India outsourcing to survive Satyam fall

At the start of this year, India was rocked by revelations that the huge software and outsourcing group Satyam had overestimated its profits to the tune of around $US1 billion. Before his arrest, chairman and IT poster-boy Ramalinga Raju said he had been “riding a tiger, not knowing how to get off without being eaten”.

Huge cash injection for China state media

Large Western media organisations could do nothing but shake their heads this week as reports came out of China that $US7 billion dollars was to flow into state media. While newspapers, television, radio, and even internet properties in the Western world were being gutted by their parent organisations, China spoke of expanding its reach in … Continue reading “Huge cash injection for China state media”

Former Philippines leader snubs Arroyo

More than 50 former top Philippine government officials have issued a statement urging President Gloria Arroyo’s cabinet to resign over a multi-million dollar corruption scandal. There’s been a Senate probe into allegations of 130 million US dollars of bribes in a state telecoms deal with China’s ZTE Corporation.

China rich list rising in boom

China’s economy is experiencing unprecedented growth as a whole and there’s a growing number of individuals who are entering the lists of the world’s rich – and even super rich. In their annual China Rich List, now in it’s tenth year tracking the people captaining the Chinese economy, Hurun Report has unearthed some truly stunning … Continue reading “China rich list rising in boom”