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Archive for December, 2013

China Allows Private Capital in Telecom

(Updated: 2013-12-26) China’s Industry and Information Technology Ministry (MIIT) granted licenses to 11 private enterprises to pilot resale of certain mobile services. The move will enable the firms, including e-commerce giant Jingdong Mall, to partner and compete with the backbone operators through the resale of mobile services, marking a breakthrough for China to further open […]

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Posted in: China

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Orders for Durable Goods Surged 3.5% in November

(Updated: 2013-12-24) Orders for long-lasting manufactured goods surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the American economy. While another report on Tuesday showed new-home sales slipped in November, sales in October were revised to show the […]

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Posted in: USA

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Retailers May Have Happy Holiday After All

(Updated: 2013-12-16) More Americans now say they are loosening the purse strings in advance of the holiday season, and fewer say they are tightening their belts, according to a recent Citi national survey. Only 35% said they would be spending less than last year, reflecting the lowest level of holiday budget cutbacks since the financial […]

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Posted in: USA

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Myanmar Begins Implementation Of Its Biggest Special Economic Zone Project

(Updated: 2013-12-11) Myanmar has begun implementation of Myanmar’s first biggest Thilawa Special Economic Zone (SEZ) project recently in the outskirts of Yangon with the first phase of the project covering 400 hectares out of the overall 2,400 hectares. The Thilawa SEZ, jointly developed by Myanmar and Japan, is a crucial one out of Myanmar government’s […]

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Posted in: Myanmar

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China’s Agriculture Head Clarifies Land Reform Policies

(Updated: 2013-12-08) China’s top agriculture official on 6th Dec called for “comprehensive understanding” of the land reform package outlined last month after various interpretations since the announcement prompted concerns that the policy may go off track. Among the key reform decision publicized last month by the Communist Party of China Central Committee, issues concerning rural […]

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Posted in: China

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