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DARK POOLS INVADE ASIA
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AseanAffairs Magazine January - February 2011
CONTENT • ASEAN TALK
ASEAN COMMODITIES • ASEAN TECH
• ASEAN CORPORATE GOVERNANCE

• ASEAN TRAVELLER

• ASEAN ECONOMICS • BEYOND ASEAN  
• ASEAN ENVIRONMENT  INSIDE OUT 
• ASEAN POLITICS    • OPINION   
• ASEAN REAL ESTATE    • SAVE OUR PLANET

DARK POOLS INVADE ASIA
With the growth of the Asean economies, David Swartzentruber reports on the entry of Dark Pool electronic trading platforms into the region.



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BOMB BLAST FUELS UNCERTAINTY

 

Philippnes

         
Bus bombings in the Philippines.
As January neared its end, a bus attack just outside the financial district in Manila that took five lives was characterized as a “terrorist attack”, although officials could not really determine who caused the deadly explosion. Bus marshals from the National Capital Region Police Office started monitoring the buses after the incident.

President Benigno Aquino 3rd said that the bus explosion that killed five persons and injured more than a dozen others could be the handiwork of attackers who may be planning another strike at his administration.

Justice Secretary Leila de Lima hinted that the deadly explosion that ripped through a passenger bus in Makati City could be linked to the peace process in the volatile southern Philippines..................


 

HIGH-TECH FIRMS ATTRACTED TO INVEST

 

Vietnam


The 11th National Congress of the Vietnamese
communist party opened at the National Convention
Center in Hanoi in January.

The 11th National Congress of the Vietnamese Communist Party opened at the National Convention Center in Hanoi in January. Nguyen Phu Trong, 66, took over as chief of Vietnam’s ruling

Communist Party for the next five years. He pledged to continue integration with the international community in “a positive and active manner.”

Meanwhile, Vietnam continued to attract foreign direct investment as a US solar panel maker said it will build a $300 million factory in Vietnam, boosting the country’s efforts to reinvent itself as a hub for high-tech manufacturing.

Arizona-based First Solar said Vietnamese authorities had approved the investment in Ho Chi Minh City’s Cu Chi district, in the south of the country. The facility will employ around 600 people and production is expected to begin in the second half of next year, a company spokeswoman said. In October the US-based chip maker Intel opened a billion-dollar plant in Ho Chi Minh City.


 

CAMBODIA PROGRESS AT A HUMAN COST

 

Cambodia


c
ambodia continues to move ahead economically although at what social cost is an issue. A Chinese joint venture partner, Inner Mongolia Erdos Hung Jun Investment Co, has joined with
Protests in Cambodia over border
disputes with Thailand.

ruling party senator Lao Meng Khin’s Shukaku Inc. to develop a lakeside site that rights groups say will ultimately displace more than 4,000 lakeside families.

Residents affected by the project have staged continual protests in central Phnom Penh over the past few years to agitate for more compensation. The Chinese embassy weighed in and blamed “western influences” for the protests.

Meanwhile, the border issues with Thailand again stole headlines but the upcoming meeting of the Joint Thai-Cambodian Border Commission may resolve some issues.

On a positive note, inflation for 2011 is pegged at 4 percent, a figure that Cambodian economists feel is reasonable.

 

 

 

STOCK EXCHANGE, BANK OPEN IN LAOS

 

Laos

 

Phongsavanh Bank, The first private bank in Lao PDR, has been established.




Investors wait to apply for shares at the Lao Security Exchange in
Vientiane



T
he first bank to be listed on Laos’ fledgling stock exchange is looking to expand into corporate and private banking services, news reports said.

Banque pour le Commerce Exterieur Lao (BCEL) currently offers services in foreign exchange, insurance, leasing and brokering. It was listed on the Lao Securities Exchange when it opened on January 11.

“I think the next step is to expand our line of business toward consulting services like private banking and corporate banking,” Khamhou Tongthavy, the head of BCEL’s Administration and Finance Division, was quoted as saying by the Vientiane Times.

BCEL, communist Laos’ leading bank, was one of two state enterprises listed on the bourse’s first day in January with Electricite du Laos Generation.

Coffee industry groups and associations in Indonesia, Laos, Malaysia, the Philippines, Singapore, and Thailand recently met in Pattaya, Thailand and Pakse, Laos to organize the ASEAN Coffee Federation.

The geographical location of Laos between China and Thailand is proving fortuitous for Laos as China wants to have faster and better transportation between it and the throbbing economy of Thailand.........................


 

 

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