Monthly Archives: April 2013
Foreign Companies in China Seeks ASEAN Alternatives
11 April, 2013
Trade and Investment
- China experiences shrinking workforce and rising wages, partially driven by the ‘one child policy’ and an ageing population
- Foreign investors in China considers moving production bases to Cambodia, and now Cambodia surpasses China in terms of foreign investment per capita
- Coupled with concerns in food safety within China, foreign food processors and agricultural companies are moving to Thailand
Offshore Gas, Oil Bids Open
Thein Sein pleads for unity in New Year speech
Myanmar’s test run census goes without hiccup
Chinese Investors Tries Luck in Various ASEAN Countries
10 April, 2013
Trade and Investment
- China’s leading railway car manufacturer, China South Locomotive and Rolling Stock Corporation Ltd. (CSR), started the construction of its US$ 131 million ASEAN manufacturing and maintenance centre in Malaysia on Tuesday, and is expected to be ready by 2014
- China Mobile join forces with Vodafone in bidding for Myanmar’s new telecommunications licenses, one of the largest untapped markets in the world
- China’s largest micro-blogging platform and social network, Weibo, launches Weibo Thailand with an initial marketing investment of US$ 344 million
- Industrial and Commercial Bank of China (ICBC) and other Chinese banks adopts aggressive lending policy, encouraging Chinese companies to explore overseas opportunities
- Myanmar President U Thein Sein welcomes Chinese investment in the country
- A 50-man delegation of top Chinese business executives visits Philippines to explore investment opportunities
China and Singapore deepen relations
11 April, 2013
Trade and Investment
Trade and investment relations between the two nation states are strong with the developments in relationship integration showing both countries to be an integral trade partner for the other.
- Capital market ties between Singapore and China were strengthened in depth with the Singapore Exchange (SGX) announcing an agreement to work with the China Financials Futures Exchange, as well as revealing plans to list renminbi-denominated equities on the SGX later this year
- Recently, the Industrial and Commercial Banking Corporation (ICBC) branch in Singapore opened a renminbi-clearing facility, making Singapore the first country in the world outside of greater China to have that facility
- Investment ties are further strengthened by the significant S$135.5 million (US$109.3 million) investment that China Vanke, China’s largest residential developer, is making to acquire a 30% stake in a residential development project in Singapore.
Myanmar shortlists 12 bidders for telecom tender
- Consortium comprising China Mobile and Vodafone,
- Consortium led by Singapore Telecommunications
- Consortium led by India’s Bharti Airtel
- Consortium led by MTN Dubai
- Consortium led by Jamaica’s Digicel Group
- Consortium led by Japan’s KDDI Corp.
- Consortium led by Japan’s SumitomoCorp.
- Malaysia’s Axiata Group
- Norway’s Telenor ASA
- Millicom International Cellular SA,
- Qatar Telecom QSC
- Vietnam’s Viettel Group