Pakistan’s vulnerability to a balance of payments crisis will be increased around election time, said official sources.
Reposted from The News International
By Mehtab Haider
ISLAMABAD: With a $1.1 billion payment due to the International Monetary Fund (IMF) in February 2013, Pakistan’s vulnerability to a balance of payments crisis will be increased around election time, said official sources. More…
Troops and police are accused of using unnecessary force
Reposted from BBC
The trial of former Maldives President Mohamed Nasheed, who faces charges of abuse of power, has been postponed in the capital, Male, after Mr Nasheed failed to attend.
Mr Nasheed, who resigned in February in what he said was a coup, is accused of illegally arresting a judge.
The former human rights activist denies the charges against him and says the trial is politically motivated.
A conviction could disqualify him from contesting future presidential polls. More…
Reposted from Copperinvestingnews.com
By Shihoko Goto
Mongolia’s latest general election was a victory for democracy, but what it will mean for foreign companies heavily invested in the country is still up in the air. With strong public support for resource nationalism, there is growing concern from major mining groups with developing projects that they will not see the returns they are expecting. Yet it is clear that given Mongolia’s copper wealth, junior miners cannot afford to stay away. More…
Reposted from Voice of America
KBZ bank ATM in Yangon, Myanmar
The election success of Burma’s opposition has led to the easing of some sanctions imposed by the United States and pressure from neighboring countries to drop them entirely. Although there is a surge in interest in Burma’s economy from foreign investors, analysts warn there remain major economic and political challenges.
This week, the United States dropped travel bans against some senior Burmese officials and eased restrictions on some U.S. investment and financial services. More…
Reposted from Bloomberg
Aung San Suu Kyi Political Posters
The parliamentary election wins of Aung San Suu Kyi and her party weren’t necessarily the best news out of Myanmar in the past week.
That distinction could just as easily go to the government’s decision to unify and float its exchange rates — a move with the potential to immediately reduce corruption, improve economic performance and lift the lives of millions. More…