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Expectations over India’s new Narendra Modi government have been high, given the decisive mandate that the Bharatiya Janata Party (BJP)-led coalition managed to win in May’s national elections.
Now with the world somewhat less fixated on football (or soccer as I’ve learned to call it here in the U.S.), let us reflect on what observations may be made. Since many of my colleagues and I are from Asia, we paid a bit more attention during the matches to the Asia Pacific teams that competed—South Korea, Japan and Australia—as well as to the U.S.
On Wednesday, Indonesia went to the polls to elect its seventh president. Unofficial results predict a narrow 5% win for Joko Widodo, or Jokowi, over rival Prabowo Subianto. The election marks the end of a 10-year term for outgoing President Susilo Bambang Yudhoyono and Indonesia’s first hand-off from one elected leader to another.
If you live in a neighborhood like mine in California, you may also be seeing solar panels popping up like dandelions after a spring shower. Not only are these glossy, blue-black panels environmentally friendly, but their costs are falling and state subsidies have also made them more affordable.
When I was a boy growing up in Northeastern China, I recall waiting every morning for the fresh milk delivery. A man from a local “milk station” would ride up in a three-wheeled cart and hand a glass bottle of milk to my mother. She would then heat it, as was customary then, so I could have it with my breakfast. While I wouldn’t say the milk was necessarily a luxury item in those days, it was still considered precious enough that my parents never really drank it themselves, saving it instead for me and my sisters.
The Internet sectors of China and India, the world’s two most populous nations, offer a study in contrasts. Chinese Internet companies dominate in such areas as online search, games, news, e-commerce, social media, social networking and video, while domestic Indian firms are confined to market-leading positions in travel, jobs portals and e-commerce.
Following years of sharp increases to wages and real estate prices, has China become too expensive? To answer this question, let’s start with lunch.
It's been almost three years since A-di first moved in with my relatives in Taiwan to work as a caretaker for my ailing grandmother. A college graduate from Indonesia with a reserved demeanor and an endearing smile, A-di, or Di Di as my family sometimes calls her, was found through an agency that places migrant workers in jobs abroad.
South Korea's Sewol ferry disaster in April has not only been one of the country's most tragic events in recent memory, it is also one that is leaving an indelible mark on Korean society.
Chinese banks have long operated under a protective environment in which deposit and lending rates have been managed in a rather tight band by the central bank.