Jan. 26 – Ho Chi Minh City is set to host the World Economic Forum on East Asia in June 6 to 7, highlighting the region’s steady economic recovery through increasing regional economic integration, local consumption and adaptive stimulus measures.
The region is expected to maintain high growth when the members of the Association of Southeast Asian Nations (ASEAN) fuse their markets into one by 2015. Vietnam was chosen as a venue for the forum as the current chair of the ASEAN and as a developing economy in the region. The meeting will gather the regional leaders to talk about how to fortify competitiveness while driving innovation and environmentally friendly economies. Continue reading
Jan. 26 – India and China were the top two over-performers among developing economies in terms of improved logistics performance despite lower levels of per capita income, says a World Bank Group survey on international trade logistics.
The “Connecting to Compete 2010: Trade Logistics in the Global Economy” ranked 155 economies based on Logistics Performance Indicators compiled from information provided by international freight forwarders and express carriers on the logistics process of the countries where they trade and operate in. Continue reading
Jan. 25 – India and China are working towards a new comprehensive bilateral agreement that will expand trade relations between the huge, developing nations.
The joint economic group meeting held in Beijing addressed issues of increasing local stakes in Chinese projects in India and easing market entry for Indian companies in China particularly for in its IT and pharmaceutical industries. New Delhi wants Chinese projects in India to have more Indian participation after getting strict with employment visas issued to Chinese workers in the country last year. Continue reading
Jan. 25 – South Korean President Lee Myung-bak highlighted his administration’s “New Asia Diplomacy” campaign with India playing a key role during his four day state visit to the country.
Mr. Lee is in India to improve economic ties between the two countries. Since taking office in 2008, Mr. Lee stepped up diplomatic efforts with regional powers: the United States, China, Russia and Japan. Last year, the South Korean government sought to improve relations with Southeast and Central Asian neighbors including Australia, and New Zealand. Continue reading
Jan. 22 – The Indian government issued a terror alert in its airports after reports of a possible hijack attempt by al-Qaeda linked militants.
All Air India flights are now on high security alert and have been directed to deploy sky marshals. “We have advised the civil aviation ministry to take necessary steps,” Omkar Kedia, spokesman at the Indian home ministry said in a statement. Continue reading
Jan. 22 – Microsoft has released an emergency patch for Internet Explorer browser users to guard against similar cyber attacks that hit Google last month.
The critical patch remedies 8 weaknesses in the software company’s browser that was exploited by hackers and used to assault Google and various other companies. In the worse case scenario, the flaws can allow hackers to remotely control a computer while users visit web sites using the browser. Continue reading
Jan. 21 – China is slowly easing communication restrictions in its once restive Xinjiang Uighur Autonomous Region.
Yesterday the ban on international calls in the region was lifted after text messaging services were also restored a few days prior. Internet access is also partly back although only the edited versions of the Chinese web sites Xinhua, People’s Daily, Sohu and Sina can be accessed and foreign web sites are still blocked. According to the Xinjiang-based blog Far West China, only 20 text messages can be sent a day. Continue reading