Mar. 31 – India became the country with the least ability to access information communication technologies (ICTs) among the BRIC nations, according to the Digital Inclusion Index recently released by the risk analysis company, Maplecroft.
Assessing the digital inclusion levels across 186 countries in the world, the index combined 10 indicators – including rates of mobile phones and broadband subscriptions, fixed telephone lines, households with a personal computers (PCs) and televisions, internet users and secure internet servers, internet bandwidth, secondary education enrollment and adult literacy – to achieve the final outcome. Continue reading
Mar. 31 – The Global Financial Crisis disproportionately affected manufacturing in already-industrialized nations, while the effects of the slowdown were measurably less severe in developing economies, according to the latest research by the United Nations Industrial Development Organization.
In the same period, the manufacturing value-added of major industrialized dropped by 10 percent, while the growth of manufacturing value-added in developing countries grew by roughly 2.5 percent. Continue reading
Mar. 30 – Investment in clean energy rose sharply across Asia in the past year, increasing by 33 percent to US$82.8 billion in 2010. In 2009, clean-tech investment in the Asian region surpassed that in the Americas for the first time.
In 2005, China attracted less than US$3 billion in private investment for clean energy. Four short years later, in 2009, it led the world with US$39.1 billion in private investment. Last year, private investment grew a further 39 percent to US$54.4 billion – well-above the region’s growth rate. Private investment in clean energy in China in 2010 equals that of the entire world in 2005. Continue reading
Mar. 29 – The Indian and Chinese Chambers of Commerce signed 400 memorandums of understanding (MoUs) on Monday in Singapore, signaling a strengthening of ties between Chinese and Indian industries as well as government.
The MoUs were signed between the Singapore Indian Chamber of Commerce and Industry (SICCI) and the Shanghai Representative Office of its counterpart, the Singapore Chinese Chamber of Commerce and Industry (SCCCI). Continue reading
Mar. 29 – China is now ranked second, behind only the United States, among the world’s largest generators of articles included in scientific publications, according to the Royal Society in London.
While developed nations round out the top 10, their share of published research papers is falling, while the number of papers that China, Brazil and India publish is steadily on the rise, the society reported. Continue reading
Mar. 29 – More than 2,000 investors and 270 corporations voted on their expectations for Asian equities in 2011 at the 14th Asian Investment Conference held by the Switzerland-based multinational financial service company Credit Suisse last week. After defining opportunities and possible risks in different regions, most of them are bullish and expect the market to have a stable or strong performance.
China to lead the gains
While 46 percent of attendees show a strong confidence in Asia’s stock market, predicting a 10 percent to 20 percent rise in the MSCI Asia Excluding Japan Index, the Chinese market seems to have attracted the most investor interest. Roughly 17 percent of voters predicted the Hong Kong-listed H Shares to do the best, while 20 percent think China’s domestic A-shares will be the strongest performer. Continue reading
Mar. 28 – A major consortium of South Korean companies has signed a US$3 billion preliminary rail deal with Mongolian Railway in Seoul on Thursday to help transport coal out of Mongolia’s Tavan Tolgoi – the world’s largest untapped coal mine with an estimated 6.4 billion tons of reserves.
The consortium, consisting of state-run Korea Rail Network Authority and top manufacturing companies including Lotte Engineering & Construction, Hyundai Engineering & Construction, and Daewoo Engineering & Construction, looks to begin work in the first half of next year on a 1,040-kilometer railway connecting Tavan Tolgoi in the Gobi Desert to eastern Mongolia’s Choibalsan. Continue reading