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The Philippines Navy, charged with protecting more than 7,000 islands and its surrounding waters with rickety or ageing vessels, is practically non-existent, armed forces chief of staff General Dionisio Santiago said Wednesday.
CHINA'S Corporate Law is in desperate need of changes to adapt to the needs of the market economy, deputies to the just concluded National People's Congress session urged. Deputies and legal professionals stress that the reform will require the revision of or scrapping of a host of laws.
A PRIME slice of Hong Kong#8217;s colonial past #8211; the Daimler limousine that ferried former British prime minister Margaret Thatcher and the last governor, Chris Patten, around town #8211; is to be auctioned off.
B>SINGAPORE:/BAsia's richest people have been hit by the global economic crunch, with 14 names from the region dropping out of a US magazine's global list of billionaires, but some newcomers joined the exclusive club.