Saturday, February 4, 2012

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





About 2point6billion.com

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.



Science & Technology

Norway May Halt China’s Arctic Council Ambitions

Jan. 27 – Norway could block China’s attempts to gain permanent observer status on the increasingly relevant Arctic Council due to a souring of relations between the countries over the last few years, according to a report on Wednesday in Aftenposten – Norway’s largest newspaper.

“As long as the Chinese authorities refuse to speak to their Norwegian counterparts, it will be difficult for Norway to say yes to a (Chinese) candidacy to become a permanent observer on the Arctic Council,” an unidentified “highly-placed diplomatic source” told the paper. Continue reading

Posted in Politics, Science & Technology | Leave a comment

ConocoPhillips, CNOOC Agree to Pay US$160 Million for Bohai Bay Oil Spill

Jan. 26 – Houston-based ConocoPhillips and the China National Offshore Oil Corporation (CNOOC) have reached a financial settlement agreement with China’s Ministry of Agriculture to compensate for the damage caused by the June 2011 Bohai Bay oil leaks.

Under the agreement, RMB1 billion (nearly US$160 million) will be paid as compensation to settle public and private claims of potentially affected fishermen in relevant Bohai Bay communities, according to a January 24 press release issued by ConocoPhillips. Continue reading

Posted in Business, Featured, Science & Technology | Leave a comment

China, India Keen to Access the Arctic Circle

Jan. 20 – Despite harsh weather conditions, the Arctic is becoming a global hot spot, with non-Arctic countries like China, India and Brazil pursuing “observer” status on the Arctic Council – an intergovernmental body promoting cooperation and environmental protection among countries that have territories in the Arctic area.

Experts believe that the increasing focus in the Arctic is drawn by its abundant natural resources, which will be extracted in the future if the region’s environmental conditions become friendlier and global warming melts more glaciers and sea-ice. Continue reading

Posted in Featured, Politics, Science & Technology | Tagged , , , | Leave a comment

India Launches US$50 Aakash Tablet PC

Jan. 13 – India has launched the initial pilot run of the Aakash tablet PC, with some 100,000 units having been delivered this week. The PC, similar in look and functionality to an iPad, has been designed to specifically cater for Indian students and the Indian Ministry of Human Resource and Development is set to purchase 10 million of them to distribute to schoolchildren in attempts to improve literacy and educational standards across the country.

Jointly developed by the Canadian company Datawind and the Indian Institute of Technology Rajasthan, the Aakash is being manufactured in India at plants in Cochin, Noida and Hyderabad. By the end of March an updated version tweaked from observations made during this week’s run will be launched and distributed throughout the country at a rate of 5 million a month. Continue reading

Posted in Business, Featured, Science & Technology, Technology | Tagged , , , | 3 Comments

Microsoft Files Lawsuits Against China’s Gome and Buynow

Jan. 12 – Microsoft has filed lawsuits against Chinese electronic retailer giants Gome and Buynow for allegedly selling PCs with unlicensed versions of Windows and Office software, Microsoft said in a statement on Monday.

The company is taking legal action against the Shanghai division of Gome, one of China’s largest electronic appliances distributors, and the Beijing Chaoyang branch of Buynow, one of the biggest computer malls in the country. Microsoft said it has filed the cases in the Shanghai Huangpu District People’s Court and the Beijing Second Intermediate People’s Court to fight for its copyright and compensation for financial losses caused by the infringement. Continue reading

Posted in Business, Featured, Science & Technology, Technology | Tagged , , , , , , | Leave a comment

China Telecom to Launch Mobile Phone Business in UK

Jan. 5 – China Telecom, the country’s largest fixed-line phone company in terms of customer numbers, is set to start its first overseas mobile phone service in the United Kingdom, Bloomberg reported.

China Telecom Europe – the company’s wholly-owned overseas division for Europe, the Middle East and Africa – will sign the UK wireless business deal with London-based Everything Everywhere Limited (EEL), EEL announced on its web site Wednesday. Continue reading

Posted in Business, Featured, Foreign Trade, Science & Technology, Technology | Tagged , , , , , , , | Leave a comment

2pont6billion.com Now Accessible in Mobile App

Free app brings our emerging Asia business news portals to your fingertips

Dec. 16 – The brand new Asia Briefing mobile application brings the latest emerging Asia business news from 2point6billion.com right to your fingertips.

The free app integrates with legal and tax regulatory updates from Dezan Shira & Associates, along with China, India, Vietnam, Russia and Mongolia Briefings. With hourly updates, it helps you stay on top of Asia’s dynamic investment environments. Continue reading

Posted in Business, Featured, Science & Technology, Technology | Tagged , , , , , | 1 Comment


For India and China business news and commentary, visit 2point6billion.com. Written by the business experts at Dezan Shira & Associates, 2point6billion reports on the most important stories from throughout south east Asia.



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


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF