China divestmentPart 1 US President’s trade pressures, added to existing business barriers, make China less attractive for Japanese investment By William Pesek Tokyo, October 15, 2018 6:46 PM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Japan’s Mizuho Securities just launched an investment fund with India’s Tata group. Mitsubishi Corp is betting big on Chennai real estate. SoftBank Group is leading a $1 billion binge on hotels around the second-most populous nation. And the Japan International Cooperation Agency is betting big on bullet trains in Asia’s No. 3 economy. The dailyReport Must-reads from across Asia - directly to your inbox Prime Minister Shinzo Abe, meantime, is stepping up the charm offensive with Indian counterpart Narendra Modi. Signs are, too, that Abe’s recent election win raised the odds Tokyo’s pivot away from China to India won’t just continue – but deepen. Make that Southeast Asia, … [Read more...] about Trump, perennial problems, nudge Japan away from China
Malaysia to china need visa
“Thailand has under-invested in facilities when considering the country’s aggressive growth in tourists,” he said in an interview on the sidelines of the Asean-Korea Tourism Investment Seminar 2018 in Seoul last weekend. “If we continue to delay investment to develop the country’s infrastructure – such as investment for the third phase of Suvarnabhumi Airport, Laem Chabang Port phase three, high-speed trains, etc – the country will not have the capacity to serve the expanded number of tourists visiting the country,” he said. To speed up infrastructure development, the country must open up investment in projects to the private sector under public-private partnerships, and also make it easier for foreign investors to expand their investments in infrastructure or tourist businesses by offering them incentives, Pongpanu said. Thailand also needed to relax some of its rules that limit the opportunity for foreign investment in the … [Read more...] about ‘Major infrastructure boost needed’ to cope with burgeoning tourism
Mahathir has been a fierce critic of a US$100 billion project in Johor called Forest City, a special economic zone about the size of Hong Kong. Reuters At Patricia Li’s flat in the southern Malaysian state of Johor, there is just one topic of conversation. Li and her fellow middle-class Chinese friends have bought Malaysian properties over the past few years and each is wondering how the surprise election of an opposition coalition led by Mahathir Mohamad will affect their investment. Mahathir has been a fierce critic of a US$100 billion project in Johor called Forest City, a special economic zone about the size of Hong Kong. Now Li and her friends are nervous about what the change of government and Mahathir’s second stint as prime minister will mean for them. “In the past couple of days, we’ve got together all the time and talked about it. Out two biggest worries are … our investment and safety,” Li said. Li is from Yunnan province in southwestern … [Read more...] about Should Mahathir Mohamad’s Malaysia election win worry Chinese investors in Johor’s Forest City?
Under the new policy, group and individual tourists from 59 countries, including Russia, Britain, France, Germany, and the USA, can visit Hainan visa-free and stay there for up to 30 days when booking a tour through a travel agency. The seaside city has offered a 15-day visa-free stay for tourist groups from 21 countries since 2000, and added another five countries to the list in 2010. “The government aims to attract more international tourists, nurture the tourism industry and meet the needs of foreign individuals,” said the administration’s vice head Qu Yunhai. The eased visa-free access to Hainan is part of China’s effort to build the province into a free trade port with Chinese characteristics. The island has become a famous tropical resort for overseas tourists in recent years, with the number of overseas tourists exceeding 1.1 million in 2017, up nearly 50 per cent over the previous year. Last year, Hainan drew nearly 320,000 tourists from the 26 … [Read more...] about Hainan goes visa-free
SAMARKAND, Uzbekistan: Coiffed, cheerful and multilingual, identical twins Fatima and Zukhra Rakhmatova do not immediately resemble agents of ex-Soviet Uzbekistan's long-feared security apparatus. But the photogenic 30-year-old pair are frontline members of a newly-formed, user-friendly Tourist Police deployed in the famed Silk Road city of Samarkand and other hotspots as a visitor boom sweeps the Central Asian country. The force, established in January, is viewed as part of a broader opening initiated by Uzbekistan's authoritarian government following a long period of self-enforced isolation. More than 2.5 million tourists visited Uzbekistan last year, a 24% increase on the previous year, according to the UzDaily news site. "In the past I worked as a teacher and then as a wedding stylist. I even won a national prize as a stylist," recalls Zukhra Rakhmatova, one half of a sister act proficient in English, Russian, Farsi, Turkish and Japanese. "But our grandfather served in the force … [Read more...] about Tourism boom to test Uzbekistan’s thaw