Nov. 30 – Pakistan’s embattled president, Asif Ali Zardari, transferred command of the country’s nuclear arsenal to Prime Minister Syed Yousaf Raza Gilani over the weekend in a show that he is willing to shed some of his powers.
The move could be the first in a series of steps the president undertakes to relinquish some power and retain his party’s backing. Continue reading
Nov. 30 – Beijing launched a global advertising campaign last week in an effort to lift the reputation of Chinese-made goods after a string of product recalls and scandals.
According to Media, the marketing and communications newspaper for Asia-Pacific, the campaign is believed to be China’s first ever. The 30-second advertisement was initially launched on CNN Asia with the theme “Made in China. Made with the world.” In it, a series of goods with the “Made in China” label are shown to be manufactured in partnership with the best foreign firms to produce high-quality products. Continue reading
Nov. 27 – China has instructed businesses to brace for the upcoming Free Trade Area with Southeast Asian Nations (ASEAN) when it takes effect in January 1, 2010.
The FTA will implement zero-tariffs on 90 percent of products traded between China and the ASEAN moreover improving Chinese access to the Asian market. “Chinese enterprises should make full preparations for competitions brought by zero-tariff products imports from the ASEAN,” Xu Ningning, executive secretary general of China-ASEAN Business Council (CABC) was quoted by Xinhua during a symposium for entrepreneurs in machinery, auto mobile and steel sectors. Continue reading
HONG KONG, Nov. 27 – Along with luxury fine dining establishments, the sophomore edition of the Michelin Guide to Hong Kong and Macau 2010 also recognized humble noodle stalls, congee shops and roast goose eateries making it one of the most affordable places in the world to get a Michelin-starred meal.
The respected hotel and restaurant guide tasked a Hong Kong-based team comprising of two Chinese, one French and 1 British to rate 245 restaurants in Hong Kong and 53 in Macau. In Hong Kong, nine establishments were given two-star awards, 39 with one-star gongs. Continue reading
Nov. 26 – Hans Rosling’s presentation at TED India this year gave his views on when China and India are likely to overtake the economy of the United States in size. Using data the dates back to 1858, he provided a thought-provoking look at how to interpret the figures during his speech at TED India.
Rosling co-founded the Gapminder Foundation and developed the Trendalyzer software that converts international statistics into moving, interactive and enjoyable graphics. The aim is to promote a fact-based world view through increased use and understanding of freely accessible public statistics. His lectures using Gapminder graphics to visualize world development have won awards and are both humorous yet very serious. It’s well worth a view. Continue reading
Nov. 26 – Zenith Optimedia Worldwide CEO Steve King predicts that new and emerging advertising markets like India and China will power the global advertising industry’s recovery reports The Economic Times.
He says: “India, with an approximate 10 percent growth, will certainly be in the top ten advertising markets in absolute dollar terms by 2015.” Zenith Optimedia is the third largest media-buying agency in the world and remains bullish on its Indian prospects.
Zenith has bagged advertising contracts in India amounting to US$100 million for this year alone. The Indian market is the company’s third largest growth market globally. Continue reading
Nov. 26 – India and Bangladesh will sign an agreement for exchanging electricity in off-peak hours to encourage bilateral investment in the power industry.
The deal will be signed during Prime Minister Sheikh Hasina’s visit to India next month and will involve connecting the transmission systems of the two countries at an estimated cost of US$200 million reports The Times of India.
Both countries are considering exchanging electricity for maybe 17 hours a day with the highest volume of electricity exchanged at 250 mw at the beginning before it expands to 1,000 mw. Continue reading