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Posts Tagged ‘South-East Asia’

Coal in Indonesia: Two dynasties, several pits

Messrs Rothschild and Bakrie team up to dig coal

COAL is so popular that it makes for odd bedfellows. In November Nat Rothschild, a member of a prominent European banking dynasty, announced a tie-up with one of South-East Asia’s most controversial tycoons. Aburizal Bakrie (pictured) is the patriarch of a scrum of companies with interests in everything from agriculture to shipping. He is also a powerful politician who may well run for Indonesia’s presidency in 2014.

Indonesia is the world’s largest exporter of thermal coal. The Bakrie Group controls some of its choicest mines. Since these are conveniently located a shortish sea trip from the ravenous power plants of China and India, they are tempting to investors. …

Royal Bank of Scotland – Corporate moves

Madan Menon has been appointed country executive, Singapore wef January 2011
Work experience: Head, global banking & markets, India/head, global banking, South East Asia, Royal Bank of Scotland

The fight against AIDS: HIV’s slow retreat

One of the world’s worst plagues is giving ground

THE timing of the pope’s much-discussed change of position on the use of condoms to prevent the spread of HIV (he will now allow prostitutes to use them without fear of hellfire) was surely no coincidence. He made it on November 21st—ten days before World AIDS Day and two before UNAIDS, the United Nations body charged with combating the epidemic, released its latest report on the state of the battle.

That report carries good news. Though some 33m people are infected, the rate of new infections is falling—down from 3.1m a year a decade ago to 2.6m in 2009. Moreover, as the map shows, the figure is falling fastest in many of the most heavily infected countries, especially those of sub-Saharan Africa and South and South-East Asia. …

Pollution in the Himalayas: Time to call the sweep?

Soot gets everywhere. Even into the world’s highest mountains

THE Himalayas and the adjacent Tibetan plateau are sometimes referred to as the Earth’s third pole, because of the amount of ice they host. They are also known as Asia’s water tower. Their glaciers feed the continent’s largest rivers—and those, in turn, sustain some 1.5 billion people. Many studies suggest, though, that the Himalayan glaciers have been shrinking over the past few decades. This has usually been attributed to rising air temperatures, but climate researchers have now come to realise that tiny airborne particles of soot and dust are also to blame. Being dark, they absorb sunlight. And that warms their surroundings.

Near cities, and in regions like South-East Asia, where people are clearing vegetation by burning it, soot is expected. But as Angela Marinoni of the Institute of Atmospheric Sciences and Climate in Bologna explained to an audience at the 2nd Third Pole Environment Workshop in Kathmandu on October 27th, the high Himalayas are also under an onslaught from this sort of pollution. Even at altitudes above 5,000 metres (16,400 feet), soot is widespread. And when it lands on glaciers it accelerates their melting. …

Swiber says 3Q net profit fell 51.3% to $10.3m

Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, today reported a 27.5% increase in revenue to US$122.4 million ($157.7 million) for the three months ended September 30, 2010 (3QFY2010), as the group recognised contributions arising from the projects awarded to the group since November 2009, concentrated in South East Asia and South Asia.

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Retailing in South-East Asia: Exit Carrefour

Carrefour is quitting South-East Asia. Its rivals are waiting to pounce

TRUE to its French origins, Carrefour’s flagship Bangkok hypermarket has a fine cheese selection. But the raw-milk Camembert and other olfactory treats are tucked away behind rows of rice, fish sauce and other Thai staples. Carrefour’s presence in Thailand is similarly modest. Whereas Britain’s Tesco has become the country’s biggest grocery chain, Carrefour lies in a distant fourth place. Across the border in Malaysia it trails well behind Tesco and two other foreign retailers.

And so, with a Gallic shrug, Carrefour is closing up shop in much of South-East Asia. Its 44 stores in Thailand, 23 in Malaysia and two in Singapore are for sale, with a second round of bidding now under way. Potential buyers are said to include Tesco and Casino, a French firm that already has a Thai joint venture, Big C. Analysts reckon that Carrefour’s stores could fetch up to $1 billion. …

Samsonite Asia – Corporate moves

Frantz Braha has been appointed VP, South East Asia wef September 2010
Work experience: Area manager, Southeast Asia, Devanlay Lacoste

AusGroup – Corporate moves

Dave Gilbert has been appointed GM wef Sep 10
Work experience: GM, Eastern Australia and South East Asia, AGC Australia Pty Ltd; president director, PT Santan Batu Bara Coal Operations

Mobile phones in South-East Asia: Talk is cheap

In a saturated market, firms need customers to buy bells and whistles

TAKE a taxi in Bangkok and the driver’s mobile phone is sure to chirp. A long conversation ensues, usually by speakerphone, since few cabbies bother with headsets. It is not just that cabbies are chatty; it is also that talk is cheap. Once reserved for the rich, mobile phones are now ubiquitous in South-East Asia.

But what is good news for taxi drivers is less so for mobile operators. Price wars in nearly-saturated markets have mangled profit margins. One answer is to prod customers to use data services, such as e-mail, web-browsing and access to a variety of “applications”—all of which could, some analysts think, spur new growth. …

Swiber Holdings posts 25.3% fall in 2Q net profit to $19.4m

Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, today reported it posted a 25.3% decline in net profit to US$14.3 million ($19.4 million) for the three months ended June 30, 2010 (2QFY2010) on the back of a revenue of US$106.8 million.

Revenue remained relatively stable at US$106.8 million in 2QFY2010 as compared to US$110.8 million in 2QFY2009. The group recognised contributions arising from projects carried out in South East Asia and South Asia.

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Northern Trust – Corporate moves

William Mak has been appointed Singapore country manager/head, South East Asia wef July 2010
Work experience: MD, South East Asia, Bank of New York Mellon Asset Management; GM, ABN Amro/Mellon Asia Global Securities; MD, financial institutions group, South East Asia, BNP Paribas; director

Cerebos Pacific – Corporate moves

Lackana Leelayouthayotin has been appointed CEO, Health Supplement Division wef July 1
Work experience: ED/executive VP/CEO, Thailand & South East Asia, Cerebos Pacific Ltd,; executive VP/CEO, Thailand & Indo China, Cerebos Pacific Ltd

BNP Paribas – Corporate moves

Doreen Tan has been appointed senior institutional relationship manager, South East Asia and Australia wef June 2010
Work experience: 15 years of experience in financial institutions including strong relationship with the senior management of regional accounts
 

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Rabobank International – Corporate moves

Philip Lau has been appointed ED/head of South East Asia, Mergers & Acquisitions and Corporate Advisory wef June 2010
Work experience: Senior VP/head, investment banking, KBC Bank (Singapore) Ltd; internal auditor, DBS Group Holdings

Acision – Corporate moves

Fred Rees has been appointed VP, Sales, North Asia and South East Asia wef June 2010
Work experience: More than 20 years of telecommunications industry experience; held senior sales roles at Amdocs, Radio Frequency Systems, Lucent Technologies, Vodafone and British Telecom

Brocade – Corporate moves

Gina Tan has been appointed director of sales, South East Asia wef June 2010
Work experience: Head, Global Services Asia Pacific, Brocade; OEM senior sales manager, Brocade; GM, ASEAN region, SANDZ Solution

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Swiber secures contract worth up to US$27m to transport, install heavy structures

Swiber Holdings, the integrated construction and support services provider to the offshore industry, says it clinched a Letter of Award from a leading oil and gas operator in South East Asia.

The scope of work comprises the transportation and installation of heavy structures. The contract sum will range between US$17 million to US$27 million ($23.5 million to $37.3 million) depending on the options provided in the contract. The work will start in Q2 2012 and is expected to be completed in two months.

This is Swiber’s fourth contract win for 2010, adding to the contracts that it has secured earlier this year: the consortium awards of US$306 million worth of contracts and the US$148 million EPIC contract which we announced a week ago.

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Petra Foods sees 92% rise in 1Q net profit to $11.5m

Petra Foods, the manufacturer and supplier of cocoa ingredients and a leading player in branded consumer confectionary products in the South East Asia region, today announced that its net profit attributable to shareholders for the first quarter ended 31 March 2010 (1Q10) jumped 92% to US$8.3 million ($11.5 million) on the back of strong earnings momentum which began in FY2009, and reverberated into 1Q10.

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Internet connections in India affected due to Undersea Cable Repair

The cable system – SEA-ME-WE 4 (South East Asia-Middle East-West Europe 4) connects South East Asia with Europe via India and the Middle East and recently this cable has been cut from three spots.
Being so important international channel, it has to be repaired as soon as possible for which thee Indian internet connections have to [...]

Rana Dasgupta Honored With Best Book Award at the Commonwealth Writers’ Prize

Rana Dasgupta, the British-Indian author of 38 years has won £10,000 as best book prize for his solo novel “bold” at The Commonwealth Writers’ Prize. It is a yearly event that identifies literature from the former British colonies. The author took birth in Kent but now resides in New Delhi.
The finalists from the various [...]