Canada-Asia News Service
A daily summary of Canada-Asia business and government news including top headlines from the region. Following a story? Search the archives.
Asia Pacific Foundation of Canada Appoints Stewart Beck as Incoming President and CEO
The Asia Pacific Foundation of Canada announced the appointment of Stewart Beck as its new President and CEO, effective August 15, following a world-wide search. Mr. Beck, Canada's current High Commissioner to India, has been tapped to lead the Foundation following Yuen Pau Woo's nine-year term at the helm of the organization. For the last four years, Beck has been High Commissioner to the Republic of India and the Ambassador to Nepal and Bhutan. During his tenure, the bilateral political and economic relationship with India has flourished, particularly in the areas of food and energy security, education and infrastructure development. He has devoted the second half of his career to the Canada-Asia relationship with successively more senior assignments at the Canadian Trade Office in Taiwan, Consulate General in Shanghai and as Director General for North Asia at Headquarters. While in Ottawa, Mr. Beck was Assistant Deputy Minister for International Business Development, Innovation and Investment where he worked closely with the Canadian business, university, financial and innovation communities.
West Cirque Resources, Kaizen Discovery Sign Agreement for All-Share Transaction
Vancouver-based West Cirque Resources Ltd. and Japan-based Kaizen Discovery Inc., announced the signing of a definitive agreement for Kaizen to acquire all of the common shares of West Cirque in an all-share transaction. Under the terms of the planned acquisition, each West Cirque shareholder will receive one-half of one Kaizen common share for each West Cirque common share. West Cirque is a mineral exploration company with seven prospective copper-gold porphyry exploration projects in BC. Kaizen is a technology-focused, mineral exploration company.
Fairmont Hotels and Resorts Announces Launch of Fairmont Residences Nanjing
Fairmont Hotels & Resorts, a Toronto-headquartered luxury hotel brand, announced the launch of Fairmont Residences Nanjing which are apartments being developed in Hexi New Town in Nanjing, China. The hotel features 146 residences and are located adjacent to the Jin Ao Tower. The development partner on the residential project is Jiangsu Golden Land. The hotel is scheduled to open in January 2015.
University of Calgary Publishes Report Calling for a Canadian Strategy for Deeper Integration with Asia
The University of Calgary's School of Public Policy published a report today by author Wendy Dobson examining the deepening relationship between the world's two largest economies – China and the United States – and argues that Canada needs a strategy for deeper integration with Asia. Ms. Dobson identifies several problem areas that need to be fixed when it comes to improving Canada's relationships with Asian countries, and highlights trade and investment should be a major focus. To read the full report, click here.
Imax, China's Wasu Announce Agreement for Home Theatre Content Delivery
Imax Corporation and TCL Multimedia Technology Holdings Ltd. (TCL Multimedia) have announced a joint venture partnership with Wasu Digital TV Media Group (Wasu) as part of their IMAX TCL home theatre initiative. As one of five operators approved by the state to deliver multimedia content to the home in China, Wasu will license and distribute IMAX-enhanced Hollywood and Chinese theatrical and other content to the IMAX-TCL premium home theatre system. Imax Corporation is an entertainment company headquartered in New York, Toronto and Los Angeles. TCL Multimedia is part of the TCL Corporation, a multinational electronics manufacturer, based in Huizhou, Guangdong, China.