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January 14, 2008
 

Asia Insider

Keep up-to-date with the latest news from Asia


NEWS  THIS WEEK'S TOP ASIA STORIES

China's Spiritual Awakening

Why a growing number of successful urban professionals are flocking to Buddhism

Inside: This Week In Asia
Buddhism is booming. A growing number of Chinese celebs and urban professionals are becoming tired with their old toys of luxury and turning towards a more spiritual sense of fulfillment. Read this week's Asia Insider for a look into the rising engagement with Buddhism amongst the Chinese elite.

Also in this edition: Lenovo looks beyond its ThinkPad; how China's economy rebuff a U.S. recession; and oil hits $100 a barrell. Enjoy!
--Cristina Lindblad, Asia Editor

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  MORE ASIA NEWS
POLICY AND ECONOMICS • From China Economic Review
Can China's Economy Withstand a U.S. Slowdown?
Assuming economic troubles hit the U.S. alone, Beijing could be insulated by its increasingly diversified demand base, which includes Europe and Asia

AUTOS
Tata Unveils the World's Cheapest Car
The $2,500 Nano, met with extreme enthusiasm, will have lighter steel and innovative distribution. It also could further snarl India's roads

AUTOS
New Rivals for India's Top Auto Spot
A new Japanese management team at Maruti Suzuki plans to keep its No. 1 place against rival Tata and other newcomers

AUTOS
Ford Revs Up in India
The carmaker, looking to further exploit the fast-growing Asia market, has announced it will spend $500 million to boost production in Chennai

AUTOS
China Autos: Chery Keeps Accelerating
The mainland's No. 1 domestic carmaker is grabbing market share at home, growing fast abroad, and expanding its roster of alliances with Western companies

MARKET VIEWS • From S&P
Where the Stock Market Will Find Relief
Despite the year's lousy start, S&P expects Fed rate cuts and decent corporate earnings to lend support to stocks in 2008

IPO MONITOR • From FinanceAsia.com
Reliance Power Listing to Charge Up Indian IPOs
The spin-off from Reliance Energy is expected to attract strong demand even though it has no plants in operation

IPO MONITOR • From FinanceAsia.com
Competition for Chinese IPOs Heats Up
Hong Kong will maintain its competitiveness as a fund-raising platform for global capital in the next five years despite challenges from Shanghai and Shenzhen

FINANCE • From Asian Investor
Pimco Plans Asian Local Currency Fund
Questions remain as to the level of demand for the product from global institutional investors, says Brian Baker, Pimco's Hong Kong-based CEO

CORPORATION • From FinanceAsia.com
Swiss Re Buys Stake in Vietnamese Firm
The global reinsurance company is acquiring a 25% stake in VinaRe, Vietnam's only reinsurance firm

CORPORATION • From Asian Investor
Softbank Teams Up with China's Tsinghua University
A new investment fund created by the two partners has been approved by Chinese regulators

TECHNOLOGY & FINANCE • From ZDNet Asia
Asian Banks Look to Smart Cards for Microfinance Boost
The success of players such as Grameen Bank has spurred others in the region to expand their microfinance operations

TECHNOLOGY & FINANCE • From ZDNet Asia
Big Hopes for Korean Bank's New PC Credit Card
A new credit card that supports both USB and wireless should be a hit with Asian consumers, who favor devices that can plug into PCs

TECHNOLOGY
Blu-ray's High-Definition Knockout
Warner Bros. opts to back the Blu-ray high-def DVD format in a decision that could drive consumers away from the rival standard, HD DVD

INTERNET
New Fears for China's YouTube Wannabes
Starting Jan. 31, any company showing online videos in China will need a license, and only state-owned or state-controlled outfits qualify

NEWS ANALYSIS
Lenovo Thinks Beyond the ThinkPad
The rapidly ascendant PC maker is going beyond its business-user focus to the global consumer market. Coming soon: six new PCs

TECHNOLOGY
Matsushita Goes Totally Panasonic
The Japanese electronics maker has announced its intentions to merge all products under the more popular and recognizable brand name

ENTERTAINMENT • From ZDNet Asia
Motorola Buys Singapore Music Company
The handheld manufacturer will acquire digital music distributor Soundbuzz and will offer its service in India, Southeast Asia, Australia, and New Zealand

TECHNOLOGY • From ZDNet Asia
Android to Suit Asia's Emerging Markets?
Google's familiar brand name may make its Android mobile platform the system of choice across the sophisticated Asia-Pacific region

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BLOGEye on Asia >>

openquote

The hoopla around the People's Car sounds a bit like the buzz that surrounded another high-profile project to create an ultra-low-cost product for poor countries: Nicholas Negroponte's One Laptop Per Child project, aka the $100 laptop. closequote


-- Bruce Einhorn
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