Tuesday, February 7, 2012

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





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2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.



Politics

“Dear Leader” Kim Jong Il has died

By Julia Gu

Dec. 19 – The North Korean leader Kim Jong Il has died, the country’s state television reported today from the capital city Pyongyang. He was 69.

Kim had possibly suffered a stroke in 2008, said the report. He appeared to be in fairly good health recently however, when he paid official trips to China and Russia late August this year. It’s reported that the second-generation North Korean dictator, who was a chain-smoker and a gourmet, had diabetes as well as heart disease. Continue reading

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India to “Watch” China’s Moves in the Indian Ocean

Dec. 16 – China’s recent announcement of plans to build a supply and recuperation facility in the Seychelles, an archipelago nation in the Indian Ocean, has triggered speculations about China’s real interests.

“According to escort needs and the needs of other long-range missions, China will consider seeking supply facilities at appropriate harbors in the Seychelles or other countries,” the Ministry of Defense said in a statement on its web site on Monday. Continue reading

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China Facing Neighboring Anger

Nepal & Myanmar cancel visits, Seoul and Tokyo getting tough

Dec. 15 – China is facing increasingly hardened diplomatic attitudes from its neighboring countries, with four – Nepal, Myanmar, South Korea and Japan – allowing protests at varying degrees of what is considered Chinese belligerence.

A South Korean coastguard official was stabbed to death at sea after the Korean coastguard intercepted a Chinese fishing vessel in its waters in an incident the South Korean media have talked up as “Chinese Piracy at Sea.” The Chinese vessel’s captain has been charged with murder and 17 Chinese fishermen have been detained. The situation further deteriorated between the two countries after what sounded like a gunshot was fired at a window of the South Korean Embassy in Beijing on Tuesday afternoon. Continue reading

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European Union to Cut Aid to 19 Emerging Economies

Dec. 9 – The European Union (EU) will cut off all aid payments from its 2014-2020 budget to 19 emerging economies, including China, India, Brazil and Thailand, the EU’s development commissioner Andris Piebalgs said on Wednesday.

“Countries such as China, India, Brazil, Argentina, which are either upper middle income countries or countries whose GDP represent more than 1 percent of the global GDP, are now able to ensure their own development and our aid does not have any longer a high impact on their development,” the EU commissioner explained in an official statement.

He noted that the EU is now aiming at building new partnerships with some of the emerging countries rather than offering them development aid. Continue reading

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After Canceling Border Talks, China’s General Ma Heads to India

Dec. 7 – China’s General Ma Xiaotian, deputy chief of the People’s Liberation Army General Staff, will be leading a delegation to meet with Indian Defense Secretary Shashikant Sharma on December 9, Chinese Foreign Ministry Spokesperson Hong Lei confirmed at a press conference on Monday.

“The two sides will hold in-depth talks about the regional situation as well as bilateral defense exchanges and cooperation,” Hong said. He noted that China attached great importance to the 15th round of Sino-India boundary talks, but didn’t reveal any further information. Continue reading

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New Issue of DPRK Business Monthly Now Available

Dec. 2 – The latest issue of DPRK Business Monthly is now available for complimentary download. The regular magazine looks at current international, domestic, and peninsular affairs concerning North Korea while also offering commentary and tourism information on the country.

In recent international news, Victor Ishayev, Russian President Dmitry Medvedev’s envoy for the Far East, has said that the DPRK will earn US$100 million annually if it becomes a transit country for Russian gas supplies to South Korea. Continue reading

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Clinton Begins Historic U.S. Trip to Myanmar

Dec. 1 – U.S. Secretary of State Hillary Rodham Clinton began her historic trip to Myanmar on Wednesday, marking the first appearance by an American diplomat of her rank in the long-isolated Southeast Asian country in 56 years.

In November, U.S. President Barack Obama announced that he would send Clinton to Myanmar in response to the country’s “flickers of progress,” referencing a series of reforms made by the Myanmar government. Continue reading

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For the latest political news and analysis from South East Asia, visit 2point6billion.com. Stories are contributed by the foreign direct investment experts at Dezan Shira & Associates, who have offices in China, India and Vietnam.



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


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