August 23, 2013
Kazakh Economy and Budget Planning Minister Erbolat Dosaev and his Indonesian counterpart Muhammad Hatta Rajasa discussed economic cooperation between two countries in Jakarta, the Kazakh Ministry reported.
During the meeting, Rajasa said his country is interested in cooperation with Kazakhstan in transport, logistics, trade, investment, agriculture, oil and gas, and tourism. More…
August 15, 2013
Desks are empty, the office silence broken only by a handful of staff chit-chatting or playing on cellphones. It’s another slow day at the headquarters of Vinacafe, a state-owned firm once the vanguard of Vietnam’s coffee export boom. More…
June 28, 2013
Indonesian President Susilo Bambang Yudhoyono receives Vietnamese President Truong Tan Sang in Indonesia. — VNA/VNS Photo Nguyen Khang
Reposted from Vietnam News
Vietnamese President Truong Tan Sang and Indonesian President Susilo Bambang Yudhoyono officially announced the upgrade of Viet Nam-Indonesia relations to a strategic partnership during their talks in Jakarta yesterday.
The talks took place following a state welcome ceremony held the same day for the Sang on his official State visit to Indonesia at the invitation of Yudhoyono.
The upgrade of the Viet Nam-Indonesia relations to a strategic partnership was grounded on the traditional friendship and all-faceted co-operation that had unceasingly grown in the past 60 years, the two leaders said.
It aimed to bring the two countries’ ties to a new height, for the sake of each country’s people as well as for peace, stability, co-operation and prosperity in the region and the world, the presidents said. More…
June 13, 2013
Reposted from The Jakarta Post
As of last year, Indonesia and Myanmar’s bilateral trade reached $465 million, increasing 7.98 percent from $430.7 million in 2011.
By Agnes Winarti
Despite the ongoing communal tensions in Myanmar, both Indonesia and Myanmar have reiterated their commitment to achieving US$1 billion in trade volume by 2016.
“We are able to review the state of our economic relations and trade, especially our efforts to achieve $1 billion trade value by 2016, as well as our promotion of investment and progress in capacity building,” Foreign Minister Marty Natalegawa told journalists after the third meeting of the joint commission for bilateral cooperation between the two countries on Wednesday. More…
May 28, 2013
Reposted from Bloomberg Businessweek
The bulk of DHL’s investments will be in Indonesia because of the country’s growth.
By Kyunghee Park and Jasmine Ng
DHL, the courier and freight company of Deutsche Post AG (DPW), plans to spend $181 million in the next two years building warehouses and adding workers in Southeast Asia as economic growth spurs consumption by the middle class. DHL’s Southeast Asia warehouse capacity will surge 50 percent while the number of people employed in the region will increase by 65 percent to 25,000, Oscar de Bok, head of DHL Supply Chain for South and Southeast Asia, said in an interview with Susan Li on Bloomberg Television’s “First Up” yesterday. More…
April 25, 2013
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…
December 19, 2012
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…
November 17, 2012
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…
November 8, 2012
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…