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Suu Kyi’s party mulls rethink on China-backed Myanmar dam

Yangon / AFP Aung San Suu Kyi’s incoming government is considering a rethink of a controversial Chinese-backed dam in Myanmar and looking for ways to end a military conglomerate’s “privileges”, according to her party’s economic advisor. Her new government, which is expected to take office in early April, faces a raft of economic challenges, not least the continued financial clout ...

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Indian jewellers lose US$150mn a day as strike continues

New Delhi / Bloomberg Jewellers in India, the world’s biggest gold consumer after China, are estimated to be losing about $150 million a day as a shutdown to protest a proposed tax enters its second week, according to the All India Gems & Jewellery Trade Federation. Shops will remain closed until the government assures jewellers that the 1 percent duty ...

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India-made car quality at par with Japan: Suzuki

New Delhi / Bloomberg Suzuki Motor Corp., shipping India-built cars to Japan for the first time, said plants in its biggest market are now capable of making vehicles at the same level of quality as factories at home. Japan’s second-biggest minicar maker began selling the Baleno hatchback, made by its Maruti Suzuki India Ltd. subsidiary, in Japan on Wednesday, according ...

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