Month: March 2017

South-East Asia – Myanmar

Myanmar's armed conflicts threaten to complicate and divert various regional integration schemes, including China's One Belt, One Road initiative By Christopher Briggs This week a super tanker steamed towards Myanmar’s Kyaukpyu port to offload the first consignment into an oil supply pipeline with the capacity to supply 260,000 barrels per day from the Indian Ocean … Continue reading South-East Asia – Myanmar

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Britain’s ‘blood cannabis’ shame – Human Trafficking

Authorities struggle to get to grips with crime gangs trafficking young Vietnamese into the UK to work in slave-like conditions on massive indoor marijuana farms By Richard Cook A 16-year-old Vietnamese boy, as yet unidentified, was found cowering in a bush next to a freezing roadside in Scotland in the middle of January. The boy, … Continue reading Britain’s ‘blood cannabis’ shame – Human Trafficking

China – Industrial profits up over 30% on SOE windfall gains

Strong upstream commodities rally helps state-owned sector contribute 23% of overall earnings   By Steve Wang   Profits in China’s industrial sector surged 31.5% during January and February, with the ruling Communist Party’s sprawling manufacturing business operations, propelled by a strong upstream commodities rally, responsible for half of a 234.3 billion yuan gain in earnings. … Continue reading China – Industrial profits up over 30% on SOE windfall gains

Cambodia – Auto parts makers steer toward Poipet

  For nearly two decades, Poipet was a one-trick pony, relying on the casinos huddled around its Thai border crossing for its economic fortune. But now a different type of cluster is emerging on the frontier town’s outskirts, where industrial parks are attracting predominantly Japanese manufacturers with a vision for a vast Southeast Asian supply … Continue reading Cambodia – Auto parts makers steer toward Poipet

Finance – China Opens Moscow Clearing Bank for Handling Transactions in Yuan

The establishment of a clearing bank in Moscow for handling transactions in Chinese yuan is an important step facilitating more bilateral trade and investment Russia and China are developing their economic co-operation with the establishment of a clearing center in Moscow for operations in Chinese yuan. The Industrial and Commercial Bank of China (ICBC) officially started operating as a Chinese renminbi clearing … Continue reading Finance – China Opens Moscow Clearing Bank for Handling Transactions in Yuan