East Asia and Pacific
Forbes have been using 'Doing Business' as a stock-picking guide:
We singled out the five countries, excluding the U.S., that scored above average in all the "Doing Business" criteria. Then we mined our databases for ten reasonably valued, U.S.-listed stocks issued by companies hailing from those countries.
The Asian Development Bank has released an updated version of their 2005 Asian Development Outlook - originally released last April. This new version projects regional GDP to grow by 6.6% this year, slightly up from their original 6.5% prognostication. The highlight is an entire new section dedicated to the challenge of higher oil prices in a region of both energy guzzlers and net exporters.
1. Hangzhou -- A Marco Polo favorite
2. Wuxi -- Industrial hub near Shanghai
3. Shanghai -- China's international business capital
4. Dalian -- Popular among Japanese investors
5. Beijing -- Hosting the 2008 Summer Olympics
6. Suzhou -- Multinational manufacturing mecca
7. Ningbo -- Big port rivals nearby Shanghai
8. Nanjing -- Military city finds new success
An early sign of wealth is that once-attractive jobs are left unfilled. Indian call-centres are said to be struggling to recruit, says The Economist:
FDI will continue to grow in the short and medium term, according to UNCTAD's most recent Global Investment Prospects Assessment.
Vivek heads to college on his Yamaha motorbike with a frown. Upcoming exams are not his concern - it is a hand-held gadget the traffic police have started using.
Bangalore...is the first city in India to be given the Simputer to fine traffic offenders. Described as "the people's computer" for its affordable price and ease of use, this paperback-sized console can fine traffic violators even for previous offences.
The New York Times suggests that unnecessary red-tape may be partially to blame for the poor performance of Indonesia’s energy exports: