Category Archives: ASEAN+

Vinamilk ranked Vietnam’s largest private enterprise

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http://www.nationmultimedia.com/aec/Vinamilk-ranked-Vietnams-largest-private-enterpris-30276913.html

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Viet Nam News   THU, 14 JAN, 2016 6:16 PM

Ho Chi Minh City – The Vietnam Dairy Products Joint Stock Company (Vinamilk) was ranked the largest private enterprise in Vietnam, showing the higest amount of revenue.

Though, on the list of the top 500 companies in Vietnam in 2015 and the white book about the country’s economy released on Tuesday, state-run Vietnam Oil and Gas Group (PetroVietnam) remained at the top.

Other enterprises in the top rank of the list include Samsung Electronics Vietnam Co, Ltd, Vietnam National Petroleum Group, Electricity of Vietnam, and Viettel Group.

Deputy Minister of Information and Communications Nguyen Minh Hong said the honoured firms were those that have strived to surpass challenges and difficulties over the past year to develop in both production and business.

“These enterprises will contribute to accelerating the country’s integration process,” he said.

The “White book on Vietnam economy in 2016: on path to integration” was launched on the occasion.

The Vietnamese-English bilingual book focuses on the country’s economic achievements in 2015, forecasts for 2016 and the TPP’s impacts on the country’s development and integration.

The report also shows that 57.1 per cent of enterprises had positive changes in production and business in the first 10 months of last year. The other 32.1 per cent had stable operations in comparison to the same period last year.

More than 48.1 per cent of the enterprises pinned high hopes on the production and business situation this year. However, enterprises were more prudent in assessing the long-term with 44 per cent expecting that their business will be “basically better” in the next five years.

The report points out that simplified administrative procedures is the priority to raise the country’s competitiveness after the TPP goes into effect.

Enterprises also express their hope that the government will increase efficiency and transparency during the implementation of regulations, and stabilise the macro-economy.

Analysis: Asean Economic Community for entrepreneurs

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http://www.nationmultimedia.com/aec/Analysis-Asean-Economic-Community-for-entrepreneur-30276853.html

business

Elisabeth Carolina
Mandiri, Jakarta   THU, 14 JAN, 2016 9:57 AM

Following the launch of the Asean Economic Community (AEC) at the end of December 2015, Indonesians must get ready to face Southeast Asia’s free market.

To recap, the objective of the AEC is to improve economic stability in Southeast Asia, to address economic matters among Asean member countries and to improve ASEAN competitiveness and enable members to compete with China and India in attracting foreign investment.

The AEC is expected to create an integrated market for capital, goods and service as well as labor. The impact of this will be a free flow of goods and services, investment, credit and skilled workers among ASEAN countries. Another positive impact is that Indonesian investors may expand their businesses without facing restrictions in neighboring countries. Conversely, Indonesia can draw investment fromAsean investors.

The government of Indonesia has issued Presidential Instruction (Inpres) No. 11/2011 on the implementation of the AEC blueprint in preparing Asean free trade. The blueprint mentions twelve priority industries to be integrated by the government, namely agribusiness, automotives, electronics, fisheries, rubber products, wood products and textiles.

The remaining five come from the services sector, comprising air transportation, health, tourism, logistics and information technology. In the AEC era, these industries will be integrated to allow for a free flow of goods, services, investment and labor.

According to the Industry Ministry, Indonesia currently has nine industries where the country can excel in theAsean market, namely agro-based businesses (CPO, cacao and rubber), fish and fish products, textiles and textile products, footwear, leather and leather products, furniture, foods and beverages, fertilizers and petrochemicals, machinery, base metals, iron and steel.

Other industries, like manufacturing and tourism, are yet to be developed to reach their full potential. Indonesia will have to retain its position as market leader in several industries to lure prospective investors.

So far, five main measures have been taken by the government to prepare for the AEC. First, the Aku Cinta Indonesia (I love Indonesia) programme as a national branding campaign for the consumption of domestic products such as garments, accessories, entertainment, tourism etc.

Second, the strengthening of the micro, small and medium enterprises (MSMEs) segment. Entrepreneurial activity in the segment is buoyed by promoting ambition, production efficiency and effective management, supporting market absorption of local MSMEs products as well as creating conducive business conditions.

Third, capacity and quality improvements of infrastructure like land, sea and air transportation, communication and information systems and energy supply. Fourth, the improvement of human resources through education. Lastly, organisational and administrative reform as stipulated in the 2012-2025 national strategy to prevent and eradicate corruption.

To help MSMEs with capital, the Financial Services Authority (OJK) can apply preferential treatment not only by giving subsidies but also through a more flexible approach to non-performing loans (NPL). The government should also facilitate entrepreneurial activity entering the domestic market by providing vocational and training centers and by connecting entrepreneurial activities in one region with those in other areas for information exchange.

See more at: http://www.thejakartapost.com/news/2016/01/13/analysis-asean-economic-community-entrepreneurs.html#sthash.TBsaES4N.dpuf

More companies to register on LSX within five years

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http://www.nationmultimedia.com/aec/More-companies-to-register-on-LSX-within-five-year-30276836.html

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Vientiane Times   WED, 13 JAN, 2016 7:16 PM

Between 25-30 companies are expected to register for listing on the Lao Securities Exchange (LSX) over the next five years due to the rapid growth of Laos’ economy, a financial advisor predicted recently.

CEO of APM (Lao) Securities CoLtd Somphob Sakpunpanom spoke to media representatives in Vientiane last Friday, comparing Laos to Cambodia and Myanmar as outstanding countries in terms of the rapid growth of various industries.

“Many companies have registered with the LSX; they come up with interesting profiles, representing several important industrial sectors, especially petroleum, large scale construction, banking and energy,” he said.

He also noted that these companies have great opportunities to grow in shares over the next five years.

“Businesses in real estate will also boom over the next years in various major provinces such as Champassak, Luang Prabang and Savannakhet as well as the capital. These four major cities are strategic provinces that have been granted special priorities by the government in attracting local and foreign investors,” Mr Somphob said.

The government has provided privilege facilities to investors including tax reductions and exemptions, facilitating the rapid growth of businesses in various sectors.

In 2016 and 2017, businesses operating in cement, construction materials, asphalts, logistics and agricultural processing will also boom, he said.

“With the Asean Community now in effect, Laos will have to adjust itself into aggressive trade rather than defensive tactics because Laos is sandwiched by five different countries. They are already strengthened in terms of the capital market,” he advised.

He also said that APM (Lao) Securities Co., Ltd is also set to provide financial consultancy for seven to ten companies in preparation for listing on the LSX from now to 2017.

“According to our company plan, we intend to bring in at least two to three companies to register for initial public offering (IPO) before listing them on the LSX,” he said, adding that his company will do its best to explain the sources of funds to the businesses, including fundraising from the public and the commercial banks.

The LSX was established in 2010 and commenced trading in January 2011. Currently, five companies are listed on the Lao stock market, those being Petroleum Trading Lao Public Company (PTL), Lao World Public Company, Banque Pour Le Commerce Exterieur Lao, Electricite du Laos Generation Public Company (EDL-Gen) and Souvanny Home Centre Public Company.

APM (Lao) Securities Co., Ltd is a financial advisory company for business structure development in preparation for listing on the LSX.

Myanmar rejects China’s request for timber-based industrial zone

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http://www.nationmultimedia.com/aec/Myanmar-rejects-Chinas-request-for-timber-based-in-30276808.html

Aung Ye Ko
Eleven Myanmar   WED, 13 JAN, 2016 6:31 PM

The Myanmar government has rejected China’s requests to purchase timber in log form under a tender system and to build a timber-based industrial zone in Myanmar, said Khin Maung Yi, the permanent secretary of the Ministry of Environmental Conservation and Forestry.

Rumours have circulated recently about Myanmar signing an MoU with China to facilitate the trading and cultivating of timber; they have since been dismissed by the Myanmar government.

“The Chinese government’s representative group came to us. We held a discussion with civic organisations. They requested the establishment of a timber-based industrial zone in Myanmar, perhaps in Lashi or Muse, for log trading. Our ministry replied that this would not be possible,” said Khin Maung Yi.

China’s request came after several visits by Myanmar officials to China in an attempt to curb illegal timber smuggling perpetrated by Chinese nationals.

During the Myanmar representatives’ negotiations in China, Chinese officials promised to cooperate and said: “Logs from Myanmar entering through any route and from any region will not be allowed.”

China earned US$2.7 billion from the illegal log trade with Myanmar between 2000 and 2014 and also earned $4.6 billion in profit from transforming illegally-traded tamalan timber into finished industrial products in 2014 alone.

The UK-based Environmental Investigation Agency has stated that China recovering its own forests by illegally importing timber from Myanmar. China is ranked among the countries with highest rates of forest recovery according to an EIA statement released on September 7, 015, while Myanmar tops in the list of countries with the highest deforestation rates.

Myanmar’s official timber production rate has been enormously reduced by illegal trading and processing, said Khin Maung Yi on January 12.

Year of the Madonna

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http://www.nationmultimedia.com/aec/Year-of-the-Madonna-30276856.html

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Manta Klangboonkrong
The Nation   THU, 14 JAN, 2016 10:07 AM

The Queen of Pop lights the fuse on another great year of concerts, with Santana and Diana Krall in hot pursuit

If you considered 2015 a bumper year for concerts by big foreign acts, the Monkey Year ahead promises to have you swinging from the vines based on what we know so far about just the first three-and-a-bit months.

Clearly the local promoters are getting better at their jobs. In 2015 we had Katy Perry, Muse, Imagine Dragons, One Direction and the Script performing in Thailand for the first time. Keen to return were the Backstreet Boys, Elton John, Avenged Sevenfold, Jason Mraz, Boyzone, Michael Buble and Michael Learns to Rock – as well as a surprise visit by Bon Jovi after a too-long absence.

“It was another golden year for the company,” says Neil Thompson, second in command at BEC-Tero Entertainment, the heavyweight on the local concert-promotion scene. “We signed a partnership agreement with Live Nation that allows us to bring more international shows to Thailand. This year we’ll finally get to see Madonna live in Bangkok after 30 years of waiting, and many more acts. BEC-Tero plans to hold two or three concerts and events per month.”

Madonna’s appearance in Thailand is definitely the biggest news of the moment. She’s been the Queen of Pop for three decades, but until now Thai fans could only watch her career from afar. That all changes when her “Rebel Heart” tour rolls into Impact Arena next month.

Initially billed as one night only, on February 9, the gig sold out within days, prompting arrangements for a second show on the 10th, for which there are still some seats left in case you thought you were out of luck.

Another show that’s sure to be terrific will be Diana Krall’s return on February 19. The five-time Grammy-winning jazz singer-pianist will be at Siam Paragon’s Royal Paragon Hall for her second appearance in Bangkok.

An immensely respected and successful recording and performing artist, Krall is a musical force in other ways as well. She produced Barbra Streisand’s latest album, served as musical director and arranger for Paul McCartney and hit the road for a good cause with Neil Young.

Krall has sold more albums than any other female jazz artist of the last 30 years, and those recordings have earned her nine gold, three platinum and seven multi-platinum commemorative discs. New promoter Viji Corp is presenting her concert, for which seats are on sale at Thai Ticket Major for Bt1,500 to Bt5,500.

On February 27 the Spanish pop quintet Dvicio makes its first landing in Thailand with a show enticingly called “Enamorate con Dvicio” at the Muang Thai GMM Live House in Central World Plaza. BeUS Production is in charge of this event and is expected to announce the finer details at http://www.ThaiTicketMajor.com on January 16.

American guitar legend Carlos Santana obviously loves coming to Thailand because he’ll be back for the sixth time on February 29 with another concert at Impact Arena, part of the “Luminosity” world tour. Thank BEC-Tero for this monster of a show too.

The fans can’t seem to get enough of Carlos and his virtuoso band either, certainly not when they’ve got such an amazing repertoire of hits dating back to the late 1960s. Count on hearing “She’s Not There”, “Black Magic Woman”, “Oye Como Va”, “Smooth”, “The Game of Love”, “Maria Maria” and many more. Considerably boosting interest is the fact that veteran Thai rockers Carabao will be putting in a special appearance. Seats cost Bt2,000 to Bt5,000 at Thai Ticket Major.

Viji Corp’s second concert of 2016 will feature American alternative-rock group Death Cab for Cutie, their first time in Bangkok. That’s on March 3 at Moonstar Studio in Lat Phrao district.

Singer-guitarist Ben Guibbard, bassist Nick Harmer and drummer Jason McGeer have garnered a reputation over the past two decades as one of contemporary music’s most compelling and creative outfits. Seats (not that you’ll be sitting for long) are on sale for Bt1,800 at Thai Ticket Major.

On March 8 it’s the turn of Australian pop-rock band 5 Seconds to Summer to make a Bangkok debut. BEC-Tero has them at Impact.

These Sydney-siders first found fame on YouTube with videos of them doing cover songs, and then in February 2014 they “went vinyl” with the self-penned single “She Looks So Perfect”, which charted in Britain and Ireland as well as Down Under. A self-titled studio album followed in June that same year and was No 1 in 11 countries. Since then there’s been the live album “LiveSOS”, and if you’ve heard it, you’ll be buying a seat for Bt2,000 to Bt5,000 from Thai Ticket Major.

Japanese guitar duo Depapepe whetted Thai appetites with a short showcase of tunes late last year and is back with the full banquet on March 25, at Central Lat Phrao’s BCC Hall.

Takuya Miura and Yoshinari Tokuoka’s upbeat and sophisticated instrumental pop has made them one of Japan’s most sought-after acts overseas. The recently launched “greatest hits” album “All Time Best” was issued in editions produced specifically for every country they’ve played, including Thailand. That kind of special treatment is bound to win fans, and starting at the end of this month they’ll gladly be paying Bt1,500 to Bt3,500 for seats at the organiser’s website, https://ticket.avalon.co.th.

Time for another legend on April 5 when the ageless Welsh pop crooner Sir Tom Jones revisits Bangkok six years after his last appearance here. BEC-Tero will be unveiling the details on its site soon.

We already know what’s on the set-list, though, because Sir Tom can’t go anywhere without performing “It’s Not Unusual”, “What’s New Pussycat”, “Delilah”, “She’s a Lady” and the pretty much autobiographical “Sex Bomb”. He’s a pop star, but he’s also done rock, soul, gospel, R&B, Broadway-type show tunes and even a little bit of country in the course of a four-decade career, meanwhile selling 100 million records.

Hard to beat that!

Watch the Web

BEC-Tero Entertainment: http://www.BECTero.com

BeUS Productions: http://www.beus.co.th

Avalon Live: http://www.Facebook.com/AvalonLive

Viji Corp: http://www.vijicorp.com

Thai Ticket Major: (02) 262 3456 and http://www.ThaiTicketMajor.com