Thursday, January 27, 2011

Asia computer market has room for both tablets and laptops

TAIPEI - Tablet computers such as Apple's iPad and Samsung's Galaxy have had a fanfare of publicity, but they are unlikely to kill off their older cousin the laptop anytime soon, say Asian analysts and vendors.

Sales of smaller-screen and cheaper netbook laptops may appear to be sloping off in a mature market like the United States, but analysts in Asia believe this is not the end of the road for the laptop itself.

"The tablet is a secondary device, meant for people who already have a PC and want a device for portable usage," said Tracy Tsai, a Taipei-based analyst with technology research company Gartner.

"Using the tablet as your only device is rare, as you still need something with a keyboard to type in things, and storage."

Apple's iPad has replaced half of US electronics chain store Best Buy's cheaper netbook sales, the retailer estimated last month, and the pressure can only increase as a stream of gadget makers bring out their own tablets.

Best Buy has begun showcasing e-readers, tablets and mobile devices in its most prominent store displays as Christmas approaches.

"People are willing to disproportionately spend for these devices because they are becoming so important to their lives," Best Buy Chief Executive Brian Dunn told the Wall Street Journal.

In Taiwan, a Nielsen Global Consumer survey in March found that 36 percent of people either had a tablet computer already or planned to buy one.

"iPads have faster Internet connections than laptops," said a vendor in downtown Taipei surnamed Wen. "It's lighter and easy to carry around so many people are buying it now."

But Taipei is not typical of Asia's billions of consumers, however, and there will initially be relatively limited markets for the iPad and competing tablets made by several manufacturers including Samsung and Dell.

"In emerging markets users in places like Shanghai or Beijing have a purchasing power similar to the average person in Singapore and Taipei, but it’s still limited to first-tier cities," said Gartner's Tsai.

"Most emerging markets are price-sensitive, and in Indonesia for example a price difference of 20 or 30 dollars is important."

Japan is definitely alert to the advantages of moderately-sized tablet computers in cramped spaces, but observers are careful not to pronounce the laptop dead, or even ailing, just yet.

"A tablet computer is an item you can literally walk around with in one hand," said Takumi Sado, a senior analyst at Daiwa Securities Capital Markets.

"You can carry a notebook computer around, too, but you still need to find a place to sit down and work on it.

"But if you want to type up something, a notebook computer still works better... At this point, I can only say that tablet PCs are for different needs, such as online search, from those of laptop computers."

Japanese electronics giant NEC, the dominant player in the domestic computer market, sold 2.73 million PCs last year, 60 percent of which were laptops, a company spokesman said.

"Basically in Japan, a notebook computer has become an essential item in a regular household. We are considering a tablet PC as an item somewhere between a notebook and a mobile phone," he said.

"We think the tablet computers will create a whole new market on top of notebook PCs. We don't think the tablet would diminish the market of laptop computers."

Toshiba, another Japanese electronics giant, has marketed a mobile PC model without a keyboard, called the libretto, which opens up like a book with two slate displays on both sides.

The company said it has also developed a slate-type tablet computer called Folio 100, planning to release it next year only in Europe, Africa, Middle East and part of Asia including Southeast Asian nations, but not in Japan.

"The company believes tablet computers are a new category of products," a Toshiba spokeswoman said.

New technologies can be disruptive, even destructive. But they can also be the opposite, giving new momentum to existing, more mature technologies.

"Tablet PCs and laptops have different functions and are expected to create a different segment of consumers and will complement each other," said James Song, a Seoul-based analyst for Daewoo Securities.

"So tablets will enhance the overall usage of mobile PCs."

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Wednesday, January 26, 2011

Concerns rise over 3G network security

Concerns rise over 3G network security

Third generation services are widely used in Vietnam but cell phones are becoming the target of hackers.


When mobile phone users connect to 3G networks, it is the equivalent of
connecting to a LAN network but without an administrator. With
traditional networks, hackers try to gain access through modems, but
together with security measures provided by ISPs, they generally block
hackers.


LAN networks are usually controlled by IT
technicians with firewalls to prevent hackers from stealing information
but 3G users do not have this security.


Nguyen Minh
Duc, Director of BKIS Security says hackers can use regular 3G
subscriptions to access other devices via Internet Protocol (IP) and
exploit security vulnerabilities.


Duc says the 3G
network in Vietnam does not have the standard configuration or safety
barriers to limit the risk of intrusion from hackers.


Viettel recommends that their clients should take the initiative
themselves by installing antivirus software, antispam and firewall.


Fake phone number annoy cell phone users


Most mobile service providers allow calls from internet based
technology. These calls connect through an ISP, sometimes located in a
foreign country.


Vietnam's mobile service providers
have addressed this problem by filtering calls generated from the
internet. In the case of internet calls, telephone number are displayed
on the recipient's phone with national codes.


Pham
Dinh Truong, Deputy General Director of Viettel says they have adopted
measures to prevent fraudulent calls from abroad. Viettel also launched
its Message Plus system in August after a trial period in the Central
Region./.

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Asia-Pacific firms worried over carbon laws - survey

MELBOURNE - Asia-Pacific firms are worried that tougher laws on greenhouse gas emissions will hit financial performance and uncertainties on the issue are already limiting their ability to raise capital, a survey published on Monday showed.

The survey by Standard & Poor's and carbon analytics firm RepuTex also found only a minority of firms demonstrated a high understanding of risks associated with tighter carbon laws.

"Respondents from all sectors across the entire Asia-Pacific region clearly stated that they anticipate climate change to progressively affect their financial statements," it said.

The study found 41 percent of the respondents reported that to a degree they were already feeling the impact of carbon regulations on their fund-raising activity.

It indicated some firms were actively exploring strategies to turn financial risks associated with greenhouse gas emission laws into opportunities to gain a competitive advantage, but only a minority showed a high understanding.

"Existing levels of awareness around factors such as carbon prices, expected climate change regulation, financial risks, and opportunities are relatively low, indicating that there is a substantial knowledge gap that may need to be addressed to achieve effective risk management," said the survey, released at at the annual Carbon Expo Australasia conference.

The survey polled 300 firms but was based on responses from 28 companies although the results also included data from 1,657 Asia Pacific companies monitored by RepuTex.

Around 90 percent of respondents expressed concern about the impact of physical climate change on their industry, with most concern shown by firms operating in Japan, Malaysia, and India.

By sector, real estate, metals and mining, consumer products and transportation saw climate change as having the most physical impact on their operations.

According to data provided by RepuTex, the most carbon-intensive sectors in the Asia-Pacific region are utilities, responsible for 58 percent of the region's emissions, energy, accounting for 18 percent, and materials, 13 percent.

The data showed Japan produced the largest portion of carbon emissions in the region, accounting for 31 percent, followed by China, on 29 percent, and South Korea, 11 percent.

The survey found that 46 percent of a respondents recognized carbon change commitments as a possible source of competitive advantage, leading them to analyze future carbon liabilities while building carbon-management strategies.

Investors wary of carbon risk

Firms in the survey also indicated they believed the evolving regulatory and physical environment in the region meant investors were increasingly identifying firms which posed the greatest risk to their investment portfolios over potential carbon liabilities.

Investors were increasingly seeking to buy stock in carbon-efficient leaders, the companies in the survey believed.

The participating firms also recognized that behavioral change and the use of new technology to reduce carbon footprints opened up opportunities to cut exposure to higher energy costs.

Nearly 80 percent of the respondents chose implementing energy efficiency measures as the most preferable and feasible option to mitigate carbon exposure.

Investing in clean technologies, innovation, and renewable energy, and retrofitting and optimizing existing processes, were chosen by 71 percent of the respondents.

"We believe that this indicates that respondents are taking advantage of low-hanging fruit such as energy-efficiency measures, which often result in cost savings," Standard & Poor's/RepuTex said.

They said the oil and gas, metals and mining, electric utilities, and integrated gas sectors anticipated significant carbon exposure under future emissions trading schemes, and were already performing direct-emissions forecasting to determine future carbon liabilities.

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Third private carrier flies Vietnam's skies

Air Mekong, Vietnam's third private airline, received its Air Operator's Certificate from the Civil Aviation Administration of Vietnam (CAAV) in southern Kien Giang Province on Friday.

On the same day, the carrier also launched its first two routes, Hanoi – Phu Quoc and Ho Chi Minh City – Phu Quoc.

"The Vietnamese aviation market is dramatically developing. The aviation demand, especially for domestic flights, will increase considerably in the next few years," said CAAV deputy director Dinh Viet Thang.

"The introduction of Air Mekong is essential to meeting market demand, diversifying aviation services and increasing competitiveness," Thang said.

"The CAAV's certificate will open up a new page for our development", said Air Mekong chairman Doan Quoc Viet.

Air Mekong would start commercial operations since Saturday with eight flights from Hanoi and HCMC to Phu Quoc, Con Dao, Buon Me Thuot, Pleiku, Viet said, adding that they would expand operations to 10 flights from November including destinations of Dalat in the Central Highlands and Danang City.

The airline has launched a promotional offer until November 9 with 1,000 tickets at prices ranging from VND400,000 to VND1.2 million (US$20.50-61.50) for flights on all its domestic routes. Tickets are on sale at travel agents and via Air Mekong's website and customer care centers.

Air Mekong was established in 2009 by Ha Long Investment and Development Co and is based at Phu Quoc Airport. The existing two private carriers operating in Vietnam are Indochina Airlines and VietJet AirAsia.

The CAAV said there were also a number of other organisations and individuals planning to launch airlines. To qualify, private operators must have a charter capital of at least VND500 billion ($26.3 million) to fly internationally and VND200 billion ($10.5 million) to launch domestic flights. They must also meet strict aviation and security standards.

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Concerns rise over 3G network security

Third generation mobile services are widely used in Vietnam but cell phones are becoming the target of hackers.

When mobile phone users connect to 3G networks, it is the equivalent of connecting to a LAN network but without an administrator. With traditional networks, hackers try to gain access through modems, but together with security measures provided by ISPs, they generally block hackers.

LAN networks are usually controlled by IT technicians with firewalls to prevent hackers from stealing information but 3G users do not have this security.

Nguyen Minh Duc, director of BKIS Security says hackers can use regular 3G subscriptions to access other devices via Internet Protocol (IP) and exploit security vulnerabilities.

Duc says the 3G network in Vietnam does not have the standard configuration or safety barriers to limit the risk of intrusion from hackers.

Viettel recommends that their clients should take the initiative themselves by installing antivirus software, antispam and firewall.

Fake phone number annoy cell phone users

Most mobile service providers allow calls from internet based technology. These calls connect through an ISP, sometimes located in a foreign country.

Vietnam's mobile service providers have addressed this problem by filtering calls generated from the internet. In the case of internet calls, telephone number are displayed on the recipient's phone with national codes.

Pham Dinh Truong, deputy general director of Viettel says they have adopted measures to prevent fraudulent calls from abroad. Viettel also launched its Message Plus system in August after a trial period in the Central Region.

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HCMC apartment market beginning to stir: report

In the Ho Chi Minh City property market, the apartment for sale segment saw both supply and demand rise in the third quarter, consultancy Savills Vietnam said in its quarterly report.

The supply of new apartments reached a record 16,600 units by the end of September, nearly triple the number from a year earlier.

Nearly 7,200 came into the market in the third quarter against 3,200 in the second and 2,900 in Q1.

The grade C segment saw the highest number of new projects, with the majority of them located in Tan Phu, Binh Chanh, and Binh Tan Districts.

The third quarter also saw the highest number of apartments sold in the primary market this year -- at approximately 4,400 units, they were equal to the cumulative number in the previous two quarters.

The majority of them, around 80 percent, were grade C units. Demand was mainly in the segment priced below US$1,000 per square meter, which saw sales of nearly 3,300 units.

Rising demand for apartments was fuelled by increasing disposable incomes and growing migration to the city.

The demand is expected to remain strong in the lower-cost segment where units cost VND800 million to VND1.5 billion ($42,000 – $79,000).

A further 26 apartment projects are expected to launch in the next two quarters, offering around 10,000 units.

In the next two years 104,000 new units will be built and put for sale.

Serviced apartments

There were around 2,950 serviced apartments of all grades for lease in the city, up 6 percent quarter on quarter.

Districts 1 and 3 alone accounted for 62 percent of them, with District 1 ranking first with 1,500 units.

With no new projects completed in Q3, the primary market remained unchanged at eight projects and approximately 800 units.

Almost 490 villas and houses were sold. The price of villa land ranged from $1,500 to $2,500 per square meter on average.

The Phu My Hung New Urban Area in District 7 accounted for 70 percent of the villas and houses that came into the secondary market and they sold at an average price of $600,000 –$2.8 million. HCMC’s population growth averages 3.5 percent a year, double the national rate.

With many projects being in the planning stage or awaiting licenses, the market is expected to add at least 9,500 villas and townhouses in the next few years, most in outlying districts like 9, Can Gio, Binh Chanh, Binh Tan, and Hoc Mon.

District 9 is likely to rank first in terms of total area of units and number of projects.

Between 2004 and 2009 around 1.6 million people migrated to the country’s southeastern region, with a million coming to HCMC alone, Savills said.

HCMC downtown still gold mine

Though becoming increasingly congested, District 1 and its neighbors District 7 and District 2 are still attractive to investors.

In the hotel segment, nearly 83 percent of future supply will be in District 1, concentrated in this district near the main tourist and business areas.

More than half of the 100,000 square meters of office space that will come into the market by year-end will be in District 1 buildings like Bitexco Financial Tower (37,000 square meters) and HMTC-Savico building (15,500 sq.m).

In the medium term, around 900,000 sq.m out of 1.2 million square meters will be supply in districts 1, 2 and 7.

In the retail segment, Districts 1 and 7 will account for 54 percent of the 700,000 sq.m of new supply by 2012.

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IFC to buy 10 percent stake in Vietinbank for 190 mln USD

Vietinbank on Oct.10 agreed to sell a 10-percent stake in the firm to
International Finance Corporation (IFC) for 190 million USD. The deal
makes Vietinbank the first partly equitised State-owned bank to become
part-owned by a foreign strategic investor. It made its initial public
offering 22 months ago.


The price was set by the Government, the Ministry of Finance and the State Bank of Vietnam.


IFC will support Vietinbank with technologies, international business development and management.


Vietnam's largest partly-private lender announced on Oct. 10 its total
assets at the end of August had risen nearly 30 percent from the end of
2009 to 320 trillion VND (16.41 billion USD).


In
the first eight months of this year, the Hanoi-based lender raised more
than 290 trillion VND in deposits and lent 199.5 trillion VND. Its bad
debt stood at 1.05 percent of all loans, below an annual target of 2.5
percent for 2010.


The bank plans to pay a dividend
of 20 percent of its shares' face value of 10,000 VND for 2010, higher
than its initial target of around 15 percent, the statement said,
without giving profit figures for the eight-month period.


Vietinbank expects to increase its charter capital to 23 trillion VND
(1.18 billion USD) by the end of the year, and the figure is slated to
reach 35 trillion VND (1.8 billion USD) next year.


"By helping Vietinbank build up its capacity and strengthen its products
and services, IFC will assist the bank in reaching more small – and
medium-sized enterprises through its nationwide network," said Simon
Andrews, IFC regional manager for Vietnam, Cambodia, Laos, and Thailand.


"The proposed engagement will help Vietinbank
further develop as a leading SME and underlines IFC's support for the
Government's equitisation programme in the financial and banking
sectors."


The Hanoi-based bank also plans to sell a
stake of 15 percent to Canada's Bank of Nova Scotia to raise its
registered capital by 35 percent to 15.1 trillion VND. The deal is
expected to be finalised in December.


Shares of Vietinbank (coded CTG on the HCM Stock Exchange) closed at 18,700 VND per share on Oct.8.


Vietinbank went public in December 2007, becoming the first State-owned bank to do so.


However, it has struggled to find a foreign strategic investor./.

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