UK COZIES UP IN MYANMAR
British PM David Cameron's stopover in Myanmar and pledges to push for suspension of sanctions offered a foretaste of how financially challenged European Union states will vie for the country's untapped riches and markets. Exploiting Naypyidaw's rift with China, Cameron likely told Myanmar's leaders that the UK can do more to strengthen economic democracy.
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INDIA ALLOWS DIRECT INVESTMENT FROM PAKISTAN
Business ties between India and Pakistan looked set to deepen after their commerce ministers indicated that India was open to inviting foreign direct investments (FDI) from Pakistan.Both the countries have also agreed in principle to allow opening of bank branches to facilitate financial transactions and ensure smooth trade.
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NETQIN LOOKING OVERSEAS
NetQin Mobile Inc, China's leading mobile security company, is poised to become the world's number one provider of mobile security services. Overseas markets helped NetQin generate about half of its revenue in 2011, according to its fourth quarter financial report. A recently launched cloud computing project is expected to help NetQin upgrade its customers, especially in overseas markets.
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CHINESE PREMIER TO VISIT ICELAND, SWEDEN, POLAND, ATTEND HANNOVER MESSE 2012
Premier Wen Jiabao's upcoming European visit will further promote friendship and pragmatic cooperation with Central and Eastern European (CEE) countries.Wen will pay official visits to Iceland, Sweden and Poland and attend the opening ceremony of Hannover Messe 2012, which will be held in Germany from April 20 to 27.During his stay in Poland, Wen will meet with the leaders of several CEE countries and attend the China-Central and Eastern European Countries Economic and Trade Forum.
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S.KOREA OPENS MARKET TO PHILIPPINE POULTRY
South Korea has agreed to open its market to Philippine poultry products after declaring them safe. South Korea’s poultry industry has been affected by the dreaded avian flu or bird flu, which is caused by viruses that occur naturally among birds.The Philippines is one of the few countries in Asia that remains free from avian flu, which has led to multibillion-dollar losses in the global poultry industry.The opening of South Korea to local chicken products is one of the important points discussed during the Philippines-South Korea bilateral meeting on agriculture held in Manila in November last year.
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INDIA MULLS OVER 49% OVERSEAS SHARE IN AIRLINES
India this week may make its delayed decision on whether to allow 49% foreign ownership of its airlines. The cash would be welcome but more than overseas funding is needed to rescue the country's struggling US$12 billion civil aviation industry.
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CHINA'S MOVIE SECTOR BECOMES SECOND-LARGEST IN THE WORLD
China overtook Japan as the world's second-biggest cinema market in the first quarter of the year thanks to the breakneck growth of the nation's film industry, but its overwhelming reliance on the box office showed both its huge potential and immaturity. Despite its rapid growth, China's film industry is still largely untapped as the average Chinese person only goes to cinema 0.3 times per year, compared with over five times annually in Iceland, the top movie-going country.
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