PT Semen Indonesia Chief Executive Dwi Soetjipto poses for a photograph at his office in Jakarta on April 29, 2013.
Reposted from The Irrawaddy
By JANEMAN LATUL & ANDJARSARI PARAMADITHA
JAKARTA — PT Semen Indonesia plans to build a $200 million factory in Burma in 2014 as it expands its business in Southeast Asia to take on Thai rival Siam Cement Pcl, the head of country’s biggest cement maker said.
The Burma plan is the latest expansion strategy by the Gresik-based company, which became the first Indonesian state-owned firm to make an overseas corporate acquisition when it bought a majority stake in Vietnam’s Thang Long Cement in 2011.
“If everyone is in Vietnam and Myanmar and we just play in Indonesia, then, like playing chess, we will be squeezed,” Chief Executive Dwi Soetjipto told Reuters on Tuesday, while listening to rock music in his spacious office in Central Jakarta.
“That’s why we put our bishop in Vietnam and our knight in Myanmar.” More…
Reposted from Financial Times
Laos’ natural resources and access to Thailand’s growing consumer market attract Chinese investors.
By Jake Maxwell Watts
It looks like Laos, China’s tiny landlocked southern neighbour, is about to find out whether sharing a border with China is a good thing. Laos has two things China needs – natural resources such as potash and hydropower, and access to Thailand’s large and growing consumer market. Perhaps that is why China is so keen to provide a $7.2bn loan to the small communist country for a long-awaited controversial high-speed rail project between the two. More…
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EmergingFrontiers: Chris Tell and Mark Wallace from CapitalistExploits.com have been slogging it out in frontier markets for over a decade, and writing about them weekly for over 3 years now. I reached out to Chris recently to chat about their upcoming Meet Up in Phnom Penh April 24-26.
(The signup link for the conference can be found at: http://www.capitalistexploits.at/cambodia-boots-on-the-ground-meet-up) More…
Resposted from The Washington Post
By Simon Denyer
MOREH, India — The arch that spans Asian Highway Number One as it passes through this border town proudly announces India’s friendship with its neighbor Burma. The official slogan proclaims that India is “Looking East” and promises that the road will deliver closer integration with Southeast Asia’s fast-growing economies. More…
Reposted from freemalaysiatoday
By Paulius Kucinas
Many top executives who came to Davos were boarding planes to come to Yangon as opposed to London or New York
“Come my friends, Tis not too late to seek a newer world”. This line from Lord Tennyson’s “Ulysses” recited to me by a banker at the Davos World Economic Forum (WEF) last week rather aptly captured the changing post crisis mood among the world’s leading capitalists. More…
Reposted from BBC News
Carlsberg has earmarked Asia as an important market for its future growth
Carlsberg has signed a joint venture to brew and market its beers in Burma, as the Danish brewer looks to Asia for sales growth in order to offset weak trade in Europe. More…
Reposted from The Cambodia Daily
By Simon Lewis
Chinese investment totaled more than $250 million in the 11-month period
Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said on Thursday in Phnom Penh. More…
Reposted from VOA
By Suy Heimkhemra
Chinese investment is coming in natural resources, rubber and tourism
PHNOM PENH – China has become Cambodia’s biggest investor, putting some $8.8 billion into the country over nearly two decades, according to online data from the government’s lead investment agency. More…
Reposted from Mizzima
By Aung Myat Tun
Japan with a 49% stake in the partnership and Burma with 51%.
A public company needs to be formed to run the Thilawa Special Economic Zone, said the National Planning and Economic Development Deputy Minister Set Aung. More…
Reposted from The Wall Street Journal
By MITSURU OBE
Last month, Japan won a contract to develop Thilawa, one of the three pioneer special economic zones in Myanmar
THILAWA SPECIAL ECONOMIC ZONE, Myanmar—Taro Aso, a week after becoming Japan’s new finance minister, put aside pressing domestic issues for a trip to Myanmar to cement Tokyo’s role in the largely untapped market, part of an effort to diversify from Japan’s exposure to China. More…