Archive for March, 2016

Success for 2016 Asia Week New York

March 28th, 2016

China’s economy is in trouble.  According to a recent article by Kristie Lu Stout, “On China,” host on CNN International, “Factories are losing steam, exports are declining and companies have taken on worryingly high levels of debt…..[and that] By 2020, it’s estimated that more than 200 million Chinese will go overseas, double the amount that did in 2013.”

Further, even though the US economy is gaining tenacity, according to the latest Marketplace Edison-Research Poll, this has not positively impacted the consumers’ buying power.  “The Marketplace Economic Anxiety Index — a trackable number derived from some of the poll’s questions — held steady at a score of 31 on a scale from zero to 100. The higher the number, the more stress someone is feeling.”  Dave Shaw in this article felt that the number did not plunge at all because “Americans continue to feel anxious about their economic situation and feel worried about meeting monthly expenses.”

So one might have expected the 2016 Asia Week New York event of March 10-19, to have been somewhat lower-key.  But, what actually happened was quite the opposite.  With the participation of 45 galleries from around the globe, the ten day event garnered a total of $130 million in sales.  Ultimately, as Chair of the event Lark Mason explained:

“For connoisseurs and collectors who want to immerse themselves fully in the wonders of the Far East, they know there is a once-a-year celebration that they must attend. And it’s no wonder. Asia Week combines top-flight galleries and world-renowned Asian art specialists for over a week of outstanding events and exhibitions—all sprinkled around the world’s most exhilarating city, New York!”

Ali Aboutaam, co-owner of Phoenix Ancient Art, was one of the participants in the extravaganza.  Displaying pieces from their American and Swiss galleries, Phoenix Ancient Art was able to show visitors the museum’s Chinese Bronze Buckle with Monkeys, Chinese Terracotta Figure of a Kneeling Court Lady and Chinese Wooden Figure of a Court Lady.  And as Phoenix Ancient Art’s Alexander Gheradi said, it was great for the gallery since it was able to access an Asian art crowd it has “never interacted with before.” As he continued, they were pleased to be the recipient of “very complimentary responses which was quite validating for us since Chinese art isn’t our main area of expertise as our focus is on Western Mediterranean and Egyptian antiquities.”

Another satisfied participant was James Lally of J.J. Lally & Co., who reported to have been “delighted [at the] high attendance [received] at [their] exhibition.” Indeed, 80 percent of his exhibition was sold before the end of Asia Week. He added: “The subject of our exhibition this year was very esoteric—ancient Chinese jade—but the response was very strong and we had many serious inquiries from American collectors and museums and we received many U.S. collectors and curators, as well as visitors from Asia and around the world.”

While there are struggles within both the Chinese and the US economy, Asia Week New York 2016 still enjoyed a great showing.

Asia Sun Investments

March 18th, 2016

solar-panelsIt might just be a good time right now to make an investment in the solar industry throughout Asia. This is because of the increase in populace in the area as well as the dearth of conventional energy sources. As a result, Asia is doing a fine job of promoting its alternative sources of energy.

Solar seems to be the one that is really gaining momentum in Asia. You just need to take a look at India and see how important solar is there; the government has stated that it intends to increase its solar capacity 30 fold in the next four years. At the end of 2015, ASEAN member states discussed the possibility of using renewable energy to solve the problems with limited electricity that the entire region encounter.

And then when you look at China, the revenue for solar power generation there increased at a yearly rate of 145.3 percent from 2010 to 2015, bringing in a grand total of $2.6(US) billion. So that’s real money and a real reason to get on the investment bandwagon for FDIs. Another advantage of solar investments is the increasingly popular promise of environmental consciousness and solving pollution issues.

And then there’s Indonesia. That region’s development as a solar market is likely to get quite substantial, given the Bali Clean Energy Forum’s announcement of a 5 GW goal. Especially given what Sudirman Said, Minister of Energy and Mineral Resources for Indonesia said on the launch of his Center of Excellence for Clean Energy that will expedite the expansion of renewable energy, up to 23 percent of the national energy mix by 2025. This center is set to “support the development of the 35 MW electrification programs [sic], of which 25% or about 8.8 GW will come from renewable energy.”

Ultimately, using renewable energy is a feasible method to generate energy in Asia. In terms of solar power, the South Asian region is privy to pretty much the perfect combination of high solar insulation and a large quantity of potential customers.