Saturday May 25 2013

Content about China Daily Asia Weekly

April 2, 2013

An aspiring journalist turns a new page in his career to become managing director of Tourism Australia.

Andrew McEvoy makes no apologies — he is passionate about Australia. “It’s a magnificent country. A country which has been taken for granted by many Australians,” the country’s tourism chief says.

“But all that is changing now. Australians have woken up to the fact that there is a lot to see and do right here … at home.”

At 48, some would say he has one of the best jobs in Australia.

March 1, 2013

Indian pioneer ventures from accountancy to then new IT sector, gaining a global foothold in the industry.

Information technology (IT) is all about innovation. Vish Iyer can’t agree more.

Mobility, social media and big data are all hot-button topics. Cloud computing frees up people from the desk, so an IT system can be managed even on the road. “For a bank, it could be payment via Internet banking or mobile phone,” says the high-flying corporate executive, dapper in a light purple shirt.

January 18, 2013

Decision to lay aside the palette and tickle the palate puts BreadTalk founder George Quek on a roll.

George Quek is a hard man to pin down, given his jam-packed schedule of meetings and traveling. Weeks and several postponed meetings later, China Daily Asia Weekly finally sits down with the man behind one of the biggest food and beverage (F&B) empires in Singapore.

Despite his hectic schedule, Quek has a Zen-like aura, not unlike the art masters he admires. Running his business empire takes up most of his time these days.

November 30, 2012

scion of a prominent Singapore family, Laurence Lien gave up a highflying civil service career in order to help people.

Laurence Lien’s path was set by the time he was 19. He had just completed his pre-university studies and had won an Overseas Merit Scholarship from the Public Service Commission. Four years later, he bagged a Singapore Government Scholarship. The prestigious scholarships stand testament to Lien’s abilities. After completing a bachelor’s degree in Oxford University, Lien returned to Singapore and began his career in the civil service.

April 5, 2013

Earlier we asked you, our readers, for your opinion about China Daily Asia Weekly.

Editor’s Note: Earlier we asked you, our readers, for your opinion about China Daily Asia Weekly. Your responses have been most encouraging. A good 96% of you have said you are satisfied or very satisfied with the paper. Between 93% and 80% of you like each of the different features we present, such as News Briefs, Cover Stories, China Business and so on.

April 5, 2013

Debt levels are rising on the back of cheap credit as capital looks for higher returns in emerging markets.

Is Asia heading towards another debt crisis?

It is a question many economists are asking themselves as low interest rates and cheap credit has sparked an explosion of debt around the region.

The threat of another debt crisis in Asia will be a central topic of discussion over the weekend at the start of this year’s Boao Forum.

One of the sessions at the three-day conference will focus on the debt crisis in Europe and the US and its impact on the global economy and asks: who’s next?

April 2, 2013

As piracy wanes in Africa, Asian countries need to stay alert with the threat remaining strong.

Two years ago the waters off the East African coast were the most dangerous in the world for commercial shipping.

Super tankers, bulk carriers and container ships were regularly attacked by heavily armed modern-day pirates operating from ports along the war-torn coast of Somalia.

The typical ship-hijacking scenario is that cargo and crew are held captive as the pirates negotiate ransoms with insurers and shipowners that run up to extortionate amounts. The cost to the shipping industry runs into the billions of dollars annually.

March 22, 2013

Tan Twan Eng’s decision to shelve a career in law for writing has paid off with award-winning results.

“I’ve always been asked how important literary prizes are, and I must shamelessly say they are bloody important,” said Tan Twan Eng, on stage at a black-tie prize dinner in Hong Kong, surprising his audience.

The Malaysian lawyer-turned-writer has won the 2012 Man Asian Literary Prize, the region’s most prestigious literary award, for his second novel The Garden of Evening Mists, a story set in the aftermath of the Japanese occupation of Malaya.

March 8, 2013

Once flat-footed towards Asia, Australia is now seizing opportunities there, especially in China.

Barry O’Farrell looks out his office window in Sydney’s parliament house and reflects on the question whether Australia has been clumsy in its engagement with Asia.

The premier of Australia’s most populous state, New South Wales (NSW), turns and says: “The late Indian prime minister Rajiv Gandhi once said Australia had to decide whether it was part of Asia or not.

“Yes, I think we have been flat-footed in our approach to Asia but that has changed, especially with the emergence of China.

March 1, 2013

Asia Pacific, the world’s most disaster-prone area, wakes up to the growing cost of damage.

Almost three months after Typhoon Bopha cut a destructive swathe through Mindanao in the southern Philippines, nearly 200,000 people are still waiting to be housed.

The International Committee of the Red Cross has appealed for $30 million in additional funding to support its aid operation in the disaster-hit region as the government prepares to relocate tens of thousands of families to areas less prone to natural disasters.

In January, the Indonesian capital, Jakarta, saw some of its worst flooding in years amid warnings that it will intensify.

February 22, 2013

Young Chinese consumers with disposable income and taste for carats signal growth to tel aviv.

As the head of the Smart Middle East Forum and chair of the Leadership Empowerment Society, Eli Avidar’s usual schedule is never less than busy. But now, it borders on the hectic as the 48-year-old, who is also managing director of the Israel Diamond Institute Group of Companies (IDI), a non-profit, public interest company in Tel Aviv representing all organizations and institutions involved in Israel’s diamond industry, gets ready for a special event.

February 8, 2013

From spectacular parades to dragon dancing, Lunar New Year is celebrated across the Pacific.

Sydney has the distinction of hosting one of the biggest Chinese New Year festivals outside China and will be one of the key destinations for more than 80,000 Chinese who are expected to make their way Down Under to ring in the Lunar New Year.

This year promises to be the biggest yet with more than 3,500 people taking part in the Twilight Parade on Feb 17 that will weave its way through the city and finish in Sydney’s historic Chinatown.

Festival director Gill Minervini says she expects more than 100,000 people to watch this year’s parade.

January 8, 2013

Recovering Chinese manufacturing sector indicates growth but global demand holds key.

The growth of global commodities markets might slow down in 2013 in many major economies because of policy uncertainties, some analysts predict, while others foresee signs that the world economy as a whole is gradually regaining strength.

“A recovering Chinese manufacturing sector, coupled with favorable eurozone headlines and a general improvement in risk sentiments, clearly benefited growth-related commodities like crude oil,” says Barnabas Gan, analyst at Oversea-Chinese Banking Corporation (OCBC), in his commodity outlook report.

December 7, 2012

Opinions divided within mainstream medical profession as Australia legislates TCM practitioners.

Traditional Chinese medicine (TCM) is not new to Australia.

When Chinese started to settle in Australia in the early 1800s, they brought with them their own medicines, says Yifan Yang, principal of Sydney Institute of Traditional Chinese Medicine.

“Today, Chinese and indeed many non-Chinese, are using Chinese herbal medicines and acupuncture. It is not a substitute for conventional, mainstream medicine but an alternative,” he tells China Daily Asia Weekly.

November 23, 2012

Many Chinatowns came up in the colonial era and while some faded away, others are thriving.

Most major cities in Asia have a Chinatown abuzz with activity.

It may be one street distinguished by a Chinese archway or several blocks but the hustle and bustle and the smells from restaurants and vegetable and produce stores will be the same whether the Chinatown is in Yokohama, Manila or Sydney.

Excepting Manila’s Binondo, most Chinatowns were products of Japanese and European colonialism in the 19th and early 20th centuries coupled with gold rushes in California and Australia.

November 2, 2012

Amid the eurozone crisis and the US fiscal cliff, China-led Asia will gain greater prominence on the global stage, leading economists say.

Amid the eurozone crisis and the US fiscal cliff, China-led Asia will gain greater prominence on the global stage, leading economists say.

However, Asia needs measures to deal with growth-associated risks such as capital inflows, which could create bubbles, or widen income inequality.

Banthoon Lamsam, president and CEO of Kasikornbank, said the market economy had resulted in continued prosperity in the Western hemisphere, but reckless growth created bubbles and gave way to the rise of Asia.

October 5, 2012

Though education is expensive, the quality of life and job opportunities make it attractive for foreign students.

When Shimeng Zhang graduated from the United International College in Zhuhai in China’s Guangdong province just over a year ago, she was eager to continue her studies in journalism overseas.

“The three countries I looked at were Britain, the US and Australia,” says the 23-year-old, who is now in her second semester of a journalism degree at the University of Technology Sydney (UTS).

September 28, 2012

Formula One revs up Singapore’s tourism, investment and net economic output

This good news for F1 fans around the world came in a joint media conference by billionaire F1 supremo Bernie Ecclestone and Singapore’s Second Minister for Trade and Industry, S. Iswaran, on September 22.

“The negotiations have taken some time because all parties had specific objectives and wanted to arrive at a mutually beneficial outcome,” Iswaran said at the conference. “Our view is that F1 has been good for Singapore… Equally, we believe that Singapore has also been good for F1.”

September 21, 2012

Investors prefer to wait and watch as European chill dampens Asian regional market

Private equity in Asia is starting to feel the European chill, resulting in a more selective and cautious deal environment throughout the region.

Data compiled by the Hong Kong-based Centre for Asia Private Equity Research show private equity fundraising in the region fell 21 percent in the first six months to the year to $21.6 billion, compared to the same period last year.

September 14, 2012

With persistence, synergies, public-private partnerships and some luck, tourism has emerged as a powerful contributor to economic growth around the world.

With persistence, synergies, public-private partnerships and some luck, tourism has emerged as a powerful contributor to economic growth around the world.

But wrinkles remain — wrinkles that delegates to the Global Economy Tourism Forum (GTEF) held in Macao from Sept 9-11 sought to identify and, perhaps, begin to address.

September 7, 2012

From Ningbo to Kandla

The ancient port city of Ningbo, rising from the Yangtze River Delta and gazing down on fleets of stately ships sailing by with their precious cargo of coal, grain and oil, did not know that it had an alter ego.

Last year, when Utpal Sharma, dean, faculty of planning and public policy at the Centre for Environmental Planning and Technology (CEPT) in India’s Gujarat state, visited the 2,300-year-old Chinese city, he realized how similar it was to India’s Kandla, one of the major ports in western India with a key role in driving international trade.

August 24, 2012

With the continent facing crippling shortages, will Asians learn how to manage a priceless yet undervalued natural resource, water?

The Yellow River comes alive with the plaintive strains of Kekexili, the popular song about the beautiful natural scenery of the Kekexili region on the Qinghai-Tibet Plateau and the chiru, the Tibetan antelope.

It is part of a two-hour concert in Guide county’s Qinghai province to mark World Day to Combat Desertification and Drought.

August 17, 2012

New Zealand’s tourism chief hopes new Hollywood trilogy will promote his country the way The Lord of the Rings films did.

Tourism New Zealand’s chief executive Kevin Bowler loves a challenge.

Two years ago when he was offered the job, he did not think twice about accepting.

“For me the challenge is how best we position New Zealand as a tourist destination,” Bowler tells China Daily Asia Weekly.

Australia still provides the bulk of New Zealand’s visitors — about 1.2 million a year — but tourism numbers are also booming with visitor arrivals from China up 19 percent and rising.

August 17, 2012

Smartphones are revolutionizing daily commerce across the globe, with Asia leading the pack.

A rice farmer in rural China pays for fertilizers using his mobile phone. A merchant in Shanghai transfers money to a supplier the same way.

These scenes are repeated across Asia daily as more and more people use their mobiles to pay bills, check bank balances or simply pay for a product or service.

The mobile phone revolution just a few decades ago not only changed the way we communicate but has had a profound impact on daily commerce.

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