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Jun. 9 – A weekly look at important regional news.
India Protests Fake Chinese Drugs Labeled ‘Made in India’
New Delhi has lodged a protest to the Chinese mission in Nigeria and China’s foreign trade ministry because of a large seizure of fake anti-malarial generic pharmaceuticals labeled `Made in India’ were actually found to have been produced in China. (India Briefing)
Report: Salaries in Vietnam are the Lowest in the Region
According to a Japan External Trade Organization (JETRO) report, the amount spent by companies on wages, land rent and power in Vietnam last year was competitively lower compared to other countries in the region. (Vietnam Briefing)
U.S. Reporters Sentenced to 12 Years in N. Korea
Laura Ling and Euna Lee, U.S. journalists arrested in North Korea while covering defectors living along the China-North Korea border, have been sentenced to 12 years in labor camps, North Korean state media reported. (Communist Tax Lawyer)
China, Malaysia Consider Trading in Local Currencies
Malaysia and China may consider doing trade in Chinese yuan and Malaysian ringgit, said the Malaysia’s prime minister during a press briefing. (2point6billion.com)
Deconstructing the Bharti-MTN Deal
The proposed merger of Bharti and MTN is likely to make the resulting telecom the world’s third largest mobile operator after China Mobile and Vodafone in terms of number of subscribers. (India Briefing)
In Bankruptcy, GM’s Asian Operations Provide Support and Hope
General Motors announcement on Monday that the company was filing for Chapter 11 bankruptcy protection was not only a stark reminder of the financial and economic global recession, but clear sign of the future of the automotive industry in the United States, and the world. (2point6billion.com)
