Coca-Cola to invest over US$50m into Uzbekistan in 2014 0

cocacola-bottlesSource: Uzbekistan Daily

American firm Coca-Cola is planning to invest over US$50million into Uzbekistan in 2014, a regional manager of Coca-Cola Oleg Piletsky said at the US-Uzbek Business Forum.

Annual US-Uzbek Business Forum was held in Washington, the United States, on 5 September 2013. More…

IFC increases private sector investment in Indonesia 0

IFC_LogoSource: The Jakarta Post

International Finance Cooperation (IFC) has increased its private sector investments in Indonesia to US$438 million in fiscal year 2013, from about $300 million in the previous year, although investors have recently withdrawn funds from the country. More…

Businessmen say policy reforms to cure ‘jobless growth’ 0

Philippines mapSource: BusinessMirror

Local and foreign business groups on Wednesday called on the House of Representatives and the Senate to speed up the passage of economic-reform bills that would encourage investments and create more jobs in the country. More…

Philippines holds rates at record low to support GDP growth 0

Central Bank of the PhilippinesSource: Bloomberg

The Philippines held its benchmark rate at a record low as easing inflation gave policy makers room to support Southeast Asia’s fastest-growing major economy.

Bangko Sentral ng Pilipinas kept the interest rate it pays lenders for overnight deposits at 3.5 percent for a seventh meeting, according to a statement in Manila today, as forecast by all 19 economists surveyed by Bloomberg News. More…

Myanmar conglomerate looking to joint ventures with Thai investors 0

Myanmar_01Source: Eleven Myanmar

Shwe Taung Group, a Myanmar conglomerate, is interested in partnering with investors from Thailand and other countries in particularly the steel, factory-building and department-store businesses.

“We plan to invest about US$500 million in expansion over five years, focusing on property, shopping complexes and office towers,” chairman Aik Htun said yesterday. More…

PH seen missing $16B mining investment target 0

Philippines miningSource: Philippine Daily Inquirer

The Philippines will likely miss its mining investment target of $16 billion by 2016 (cumulative from 2004) given its changing regulatory environment and push for higher taxes, Chamber of Mines of the Philippines (COMP) president Benjamin Philip Romualdez said. More…

FRRU, CDB to finance projects for US$11.6bn 0

usdollarsSource: Uzbekistan Daily

Fund for Reconstruction and Development of Uzbekistan (FRDU) and State Development Bank of China (CDB) will finance projects for total sum of US$11.6 billion.

The sides signed a corresponding agreement, which envisages attraction of recourses in mid-term perspective to finance projects in oil and gas sector, transport infrastructure, chemistry industry, and metallurgy. More…

Nepal, India move closer to historic pact on tourism 0

INDIA_NEPAL_TOURISM_02-copy_20130910090908Source: eKantipur

Nepal and India are poised to sign a historic memorandum of understanding (MoU) on investment and cooperation in the tourism sector.

Stakeholders from both sides gathered here on Monday to discuss a mutually agreed draft MoU, jointly prepared by a technical team from the travel and tourism sectors of both the countries. More…

ADB to invest $245m in power sector 0

Asian-development-Bank ADBSource: The News International

The Asian Development Bank (ADB) and the Government of Pakistan on Monday signed an agreement to invest $245 million in the country’s power distribution system, a statement said.

The agreement was signed by Secretary Economic Affairs Division Nargis Sethi and Dr Werner E. Liepach, ADB’s country director for Pakistan. More…

Cambodia’s construction continues strong growth in H1: minister 0

Cambodia construction sector attracts $1.38 billionSource: Global Times

Investments in Cambodia’s construction sector have continued to grow sharply in the first six months of the year thanks to sound economic growth and investors’ trust in the country’s political stability, Im Chhun Lim, the country’s Minister of Land Management, Urban Planning and Construction, said Tuesday. More…