Mideast investors back Malaysian halal zone

19 May

Posted by admin as Asia, Investment

Malaysia’s Sarawak state has received 1.4 billion ringgit ($438.2 million) in foreign investment for a proposed new zone making halal products, Chief Minister Abdul Taib Mahmud told reporters on Monday.
He was speaking on the sidelines of a conference on halal products ranging from food to pharmaceuticals. “To date we have received shows of interest for [...]

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Globalization’s Victors Hunt for the Next Low-Wage Country

16 May

Posted by admin as Asia, China, Economy

What can Western companies do when China’s factory workers start demanding better wages and conditions? Easy — just transfer production to a cheaper country. China’s loss is Vietnam’s gain.The world’s manufacturing powerhouse needs new low-wage workers, which is why the man in the dark suit is talking himself hoarse. “Do not delay,” he calls out [...]

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China relieved, hails torch relay as success

08 May

Posted by admin as Asia, China, Olympics

New Delhi, April 17 (IANS) Chinese officials have hailed the “successful and peaceful” relay of the Beijing Olympic torch through the Indian capital Thursday that belied their anxieties about Tibetan protesters marring the show. “The torch relay has been successful and peaceful. We are happy and relieved at the way it has gone,” a Chinese [...]

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China sees export growth of electronic, information products slow in Q1

07 May

Posted by admin as Asia, China, World Trade

BEIJING, May 6 (Xinhua) — China’s foreign trade of electronics and information products reached 201 billion U.S. dollars in the first quarter of this year, a growth of 17.7 percent year-on-year. The growth rate was 6 percentage points lower than the year-earlier level, according to figures released by the Ministry of Industry and Information.
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China’s Alibaba forms strategic alliance with India’s Infomedia

07 May

Posted by admin as Asia, China, Retail, World Trade

HANGZHOU, May 6 (Xinhua) — China’s B2B e-commerce portal alibaba.com has entered into a long-term strategic partnership with Infomedia, India’s largest yellow pages and special interest publishing company, Alibaba announced on Tuesday.
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Chinese, Japanese leaders agree to exchange regular visits

07 May

Posted by admin as Asia, China, Economy, Japan

TOKYO, May 7 (Xinhua) — Chinese President Hu Jintao and Japanese Prime Minister Yasuo Fukuda agreed Wednesday to establish a mechanism for a regular exchange of visits between leaders of the two countries in an effort to enhance bilateral ties.Hu, who is on a five-day “warm-spring” state visit to Japan, held official talks with Fukuda [...]