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Tuesday, May 06, 2008 |
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Asean
agrees on foreign-reserve
swap amid crisis
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MADRID: Finance ministers from the Association of Southeast Asian
Nations (Asean) as well as China, Japan and South Korea agreed
Sunday on the minimum scale of a regional foreign-reserve swap to
prevent a recurrence of the 1997 to 1998 Asian financial crisis.
“We also agreed that the total
size of the multilateralized Chiang Mai Initiative [CMI] would be at
least 80 billion US dollars,” finance chiefs from the 10-member
Asean and three East Asian countries said in a joint statement after
concluding a meeting under the framework called Asean+3 here on
Sunday.
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O T H E R R E P O R T S
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Cyclone
‘Nargis’ hits Myanmar hard,
leaves 351 dead, thousands homeless
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YANGON: Aid agencies Monday
rushed emergency food and water into Myanmar after tropical cyclone
“Nargis” tore into the southwest of the impoverished nation,...
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Clinton, Obama
step it up
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INDIANAPOLIS, Indiana: Democrats
Barack Obama and Hillary Clinton promised wary Americans a new
beginning as they stepped up their battle Monday, the eve of their
next fateful date with primary voters.
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China slams Dalai
Lama
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BEIJING: China’s state press on
Monday accused the Dalai Lama of “monstrous crimes,” keeping up
its fiery rhetoric against the exiled spiritual Tibetan leader
despite agreeing to maintain dialogue with him.
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WORLD
INBRIEF
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JERUSALEM: Israeli Prime Minister
Ehud Olmert and Palestinian President Mahmud Abbas were to meet on
Monday on the heels of US Secretary of State Condoleezza Rice’s
latest bid to boost the peace process.
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