The Weekly News Update is a weekly roundup of business news from around the Asia-Pacific region, covering Fusion Consulting's core industry practices: chemicals, consumer & retail, financial services, industrial & logistics, information & communication technology, life science and media & leisure. If you have colleagues or friends who may be interested in subscribing, please forward this email to them and copy
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Dear ?NAME?,


 
 
 Offshore Services & Equipment
 
 Offshore exploration continues to breach new frontiers, driven by new finds,
 technology and surging energy demand in China and other growth economies.
 Opportunities abound for equipment and services vendors able to meet the sector's
 exacting demands. Find out where the opportunities lie. 


In the news this week  l 23-Nov-07
Korean petrochemical industry remains bullish 


The expansion of investment in Korea's petrochemical industry by the private sector has led to a trade surplus in the chemicals industry this year, making petrochemicals the third largest contributor to Korean exports after semiconductors and automobiles. While exports have increased 24% annually on average for the last five years, the petrochemical industry's high dependence on raw materials from foreign sources could restrain growth. Outright naphtha prices have soared by more than US$100 a ton from October 2007.

Fortunately, naphtha's gains this year have been matched or outpaced by end-user demand for plastic bags, bottles, and toys - all products derived from petrochemicals. In Korea, the dominance of chemical-intensive industries such as automotive, information and technology products, and electronics goods in the Korean manufacturing sector have also helped the petrochemical sector.

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Chemical
China - Kansai Paint to make eco-friendly car paint
Korea - Petrochemicals industry feared to slump
Malaysia - KLK plans to buy Chinese chemical maker

Consumer & retail
China - Aussino enters into joint venture with Hardy Amies
India - Carrefour to finalise local retail partner
New Zealand - Retail sales slow



 
Financial services
Asia - Chinese banks look to invest in Standard Chartered
India - Hero in talks with US firm for insurance foray
Vietnam - Largest card systems to be connected


Industrial & logistics
India - Indian firms ready fleets for logistics takeoff
Indonesia - Pandu Siwi sells 40% stake to Emirates Post

Japan - Chip equipment orders down 23% in October 2007


Information & communication technology  
China - Fixed line telecom operators to get mobile licences
Japan - PC market is shrinking
Taiwan - Flat-panel displays enjoy a 23% boost in quarterly output


Life science
China - China designates 10 basic medicine makers
Japan - Olympus to buy British medical equipment maker
Singapore - Hill-Rom to open innovation centre


Media & leisure
Asia - Anime on the go in Hong Kong, Taiwan
China - Merger forms biggest media content provider
India - India to up cable TV foreign investment cap


Previous issues

Korea braces for integration of its financial markets [16-Nov-07]
Japan's beer makers seek diversification [26-Oct-07]
Indian telecom operators and broadcasters fight it out in IPTV space [19-Oct-07]
Low cos PCs take off, but fully-fledged PCs unflustered [12-Oct-07]
Insurance firms chase growth in Asia [5-Oct-07]

Indian luxury market booming; but lacks premium retail space [28-Sep-07]


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Best regards,

The Intelligence Desk Team
Fusion Consulting

This Weekly News Update is a free newsletter, providing a round-up of the week's Asia-Pacific news from our core industry practices. If you have colleagues or friends who may be interested in subscribing, please forward this email to them and copy knowledge@fusionc.com .

Fusion Consulting is a business intelligence consultancy providing clear strategic advice on Asia-Pacific markets. With offices in Shanghai, Singapore and Hong Kong and over 400 industry consultants in 16 countries, we conduct custom research and consulting to help companies understand their markets, compete more effectively and grow into new areas of opportunity. Email
more@fusionc.com or visit www.fusionc.com for more information.



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