and fissile material.

Washington wants the North to provide full details of its weapons and missile program, including the size and locations of storage sites, as well as international access, Stephen Biegun, the U.S. Special Representative for North Korea, said in a speech last week. Kim, however, has made clear that he will only negotiate on a phased framework that requires Washington to offer concessions in sequence with and in proportion to whatever Pyongyang does.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: nyshka chandran, kcna
Keywords: news, cnbc, companies, north, program, weapons, sites, offer, pyongyang, second, expect, trump, summit, korea, wants, nuclear, usnorth, missile


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Trump denies in NYT interview that he talked to Roger Stone about WikiLeaks

U.S. President Donald Trump said he never spoke to his longtime advisor Roger Stone about WikiLeaks and stolen Democratic emails posted by the site, the New York Times reported on Thursday. Stone was arrested last week on multiple charges that included lying to Congress about his communications with Trump campaign officials regarding hacked emails that were published on WikiLeaks during the 2016 presidential election. The arrest was a major development in special counsel Robert Mueller’s ongoing


U.S. President Donald Trump said he never spoke to his longtime advisor Roger Stone about WikiLeaks and stolen Democratic emails posted by the site, the New York Times reported on Thursday. Stone was arrested last week on multiple charges that included lying to Congress about his communications with Trump campaign officials regarding hacked emails that were published on WikiLeaks during the 2016 presidential election. The arrest was a major development in special counsel Robert Mueller’s ongoing
Trump denies in NYT interview that he talked to Roger Stone about WikiLeaks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: nyshka chandran, jim young
Keywords: news, cnbc, companies, stone, charges, denies, times, wikileaks, york, emails, talked, week, spoke, trump, roger, nyt, interview, president


Trump denies in NYT interview that he talked to Roger Stone about WikiLeaks

U.S. President Donald Trump said he never spoke to his longtime advisor Roger Stone about WikiLeaks and stolen Democratic emails posted by the site, the New York Times reported on Thursday.

Stone was arrested last week on multiple charges that included lying to Congress about his communications with Trump campaign officials regarding hacked emails that were published on WikiLeaks during the 2016 presidential election. Stone has pleaded not guilty to those charges. The arrest was a major development in special counsel Robert Mueller’s ongoing investigation of Russian meddling in that election.

When asked by the Times if he ever spoke to Stone about WikiLeaks, the president answered: “No, I didn’t. I never did.” He also denied directing anyone to talk to Stone about WikiLeaks.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: nyshka chandran, jim young
Keywords: news, cnbc, companies, stone, charges, denies, times, wikileaks, york, emails, talked, week, spoke, trump, roger, nyt, interview, president


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As Huawei faces trouble in the West, it could find solace in India

As Huawei comes under pressure in the West over allegations of technology theft and espionage, it may be able to find solace in developing countries where its pricing appeal could trump security concerns. India is the world’s largest smartphone market after China, and remains open to the prospect of using Huawei technology to build ultra-high wireless mobile networks known as 5G. In December, Prime Minister Narendra Modi’s government invited the Chinese tech giant to participate in 5G field tria


As Huawei comes under pressure in the West over allegations of technology theft and espionage, it may be able to find solace in developing countries where its pricing appeal could trump security concerns. India is the world’s largest smartphone market after China, and remains open to the prospect of using Huawei technology to build ultra-high wireless mobile networks known as 5G. In December, Prime Minister Narendra Modi’s government invited the Chinese tech giant to participate in 5G field tria
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Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: nyshka chandran, sean gallup, getty images
Keywords: news, cnbc, companies, solace, telecoms, west, trouble, foreign, palit, huawei, 5g, networks, technology, faces, united, india, equipment


As Huawei faces trouble in the West, it could find solace in India

As Huawei comes under pressure in the West over allegations of technology theft and espionage, it may be able to find solace in developing countries where its pricing appeal could trump security concerns.

India is the world’s largest smartphone market after China, and remains open to the prospect of using Huawei technology to build ultra-high wireless mobile networks known as 5G. In December, Prime Minister Narendra Modi’s government invited the Chinese tech giant to participate in 5G field trials alongside other foreign telecoms companies such as Nokia, Samsung and Ericsson.

The move was significant since the United States, the United Kingdom, Canada, Australia, New Zealand and Japan had blocked Huawei from their respective 5G networks at the time.

The Shenzhen-based firm may be mired in international controversy over charges that its equipment facilitates surveillance, but it still has a chance of selling 5G equipment in developing countries such as India that are price-sensitive, experts say.

Huawei’s 5G equipment strategically benefits India by increasing the range of options for domestic cellular operators, according to Amitendu Palit, a senior fellow specializing in trade and economic policy at the National University of Singapore. Indian telecoms will welcome Huawei’s competitive prices, which should be cheaper than the other foreign players, Palit told CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: nyshka chandran, sean gallup, getty images
Keywords: news, cnbc, companies, solace, telecoms, west, trouble, foreign, palit, huawei, 5g, networks, technology, faces, united, india, equipment


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A bankruptcy in the Philippines sparks concerns of Chinese firms taking over a former US naval base

In the Philippines, a major corporate bankruptcy has sparked national security concerns about whether a port near the disputed South China Sea could fall under Beijing’s control. Philippine officials are currently exploring ways to take over a shipyard located at a former U.S. naval base known as Subic Bay to prevent Chinese companies from buying the site. Officials, including the defense secretary, have expressed concerns of a Chinese presence in the area, even if it’s a commercial one. Hanjin


In the Philippines, a major corporate bankruptcy has sparked national security concerns about whether a port near the disputed South China Sea could fall under Beijing’s control. Philippine officials are currently exploring ways to take over a shipyard located at a former U.S. naval base known as Subic Bay to prevent Chinese companies from buying the site. Officials, including the defense secretary, have expressed concerns of a Chinese presence in the area, even if it’s a commercial one. Hanjin
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Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: nyshka chandran, ted aljibe afp getty images
Keywords: news, cnbc, companies, shipyard, sparks, firms, bankruptcy, chinese, south, naval, sea, loans, korean, taking, industries, help, subic, base, philippines, million, concerns


A bankruptcy in the Philippines sparks concerns of Chinese firms taking over a former US naval base

In the Philippines, a major corporate bankruptcy has sparked national security concerns about whether a port near the disputed South China Sea could fall under Beijing’s control.

Philippine officials are currently exploring ways to take over a shipyard located at a former U.S. naval base known as Subic Bay to prevent Chinese companies from buying the site.

Officials, including the defense secretary, have expressed concerns of a Chinese presence in the area, even if it’s a commercial one. Those worries come against the backdrop of China’s growing aggression in the South China Sea and Beijing previously seizing neighboring islands in the area that are claimed by Manila.

Hanjin Heavy Industries and Construction Philippines has been operating an industrial shipyard in Subic Bay for years. But the company, a shipbuilding unit of South Korean firm Hanjin Heavy Industries and Construction, declared bankruptcy in January after defaulting on loans of over $400 million from Philippine banks. It is believed to be one of the largest corporate defaults in Philippine history and puts thousands of local jobs at risk.

Hanjin Philippines has asked the Manila government to help find investors willing to take over its shipyard operations and help its staff, according to the official Philippine News Agency. The company also has outstanding loans of $900 million from South Korean banks.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: nyshka chandran, ted aljibe afp getty images
Keywords: news, cnbc, companies, shipyard, sparks, firms, bankruptcy, chinese, south, naval, sea, loans, korean, taking, industries, help, subic, base, philippines, million, concerns


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Japan, not China, may be winning Asia’s infrastructure investment contest

Before China began courting Southeast Asia with infrastructure investments through its Belt and Road Initiative, Japan was the region’s top development financier. As the two powerhouses now compete for economic and commercial influence, some are saying that Beijing may be winning the battle but losing the war. That is, Tokyo may be unable to match the sheer volume of Beijing’s investments, but it ranks ahead in terms of reputation and local impact, according to experts. Japanese ventures within


Before China began courting Southeast Asia with infrastructure investments through its Belt and Road Initiative, Japan was the region’s top development financier. As the two powerhouses now compete for economic and commercial influence, some are saying that Beijing may be winning the battle but losing the war. That is, Tokyo may be unable to match the sheer volume of Beijing’s investments, but it ranks ahead in terms of reputation and local impact, according to experts. Japanese ventures within
Japan, not China, may be winning Asia’s infrastructure investment contest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: nyshka chandran, bay ismoyo, afp, getty images, -the foreign policy research institute
Keywords: news, cnbc, companies, infrastructure, winning, japan, began, asia, ventures, investment, asias, investments, unable, china, volume, contest, tokyo, warthat


Japan, not China, may be winning Asia's infrastructure investment contest

Before China began courting Southeast Asia with infrastructure investments through its Belt and Road Initiative, Japan was the region’s top development financier. As the two powerhouses now compete for economic and commercial influence, some are saying that Beijing may be winning the battle but losing the war.

That is, Tokyo may be unable to match the sheer volume of Beijing’s investments, but it ranks ahead in terms of reputation and local impact, according to experts.

Japanese ventures within emerging Asia, which first began in the late 1970s through multinational companies before the government spearheaded its infrastructure connectivity blueprint in the 1990s, are seen as the poster child for what the G-7 and OECD call “quality infrastructure.” Such projects boast high safety, environmental, reliability and inclusion standards in addition to improving overall logistics in a developing area.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: nyshka chandran, bay ismoyo, afp, getty images, -the foreign policy research institute
Keywords: news, cnbc, companies, infrastructure, winning, japan, began, asia, ventures, investment, asias, investments, unable, china, volume, contest, tokyo, warthat


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