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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
Malaysia economy grows and banking liberalises
by Brian TurnerMalaysia reported that its economy grew by 7.1% in 2004, though a slowdown to 5.6% in Q4 means the country is predicting a slower 6% rise for 2005.
Additionally, the country is continuing to push for World Trade Organisatio membership, with reforms to Islamic banking now pushed through before the original 2007 deadline.
Islamic banking is a method of offering banking services, while adhering to Islamic restrictions on payment of interest.
The Malaysian central bank has now relaxed restrictions on foreign ownerships of Islamic banking units, allow up to 49% to be bought by outside investors. Limits in other banking areas remain at 30%.
There are now 8 fully-operational Islamic banking groups in Malaysia, which is a predominantly Muslim country.
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