Word: malaysia
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...just can't afford it. In Ghana, the male smoking rate (which in most places in the world is higher than the female rate) is only 8%; in the Democratic Republic of Congo, it's 14%; in Nigeria, it's 12%. Compare that with 31% in India, 56% in Malaysia and a whopping 61% in China. But the tobacco industry abhors a vacuum, and in recent years, industry players - principally London-based British American Tobacco, Switzerland-based Philip Morris International and the U.K.'s Imperial Tobacco - have been working hard to fill it. "We've done this before," says Allan...
...have jumped into the corporate-social-responsibility game, doing all manner of benevolent work across Africa and Asia. In 2005, Philip Morris paid $5 billion to buy Indonesian cigarette-maker Sampoerna, a company that was already pouring money into scholarships for local students. British American does similar work in Malaysia, and in Nigeria has devoted 1% of its local profits to improving access to drinking water, health care and vaccines. That kind of largesse buys the companies a measure of indebtedness...
When one thinks of Malaysia, good scones with clotted cream and strawberry jam are probably the last things that come to mind. But about 31/2 hours north of Kuala Lumpur, the niceties of an English high tea are just as much of a staple as a piping-hot satay. The Cameron Highlands, or the Camerons as locals refer to them, are dotted with tea plantations, strawberry fields, vegetable farms, villages and - as implausible as it sounds - English-style mock-Tudor hotels standing incongruously amid the jungle. Read "One Night in Kuala Lumpur...
...China's chief financial hub.) This step follows a series of "swap agreements" concluded with foreign countries that allow their central banks to acquire yuan for use in trade with China. So far this year, the Chinese central bank has inked six such agreements - with nations including Argentina, Malaysia and Indonesia - totaling 650 billion yuan ($95 billion...
...question is whether the foreign community will be as forgiving. Over the past year, Indonesia has profited from the political uncertainty in regional neighbors Thailand and Malaysia, with foreign investors considering the once turbulent country as an alternative location to park their cash. Indonesia recorded 4.1% year-on-year growth in the first quarter of this year, a particularly impressive feat given the global economic crisis. A peaceful presidential election on July 8 underscored the feeling that Indonesia, just 11 years after emerging from dictatorial rule, was transforming into a democracy serious about tackling corruption and wooing foreign investors with...