‘Facebook plans to add music services’

1 September 2011

press trust of india
NEW YORK, 1 SEPT: Facebook Inc is preparing changes designed to make the site a hub for listening to music, watching movies and playing videogames in much the same way people already use the social network site to share personal media like photos and videos.
“Facebook Inc is preparing changes designed to make the site a hub for listening to music, watching movies and playing videogames,” the ‘Wall Street Journal’ reported citing a source.
Facebook Inc has recently said that it will begin letting online music services such as Spotify AB and Rdio Inc publish user activity on Facebook pages, much like actions such as adding friends or “liking” websites.
The move is part of a larger effort at Facebook Inc to improve the discovery of all types of media content on the site.
If finalised, the changes could be announced at Facebook Inc f8 developer conference in late September, the report said attributing a person familiar with the matter.
The Facebook initiative is designed to integrate the social-media giant more closely with services that let users stream free music or an unlimited amount of music for a monthly fee.
By contrast, Google and Amazon.com recently started “cloud” music services that let users upload their personal music collections to remote servers and listen to them remotely, and Apple is preparing to start a similar offering.
The report said that in some cases, music services could create a player that would sit within Facebook, letting users hear music without leaving the site. However, the music itself would still be delivered through the third-party service, which users would be required to log in to before listening.
The new arrangement wouldn’t represent a partnership with any particular music service, it added.
Meanwhile, the report said that Time Warner Inc’s Warner Brothers movie studio in recent months has begun renting movies on Facebook.
As with the proposed music offerings, users watch the movies on Facebook, but they are delivered by third parties. Warner Bros charges 30 to 40 Facebook credits for the rentals, with the site taking a 30 per cent fee, its standard cut of transactions using its proprietary currency. A Facebook  credit is worth 10 cents.

It is time for the United States to start investing in Cambodia

It is time for the United States to start investing in Cambodia to compete with China’s increasing investment in Cambodia.

China tops the list of investors in Cambodia, which mostly focus on agriculture, mining and dams. Bilateral trade between Cambodia and China reached $498 million in the first quarter of this year, a 216 per cent rise from $157.5 million in the corresponding period last year, according to statistics available from the Council for Development of Cambodia.

This is the news service from Xinhua.

Recently, a group of U.S. investors from the U.S.-ASEAN Business Council on Thursday visited Cambodia to observe investment opportunities and to boost trade and investment ties between U.S. and ASEAN member countries.
The firms are in the businesses of oil and gas, manufacturing industries, automobile, financial industry, technologies, telecommunications and health.

“The visit will be a good opportunity for the U.S. investors to learn about Cambodia’s potentials and it will also build stronger economic and trade relations between the U.S. and ASEAN member countries,” said Frances Zwenig, the Counselor of the U.S.-ASEAN Business Council in the news service of Xinhua.

During the first half of this year, the Council for the Development of Cambodia had reported that the U.S. investment projects in Cambodia was 142 million U.S. dollars, compared to the only 34.5 million U.S. dollars at the same period last year.

On the trade side, the two countries’ bilateral trade was around one billion U.S. dollars in the first half of this year, mostly Cambodia’s garment exports to the United States, according to the record of the Commerce Ministry.

Meanwhile, Hun Sen said Cambodia’s economic growth was currently supported by garment industry, tourism, agriculture and real estate, and the government had been encouraging foreign investors to put their ventures in extractive industries including mining, oil and gas in order to boost the economic growth.

The premier also asked the U.S. investors to consider investing in agriculture by setting up processing plants of rice, corn, cassava and rubber.

The delegation’s visit to Cambodia was made just two weeks after the U.S. Export-Import Bank (Exim Bank) and Cambodia Chamber of Commerce inked deal on trade loan guarantees to boost trade between the two countries.

Under the agreement, Exim Bank will provide loan guarantees to underwrite the risk of nonpayment of medium- and long-term loans extended by commercial banks to Cambodian buyers of U.S. goods and services.

Indian Tourists to Thailand is on the increase

By Sun Narin

Tourism Authority of Thailand (TAT) in New Dehli says that the number of Indian tourists in Thailand is up to 552300, increasing 36.21 percent in the first half of 2011 comparing to last year.

Chattan Kunjara Na Ayudhya, the director of TAT New Delhi Office, says that the excellent strength of the Indian economy is the major reason leading to the increase of tourists in Thailand, following the increased accessibility between the two countries.

“Indian people have more disposable income to travel. This is why there is a demand for international travel and now there are a lot of interesting places in Thailand that the tourists can enjoy for their holiday,” he said.

Recently, Bangkok Airways is likely to start running six flights a week between Mumbai and Bangkok to boost Indian tourists flow to Thailand. More airlines are flying to Thailand than ever before. The imminent launch of IndiGo flights from New Delhi to Thailand will be on 8 September 2011. There will be direct flights from Phuket to Kolkata in the mid-2012, he adds.

Kolkata has seen the remarkable increasing tourists to Thailand and 45 percent of passengers flying from Kolkata to Thailand came to Phuket. According to the Royal Thai Consulate General in Kolkata, the number of Indian tourists in the first half of 2011 is up to 26200 increasing 71.6 percent comparing to last year (18750).

Mr. Panupat Chavananikul, the consul in Kolkata said that: “Consulate in Kolkata is always working together to boost up the number of Indian tourists from time to time. Kolkata itself, we do have a function called “Destination Thailand” that will be held annually to promote Thailand tourism.
Last year, there were around 791,185 Indian tourists to Thailand. Most travelers from India to Thailand go for tourism. The percentage is around 60% for leisure and 40% for business, according to TNT.

“Thailand will expect the number will increase to 1052000 in 2012,” he says.

In July 2011, during the visit of the governor of Trang Province in Kolkata, he suggested Indian tourists to visit underwater wedding in Trang Province in southern Thailand. The underwater wedding is generally for western couples seeking a novel way to exchange vows.

Thailand covers the tropical island paradise of Ko Samui in the Gulf of Thailand which is attractive to everyone, magnificent beaches of Chaweng and Lamai, the
Big Buddha Beach, Wat Phra Yai, Laem So pagoda, Grandmother and Grandfather
Rocks, and Hin Lat Waterfall.

Thailand is keen to work with tourism authorities in India to ensure flight connectivity, lower airfares and cheaper hotels to make India and Thailand among the most preferred destinations.

Nearly 60,000 Thai visited India last year, of which 80 per cent were Buddhist pilgrims.

 

 

 

Cambodia keen on Indian investments

sun narin

KOLKATA, 1 SEPT: Indian investors are keen to invest in agriculture and mining sectors in Cambodia, according to the Indian Embassy in Phnom Penh, Cambodia. “A few investment proposals are being processed in the farm and mining sectors. However, we do not know the amount of money involved as yet,” says an Embassy official. The total bilateral trade between the two countries in 2009-10 was $50.60 million (Indian exports $45.54 million and imports $5.05 million). In the year 2010-11 (April to September) it was $31.43 million (Indian exports $28.08 million and imports of $3.35 million). In 2010, the Mumbai-based Bank of India launched its first branch in Cambodia, becoming the first bank from the sub-continent to set up shop there. The bank is gradually expanding its operations. Many reputed pharmaceutical companies of India, the famous liquor group United Breweries and several automobile companies have been doing well, the official says. During her visit to Cambodia in September 2010, India’s president, Mrs Prativa Patil signed two documents with Cambodia’s Prime Minster, Mr Hun Sen, including a memorandum of understanding for cooperation between the National Auditing Authority of Cambodia and the Comptroller and Auditor General of India. There was an agreement for Stung Tasal Water Resource Development Project (Phase 2) between the Cambodian government and the Export-Import Bank of India. China tops the list of investors in Cambodia, which mostly focus on agriculture, mining and dams. Bilateral trade between Cambodia and China reached $498 million in the first quarter of this year, a 216 per cent rise from $157.5 million in the corresponding period last year, according to statistics available from the Council for Development of Cambodia.