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NEWS UPDATES Asean Affairs        4  May 2011

Prudential launches Indonesia equity fund

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It is an equity feeder fund with a fund size of RM100 million (US$33.6 million) that allows investors to participate in Indonesian equities.

Chief executive officer Lynn Cheah said Indonesia had been on the radar of global investors lately and its gross domestic product had nearly doubled over the last five years.

“The nation is expected to have strong earnings growth and the Government is working hard to secure strong foreign direct investments. Indonesia is well placed to take advantage of the strong demand in commodity as it is the world's largest exporter of coal, the third largest natural gas exporter and the world biggest palm oil producer,” she said at the media briefing on the fund yesterday.

The minimum investment amount is RM 1000 and minimum additional investment is RM100.

Prudential Asset Management (Singapore) Ltd Asian equity investment director Chow Wing Kin said Indonesia was one of the fastest growing economies in Asia.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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