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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (23)	1/11/2001 11:45:10 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

Briefing Asia Joint Ventures Jan 11, 2001 Thursday, January 11 12:51 PM SGT An executive briefing on joint ventures for Jan 11, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. NOKIA TEAMS UP WITH CHINA.COM TO TAP BROADBAND MARKET BEIJING - Nokia, a leading supplier of mobile phones and Internet phone telecom networks internationally, has teamed up with China.com Corp. to tap China's broadband network market. The two parties announced on January 10 that the collaboration for Nokia is to provide better broadband services to China's Internet users. CHINA'S FAW VOLKSWAGON SOLD RECORD 110,000 CARS IN 2000 CHANGCHUN - Sino-German joint venture FAW-Volkswagen Automotive Co Ltd sold a record 110,000 cars last year to achieve the country's second largest market share after Shanghai Volkswagen. The joint venture, founded in 1991 between the First Automotive Group (FAW), the Volkswagen and Audi, has a total investment of 11.1 billion yuan. It is now the second largest car maker in China, mainly producing Jetta and Audi models. PCCW IN DATA SERVICES JV WITH SYBOND AND ASPENGINES HONG KONG - Pacific Century Cyberworks [PCCW] (SEHK: 0008) has announced a data center services joint venture between Powerb@se of PCCW, Sybond, the investment arm of Shell Electric Manufacturing (Holdings) Company Limited, and ASPEngines, Inc. In a statement, PCCW said PowerbaseEngines (PbE) Limited is the first company in the world to apply ASPEngines' technology in providing compute resources as a service. PbE's clients will be able to access powerful advanced compute resources on demand, yet have the flexibility to pay for only what is used due to a service dubbed 'Neutility.' 'S KOREAN ELECTRONICS FIRMS EYE GLOBAL PDP MARKET SEOUL - Domestic electronics firms are rushing to make inroads into the global plasma display panel [PDP] market, estimated to grow a steep 60.7 percent year-on-year to value US$4.5 billion this year, industry sources said Thursday. At present, FHP, a Fujitsu and Hitachi joint venture, and NEC are the market leaders, with Korea's Samsung SDI and LG Electronics following suit. ENOC EYEING RETAIL MARKETING OF PETROLEUM PRODUCTS IN INDIA NEW DELHI - Emirates National Oil Company Ltd [ENOC] said today it would like to enter the lucrative retail marketing of petroleum products in India in collaboration with Indian Oil Corporation [IOC], besides seeking joint venture partnerships in crude trading and other downstream sectors. "We are looking at niche downstream retail marketing of petroleum products in India in association with IOC," ENOC Chief Executive Hussain M Sultan told reporters after signing an extension of technical services agreement and manpower secondment agreement with IOC. MALAYSIA'S K&N KENANGA, STANDARD CHARTERED TO OFFER ONLINE TRADE KUALA LUMPUR - K&N Kenanga Bhd and Standard Chartered Bank Bhd have forged a strategic alliance to offer Kenanga's online trading system, KenNet, to Standard Chartered's Priority Banking Customers. K&N Kenanga managing director, Ramli Ismail, said that around 15 percent of the securities trading handled by the company were currently done through the Internet and Intranet. AUSTRALIA'S SUMICH GROUP TO INCREASE STAKE IN BIOTECH JV SYDNEY - Perth-based Sumich Group Ltd (ASX:SMG) has said it plans to increase its stake in bio-engineering joint venture company pSiMedica Ltd to 40.05 per cent and change its focus and name. Shares in the company were suspended from trading today following the announcement which include plans to rename the company pSiVida Ltd to reflect its changed focus as a bio-engineering and biotechnology group. GENERAL MOTORS MAY STILL ACQUIRE'S KOREA'S DAEWOO MOTOR SEOUL - United States-based automaker General Motors Corp has not yet release a firm decision on whether or not to purchase Daewoo Motor Co, putting the company and the South Korean government at a disadvantage, industry sources said Wednesday. GM completed a month-long preliminary due diligence which began in mid-October after Ford Motor Co. forfeited the option to buy in September, but it has not signed a memorandum of understanding, an initial stage before starting negotiations and conducting a detailed due diligence. JAPAN'S AJINOMOTO DENIES CANCELLING INDONESIAN INVESTMENT PLAN JAKARTA - PT Ajinomoto Indonesia has denied cancelling plans to invest Rp1.3 trillion (US$144.5 million) in Indonesia after the controversy and arrests resulting from allegations that it used pork products in its popular brand of seasoning. The Council of Ulemas (MUI) has announced that the Japanese company's Ajinomoto monosodium glutamate (MSG) product contains prok enzyme, which is forbidden by Islam. Indonesia is a predominantly Muslim country. (C) Asia Pulse Pte Ltd. CONTACT: Asia Pulse Production Centre Phone: (612) 9322 8634 Fax: (612) 9322 8639 asiapulse.com ASIA PULSE( -------------------------------------------------------------------------------- asia.dailynews.yahoo.com