Tag Archives: Asia

Laos, Cambodia Stock Exchanges Have A Combined 3 Companies Listed

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“If you were given all the money in the world to invest in a stock from the stock exchanges of Laos and Cambodia, which stock would you choose? You might not actually get a lot of choices – both exchanges are stagnant two years after becoming operational, due to domestic companies being unwilling to reveal financial information, unfavorable rules and regulations, and limited understanding by potential investors. The Lao Securities Exchange (LSX) has two companies listed currently, which is double that of the Cambodia Securities Exchange (CSX).  On an average day, the combined trading turnover in these two exchanges might reach a total of 5 million Thai baht ($160,760).”

http://www.ibtimes.com/lao-cambodian-stock-exchanges-stagnant-after-two-years-combined-three-companies-listed-1320809

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Jim Rogers on Price Inflation, Investing in Asia and China’s Boom

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“As we speak, there is this meeting in Beijing on what to do about the Chinese economy. It’s a plenary council, which only meets periodically. The first meeting was in 1978 where [Deng Xiaoping] started opening up the Chinese economy, which has certainly been the most important thing in the world economy in the past 35 years. In 1993 they had another one, which had dramatic results. The Chinese say that this meeting is going to have equally dramatic and dynamic results and come up with very important changes. It may be as important as 1993 or 1978, and if they do big things, it’s going to be perhaps the most important thing affecting the world economy over the next 10 or 20 years.”

http://www.thedailybell.com/exclusive-interviews/34756/Anthony-Wile-Jim-Rogers-on-Price-Inflation-Investing-in-Asia-and-Why-China-Will-Continue-to-Boom/

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Hong Kong entrepreneurs could win a slice of the bitcoin pie

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“An influential digital currency evangelist says Hong Kong can grab a huge slice of the controversial multibillion-dollar bitcoin industry as US hostility towards virtual money increases.  Roger Ver, 34, a bitcoin millionaire, told the South China Morning Post that efforts to disrupt the digital currency money market would be futile.  ‘It’s not stoppable. They can delay it within their own jurisdictions [states] but that’s going to be incredibly short-sighted and damaging.  ‘If the US government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and Singapore and all those Americans will miss out on all the opportunities.'”

http://www.scmp.com/business/banking-finance/article/1358150/hong-kong-entrepreneurs-could-win-slice-bitcoin-pie

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Not exactly the brightest way to smuggle gold…

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“Because of its traditional gold ties, regional commerce, and generous transportation options, Thailand has now become a major transit point for international gold smuggling destined for India.  The World Gold Council recently released its quarterly data on global gold trends, and the numbers are very clear: India’s gold demand cratered, dropping 32% because of the restrictions.  In Thailand, however, gold demand is up 125% from the 3rd quarter of 2012.  I’ve noticed this on the ground; there’s been a surge of gold shops and new inventory in the marketplace, particularly the small ‘biscuit’ bars that are easier to smuggle.  Much of this is bound for India.”

http://www.sovereignman.com/offshore/not-exactly-the-brightest-way-to-smuggle-gold-13193/

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A Look at Real Estate in Malaysia & Singapore

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“The first stop was Kuala Lumpur (KL). I was impressed at the level of development and with the quality of the infrastructure, in particular the newer developments underway in the satellite cities that surround KL.  Similar to the growth model used in parts of India, areas a few kilometers outside major metro centers are targeted for development where whole cities are literally grown out of the ground. Unlike China, though, these planned cities actually have residents and businesses and buzzing commerce. I visited one of these planned developments—Damansara Perdana—and it looked like a community that you’d expect to see in an upper-middle class area of Southern California like Orange County.”

https://www.internationalman.com/78-global-perspectives/1035-a-look-at-real-estate-in-singapore

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Could China make or break bitcoin?

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“‘There are two things affecting bitcoin in China,’ Linke Yang, co-founder and vice president of BTC China – the world’s largest bitcoin exchange by volume – told CNBC on the sidelines of the conference. ‘One is that there are a lot of [bitcoin] miners in China. The second is that, traditionally, high net-worth individuals and investors first go to the property market to invest and then the stock market, but since the property market is capped and controlled and stocks maybe aren’t doing so well that’s changing,’ Yang said. ‘After we had the China Central Television piece [on bitcoin in March] people here know about bitcoin and are putting their money into it.'”

http://www.cnbc.com/id/101200996

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Bitcoin Exchange Venture With Leading Asian Game Developer Announced

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“On Nov. 07, 2013, the Company announced a joint venture with one of Asia’s leading social gaming developers to created Global CXC, which will allow players to exchange credits from various social gaming networks, and also interchange credits for Bitcoins. Global CXC will initially provide the exchange for the one Social Gaming Network of over 80 Million players, an online casino network, and online merchandise store.  Users will be able to freely exchange credits for the social gaming platform, the online casino, and variety of merchandise utilizing Bitcoins to acquire credits, hereby creating a virtual exchange for the 80 million existing users.”

http://finance.yahoo.com/news/ludlow-research-upgrades-elra-based-151500127.html

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Myanmar gets its first investment bank [2012]

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“Alisher Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling, tree-lined Yangon and opened Myanmar’s first-ever investment bank with $1 million of his own money.  This places him in sparse company. While many chatter about the economic potential of one of the world’s last frontier markets, very few foreigners have actually set up shop. The first thing Ali had to do was explain to people in Myanmar, including some of his new employees, what an investment bank is.”

http://news.yahoo.com/myanmar-gets-first-investment-bank-072002469.html

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Capital-hungry Myanmar firms cautiously drawn to Singapore listings

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“The advertisements underscore Singapore’s nascent role as a magnet for Myanmar companies eager to grow as their country emerges from decades of isolation but frustrated by its crippled banking system and barely existing financial markets. The country does have an over-the-counter bourse, the Myanmar Securities Exchange Centre (MSEC), but it has only two listed firms. When the stocks are traded, which is very rarely, payments are normally made in cash. A few companies have gone public, but not on the MSEC. Instead they sell shares from their offices or even in public places, letting people know by taking a newspaper advertisement or just through word of mouth.”

http://in.reuters.com/article/2013/11/11/myanmar-singapore-listings-idINDEE9AA0DA20131111

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Myanmar faces big setbacks to implement stock exchange

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“Myanmar is facing big problems to implement a stock exchange including the need for  skilled workers, according to Deputy Minister for Finance and Revenue Maung Maung Thein. The challenge is to have enough employees who have the necessary skills to organise Stock Exchange Commission (SEC), to have building for stock exchange, to have basic infrastructure of information and technology, to give members of commission and staff for advance training and to educate public companies listed in stock exchange, the deputy minister pointed out. At present, Myanmar has about five companies who possess these essential qualities to be included in the stock exchange.”

http://elevenmyanmar.com/business/3871-myanmar-faces-big-setbacks-to-implement-stock-exchange-say-deputy-minister

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