Ghana’s cotton and cashew production could soon be given a boost with an expressed interest by a business delegation from Dubai to invest in the industry.
The six member team which owns the biggest cotton processing factory in Central Asia has promised to set up similar factory in Ghana.
They are currently relocating a cashew processing plant in Guinea Bissau to Ghana.
The decision of the group which owns UZ Impex in Uzbekistan to invest in Ghana is underscored by the availability of ports- Tema and Takoradi seaports.The presence of such facilities can easily facilitate export of products to Central, South and Western Asia as well as Middle East and Europe where such products are on high demands.
The Dubai business team has held talks with the Secretary to the President, Dr Raymond Atuguba and the Minister in charge of Public Sector Development, Rashid Pelpuo where the prospects of such business ventures were highly discussed.
Cashew farmers are unable to boost production due to lack of resources.
According to the Ghana Cashew Industry Association, only 50 thousand tons of the commodity is produced annually, as against the 62,000 tons needed to feed local processors.
A member of the team, Shopulat Sibikov told Nhyira News the team is committed to commercial agriculture development in Ghana.
Describing Ghana as a country with so many investment opportunities, Mr. Shopulat said the team is impressed with investment potentials and is convinced there is more to be realized.
“When we came here, it was very small. Our plan was not too much big and the main project was agriculture," Mr Shopulat said.
More at http://www.myjoyonline.com/business/2014/April-3rd/cotton-cashew-production-to-receive-boost-in-ghana.php
Thursday, April 3, 2014
Myanmar - IFC to help privatise Yangon electricity
A new power generation project will be jointly implemented by the International Finance Cooperation (IFC) and Yangon City Electricity Supply Board (YESB).
The IFC, which is the private sector branch of the World Bank, aims to help to transform YESB into a corporation and is conducting a survey on electricity consumption, power charges and supply system.
“Thanks to this project, we can distribute electricity to regions which lack power at a reasonable price, as well as lower power losses. Currently, power loss in Yangon is about 27 percent. The running of cooperation will take few years,” said Tun Gywe, deputy chief engineer of YESB.
The newly formed cooperation will be 51 percent government owned with the IFC claiming the remaining 49 percent.
The IFC signed a contract with Myanmar Oriental Bank (MOB) in February to offer monetary services to the country. The IFC is an international financial institution which offers investment, advisory and assent management services to encourage private sector development in developing countries.
Source: Eleven Weekly Media
The IFC, which is the private sector branch of the World Bank, aims to help to transform YESB into a corporation and is conducting a survey on electricity consumption, power charges and supply system.
“Thanks to this project, we can distribute electricity to regions which lack power at a reasonable price, as well as lower power losses. Currently, power loss in Yangon is about 27 percent. The running of cooperation will take few years,” said Tun Gywe, deputy chief engineer of YESB.
The newly formed cooperation will be 51 percent government owned with the IFC claiming the remaining 49 percent.
The IFC signed a contract with Myanmar Oriental Bank (MOB) in February to offer monetary services to the country. The IFC is an international financial institution which offers investment, advisory and assent management services to encourage private sector development in developing countries.
Source: Eleven Weekly Media
Wake up to Indonesia's investment potential
As a fellow democracy with the world’s largest Islamic population, with 253 million people spread across an archipelago of 17,000-18,000 islands, and an economy growing 6 per cent a year, Indonesia is the waking giant only 800 kilometres beyond Australia’s northern border.
With burgeoning cities in clear need of greater infrastructure development, the time is right for Australian institutional investors to establish a foothold in this market through vehicles such as superannuation. A growing middle class presents tremendous opportunity for established Australian businesses and ambitious entrepreneurs who want to expand their operations beyond our borders into exciting frontiers.
With a GDP per capita of $US4,271 and a middle class expected to double to 140m by 2020, it is no surprise our key competitors have awoken to the potential of this market which is expected to overtake Australia’s GDP by 2022, on a steady path to becoming the world's fourth biggest economy by 2040. However some Australian investors appear asleep at the wheel, with sections of our business and investment community seemingly indifferent to the need for an enduring two-way relationship.
More at http://www.businessspectator.com.au/article/2014/4/1/economy/wake-indonesias-investment-potential
With burgeoning cities in clear need of greater infrastructure development, the time is right for Australian institutional investors to establish a foothold in this market through vehicles such as superannuation. A growing middle class presents tremendous opportunity for established Australian businesses and ambitious entrepreneurs who want to expand their operations beyond our borders into exciting frontiers.
With a GDP per capita of $US4,271 and a middle class expected to double to 140m by 2020, it is no surprise our key competitors have awoken to the potential of this market which is expected to overtake Australia’s GDP by 2022, on a steady path to becoming the world's fourth biggest economy by 2040. However some Australian investors appear asleep at the wheel, with sections of our business and investment community seemingly indifferent to the need for an enduring two-way relationship.
More at http://www.businessspectator.com.au/article/2014/4/1/economy/wake-indonesias-investment-potential
Vietnam - Price war seen as Thai rice glut swamps market
Asian rice costs will keep slumping from near a six-year low as Thailand clears out record stockpiles, threatening a price war with Vietnam and India.
The government plans to sell about 1 million metric tons a month, compared with average monthly exports of 558,000 tons last year. The nation’s benchmark price, which is already below costs in Vietnam and India, may retreat 11 percent to $350 a ton by May, the Thai Rice Exporters Association forecasts.
Thailand accumulated reserves under a state-buying program which ended this year amid a political crisis in Southeast Asia’s second-largest economy. Its stockpiles reached 12.8 million tons in 2013, or about a third of the global export market. Vietnam’s Minister of Industry and Trade said this week that Thailand was willing to sell the grain at any price.
“We could see a price war, with Vietnam cutting prices, selling lower than Thai rates,” said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association. The 5-percent Thai broken white grade, used as a reference price in Asia, tumbled 30 percent to $394 in the past year, according to data compiled by Bloomberg. Thai grain is currently quoted at about $365 to $370 a ton, lower than $385 in Vietnam and $420 in India, said Chookiat. His forecast for $350 would be the lowest since December 2007.
Cheaper rice may contribute to lower food costs, helping to damp inflation across Asia, where billions depend on the staple. Global food prices tracked by the United Nations fell 2.1 percent in the past year. Thailand, India and Vietnam, the three biggest shippers, accounted for 62 percent of the rice trade last year, the U.S. Department of Agriculture estimates. Rice is falling as wheat in Chicago rose 11 percent this year.
‘Cheaper rates’
“Now that Thailand is selling from government stockpiles at cheaper rates, trade inquiries have stopped,” said B.V. Krishna Rao, managing director of Kakinada, Andhra Pradesh-based Pattabhi Agro Foods Pvt., India’s largest exporter of non-basmati rice. “India’s export price needs to be dropped by $20 a ton to be competitive against Thailand.”
The government plans to sell about 1 million metric tons a month, compared with average monthly exports of 558,000 tons last year. The nation’s benchmark price, which is already below costs in Vietnam and India, may retreat 11 percent to $350 a ton by May, the Thai Rice Exporters Association forecasts.
Thailand accumulated reserves under a state-buying program which ended this year amid a political crisis in Southeast Asia’s second-largest economy. Its stockpiles reached 12.8 million tons in 2013, or about a third of the global export market. Vietnam’s Minister of Industry and Trade said this week that Thailand was willing to sell the grain at any price.
“We could see a price war, with Vietnam cutting prices, selling lower than Thai rates,” said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association. The 5-percent Thai broken white grade, used as a reference price in Asia, tumbled 30 percent to $394 in the past year, according to data compiled by Bloomberg. Thai grain is currently quoted at about $365 to $370 a ton, lower than $385 in Vietnam and $420 in India, said Chookiat. His forecast for $350 would be the lowest since December 2007.
Cheaper rice may contribute to lower food costs, helping to damp inflation across Asia, where billions depend on the staple. Global food prices tracked by the United Nations fell 2.1 percent in the past year. Thailand, India and Vietnam, the three biggest shippers, accounted for 62 percent of the rice trade last year, the U.S. Department of Agriculture estimates. Rice is falling as wheat in Chicago rose 11 percent this year.
‘Cheaper rates’
“Now that Thailand is selling from government stockpiles at cheaper rates, trade inquiries have stopped,” said B.V. Krishna Rao, managing director of Kakinada, Andhra Pradesh-based Pattabhi Agro Foods Pvt., India’s largest exporter of non-basmati rice. “India’s export price needs to be dropped by $20 a ton to be competitive against Thailand.”
Tuesday, April 1, 2014
Urgent Sale by sole owner !
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Urgent Sale by sole owner ! |
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| Urgent Sale by sole owner ! |
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| Urgent Sale by sole owner ! |
20 acres of hospitality bound land in the eye of the Amazon of Asia Hinboun district Laos. 40 Km from Thai Lao Friendship bridge, and International Airport Nakon Phanom Thailand 35 km from Thakhek Special Economic Zone Highway 13 direct connected.
details Google+ jerrold phommachit
Price 500.000.00 US$ (500K)
Direct contact with Sole Owner
Tavanh Phommachit
+6642463597
+66942705183
fax.+6642464597
E.mail:jerrold_tavanh@yahoo.com
Sunday, March 30, 2014
Foreign investors bullish on Vietnam prospects
During the four-day networking event, attended by almost 400 guests, investors and speakers, his company, Vietnam’s largest mobile phone store chain, showcased itself to opportunity-seeking investors.
“The stock market has been on the up this year,” Tai said, adding that the company planned to list this June. He joined the Vietnam Access Day forum, held during March 18-21 to introduce his company to the participants.
The firm, with Best Buy International’s former CEO Robert Willet currently sitting on its board of directors, reported 2013 revenue of VND7.82 trillion ($372.4 million), a 25 per cent increase against 2012 with profits nearly doubling to VND250 billion ($11.9 million).
Mobile World was not the only company to introduce itself at Vietnam Access Day. The event, organised by Viet Capital Bank, Viet Capital Securities Company and Viet Capital Asset Management, also saw displays and presentations from Masan Group, property developer Nam Long, Bao Viet Holdings, Vietcombank, Eximbank, leading fertiliser producer PVFCCo., Hoang Anh Gia Lai, FPT, Hoa Sen Group, Traphaco and Vingroup.
More at http://www.vir.com.vn/news/en/corporate/foreign-investors-bullish-on-vietnam-prospects.html
“The stock market has been on the up this year,” Tai said, adding that the company planned to list this June. He joined the Vietnam Access Day forum, held during March 18-21 to introduce his company to the participants.
The firm, with Best Buy International’s former CEO Robert Willet currently sitting on its board of directors, reported 2013 revenue of VND7.82 trillion ($372.4 million), a 25 per cent increase against 2012 with profits nearly doubling to VND250 billion ($11.9 million).
Mobile World was not the only company to introduce itself at Vietnam Access Day. The event, organised by Viet Capital Bank, Viet Capital Securities Company and Viet Capital Asset Management, also saw displays and presentations from Masan Group, property developer Nam Long, Bao Viet Holdings, Vietcombank, Eximbank, leading fertiliser producer PVFCCo., Hoang Anh Gia Lai, FPT, Hoa Sen Group, Traphaco and Vingroup.
More at http://www.vir.com.vn/news/en/corporate/foreign-investors-bullish-on-vietnam-prospects.html
Business partnerships will help growth in Myanmar in 2015, says KPMG
Business partnerships through M&A, joint ventures or strategic alliances will be a driver for business expansion in Myanmar going forward into 2015, said KPMG Myanmar managing partner Yasuhide Fujii.
Fujii said: ‘Opportunities in Myanmar are increasing for businesses, but so is competition. Looking forward, some local firms may feel the pinch as international companies move in on their turf.
‘We’re starting to see cases where it would make more business sense for local and international firms to work together and complement each other, instead of competing, in order to become sustainable in the long term. Local and international firms in Myanmar each have their distinct strengths. We could see some positive partnerships down the road.’
Source: The Lawyer
Fujii said: ‘Opportunities in Myanmar are increasing for businesses, but so is competition. Looking forward, some local firms may feel the pinch as international companies move in on their turf.
‘We’re starting to see cases where it would make more business sense for local and international firms to work together and complement each other, instead of competing, in order to become sustainable in the long term. Local and international firms in Myanmar each have their distinct strengths. We could see some positive partnerships down the road.’
Source: The Lawyer
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