Posts Tagged ‘Beijing’

Asian Regions: World Bank Predictions for Growth

April 21st, 2017

According to a recent study undertaken by the World Bank, these are the regions to watch in Asia for investment and economic success. They are: Laos, The Philippines, Cambodia, Myanmar and China.

The Laos economy — that has historically been regarded as the poor relation of fiscal success — is set to surge by 7% this year due to investments in the power sector alongside a more solid amalgamation with the 10-member Association of Southeast Asian Nations.

The Philippines – will probably remain the fastest growing economy from the Association of Southeast Asian Nations 6 (ASEAN-6). This is due to increased domestic demand alongside an escalation in infrastructure expenditure, the growth in the middle class and the upsurge in the Business Process Outsource (BPO) industry.

Moving over to Cambodia, it seems that the microfinance industry is what is currently propelling growth. Over the last 20 years or so, thanks to this sector, the economy has encountered significant growth, simultaneously mitigating poverty in the region. These two factors – growth and poverty elimination – are two high priorities for the government.

Most notably, the private PRASAC Microfinance Institution has played a huge role in this. Over this same time frame of Cambodian growth, PRASAC has become the country’s “largest and most sustainable MFI in Cambodia in terms of business size, customer care, flexible and sound financial solutions, and a wide network of offices and ATMs [having] developed a modern, transparent and dynamic core banking system.” As such it has received various awards for its part in putting the country’s economy on the Asian investment map.
Myanmar’s new oil pipeline has had a huge impact on its economic attractiveness. When activated, this will measure around 770 kilometers from western port city Kyaukpyu to the Chinese border. It has been hailed as “the crown jewel of economic cooperation agreements,” that was signed in Beijing.

And then of course let’s not forget China, which has always been known as the hero of growth and investment. Most recent figures from March showed an increase in trade surplus and exports (16.4%) a reversal of the 1.3% decline from February. Further, predictions for Q1 of growth in the region from economists is 6.8% from last year so that’s indicative of strength in economy too.

So for companies and high net-worth individuals looking to Asian locations to invest, watch these regions.

AIIB Launch

July 9th, 2015

pakistanThe Asian Infrastructure Investment Bank (AIIB) was just launched. Last week in Beijing, the UAE signed the Articles of Agreement that set it up, making it a founding member of this institution.

It is anticipated the AIIB will begin its work by the end of this year. Its goal is “to provide new financial resources for infrastructure development and improvement across Asia, while maintaining balanced economic growth in the countries of the region while addressing the financial challenges facing infrastructure projects.”

As well, it is hoped that the AIIB will play a key role in boosting investment activities, focusing in productive sectors which result in a “long-term economic impact on the region.” Another benefit to the bank will be how its focus on its members who are on the lower-end of the economically developed spectrum, and provide them with greater assistance.

According to Director General of Abu Dhabi Fund for Development (ADFD), His Excellency Mohammed Saif Al Suwaidi: “The signing of this agreement with AIIB is aligned with the vision of the UAE leadership to promote international collaboration towards fulfilling the development goals of developing countries.” This positive sentiment was echoed by Indonesia’s Finance Minister Bambang Brodjonegoro who said: “Indonesia has been involved in the discussion regarding the establishment and governance of AIIB. So far, we are satisfied because experiences from the World Bank and ADB have been used fully in the discussion. In fact, we’re trying to improve what have been doing well, both in the World Bank and ADB, in order to make the AIIB better.”

Ultimately, if the AIIB “bridges infrastructure financing gap in Asia” as finance Minister for Pakistan, Ishaq Dar is hoping, not only will Asia as a region benefit, but global companies seeking FDI environments will follow suit.

Seth Fischer: Hong Kong Investment Opportunities

January 20th, 2013

Recent news in the field of investment capital is extremely positive for Hong Kong.  There are various interesting investment opportunities that boast solid return profiles, attractive to potential investors. For those looking to benefit the environment for example, recent opportunities include investing in clean technology companies in China, in particular those that could help to reduce air pollution in the long-term.  This follows recent news of the polluted air in Beijing that became hazardous.

Northern Light Venture Capital, a firm based in China, also recently announced that it is beginning to target air-treated companies.  It is now thinking about investing into Beiang – a Chinese air-purifier company.  The goal is that this will be able to remove inhalable particles.

Asia’s Art Market Expanding

October 10th, 2011

Finally it seems that Asia’s art market has recovered, along with the rest of the world’s art market that was suffering from the recessional issues.  It is Beijing and Hong Kong that is now really enjoying a comeback.  Although it is true that the art market did suffer somewhat, this was relatively minimal compared to other markets that really took their toll during the recession.  However, on this matter there would be disagreement from the European Fine Art Foundation which claimed that indeed the global financial crisis was very influential vis-à-vis the global art market.

According to Artability Art & Collection consultant, Zhan Xuhua, “the credit crunch really affected the art dealing industry.”  He pointed out that consumers even managed to get some famous paintings at discount prices in auctions in 2008-09.  This was paramount throughout the world, from Europe to America as well as Asia (specifically China).

Increased Demand for Art Today

Clearly, one only needs to look at prices of artwork to see how far the market has come.  Art is definitely a luxury once more (fewer sales; higher prices) and the fact that there are way more sales taking places also shows that there is no longer a concern that the global art market is going through a recession these days.

Art as Investment

People often purchase art as an investment.  They will choose to buy a piece of artwork to enjoy, but also as an alternative investment to stocks and bonds, etc.  As well, it is often a “safe bet” as it were as like gold, it gives back a steady return and can gain value over time.  Just last year, the Chinese art market did so well that it became an international runner in top art markets.  During 2010, revenues for fine art auctions totaled $3bn (US), higher than the figure for America for the same time frame.