From the monthly archives:
Air China, the largest airline in China, reported an amazing 147% increase in Q1 profits.
That is extremely impressive when you consider how rapidly fuel prices have risen this year. What it really tells you
is how rapidly growing air travel is in China.
Now, I wouldn’t rush out an invest in any Chinese airlines, but you should [...]
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China Railway Group, the largest construction
contractor in all of Asia, reported at 92% increase in its 2007 profits.
This Chinese building boom should spill over to China
Communication Construction too.
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I think the wettest I’ve ever been in my life was when I got stuck in a tropical monsoon in Singapore.
Despite that, Singapore is my favorite city in the world for both its food and vibrant economy. A lot of people feel
the same way because foreign visitors to Singapore increased
by 5.7% in March from the [...]
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The latest Q1
GDP figures for South Korea were released today and it showed a healthy but not-too-fast economy.
South Korea’s Gross Domestic Product increased by 0.7% in the first quarter of 2008. That isn’t very impressive on an
annualized rate and its far below many of its Asian neighbors.
There is a reason why our Asia Stock Alert [...]
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The Shanghai Composite index jumped by 9% yesterday and is up by 14% over the last two days. What the heck is up?
The Chinese government reduced the stock market trading tax from 0.3% to 0.1%, a move that will encourage more
investing and trading.
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The most expensive hotel room I’ve ever paid for was in Bangalore, India. For almost $700 a night, I got the equivalent
of a flea bag hotel.
The reason is that Indian have a very small number of hotel rooms. India has 86,000 hotel rooms in a country of 1.1
billion people. There are 4.3 million rooms in [...]
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Business is booming at Nintendo where Q1 profits jumped by 48% to $2.49 billion on a 73%
increase in sales.
Since the launch of the Wii in November of 2006, Nintendo has
sold 24.5 million Wiis, almost doubling the 13 million PlayStation 3 consoles that Sony sold in the same period.
Plus, Nintendo expects to sell 25 million additional [...]
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Geely is the largest auto manufacturer in China and
it has serious overseas ambitions .
It may take the Chinese a while to pass the Italians, but it sure looks like they plan on making the race very
interesting.
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One of the most popular displays at the Beijing Auto Show was the Porsche booth. Porsche sales are so strong in
China that Porsche CEO Klaus Berning said that he
expects “high double-digit” sales growth in 2008 and…
“China is playing an increasingly significant role and
has now become one of Porsche’s most important growth drivers worldwide.”
Porsche sold 250 [...]
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Costco reported that its customers have begun to hoard flour, rice, and cooking oil in New York City and on the West
coast. The buying was frenzied enough that Costco is placing limits on how much people can buy.
Does this have anything to do with the recent food riots in Haiti, Egypt, Senegal, the Ivory Coast, [...]
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