-
Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
India-Brazil-South Africa to cooperate in health sector
by Ed RobertsIndia, Brazil and South Africa (IBSA) have agreed to collaborate on wide range of health related issues. The health ministers of three countries have started another round of cooperation.
Indian Health & Family Welfare Minister, Dr. Anbumani Ramadoss sought the support of India’s proposal for observing 2nd October every year as ‘World No Alcohol Day’. Dr. [...]
Steps to contain steel prices
by Ed RobertsIndian government has announced that steel prices in respect of pig iron, ingots, rounds, TMT, Angles, plates, GP sheets and sponge iron have come down in the range of 3-6 %, during the last two weeks. Moreover, retail prices of HR coil, CR coil and wire rods have also shown a slight downward trend.
Big, [...]
India’s social sector spending low
by Jenny HodgeA recent study conducted by ASSOCHAM Eco Pulse (AEP) has revealed that while India with its unabated growth momentum stands out as a preferred investment destination, the country lags far behind its peers in social sector achievements.
The study says that despite the sustained rise in budgets over the years, India’s public spending on health [...]
India’s IT investments in China poised to rise
by Jo BlackThe rising Indian IT investments in China are poised to increase substantially in the coming decade and thereafter, as Asia continues to be the dominant force in the world economy and China deepens its engagement with the world economy, Dr. Victor Fung, Vice Chairman, International Chamber of Commerce (ICC) said.
Addressing a ICC India-FICCI meeting on [...]
Calls for financial cooperation between India and china
by Jo BlackThe Indian junior minister for finance, Mr. Pawan Kumar Bansal has called for greater cooperation between India and China in the financial sector, both through Governmental agencies and private institutions and banks.
Mr. Bansal was the key note speaker at the second India-China High-Level Financial Development Forum held recently in Beijing.
The Forum was supported [...]
Indian Economy on par with Chinese
by Jo BlackIndia and China were laid out comparatively on a platter for economists, investors and entrepreneurs, at a session organized by CII and Aspen Institute India to launch Tarun Khanna’s runaway hit ‘Billions of Entrepreneurs - How China and India are reshaping their future and yours’.
The launch witnessed an august gathering of some of the [...]
Prices Rise In Energy & Auto
by Elisha SandersAccording to economic figures released by the price supervision centre - a subsidiary of the National Development and Reform Commission - the price of vehicles manufactured in China has risen by 0.15% since March.
The figures released by the price supervision centre are based on sales from 36 of China’s largest to medium sized cities and [...]
China Signs Aerospace Hub Deal
by Elisha SandersChina’s National Aerospace Industrial Base and the China Academy of Space Technology have signed a landmark deal in which they are to co-build a world class aerospace base in China’s Northwest Shaanxi Province.
The National Development and Reform Commission deputy director, Zhang Xiaoqiang, said that the region was an aerospace hub, within China, and that more [...]
Intel To Invest $500 Million In China
by Elisha SandersIntel Corp have announced that they have set aside $500 million to invest in the rapidly expanding technology market in China.
Managing the fund is Intel Capital, whose director is Arvind Sodhani who said in an interview that the group is going to seek out the most economically viable investments in a range of sectors, [...]
Asian Stock Markets Take Downward Turn
by Rohan ParkerAsian stocks on the U.S. stock market have dropped to their lowest point in the past two weeks after the Federal Reserve have warned of a continuing recession for the U.S. economy. Those hardest hit were the largest consumer electronics manufacturer, Matsushita Electric Industrial Co.
This new decrease has sent Matsushita to their lowest point since [...]
Take Indian Inc. into confidence before concluding FTAS - ASSOCHAM
by Jo BlackThe Associated Chambers of Commerce and Industry of India (ASSOCHAM) while supporting the government in exploring possibilities for Free Trade Agreements (FTA) has simultaneously cautioned it to go slow towards FTAs unless Indian Inc. is taken into confidence.
Releasing the study brought out by the ASSOCHAM on India’s FTA’s and the Indian Industry, its President [...]
Seven Week Hike In Asian Stocks
by Rohan ParkerTechnology companies and banks led the way up in the stock market to a seven week high, which has been fueled by rumors that financial companies are going to soon break free of the current credit market crisis which will lead to much more stable economic growth.
Both Australia’s number one investment bank, Macquarie [...]
Official Opening Of Hangzhou Bay Bridge Set For May
by Elisha SandersChina has announced that the Hangzhou Bay Bridge, which will be the longest sea-spanning bridge in the world, will officially open on May 1st.
Chief commander of the bridge building project, Wang Yong, said that 95% of construction was complete, and that only ancillary work was yet to be completed.
Once the bridge which [...]
Grain Price To Rise In China To Combat Inflation
by Elisha SandersThe National Development and Reform Commission (NDRC) released a statement on Friday in which they outlined their bid to both stem inflation rises and boost grain production in China, and has for the second time this year raised the minimum purchase price for both rice and wheat.
This comes just one day after the national government [...]
China Creates New Green Ministry Department
by Elisha SandersLast week saw China establish five new super ministries, one of which is the Ministry of Environmental Protection (MEP), whose responsibility is, naturally enough, to stand in the forefront of those active against environmental concerns within the country.
Formerly titled the State Environmental Protection Administration, or SEPA, the group has already updated the official website [...]
China’s GDP Growth Slowed By Sinking Export Rates
by Elisha SandersA paper from a noted Chinese university has stated that China can expect the current deceleration in exports to reduce their GDP growth to 10.5%, which is still above the target outlined by the government of 8%.
According to the paper, from the Economic Research Institute of Renmin University, this decline, from the current 11.4%, is [...]
Commodities Hit Hard In Asian Stock Decline
by Rohan ParkerThe Asian stock market took a hard hit today, after fears of a U.S. recession sent commodity prices spiraling downward. Oil, Gold, and Copper prices were hit hardest, as the market is apprehensive that if the U.S. does go into a recession, the demand for raw materials will soon reduce dramatically.
The largest mining company [...]
Accelerated Inflation In Hong Kong
by Rohan ParkerThe inflation rate in Hong Kong has risen dramatically since snowstorms led China to up the price of importing food from the mainland.
Prices for consumers have gone up by 6.3% in February, after an increase of 3.2% in January. This is the highest rate of inflation in the country since July 1997, and [...]
Record High For Yuan Against U.S. Dollar
by Elisha SandersLast Wednesday saw the Yuan rise dramatically against the U.S. dollar, following the Federal Reserve announcing their cut of funds rates by .75% in a bid to stabilize the economy.
According to the China Foreign Exchange Trading System, the Renminbi (RMB) hiked up by 222 basis points to reach 7.0648 yuan for one US dollar.
After [...]
First Jumbo Jet Company For China
by Elisha SandersThe first ever jumbo jet passenger carrying flight company from China has just been registered in Shanghai with a capital of 20 billion yuan, or $2.82 billion.
Set up is to begin sometime between next week and May, as the sometimes lengthy process of registration needs to be finalized before production can begin.
The first [...]