EXPERIENCE THE NEW WORLD: March 2009

MOST EXPENSIVE MOVIES OF 2008

11:00 AM

All the companies in various industries are now very much conscious about cost cutting and value engineering, but opposite of this, film industry is spending millions of dollar on a single movie. Lets the quick watch on expensive movies last year...

Quantum of Solace (Budget: $230,000,000) A 106 min movie star cast by new James Bond Daniel Craig and bond girl Olga Kurylenko as Camille. This movie is direct sequel of Casino Royale. It was the 22nd movie of James bond produced by EON Production. Film was shot in six different countries. The film was nominated for Best Original Score, Best Original Song.
The Chronicles of Narnia: Prince Caspian (Budget: $ 225,000,000) The Chronicles of Narnia: Prince Caspian is a fantasy film based on Prince Caspian, the second published novel in C. S. Lewis's fantasy series, The Chronicles of Narnia. The film was first released in US on May 16, 2008. Adding to the above budjet Disney has also spent $175,000,000 on the promoting the film.

Indiana Jones and the Kingdom of the Crystal Skull (Budget: $ 185,000,000) It was the fourth film in the Indiana Jones franchise. Indiana Jones and the Kingdom of the Crystal Skull was released worldwide on May 22, 2008. Most of the the film was shooted on five sound stages at Los Angeles.The film was nominated for Best Action Movie at the 2009 Critics' Choice Awards.

The Dark Knight (Budget: $ 185,000,000) The Dark Knight was based on the famous DC Comics character Batman, the film is the part of Nolan's Batman film series and a sequel to 2005's Batman Begins. The Dark Knight was mostly shooted in Chicago. It was also shooted in other locations in the US, the UK, and Hong Kong. The intersting thing is that this film has inroduced the Batpod ,which is a recreation of the Batcycle The Dark Knight got multiple awards ranging from Best Picture to Best Special Effects
Wall-E (Budget: $180,000,000) WALL-E movie (2008) was based on the story of a robot called WALL-E who is designed to clean the waste covered earth far in the future. He eventually falls in love with another robot named EVE, and follows her into outer space on an adventure that changes the destiny of both his kind and humanity.This is the movie which elaborate new platform in animation and the message is clear that we need to clean up after ourselves. Wall-E was voiced by Benn Burtt

Asian Economy Watch------2009

2:25 PM

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Everybody was discussing about Economic recession from so many months but actual recession has really come now. Now IMF has also admitted that this is really ‘deep recession’. This slowdown gallop developing as well as developed countries.

IMF says that this slowdown will affect the economy till 2010.The IMF says this will happen despite a big fiscal stimulus from many G20 countries designed to boost growth. Even the World Bank notes this is the first such contraction since World War 2, with growth at least five percentage points below potential. The World Bank also warned that global trade would contract for the first time since 1982, and that the decline would be the biggest since the 1930s.

But there was good news from World Bank for Chinese people, that china is fighting the global slowdown better than many countries due to its strong hand on banks. Moreover World Bank Appreciate the government on quick implementation of US$585 billion (RM2 trillion) of the stimulus plan.

"The government's stimulus is working (and) China's fundamentals are strong enough to ride out this storm," according to Louis Kuijs, a senior economist at the World Bank in Beijing.

Talking about other nations in Asia, India, Indonesia and the Philippines are only Asian coutries that experience economic growth apart from China this year, but they will have to adjust to much lower growth than in previous years.

Growth in India is forecast to slip to 5.7 percent for its financial year ending March 2010, after averaging 8.8 percent annually over the past five years. Large interst rate cuts , increased government spending ,tax and duty cuts should help growth recover in 2010-11 but only to 7 percent.Asian governments have announced big fiscal booster doose in recent months but they will take time to strenghthen the broader economy, analysts said.