AEI does not consider itself headquartered in any specific location; although AEI maintains a single web-operations office in North America, we are global in identity. AEI is not supported by any government or political entity. If you are interested in contributing to our cause, please visit the Contact Us page to get in contact or create an AEI account on the AEI Expert Network page.

AEI Mission Statement:

• - Our mission is to encourage transparency of information within and among Asian nations by delivering a reliable, precise and interactive flow of pertinent information about economic markets. We feel that a more transparent business climate will benefit every Asian nation.
• - Our mission is to deliver precise market information to our member readers. We believe that reliable economic data leads to better understanding of regional issues and discernment of solutions for the problems in these regions.
• - Our mission is to generate a healthy atmosphere of information exchange for the growing Asian market. This interactive flow of information will create a favorable business climate from which every Asian nation stands to benefit.
• - Our mission is to achieve our goals by creating an interactive educational community and the dissemination of information through various forums. These forums include business conferences, web seminars (AEI webinars), newsletters (the AEI Exclusives) and scholarly journals (the AEI Quarterly).

Click here to visit the Asia Economic Institute website.

Source: AsiaEcon.org

The price of crude oil hit a new high of almost $140 dollars a barrel on the New York mercantile this week. While Americans are affected by the daily damage of higher gas prices, industry around the world is feeling a significantly greater impact. In developing Asia, which consumes about 17 million barrels of oil a day (worth about US $2.38 billion at current market price), both businesses and workers are experiencing the strain of higher prices and loss of profits. In the smaller regions of Southern Asia, many have recently been driven to massive protest in order to protect their livelihoods.

“The market is extremely volatile at the moment,” says oil industry expert John Hall. “Any disruption to supply is immediately jumped on.” Much of the blame for the recent surge in oil prices falls on the weak US dollar (by which future markets trade oil). Other blame is placed on the sub-prime mortgage crisis, OPEC and terrorism in the Middle East. As fear and prices increase, a multiplier effect through several different markets occurs.

While making its way to industrial and consumer use, suppliers and governments must in turn pay for the inflated costs of fuel. In China, the country’s largest oil producer, Petro China Co., is facing heavy losses. “We predict the company’s net profit will drop 45 percent in the first half of the year,” said Liu Gu, an analyst with Guotai Jun’an Securities in Shenzhen, early in 2008. “If the year-long average crude oil price stands at $105 per barrel, we estimate PetroChina will pay over 120 billion yuan in windfall taxes.” With barrel prices now far beyond these predictions, major Chinese oil companies are facing unimaginable taxes.

Petro-China plans to create 60 billion yuan ($8.67 billion) in corporate bonds to reduce debt and finance better methods of natural gas and oil production. “The company needs large amounts of capital for project investments during the 11th Five-Year Plan (2006-10), as well as to cover rising windfall taxes caused by soaring crude prices and government caps on domestic refined oil product prices,” according to the statement.

Source: www.AsiaEcon.org

Please send comments and constructive suggestions to feedback@AsiaEcon.org

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The Asia Economic Institute (AEI) began in 1999 with the goal of fostering development and discussion between figures in Asian economics and consists of a coalition of top economic professors and analysts worldwide who research in their areas of expertise. Our principal goals are to act as a source of knowledge about the economic markets of Asia and to serve as a place where interested professionals can interact and further the mission of AEI.

AEI does not consider itself headquartered in any specific location; although AEI maintains a single web-operations office in North America, we are global in identity. AEI is not supported by any government or political entity. If you are interested in contributing to our cause, please visit the Contact Us page to get in contact or create an AEI account on the AEI Expert Network page.

AEI Mission Statement:

• - Our mission is to encourage transparency of information within and among Asian nations by delivering a reliable, precise and interactive flow of pertinent information about economic markets. We feel that a more transparent business climate will benefit every Asian nation.
• - Our mission is to deliver precise market information to our member readers. We believe that reliable economic data leads to better understanding of regional issues and discernment of solutions for the problems in these regions.
• - Our mission is to generate a healthy atmosphere of information exchange for the growing Asian market. This interactive flow of information will create a favorable business climate from which every Asian nation stands to benefit.
• - Our mission is to achieve our goals by creating an interactive educational community and the dissemination of information through various forums. These forums include business conferences, web seminars (AEI webinars), newsletters (the AEI Exclusives) and scholarly journals (the AEI Quarterly).

The Asia Economic Institute (AEI) began in 1999 with the goal of fostering development and discussion between figures in Asian economics and consists of a coalition of top economic professors and analysts worldwide who research in their areas of expertise. Our principal goals are to act as a source of knowledge about the economic markets of Asia and to serve as a place where interested professionals can interact and further the mission of AEI.

AEI does not consider itself headquartered in any specific location; although AEI maintains a single web-operations office in North America, we are global in identity. AEI is not supported by any government or political entity. If you are interested in contributing to our cause, please visit the Contact Us page to get in contact or create an AEI account on the AEI Expert Network page.

AEI Mission Statement:

• - Our mission is to encourage transparency of information within and among Asian nations by delivering a reliable, precise and interactive flow of pertinent information about economic markets. We feel that a more transparent business climate will benefit every Asian nation.
• - Our mission is to deliver precise market information to our member readers. We believe that reliable economic data leads to better understanding of regional issues and discernment of solutions for the problems in these regions.
• - Our mission is to generate a healthy atmosphere of information exchange for the growing Asian market. This interactive flow of information will create a favorable business climate from which every Asian nation stands to benefit.
• - Our mission is to achieve our goals by creating an interactive educational community and the dissemination of information through various forums. These forums include business conferences, web seminars (AEI webinars), newsletters (the AEI Exclusives) and scholarly journals (the AEI Quarterly).