China applies brake on investments

August 21, 2017 by  
Filed under News, North Asia

BEIJING, 21 August 2017: China is to restrict foreign investments in sports clubs, real estate and entertainment and is banning investment in pornography and “unauthorised” military technology.

The new rules were announced, Friday, by the government, which had previously encouraged overseas spending sprees, but then warned late last year of “irrational” acquisitions amid fears that powerful conglomerates were racking up dangerous debt levels.

The announcement came days after British football club Southampton said it had entered into a partnership with Chinese businessman Gao Jisheng, with press reports saying he and his family had paid £200 million ($259.5 million) for an 80% stake. Read more

Chinese investments under scrutiny

July 19, 2017 by  
Filed under News, North Asia

SHANGHAI, 19 July 2017: China plans to squeeze high-flying billionaire Wang Jianlin’s conglomerate Wanda by cutting off new loans and regulatory approvals for deals, reports said Monday, punishing it for breaching Chinese restrictions on overseas investments.

The regulatory retaliation marks a major setback for a formerly fast-expanding company that was among the most aggressive players in a flood of acquisitions around the world by Chinese companies but is now scrambling to slash debt.

Chinese regulators last year began rolling out tough restrictions to stanch the flow of money overseas, warning of “irrational” investments. Read more

Etihad’s Hogan steps down

January 25, 2017 by  
Filed under Aviation, Middle east, News

DUBAI, 25 January 2017: Australian James Hogan is to stand down as head of the Etihad Airways group, the company said Tuesday, as the Abu Dhabi-based carrier struggles with investments in European airlines.

After piloting the state-owned Gulf airline through more than a decade of growth, Hogan will leave his post in the second half of 2017, Etihad Aviation Group said in a statement.

Hogan was the architect of a strategy that saw Etihad buy significant stakes and make major investments in other airlines, notably Air Berlin and the long-struggling Alitalia. Read more

Big shots attend investment conference

October 18, 2016 by  
Filed under Events, News, South Asia

COLOMBO, 18 October 2016: Political and business leaders are lined up for Asia Hotel and Tourism Investment Conference due to be held in Sri Lanka, this November.

The inaugural Asia Hotel and Tourism Investment Conference is set to be one of the region’s most influential gatherings focusing on challenges and opportunities facing the hotel and tourism industries. Read more

Investments pour into Myanmar

April 27, 2015 by  
Filed under Myanmar, News

YANGON, 27 April 2015: Investments of USD360 million in tourism and hotels poured into Myanmar’s economy  according to the Directorate of Investment and Company Administration’s year-end report.

It represented around half of the investments in real estate development that logged USD780 million, but they were relatively small when compared with the USDD3.22 billion investments sunk into the oil and gas industry.

Overall, investments of USD8.01 billion, channelled through 211 companies in 12 industry sectors, were registered in the fiscal year ending 31 March.

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