JAKARTA — Asia is home to more than half the world’s most dynamic retail hubs, according to new research that reinforces images of the region’s mall-strewn megacities. The research, by professional services and investment management company JLL, says 12 of the fastest-growing retail cities are in Asia, with eight in China alone — another indication that global economic growth is increasingly driven by the Asia-Pacific region. JLL lists Dubai as the world’s fastest-growing retail destination, with Shanghai second and Beijing third. Places 9 to 13 are occupied by Bangkok, Chengdu, Kuala Lumpur, Jakarta and Manila, respectively. Only two European cities make the top 20 — Moscow and Istanbul — with none from Africa. Mexico City is the sole city from the western hemisphere, sitting at number 19.
JAKARTA – Meeting Indonesian President Joko Widodo on Monday to discuss mutual trade and investment prospects, UK Prime Minister David Cameron told media that “we [the U.K. and Indonesia] are natural business partners and there is much more we can do.” In return for considering British investments, Indonesia wants greater access to the U.K. and to the wider European market for its exports, which are mostly commodities such as palm oil, rubber, coal, coffee, copper, oil and natural gas. “The lower tariff [is] needed on Indonesian [primary] products like wood, clothing, coffee and fisheries,” Widodo said after meeting Cameron, adding that British applications for investment in Indonesian infrastructure would be considered.
DUBLIN — A report released last week gave a remarkably positive assessment of the Irish Republican Army’s (IRA) self-emasculation, 14 months after it declared an end to its three-decade war against Northern Ireland’s status as part of the UK. The report, released by the Independent Monitoring Commission (IMC), an Irish-British intergovernmental watchdog set up to monitor Ireland’s paramilitary groups, stated: “It [the IRA] is now firmly set on a political strategy, eschewing terrorism and other forms of crime. In this process there has been a loss of paramilitary capability.” However, various vested interests on the part of all protagonists may combine to scupper a potential deal this week, as the British and Irish governments and Northern Ireland’s main political parties discuss reviving the devolved government set up after the 1998 peace agreement.
DUBLIN — A year after the Irish Republican Army (IRA) announced the end to its almost-40 year armed campaign against British rule in Northern Ireland, political progress remains piecemeal in the long-divided region. The IRA’s ongoing reticence to disarm was a key constraining factor in Northern Ireland’s slow-moving peace-building process. But now despite the organizations’ disarmament, ongoing wrangles have prevented the revival of the regional political institutions, which give Northern Ireland significant devolved authority from London. These institutions remain core aspects of the 1998 ‘Good Friday’ peace agreement. The British and Irish governments have stated their intention to put some of the institutions into ‘cold storage’ if a 24 November deadline for restarting devolution is not met by the political parties.
DUBLIN — A second employee of Sinn Féin, the Northern Ireland political party linked to the Irish Republican Army (IRA), has emerged as a long-time British agent, the second such revelation in recent weeks. Richard Lavelle from Fermanagh, near the border with the Irish Republic, admitted on Thursday that he was an agent for the Special Branch of the UK security services, which worked to counter the activities of the Irish Republican Army (IRA). The statement follows the 9 December revelation that Denis Donaldson, a senior Sinn Féin official and former IRA man who served a prison sentence for an attempt to bomb a distillery and government buildings, had been a British agent for over 20 years. Lavelle is said not to be a current Sinn Féin party member, but had, by the party’s own admission, worked on electoral campaigning. Donaldson ironically had been one of three Sinn Féin workers suspected of intelligence gathering on behalf of the IRA at the Belfast headquarters of Northern Ireland’s devolved government. He also claimed that the spy ring was a fiction created by British intelligence.