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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

Grid computing in Asia remains low, but interest is high

Grid computing in Asia remains low, but interest is high Asia Pacific companies are well of aware of the benefits of grid computing technology but adoption remains low, a recent study commissioned by Oracle said. According to the third Oracle Grid Index research, Asia Pacific leads the world in terms of awareness and readiness to grid computing. However, very few companies in the region are implementing it due to various concerns such as security, difficulties in implementation, and the cost of doing it. The Oracle Grid Index research, done by third-party firm Quocirca, maps the readiness and adoption rates all over the world

Sri Lanka defeat Pakistan in opener of Women’s Asia Cup

Sri Lanka defeat Pakistan in opener of Women’s Asia Cup Sri Lanka defeated Pakistan by 14 runs in a thrilling opening match of the second Women’s Asia Cup at the National Stadium Karachi (NSK) here on Wednesday. Chasing a winning target of 179 runs, the hosts were bowled out for 164 in the allotted 50 overs. Pakistan, who fought hard against their rivals, needed 15 off the last over but lost their last wicket off the second ball. Sri Lankan opener Dedunu De Silva, who scored the half-century, was declared woman of the match. Earlier, Sri Lanka skipper Shsikala Siriwardene won

Hurix Systems listed in Red Herring 200 Asia

Hurix Systems listed in Red Herring 200 Asia Hurix Systems Pvt. Ltd, the fastest growing eLearning company in India and one of the fastest growing technology companies in the Asia Pacific region, today announced that it has been named one of the 200 finalists for the Red Herring 100 Private Companies of Asia awards. Hurix Systems is proud to feature in the list of finalists for the Red Herring 100 Asia for 2006. This recognition is a validation of our business model, which has created outstanding growth for us in terms of revenues, new markets and new customers said Mr.

Toyota to set up Thai unit to oversee Asia operations

Toyota to set up Thai unit to oversee Asia operations Toyota Motor Corp. (7203.TO) plans to set up a new unit in Thailand to oversee Asian production outside Japan in a move to integrate operations in the regions fast-growing market. We are integrating our marketing and manufacturing teams, Akira Okabe, Toyota Motors senior managing director, told a press briefing. The new unit, Toyota Motor Asia Pacific Co. Ltd. (Thailand), will advise nine plants in locations including Thailand, Malaysia and Indonesia on matters related to production, purchasing and logistics. Japans biggest carmaker by value is also consolidating marketing decisions by appointing the