Posts tagged ‘Australia’

07/12/2014

Chinese company undertakes largest water supply project in Sri Lanka – Xinhua | English.news.cn

China Machinery Engineering Corporation (CMEC) has kicked off a 230-million-U.S. dollar water supply project, which is the largest ever undertaken by the Sri Lankan government, an official said Saturday.

The inaugural pipe laying was done by Economic Development Minister Basil Rajapaksa in the town of Mahara, about 19.6 km from capital Colombo.

The project, once completed, will provide clean drinking water to about 600,000 people in 42 villages scattered around the region.

An estimated 20 million U.S. dollars is also provided by the Sri Lankan government who will work with CMEC to implement the venture.

“We are doing this for the community. It’s a very important project and we are grateful for the Chinese government for supporting us in this. This is something that has great social worth,” Rajapaksa told the gathering at the inauguration ceremony.

In the next three years, CMEC will build a water treatment plant with a supply capacity of 54,000 cubic meters a day and a new water intake volume of 85,000 cubic meters per day.

CMEC has unanimously agreed to commence the water project earlier than usual, Rajapaksa added, praising the swiftness with which the work was taking place on the ground.

The topographic survey and soil investigation of the water treatment plant was completed in June and site clearing for the plant was also wrapped up in November, leaving CMEC to begin laying over 1,000 km of water pipes.

Rajapaksa also expressed confidence that the efforts of CMEC together with the National Water Supply and Drainage Board will result in the successful completion of the project.

CMEC has been working in Sri Lanka for nearly a decade on a variety of projects. Its largest venture is the Lakvijaya coal power plant that was built with assistance from the Chinese government at a cost of 1.2 billion U.S. dollars.

via Chinese company undertakes largest water supply project in Sri Lanka – Xinhua | English.news.cn.

25/11/2014

Mrs. Modi, This Is What You’re Entitled to as Wife of India’s PM – India Real Time – WSJ

Narendra Modi’s wife wants to know what privileges she is entitled to as the spouse of India’s prime minister.

Six months into the role, Jashodaben Chiman Modi has asked police why she must use the bus when her security detail travels in a government car and what perks she should be getting as the wife of the country’s most-powerful man.

“I am the wife of the prime minister and as per formal procedure, I want to know what other services am I supposed to get,” Mrs. Modi wrote in a submission under India’s right to information law, according to a spokeswoman at the police station where the document was received.

An odd request for such a person to make you might think but here’s the thing.

Until he filed election nomination papers in April ahead of national polls, Mr. Modi had never mentioned his wife publicly.

The pair had an arranged marriage in their teens and Mr. Modi left her soon after the ceremony. The couple have lived apart since though they are not divorced.

But, after Mr. Modi swept to power in May, his wife, a retired school teacher, was allotted 24-hour protection from five security commandos by the Gujarat police.

In the RTI application submitted Monday, Mrs. Modi stated that “I want to know under which legal clauses/provisions and acts of [Indian] Constitution have I been given the security cover,” according to the police spokeswoman. Mrs. Modi could not be reached for comment. A spokesman for the prime minister was not immediately available for comment.

Referring to the assassination of former prime minister of Indira Gandhi by her security guards in 1984, Mrs. Modi said she “is frightened by the presence” of the commandos and “asked for all the details of her personal bodyguards,” the spokeswoman said.

Besides, she also asked for information about the “other honors and benefits” she is authorized to receive as the prime minister’s wife.

via Mrs. Modi, This Is What You’re Entitled to as Wife of India’s PM – India Real Time – WSJ.

20/11/2014

India Worst Slave Country, Says Global Slavery Index – India Real Time – WSJ

More than 14 million people in India are estimated to live in modern slavery, according to a new index on global slavery that ranks the country first out of 167 countries based on the number of people subject to abuse such as forced labor, servitude or sexual exploitation.

The other countries with the highest numbers of people in modern slavery are China, Pakistan, Uzbekistan, Russia, Nigeria, the Democratic Republic of the Congo, Indonesia, Bangladesh and Thailand. Together with India they account for 71% of the estimated 35.8 million people in modern slavery, says the 2014 Global Slavery Index, a report produced by global human rights organization the Walk Free Foundation. It defines modern slavery as “one person possessing or controlling another person in such a way as to significantly deprive that person of their individual liberty.”

Modern slavery in Asia, particularly in countries such as India and Pakistan, often includes entire families who are enslaved through bonded labor in construction, agriculture, brick making, garment factories and manufacturing.

In India, lower castes and tribes, religious minorities, and migrant workers are disproportionately affected by modern slavery the Indian section of the report says.

In 2014, the Ministry of Home Affairs launched the ‘anti-trafficking portal’, which includes  information on criminal justice statistics, anti-trafficking police units, government and law enforcement training, the anti-trafficking legislation, and reporting mechanisms, including the ChildLine hotline number.

India has also improved law enforcement efforts by establishing 215 anti-human trafficking units across the country to investigate human trafficking cases.

Legislation on its own though is not enough to ensure success of a criminal justice response to modern slavery, according to the report.

via India Worst Slave Country, Says Global Slavery Index – India Real Time – WSJ.

19/11/2014

More nuclear plants and renewable energy under new development plan | South China Morning Post

China will boost oil exploration, use less coal and more natural gas, build more nuclear plants and develop renewable energy under a new seven-year development plan.

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The State Council’s newly released plans for 2014-2020 marks the latest attempt by policymakers to limit the nation’s appetite for energy. Reflecting its rapid industrialisation and economic growth, China has become a voracious consumer of energy, changing global energy markets and the geopolitics of energy security.

The document sets out five strategic tasks for the nation’s energy development. The first is to achieve greater energy independence by promoting clean and efficient use of coal, increasing domestic oil production, and developing renewable energy .

China plans to develop new and existing oilfields in nine regions where it has large proven reserves – including in the northwestern, central and northeastern provinces as well as offshore fields in the Bohai Gulf and the East and South China seas.

The plan also calls for boosting offshore oil exploration though improved exploration trace analysis, promoting deep-sea bidding from foreign corporations to develop offshore sites and greater research and development in deep-sea oil discovery technology and equipment.

The plan’s second task is to curb excessive energy consumption and implement energy-efficiency programmes in urban and rural areas. The third task builds on this goal by cutting the proportion of coal used in the nation’s energy production while using more natural gas, nuclear power and renewable energy. The plan calls for more nuclear plants to be built along the coast “at a suitable time” while also studying the feasibility of inland nuclear plants.

The fourth task is to expand international cooperation in energy, establish regional markets and participate in global energy governance. The fifth is to promote innovation in energy-related technology.

via More nuclear plants and renewable energy under new development plan | South China Morning Post.

19/11/2014

Narendra Modi Is in Fiji. This Shows Why – India Real Time – WSJ

Pristine beaches, blue skies,  it’s not hard to imagine why Indian Prime Minister Narendra Modi would want to stop by the island nation of Fiji after a hectic few days at the G-20 summit in Australia.

But there’s another reason Mr. Modi has made the newly-minted South Pacific democracy his final port of call during a three-nation tour that concludes Thursday: China.

In 2012, there was an influx of Chinese investors and companies expressing and registering their interest in setting up businesses in Fiji, according to Investment Fiji’s annual report for the year.

Chinese investors accounted for 20% of the projects registered by foreign companies in Fiji in 2012, while Indian investment accounted for 10%, the report said.

China has tried to raise its profile across the South Pacific over the past decade. The 12 South Pacific island nations that make up the region are much less populous than other parts of Asia, but have vast fishing grounds and potentially large deep-sea mineral deposits.

Chinese companies have bought stakes in Fiji’s largest gold mine and invested in its bauxite industry. Foreign direct investment by Chinese companies in Fiji accounted for around 37% of the value of projects registered this year, compared with just 2.9% in 2009.

Trade figures from Fiji’s Bureau of Statistics show that India lags far behind. In 2013, China exported $27.29 million in goods to Fiji, compared to $4.76 million imported to the island from India.

via Narendra Modi Is in Fiji. This Map Shows Why – India Real Time – WSJ.

26/10/2014

Three major nations absent as China launches World Bank rival in Asia | Reuters

Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.

China's President Xi Jinping (R) meets with the guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing October 24, 2014.  REUTERS/Takaki Yajima/Pool

China’s $50 billion Asian Infrastructure Investment Bank(AIIB) is seen as a challenge to the World Bank and Asian Development Bank, both of which count Washington and its allies as their biggest financial backers.

China, which is keen to extend its influence and soft power in the region, has limited voting rights in these existing banks despite being the world’s second-largest economy.

The AIIB, launched in Beijing at a ceremony attended by Chinese finance minister Lou Jiwei and delegates from 21 countries including India, Thailand and Malaysia, aims to give project loans to developing nations. China is set to be its largest shareholder with a stake of up to 50 percent.

Indonesia was not present and neither were South Korea and Australia, according to a pool report.

Japan, China’s main rival in Asia and which dominates the $175 billion Asian Development Bank along with the United States, was also not present, but it was not expected to be.

Media reports said U.S. Secretary of State John Kerry put pressure on Australia to stay out of the AIIB.

However, State Department spokeswoman Jen Psaki said: “Secretary Kerry has made clear directly to the Chinese as well as to other partners that we ‎welcome the idea of an infrastructure bank for Asia but we strongly urge that it meet international standards of governance and transparency.

“We have concerns about the ambiguous nature of the AIIB proposal as it currently stands, that we have also expressed publicly.”

In a speech to delegates after the inauguration, Chinese President Xi Jinping said the new bank would use the best practices of the World Bank and the Asian Development Bank.

“For the AIIB, its operation needs to follow multilateral rules and procedures,” Xi said. “We have also to learn from the World Bank and the Asian Development Bank and other existing multilateral development institutions in their good practices and useful experiences.”

via Three major nations absent as China launches World Bank rival in Asia | Reuters.

21/10/2014

India’s Narendra Modi to Star at Sydney’s Allphones Arena – India Real Time – WSJ

Since becoming prime minister, Narendra Modi has performed in New York’s storied Madison Square Garden  and played drums on stage in Japan.

His next big-ticket venue: Sydney’s Allphones Arena this November.

Mr. Modi will address what is expected to be a sell-out crowd at the 21,000-seat venue in Australia’s financial and commercial capital on Nov. 17 during his four-day trip to the country for the G20 summit in Brisbane.

Organizers say it will eclipse the prime minister’s biggest gig so far, when he spoke to a crowd of 18,000 people, mostly Indian-Americans, at Madison Square Garden on Sept. 28.

“This will be bigger and better,” said Balesh Singh Dhankhar one of the organizers of the reception for Mr. Modi. The Allphones Arena, built for the 2000 Olympics,  “has more grandeur” than Madison Square Garden, he added.

The stadium in Manhattan is famous for hosting some of the biggest names in entertainment, like the Beatles, Bruce Springsteen and “The Fight of the Century” between Muhammad Ali and Joe Frazier.

The Allphone Arena also hosts musical acts and boxing matches. In the same month as Mr. Modi’s visit, The Rolling Stones and Katy Perry will play the arena and an Ultimate Fighting Championship event will take place there.

Australia is home to around 350,000 people who were born in India, according to the latest census data from 2011. That was a 90% increase on the number recorded in the census in 2006, but a tenth the size of the Indian-American community in the United States.

After Mr. Modi’s speech in New York, people in Australia began asking when he would come here, said Mr. Dhankhar, a spokesman for the Indian Australian Community Foundation that is helping put on the event that was conceived only three weeks ago.

Some 14,000 people have registered in the first two and a half days of registration, according to the organizers. It will be broadcast live on Indian television channels.

“We invited Mr. Modi and said the Indian diaspora in Australia is very eager to see him,” Mr. Dhankhar added.

Tickets for the Sydney event are free and the show will start around 5.30p.m., but further details of the spectacle are under wraps right now, Mr. Dhankhar said. “There are a number of cultural and exciting events before the speech that would be a surprise for the audience in India and Australia. These will be wider and more surprising that at Madison Square Gardens.”

via India’s Narendra Modi to Star at Sydney’s Allphones Arena – India Real Time – WSJ.

18/09/2014

India to hold talks with China on civil nuclear cooperation | Reuters

India will open talks on civil nuclear energy cooperation with China, Prime Minister Narendra Modi said on Thursday after summit talks with Chinese President Xi Jinping in New Delhi.

The announcement, part of the new government’s push to broaden its nuclear energy sector, comes on the heels of a deal India struck this month to buy uranium from Australia to increase its fuel supplies.

“We will begin the process of discussions on civil nuclear energy cooperation that will bolster our broader cooperation on energy security,” Modi said in a statement, with Xi beside him, at a news conference.

Ahead of Xi’s visit, Chinese Assistant Foreign Minister Liu Jianchao told reporters that China had a “positive attitude” towards nuclear cooperation with India, but offered no details.

Behind the scenes, China has been pressing India hard to begin talks on civil nuclear cooperation, said W.P.S. Sidhu, a senior fellow at Brookings India.

Any deal for India to buy civil nuclear reactors from China may take years, but both countries benefit by starting the conversation, said Sidhu.

“It’s a way for India to explore other options,” he said.

via India to hold talks with China on civil nuclear cooperation | Reuters.

05/09/2014

Australia to sign uranium export deal with India – Businessweek


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Australia’s Prime Minister Tony Abbott met with his Indian counterpart Friday on a two-day state visit during which they are expected to sign a deal to allow the export of Australian uranium to India for use in power generation.

The agreement is expected to be signed Friday evening. Australia, which has almost a third of the world’s known uranium reserves, imposes strict conditions on uranium exports and India’s failure to sign the Nuclear Non-proliferation Treaty had long been a barrier to a trade deal.

Australia and India have been negotiating a nuclear safeguards agreement with verification mechanisms since 2012, when a former Australian government agreed on civil nuclear energy cooperation with India that would eventually allow the export of Australian uranium to the energy-starved South Asian nation.

India faces chronic shortages of electricity and about 65 percent of its installed power generation capacity comes from burning fossil fuels including oil, coal and natural gas. India is eager to expand its nuclear power capacity.

Australia’s decision to sell uranium to India follows a civil nuclear agreement with the United States. The deal with the U.S. was signed in 2008 and allowed Washington to sell nuclear fuel and technology to India without it giving up its military nuclear program.

India is seeking a similar agreement with Japan. The two sides have claimed “significant progress” but failed to reach a last-minute agreement on safeguards sought by Tokyo when the Indian Prime Minister Narendra Modi was in Japan earlier this month.

via Australia to sign uranium export deal with India – Businessweek.

14/08/2014

Chinese Buyers Are Driving a Boom in Australian Real Estate – China Real Time Report – WSJ

Australian house prices are rising quickly and demand from China is increasingly driving the boom, according to a report by Hong Kong-based brokerage CLSA.

The report, based on interviews with 50 industry participants in Australia, including major realtors, finds Chinese are now “driving the residential property market Down Under” adding that the “phenomenal investment” will continue for at least three more years.

CLSA says China is now the top source of foreign-capital investment in Australian real estate and anecdotal evidence indicates that foreign investment from China has continued to increase in 2014, having slowly accelerated over the last 5 years. The stock brokerage did not attempt to put a value on the investment.

CLSA said good education and a clean environment were driving demand from China.

“Australia offers both and we see no reason why its fundamental appeal will diminish,” it added.

There are currently only limited curbs on foreign buying of Australian property. Any newly built Australian property can be bought by foreigners . The purchase of existing properties needs the approval of Australia’s Foreign Investment Review Board.

Government data this week showed house prices nationally grew by 10% in the year-to-June 30, with Sydney prices racing at 15% over the same period.

The issue of Chinese investment in Australian housing investment has prompted concern among Australians about the potential to be frozen out of the housing market, especially the highly desirable inner city markets of Sydney and Melbourne.

A government investigation into the issue of foreign investment in Australian property is underway and will report its recommendations in October.  One of the limitations of the debate over the issue is that there is not reliable data on how much money is coming into property from overseas.

Australia’s central bank has been watching the rise in house prices but has so far downplayed the role Chinese money has had on prices growth. If house prices continue to climb, the reserve Bank of Australia might have to raise interest rates at a time when the economy is weak and unemployment at more than decade highs.

via Chinese Buyers Are Driving a Boom in Australian Real Estate – China Real Time Report – WSJ.

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