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Foreign policy experts call for end to hate crimes against Asian American community

Recent hate crimes and violent assaults against people of Asian descent should sound an alarm for America. Within the past couple of weeks alone, ac acid attack against a woman in Brooklyn caused her to suffer severe burns, and a man in Texas has been charged with attempted murder after attacking an Asian American family. Such stories have become disturbingly frequent since the start of the COVID-19 pandemic, and the FBI has warned that this trend may continue.

We, the undersigned, are alarmed by the severity of such hate crimes and race-based harassment against people of Asian descent in the United States - assaults that endanger the safety, well-being, dignity and livelihoods of all those targeted.




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The Asian financial crisis 20 years on: Lessons learnt and remaining challenges

Twenty years ago, on July 2, 1997, the Thai baht broke its peg with the U.S. dollar, signalling the start of the Asian financial crisis. This soon developed into full-blown crises in Thailand, Indonesia, and eventually the much larger Korean economy, as domestic financial institutions failed and foreign exchange sources dried up. Growth plunged from positive…

      
 
 




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The human costs of 'strategic partnerships' with South Caucasian states


I write this as I learn of the beating death of an Azerbaijani journalist Rasim Aliyev. His “crime” was to post a Facebook item about football. What follows seems insignificant compared to his murder.

Two articles have appeared in prominent Western outlets in the past month addressing developments in the South Caucasus and the need for adjustments in U.S. (and Western) policy toward the region. The first was an excellent, in-depth Brookings report titled "Retracing the Caucasian Circle—Considerations and Constraints for U.S., EU, and Turkish Engagement in the South Caucasus"; the second was a shorter essay that Bill Courtney, Denis Corboy, and I penned for Newsweek on the need to reboot policy toward Armenia, Azerbaijan, and Georgia. Both reflected the difficulty of writing about the “South Caucasus” as if the three countries had common interests and objectives. Increasingly these interests and objectives are diverging, except for a growing unhappiness with the United States and the West for not paying attention to—or doing enough to support—the region. In the case of Azerbaijan, the frustration stems from U.S. leaders paying too much attention to the appalling human rights situation in the country.

What’s making the Azerbaijanis so upset with the West?

The authors of the Brookings report point to elite cynicism over Western disinterest and policy failures in the region as sources of Azerbaijani leaders’ unhappiness. This, in their view, is causing Armenia, Georgia, and Azerbaijan—for different reasons and in different ways—to tack toward Russia.

We have a different take in our Newsweek piece. We argue that the unhappiness results from governing elites recognizing that U.S. and Western policy regarding human rights, democracy building, corruption, and conflict resolution (especially the Nagorno-Karabakh conflict) threaten regime stability. Therefore, the tacking toward Russia is a conscious choice to avoid pressure and the transparency that closer association with the United States and Europe would involve.

The new orientation of these countries requires serious adjustment in Western policies. There are four new drivers prompting change (beyond the role of Russia): the regional consequences of the Iran nuclear agreement; the growing economic crisis, which is affecting the South Caucasian states in different ways; the threat of renewed military conflict between Armenia and Azerbaijan; and the internal security implications of suppression of human rights. While each country responds to these drivers in different ways, they are the source of a new dynamic in the South Caucasus that requires a fresh Western policy approach.

Three wild cards will shape these drivers and the Western approach to them: First, how hard will Russian President Vladimir Putin push his objective of rolling back the degree of Western influence achieved since the fall of the Soviet Union? Second, how well will Iran play the nuclear agreement card, especially regarding its reentry into global energy markets? Third, how distracting will Turkey’s military response to the Islamic State and the Kurdistan Workers’ Party (PKK) be for Turkey’s interests in the South Caucasus and its objective of becoming a regional energy hub?

The shortcomings of soft regionalism

What is to be done? Faced with such a challenging situation, the default policy response is to provide more assistance (economic and military), dispatch senior officials from Western capitals to visit the region, and indulge (rather than criticize) democracy and human rights abuses, all in the name of developing a strategic partnership. In other words: Show more love.

That business-as-usual approach is inappropriate for these challenging times. In the case of Azerbaijan, it is an inappropriate response to the continued violations by the Baku regime of basic human rights and freedom of expression.

The Brookings paper suggests a multilateral approach (involving the United States, EU, and Turkey) based on soft regionalism. I do not believe that soft regionalism will work. The best we can hope for is parallel bilateral engagement on the basis of common interests (e.g. conflict prevention) and shared values (e.g. democratic evolution, observance of human rights). We need to treat the energy issue in the region as a commercial rather than geopolitical one. Changes in the global energy market have undermined the geopolitical significance of Caspian energy resources compared to two decades ago. With low energy prices likely the norm for the near future, energy no longer plays a strategic role for the region. Among other weaknesses, the soft regionalism prescription implies coordinated interests with Turkey—this will be difficult absent an opening in Turkish-Armenian relations.

Who needs who more?

The burden of choice in this relationship with the West must shift from the outside parties to the South Caucasian states themselves. The outsiders should stop talking about “strategic” partnerships, trans-Caspian pipelines and Silk Roads because this perpetuates a “you-need-us-more-than-we-need-you” starting point. Rather, the time has come for Armenia, Azerbaijan, and Georgia to decide on their own where their interests coincide with those of the West. That’s where we and they can begin to develop meaningful relationships, rather than trying to invent a veneer to cover differences—as in the case of Azerbaijan’s record on human rights.

Another recent article in Newsweek, by Theodore Gerber and Jane Zavisca, raised questions about promoting democracy and human rights where populations and elites are skeptical of U.S. motivations in promoting these issues. Fairly, the article questions the effectiveness of the traditional instruments of promoting opposition political parties and local NGOs as a way of winning “hearts and minds” in the former Soviet Union. Unfortunately, these traditional instruments tend to emphasize the attractiveness of the “American way of life” through student and scientific exchanges. This offers a variant on the soft regionalism theme advanced in the Brookings paper. Both require a receptivity to change that both elites and populations increasingly find threatening. Developing a values-based relationship is difficult when values diverge.

To the extent our interests do not coincide, then the Western policy focus must be transactional and rest exclusively on conflict prevention and/or amelioration. It also should not shy away from pressing all three South Caucasian states on their obligations to observe international standards regarding human rights, democracy, and freedom of expression.

      
 
 




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The time to ramp up protection against Asian financial contagion is now

A surge of financial crises across emerging economies has already begun. Ecuador and Zambia have been the first to default. Argentina has postponed negotiations with creditors, Turkey looks more and more vulnerable, and the International Institute of Finance warns that South Africa is next. Collapses in exchange rates are an indication of who might follow.…

       




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U.S. policy and East Asian security: Challenge and response

Evans J.R. Revere discusses the security challenges for U.S. policymakers in East Asia, especially with regards to a militarily powerful China and a nuclear North Korea.

      
 
 




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Central Asian Regional Integration and Cooperation: Reality or Mirage?


Editor’s Note: The following piece is a chapter from the 2012 edition of Eurasian Development Bank’s Eurasian Integration Yearbook.

INTRODUCTION

For centuries Central Asia was in the backwater of global political and economic attention, tales of “Great Games” and “Silk Roads” notwithstanding. However, interest in Central Asia from outside the region has been on the rise in recent years: Central Asia’s energy resources are of great importance to its neighbours in Europe and Asia. In addition, China wants a peaceful backyard, while Russia considers Central Asia part of its historical economic and regional interests and draws heavily on Central Asia migrants. Turkey is attracted by the common Turkic heritage of the region. Iran shares language and cultural ties with the Tajik people. The Central Asia’s Islamic tradition connects it with the Middle East and other Islamic countries. And now NATO countries rely on Central Asia for transit of their nonlethal military supplies in their engagement in Afghanistan.

There is wide agreement that economic prosperity and political stability in Central Asia is critical not only for the 60-plus million inhabitants of the region, but also for Central Asia’s neighbours, since Central Asia serves as a strategically important land bridge between Europe and Asia. Since the five Central Asian countries are landlocked small economies, a critical prerequisite for long-term economic growth and political stability is successful economic integration underpinned by effective regional cooperation.

This paper therefore addresses the central question of what are the prospects for regional economic integration and regional cooperation in Central Asia. It starts by briefly reviewing the role of Central Asia in the context of the overall process of Eurasian continental economic integration. It then considers what are the benefits and obstacles of regional integration and cooperation in Central Asia against the backdrop of lessons of international experience with regional integration and cooperation, and looks at four of the most important recent regional cooperation initiatives. In closing, the paper provides an answer to the question whether regional integration and cooperation in Central Asia are for real or only a mirage.

Downloads

Publication: Eurasian Development Bank
Image Source: © Staff Photographer / Reuters
     
 
 




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Super Rare Asian "Unicorn" Captured, Dies in Captivity

As far as endangered species go, it's mostly bad news, with the occasional positive story. Well this news seems to fall somewhere in the middle: in late August, a group of Laotian villagers in the Annamite Mountains captured a saola,




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Rare Asian "Unicorn" Gets New Reserve in Vietnam

The saola is an extremely rare relative of the ox that is found only in the forests of the Annamite Range of Vietnam and Laos. Discovered in 1992, scientists know very little about the elusive beast, which is known among locals as a




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South Asian Monsoon Rains Could Be Delayed, Decrease In Intensity Due to Climate Change

As if melting Himalayan glaciers weren't enough to radically (and perhaps catastrophically) reshape water supply in South Asia, a new report from researchers at Purdue University shows that summer monsoons could be




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Dhaka, Manila & Jakarta Worst Climate-Affected Asian Mega-Cities - Hits Closer to Home Than You Might Think

Want to know which cities in Asia are going to get really whacked by climate change, and which ones have the greatest ability to adapt to it? Well, WWF has just released a new report that ranks 11 of them




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Giant Asian tiger shrimp invade US waters

Well, giant shrimp the size of your forearm are now a thing we can worry about.




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U.S. Asian Carp Czar Says Poison, Genetic Engineering Among Solutions

The Obama administration loves its czars almost as much as the media loves using the title. So here goes: The U.S. Asian Carp Czar, also known as John Goss, says he has a multi-pronged strategy to help keep Asian carp from




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Illinois Spending $2M to Ship Asian Carp Back to China

If you can't beat 'em, ship 'em. The state of Illinois is spending $2 million to ship invasive Asian carp back to China, where they're considered a delicacy. In Illinois, and the Great Lakes region, they're




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Asian Carp Study Largest Since Reversal of Chicago River

This $2 million project, funded mostly with private money, is billed as the most comprehensive look at the Chicago waterway system since the reversal of the Chicago River more than 100 years ago. This




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Asian Carp Almost Migrate from U.S. to Canada, in a Big Truck

How will invasive Asian carp enter the Great Lakes? Via the Chicago Sanitary and Ship Canal, maybe another flood? They almost made it via a semi-tractor trailer crossing the Ambassador Bridge from the U.S. to Canada. The




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Sword-Swinging Ninjas On Skis Go After Asian Carp (Video)

Asian carp, meet your worst nightmare. Not poison. Not an electric barrier, or a predator from your native land. No, this is good ol' American ingenuity. With a touch of Ted Nugent, or maybe Chuck Norris. People dressed in spiked body armor with




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Ontario Reacts to Live Asian Carp Spilled in River

This was an actual test. But only a test. Like those emergency tones you hear on your TV when a storm is approaching. Officials in Ontario, Canada, think the possibility of a live Asian carp invasion via truck is real. People




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Too Far? New Plan to Separate Basins, Stop Asian Carp, Costs Billions (Video)

Great Lakes residents would be paying this off for 47 years ... but reaping the benefits for just as long.




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How can we deal with the Asian Carp invasion?

A major report just released offers expensive technological solutions. We reivew options ranging from barriers to bow-hunting.




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It's Not Just Asian Carp: U.S. Identifies 40 High-Risk Species

Concerned about Asian carp? Meet the invasive cousins, you might say, of the monster fish. The U.S. Army Corps of Engineers has released a white paper on 40 high-risk species to watch out for,





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Ondori Asian Kitchen, A Delectable Duality of Chinese and Japanese Cuisines, Now Open at The Orleans - Ondori Asian Kitchen

Special guests helped celebrate the opening of Ondori Asian Kitchen, a distinctive new dining concept at The Orleans Hotel and Casino, on March 2, 2016.




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Ondori Asian Kitchen, A Delectable Duality of Chinese and Japanese Cuisines, Now Open at The Orleans - Ondori Asian Kitchen

Special guests helped celebrate the opening of Ondori Asian Kitchen, a distinctive new dining concept at The Orleans Hotel and Casino, on March 2, 2016.





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Asian shares up on China's NPC but China stocks fall

Asian stocks were mostly higher Wednesday, boosted by overnight gains on Wall Street and unveiling of China's official 2014 GDP growth target.




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North Asian tech stocks are attractive despite coronavirus crisis: State Street

The coronavirus has been a massive blow for markets across the globe. But Daniel Gerard of State Street says tech stocks in North Asia still offer plenty of opportunities for investors.




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Franklin Asian Equity Fund - Growth Plan

Category Equity Scheme - Sectoral/ Thematic
NAV 22.0071
Repurchase Price
Sale Price
Date 08-May-2020




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Franklin Asian Equity Fund - Dividend Plan

Category Equity Scheme - Sectoral/ Thematic
NAV 12.1191
Repurchase Price
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Franklin Asian Equity Fund - Direct - Growth

Category Equity Scheme - Sectoral/ Thematic
NAV 23.0532
Repurchase Price
Sale Price
Date 08-May-2020




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Franklin Asian Equity Fund - Direct - Dividend

Category Equity Scheme - Sectoral/ Thematic
NAV 12.7911
Repurchase Price
Sale Price
Date 08-May-2020




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Blasian love: The day we introduced our black and Asian families

Blasian - black and Asian - couples now exist in South Africa... but they don't always have an easy time.




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COVID-19 impact: Asian football events to go ahead this year

Asia's top football competitions will go ahead this year despite the coronavirus pandemic, a senior official told AFP, although games may have to be played behind closed doors. Windsor John, general secretary of the Asian Football Confederation (AFC), said he was confident that the AFC Champions League and AFC Cup would both be completed. Both tournaments, featuring teams from throughout Asia, Central Asia and the Middle East, are on hold until at least the end of June after COVID-19 shuttered professional sport worldwide.

"Both will be played this year. We still have time," John told AFP, adding that new dates for the competitions may be known by the end of April. However, John did not rule out matches being played without fans "if that's what the health authorities need". The AFC is determined for both tournaments to go ahead "for sporting reasons and to fulfil commercial obligations", he said. His comments came after the AFC on Tuesday announced the indefinite postponement of all matches scheduled for May and June due to the virus.

The Champions League, the region's premier club competition, and the second-tier AFC Cup were both halted in March as the pandemic's spread forced governments to impose strict travel restrictions. Both tournaments are on an increasingly tight schedule, with the 32-team Champions League needing to complete four rounds of group-stage matches in July before the postponed knock-out phase begins in August.

The group phase of the AFC Cup will also have to be completed in a rush once matches resume. The finals for both tournaments -- which traditionally take a break in July, to avoid the worst of the Asian summer heat -- are scheduled to take place in November. Domestic leagues remain on hold around the world, including in China where the virus first emerged, but where football shows no sign of returning despite optimism the outbreak is under control.

Asia's extended shutdown, announced on Tuesday, also affects the two-legged women's Olympic qualifying play-off between China and South Korea, which had already been moved to June 1 and 9. June qualifiers for the men's 2022 World Cup and 2023 Asian Cup had been postponed before the AFC's announcement on Tuesday. Asian football was an early sporting casualty of the coronavirus pandemic, before competitions in Europe -- including Euro 2020 -- and the rest of the world were also affected.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Two Mumbai musicians talk about their craft while enjoying Asian feast

Arijit Datta hobbles into The Fatty Bao with a twisted ankle. Sidd Coutto bustles in 10 minutes later. The former's a music composer who's moved away from bands like Agni and Airport towards film and advertising, while the latter is probably the busiest musician in the city's indie circles. They first dive into starters — Crystal Dumpling, Spicy Mushroom Sushi Roll, Dancing Prawns and California Rolls — and then into conversation about their craft.

Sen: How do you switch seamlessly from making indie music to more commercial projects?
Datta: It's not a switch really. I think that for me and for Sidd also, wherever there is a mode of expression, we just go there and do our thing.
Coutto: Yeah, true. For commercial concerts, you just go up there and rock 'n' roll, dude. It's just a two-hour gig, where you're hanging with your buddies on stage and partying away.
Datta: It would be different when it comes to writing songs, which we both do, because if you have to mould yourself according to the audience, that's what you might call a switch.


Sidd Coutto (left) and Arijit Datta share a laugh at The Fatty Bao in Bandra. Pics/Pradeep Dhivar

Sen (to Datta): So when you were composing for the movie Filmistaan, did you have to keep the audience in mind?
Coutto (answering for both): See, performing is one thing and composing is another. When you're writing for films, you have to be clear that it's the director's baby. You are facilitating his vision. Yes, it's your baby at one level, but you're not both the mummy and the daddy.
Datta: The good part about Filmistaan was that the director let me interpret the film my own way. So I never had to break away from my own self, because the music came naturally to me. Plus, the movie had no market pressure as such, so I didn't really have a brief.
Coutto: ...Which by the way isn't the norm, so [singing to the tune of a Daft Punk Song] you got lucky.
Datta: Yeah, and for me, I think very cinematically. Even with my band's songs, if I just change the arrangements a bit, they can be in a film.
Coutto: Also, when most people come to you for work now, they come for what you make. It's not like the old days when it was like, 'Aisa banaa aur waisa banaa.' So you don't have to switch so much, since they want you for you.
Datta: I think there are newer minds. There are newer storytellers with a different language altogether, who go in search of newer sounds, voices and composers.

Sen: So it's not the era of Jatin-Lalit and Anand-Milind anymore?
Datta: No. But they also had their own sound. At that time, Jatin-Lalit were the kings, ya. Of course, they didn't move with the times.
Coutto: Or, the times moved away from them. But they did try. Infact, [Anand-Milind's] Qayamat Se Qayamat Tak is my favourite Hindi film album of all time.

Datta: Yeah, it's my favourite too. It was a complete album. Even the least-remembered song [sings a bar from Kaahe Sataye], even that I remember! So yeah, they did their time; they brought in their sound and gave us memorable tunes. But then our tastes started changing. MTV, Channel V and VH1 came in, and the world suddenly became bigger.

The mains, Asparagus Bacon Fried Rice and Exotic Mushroom Ramen, arrive. This is followed by moments of silence interspersed with appreciative sounds such as 'mmmm'.
Sen: What are some of your favourite places to eat at in Mumbai?
Coutto: Over the past couple of years, I've discovered that Social actually has awesome food. They have a vast variety of things, with small dishes included. Did you know that they have something on the menu called Staff Khaana? It's exactly what their staff eats and it's great, dude. But I don't end up ordering it as much because there are so many more things I like. But they have removed bheja from the menu, and I love bheja.
Datta: I can never have bheja, man.
Sen: So if you go to Bangkok you're never going to try cockroaches and locusts?
Datta: Never. I can't go in that direction. I know that people are adventurous with their food and everything. But I can't do that.
Coutto: For me, when it comes to food, I let my nose guide the way. Otherwise, I have no restrictions.
Datta: I love going to this place called National. It's a dhaba that a Sardar owns and it's been running since 1952, near Bandra Talao. It serves pure food, you know, the sort with less oil — makki roti with butter on top, rajma, bhindi — and you can even have their water and nothing will happen to you.
Coutto [Putting his fork down and rubbing his tummy]: Yeah, I'll go there with you sometime. But right now, I think I'll go home and play some slow blues songs.


Quick takes




asian

Asian Paints stock falls amid report Reliance Industries to sell 4.9% stake

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE




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Philippines: First Asian Country to Approve Sale of Dengue Vaccine

Dengvaxia, manufactured by French pharmaceutical giant Sanofi, secured its first regulatory approval in Mexico a fortnight ago and is currently being




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Asian Tiger Mosquito Has More Potential to Spread Zika Virus

Asian tiger mosquito has been neglected as a source of Zika and dengue virus, as the threat was measured right after one feeding on infected blood. However,




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Culturally Tailored Intervention Increases HPV Vaccination of Asian-American Adolescents

A culturally tailored multilevel strategy designed by scientists significantly increased human papillomavirus (HPV) vaccine uptake among low-income, mostly




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Sonam Kapoor on The Board of Asian School of Fashion

The super star of Indian Film Industry Sonam Kapoor is also a well known...




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To curb communal hatred, Saudi Arabia orders arrest of citizen for hate speech against Asian expatriate

Saudi officials ordered to arrest a citizen for abusing a non-Muslim expatriate for not embracing Islam. Saudi Arabia is a member of OIC that wrote to PM Modi on Islamophobia in India.




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2016 OECD Asian Roundtable on Corporate Governance

Good corporate governance plays a vital role in underpinning the integrity and efficiency of financial markets. Mr. Rintaro Tamaki, Deputy Secretary General of the OECD, will open the 2016 OECD Asian Roundtable on Corporate Governance on Monday 24 October with Mr. Chang Jae Lee, Vice Minister of Justice in Korea, to address corporate governance standards and practices in Asia.




asian

Rising tax revenues: A key to economic development in emerging Asian countries

Tax revenues are currently rising as a proportion of national incomes in Indonesia and Malaysia but continue to be substantially lower than for Korea, Japan and other OECD countries, according to a new OECD report.




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Increasing tax revenues is crucial to development in emerging Asian economies

Increasing tax revenues and ensuring sustainable domestic resource mobilisation will be critical as emerging Asian economies seek to boost the provision of public goods and services and improve economic growth and living standards.




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Harmonising revenue statistics among Asian countries

Asian representatives from Ministries of Finance and Tax administrations gathered in Seoul, Korea on 14-15 October 2015 to discuss the framework for harmonising their revenue statistics.




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Tax revenues continue to rise, but scope remains for increased tax mobilisation in emerging Southeast Asian economies

In 2014, the tax-to-GDP ratios of Indonesia, Malaysia, the Philippines and Singapore were below 17% of GDP compared to Japan and Korea, which both recorded tax-to-GDP ratios above 24%,according to new data released in the third edition of the OECD’s annual publication Revenue Statistics in Asian Countries.




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Asian and Pacific economies: decreases in tax revenue highlight need to broaden tax bases

This new report shows that tax-to-GDP ratios fell in most of the 16 Asian and Pacific economies covered by the report between 2015-16 due to a combination of policy reforms and decreasing natural resource prices.




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Tax revenues in Asian and Pacific economies rebound

Tax-to-GDP ratios increased in the majority of Asian and Pacific economies covered by a new OECD report published today. Nine of the economies in the publication increased their tax-to-GDP ratios between 2016 and 2017, compared with only three in the preceding year, according to Revenue Statistics in Asian and Pacific Economies 2019.




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OECD and Eurasian officials meet in Azerbaijan to discuss BEPS implementation and solutions to the tax challenges of digitalisation

Over 70 delegates from 14 countries, as well as international and regional organisations, business, and civil society gathered in Baku, Azerbaijan on 8-10 October 2019 for the Fifth Regional Meeting on BEPS for Eurasian Countries.




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Global Forum and Asian Development Bank delivered a training in Georgia on the implementation of the international tax transparency standards

The Global Forum and the Asian Development Bank held a joint training event on the Exchange of Information on Request Peer Reviews and Implementation of the Automatic Exchange of Information Standard from 17 January to 31 January 2020 in Tbilisi, Georgia.




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2013 OECD-Asian Roundtable on Corporate Governance

Kuala Lumpur, Malaysia - 5-6 June 2013 - This meeting served as an opportunity to better understand the particular features and challenges associated with equity market developments worldwide and in particular, corporate governance policies and practices and their relationship to equity market growth in Asia.




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The future of the Asian economic and financial community

This article by OECD Deputy Secretary-General Rintaro Tamaki focuses on three issues that will be important in shaping the future of the Asian economic and financial community: trade, funding long-term investment and strengthened regional financial co-operation.