22 Avril 2013

Indiasean reviews

THAILAND

Business Line

The influx of Chinese travellers to Thailand is making a huge impact on passenger traffic outlook for Thai AirAsia (TAA), which expects their cumulative numbers over the next five years to hit the 5-million mark in 2018.

Hong Kong-based C&G Environmental Protection Holdings Co has said its 900-million-baht incinerator in Thailand will be operational in mid-2014.Located in Nong Khaem district, west of Bangkok, the incinerator is near the landfill area of 30 rai.
AXA Insurance Plc expects earnings to return to normal levels this year after the massive floods in late 2011 forced it to restructure capital in 2012, said CEO Kheedhej Anansiriprapha. France-based AXA Group has gained control of almost all of its shares now.

The National Broadcasting and Telecommunications Commission (NBTC) has approved the final draft regulations for the planned e-auction of licences to operate commercial digital radio channels and terrestrial digital TV channels.

Politics

Prime Minister Yingluck Shinawatra's elder sister Yaowapa Wongsawat, who is the Pheu Thai Party candidate for the by-election in Chiang Mai, has officially won the Doi Saket district in Constituency 3.

Policy & Sector

Infra: Finance Minister Kittiratt Na-Ranong has been urged to strengthen collaboration with the private sector to prevent corruption in the government's Bt2-trillion infrastructure investment programme.

Funds: The government is considering the creation of an asset management fund aimed at developing the value of public assets and properties, according to Finance Minister Kittiratt Na-Ranong.

Economic: Bangkok will take over from Yerevan in Armenia as the new World Book Capital tomorrow, which is World Book and Copyright Day

INDONESIA

Business Line

Nickel miner PT Vale Indonesia says it will return up to 13,000 hectares of idle concessions in Morowali, Central Sulawesi, if the administration finds investors to jointly develop the areas.

Dubbed as one of the fastest-growing companies in the country, PT Triputra Investindo Arya, the holding company of an emerging diversified conglomerate, has set itself sky-high targets for years to come  to see total sales of up to Rp 40 trillion (US$4 billion) by the year’s end, with profits before tax at around Rp 2.5 trillion.

State-owned construction company PT Adhi Karya says it expects to book Rp 16.8 trillion (US$1.73 billion) in new contracts this year, which would be up 60 percent from Rp 10.4 trillion last year

Policy & Sector

Export: Indonesia is a potential exporter of decorative fishes and could earn up to US$65 million from the exports of the commodity a year, an official said.

Oil: The price of oil rose Monday as traders returned to commodities after big sell-offs last week.



PHILIPPINES

Business Line

Manila Electric Co. (Meralco) said its consolidated core net income grew 17.7% to P4 billion in the first quarter of the year, from P3.4 billion a year ago. Consolidated volume of energy sales in the first quarter grew 1% to 7,777 GWh, compared to year-ago figures.

MRT-3 commuters may finally get new magnetic cards, as the Department of Transportation and Communications (DOTC) is bidding out a new supply contract for tickets.

The Department of Transportation and Communications (DOTC) has short-listed five groups to participate in the bidding of a P350-million contract for consultancy services for civil works of the P9.7-billion Light Rail Transit (LRT) line 2 east extension projects in Masinag, Pasig City.

Policy & Sector

Stock: The Philippine Stock Exchange index (PSEi) on Monday morning breached the 7,000 level for the first time in its history.

Economic: Building smart and green cities will be an important part of an energy management agenda of Asian nations, including the Philippines, for the region to achieve its “Asian Century” vision of rapid growth towards becoming the main driver of the world economy.



MALAYSIA

Business Line

Petronas would return all MISC shares that had been transferred into Petronas' central depository system account to the respective shareholders within 14 days as it failed in its takeover.

RHB Research Institute is reducing TRC Synergy Bhd's financial year 2013 (FY13) ending Dec 31 earnings forecast by 21% to 52 sen from 65 sen.

Censof Holdings Bhd (Censof), a local provider of financial solutions, is one of three companies that have already submitted documents purchase 45 per cent equity stake in Time Engineering Berhad (TEB) owned Khazanah Nasional Bhd (Khazanah) through a tender process.

Leading Telecommunications Company, Celcom Axiata Berhad (Celcom) plans to complete 300 areas along the west coast, with a network of Long Term Evolution (LTE) by the third quarter of this year focusing on improving high-speed broadband.

Policy & Sector

Auto: Malaysia Automotive Institute (MAI) that the country is the target of the global automotive industry players as the location to create a local vehicle assembly program (CKD) in light of the various policies of energy-efficient vehicles (EEV) and variable incentive offer from the government.

Insurance: Malaysia's general insurance sector is expected to see between 6% and 9% growth in earned premium income this year from the RM12.41bil in 2012 as the insurance activities exponentially grew with country's economic development, an official said.

Equity: Foreign investors bought RM952.1mil net of Malaysian equities in the open market in the week ended April 19, up from RM747mil the week before, says MIDF Equity Resear