Reposted from The Nation
By WATCHARAPONG THONGRUNG
Siam Cement Group (SCG) plans to invest US$1.5 billion (more than Bt43 billion) in cement and power plants and logistics facilities in the region, especially Indonesia, Myanmar and Cambodia.
The group yesterday announced the restructuring of its business with the merger of its cement, building-materials and distribution arms into a new unit called SCG Cement-Building Materials.
SCG president and chief executive officer Kan Trakulhoon said the move was in line with the group’s strategy to expand its cement and building-material business into the region to cash in on the coming Asean Economic Community, as well as to promote its investment flexibility.
The regional investment includes a $400-million cement plant in Indonesia with annual capacity of 1.8 million tonnes. Construction is scheduled for completion by the end of 2015. More…
Reposted from Reuters
Higher prices for companies in North America and political and regulatory risks in China push private equity investors to consider the emerging markets of southeast Asia.
By Costas Pitas
Private equity firms that raised money from pension funds, insurers and endowments on the promise of delivering superior returns, have unearthed few deals in China and have competed fiercely for the businesses they can find, pushing up prices. The trend to higher prices is echoed in private equity’s largest market, the United States, where the supply of cheap financing from lenders has given buyout firms the firepower to pay more for companies. More…
Reposted from The Economist
Some of the world’s stablest economies are Asian.
LAOS, a poor country of 6m people wedged between Vietnam and Thailand, has no openings to the sea and few routes to world attention. But it is now enjoying a rare moment in the sun. Last month it won approval to join the World Trade Organisation. This week it hosted the ninth Asia-Europe meeting, which brings together leaders from the world’s most and least dynamic regions. More…
Reposted from Deloitte
By Tim Hanley
During a recent trip to Tokyo, I met with 40 leaders from Deloitte member firms across the Asia Pacific region to discuss what is happening in this dynamic market. As you might imagine, China and India dominated the conversation, but several other countries in the region, often referred to as the next frontier growth markets, were very much part of the discussion. More…
Reposted from CNBC
Sarah Alexander, CEO of Emerging Markets Private Equity Association, tells CNBC investors now have the confidence to look into new, ‘frontier’ private equity markets such as Latin America, Turkey, and Indonesia.
Investors Flocking to Frontier Markets: Expert
Reposted from The Phnom Penh Post
By May Kunmakara
$8.25 million in 2011 from $6.5 million in 2010 – 20% increase
Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. More…
Reposted from The Jakarta Globe
By Shoeb K. Zainuddin
World Bank set to invest $85 Million
Myanmar President Thein Sein announced in June a raft of reforms aimed at rolling back decades of state control over the economy. More…
Reposted from Jakarta Globe
By Dion Bisara
Indonesia and Cambodia Trade
Siem Reap, Cambodia. It was a chilly afternoon in 1993 at a rubber plant forest in Kampong Cham. Soehardjono Sastromihardjo, now Indonesian ambassador to Cambodia, was riding with a United Nations Transitional Authority in Cambodia convoy on a mission to supervise the country’s first general election, when a group of Khmer Rouge guerrillas appeared and stopped the convoy. More…
Reposted from Invest Vine By Arno Maierbrugger
Indonesia will see investments of up to $10 billion as Apple’s core manufacturing partner enters the country.
Indonesia will see investments of up to $10 billion over the next 10 years as Taiwanese electronics manufacturer Hon Hai Precision Industry, or Foxconn, Apple’s core manufacturing partner, enters the country. In a first move, Foxconn will begin investing about $1 billion into a factory in Indonesia by early next year, according to the country’s Industry Minister M.S. Hidayat. More…
Reposted from The Republic
A bank employee removes a bundle of rupiah banknotes at the Bank National Indonesia (BNI) in Jakarta
By Nishant Kumar and Stuart Grudgings
(Reuters) – Little more than a dozen years after the region’s crippling financial crisis, Southeast Asia is looking more a safe haven than a risky bet, with foreign investors souring on China and India and pouring money into markets proving resilient to the global gloom. More…