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China & India, 40% of the world's population
India’s Singh Visits Myanmar to Discuss Trade, Connectivity and Energy
Indian Prime Minister Manmohan Singh held talks and signed a slew
of agreements with Myanmar’s President Thein Sein on Monday.
Singh's visit marked the first time an Indian leader has traveled
to the strategically located country in 25 years.
Photo: Reuters
India Presses China to Open Consulate in Lhasa
May 28 – India has requested the reopening of its consulate in Lhasa in response to a diplomatic request from the Chinese government to establish a presence in Chennai. India maintained a consul in Lhasa until 1962, at which time it was closed following the border war between the two nations. Lhasa had long been a major trade route for Western Chinese products passing through en route to India and for export via the port at Calcutta, while Lhasa had served as a trade hub for Indian products going the other way. The city was a major point along the … Continue reading
New Pipeline Agreement, Visa Regime Improve India-Pakistan Relations
In an important moment for India-Pakistan relations, both nations have signed a commercial agreement to buy natural gas from Turkmenistan, which will be shipped from a pipeline that travels through Afghanistan, Pakistan and into India. This long-delayed project, commonly referred to as the TAPI Pipeline, is worth over US$7.6 billion. Continue reading
Shanghai Cooperation Organization Set to Expand
The Shanghai Cooperation Organization, the six-nation Central Asia security bloc, is to expand in two directions - firstly by admitting Afghanistan as an observer and Turkey as a dialogue partner, and then to possibly develop its remit to include trade and economic partnerships. Continue reading
China and India Vie for Energy Security
The competitive relationship between China and India has become a
defining feature of the strategic environment across emerging
Asia. While both nations are currently not in direct conflict,
there are several areas of strategic interest which could
potentially be clashing points in the future. Energy security is
one such point.
Photo: Tim Hall/Getty Images
Goldman Sachs Secures Biggest Ever Office Lease in India
May 25 – U.S. banking group Goldman Sachs has signed a deal to lease 1.6 million square feet of office space in Bangalore, in the biggest recorded commercial property deal to date in India. The space is equivalent to nine full sized football fields. The deal will see the bank initially taking up 1 million square feet followed by another 600,000 square feet in two years. The space, housed in a purpose-built block of three buildings for Goldman, is located on Bangalore’s Sarjapur Outer Ring Road, and is being built on 14 acres by a local developer. Completion is set for … Continue reading
Indonesia to Overhaul its Transport Infrastructure
The Indonesian government has announced plans to overhaul their
unreliable transport system. The ambitious plans will cost more
than 800 million rupiah, or US$110 billion, to upgrade
Indonesia’s railways, roads, airports and seaports.
Photo: Murray Lines
Overseas Income Now 75% of Singapore Corporations’ Revenue
May 24 – Singapore companies are now pulling in just under 75 percent of their total revenues for operations external from the country, the Singapore Import-Export Agency has confirmed. That is a rise from 64 percent last year and indicative of the Southeast Asian city-state’s increasing popularity as a regional tax haven – the country levies no income tax on profits or dividends earned overseas. The Singapore Import-Export Agency also found that 67 percent of Singaporean SMEs intend to expand their overseas business within the next 12 months, and some 73 percent of them will be expanding their operations into Asian … Continue reading
Australia, Malaysia Sign Free Trade Agreement
Australia and Malaysia signed a free trade agreement yesterday
that brings about a considerable easing of tariffs and trade
between the two countries. The agreement covers 97 percent of all
goods, including small cars, rice and wine. Some 99 percent of
these products have had tariffs reduced to zero.
Photo: Abdullah Yusof, New Straits Times
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