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Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




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2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.



Monthly Archives: January 2014

Hong Kong Revokes Philippines Visa Exemption Over 2010 Hostage Crisis

HONG KONG – From February 5, officials and diplomats from the Philippines visiting Hong Kong will not be able to enjoy the 14 day visa-free exemption they currently do, Hong Kong Chief Executive Leung Chun-ying told a press conference yesterday.  The move is in response by Hong Kong to a tragedy in Manila over three years ago, when eight Hong Kong tourists were killed and seven others injured in a hostage situation that lasted over 10 hours.  The Philippines’ President Benigno Aquino III has consistently refused to make an official apology for what he sees as the actions of a lone gunman, leading to tension between Hong Kong and the Philippines.

In August 2010, after senior police inspector Rolando Mendoza had been dismissed from the Manila Police District, he boarded a tourist bus armed with an assault rifle, in an attempt to get reinstated.  The rescue attempt lasted over an hour, and ended after Mendoza was shot and killed.  Hong Kong has alleged that it was the poor handling of the incident by the Philippines’ officials that led to the victims’ deaths.  The Hong Kong government placed a black travel advisory warning (the highest warning level) on the Philippines, cautioning Hong Kong residents that the country posed a “severe threat” and advising that all travel be avoided. Continue reading

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The 2014 Asian Stir-Fried Prawn Index

Op-Ed Commentary: Chris Devonshire-Ellis

Jan. 22 – When it comes to making comparisons across Asia, and especially the various regional economies, a difficulty is in choosing a commodity familiar to all within this massive region. Typically, housing prices, cost of labor and even mobile phone penetration or the famous Mars Bar Index are used to demonstrate how economies and regional prices vary against the same product. Having given this some thought, while trying to maintain an Asian flavor in our 2014 comparison, we decided to choose a dish prevalent across Asia – Stir-Fried Prawns. It is perhaps the one dish that can be found from Northern China to Southern India, and all points in-between, and is therefore a reasonable barometer to try and ascertain how Asian consumers differ in their local costs of consuming what to hundreds of millions of people is either a tasty lunch or dinner dish. Continue reading

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