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April 28, 2008
 

Asia Insider

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


NEWS  THIS WEEK'S TOP ASIA STORIES

IBM vs. Tata: Who's More American?

The Indian giant's TCS makes most of its money in the U.S., while Big Blue does the bulk of its business abroad

Inside: This Week In Asia
Consider this: India's Tata Consultancy Services collected 51% of its revenues last quarter from North America while 65% of IBM's sales came from abroad. So which company is more "American"? Read this week's Asia Insider for a look at the different strategies of the two companies as they negotiate the current global economic turmoil.

Also in this issue: our Asian Travel Special Report; China's Olympic construction boom; Russia's phone companies come to Asia; and Samsung's chairman steps down. Enjoy!
--Cristina Lindblad, Asia Editor

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  MORE ASIA NEWS
ARCHITECTURE
Good Design, Good Business in China
Preservation, environmental awareness, and community were paramount for winners of this year's BusinessWeek/Architectural Record China Awards

EYE ON ASIA
Olympic Jitters Start Affecting Hong Kong
Business people going from the mainland to Hong Kong can only get single-entry visas from now until after the Olympics

BEIJING OLYMPICS
Behind China's Anti-Foreigner Fever
Much of the anger has been directed at CNN for its allegedly biased coverage of protests in Tibet and along the route of the Olympic flame

RETAIL
France's Carrefour Feels China's Ire
The world's No. 2 retailer is facing a boycott because of pro-Tibet protests in Paris and President Sarkozy's threat to shun Olympic ceremonies

MEDICINE
Chinese MRIs, Coming to Your Hospital
The heparin scare notwithstanding, multinationals are strengthening their ties with the Chinese medical industry

FINANCE • From FinanceAsia.com
Hong Kong's IPO Market on the Upswing
Pre-IPO shareholders cash in $702 million worth of shares in Belle, while an undisclosed seller offloads $87 million of stock in Shenhua Energy

TELECOM • From China Economic Review
China's Telcos Are Ready for a Revamp
Analysts expect robust growth for the country's mobile operators, such as China Mobile and China Unicom, but the fixed-line sector is shrinking

TELECOM
Russian Telcos Look to Asia for Growth
After a decade of rapid advances in the former Soviet Union, Russia's mobile operators are placing big bets in India, Vietnam, and elsewhere

TELECOM • From Telecom Asia
India Imposes New Rules for Telecom M&A
The maximum market share of any joint venture has been limited to 40% of the country's subscriber base

TELECOM • From Economic Times of India
AT&T in Talks to Re-enter Indian Cellular Market
The return to the subcontinent could come if the carrier is successful in buying Maxis Communications' 74% stake in Aircel

FINANCE • From Asian Investor
Wealth Managers Target Overseas Indians
The managers are reaching potential clients with a range of strategies, including joint ventures, distribution agreements, and expansion of operations in India

FILM • From Economic Times of India
Bollywood Calls for Tougher Anti-Piracy Policies
The film industry's trade group is asking for a crackdown on vendors who sell pirated DVDs and other media at train stations

CORPORATION
Scandal-Plagued Samsung Chairman Quits
Lee Kun Hee steps down after being charged with tax evasion. Reaction among watchers is mixed; shares didn't budge

CORPORATION • From FinanceAsia.com
IBM Sells Lenovo Shares at a Discount
The sale of $84 million worth of shares, at a 6% discount to the Apr. 21 closing price, cut Big Blue's stake in the Chinese PC maker to 6.2%

TECHNOLOGY
Opening Up The Wii
The WiiWare Channel will feature games created by independent developers. It's win-win for both Nintendo and game designers

TECHNOLOGY
More Delays for PlayStation Home
The 3-D online social networking service is now a year late as Sony tries to provide gamers with a Second Life-type experience

AUTOS
What Could Dull Toyota's Edge
In the aftermath of the Big Three's cost-saving deal with unions, its U.S. plants must play catch-up

FINANCE
Steel Partners Off the Sauce in Japan
After battling for reforms for years, the U.S. private equity fund will sell its shares of Bull-Dog Sauce. Foreign funds may have to adjust their strategies

SPECIAL REPORT
Asia Travel


SPECIAL REPORT
Surprising Asian Adventures
No longer off the beaten path, Asian destinations can still provide the thrill of discovery

SPECIAL REPORT
In Bhutan, Trekking in Style
Four days on the trail, high in the Himalayas, in one of the most remote and unspoiled spots on earth, with all the comforts of home

SPECIAL REPORT
A Culinary Tour Through Taipei
You don't need four-star restaurants to sample Taiwan's delicacies. Stalls, night markets, even cafeterias can serve up a gourmet's dream

SPECIAL REPORT
India's Top Five Yoga Centers
A guide to India's most famous yoga institutes for the serious student of the practice

TECHNOLOGY • From ZDNet Asia
Singapore Aims to Be a 'Media Hub'
Recent TV production and game development deals with international companies are cited as evidence of the industry's regional growth

SPECIAL REPORT
Boutique Hotels Make the Scene in Shanghai
For accommodations more intimate and unique than skyscraper lodging, the Chinese metropolis has these five luxury boutique hotels

SPECIAL REPORT
Ritz-Carlton's China Challenges
The luxury hotel chain is well established in China and is expanding fast to new cities. It looks forward to a big boost from the Olympics

SPECIAL REPORT
Trekking Bhutan: Along the Dragon Path
The best way to see one of the world's most beautiful countries is on foot. The four-day Druk Path trek isn't for everyone, but the rewards are great

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  BLOG Eye on Asia >>

openquote

Some good news for Indians hoping to build a semiconductor industry in the country. While plans to build India's first serious chip plant seem to be stalled, the chip-design business is doing quite well, thank you very much. closequote


--Bruce Einhorn
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