Under the Radar News, 12.23.2009

Posted on Wednesday, December 23, 2009 by Prashanth Parameswaran

A weekly compilation of underreported developments in Asia

  • China National Petroleum Corp (CNPC), the country's biggest oil and gas producer, signed an agreement with Myanmar's Energy Ministry for exclusive rights to build a China-Myanmar crude oil pipeline.

  • Top financial research firm Moody's says the Asia-Pacific is already well into the recovery phase and is leading the global economy out of recession.

  • Taiwanese President Ma Ying-Jeou pledges that his government will seal free trade agreements (FTA) with other nations after inking an economic cooperation framework agreement (ECFA) with China.

  • China will deliver eight domestically designed private business aircraft to Laos in 2010 in its latest bid to find a niche in the international aviation market.

  • Indonesia says it will donate more than 12,000 tons of rice to an Association of Southeast Asian Nations (ASEAN) integrated food security network to assist other countries when they are hit by natural disasters.

  • Cracks within the Malaysian opposition, if unaddressed, could thwart its efforts to take power in the country's next election.

  • Zhang Boshu, a vocal government critic who has advocated constitutional reform, was asked to resign from his post at a leading Chinese think tank.

  • Myanmar's state press declared that the new state constitution adopted last year cannot be changed before planned elections in 2010.

  • *NOTE: Under the Radar News will not be posted during the next week and will resume operation after the new year on January 8, 2010.

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