July 19, 2013
Reposted from Global Finance
By Dan Keeler
Cambodia is emerging as a key investment destination—and potential consumer market—for companies focused on Southeast Asia.
Often overshadowed by its regional rivals Vietnam, Thailand and, most recently, Myanmar, Cambodia has been undergoing a quiet transformation. After more than a decade of 6%-plus growth—with just one hiccup during the global crisis in 2009—the Southeast Asian nation of 15 million people has begun attracting serious investment. More…
June 21, 2013
Reposted from Business Times
Vietnam law makers on June 19 passed the Amendment and Supplement Law on Corporate Income Tax with 91.57% vote, and the Corporate Income Tax will be cut to 22% from Jan 1, 2014.
Of note, the Amendment Law also places Corporate Income Tax from 10%-20% for many groups of companies.
First, those who are paying 22% Corporate Income Tax now will bear 20% Corporate Income Tax from Jan 1, 2016.
Second, those who have total revenue no more than VND20 billion a year will bear Corporate Income Tax of 20%. The previous year revenue will be taken as base for Corporate Income Tax. More…
May 17, 2013
Reposted from Bloomberg Businessweek
By Brett Forrest
The Mongolian Stock Exchange occupies a single room inside a gray building that once housed a children’s movie theater, just off Sükhbaatar Square in the capital city of Ulaanbaatar. On any given day, it’s quieter than the nearby National Library, as 20 or so traders in cubicles click away softly on their laptops. This muted bourse hardly seems a place to make a fortune, but James Passin, who needs no prompting to declare that he’s “super bullish on Mongolia,” swears it is. Passin, who’s just flown across 12 time zones from New York City, has as much reason to promote Mongolia’s potential as any foreign investor in the country. His future is riding on it. More…
March 21, 2013
Reposted from BusinessnewEurope
Terrence Edwards in Ulaanbaatar
The government of minerals-rich Mongolia is beginning to exhibit a return of warm feelings towards foreign investors with winter’s thaw.
After nearly 10 months of increasingly frosty relations with foreign investors that began with the passing of the Strategic Entities Foreign Investment Law (SEFIL), the government is making noises about drawing up an amendment to the law that relaxes restrictions on private investors. More…
March 20, 2013
Reposted from The Financial Times’s blog Beyond BRICS
Julian Dierkes of the University of British Colombia
By By Julian Dierkes of the University of British Colombia
Rio Tinto and the government of Mongolia are committed to ramping up production at the Oyu Tolgoi gold and copper mine, one of the world’s largest. The recent turmoil between the two partners should push them to clarify their roles and help create more solid support for the project from the Mongolian public. More…
March 13, 2013
Reposted from Monet Capital
By Vidur Jain
The Government of Mongolia (GoM), looks to be tight for cash as is becoming apparent through their recent action. The Government has halted the “100 Thousand Apartments” program and the low-interest financing for its would-be residents. This has led to resentment amongst the successful housing applicants, who are threatening a hunger strike on the Sukhbaatar Square in front of the parliament building. More…
March 7, 2013
Reposted from Bloomberg Businessweek
By Roben Farzad
By all means, countrymen, go ahead and celebrate our Dow Jones industrial average at a record—however nominal that milestone may be. But perhaps you’re looking for a place to put your money that doesn’t move in lockstep with the U.S. market—at a time when just about everything, including mortgage bonds, traditional emerging markets, and bank loans, does. That place would be the universe of booming small developing markets, which you can now access, substantially, with the help of some newfangled exchange-traded funds. More…
February 22, 2013
Reposted from The Economist
Why investors in frontier markets need someone to show them around
CARDBOARD BOXES are not sexy. But they are useful: imagine trying to shift a lorryload of eggs from farm to shop without packaging. Because boxes make it easier to move things around, they allow shops to stock a wider variety of goods at lower prices. So to run a cardboard-box factory in Africa is to put more and better food on African plates. More…
February 14, 2013
Reposted from The Wall-Street Journal
Camels graze near the Oyu Tolgoi mine in the Gobi Desert in Mongolia, where tensions have arisen between Rio Tinto and government officials.
By Alex Frangos
ULAN BATOR, Mongolia—As new Chief Executive Sam Walsh takes control of Rio Tinto, he inherits a big dig in the Mongolian desert that’s about to produce tons of copper and gold—and a shovelful of headaches.
For starters, Mongolia is refusing to support Rio Tinto’s efforts to raise as much as $6 billion in loans tied to its Oyu Tolgoi mine in the Gobi Desert. More…
February 13, 2013
Reposted from Barron’s
By Ben Levisohn
The frontier markets are the new emerging markets, and for investors comfortable with the risks, countries such as Argentina, Bangladesh and Botswana can offer some pretty impressive returns. But about those risks…
Frontier markets are surging this year. Investors, however, should think twice before plunging headlong into stocks from countries as far-flung as Argentina, Bangladesh, Botswana, Slovakia, and Sri Lanka. More…