This is the second ASM’s branch in India, the first one was opened in Goa in 2006. In December 2010, Aviation Services management and Abu Dhabi-based international luxury flight services company Royal Jet formed a joint venture to target the Indian market. Currently, the BVI company provides charter sales and marketing in India for Royal Jet, and Royal Jet operates six Boeing Business Jets as well as Gulfstream G300 and GIV, Embraer Lineage 1000 and Learjet 60 aircraft.

ASM is also looking into many other areas to improve its service to the clients, such as logistics and operations support. Company’s expansion in India anticipates further growth in the business aviation sector. According to ASM, country’s corporate jet fleet currently stands at 450 (136 of them being registered in India), and is projected to rise to 1,200 aircraft by 2020.

The BVI company, founded in 1998, specializes in flight support services, operations consultancy, charter brokerage, aircraft management, flight planning and government and regulatory compliance. Almost half of its business is reselling fuel.

ASM reported US$165 million in turnover last year, this is a 20-percent increase in its business over 2009. The BVI company now employs 40 people in Dubai and the nearby emirate of Sharjah, as well as in the UK, Goa and Mumbai.

The sale which will cost 7.06 billion dollar is expected to be completed next year. According to the statement of British Petroleum, the deal was part of its plan to divest up to 30 billion dollars of assets by the end of 2011 to cover costs incurred during the Gulf of Mexico oil spill at BP drilling rig. So far, BP raised 14 billion dollars from asset sales.

The BVI-registered Bridas Corporation is 50%-owned by Cnooc International, the international subsidiary of China National Offshore Oil Company, and 50% by Bridas Energy Holdings.

By terms of the agreement, Paragon will acquire an interest of 10% of Meso following the expenditure of US$2,000,000 on Lemphane. Initial cash payment of US$500 thousand is payable immediately to start the exploration work, further US$500 thousand will be paid to advance its second phase, payable in cash six months following the completion of the JV agreement. A final payment of US$1 million payable in cash or shares in Paragon twelve months after signing of the joint venture agreement.

International Diamond Consultants Ltd is focused on evaluating and developing diamond projects in sub Saharan Africa. 44.3% of the BVI company is owned by Grandinex International Corp.

Under the terms of the agreement, the BVI corporation will invest US$2.7 million for 80% stake in Pansoft (Japan) Company Limited, which will have two subsidiaries. One of them will be based in Osaka, Japan, and will be comprised of the two departments merged from the JV Partners, and the second one will consist of a software development and testing center based in Jinan, China.

Management Information Center Co., Ltd. and Seven Colors Corporation will be responsible for sourcing business orders and maintaining the relationship with SBC.

Chairman of the BVI company Hugh Wang said that joint venture with Japanese entities is the starting point of company’s entry into the Japanese outsourcing market, and they are optimistic about the market demand for overseas software outsourcing services. By his words, the mobile-phone software market is also expected “to experience dramatic growth” in the near term. In two years, Pansoft is expected to reach more than JPY 1 billion in annual revenue.

Scientific Games Corp., manufacturer of video lottery terminals and other gaming systems, announced that it will form a joint venture with Playtech Limited, a gaming software developer registered in the British Virgin Islands. The entity called Sciplay and formed with the purpose to develop new products will focus on the online market for government-regulated lottery and gaming.

Scientific Games and Playtech will also work together on developing gaming terminals using Playtech’s Videobet software and technology expertise. Both companies said their partnerships will not make significant impact on the earnings of Scientific Games in 2010, but will add some earnings to Playtech. In the next year, the joint venture is expected to boost earnings at both companies.

The joint venture will provide possibility for the BVI company to rapidly move Yucheng’s E-Banking ASP into a leading positions in hosted e-banking for China.  It will expand the scope of the E-Banking ASP and allow to grow more rapidly than Yucheng’s resources and expertise permitted without the joining with NTT DATA Group. The E-Banking ASP target market includes hundreds of small to medium-sized banks in China.

NTT DATA will contribute to the joint venture with its experiences from its ANSER Unit Operation Center and Core Operating System Data Center, as well as experience operating outsourced platforms. Yucheng will contribute its E-Banking ASP technology, existing client base and local market expertise.

The joint venture will be officially launched on January 19, 2010. NTT DATA will hold a controlling interest of 51% in it, and Yucheng will be the holder of 49%. BVI company’s COO Shuo Zeng will act as interim CEO of the joint venture, until appropriate appointments are made.

China Cablecom is originally operating in highly populated Shandong province of PRC, but in 2009 the company acquired 55% interest in a cable network in Hubei province. The concluded agreements follow the strategic alliance framework agreement between Hubei Unicom and Hubei General Radio & Television Stations, the major shareholder of the Hubei SOE, which was signed in early October. Pursuant to the agreement, both companies will participate in developing broadband capabilities. The agreement provides for unlimited access to broadband bandwidth, the enhancement of network reliability, strong customer service platform and scalability of connection services within the Hubei regions.

The new joint venture, Glomate Mobile (Beijing) Co., Ltd., will license well-known international brands through D Magicmobile for high-end brand-name mobile phones targeting fashion-conscious audience. Initial product launches are planned to be made in the fourth quarter of 2009.

The BVI-registered Techfaith is focused on the design and sales of mobile phone products and software. DMagic  Mobile is a cooperative licensee with a number of well-known international brands in the mobile telecommunications sector. It is a wholly foreign-owned enterprise, the cooperative partner of a number of multinational corporations including Mattel, Inc. and several entertainment companies.

Mr.Defu Dong, Chairman and CEO of TechFaith, commented on the agreement saying this is an important development for TechFaith, which is expected to give the company a vehicle to better differentiate its mobile phone offerings in the marketplace.

British Virgin Islands-registered Virgin group has become one of the best-known brands in Britain. The mail-order business of the group started in 1969, and now the Virgin group has stakes in many diverse operations. The credit crunch makes pressure on at least one of Virgin’s debts, although the whole amount of debt of the BVI group is not clear yet, as Virgin Group is not publicly traded and does not report its accounts. British cable-television company, Virgin Media Inc., faced a deadline for lenders to approve postponing GBP 1.66 billion in loan payments due in 2010 and in the beginning of 2011. According to regulatory filings, the company might not have enough cash to repay the debt.

The Philippines is one of several Asian countries aiming to take piece of gaming tourism boom in Macau. Last year, legislation was passed in the jurisdiction that allows issuing gaming licences to private firms, and Mr Packer is now revealed as the owner of British Virgin Islands-registered Bloomsbury Investments – one of four private development companies tipped by state company Philippine Amusement & Gaming Corp (Pagcor) to obtain gaming licence for a number of Las Vegas-style mega resorts in Manila Bay. It is worth noting that three of these four firms have ties to Macau.

The BVI company of Mr Packer has already submitted a  US$100 mln deposit towards plans to develop a 1,700-room resort and convention centre complex. Now, since foreign investors could only take control over up to 49% of the Manila Bay projects, Mr Parker is negotiating to secure a local partnership with the Alvarez family, which owns the Columbian Autocar Corp., the largest manufacturer and distributor of autos and buses in the Philippines.

Mr Packer has joint venture partnership with Mr Ho whose Melco International Development formed an exclusive partnership with Crown (formerly Publishing and Broadcasting Ltd) to develop casino projects in the region. Each of these companies has a 37.9% stake in Nasdaq-listed Melco Crown Entertainment (Macau), which operates the US$58 mln Crown Macau on Taipa Island, and builds the US$2.3 billion project called the City of Dreams. However, current Philippine project, initiated by Mr Parker personally, did not involve the joint venture.