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January 28, 2008
 

Asia Insider

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


NEWS  THIS WEEK'S TOP ASIA STORIES

He Works Hard for the Money

In China, Camry salesman Lin Baojia nets $14 for every car he moves—if the buyer loads up on extras

Inside: This Week In Asia
Customer service is everything. Especially at Toyota's dealership in Guangzhou, where Camry salesman Lin Baojia goes all out to coddle prospective buyers. Lin even offers his own version of a roadside assistance plan: He gives out his cell number to Camry buyers so they can call him if something goes wrong with the car. Read this week's Asia Insider for more of our insights into China's hyper-competitive car market.

Also in this edition: the new global reach of U.S. community colleges; the silver lining some investors see in a broken market; and the search continues for an iPhone partner in China. Enjoy!
--Cristina Lindblad, Asia Editor

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  MORE ASIA NEWS
AUTOS
Chinese Carmakers Eye America
Companies like Changfeng won't risk rushing into the U.S. market. But tiny ZX and its distributor CHAMCO could be selling cars in Detroit by '09

AUTOS
Big China Plans for Japan's Big Three
Toyota, Nissan, and Honda are ratcheting up the pressure in the world's fastest-growing auto market

FOCUS ON HR
Toyota Trains India Teens
The carmaker's Bangalore institute aims to give poor teenagers a leg up and produce skilled workers for the subcontinent's auto boom


Two-Year Colleges Go Courtin' Overseas
U.S. community colleges are reaching outâ?"way outâ?"and students from around the world are rolling in

FINANCE
China Worries Worsen Asian Plunge
Stock markets in Asia continue to plummet on concerns about a U.S. recession and a slowdown in China's economic growth

ECONOMICS
China Would Welcome a U.S. Slowdown
It would weaken demand for Chinese exports and, in turn, help cool off China's overheated economy, which logged 11.4% GDP growth in 2007

ECONOMICS • From FinanceAsia.com
Looking for the Dollar's Rebound
As turbulence continues in the world economy, Hong Kong experts expect risk aversion will lead to new strength for the U.S. currency

SMALL BIZ
The Investor's Dilemma: Fight or Flight?
Despite Fed rate cuts aimed at shoring up confidence, investors have cashed out of the market. Some pros see opportunities amid the wreckage

FINANCE
India Investors Head for the Exits
Shares plunged 12% in the two trading days ended Jan. 22, as foreigners withdrew some $1.5 billion from the Mumbai bourse

FINANCE • From FinanceAsia.com
Fed Rate Cut Comes too Late for Asian IPOs
Changsheng and Cebu Air postpone their IPOs as Asian markets tumble, and another four deals due to price this week hang in the balance

IPO WATCH • From FinanceAsia.com
Despite Turmoil, Pepsi Launches Philippine IPO
The local bottler priced at the bottom of the estimated range, raising $111 million in the country's first listing this year

THE OUTLOOK • From S&P
Dollar Dependent
S&P: The weak U.S. currency has been a big driver of international equities' outperformance, but the buck's worst days may be over

MINING • From The Independent
BHP Billiton Readies Hostile Rio Bid
The Anglo-Australian mining giant secures financing from seven major banks to boost its bid for rival Rio Tinto to $127 billion

VENTURE CAPITAL
Nobuyuki Idei's Second Act
With his new consultancy, the ex-Sony chief aims to smash seniority silos, ease funding of startups, and improve Japan's competitiveness

TELECOM • From Telecom Asia
Apple Looking for New Chinese iPhone Partner
China Unicom and aspiring mobile operator China Telecom are the leading contenders after China Mobile halted talks with Apple

TELECOM • From Telecom Asia
Thai Telco AIS in iPhone Talks with Apple
AIS, in collaboration with SingTel and Australian mobile operator Optus, are discussing phone volumes, marketing terms, and business model partnerships for the iPhone

TECH TRENDS • From ZDNet Asia
Asia Reports 'Spectacular' PC Sales
The regional PC market, excluding Japan, shipped 66.6 million units last year, registering annual growth of 21%, according to research house IDC

OUTSOURCING • From ZDNet Asia
ETS Official: Indian Workers Need to Improve Spoken English
A vice-president of Educational Testing Service says that while Indian call-center workers read and write English well, in the global economy, many need to speak the language better

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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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