Vietnam
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Kevin Snowball, CEO of PXP Vietnam Asset Management thinks the Vietnam market is cheap. He says the bad loans issue in Vietnam is manageable and concentrated in certain areas.
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Advisors can appeal to an increasingly diverse consumer base by learning how to embrace cultural differences and hone interpersonal skills with distinctive groups.
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*Nigeria says to cut domestic debt over 3-5 years. LAGOS, May 20- Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its funding costs, the head of the debt office said on Monday.
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TUNING OUT: A Vietnamese satellite TV company stopped airing 21 international channels, including BBC and CNN, on Thursday. Commercials running on foreign channels must also be available in Vietnam. Vietnam's other major cable and satellite providers continued to carry international channels.
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LONDON/ HANOI, May 9- Some local dealers are using a tax dodge to buy up much of the coffee in Vietnam, the world's top producer of the robusta variety used for instant coffee, slashing the market share of international traders.
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*Army decision closely watched by industry. Industry executives say they hope to hear more in June or July, but their hopes for a new acquisition program- one of few on the horizon- have dimmed given disparaging comments by top Army officials in recent weeks about flight demonstrations of some possible "off-the-shelf" helicopters last year.
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LONDON, May 8- Raw sugar futures on ICE were slightly lower on Wednesday as the cane crush in top grower Brazil gathered pace, while arabica coffee edged up and cocoa was little changed. July raw sugar futures were off 0.09 cent or 0.5 percent at 17.55 cents a lb at 1255 GMT with rising production in Brazil helping to keep the market on the defensive.
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said on Tuesday it began building a $100 million cocoa processing facility in Indonesia to meet growing demand in Asia for chocolate and other cocoa products. The facility under construction is in Gresik, in the East-Java region of Indonesia.
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Banks such as CIMB Group Holdings Bhd. and Malayan Banking Bhd led gainers in Malaysia, with the broader Kuala Lumpur's composite index ending up 1.4 percent at 1,776.73 after Monday's 3.4 percent jump.
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May 7- The following are excerpts from the consolidated earnings results of Asia Commercial Bank, Vietnam's fifth-biggest listed bank by assets, in the first quarter of 2013:. Unit: million dong Item Q1 2013 Q1 2012 Total assets 175,909,974 265,555,845 Gross profit 394,895 1,102,473 Net profit 307,030 837,205 NOTE:.
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The Ho Chi Minh Stock Exchange's VN Index dipped by midday as many investors took profits, but buying demand could increase on hopes of lower lending rates, analysts said.
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HANOI, May 7- Vietnam's upcoming Vung Ro oil refinery plans to double its capacity to 8 million tonnes a year by raising its total investment in the project 88 percent to $3.2 billion, an official said on Tuesday. The facility, 650 kilometres north of Ho Chi Minh City, has investment from Britain's Technostar Management Ltd and Russia's Telloil Group.
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May 7- The following are excerpts from the consolidated earnings results of Viet Nam Diary Products Joint Stock Co, Vietnam's biggest diary product maker, in the first quarter of 2013:. Unit: million dong Item Q1 2013 Q1 2012 Revenues 6,817,399 5,984,554 Gross profit 1,867,922 1,539,792 Net profit 1,530,838 1,270,464 NOTE:.
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--Vietnam's Health Ministry said it suspended a vaccine produced in South Korea for safety reasons even though it said the drug was safe. The move came after nine children died in Vietnam since last November after having been injected the vaccine used to protect babies against five diseases.
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HONG KONG, May 7- These are some of the leading stories in Hong Kong newspapers on Tuesday. --Next Media Ltd, owned by Hong Kong media mogul Jimmy Lai, expects a substantially bigger loss for the year to March, mainly due to operating losses incurred on the group's Taiwanese television and multimedia operations and its Hong Kong free newspaper Sharp Daily.
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*Rate-setting scandals in US, London triggered review in Singapore. SINGAPORE, May 7- Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.
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*Rate-setting scandals in US, London triggered review in Singapore. SINGAPORE, May 7- Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.
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NEW YORK, May 6- The head of the U.S. Centers for Disease Control and Prevention says the current strain of bird flu that is causing illness and deaths in China cannot spark a pandemic in its current form- but he added that there is no guarantee it will not mutate and cause a serious pandemic. In an exclusive interview at the Reuters Health Summit in New York, Dr.
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May 6- The following are excerpts from the consolidated earnings results of FPT Corporation, one of Vietnam's biggest listed software makers by market value, in the first quarter of this year:. Unit: million dong Item Q1 2013 Q1 2012 Revenues 8,611,039 8,937,351 Gross profit 574,384 577,918 Net profit 474,680 460,416.
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Southeast Asia's third largest economy saw a $471.59 million foreign inflow into the stock market on Monday. Malaysia's second-largest lender by assets, CIMB Group Holdings Bhd. Its chief executive, Nazir Razak, is the brother of Prime Minister Najib Razak.
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May 6- The following are excerpts from the consolidated earnings results of Hoa Phat Group, one of Vietnam's biggest listed steel makers by market value, in the first quarter of 2013:. Unit: million dong Item Q1 2013 Q1 2012 Revenues 3,995,878 4,143,971 Gross profit 572,218 244,353 Net profit 480,512 200,048 NOTE:.