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Wednesday, February 06, 2008

  

Chinese named World Bank chief economist


WASHINGTON: The World Bank Monday named Justin Lin Yifu, who defected from Taiwan and rose to become a top economic strategist for communist China, as its chief economist—the first time a Chinese has held the job.

World Bank President Robert Zoellick said Lin, the founding director of the China Center for Economic Research (CCER) at Peking University, would bring to the bank the perspective of a developing country on agriculture issues as well as on economic challenges in Africa, where China has aggressively sought trade and investment opportunities.

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O T H E R   R E P O R T S

 

WASHINGTON: A surging Barack Obama and weary White House rival Hillary Clinton Tuesday battle coast-to-coast, while John McCain tried to lock down the Republican ticket in a historic 24-state nominating showdown.

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J AKARTA: Indonesia’s state-owned plantation firms have jointly set up a consortium for the construction of a biodiesel plant aimed at supporting the government program to develop alternative fuels, local press said Tuesday.

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GUANGZHOU, China: China’s prime minister said “victory” was in sight Tuesday with the country finally overcoming huge transport and power problems caused by weeks of savage weather ahead of Lunar New Year.

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WORLDINBRIEF

HANOI: Vietnam exported 150,000 tons of coffee worth $259.7 million last month, witnessing respective year-on-year decreases of 38.5 percent and 25.8 percent, according to a local trade agency on Tuesday.

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Severino O. Frayna Jr., Benjie Dela Rosa
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