Asia

South-East Asia heads for property slowdown but no bust

Bangkok - Having lived and learned from the 1997 crisis, South-East Asia's property markets have so far proved resilient to the US subprime crisis and knock-on financial meltdown but they are far from immune to the global mess.

"No one can get off scot free from what's happening because global liquidity has been reduced and also the feel-good factor has gone," said David Simister, chairman of real estate company CB Richard Ellis Thailand.

"It will certainly create a slowdown and a market where for the next 18 months it's a bad time to be selling something but I don't see a situation where there will be a big slide in prices here," he added.

Asian markets jump after rescue plans unveiled

Asian markets jump after rescue plans unveiledTokyo - Asia's stock markets surged Tuesday after the governments of the world's leading industrial nations announced plans to fight the global financial crisis.

Tokyo's stocks rocketed Tuesday with the benchmark Nikkei 225 Stock Average rising 13 per cent in morning trading after Wall Street's overnight surge.

After being closed for a holiday Monday, the Nikkei rose more than 1,000 points to cross the important 9,000 barrier. Other markets in Asia also posted substantial gains.

Two civilians among nine killed in Afghanistan attacks

Two civilians among nine killed in Afghanistan attacksKabul - A woman and a child were killed in a rocket attack in eastern Afghanistan, while two Afghan private security guards and five suspected Taliban militants were killed elsewhere in the country, officials said Monday.

The woman, 55, and a 14-year-old boy were killed when a rocket fired allegedly by Taliban fighters hit their house in Khost city Sunday, Khost province police chief General Abdul Qayoum said.

Qayoum said two other children were wounded in the rocket attack that he blamed on Taliban militants.

Pakistani forces kill 10 militants in restive Swat valley

Islamabad - Pakistan's army said on Monday it had killed at least 10 Taliban militants in troubled Swat district, while one civilian also died in the offensive against insurgents.

The casualties came one day after 37 rebels reportedly died in shelling by helicopter gunships on their hideouts in the country's lawless tribal region.

The army launched a search-and-cordon operation in the Khwazakhela area of Swat valley Saturday night after an attack by heavily armed rebels on a check post, military spokesman major Murad Khan told Deutsche Presse-Agentur dpa.

It continued through Sunday and was completed early Monday, leaving 10 militants dead, he added.

NWFP govt to create more jobs to prevent youths from joining Taliban

PakistanPeshawar, Oct 13: The NWFP government is planning to increase economic activity through offering more government jobs in the province in a bid to curb the wave of Talibanisation, the ruling party the ANP (Awami National Party) has said.

In a statement, ANP working committee member Gul Mina Bilal said that the Taliban were “misguiding unemployed youths, who were joining their ranks”.

Pakistan warns water dispute with India may threaten peace talks

Pakistani President Asif Ali ZardariIslamabad - Pakistani President Asif Ali Zardari warned that any breach of a river water-sharing treaty by India will be detrimental to the peace process between the nuclear-armed neighbours, media reports said on Monday.

The statement came two days after Indian Prime Minister Manmohan Singh inaugurated the controversial 450-megawatt Baglihar hydroelectric project over the Chenab River that flows from Indian-administered Kashmir into Pakistan.

Pages