Amidst the news of India’s credit rating being lowered to negative by Standard & Poor's and words of Kaushik Basu – India’s chief economic adviser, on slow pace of reforms, comes another blow from the IMF (International Monetary Fund). The IMF report in the Asia Pacific Economic Outlook has cited governance apprehensions and the delayed pace of project approvals for a restraint in economic growth.

Korea’s third satellite will lift off from the southern island of Tanegashima, Japan on May 18, 2012.The KOMPSAT-3, also known as Arirang-3 carries a multispectral camera designed to provide geographical information of the Korean Peninsula.This multipurpose satellite is loaded on a Japanese rocket, according to Oh Kyu-wook from the Korea Herald/Asia News Network. This device is touted to distinguish a 0.7-meter object on the Earth, enhanced from the previous Arirang-2 launched in 2006.

Last Month after Spain found it tough to sell bonds, concerns about Europe debt crisis came to the forefront again, driving most Asian shares to fall. Companies that conduct business in Europe including Hutchison Whampoa and others took a beating at an auction of Spanish government bond, which in turn sparked concerns about the sovereign-debt crisis of the region.

Smartphones will outperform the overall market for mobile phones, growing at a compound annual growth rate (CAGR) of 24.9% for the period 2011__17 to reach 1.7 billion units, according to Ovum. Predictions show Android as the dominant operating system over the next five years as handset vendors rush to make it their primary smartphone platform.

Last month South Korea’s Defense Acquisition Program Administration (DAPA) commissioner Noh Dae-lae stated that DAPA had exceeded its defense exports goals last year and was now attempting to sell over $3 billion defense exports in 2012.  South Korea might have hit that $3 billion mark last year if it won a contract from the Indian Air Force to supply 75 KT-1 fighter aircraft trainers.

The International CES today announced its call for Speakers for the 2013 International CES, the world’s most important technology event, which returns to Las Vegas, Nevada, January 8-11, 2013.
Consistently ranked as one of the top 10 most desired speaking opportunities for CEOs, the International CES conference program features the consumer electronics industry뭩 top authorities to address the latest trends, strategies and upcoming business opportunities.

US diplomat Wendy Sherman recently told that the way India and the United States are getting into partnerships in various field including business or innovation, education etc, more connectivity is happening between the two countries. She also expressed support for Indian leadership in Asia.