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VSNL Boosts Asia Subsea Capacity

VSNL Boosts Asia Subsea Capacity With demand for telecom services booming across India and other Asian countries, Videsh Sanchar Nigam Ltd. (VSNL) (NYSE: VSL - message board) is investing more than $600 million to upgrade its 20-terabit international submarine network with additional capacity. (See VSNL Plans Two Cable Systems.) In a move that will have equipment suppliers like Alcatel (NYSE: ALA - message board; Paris: CGEP:PA) and Fujitsu Ltd. (Tokyo: 6702 - message board; London: FUJ) rubbing their metaphorical hands, VSNL said last week it plans to spend $600 million on building two new submarine cable systems -- one connecting India

Asia’s energy thirst will stretch refiners

Asia's energy thirst will stretch refiners Asian demand for gasoline and other petroleum products is likely to outstrip refining capacity for the rest of the decade, even as new plants start up in countries like China, Caltex Australia said Thursday. Fuel demand started to exceed capacity in the region in about 2003 and is not likely to be met this decade, a trend that will bolster returns from oil processing, said the Caltex Australia chief executive, Dave Reeves. Australia may have to import 25 percent of its fuel supply by 2010 to prevent shortages, up from about 20 percent

FAO estimates Asia-Pacific bird flu losses at $10 million

FAO estimates Asia-Pacific bird flu losses at $10 million The Asia-Pacific region has suffered losses of around $10 million due to the bird flu pandemic, Food and Agriculture Organisations regional representative for Asia Pacific He Changchui said on Friday. He said over 200 million birds have been culled over two-and-a-half years due to the flu. All countries need to put in place vigilant surveillance and a timely action plan to prepare against further outbreaks, Changchui told reporters on the sidelines of regional conference on avian influenza control and pandemic preparedness in Asia. He said all countries in the region need

Asia set for $55bn broadband bonanza

Asia set for $55bn broadband bonanza Asia will be paying $55.1bn a year for broadband access by 2011, according to the latest market research. The number of broadband subscribers in the region will triple in just five years, from 86.63 million last year, to 235.84 million in 2011, research firm In-Stat predicts. The lions share of broadband revenue in Asia is currently being generated by a comparatively small section of the regions population. Last year, more than 60 per cent of the regions total $20.7bn broadband revenue came from subscribers in just two nations: Japan and South Korea. More than 62 per cent of

Around Asias markets: Indonesia turns to bond sales

Around Asias markets: Indonesia turns to bond sales Munandar Arif is selling half his stock holdings and all his investments in bank deposits to buy bonds in Indonesias first debt sale targeted at individuals. Interest rates are falling and Id get less and less when I put my money in bank deposits, said Arif, a project manager for a company that designs Internet banking services in Jakarta. Stocks are a gamble, while these bonds give me peace of mind Ill get a guaranteed high return for at least three years. The government is turning to its wealthier citizens