frontier market

Frontier Markets Focus: Cambodia 0

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…

Vietnam Law Makers Approve To Lower Corporate Income Tax To 22% From Jan 1, 2014 0

Tax Cut

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…

James Passin, the American Who Bought Mongolia 0

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…

Mongolia to investors: I want you back 0

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…

Guest post: giving power to the people of Mongolia 0

Julian Dierkes of the University of British Colombia

Julian Dierkes of the University of British Colombia

Reposted from The Financial Times’s blog Beyond BRICS
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…

Monet Capital – Mongolia News Update – “100 Thousand Apartments” government project on hold 0

Monet Capital
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…

Are Frontier Markets Ready for Prime Time? 0

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…

Schumpeter: A guide in Africa 0

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…

Rio Tinto Hits Bumps in Mongolia 0

Camels graze near the Oyu Tolgoi mine in the Gobi Desert in Mongolia, where tensions have arisen between Rio Tinto and government officials.

Camels graze near the Oyu Tolgoi mine in the Gobi Desert in Mongolia, where tensions have arisen between Rio Tinto and government officials.

Reposted from The Wall-Street Journal
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…

Braving the Frontier Markets 0

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…