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Indonesia
Memo From Indonesia: Indonesia’s Dire Need for Engineers Is Going Unmet
Too many of those lucky enough to pursue a higher education choose professions that, however noble, can do little to help expand the economy.
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USA Myanmar
Kyat slumps amid uncertainty over claims of record low
YANGON - While economic analysts argue over whether the weakening kyat is a preventable blight on the economy or a natural by-product of global macroeconomic conditions, a second question has arisen – how to tell if the currency is actually at record lows against the US dollar.
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Thailandia
Sightseeing tower will be country's tallest structure
The Finance Ministry plans to build a 459 metre sightseeing tower on state land by the Chao Phraya River in Bangkok at an estimated cost of 4 billion baht.
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Cina Filippine
Philippines taps China-backed AIIB to fix infrastructure
MANILA - Philippine President Rodrigo Duterte has tapped a China-backed multilateral lender to help fund his government's "unprecedented infrastructure buildup", the finance minister said Monday, as he seeks closer relations with Beijing.
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Thailandia
Shut gold mine shows investors risks of Thai junta rule
When Thailand’s junta leader-turned-prime minister used his absolute power to suspend gold mining, causing an Australian miner’s shares to plummet 19% in a single day, he complicated efforts to attract foreign investors already spooked by military rule.
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Giappone
Regulator approves JX-TonenGeneral and Idemitsu-Showa Shell mergers
The Fair Trade Commission has approved the merger of Japan’s largest oil refiner, JX Holdings Inc., and third-ranked TonenGeneral Sekiyu K.K. The commission also allowed Idemitsu Kosan Co., the second-biggest oil refiner, to buy shares in fifth-ranked Showa Shell from Royal Dutch Shell PLC. The two companies are seeking a ...
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Giappone
Canon completes acquisition of Toshiba medical unit
Canon Inc. has completed its acquisition of a Toshiba Corp. medical unit that the embattled parent company put on sale earlier this year in a bid to emerge from a window-dressing scandal. The printer, photocopier and camera manufacturer announced the purchase Monday of Toshiba Medical Systems Corp. for ¥665.5 billion ...
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Giappone
NEC aims to develop cancer drugs using artificial intelligence
NEC Corp. said it will develop cancer drugs using artificial intelligence, aiming to put new vaccines using peptides into practical use within the next eight years as key substances in next generation immunotherapy. A peptide is a short chain of amino acids with an enormous number of variations and helps ...
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Giappone
Japan logged ¥152.51 billion trade surplus in November
Japan posted a goods trade surplus of ¥152.51 billion ($1.30 billion) in November after imports fell more than exports on cheaper crude oil prices and the yen’s strength, the government said in a preliminary report Monday. A breakdown of the third consecutive monthly surplus shows that the value of exports ...
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Cina Giappone
Ramen park opens in Shanghai with seven Japanese eateries
A theme park featuring seven popular Japanese ramen restaurants opened at Joy City shopping mall in Shanghai on Monday. The restaurants, selected from such regions as Hokkaido and Fukuoka prefectures, will offer local ramen to Shanghai residents. According to mobile game operator Klab Inc., which runs the park, the permanent ...