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NUS Business School, National University of Singapore

How Effective are Loyalty Reward Programs in Driving Share of Wallet?
Many markets, especially as competition stiffens during an economic slowdown, are a battleground for a share of the customer’s wallet. Marketers, in the hope of retaining customer loyalty, have embarked on loyalty reward programs. .More

Save Our Planet
Conference Series 2011

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Weekly NewsLetter
28 Febuary 2011
    Vol.1 No.6

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The Editor's Corner


The energy rush brings risks
          Faced with finite energy sources in the traditional energy sectors-gas, oil and coal- there is a worldwide rush on to develop more energy to meet the needs of expanding populations from both tradional and renewable sources. Here’s a roundup of recent energy stories on a global basis:

For the first time, Malaysian oil and gas producers will be involved in the development of marginal offshore oil fields. A marginal oil field is defined as a field that can produce 30 million barrels of oil equivalent (BOE) or less. However, the main risk is the possibility that the oil field would yield less than the targeted 30 million barrels, thus making the oil field a losing financial proposition.

The first dam on the Mekong River outside of China is slated for development at Xayaburi in Laos. This past week an earthquake occurred in Laos with its center at Xayaburi. Other concerns are that the dam will lower the fish populations along the Mekong that held feed 65 million people downriver. Construction of the dam involves a major Thai company and most of the electricity will be sold to Thailand, with some reserved for the development of impoverished Laos.

In Brazil a judge has blocked the building of the huge Belo Monte dam over environmental concerns that it would harm the world’s largest rainforest and displace 50,000 people. The dam would be the second-largest in the world after the Three Gorges in China and would produce 11,000 megawatts. Proponents say it would create jobs and bring electricity to homes.

In Indonesia, a mud volcano that has displaced 42,000 families and smothered 12 villages up to a depth of 15 meters is expected to continue spewing mud for 25 years. In addition, gas vents have popped open at various sites in Sidoarjo, East Java, sometimes burning unsuspecting residents.

The Indonesian government blames the eruption on an earthquake that struck days before, about 280 kilometres (174 miles) away from Lusi. But foreign experts suggest a gas drilling company, Lapindo Brantas, is at fault for failing to place a protective casing around a section of its well.

The issues involved with traditional and renewable energy sources will be debated at the Save Our Planet Energy Symposium, Friday, March 18, at the Shangri-La Hotel, Bangkok.


Top News from Southeast Asia

February 28, 2011


These were the most significant stories reported by Asean Affairs during the week of February 19-25.

New Indo levy on foreign films
Importation of foreign films into Indonesia has been halted and will only resume if the government revokes a new levy on imported films, the spokesman of 21 Cineplex has warned.

Thai research and development lags  
Experts say Thailand has been slow to expand its research and development (R&D) capability, placing it in danger of losing out to global competition in its quest for economic growth via the production of higher value-added goods.

Philippines credit conditions normalizing  
The Bangko Sentral ng Pilipinas (BSP) said it has taken steps toward normalizing the country’s credit condition, brushing aside suggestions it was behind the curve with respect to fighting inflation. BSP Governor Amando Tetangco Jr. told reporters that the central bank has withdrawn part of the stimulus package, such as the higher rediscounting facility, which was drawn up to prevent credit from freezing in the domestic financial market.

Twelve ethnic groups in Myanmar unite  
Twelve ethnic armed groups in Burma have agreed to operate together as the Union Nationalities Federal Council (Union of Burma) during four days of meetings on the Thai-Burma border. The military regime has repeatedly ignored the grievances and aspirations of ethnic communities for political, social, and economic equality and sought to maintain its control of ethnic states through unilateral, non-inclusive processes and armed conflict. This unprecedented alliance is a direct response to these decades-long policies.

AirAsia Indonesia looks at fourth-quarter IPO  
AirAsia, Southeast Asia’s biggest budget carrier, will soon appoint bankers to manage its Indonesian unit’s initial public offering as it tries to secure funds for expansion.

UN reveals paradigm shift for green economy 
The United Nations on Monday unveiled a strategy to ensure a sustainable future for the planet by investing 2 percent of wealth generated by the global economy, or some $1.3 trillion annually, in 10 key sectors.

Lotte to build petrochemical project in Indonesia 
South Korea’s Lotte Group is planning to invest up to $5 billion in a petrochemical project in Banten province, Indonesia, with construction expected to start next year.

Asean 40 ETF fund targets Asean 
Global X Funds, a New York-based provider of exchange traded funds, has launched the Global X FTSE Asean 40 ETF, the first fund listed in the United States to target Asean.

Asean brokers border conflict deal 
Cambodia and Thailand have agreed to accept Indonesian military and civilian observers to monitor disputed border areas that were the scene of bloody clashes earlier this month, following a meeting of Asean foreign ministers in Jakarta on Tuesday.

Yudhoyono Gives 2020 deadline to solve traffic issues  
Indonesian President Susilo Bambang Yudhoyono has ordered the governor of Jakarta to free the capital of traffic gridlock by 2020, and added that significant improvement must be felt by 2014.

Singapore inflation hits 2-year high  
In January Singapore's inflation reached a 2-year high, its highest level in 25 months.

Japanese to invest in Egco  
Tokyo Electric Power Co (Tepco) will invest 21 billion yen (US$254 million) for a stake in Stock Exchange of Thailand-listed Electricity Generating Plc (Egco) as the Japanese firm seeks to expand outside Japan.

Vietnamese PM outlines inflation measures 
The Vietnamese government announced a package of measures approved by Prime Minister Nguyen Tan Dung yesterday aimed at controlling inflation, maintaining economic stability and ensuring social welfare, including cuts to State spending and tighter credit policies.

US in Myanmar aid talks  
The U.S. has started talks with Myanmar pro-democracy leader Aung San Suu Kyi about US aid programs in the country, says the top US diplomat in Myanmar

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