Tag Archives: Asia

Robot turning Japanese children into calligraphers

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“The machine itself consists of multiple engines and a mechanical arm which is attached to a brush. Its hard drive has been imbued with the skills of 90-year-old Juho Sado, a master calligrapher who taught the robot how to write a series of ‘Kanji’ characters down to the most imperceptible of wrist movements and brush strokes. ‘When you take the brush, it’s as if the master himself is holding your hand and guiding you,’ said Ayaka Matsui, an assistant of Professor Katsura who teaches children how to use the robot during introductory workshops at the university.”

http://www.rawstory.com/rs/2013/08/01/robot-turning-japanese-children-into-calligraphers/

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Thailand Bitcoin issues – Not exactly true

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“There are reports that Thailand has advised against using Bitcoin. We read the article and in one instance, it stated that the Bank advised against using Bitcoin, then later stated it was banned. Some questions arose as to which is fact and which is made up as we could not figure out how a private company can create Thai law on something it has no clue about. We asked around and could not find any factual statement from a Government agency that what Bitcoin.co.th has said was true. Looking at the business model and the lack of useability of Bitcoin in Thailand, it soon appeared that some statements are not entirely true.”

http://rimbit.com/index.php/bitcoin-news/85-thailand-bitcoin-issues-not-exactly-true

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An Idiot’s Guide to Bitcoin: the man behind the book

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“He explains, ‘Because I’m from Africa, I pay a lot of attention to what’s happening there. The developing world is absolutely poised to pioneer this revolution, if you want to call it that, because their national fiats are inflation-ridden, over-taxed and over-controlled; the places with the highest buy into bitcoin is the developing world. Then you have the western world, who are complacent, who are comfortable, who are kept that way and who don’t have an immediate, on the ground need for bitcoin, where the developing world do. If it can go viral in India then a sixth of the world’s population will accept bitcoin. That would be wonderful.'”

http://bitscanfeatures.blogspot.com/2013/08/an-idiots-guide-to-bitcoin-man-behind.html

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Scientists release test to combat counterfeiting of legendary ‘cat poop’ coffee

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“The Asian palm civet eats coffee cherries, the fruit of the coffee plant. They digest the soft fruit and excrete the seeds in their feces, which, according to connoisseurs, gives the coffee a flavor unlike any other in the world. The fact that people will pay exorbitant amounts for real Kopi Luwak has led to a thriving black market in fake Kopi Luwak. Some people sell regular coffee beans and claim they are the famous civet coffee. Others adulterate Kopi Luwak beans with regular coffee beans, hoping drinkers won’t notice the inferior quality. Scientists have developed a test that checks for the unique chemical fingerprint on Kopi Luwak.”

http://www.rawstory.com/rs/2013/08/21/scientists-release-test-to-combat-counterfeiting-of-legendary-cat-poop-coffee/

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The Forgotten Country Where Profits Beckon

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“In my travels through Eastern and Southeastern Europe over the last couple of years, I’ve heard time and again about the Germans. They’re everywhere. In Hungary. In Turkey. In Slovakia. In Romania. They’re all over Poland. And like Genghis Khan, they’re invading Kazakhstan in search of oil and gas and other natural resources the Germans need to power the great German manufacturing machine.  Honestly, you could do a lot worse as an investor than following Germany around the world. Unlike the U.S., the Germans are flooding into some of the fastest-growth markets in the world – Mongolia, Eastern Europe and Kazakhstan.”

http://sovereign-investor.com/2013/08/22/the-forgotten-country-where-profits-beckon/

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“The Biggest Growth Opportunity in the History of Capitalism”

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“While America’s middle class is disappearing, there’s a whole new middle class rising around the globe. Over the past two decades, urbanization and market-oriented economic policies have powered the growth of this new consumer class. This new middle class is demanding access to clean water, clothing, TVs, health care, housing, food … you name it.  McKinsey Global Institute calls the rise of this new middle class ‘the biggest growth opportunity in the history of capitalism … an economic force that’s over 1,000 times as big as the Industrial Revolution.'”

http://sovereign-investor.com/2013/08/13/the-biggest-growth-opportunity-in-the-history-of-capitalism/

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India’s recycled Gold supply may hit 300 tons in 2013

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“‘Jewellers will need more gold to manufacture jewellery, as imports have been heavily restricted. If I sell today and (am) not in a position to replenish my stocks, then I’ll have a problem and then I’ll have to source gold from somewhere else,’ said Bachhraj Bamalwa, director of the All India Gems and Jewellery Trade Federation, in a interview with Reuters.  With the Rupee crashing to new all-time lows on the currency market, however, gold prices are near record highs for Indian households.  Indian government has doubled taxes on bullion imports this year to shrink a ballooning trade deficit and end a slide in the rupee. Gold is the country’s second largest import after oil.”

http://www.scrapregister.com/news/1481/-indias-recycled-gold-supply-may-hit-300-tons-in-2013-gjf

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Dubai’s gold trade waits on India windfall

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“UAE’s gold and jewellery trade aims to be a direct beneficiary as India imposes further controls on domestic consumption of the metal in all its forms. But the spin-off for local jewellers will not be confined to tapping demand from Indian shoppers who want to make use of the growing price differential. ‘We have heard reports about new controls on gold purchases in Pakistan and higher taxes elsewhere in south-east Asia, all of which significantly raises the attractiveness of buying jewellery here and then taking it back to their home countries,’ said Shamlal Ahmad, director of international operations at Malabar Gold and Diamonds.”

http://gulfnews.com/business/retail/dubai-s-gold-trade-waits-on-india-windfall-1.1221919

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Will the new gold iPhone lead to an unexpected windfall for Apple in China and India?

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“Amid all the head-scratching about the apparently confirmed (but not by Apple) rumor of a forthcoming gold iPhone, one observation has come up again and again: It’s likely to be quite popular in China and India.  In China, ‘[N]othing trumps gold as a symbol of wealth and privilege,’ Simon Cousins, CEO of China-focused PR company Illuminant told Gizmodo. All Things D, among others, has reported that the gold coating would be an option on the iPhone 5S.  Gold is also extremely popular in India.”

http://qz.com/117073/will-the-new-gold-iphone-lead-to-an-unexpected-windfall-for-apple-in-china-and-india/

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Emerging market rout threatens wider global economy

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“India’s rupee and Turkey’s lira both crashed to record lows on Thursday following the US Federal Reserve releasing minutes which signalled a wind-down of quantitative easing as soon as next month.  A string of countries have been burning foreign reserves to defend exchange rates, with holdings down 8pc in Ecuador, 6pc in Kazakhstan and Kuwait, and 5.5pc in Indonesia in July alone. Turkey’s reserves have dropped 15pc this year. It was Fed tightening and a rising dollar that set off Latin America’s crisis in the early 1980s and East Asia’s crisis in the mid-1990s. Both episodes were contained, though not easily.”

http://www.telegraph.co.uk/finance/financialcrisis/10260693/Emerging-market-rout-threatens-wider-global-economy.html

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