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.
Fairfax to Acquire Indonesia's Batavia Insurance
Toronto-based Fairfax Financial Holdings Limited announced that it has, through its wholly-owned subsidiary, Fairfax Asia Limited, entered into a share purchase agreement pursuant to which it will acquire 80% of Indonesia-based PT Batavia Mitratama Insurance. Batavia is a general insurance company that specializes in vehicle coverage. Fairfax is a financial services holding company engaged in property and casualty insurance and reinsurance and investment management.
CIC Toronto Hosts Book Launch on China-Japan Relations
The Canadian International Council (CIC) Toronto Branch host a book launch featuring Dr. James Manicom, who examines the growing tensions between China and Japan over their maritime dispute in the East China Sea. Dr. Manicom is a Research Fellow at the Centre for International Governance Innovation in Waterloo, Ontario. The event, supported in part by APF Canada's National Conversation on Asia, will take place on April 30, 2014 at Aird & Berlis LLP in Toronto starting at 6:00pm. To register, click here.
Canada Signs US$40 Million Contract to Supply Potash to Bangladesh
Minister of International Trade, Ed Fast, announced that Canada has signed a US$40 million contract to supply potash to Bangladesh from Saskatoon-based potash exporter, Canpotex Ltd. The contract was negotiated between the Canadian Commercial Corporation (CCC) and the Bangladesh Agricultural Development Corporation. The contract includes an option for Canpotex to supply an additional US$20 million worth of potash. The CCC is a federal Crown corporation mandated to facilitate international trade on behalf of Canadian industry, particularly within government markets. The Bangladesh Agricultural Development Corporation is a national organization mandated to make arrangements throughout Bangladesh for the production, procurement, transport, storage and distribution of essential agricultural inputs.
DHX Media Announces Licensing Deals in China
DHX Media Ltd., a Halifax-based creator, producer, distributor and licensor of children's entertainment content, announced that it has renewed its agreement with UK-headquartered BBC Worldwide Asia to represent the licensing rights to its Teletubbies and In the Night Garden pre-school brands in China. In addition, DHX Media has signed an agreement with China's Shanghai V-Pop for the Chinese home entertainment rights to Teletubbies with DVDs launching at retail in 2014.
CCBC to Host Luncheon in Calgary with Canada’s Ambassador to China on May 1
The Canada China Business Council (CCBC) is hosting a luncheon event in Calgary on May 1 with Ambassador Guy Saint-Jacques, Canada’s ambassador to the People’s Republic of China, as the featured speaker. Ambassador Saint-Jacques will share his perspectives on the latest economic developments in China. For more information and to register, click here.