At a press conference on Thursday, Foreign Ministry spokesman Qin Gang answered questions about US pressure on the appreciation of the RMB. He said China and the United States need to pay attention to the existing problems, and also find the best way to resolve them.
At a press conference on Thursday, Foreign Ministry spokesman Qin Gang answered questions about US pressure on the appreciation of the RMB.
Foreign Ministry spokesman Qin Gang said, "We think our opinion is to resolve the problem through dialogue and consultation on the basis of equality, so as to find a mutual benefit and win-win resolution. We would like to strengthen communication and exchange with the US for this purpose. Cooperation brings benefits, confrontation brings loss to both sides. So cooperation is better than confrontation, and having a partner is better than having a rival. This is a truth that is proved by the development of China-US relations."
KUALA LUMPUR: Telekom Malaysia Bhd (TM) has finally launched the highly anticipated next-generation high-speed broadband (HSBB), UniFi, since it was announced two years ago.
The launch was officiated by Prime Minister Datuk Seri Najib Tun Razak and Deputy Prime Minister Tan Sri Muhyiddin Yassin.
TM’s UniFi HSBB packages comprise triple-play services of high-speed Internet, video (IPTV) and phone, with speeds of 5Mbps, 10Mbps and 20Mbps.
TM chairman Datuk Dr Halim Shafie said: “Now that UniFi has arrived, we anticipate it will be a digital lifestyle changer as well as enabler for the vast majority of our subscribers.”
“I’m trully excited at this next phase of growth for TM where we are aiming to take our services to the next level,” he said at the launch yesterday.
The RM11.3bil project, signed in September 2008, is a public-private partnership agreement between TM and the Government to develop next-generation HSBB infrastructure and services for the nation.
TM is putting up RM8.9bil while the Government is co-investing RM2.4bil on an incurred claims basis based on project milestones reached by TM.
By end-2012 – in accordance with the completion of the first phase of the national HSBB project roll-out as agreed with the Government – about 1.3 million premises will have access to the HSBB services.
It will be expanded to another 22 exchange areas by June and a further 22 by year-end. TM has completed 311,000 premises passes, surpassing the target of 300,000 premises passes by end of the month.
New York Times pays damages to Singapore’s leaders
Singapore’s Prime Minister Lee Hsien Loong speaks during Standard Chartered’s 150th anniversary dinner in Singapore February 19, 2009. Credit: Reuters/Vivek Prakash
SINGAPORE (Reuters) – The New York Times Co apologized to Singapore Prime Minister Lee Hsien Loong and former prime minister Lee Kuan Yew on Wednesday and paid S$160,000 ($114,000) in damages for an article about Asian political dynasties.
An apology in the opinion section of the New York Times’ website said that any inference that Lee Hsien Loong “did not achieve his position through merit,” was unintended.
The article, entitled “All in the Family,” was published on February 15 in the International Herald Tribune (IHT), the global edition of The New York Times.
Lee Hsien Loong is the son of independent Singapore’s first leader, Lee Kuan Yew. The New York Times also apologized to Goh Chok Tong, who succeeded the older Lee as prime minister.
Davinder Singh, the lawyer acting for the leaders, told Reuters that the IHT’s publisher, editor of global editions, and the article’s author, Philip Bowring, also agreed to pay damages of S$60,000 to Lee Hsien Loong, and S$50,000 each to Goh Chok Tong and Lee Kuan Yew, as well as pay their legal costs.
Singh said the article was “libellous” and the Singapore leaders had demanded an apology, damages and costs.
He said it was in breach of an undertaking made by both the publisher of the IHT and Bowring in 1994 that they would not make further similar defamatory allegations to those made in an article by Bowring in the IHT in that year called “The Claims about Asian Values Don’t Usually Bear Scrutiny,” for which the IHT and Bowring also paid damages and costs to the three leaders.
A spokesman for The New York Times Co declined to comment beyond the apology, while Bowring did not respond to a Reuters query for comment.
Singapore’s leaders have in the past sued and won damages, or out-of-court settlements, from opposition politicians and foreign media including the International Herald Tribune, Wall Street Journal, Bloomberg and The Economist.
Singapore, considered to have the lowest political risk among Asian nations by many risk consultancies, is a hub for manufacturers, banks and expatriates, who value its stability. The ruling People’s Action Party (PAP) has governed for 50 years.
Singapore was ranked 133rd among 175 countries in the World Press Freedom Index 2009 by Reporters Without Borders.
(Reporting by Neil Chatterjee in Singapore and Tiffany Wu in New York; Editing by Nick Macfie and Raju Gopalakrishnan)
