Nov 30, 2011

Indonesia - Bali to ban smoking in all public places



The provincial legislature on the Indonesian resort island of Bali has passed a new law which will soon ban smoking in all public places, the Jakarta Globe reported on Monday. It is not yet known when the ban will go into effect.

The provincial legislature passed the new bylaw on 'Anti-Smoking Areas' on Monday, forbidding smoking in tourism centers, hotels, healthcare centers, schools, government offices, markets, entertainment centers, airports and on public transportation. The advertisement and sale of cigarettes is also forbidden in these areas.

"I want all people to be healthy and the bylaw is an implementation of the 2009 Law on Health," Bali Governor Made Mangku Pastika said, as quoted by the Jakarta Globe. "Regarding this smoking ban in tourism centers, I think tourists will understand. Instead, it is Bali's people who often do not understand."

Breaching this new bylaw carries a maximum sentence of six months imprisonment or a fine of Rp 50 million ($5,450). It was not immediately clear when the new law will go into effect, but a decision is expected to be taken soon.

"The bylaw is definitely needed to protect people from the dangers of smoking," said Utami Dwi Suryadi, secretary of the bylaw committee. "It needs to be implemented seriously and strictly. We need to educate people about the impacts of smoking."

The same bylaw was also passed earlier in the Indonesian capital of Jakarta, but it has not been implemented effectively as many people still smoke in banned places. Indonesian authorities also failed to enforce the 2009 Health Law which includes limited regulation of cigarette advertising.

According to the World Lung Foundation, more than 60 percent of Indonesian men smoke and 30 percent of Indonesian youth have smoked their first cigarette before they turn 10 years old. The Asian country is one of only a few which have not yet ratified the Framework Convention on Tobacco Control, which calls for comprehensive tobacco control regulations.



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China - Mindray Ultrasound Systems at RSNA



Leading Chinese medical devices maker Mindray Medical International Limited (MR - Analyst Report) will unveil a new ultrasound system at the ongoing Radiology Society of North America (“RSNA”) annual meet in Chicago. The new system dubbed DC-T6 is a high performance imaging platform with a user-friendly, compact mobile design.

The affordable DC-T6 sports a high-resolution, 15-inch TFT monitor and a swivel and height-adjustable control panel. It also features iPower, an embedded battery, which offers up to two hours of interruptible scanning when power is not available. Among other special features, DC-T6 offers a real-time 4D and panoramic imaging.

Besides DC-T6, Mindray will also showcase significant enhancements for its M7 and DC-7 ultrasound platforms at the RSNA meet. The company will unveil new upgrades to the DC-7 system including an iPage 3D volume data series, a 3D/4D spatial-cutting tool and a new transducer.

For M7, the enhancements include iNeedle, a new needle detection technology for interventional and vascular access procedures. Moreover, Mindray will feature the iZoom software which enables more accurate and clear visualization of patient anatomy from a distance.

The high-end segment of the ultrasound business is growing at a brisk pace as more and more healthcare providers acquire sophisticated capability but in compact and portable form.

Mindray is a bellwether in the Chinese MedTech industry with a solid international presence. The company maintains a decent product pipeline and brings out several new products every year.

Mindray remains committed to providing clinicians with the latest technology that enhances patient care. The company’s state-of-the-art ultrasound systems are enjoying healthy traction in North America.

Besides China, Mindray operates in North America, Europe and other Asian countries. The company competes with global devices manufacturers such as General Electric (GE - Analyst Report), Philips (PHG - Analyst Report) and Siemens (SI - Analyst Report). We currently have a long-term Neutral rating on Mindray. The stock currently retains a Zacks #3 Rank, which translates into a short-term Hold recommendation.

Zacks Equity Research



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Canada - Boston Scientific, Cook Medical, Cordis to Reap Windfall of Booming Transcatheter Embolization Sales in $3.8 Billion Peripheral Vascular Market



Approval of C.R. Bard's CTO Catheter for Use in Atherectomy Procedures Game Changer for Covidien, Cardiovascular Systems According to a New iData Research Report

Vancouver, BC (PRWEB) November 29, 2011

According to a new report by iData Research (www.idataresearch.net), the leading global authority in medical device market research, the U.S. peripheral vascular device market was valued at over $3.8 billion in 2011. The market is expected to grow rapidly to over $7.1 billion by 2018 fueled by sales of peripheral vascular stents, stent grafts, chronic total occlusion (CTO) devices and increased use of transcatheter embolization devices for new indications such as cancer and stroke treatment.

"Transcatheter embolization devices, which are used to occlude blood flow within the vasculature, are expected to be the fastest-growing segment in the overall peripheral vascular market," says Dr. Kamran Zamanian, CEO of iData. "Their uses are going beyond the treatment of aneurysms and other arteriovenous malformations and are being used in the treatment of growths, cancers and stroke. In particular, sales of particle embolics, which can deliver drug-coated and radiolabeled beads for targeted drug delivery and radiation therapy, are estimated to grow at double-digit rates through 2018."

The report states that Cook Medical leads the transcatheter embolization device market but was followed closely by Boston Scientific who leads the particle embolics segment with their Contour® PVA Embolization Particles.

Additionally, the CTO segment is expected to more than double in value by 2016 due to new device indications. C.R. Bard's Crosser® catheter recently gained approval for use in atherectomy procedures and other market leaders, such as Cordis, may follow-suit as atherectomies have a higher reimbursement than CTOs.

"The peripheral vascular stent market is also expected to see strong double-digit growth fueled in part by sales of covered stents," says Dr. Zamanian. "W.L. Gore remains the market leader and has released lower profile stents with smaller diameters to access more difficult vasculature such as below the knee (BTK) areas which is seeing rapidly growing demand. C.R. Bard and Atrium Medical are battling for second place in this market."

W.L. Gore was also the leading competitor in the stent graft market with their minimally invasive Excluder® AAA and TAG® thoracic endoprostheses products. However the company's market share has been challenged since the introduction of competing devices by Medtronic and Cook Medical. The market for stent grafts, which includes abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA) stent grafts, is estimated to almost double in value to over $1.3 billion in annual sales by 2018. Approximately 80% of people in the U.S. who suffer from aortic aneurysms are undiagnosed and growth in this market will be driven by new ultrasound and CT screening methods.

iData's U.S., European (15 Countries) and Asia-Pacific (3-Countries) reports on the: Markets for Peripheral Vascular Devices provides a comprehensive analyses of: CTO devices, transcatheter embolization devices, PTA balloon catheters, stent-grafts, surgical-grafts, inferior vena-cava filters, catheters, guidewires, introducer-sheaths, arteriovenous access thrombectomy devices, vascular-closure devices and more.

For more information, register free on iData's website at:
www.idataresearch.net/idata/registration.php

About iData Research
iData Research (www.idataresearch.net/idata/discoveridata.php) is an international market research and consulting group focused on providing market intelligence for medical device, dental and pharmaceutical companies. iData covers research in: peripheral vascular, vascular access, cardiology, cardiac rhythm management, endoscopy, orthopedics, dental and more.



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Germany - Record Year for UBM's Pharma Events in Frankfurt



Events Host Over 2,200 Exhibitors, ABC audit Set to Reveal Highest Ever Attendance

AMSTERDAM, Nov. 29, 2011 /PRNewswire/ -- Leading event organiser UBM has announced a record breaking year for its flagship portfolio of annual pharmaceutical events including CPhI Worldwide for pharmaceutical ingredients, ICSE for contract and outsourcing services, P-MEC Europe for equipment, machinery and technology and the new InnoPack for innovative packaging solutions. Hosted at Messe Frankfurt, Germany from the 25th to 27th October 2011, the events attracted their highest ever exhibitor levels, with 2,200 global exhibitors on site. Overall attendance, though still subject to ABC audit, is also projected to smash all records set in more than twenty years of the events.*

Throughout the three days in Frankfurt, attendees gathered to do business and network across various sectors of the pharmaceutical industry and each individual show experienced growth. P-MEC Europe grew more than 44% over 2010*, and despite exhibitors moving over to the new InnoPack event, ICSE still had a strong showing with over 220 exhibitors*. Notably, the new InnoPack event was also met with positive feedback and attendance with over 100 global exhibitors hosting attendees from more than 140 countries.

"The scale of the events has grown exceptionally over the years. As an events organiser, it is important to us that the size does not change the opportunity for each visitor to have a unique and personal experience and we invest a large amount of time and money to ensure this," noted Greg Kerwin, UBM's Portfolio Director Pharma. He continued, "Despite the financial challenges that still remain globally, to have a year like we just did in Frankfurt means that we are succeeding and that our client base sees the value of these events. As the Pharma industry regroups and rethinks their business plans for the years ahead, we are honoured to continue to be a part of them."

The 2011 pharmaceutical events were centred on a few popular returning features, as well as many new and expanded ones. The Pre-Show Conference on the Monday before the show offered a chance to learn and network before the events got underway. The zoning format also returned, with new additions and once again proved to be a positive feature of the shows by helping to facilitate better time management and 'more talking, less walking' while onsite. The expanded zoning format included new zones in CPhI for Generic APIs and Finished Dosage resources, three new zones for New Exhibitors, USA Exhibitors Zone, and Logistics and Supply Chain Zone within ICSE and a Labelling Zone in InnoPack.

The CPhI Innovation Awards returned for their eighth year to recognise, celebrate and honour companies and organisations that are breaking new ground in the pharmaceutical, packaging, contract services and biopharmaceutical sectors. The gold winner of the CPhI Innovation Award was Glycotope for their GlycoExpress platform that optimises the glycosylation of antibodies and other glycosylated biotherapeutics. The Silver medal went to Acuros for their disposable drug delivery device designed to deliver microlitres or millilitres per hour. Finally, bronze was awarded to Johnson Matthey Catalysts for their Colour-Tag-Protein technology that works as a marker for protein expression. The awards were handed out during an exhibitor party that also took a moment to recognize UBM's shift towards celebrating and supporting sustainability in the events which included awarding Solvias with the Exhibitor Sustainability Award.

In addition to the introduction of InnoPack as a stand-alone event, P-MEC Europe debuted the new LABWorld Pavilion to cater to high technology areas such as instrumental analysis, measuring and testing technologies, materials testing, quality control and laboratory equipment that are separate from the 'traditional' large-scale capital machinery, equipment and technology with which P-MEC has become associated. The LABWorld Pavilion was met with positive feedback. Other introductions to the show included Lunchtime Education Series, where high-level presentations from industry leading executives were given in a format that also offered attendees with time to enjoy a lunch while conducting targeted networking. Further new features included expanded social networking platforms and the introduction of virtual events to support attendance from guests that were not able to travel to the events in Frankfurt.  CPhI Online has also been developed as a digital meeting spot where visitors can post and find news, information and resources while at the events and throughout the year.

CPhI Worldwide, ICSE, P-MEC Europe and InnoPack will all return to offer a unique business and networking platform for the varied sectors of the pharmaceutical market from 9th to 11th October 2012 at the Feria de Madrid in Madrid, Spain.



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Indonesia - Enter the dragon; exit the eagle?



Jakarta (The Jakarta Post/ANN) - When European and Western hegemony was at its peak in the 1980s and 1990s, my late husband, Ami, often asked why people studied European languages instead of Chinese or Japanese. "Asia," he said, "is where the future will lie."

If Ami were still alive, he would be justified in saying, "I told you so" (although Hindi, Korean and Indonesian would have been on his list now too!).

Even the US has cottoned-on now, shifting its gaze from the Middle East (where the Arab Spring is starting to look more like autumn) to Asia. The stable societies in our region continue to enjoy booming economic growth despite Europe and America's financial crisis (which is not global at all, folks!).

That's why US President Barack Obama hailed the decade-old "Asia-Pacific century" two weeks ago in Australia. He also announced that the US would establish a new foothold in the most dynamic part of the world by strengthening military ties with its longtime ally Down Under. It will deploy 2,500 Marine Air-Ground Task Force in Darwin by 2017 for the first time since World War II.

This generated speculation, controversy and anxiety. Some viewed it negatively, accusing the US of aggressive imperialist ambitions. They said that the move undermined efforts to make the region more peaceful and could tear ASEAN apart. Another analyst said the US had its sights on Timor Leste's oil reserves and its troubled Freeport interests in Papua.

Even our smooth-as-silk foreign minister, Marty Natalegawa, questioned American motives, hoping the deployment wouldn't create tensions in the region. Given the US' reputation as a bullying Globocop, these reactions were not surprising, but were they right?

The Darwin base seems to me to be more recognition of American weakness than a statement of ambition. Surely it is really about the US trying to maintain its dwindling power as China rises? It seems to me that if China thinks the US is trying to encircle them, they'd be dead right.

And you can see why: China is currently the second-largest economy after the US, contributing 30 percent of global wealth. Even by conservative estimates, it's projected to overtake the US as world economic leader by 2027. China is also the US' banker as well as the world's factory floor, with global markets flooded with Chinese goods - and takeovers.

In 2005, MG Rover became the last domestically-owned mass-production car manufacturer in Britain, snapped up by the Nanjing Automobile group. Imagine - the quintessential British sports car is now Chinese, or half-Chinese at least. (Well, better Chinese than belly-up, like the eurozone.)

The point is that almost everyone else in Asia expects China's financial invasion to be followed by military expansionism. Their shared heebie-jeebies are driving them to band together to contain the dragon. Even Vietnam is burying the hatchet of the Vietnam War and getting cosy with America. Politics do make for strange bedfellows, but is their China-phobia justified?

Maybe - history suggests that every rising imperial power has expressed itself with military force: the Greeks, the Romans, the Ottomans, Russia, Germany, Britain, Japan and America. Why would China be different?

As China builds its military and buys more of the world's resources to fuel its growth, it is less willing to hear Americans telling it what to do (on the US' quandary re China, read http://money.cnn.com/2010/05/06/news/international/china_america_full.fortune/). It continues to back its pariah buffer state, North Korea;

It continues to incarcerate dissidents; its threats to invade Taiwan have not been withdrawn. And now, it is making serious claims in the South China Sea.

But while China may be a rising power, the US is still a great power - in fact, for all its many faults and failings, still the dominant global power. It still has the stronger military as well as global reach, with allies and bases all over the world, particularly in regions surrounding China (Japan, Taiwan, Korea, India, etc.).

It is determined to keep China hemmed in if it can. So, like it or not, there is a real possibility of eventual conflict in the Pacific between the eagle and the dragon, as many fear.

Like Indonesia, Australians know that if an attack comes, it will be from the North as in World War II (invasion via Antarctica might be a bit tricky). This means that a "love triangle" between the US, Australia and Indonesia has its own natural geopolitical logic.

Indonesia is of increasing strategic importance to the US because it's the obvious leader of a regional neutral block. It also controls three vital deep-water passages between the South China Sea, the Indian Ocean and the Pacific: the Lombok, Malacca and Sunda Straits.

Australia is also a natural ally of Indonesia because of the similarities between them - yes, that's right, I did say similarities. Unlike China, both are multiparty democracies and both have open economies (and have signed free-trade deals with each other).

And whatever misgivings Indonesians and Australians may have about the US, it's still an open society and a genuine democracy, and China is neither of those things. Shared anxieties about China will make these similarities matter more than differences.

My Chinese calendar says 2012 will be the year of the Dragon. By the looks of it, so will be many other years to come. So Ami was right - start learning Chinese, folks!

Julia Suryakusuma in Jakarta/The Jakarta Post | ANN



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Vietnam - Vietnamese garment exporters aim high



Ho Chi Minh (Viet Nam News/ANN) - The garment industry in Vietnam has set itself an export target of US$15 billion next year despite a slew of possible hurdles in its path.

This year's target is $13 billion, which is most likely to achieve after already exporting $10 billion worth goods.

The Vietnam Textile and Apparel Association (Vitas) listed challenges like high inflation and unstable interest and exchange rates next year.

The sector would also be affected by the ongoing public debt crisis in the EU, one of the country's key markets, it said, as it would be by the economic problems at home.

Inflation in Vietnam is likely to be around 10 per cent next year, higher than in countries that compete with Vietnam for the global textile market.

This means costs like electricity, water, fuel and salaries would continue to rise, impacting the sector's competitiveness.

A large number of textile firms lack funds for production and expansion because of the continuing high loan interest rates despite the government's efforts to reduce them. Only a small number of firms have been able to get credit on easy terms.

The industry has mapped out measures to be taken to achieve next year's target, including gradually reducing its dependence on sub-contracting for other producers.

The growth in exports to key markets like the EU, the US, and Japan was expected to fall by 10-15 per cent next year, Vitas said.

Thus, combating this fall is another measure the sector eyes.

Besides, exploration of new markets like Russia, Canada, and South Korea will be accelerated.

The sector also plans to increase the use of domestically sourced feedstock to reduce costs and adopt proper policies to attract workers. None of these problems are new, however. The industry has been facing inflation and a relentless rise in feedstock prices, but still managed to achieve growth, topping $11.2 billion in exports last year.

In the latter half of this year too the sector has been facing challenges in getting orders, but Le Tien Truong, deputy general director of the Viet Nam Textile and Garment Group, said it remained on track to fulfil its export target.

Exports to the EU, the US, and Japan had been growing as scheduled, he said.

As of the end of October, exports to the EU were up 41 per cent. They were up 14 per cent to the US and a whopping 52 per cent to Japan.

The Business Desk in Ho Chi Minh/Viet Nam News | ANN



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Laos - Laos awarded peace prize for int'l diplomacy



Vientiane (Vientiane Times/ANN) - Laos' Minister and Head of the President's Office Phongsavath Boupha was awarded a peace prize for International Diplomacy last week in Manila, the Philippines, along with other 18 laureates from Asia, Europe, Africa and America.

Speaking to the media, Phongsavath Boupha said he was the first Lao national to receive the Gusi Peace Prize since it was first offered in 2002.

The Manila-based Gusi Peace Prize award was created to recognise individuals or groups worldwide for their contribution in different areas toward peace, respect for human life and dignity.

The Gusi Peace Prize is named after the late Captain Gemeniano Javier Gusi who is considered as a hero in the Philippines for the way he fought for independence during World War II.

The Honourable Barry Gusi, the son of the late Captain, and his family later created the Gusi Peace Prize foundation.

Often referred to as the Nobel Peace Prize of Asia, the Gusi Peace Prize is mandated by Presidential Proclamation No. 1476 signed by former Philippine president Gloria Arroyo, declaring every fourth Wednesday of November as the "Gusi Peace Prize International Friendship Day".

The award was presented to Phongsavath for his contribution to the promotion of good relations in the region. His efforts were instrumental in reaching agreements on border cooperation and demarcation with the neighbouring countries Vietnam, China, Myanmar and Cambodia as the Chairman of the Lao National Border Commission.

He also played a role in the accession of Laos into Asean and represented the Lao government at sub-regional and international levels involving the areas of policy, security and human right issues.

Phongsavath has published a book entitled the "Evolution of the Lao State" as well as articles on political events in Lao newspapers and the journal of the Social Science Research Institute in Laos.

Bounfaeng Phaymanivong in Vientiane/Vientiane Times | ANN



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South Korea - S. Korean president signs bills to implement Korea-US FTA



Seoul (The Korea Herald/ANN) - South Korean president Lee Myung-bak on Tuesday signed a package of bills needed to implement the Korea-U.S. free trade pact, finalizing the ratification procedures and bringing the deal closer to effectuation early next year.

During a Cabinet meeting he presided over, Lee put his signatures on 14 related bills concerning copyrights, patents, customs, trade secret protection and other domestic rules to ensure the smooth implementation of the pact.

The signing came a week after the National Assembly passed the pact and related bills as the ruling Grand National Party railroaded them with its majority power despite vehement objection from opposition parties.

"This signing concludes the ratification process. The Korea-U.S. free trade pact is to open the door of the world's largest market, the U.S. market," Lee was quoted as saying by his spokesperson Park Jeong-ha.

"We should make thorough preparations for some industries that could suffer from the opening of the market and let's think of it as an opportunity to sharpen our competitive edge."

Lee already signed the motion to ratify the deal before sending it to the National Assembly for approval in June.

Lee also instructed his government to give sufficient explanations on the FTA ratification to the public as there are many misunderstandings and unfounded rumors about the deal.

"Make sure that each relevant ministry gives a detailed explanation to citizens about their misunderstandings, and that there are no more misconceptions about the deal." Following the legal promulgation process, Seoul and Washington will begin talks to discuss the exact date for the deal's effectuation and other details concerning its implementation. They seek to have the deal go into effect on Jan. 1.

After the bills were signed, politicians from the main opposition Democratic Party and other opposition parties upped their offensive against Lee and the GNP, saying that the ruling bloc will face "strong resistance" from citizens.

Some 35 former and current opposition lawmakers from the DP and other parties including the leftwing Democratic Labor Party staged a protest in front of Cheong Wa Dae in the morning, urging Lee not to sign the bills.

"Should he sign them, he would face strong resistance, which will, at last, lead to the collapse of his regime," they said during their protest in front of the presidential office.

"Even if he signed them, the implementation of the pact will stop after parliamentary elections next year, and after the change of the government, everything will go back to square one."

The Seoul and Washington government signed the pact in June 2007 to tear down trade barriers between the long-standing allies.

Following some five months of additional negotiations to address unaddressed concerns for both sides, they signed the revised deal in February. The U.S. Congress approved the pact when Lee was visiting Washington last month.

The Seoul government said that the pact will help create jobs, increase exports and further strengthen the bilateral alliance. But critics said that some parts of it should be renegotiated to protect local industries and "economic sovereignty."

Following its passage at the legislature here, thousands of anti-FTA protesters took to the streets, denouncing the ruling party and the president. The DP has boycotted parliamentary sessions, arguing that the pact should be nullified.

When the pact with the U.S. takes effect, Korea will have free trade agreements with a total of 45 countries including Chile, Singapore, India and Peru.

Song Sang-ho in Seoul/The Korea Herald | ANN



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Nepal - Drug manufacturers expand operations in Nepal



Kathmandu (The Kathmandu Post/ANN) - The market share of medicinal drugs from third countries has been growing in the Nepali market.

Among the 14 foreign companies that were granted licenses to sell their products in Nepal, six are from India while the rest are from China, the US, Mexico, France, Belgium and Germany, according to the Department of Drugs Administration (DDA). No new Nepali company received a license in the last fiscal year.

"Third country medicinal drug manufacturers are entering the Nepali domestic drug market to offer life saving drugs," said Pan Bahadur Chhetri, an officer at the import section of the DDA. "We have not permitted them to import and supply essential drugs."
According to the DDA, these pharmas have registered their products in the categories of anti-cancer, large volume parental, contraceptives, vaccines and anti-retro viral drugs. Chinese pharmaceuticals have been mainly exporting vaccines in the domestic market, according to Chhetri.

Chhetri said that the government has a policy of allowing sales of even essential drugs made by companies from third countries that sell their products in the US and Europe.

Domestic products have a 40 perc ent share in Nepal's market worth 14 billion rupees (US$173 million) annually, according to the DDA. Indian drugs have a market share of 50 per cent and third countries account for the rest.

Mahesh Gorkhali, president of the Association of Pharmaceutical Producers of Nepal, said the growing import of life saving drugs could be considered good as it would help increase access. "However, the government should encourage domestic entrepreneurs to manufacture these types of drugs." While domestic pharmaceutical companies have been increasing their share in the domestic drugs market, foreign manufacturers have been equally keen contenders.

According to the DDA, there has been an increase in the number of licenses issued to foreign companies to enter Nepal in the last three years. There were 14 foreign companies in 2010-11 compared to 10 in 2009-10.

The department had registered eight foreign pharmaceutical companies in 2008-09. Likewise, 505 new foreign brands entered the domestic pharma market in the last fiscal year.

By the end of the last fiscal year, 7,092 allopathic medicinal brands from 257 foreign companies were registered at the department. Only 31 of them are from outside South Asia and China.

According to the DDA, the market is also awash with local brands of general medicines. Domestic drug makers registered 948 new brands in the last fiscal year.

All of their products belonged to the general medicines category, according to the DDA. "Domestic drug manufacturers have been coming up with diversified products in the general medicines category," said Gorkhali.

As of last year, 11,769 brands of medicinal drugs were registered at the department, according to the DDA.

Foreign manufacturers registered in 2011-12

1. Akums Drugs and Pharmaceuticals Ltd, India
2. Nacto Pharma Ltd, India
3. Biomed Pvt Ltd, India
4. Naprod Life Science Pvt Ltd, India
5. Celon Laboratories Ltd, India
6. Axa Parenterals Ltd, India
7. Sinovac Biotech Co Ltd, China
8. Lanzhou Institute of Biological Products, China
9. Hospira Inc, USA
10. IPR Pharmaceuticals Inc, Puerto Rico
11. Products Roche, SA; De CV, Mexico
12. Delpharm Life Science, SAS France
13. Zen Pharmaceuticals, Belgium
14. Fehrring International Centre, Germany

Rajesh Khanal in Kathmandu/The Kathmandu Post | ANN



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South Africa - China open to talks on Kyoto extension



Durban, South Africa (China Daily/ANN)- The European Union's conditions before signing a second commitment period of Kyoto Protocol is "not fair" for developing countries, but China is open to negotiation, China's leading climate negotiator, Su Wei, said on Tuesday.

The Kyoto Protocol, effective since 1997, is the only international treaty that sets binding greenhouse gas reduction targets for industrialized countries. And its first commitment period expires next year.

EU has said it will only extend targets under the protocol provided there will be a timetable for negotiating a single legally binding instrument joined by China and US.

"The new conditions are already beyond the mandate agreed in previous talks, namely the Bali Roadmap agreed in 2007," he said.

"I think EU is just shifting the goalpost from one place to another," Su said. "This is actually not an efficient way to do things, because we need to accomplish the goals one by one."

"But since EU is the group of countries who would seriously consider a second commitment period under the Kyoto Protocol, developing countries are also open and ready to talk to them about how to address that issue," said Su.

We hope "to secure a really effective and legally binding second commitment period of Kyoto Protocol," he said, calling the international treaty a "cornerstone" for climate talks.

And developing countries may refuse to sell carbon credits generated under the Clean Development Mechanism (CDM) to those nations who refuse to join a second commitment period of Kyoto Protocol, he added.

"The market mechanism was designed under Kyoto Protocol to help developed countries implement their emission reduction targets in the first commitment period," he said. "So if there is no target, why CDM?"

Li Jing in Durban/China Daily | ANN



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Myanmar - In Myanmar's curious capital, quiet before Clinton visit



NAYPYITAW (Reuters) - Myanmar's new capital, Naypyitaw, translates as "Abode of Kings", fitting for U.S. Secretary of State Hillary Clinton to begin historic talks that could restore some lustre to one of the world's most reclusive states.

But just hours before her arrival on Wednesday to become the first U.S. secretary of state to visit Myanmar in more than 50 years, there were no obvious signs of preparations -- no crowds, no festivities, no flags -- aside from policemen outside the hotel compound where she will stay.

In striking contrast, a large billboard had been strung up at a nearby hotel, welcoming the prime minister of Belarus, who is also due to visit in coming days.

Some workers were sweeping the wide but mostly deserted boulevards of the sprawling city built from scratch just five years ago, where Myanmar's leaders and powerful retired generals have isolated themselves, some 320 km (200 miles) from the largest city and former capital, Yangon.

Naypyitaw is a maze of ministry buildings, government mansions, civil servants' quarters and presidential palaces complete with grand Roman-style pillars -- all rising from dusty, arid scrubland. At its heart are parliament's 31 buildings, with pagoda-style roofs.

Bestowed with manicured lawns and forbidding stone walls, it bears no resemblance to the rest of Myanmar, one of Asia's poorest countries, or even to nearby villages, where many people live in thatched wooden huts.

Attractions include half a dozen resorts and golf courses, drinkable tap water, a Western-style shopping mall, a large zoo, a grand "water fountain garden", lavish mansions and 24-hour electricity in a nation beset by chronic power outages.

A labourer at a construction site next to parliament said he had no idea who was visiting.

"All I know is someone important is coming but I don't know who," said the worker, Ye Pun Naing. Told that it was Clinton, he shrugged his shoulders and said that meant nothing to him.

That's not too surprising.

Myanmar has only just begun to emerge from an extraordinary half-century of isolation. The past few months have seen the most dramatic changes in the former British colony since the military took power in a 1962 coup when it was known as Burma.

A string of reforms, breathtaking by Myanmar's standards, have been introduced by former generals who swapped fatigues for civilian clothes in March when a new parliament opened following last year's elections, the first in two decades.

While in South Korea earlier on Wednesday, Clinton expressed cautious optimism that Myanmar's tentative democratic reforms could develop into a movement for change to the benefit of the people.

PUZZLINGLY WIDE ROADS

Unarmed policemen were seen in pairs or in groups along some roads, along with the occasional trucks carrying riot police armed with shields, baton and guns.

"A number of foreign dignitaries are due to arrive here in a day or two," said Ma Nyein, 26, as she tended plants by the side of a road. She said she had never heard of Clinton, although she knew who U.S. President Barack Obama was.

Much of Naypyitaw was built by workers like Ma Nyein toiling in searing heat with basic equipment. When Reuters journalists visited early last year, women were hauling stacks of bricks balanced upon their head and men cleared land with wooden-handled scythes. Ox carts transported wood.

Diplomatic sources say the construction of Naypyitaw would have cost billions of dollars, drawing criticism from aid groups over the priorities of a country where a third of the population lives in poverty and where infrastructure is in tatters due to trade-crippling sanctions and mismanagement.

The city's rise reflects the riches reaped by its rulers as Southeast Asia and China tap its natural resources, from timber and natural gas to precious gems, despite the Western sanctions imposed in response to rights abuses.

It may have amenities but there's no lively city centre thronged with people, even five years after the government moved nearly all its workers there. Officials put its population at about 1 million, including surrounding townships.

Its roads are puzzlingly wide, including one 20-lane boulevard, but they are largely empty. Civilian cars are rare. The city centre, a roundabout where five roads meet, is populated mostly by palm trees and potted flowers.

One person the former ruling junta were happy to leave in Yangon was opposition leader Aung San Suu Kyi, a Nobel laureate freed from years of detention last year.

But Suu Kyi has since visited several times and could even enter parliament when her political party contests by-elections expected early next year.

(Additional reporting by Aung Hla Tun; Writing by Jason Szep; Editing by Robert Birsel)



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YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.

China - China eases credit controls amid slowing growth


BEIJING - China said Wednesday it will cut the bank reserve requirement ratio by 50 basis points, as it seeks to boost lending and spur growth in the world's second largest economy.

The move, which takes effect on December 5, is the strongest signal yet that the government wants to ease tight credit restrictions put in place to curb surging inflation and property prices.

The People's Bank of China said in a brief statement that it would reduce the ratio by 0.5 of a percentage point, effectively increasing the amount of money banks can lend.

Experts had forecast such a move in the coming months after the central bank said recently it would "fine-tune" monetary policy amid growing concerns that the weak global economy is increasing the risk of a sharp slowdown in China.

Capital Economics Chief Asia Economist Mark Williams said the move signalled a "decisive shift in policy stance" and would be followed by furthers cuts "in the next few months" to increase liquidity in the economy.

Alistair Thornton, an analyst at IHS Global Insight, said the government hoped the move would "bring life back into the economy".

"They are clearly concerned about the fast deteriorating situation in Europe, about how rapidly the property market is correcting and about the sheer amount of capital that appears to have been fleeing China," Thornton said.

Last week the central bank said it had eased lending restrictions on more than 20 small banks nationwide, in a bid to channel more funds to cash-strapped private firms and the farming sector.

This latest move applies to all banks around the country.

Preliminary data released by HSBC last week showed China's manufacturing activity slumped to its lowest level in 32 months in November, renewing fears the export-driven economy is losing steam due to the eurozone debt crisis and sluggish growth in the United States.

China's consumer inflation eased in October to 5.5 percent, the slowest pace since May, and property sales and prices have been falling nationwide as tough restrictions on purchases and lending take effect.

Economic growth also slowed to an annual 9.1 percent in the third quarter from 9.5 percent in the previous quarter.

Another concern for policymakers has been the explosion in underground lending fuelled by the credit restrictions, which has raised concerns among top leaders about a surge in bad debts and defaults in the private sector.

Independent business owners have been borrowing money at high interest rates from informal lenders after being rejected by major banks who favour other state-controlled enterprises, whose debts are implicitly guaranteed by the government.

China, anxious about rising living costs, has pulled on a variety of levers to curb price rises in the past 18 months, including restricting the amount of money banks can lend and hiking interest rates five time since October 2010.


- AFP/ir


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YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.