Jan. 31 – In a move that hopes to kick-start India’s flagging economy, the Reserve Bank of India (RBI) has lowered the nation’s interest rates from 8 percent to 7.75 percent. This marked the first time since April of last year that rates have been reduced, and only the second time in the past four years.
“It is critical now to arrest the loss of growth momentum, without endangering external stability,” the RBI said in a statement. Continue reading
Jan. 30 – A declining labor supply, rising wages and an appreciating currency are among the key reasons production costs are rising fast in China. Increasing land costs and the fact that SMEs find it difficult to obtain capital, are making the situation worse.
This article, which is an excerpt from the report “The End of Made-in-China?” published by Silk Road Assoc., examines the top five factors that are pushing up China’s manufacturing costs.
Jan. 28 – China National Petroleum Corporation (CNPC) stated that the long awaited Myanmar-China oil and gas pipelines should be operational by May of this year. The 1,100 kilometer pipeline stretches from Kyaukpyu Port on Myanmar’s central west coast, crosses the country from west to east and terminates at Ruili, near Kunming, in Yunnan Province.
The pipeline contains two feeder pipes: one containing oil shipped to Kyaukpyu from the Middle East and Africa across the Indian Ocean, and the other containing gas from the Shwe gas fields in the Bay of Bengal. The oil route negates the need for China to send shipments through the Straits of Malacca. Continue reading
Jan. 11 – The first issue of Asia Briefing Magazine, titled Are you Ready for ASEAN 2015?, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore through the months of January and February 2013.
Although both China and India have recently signed free trade agreements with ASEAN, many businesses still seem blissfully unaware of the free trade agreements and economic partnerships that are dramatically changing Asia’s business opportunities. These are agreements that do away with customs duties and tariffs on thousands of products. In this first issue of the bi-monthly Asia Briefing magazine, we focus on the new dawn that ASEAN free trade brings to the entire region, as well as the dramatic added impact of pan-Asian free trade agreements such as the Regional Comprehensive Economic Partnership. Continue reading