• South Asian Cooperation can increase GDP by $70 billion per year, create 20 million new jobs

    Ramesh Tiwari
    April 4, 2017
    South Asian Cooperation can increase GDP by $70 billion per year, create 20 million new jobs

    TravelBizNews —

    Manila :The seven member countries of the South Asia Subregional Economic Cooperation (SASEC)  launched the SASEC Vision, a new strategic roadmap to guide the subregion’s development through 2025.

    The SASEC Vision was announced at the SASEC Finance Ministers’ Meeting in New Delhi, India on April 3.

    “The inspiration for a SASEC Vision comes at a very promising time. South Asia was the fastest growing subregion in Asia in 2016, and economic activity has remained resilient despite global headwinds,” Asian Development Bank (ADB) Vice-President Wencai Zhang said.

    According to a statement issued by Asian Development Bank ,the new strategy will help guide countries in the subregion to accelerate growth by unlocking the potential of its natural resources, industry, and infrastructure, with the aim of helping member countries achieve the Sustainable Development Goals.

    The recent inclusion of Myanmar as SASEC’s seventh and newest member will further promote the subregion’s ties with Southeast Asia and beyond.

    The strategic roadmap will guide SASEC members in developing gateways and hubs to expand trade and commerce to regional and global markets, which can generate around $70 billion in incremental GDP annually and 20 million total jobs by 2025.

    SASEC countries – Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka, and, most recently, Myanmar – coordinate the planning of projects and activities to increase economic growth by building cross-border connectivity, facilitating faster and more efficient trade, and promoting cross-border power trade. ADB serves as the SASEC Secretariat.

    Over the past 15 years, SASEC member countries have invested more than $9 billion in 46 subregional projects that have helped propel the subregion’s growth and development, with ADB financing $5.6 billion of this total. In 2016 alone, ADB approved financing for nine SASEC investment projects worth $2.4 billion, including $1.2 billion worth of transport and economic corridor projects in India.

    Nineteen projects for SASEC countries are indicatively planned for 2017-2019 for potential ADB funding totaling some $3.6 billion. These projects will focus on transport, energy, trade facilitation, and economic corridor development.

    April 4 , 2017

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      Kabul: Afghan security forces have regained control of Intercontinental Hotel, hours after the gunmen burst into the hotel shooting at guests and staff. At least five civilians were killed and six were injured in the siege. Three of the attackers have been killed and more than 150 guests were rescued. No group has said it carried out the attack, but the Taliban targeted the Intercontinental hotel in 2011.

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      2017 in review -Top stories

      January 1 : New year nightclub attack leaves 39 dead in Istanbul
      January 20 : Republican billionaire Donald Trump sworn in as 45th US president
      January 23 : Syria peace talks begin in Kazakh capital Astana
      March 29 :United Kingdom officially launches the Brexit process
      April 4 :Syria launches chemical attack killing 90 people
      April 6 : US cruise missiles destroy Syrian air base
      April 9 : Bombings at two churches in Egypt kill dozens
      April 16 : Refugee death toll passes 1,000 in Mediterranean
      April 16 :Turkey says YES to presidential system
      May 6 :Emmanuel Macron elected French president defeating Marine Le Pen
      May 19 :Iran’s President Hassan Rouhani wins re-election
      May 22 : Terrorist attack kills 22 at Manchester concert
      June 5 : Gulf nations severe ties with Qatar
      June 7 :Suicide bombers attack Iranian parliament killing 13 people
      June 14 :London fire kills 71 in the 24-storey Grenfell Tower
      July 4 :North Korean leader Kim Jong-un’s missile ambitions
      July 28 : Pakistan’s top court disqualifies Prime Minister Nawaz Sharif from office
      August 5 :US withdraws from Paris climate change pact
      August 17 :Storms cause record damage in Caribbean and southern United States
      August 25 :Muslim Rohingya start fleeing Rakhine state in Myanmar
      September 15 : NASA’s 13-year Saturn mission ends
      September 20 : Earthquake kills more than 200 in Mexico
      September 24 : Germany’s Chancellor Angela Merkel wins fourth term
      September 26 : Saudi Arabia lifts ban on women driving
      October 1 : Gunman opens fire on Las Vegas music festival killing 59 people
      October 14 : Massive bombing in Somalia’s capital Modadishu kill more than 500 people
      October 24 : China confirms the elevation of President Xi Jinping to the same status as the nation’s founder, Mao Zedong, and Deng Xiaoping, by enshrining ‘Xi Jinping thought’ in the party’s constitution at the 19th National Congress of the Communist Party of China
      October 27 : Catalonia declares independence from Spain
      November 4 : S audi Arabia detains 11 princes, four ministers and ten former ministers in a corruption probe
      November 12 : Iran-Iraq magnitude 7.3 earthquake kills more than 500
      November 15 : Argentine navy submarine disappears with 44 crew on board
      November 21 : Robert Mugabe resigns as Zimbabwe’s president after 37 years in power. His former deputy Emmerson Mnangagwa will become president.
      November 22 : Bosnian Serb army commander Ratko Mladic convicted of genocide in Srebrenica during the 1990s Bosnian War
      November 24 : Gunmen kill hundreds at Sinai mosque in Egypt
      December 4 : Houthi militants assassinate Yemen’s former President Ali Abdullah Saleh
      December 5 : Russia banned from 2018 Winter Olympics for state-sponsored doping
      December 6 : US President Donald Trump recognises Jerusalem as the capital of Israel
      December 17 : Price of one bitcoin reaches a new high of $19,783.06 dollars
      December 21 : Yemen’s cholera outbreak
      December 22 : Syria peace talks in Astana (compiled)

      Top ten most visited cities

      Between January and August 2017, destinations worldwide welcomed 901 million international tourist arrivals (overnight visitors), 56 million more than in the same period of 2016 .The top ten most visited cities are:
      HONG KONG26.6 million
      BANGKOK 21.2 million
      LONDON19.2 million
      SINGAPORE16.6 million
      MACAU15.4 million
      DUBAI14.9 million
      PARIS14.4 million
      NEW YORK12.7 million
      SHENZHEN12.6 million
      KUALA LUMPUR12.3 million

      Source: Euromonitor International

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