Tuesday, December 23, 2008

Hot News : Dead body of access international advisors.

Madoff investor found dead of suicide
NEW YORK (AP) — Police say the founder of an investment fund that lost $1.4 billion with Bernard Madoff was found dead Tuesday after committing suicide at his Madison Avenue office.

The New York Police Department says Rene-Thierry Magon de la Villehuchet was found sitting at his desk with both wrists slashed. NYPD spokesman Paul Browne also says officers discovered a box cutter near him on the floor and a bottle of sleeping pills on the desk.


Madoff is accused of running a $50 billion Ponzi scheme that wiped out investors around the world, with big funds like de la Villehuchet's fund being especially hard hit.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

NEW YORK (AP) — The founder of an investment fund that lost millions with Bernard Madoff was found dead Tuesday at his Madison Avenue office of a possible suicide, authorities said.

Authorities found the body of Rene-Thierry Magon de la Villehuchet just before 8 a.m. at his office of Access International Advisors, located on Madison Avenue a couple of blocks from Rockefeller Center.

A French newspaper is reporting that the 65-year-old de la Villehuchet committed suicide. The New York medical examiner spokeswoman says it has not determined the cause of death yet.

Madoff is accused of running a $50 billion Ponzi scheme that wiped out investors around the world, with big funds like de la Villehuchet's $1.4 billion Access International Advisers being especially hard hit.

A former business partner said that de la Villehuchet came from a long line of aristocratic Frenchmen, with the Magon part of his name referring to one of France's most powerful families.

His fund enlisted intermediaries with links to the cream of Europe's high society and jet set to garner clients. Among them was Philippe Junot, a French businessman and friend who is the former husband of Princess Caroline of Monaco.

De la Villehuchet, the former chairman and CEO of Credit Lyonnais Securities USA, was also known as a keen sailor who regularly participated in regattas and was a member of the New York Yacht Club.

He lived in an affluent suburb in Westchester County with his wife. There was no answer Tuesday at the family's two-story house, which has a majestic view of a pond.

"He's irreproachable," said Bill Rapavy, who was Access International's chief operating officer before founding his own firm in 2007.

De la Villehuchet's death came as swindled investors began looking for ways to possibly recoup their losses. Hedge funds, which lost big to Madoff, are also coming up against investor lawsuits, since they had a fiduciary responsibility to protect their clients.

A handful of lawsuits have already been filed, all claiming that the hedge funds failed to properly vet Madoff and overlooked some red flags that could have steered them away.

Associated Press Writers Rachel Beck and Joe Bel Bruno in New York and Jim Fitzgerald in New Rochelle, N.Y., contributed to this report.

Reference : AP

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Monday, December 22, 2008

Asia is locate next from USA

beachThis word is not over, because nowadays after financial crisis in USA we can see the Tsunami (or more) effect around Asia I think it seem like Asian country is locate next from USA. Asian is catch the eye on them all the time in the american election Asian are expect the next president of United-states about Foreign Policy of Obama
Asian hope to not get painful from the trouble they are not set up. From my past report about Asia Forecast Econiomic Growth in 2009 and ther are all well know next year is "real worse". American are concern about How Asia Should Respond to the Financial Crisis

The wave effect is come fast.

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Hot News : Sea-Tac flight delays

airport usaA snow and ice storm has stranded hundreds of travelers at the seatac airport Portland airport and the city's bus and train stations.By the end of Sunday, nearly 400 flights were canceled at Portland International Airport. Many travelers were forced to camp out on the carpet."We aren't getting out," said Jerod Brown, who was at the seatac airport Sunday evening. "The earliest is December 25th -- Christmas Day -- in the evening."At the Greyhound bus depot, more than 200 people stayed the night after all bus routes were canceled Saturday.

Many travelers said they were upset with the conditions inside the depot."People are hungry, people have run out of money and people need to go see their families," said Darryn Fleming. "People want refunds so they can find
another means of transportation, but they won't refund the money."There's no word on when Greyhound buses will resume regular routes.To check flight status, visit flypdx.com.Winter weather is also canceling or delaying Amtrak service in the Northwest. Amtrak had hoped to resume Amtrak Cascades service Monday between Eugene and Vancouver, British Columbia, but canceled it because of infrastructure issues reported by Burlington Northern Santa Fe. Amtrak said passengers on other routes should expect significant delays.Passengers are urged to

check train status by calling 800-USA-Rail
or clicking online at amtrak.com.
Check Flight Delays here thenewstribune.com

reference : kptv.com

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Friday, December 19, 2008

Bush Car and Tom Yam Kung Crisis

Bush Postpones Decision on TARP for Auto Makers Big direct effect of US financial crisis hit the carmaker they are big enough to negotiate with there goverment
Auto bail out toppic, It is the talk of the world is prople wait to hear good way to slove this problem

The Big Three US carmakers are waiting for the US government to find a way to help the struggling car industry.

Chrysler is to halt production at all 30 of its factories for one month.

GM has suspended major work on its $370m engine factory in Michigan
Last week, GM said it was shutting down 30% of its North American production.

Ford announced on Wednesday it was to extend the normal two-week Christmas shut-down at 10 of its North American plants for an extra week.
Detroit's carmakers employ nearly a quarter-million workers, and more than 730,000 others produce materials and parts for cars. If one of the automakers declared bankruptcy, some estimate as many as 3 million U.S. jobs could be lost next year.


Finally Pressident Bush alow on Auto Bailout Plan.
You can see Bush Car video from CNBC video here
http://www.cnbc.com/id/15840232?video=971798824

‘Necessary Step’
President-elect Barack Obama endorsed the plan, calling it a “necessary step” to avoid a major blow to the economy.
“The auto companies must not squander this chance to reform bad management practices and begin the long-term restructuring that is absolutely required to save this critical industry,” Obama said in a statement.

This issue you have to to get your own answer what is right or wrong about Bush Car and Tom Yam Kung Crisis

I heard from some opinion of academician in Asian they said this is Dubble Standdard if compare with what IMF did with Asian when Business was melt down in 1997 Asian financial crisis

Read more at Bitter Asians wag the finger at U.S. bank bail outs





More info about Chrysler | GM | Ford


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Asia Forecast Econiomic Growth in 2009

Collected of the journal about economic growth 2009 forcast around Asia from many website.
We can see sketchily movement of each country from the data make me preparing the plan to invest in next year.

Japan forecast zero growth
forecast zero growth for the year to March 2010For the year to March 2009, the government now forecasts the nation's GDP to shrink a real 0.8 per cent, reversing its earlier estimate of 1.3 per cent growth.


less than expected in China's nextyear
China's economy is expected to grow by 10 percent in 2009,forecasted China's economic growth would accelerate largely at the second half of next year.BBC report about China's economy will grow by less than expected in next year, from last articles we can see the expects Car's sales in China.
A few months ago, before the global financial crisis, it predicted the Chinese economy would grow by about 9% After the financial crisis China's economy is expected to grow by 7.5% in 2009

Thai economic growth 0.2-0.5%
IMF cuts Thai economic growth 0.2-0.5% for 2008 & 2009
It predicted Asian economic growth will slow from last year’s 7% to 6% before a recovery begins in late 2009 when IMF pegged Asia’s overall GDP at 4.9%.
For Thailand, it has slashed this year’s expected economic growth rate from 4.7% to 4.5%.

Singapore GDP contracted by 0.6%
economy could contract in 2009, after weaker than expected third-quarter GDP figures
Next year, the city-state expects its GDP to range between a contraction of 1.0 per cent and growth of 2.0 per cent
Singapore's Ministry of Trade and Industry (MTI) said Singapore's GDP contracted by 0.6 per cent in year-on-year terms.

3% in Korea
Yahoo News and The Korea Heraldreport about 2009 economic growth slowing and The Samsung Economic Research Institute forecast a 3.2 per cent GDP growth for next year

Indonesian economic growth forecast at 6.2%
ANTARA News report, Indonesian President ANTARA News report, Indonesian President Susilo Bambang Yudhoyono unveiled Friday a draft state budget for the fiscal year 2009, forecasting economic growth of 6.2 per cent.

Malaysia expects 2009 economic growth of 5-6 pct
Malaysia's central bank has forecast growth of 5 to 6 percent this year, from a three-year high of 6.3 percent in 2007

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Monday, December 15, 2008

Mega Mall

We know about a lot of Mega Mall opened in past few year before subprime in USA and effected around the globe.

We heard about one of Dubai Mall In United Arab Emirates.
The mall is situated at the foot of Burj Dubai (Dubai Tower) already the tallest building on earth at around 700 meters (2,300 feet) and still under construction. Dubai Mall, whose projected 1,200 stores and scores of entertainment outlets are billed as the biggest shopping centre in the Middle East and one of the largest Mega mall in the world.


Project owner Emaar Malls, a subsidiary of the giant Dubai-based property developer Emaar (Dubai-based Public Joint Stock Company and one of the world’s largest real estate companies), is optimistic about the viability of the shopping centre, which is part of a 20-billion-dollar project. But some economists have questioned whether the developers of Dubai Mall can meet their target of 30 million visitors in the first year amid the global economic gloom.




In South east Asia we can focusing it to SM Megamall in Philippine claimed to be the world’s third-largest shopping centre and Siam Paragon in Thailand claim largest in Asia. Both are claim there are the one of world’s largest shopping centre. from this report of Philippine mega mall expands. It seem like in Asian people like to go shopping more than European ? or may be because e-commerce In Asian is not success as we know Amazon or eBay in western world ?





- ASI report

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Chinese tourist arrivals expected to double with daily charters

Taipei The number of Chinese tourist arrivals to Taiwan is likely to double to 600 per day following Monday's opening of direct daily charter flight services between the two sides, according to the results of research by the Ministry of Transportation and Communication (MOTC).
As more direct routes will be adopted for the daily cross-Taiwan Strait charter flights from Dec. 15, passengers will be able to save on both cost and travel time from that day, the MOTC said.


The daily charter services will connect Taiwan to 21 Chinese destinations scattered across China, including Chengdu, Chongqing, Hangzhou, Dalian, Shenzhen, Tianjin, Kunming, Qingdao, Haikou and Shenyang.

According to tour operators, the reduced travel time will be the greatest advantage in the new measures.

From Monday, a trip on the new Taipei-Shanghai route will take only 90 minutes -- one hour less than the present route that has to go through the Hong Kong flight information zone, tour operators said. This will also help reduce the time of a flight between Taipei and Beijing to two hours and 50 minutes from the present three hours and 35 minutes.

At the same time, the number of the two-way charter flights per week will rise from 36 to 108, bureau officials said. Currently, some 90 percent of the passengers are Taiwanese businessmen, so seats will need to be added to meet tourism demand between the two sides, they noted.

The increased flights and destinations will also help attract a larger number of Chinese tourists, they contended.

The MOTC Tourism Bureau forecast that an average of 600 Chinese tourists will come to Taiwan for sightseeing per day aboard the direct flights, double the current daily number of 300.

Since the direct cross-strait charter flights on weekends have been implemented from mid-July, a total of 32,973 tourists from China had visited Taiwan as of early November, an average of some 300 per day, according to bureau statistics.

Some 55 percent of the total, or 18,184 people, flew into Taiwan aboard weekend charter flights from five Chinese cities -- Beijing, Shanghai, Nanjing, Guangzhou and Xiamen -- the tallies indicate.


Taiwan and China inked two landmark accords in June in Beijing to allow Chinese tourists from 13 provinces and cities to visit Taiwan and to establish the direct weekend charter flights.

The two sides expanded the scope of the two pacts during talks in Taipei in November, allowing Chinese residents from more cities and provinces to make pleasure trips to Taiwan and expanding the weekend charter flights to a daily service.


12/14/2008 (CNA)

Reference : taiwanheadlines.gov.tw


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Abhisit Vejjajiva, Thai Prime Minister

This is Quote from Time Magazine in 1997


Abhisit resembles a certain heavyweight from the U.S. Democratic Party. But there's one big difference: unlike Bill Clinton, Abhisit didn't grow up in trailer-park country.



NowadaysAbhisit Vejjajiva,is Number 44 of thai prime minister

Early life and education
"Mark" is his nickname, he was born into an elite family in Newcastle upon Tyne. He is well educated After studying at Chulalongkorn University’sDemonstration School, he transferred to Scaitcliffe School (now Bishopsgate School) and Eton College, Abhisit was admitted into St John's College, Oxford, where he graduated with a Bachelor’s degree (first class honours) in Philosophy, Politics and Economics. He taught briefly at Thailand's Chulachomklao Royal Military Academy, but returned to Oxford to pursue a Master’s degree in Economics. He then became a lecturer in the Faculty of Economics at Thammasat University. He also earned a Bachelor degree in Law from Ramkhamhaeng University in 1990.
He has great composure and manners, and is an eloquent speaker with strong debating skills.


Entry into politics
Abhisit became Opposition leader after the 2005 election. On his website he says his outstanding achievement was the no-confidence debate on the purchase of the CTX (explosive-detection device) for Suvarnabhumi Airport. He was a Prime Minister's Office Minister handling education reform, bureaucratic reform, and created mechanisms for anti-corruption policies.

Abhisit Vejjajiva and the Democrat Party have been criticised as being backed by the military. They have also been criticised as beneficiaries from the coup against its main opponent - the disbanded Thai Rak Thai Party.
Abhisit's ability to bridge the rural-urban divide is also in question as the Thai Rak Thai's popularity in the North and the Northeast is very strong. His ability to lead veteran politicians in a coalition government is also uncertain.


December 2007 election
The Democrat Party was left in the opposition after the December 2007 parliamentary election, as Samak Sundaravej of the People's Power Party was able to form a six-party coalition. In a parliamentary vote on January 28, 2008, Abhisit was defeated by Samak for the post of Prime Minister, receiving 163 votes against 310 votes for Samak.


2008
Following the removal of prime minister Samak Sundaravej in 2008, Abhisit lost the National Assembly of Thailand vote for Prime Minister of Thailand by 163 votes to 298 for Somchai Wongsawat.On December 2, 2008, the Constitutional Court of Thailand decided to ban the three parties including the PPP, which dissolved the governing coalition. The Court also banned Somchai and removed him from office; he was succeeded by a deputy. When it became clear that another government under the For Thai Party or Puea Thai (the successor of the PPP) was not a viable option the remainder of the Chart Thai Party under Sanan Krachonprasat the Thais United National Development Party and Neutral Democratic Party, almost all except for the Royal People Party decided to back a Democrat led coalition thereby endorsing Abhisit as the next Thailand Prime Minister.Abhisit even gain some supporters from the PPP including about 37 MPs from a PPP faction called "Friends of Newin" (as in Newin Chidchob), thereby securing a majority to form a governing coalition.On December 7 the various parties held a press conference endorsing Abhisit and a Democrat led government.
Finally Abhisit Vejjajiva He was officially named the new prime minister of Thailand after winning a special vote in parliament on December 15, 2008.


- ASI report
- 12/16/08

Reference: TIME

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Sunday, December 14, 2008

Former S Korean chairman cheered

HA NOI — National Assembly Chairman Nguyen Phu Trong applauded contributions made by former NA speaker of South Korea Lee Man Sop to boosting the friendship and multi-faceted co-operation between the two countries.

While receiving the former South Korean legislator in Ha Noi yesterday, chairman Trong expressed his delight at the development of the ties between the two countries in various fields, including politics, economy, culture, education and tourism.


He said around 25,000 Vietnamese brides and 45,000 Vietnamese workers were living and working in South Korea and thousands of Vietnamese tourists visit South Korea each year, serving as a tool to strengthen the link between the two countries.

Trong said he was impressed at the great achievements made by South Korean Government and people in the national construction and development process during his visit to South Korea in March this year.

For his part, Lee Man Sop expressed his delight at the rapid and comprehensive development of Viet Nam in recent years.

He said he believed that under the leadership of the Party and State, Viet Nam would continue gaining new achievements in the future.

He expressed his thanks to Viet Nam for its support to the peace process on the Korean Peninsula.

The former South Korean top legislator praised contributions made by the Vietnamese community in South Korea to the socio-economic development of the country, and expressed his belief that the two countries’ co-operation would be lifted to a new level in the near future. — VNS
(13-12-2008)

Reference : vietnam news

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Saturday, December 13, 2008

Alibaba To Invest CNY300 Million In Yahoo Koubei

December 12, 2008

Chinese e-commerce giant Alibaba has announced plans to invest CNY300 million in the newly merged Yahoo (YAHOO) Koubei Company in 2009 to develop the lifestyle services business of the company.

A representative from Alibaba told local media that Yahoo Koubei's development strategy is to further focus on the e-commerce areas of lifestyle services to provide Chinese consumers with a platform with the lifestyle service market as its core and Yahoo's social networking site website Yahoo Relations as its support.

In the future, Yahoo Koubei will be mainly engaged in lifestyle services and will play down Yahoo's former businesses like news and search services. This is the key focus of the company which was set during the merger of Yahoo and Koubei.com.

The representative adds that there will be personal adjustments in the company. Although it is unclear whether the company will cut staff or not, some employees, who originally worked in Beijing, will be transferred to Hangzhou, and some worked in Hangzhou will be working in Beijing in the future.

Shen Jianming, vice president for Alibaba Group and vice president for Yahoo China, just resigned her positions and officially departed from Alibaba Group. Shen says she left Alibaba Group for personal reasons. She says her departure is partly because Yahoo China shifted its focus to Koubei.com after it acquired the website and she was asked to work in Hangzhou to manage Koubei.com. However, she does not want to leave her family in Beijing, so she put forward her resignation a month ago.

Reference : china technews

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Friday, December 5, 2008

It could be worse than sars, tsunami

The tourism industry could well be even harder hit by the closure of Bangkok's two airports than by either the Sars epidemic of 2002-2003 or the 2004 tsunami disaster, according to JPMorgan Securities (Thailand).

The company yesterday released its research on impact assessment of the airport closures and the political demonstrations, saying that Thailand's tourism receipts account for almost 9 per cent of overall current-account receipts and are equal to about 6.5 per cent of gross domestic product (the third-highest in emerging Asia).


Meanwhile, 6 per cent of the labour force - 2.42 million individuals - are directly employed in the sector.

Assessing the potential macro impact of a tourism slump during the high season period from November to March, JPMorgan notes that annual tourism-related revenue has a large seasonal bias in the first and final quarters. The quarterly GDP growth series in the graphic highlights the impact of previous tourism downturns during the Sars crisis (2002-2003) and the post-tsunami period (2005).

The company said the current situation could potentially have a larger impact than either of the two prior episodes, as travel normalised rapidly after the Sars outbreak came under control, while tourism flows were diverted from the tsunami-hit South towards other regions of Thailand, mitigating the overall impact.

The current occupation and closure of the two Bangkok airports prevent access to a large number of long-haul travelers who transit through Bangkok to other provinces, while access via the direct Asian flights to Phuket, Samui and Chiang Mai may be spurned by Asian visitors wary of the security situation.

Assessing the impact on the corporate sector, JPMorgan sees the direct impact primarily in services-related activities such as hotels and restaurants, and exporters of perishable products/electronics (that rely on air freight), with indirect impact on the banking and retail sectors.

Tourism revenues will be hit hard. The ensuing travel advisories from various countries could take the occupancy rates of the four- and five-star properties to a far lower ratio than the depressed 50-per-cent level of late.

Food manufacturers will also be hit. The sector will be

negatively affected via a slowdown in the restaurant services sector.

Reference : Picture by Agron

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Tuesday, December 2, 2008

Coca-Cola's takeover the Huiyuan Juice Group

BEIJING: The Chinese government is conducting an anti-monopoly review of Coca-Cola's multi-billion-dollar takeover bid for the Huiyuan Juice Group, the two companies said in a joint statement on Tuesday.

"The application under (China's) Anti-Monopoly Law has been submitted to the Ministry of Commerce. The approval process is progressing and we are working in full cooperation with the Ministry of Commerce," said the statement.

Coca-Cola announced in September plans to buy Hong Kong-listed Huiyuan, which controls more than 40 per cent of the Chinese market for pure juice, for 2.4 billion dollars.

If approved, it would be Coca-Cola's largest attainment in China and, according to analysts, the biggest-ever foreign takeover of a Chinese firm.

The anti-trust review is required by Chinese rules as the combined global turnover of the two firms was more than 10 billion yuan (1.5 billion dollars) in 2007, and as they each made over 400 million yuan in China.

The commerce ministry has said it would review the takeover according to the principles of a market-oriented economy.

Analysts have said the planned deal is a litmus test of China's anti-monopoly law that took effect in August.

The bid has until March 23 to pass the review, according to the statement.

Reference
- AFP/so
Photo by :china.sixty4

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Friday, November 28, 2008

Good Time to buy Asia stock

This is good time to invest in Asia stock market, I will explain why I said that.
Every body knows about financial crisis in USA is effect bank and business in USA getting worst everyday. Car producers in USA are hit by the effect of this financial crisis because the oder around the globe reduce in 2008. Anyway we have to look in fact detail, The manufacturers in USA have a crash flow problem and low circulation and the car is not eco engine. Look at the rival in Asia, Honda & Toyota Japanese company produce eco car and Sub-Compact car by VTEC engine the record we can see growing of Sub-Compact car sells in opposite directions pare with future of GM is flat around asia at lease 6 month


The situation of east and western world is much difference the crisis hit Asian by fund flow that out from the market because of force sales.

  • Till now some stock price is lower and lower than the truly value

  • good free cash flow

  • No debt or long term debt

  • growth every year

  • dividendmore than 7%

  • PE 3

  • P/BV 0.8


  • You can find the of diamond among the stone in asia stock market.


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    Thursday, November 27, 2008

    Terrorist attacks India not to impact banking system



    MUMBAI: The deadly terror attacks, which crippled the city today, will not be able to dent the confidence of India's banking and financial

    system, which, bankers feel, will bounce back to normal soon. 

    "I don't see any impact of the terror attacks on our bank," Union Bank of India (UBI) Chairman M V Nair told PTI.
     

    Out of 120 UBI branches in the city, 118 are functioning normally, Nair said, adding, the impact is limited to the Nariman Point area, which is cordoned off by security forces. 

    HDFC Bank Treasury Head Sudhir Joshi said the banking operations, except in the areas affected by terrorist attacks, remained largely unaffected. 

    Major markets, including the Bombay Stock Exchange and National Stock Exchange, remained closed. 

    "I don't think that there would be an impact of terrorist attacks in Mumbai on the financial sector even in the very short term," Joshi said. 

    ICICI Bank Managing Director and CII President K V Kamath said while the city has a track record of bouncing back, "this is new type of attack and I am sure the city has to adjust to this attack." 

    Former RBI Governor Bimal Jalan said it's time for consolidation, support and solidarity in the country and across the border. 

    "Some people are worried if it will affect the foreign investments," Jalan said. 

    The city has faced several terror onslaughts including those in 1993, 1997, 1998, 2002, 2003 and 2006.>

    reference :
    the economic times
    Union Bank of India (UBI)
    Bombay Stock Exchange
    National Stock Exchange


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    Wednesday, November 26, 2008

    PAD shut Airport of Thailand

    PAD shuts Suvarnabhumi Airport

    Thousands stranded as outbound flights cancelled

    Suvarnabhumi airport and the travel plans of thousands of tourists were in turmoil last night after PAD supporters stormed the terminal, forcing authorities to shut down most operations.

    PAD protesters jam the entry to the passenger terminal at Suvarnabhumi last night before storming inside, forcing the closure of the airport to outgoing flights. Airlines were making their own decisions on flight arrivals. PAWAT LAOPAISARNTAKSIN
    Outbound flights were suspended from 9pm and the terminal building was closed when People's Alliance for Democracy breached a thin line of police officers, Suvarnabhumi director Serirat Prasutanond said.


    Inbound flights were still being allowed to land at the airport last night. Officials said it was up to the airlines whether they would continue to allow flights to land today.
    The decision left thousands of passengers stranded inside the terminal. Night time is one of the peak periods for the airport as most flights to European cities take off after dark.
    Airports of Thailand (AoT) officials tried in vain to persuade the PAD protesters not to enter the terminal.
    A decision to reopen the airport would be decided later after officials assessed the situation, he said.
    As reports of PAD supporters heading to Suvarnabhumi reached Samut Prakan governor Kwanchai Wongnitikorn, he contacted army chief Gen Anupong Paojinda to send troops to help police prevent them from storming into the airport's main areas.

    The governor told Mr Serirat he had sought help from the army chief. But there was no response from the army, leaving an inadequate police cordon unable to cope with the mass of anti-government protesters.
    The PAD demonstrators broke through police lines shortly after 8pm and walked among the passengers with some shouting "Fight! Fight!", frightening many foreign visitors.

    Earlier, the PAD had issued a statement that it would shut Suvarnabhumi airport to force Prime Minister Somchai Wongsawat and his coalition government to step down.
    The PAD said the shutdown was a "must-do" measure to stop the "puppet government" from functioning.

    "The PAD needs to elevate its protest and civil disobedience by shutting down Suvarnabhumi airport. We are issuing an ultimatum through the Thai public and the world community to Somchai Wongsawat and his government. They must step down immediately and without conditions," the statement said.

    As thousands of protesters blocked off the airport, passengers were forced to drag their luggage along the lengthy access roads to the terminal, only to find their outbound flights cancelled.
    About 400 crowd-control police from Samut Prakan and airport security guards were mobilised to stand guard.

    Speaking from Peru, the prime minister said his chartered flight would not land at Suvarnabhumi today but refused to disclose his destination. "I will get off the plane wherever it lands," he said.
    Mr Somchai's flight from Peru, due to leave at noon from Lima, was delayed for several hours because of technical problems.
    He said he would not cave in to PAD pressure, saying only the people could dictate to him.
    He said under the constitution, anyone who attempted to topple the government would be considered insurrectionists.
    Mr Somchai lashed out at the PAD's siege of the government's temporary office at Don Mueang airport, saying the group was being irrational and damaging the country.
    He said he would call an emergency meeting of security agencies after his return from Peru.
    The premier doubted the PAD would allow a new parliamentary session to approve all agreements for Thailand to sign with other members of the Association of Southeast Asian Nations (Asean) at the Chiang Mai summit next month.
    Earlier in the day, the PAD demonstrators briefly rallied outside the Supreme Command headquarters on Chaeng Wattana road following a report that the cabinet would meet there.

    The joint parliamentary sitting has been rescheduled for Dec 8-9.
    Metropolitan Police Bureau commissioner Pol Lt-Gen Suchart Muenkaew said more checkpoints would be set up in and around Bangkok as more PAD supporters were coming to the capital.

    reference :
    bangkokpost


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    Monday, November 24, 2008

    Voice of Asian tourist industry from Japan & Thailand

    Today Japan, Thailand and Asian tourism and hospitality is flat or getting worse when hit by the effect of financial crisis of america and introduce you to know about Thailand's major sources of revenue.

    This journal Publication since 1993 author by Wanchai Panmunin, Ph.D., is an associate professor at Concord College (Athens, West Virginia) the name of article is What's happening to Thai hospitality The Most Exotic Country in Asia.

    Today I surf around japan site and found some interesting article from Japan Time website. I think this is good articles of voice from japanese who work in tourism industry it should be great for investor to know what they think and for this period what strategy they use how toattract foreigners and promote the business in Voice from tourism industry in Japan

    hope both article from asian voice will make some business idea to you.

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    Thailand almost ready to sign Asean-S. Korea pact

    Thailand is ready to sign the Asean-South Korea free trade agreement at the Asean Summit in Chiang Mai next month if the plan wins endorsement from Parliament today.

    According to Noppadon Sarawasi, deputy director-general of the Trade Negotiations Department, the agreement is likely to be the only free trade deal Thailand could achieve this year.

    Thailand has been engaged in talks about its role in other free trade agreements under the Asean framework including Asean-India, Asean-Australia, and Asean-New Zealand.

    Mr Noppadon said those agreements were unlikely to be signed within this year.

    Asean and Seoul began FTA talks in December, 2005. All Asean members except Thailand signed the agreement on trade in goods and agreement on dispute settlement mechanism in May 2006 and it took effect two months later.



    Thailand had declined to sign the Asean-Korea FTA over differences in Seoul's treatment of some agricultural products, particularly rice and livestock.

    After almost a year of negotiations, Thailand concluded the talks with Seoul under the Asean-Korea free trade agreement (AKFTA) last December after Seoul allowed an extension for import tariff reductions on Thai goods from 2010-12 to 2016-17.

    Thai items given extensions for tax cuts and/or waivers include steel and steel products, cosmetics, raw hides, tanned leather and leather goods. Other products that would benefit from Seoul's pledged tariff cuts include electrical appliances, particle board, plywood, cane molasses, yarn, frozen shrimp, tapioca starch and squid.

    South Korea is Thailand's eighth-largest trade partner, with bilateral trade value of nearly US$7 billion.

    According to Mr Noppadon, the Commerce Ministry would also seek approval from Parliament today on a mutual recognition agreement (MRA) for three professions _ physicians, dentists and accountants _ allowing personnel in those three careers to work freely in Asean.

    Official signing is anticipated at the Asean Summit from Dec 15-18 if MPs approve the proposal, he said.

    Chutima Bunyapraphasara, director-general of the Trade Negotiations Department, said the Asean Trade in Goods Agreement (Atiga) and the Asean Comprehensive Investment Agreement (ACIA) were also scheduled to be signed at the Asean Summit in December.

    Atiga is an amendment to the Asean Free Trade Area Common Effective Preferential Tariff (Afta CEPT) scheme, while ACIA is also an improvement over two existing ones _ the Asean Investment Area (AIA) and Asean Investment Guarantee Agreements (IGA).

    Afta CEPT focused on tariff reduction or elimination for trade in goods. Atiga comprises both tariff and non-tariff elements, including trade discipline on sanitary and phytosanitary measures, customs procedures and trade facilitation, among others. The refinements are part of the effort to create a broader Asean Economic Community by 2015.

    Reference |bangkokpost | Thai FTA



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    Summary: fluctuate

    China

    Tiwan
    Japan
    Thailand


    flat all asia, rebound only Japan market.
    for thailand today have insider problem about political the people protest around the airport.

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    Sunday, November 23, 2008

    Know more & Invest in Asian

    I'm make compilation of Asian stock market website to this blog you can see in the right table.
    You can check stock movement and get more information about market and business in Asia.
    and let see what happen in asia during in europe and USA hit by the Financial crisis, see what effective to asian investment.



    Asia Stock Market

    You will see the stock index is all down, Who know why ? it real effect or just funds flow is moving out ?
    for the case of funds flow it mean the price is low it not about fundamental of the business right ? maybe ?
    then investor can benchmark the Value to invest maybe this is good chance?

    Stay calm Stay Invest


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    GM sees flat China sales next 6-9 months

    By Dana Ford

    LIMA (Reuters) - General Motors Corp said on Friday it expects sales in China to be flat for the next nine months, as the worldwide economic crisis hits the company in its largest market outside of the United States.

    The U.S.-based automotive maker, whose share price tumbled to its lowest level in 66 years this week, had been depending on China as one of its fastest growth markets.

    "For China, we're expecting a relatively flat market -- so no up, no down -- for probably another six to nine months maximum, and then back to the more natural growth that we see longer term of 10 to 15 percent," Nick Reilly, GM's Asia Pacific president, told Reuters at a meeting of leaders from 21 Pacific Rim economies at the APEC summit in Lima.



    "The growth is probably going to be somewhere around 10 percent for the industry, and I would hope we can grow a little bit more than that with those new entries," he said.

    GM is planning to roll out five new cars in China in the next 12 months. Because of the new products and China's general economic boom, Reilly remained upbeat about the company's long-term growth in the Asian country.

    He said GM would likely sell between 1 million and 1.2 million vehicles in China next year, up from 1 million sold in 2008.

    Elsewhere in Asia, Reilly said GM plans to spend about $1.5 billion each year, for the next two to three years, investing in places like India, where the company hopes to double its market share in the next three to four years. It currently has about 4 percent of the Indian market.

    GM is working to up its growth throughout the Asia Pacific, but is obviously aware of the extremely tight economic environment.

    "Robust growth is going to start again when consumer confidence comes back and that is, I think, fairly closely linked with the stock market," said Reilly.

    GM shares were off almost 7 percent on Friday at $2.68.

    (Reporting by Dana Ford; Editing by Fiona Ortiz, Lisa Von Ahn and Matthew Lewis)


    Reference : reuters.com

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    Saturday, November 22, 2008

    Asian hedge fund industry set to thrive despite headwinds

    Arguably, 2007 was the most important year for hedge funds in Asia since GFIA started researching the Asian hedge fund universe in 1998. First, it was clearly a good year for returns. The Asiahedge composite was up 9.2 per cent in US dollar terms, roughly twice Libor, while the more representative Asia ex-Japan and Asia including Japan indices were up by 24.6 and 21.1 per cent respectively.

    The GFIA-managed fund of Asian hedge funds, the Wittenham Asia Core Fund, returned 30.2 per cent from a highly diversified portfolio. The exception was, of course, Japan, where the corresponding Asiahedge long/short index was down 2.6 per cent, again in US dollar terms. Over the year, GFIA made money from its Japanese allocations, but only just.

    Secondly, in a global context, the hedge fund industry demonstrated conclusively that its risk management processes were much more effective in aggregate than those of the banking system. The global banking system wrote off at the very least USD100bn of shareholder value, with more of those losses probably lurking within the system, while the global hedge fund industry - assuming a size of USD2tn, and applying the HFRI composite fund index return for 2007 of 10.2 per cent - created more than USD200bn of investor value.



    Clearly, spreading risk management across a broad spectrum of economically empowered specialists is far more effective than letting risk management sit with employed agents within a small number of large banking institutions. This lesson will sink in deeply through 2008, and lead to a new level of respect for the hedge fund industry.

    Finally, for the larger managers that have for some time been involved as direct liquidity providers to issuers, their main competition - the banks - fell away in the second half of the year. Some of the larger hedge funds in Asia that specialise in direct liquidity provision told GFIA that the environment had become very friendly for them toward the end of 2007, as the deal flow increased significantly because of the banks' absence.

    Relatively speaking, the crippling effect of the sub-prime crisis on commercial and investment banks has resulted in a significant increase in the share of global funding provided directly by the hedge fund industry. It's very difficult to quantify this, but GFIA's best estimate is that during 2007, the Asian hedge fund industry's share of capital markets activity, outside exchange-traded transactions, may have doubled.

    One side-effect of this is that the quality of returns of the hedge fund industry may strengthen still further. One manager that provides direct credit to medium-sized Asian companies told GFIA that, while spreads have not widened hugely, the increased number of deals they're seeing allows them to cherry-pick much more than six months ago. In other words, the quality of the credit in their portfolio is strengthening.

    For these reasons, we feel that 2007 will be seen in hindsight as a watershed year for the hedge fund industry globally, and this was very much reflected in the Asian experience.

    However, at the end of 2007, the market environment changed very clearly. One of the larger (USD1.7bn) Asian long/short managers told us that between October and the end of 2007, the average liquidity of its large-cap equity portfolio had roughly halved, having approximately doubled over the preceding 19 months. Investors were on the sidelines, not taking any bets.

    The following week, markets fell violently across most of the world on heavy volume. Volatility has already reached a new high plateau. A long volatility manager with which GFIA is invested made twice as much money in the blip of November 2007 compared with the market disaster that was January, because the absolute price of volatility had already increased so much.

    Central banks are making dramatic interest rate cuts. Predictions are dangerous, but in February it appears clear that we are in a bear environment for most equity markets, that at best the world's developed economies' growth is already slowing, and that some large pockets of the financial sector are already under severe stress that is beginning to leach into parts of the real economy.

    However, this is likely to be a good year for the emerging market hedge fund industry. Why?

    Most of the world's emerging market corporates and consumers are underleveraged, and in fundamentally good shape. In particular in Asia, the memories and lessons of the Asian crisis of 10 years ago are very real, and balance sheets, corporate and personal, are generally conservative. The pain of a US recession will not be disastrous for the majority of the developing world. In relative terms, if not absolute, the emerging world presents a fundamentally much stronger proposition.

    The policy reaction will inevitably create another bubble somewhere, quite possibly, given the growing sense of geopolitical change in the world, in the developing world. It's not impossible that the US dollar will become a cheap funding currency, while the generally strong sovereign balance sheets and prudent policies of much of the emerging world creates an environment for currency stability if not appreciation.

    Volatility, as deleveraging fights liquidity and the appetite for cheap assets fights the fear of further losses, will continue, and volatility is generally good for hedge funds.

    Some of the pain will be felt globally. For example, Asia is already seeing bankers being fired, often as part of a global headcount reduction. But generally the distress will be felt in the more leveraged economies of the US and Europe, and less so in the developed world.

    Emerging capital markets, in the face of major structural economic changes, changing liquidity patterns, and investor uncertainty, are likely to continue to be inefficient, providing a good opportunity set for hedge fund managers.

    Hedge funds are likely to be a key beneficiary of the relative strength of emerging economies. The extreme volatility we've seen will have reminded investors of the attractions of returns two or three times Libor, as an approach to participating in the growth of the 'new' world without taking simple market beta.

    Some of the likely winning strategies include credit, for the reasons described above, and macro, as the changing world creates major currency and interest rate shifts. These have been under-allocated strategies in Asia and therefore capacity remains fairly readily available.

    There remain some headwinds for the Asian hedge fund industry this year. Amid the recent volatility, the dispersion of returns across managers has been high, and 2008 is likely to see a continuation of this, winnowing the wheat from the chaff. GFIA believes that one result will be a high rate of manager attrition, as the entrepreneurs who have entered the industry over the previous two or three years, exit, leaving the universe more concentrated in managers with a genuine investment focus.

    Investor risk aversion is likely to remain high, and while we are certain that the industry will show growth in 2008, investors are likely to look even harder at operational and organisational strength. This will favour managers with existing critical mass, but it will be a hard year for smaller firms without this backbone.

    In the near term, the overall deleveraging of the investment landscape is likely to mean slower flows in at least the first quarter of the year.

    In a bear market, a classic net long equity long/short fund will find it hard to make money. While overall GFIA is excited by the potential for returns in 2008, the source of those returns will be different from sources in 2006 and 2007. Many allocators are substantially weighted in Jones-model equity strategies, and this may constrain their performance.

    Finally, until and unless the Japanese economy wakes up - which is probably a function of the domestic political environment - there is likely to be a continuation of the outflow from Japanese hedge funds in aggregate.

    But overall, we suspect that the Asian hedge fund industry will continue to experience good asset growth this year. On the likely assumption of continued volatility, returns should be good, although perhaps not as good as in 2007. The key variable, we feel, is the flow of liquidity into the region, and this will be a tug-of-war between recession-mitigating global liquidity inflows, and deleveraging and risk aversion on the part of global allocators. On balance, we believe liquidity will win.

    Peter Douglas, CAIA, is principal of GFIA, Asia's oldest hedge fund consultancy, researching Asian and Latin hedge funds on behalf of professional investors, and advisor to the Wittenham Asia Core fund of funds

    reference : http://www.hedgeweek.com

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    welcome to Asian Investor Report


    I will let you know more-how-when to invest in Asian market and overall image by update news what's hot in Asia and about money exchange rate, bond, stock trading, funds and include content about political. If you are interested to invest in Asian or earn money especially in South east Asian.

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