Asia News Network

China-North Korea border tourism boom raises concerns over funding weapons program

The South Korean government fears that increased tourists in the border areas is providing an opportunity for North Korea to earn foreign currency.

PwC Bangladesh, in its analysis of Bangladesh as an investment point, said the country is striving to enhance its exports on all fronts.

He said that in many countries, the production costs and the prices of medicine are very high, therefore they can have a comparative advantage.

The three countries will pour a total of around $95 million dollars (¥13 billion yen) into the project.

The expo is one of the most important events on Tibet's cultural calendar.

"It is like a down payment, a sign of [Pertamina's] seriousness", Minister Arifin Tasrif said.

The US Federal Reserve has waived interest rate increase but signalled that two more rate hikes are on the way, the central bank said.

Under this new framework, digital banks will not be allowed to provide any service to clients directly through physical counters.

The central bank lowered interest rates for seven-day reverse repurchase agreements to 1.9 percent from 2 percent, among other adjustments.

One key factor cited was that bank loan growth will slow to 0.5 per cent, well down from the estimate of 1.3 per cent made in March.