Tuesday, April 3, 2012

20th ASEAN summit

Cambodian Prime Minister Hun Sen said Tuesday that ASEAN and its northeast Asian neighbors needed to double “as soon as possible” a regional currency swap mechanism to $240 billion.
His opening address to a two-day summit of ASEAN leaders, the prime minister warned of the “uncertainty of economic crisis which is affecting the world” and the need to prevent the crisis spreading to Asia.
“ASEAN must pay special attention to strengthening the mechanism to ensure financial stability and to cope and deal with the global financial and economic crises when they occur in the region in the future,” he said.
Hun Sen said “the most important instrument” was Chieng Mai Initiative Multilateralization (CMIM), a regional currency swap facility established in 2010 with contributions of $120 billion from China, Japan, Korea and the ten ASEAN members.
“We shall encourage our finance ministers to work closely together and with relevant partners to reach an agreement or concrete commitment by member states for strengthening and doubling this mechanism from $120 billion to $240 billion as soon as possible,” he said.
ASEAN finance ministers met in Phnom Penh last Friday and are scheduled to meet with their Chinese, Japanese and Korean counterparts in Manila
India media tablet sales touch 475,000 in 2011: CyberMedia Research.
According to CyberMedia Research, about 475,000 units of media tablets were sold inIndia in CY 2011.
Naveen Mishra, Lead Telecoms Analyst, CyberMedia Research, says, "In India the media tablet has very quickly metamorphosed from being a 'premium' or 'luxury' product for the select few, to one that has appeal to a wide range of customer segments such as business executives, advertising and media professionals and students to name a few. TheIndia market has become very competitive in the five quarters since 4Q 2010, when the first tablet model was introduced in the country by Samsung."
"Going forward, with the launch of new, competitively priced models from vendors such as Intex and Micromax, CyberMedia Research expects bigger marketing spends to popularize the media tablet form factor as well as signal brand strength by leading players.
“The competition is expected to intensify further with new vendors launching their products during 2012. Currently, individuals as well as enterprises are experimenting with the media tablet platform for various use cases. In a short span of time, the market has already seen 'verticalized' product offerings and during 2012 this will become an even stronger trend. For now, Education seems to be the vertical with highest priority of adoption and a large number of models are positioned at this segment.
“However, a word of caution here, success in adoption of media tablets will largely depend on product performance and availability of relevant content and applications, as well as affordable and widespread 3G services."