The US welcomes India’s greater involvement in East Asia and is committed to working with New Delhi as it increases ties with US allies in Southeast Asia and Japan, a senior US official has said. “Ultimately, we think that India’s role in the Asian-Pacific region stands to be one of the most important new developments [...]
Posts Tagged ‘China’
US welcomes emerging India’s role in Asia Pacific
February 3rd, 2011 |
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Apple iPad 2 Screen Thinner, Lighter: Rumors
February 3rd, 2011 |
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Apple’s next iPad will feature a thinner and lighter screen but likely no high-resolution Retina Display technology, according to images posted on 9to5Mac. – Apples iPad 2 may lack a high-definition Retina Display, at least based on alleged photos of the device posted on the blog 9to5Mac.
The blog claims that, along with “the iFix Youri iPhone 4 repair shop,” it managed to acquire an “iPad 2 LCD” from China.
“At this point, we cannot tell if the resol…
China’s 42m people ‘mega city’
February 2nd, 2011 |
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Interesting article here on plans for an integrated connurbation in south China that links up major cities. Sounds like quite a plan. This is perhaps the kind of thing that the auto industry needs to be tapping into in terms of talking to the authorities about how electric vehicles can fit the transportation side of the plan, mesh with clean air and public transport strategies.
There is also the industrial contribution that automotive could make to this new connurbation – new factories making EVs and associated components. If the vehicles are made there and there’s ready demand via incentives for users, large-scale procurement by local authorities and state enterprises, investment in infrastructure, it could all add up to being quite an opportunity a few years down the line. Kind of thing the visionaries/planners/politicians setting this thing up would like to talk about?
China to create largest mega city in the world with 42 million people
K. Subrahmanyam, India’s strategic guru, is dead
February 2nd, 2011 |
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K. Subrahmanyam, India’s most well known and internationally regarded strategic affairs analyst, died Tuesday at the All India Institute of Medical Sciences (AIIMS). He was 82. He had recovered from cancer but then fell victim to lung and cardiac problems from which he did not recover. The most respected voice in India on global security [...]
Global Logistic Properties rated ‘buy’ by Nomura
February 2nd, 2011 |
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Nomura Research in a Feb 1 research report says: “Recent activity/news flow in China’s logistics space suggests two emerging trends: (1) significant demand for quality modern warehouse facilities, as evident in Alibaba’s reported plans and (2) consolidation, which highlights two key ingredients for success: scale and access to capital.
China Fishery Group posts 8% rise in 1Q net profit to $25m
February 2nd, 2011 |
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Mainboard-listed industrial fishing company China Fishery Group says net profit rose 7.9% y-o-y to US$19.7 million ($25 million) for the first quarter of the financial year ending 28 September 2011 (1QFY2011).
Group revenue rose 13.4% to US$115.1 million from US$101.4 million in the same period last year.
BlackBerry stock slips on India report
February 1st, 2011 |
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Shares of BlackBerry maker Research In Motion (RIM) slipped about two percent Monday after India rejected its offer for partial access to its encrypted corporate emails. Since August last year, India has been seeking access to BlackBerry encrypted emails to counter threats to its national security. Since BlackBerry encrypted emails travel between smart phones through [...]
Yanlord, GIC Real Estate buy residential site in Tianjin, China
January 31st, 2011 |
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Singapore-listed China developer Yanlord (YNLG.SI) said on Monday it has teamed up with GIC Real Estate to buy a prime residential site in Tianjin, China for 1.16 billion yuan ($226.1 million).
The site in Jinnan District will provide 364,787 square metres of gross floor area.
GIC Real Estate is the property arm of Singapore wealth fund Government of Singapore Investment Corp (GIC.UL).
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BlackBerry knocked out of Top-5 sellers by China’ ZTE
January 29th, 2011 |
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China’s ZTE Corp. has replaced BlackBerry maker Research In Motion (RIM) among the world’s top five mobile phone sellers. According to a report released Friday by tech research company IDC, the low-priced cellphone maker ZTE also pushed Apple to the last spot on the Top-5 list on the back its surging sales. The report “Worldwide [...]
Jade Technologies posts modest net profit for 1Q
January 28th, 2011 |
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Jade Technologies Holdings, the titanium dioxide manufacturer and distributor in China, reported a modest net profit of RMB 866,000 ($168,243) for the three months ended December 31, 2010 (1QFY2011) compared to a loss of RMB 3.4 million for the same corresponding period (1QFY2010).
This was achieved on the back of a significant improvement in revenue to RMB 36.2 million in 1QFY2011 from RMB 1.2 million in 1QFY2010, with the commencement of the group’s selling and distribution of titanium dioxide in mid-December 2009. In addition, for the period under review, the average selling price of titanium dioxide was RMB11,030 per ton as compared to RMB 9,435 in the previous corresponding period.
Sound Global wins 18 projects in Hunan
January 28th, 2011 |
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Sound Global says it has won 18 projects from a group of urban-rural waste water treatment plants in Changsha County, Hunan province, China, totalling RMB275 million ($53.5 million) in investments.
The projects include the investment, building, operation and transfer of 16 urban-rural waste water treatment plants (with a total capacity of 29,400 tonnes per day) with a concession period of 30 years.
Flops immaterial, Akshay Kumar on film signing spree
January 28th, 2011 |
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Action. Comedy. Multi-starrers. Flops, flops and more flops. Akshay Kumar might be yearning to roll out a decent hit since “Singh Is Kinng”, but experts say it is not the end of the road for the Bollywood star. “Akshay Kumar is a star and will remain a star irrespective of the fate of his films. [...]
Chasen Holdings bags China relocation contracts worth $11.4m
January 28th, 2011 |
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Chasen Holdings, the relocation specialist for sophisticated machinery and equipment, says its Shanghai unit has successfully clinched two relocation projects in China. The projects, which involve the relocation of TFT LCD plants, have a combined value of RMB58.45 million ($11.37 million).
The first project, worth RMB8.45 million, involves the turnkey relocation of a 3rd-generation LCD factory from Kunshan in Jiangsu to Changsha in Hunan. Services rendered by Chasen Hi-Tech will include packing and moving out from the Kunshan plant, transporting the equipment to and moving them into the Changsha plant. The project will be conducted from January to March 2011.
Longcheer posts 60% fall in 2Q net profit to $3m
January 27th, 2011 |
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Longcheer Holdings, the leading designer of mobile phones from China, says net profit attributable to shareholders fell 60% to RMB15.6 million ($3.03 million) for the three months ended Dec 31, 2010 (2QFY11).
Revenue declined 3% to RMB1 billion due mainly to decline in average selling prices although total shipment volume increased 40% from 5.76 million units in 2QFY10 to 8.04 million units in 2QFY11.
Guocoland posts 64% drop in 2Q net earnings to $21.6m
January 27th, 2011 |
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Guocoland says net earnings dropped 64% to $21.6 million for the second quarter ended December 31, 2010 (FY2010) on the back of a 55% decrease in revenue to $162.8 million. The was led by lower sales contribution from its development projects in China. Meanwhile, share of profit from associates increased by $5.9 million in 2QFY2010, mainly due to higher share of profit from a Singapore associate after the successful sale of a penthouse unit in the quarter.
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Coal in Indonesia: Two dynasties, several pits
January 27th, 2011 |
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Messrs Rothschild and Bakrie team up to dig coal
COAL is so popular that it makes for odd bedfellows. In November Nat Rothschild, a member of a prominent European banking dynasty, announced a tie-up with one of South-East Asia’s most controversial tycoons. Aburizal Bakrie (pictured) is the patriarch of a scrum of companies with interests in everything from agriculture to shipping. He is also a powerful politician who may well run for Indonesia’s presidency in 2014.
Indonesia is the world’s largest exporter of thermal coal. The Bakrie Group controls some of its choicest mines. Since these are conveniently located a shortish sea trip from the ravenous power plants of China and India, they are tempting to investors. …
The coal boom: Burning ambitions
January 27th, 2011 |
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What is good news for miners is bad news for the environment
IN RICH countries, where people worry about air quality and debate ways of pricing carbon emissions, coal is deeply unfashionable. Elsewhere demand for the dirty rocks has never been stronger. The International Energy Agency (IEA) reckons world consumption will increase by a fifth over the next 25 years, assuming governments stick to their current climate-change policies. A new age of coal is upon us.
The IEA estimates that China, which generates more than 70% of its electricity with coal, will build 600 gigawatts (GW) of coal-fired power capacity in the next quarter-century—as much as is currently generated with coal in America, Japan and the European Union put together. Nomura, a Japanese bank, thinks that may be an underestimate. It reckons China will add some 500GW of coal-fired power by as early as 2015, and will more than double its current generating capacity by 2020. It expects Indian coal-fired power generation to grow too—though more slowly. …
Singapore’s Li Heng says hit by China anti-dumping duties
January 27th, 2011 |
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Singapore-listed Chinese textile firm Li Heng Chemical Fibre Technologies (LHCF.SI) said on Thursday it will be hit by China’s move to impose anti-dumping duties on caprolactam imports from the United States and European Union.
Caprolactam is a major raw material used in the production of polyamide chips that Li Heng needs for its nylon yarn products.
Shares flat at midday, China’s property curbs weigh
January 27th, 2011 |
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Singapore shares were flat at midday on Thursday, weighed by China’s fresh measures to cool the property market, but container shipping firm Neptune Orient Lines (NEPS.SI) led gains on hopes it will report strong earnings.
By the midday break, the Straits Times Index (STI) <.FTSTI> was up 3.26 points at 3,224.04. The total value of shares traded in the morning session was $838.8 million, up from $815.1 million on Wednesday.
Yanlord falls on China property measures
January 27th, 2011 |
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Shares of Singapore-listed Chinese property developer Yanlord Land (YNLG.SI) fell as much as 3% to a seven-month low on Thursday after China unveiled fresh measures to curb property prices.
At 11:50 a.m., shares of Yanlord were 2.4% lower at $1.60 with over 3.1 million shares changing hands.