Reuters blog archive
from Global Investing:
By Alice Baghdjian
Uzbekistan, Bangladesh and Vietnam found themselves cheered and chided this week.
The Corruption Perceptions Index, compiled by Berlin-based watchdog Transparency International, measured the perceived levels of public sector corruption in 176 countries and all three found their way into the bottom half of the study.
Uzbekistan shared 170th place with Turkmenistan (a higher ranking denotes higher perceived corruption levels) . Vietnam was ranked 123th, tied with countries like Sierra Leone and Belarus, while Bangladesh was 144th.
Those findings are unlikely to surprise. But consider this. All three countries are said to boast some of the best prospects for business and growth over the next two decades. That's according to the findings of a separate study released in the same week.
from Photographers Blog:
By Gary Cameron
There’s an old military adage, which seems to follow more fact than fiction, that if you arrive 15 minutes BEFORE your scheduled starting time, you are late.
Given that, I found myself attempting to find the walkway to the Vietnam Veterans Memorial in Washington 30 minutes before the volunteers from the Vietnam Veterans of America local chapter 641 arrived at 06:00 for a weekly cleaning of the black granite and grounds.
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Wayne Arnold
Investors can’t stay mad at Vietnam. Even after a downgrade last month by rating agency Moody’s, they’re willing to lend Hanoi dollars for less. Rising exports have helped restore reserves and avert a potential balance of payments crisis, while top officials have apologised for economic mismanagement. In a world awash with cash, however, investors are all too eager to forgive and forget.
By Rob Cox
This column appears in the Oct. 1 edition of Newsweek magazine. The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Almost exactly two years ago this week, Christine Gregoire, the governor of the U.S. state of Washington, was in Vietnam handing out French fries made from potatoes grown in her state at a Kentucky Fried Chicken outlet in Ho Chi Minh City. Gregoire, accompanied by representatives of more than 50 companies from home, was in Vietnam trying to drum up business with America’s former military adversary. But the most important stop on Gregoire’s itinerary may have been a ribbon-cutting ceremony for a new deepwater shipping terminal at Cai Mep.
from Global Investing:
It's a hard slog sometimes looking for new and surprising sources of global economic growth that have not already be heavily discounted by global investors, especially in the uncertain world of 2012. It's been as hard of late to find new arguments to invest in China and quite a few people suggesting the opposite.
But a Credit Suisse report out on Tuesday homed in on worldwide urbanization trends to find out where this well-tested driver of economic activity was likely to have most impact int he 21st century. For a start, the big aggregate numbers are as dramatic as you'd imagine. More than half of the world's population now lives in urban areas, crossing that milestone for the first time in 2009. And, accordingly to United Nations projections, urban dwellers will account for 70 percent of humanity by 2050. As recently as 1950, 70 percent of us were country folk.
from Russell Boyce:
This week Pakistan marked its day of independence from British rule with parades, parties, face painting and bombs. Two pictures of faces covered in colour, one paint, the other blood, seems to sum up all there needs to be said about the national pride Pakistan feels while facing so many challenges. Visually the complementary colours of green and red (colours on opposite sides of the colour spectrum) make the pictures jump out of the page especially when put side by side. The angry eye staring out of the face of green in Mohsin Raza's picture engages the viewer full on while in Amir Hussain's picture the man seems oblivious of his wound as blood covers his face, again more opposites, this time not in colour but mood. India too is preparing to celebrate its independence and Dehli-based photographer Parivartan Sharma's picture of festival preparations came to mind after I put together the red-and-green combination picture from Pakistan.
(top left) A man, with his face painted depicting the colours of the Pakistan national flag, attends a ceremony to mark the country's Independence Day at the Wagah border crossing with India on the outskirts of Lahore August 14, 2011. Pakistan gained independence from British rule in 1947. REUTERS/Mohsin Raza
from Our Take on Your Take:
Sometimes the real action happens behind the scenes, as this image from Daniel Churechawa shows. Daniel got access to backstage at the Miss Vietnam Czech Republic competition in Prague to capture the eliminated contestants' disappointment.
from Global News Journal:
As has happened every few years since the mid-1940s Vietnam's Communists won parliamentary elections last month by a landslide, claiming 91.6 percent of the chamber's 500 seats, officials announced on Friday. No surprises there. The Communist Party has a constitutionally-mandated monopoly on power.
We noted in a story on election day that the vote was rigged to retain party control although the outcome would allow for the legislature's role in policymaking to continue to grow incrementally.
Vietnam has deployed troops to contain a rare mass protest by ethnic Hmong people that is testing the government's tolerance of minority Christians, just weeks after human rights activists accused leaders of persecuting another hill tribe. As many as 7,000 Hmong people began to gather several days ago in the far-flung mountains of Dien Bien Province, near the northwestern border with Laos and China, apparently for religious reasons although some were advocating an independent kingdom, according to diplomatic, government and other sources.
from Russell Boyce:
As India heads towards their Republic Day celebrations, Prime Minister Singh makes minor adjustments to his cabinet while outside on the streets people demonstrate over food and fuel price inflation and corruption. Adnan Abidi produces a great picture as a middle-aged demonstrator gets to feel the full force of a police water canon. In stark contrast, B Mathur gets a glimpse of the dress rehearsal of the full military parade planned to celebrate India's independence where the security forces are deployed in a somewhat different manner. Danish Siddiqui added to the file this week with a well seen picture to illustrate a government spending initiative with a man pulling a pipe across a building site, the shadow creating an eye like image that almost seems to wink at the viewer.
Police use water canons to disperse supporters of India's main opposition Bharatiya Janata Party (BJP) during a protest in New Delhi January 18, 2011. Thousands of the supporters on Tuesday in New Delhi held a protest against a recent hike in petrol prices and high inflation. REUTERS/Adnan Abidi