Send a Message
to Crush Em

Comments

708

Joined

Oct 6, 2012

Crush Em's Favorites

Crush Em Profile

Forums Owned

Recent Posts

Negara Terbaik Untuk Berbisnis: Malaysia Masuk Top 10

continue....(last part) ‘Welcome step’ HSBC and Standard Chartered Plc sold the first Lion City bonds in May 2013. Oil and gas engineering group Swiber Holdings Ltd. raised 450 million yuan from the first Lion City note from a Singapore company earlier this month. The three-year 7.75 per cent debentures were yielding 8.52 per cent on September 22, Bloomberg-compiled prices show. “Since we started promoting offshore yuan bonds out of Singapore, we’ve seen additional interest and queries from Singapore-based investors and issuers,” said Clifford Lee, the head of fixed income at DBS Group Holdings Ltd., the top-ranked arranger of Singapore dollar bonds since 2009. “Singapore is the first offshore clearing center truly outside of China. It’s a welcome step in the development of the renminbi.” Yet it’s still unclear what exactly denotes a Lion City bond. Unlike Swiber and notes sold by Hainan Airlines Co, which were cleared and listed in Singapore, the 3 billion yuan of securities sold by Bank of China Ltd’s Singapore unit are listed on the Singapore Exchange, but not cleared in the city. Tiger Emas Cagamas Chief Executive Chung Chee Leong disagrees various brandings will lead to more bond sales. “I don’t think just because of a name, you’ll have more issuance of this versus another,” he said in an interview in Kuala Lumpur on September 17. “It will really depend on the needs of the individual issuer.” All foreign currencies out of Malaysia are referred to as Emas, meaning gold in English. Tiger was added because the animal is part of Malaysia’s national coat of arms, Chung said. “The renminbi market will be an important one for Malaysia’s Islamic finance industry,” Steve Wang, the head of fixed-income research in Hong Kong at BOCI Securities Ltd, a unit of China’s fourth-largest bank, said in a September 22 phone interview. It will “sharpen their lead in Islamic finance if they can capture the opportunities in the offshore yuan market.” So far only Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, has sold a Dim Sum bond that complies with Islamic law. Those 500 million yuan of 2.9 per cent three-year notes due next month are yielding 4.06 per cent, Royal Bank of Scotland Group Plc prices show, compared with 3.24 per cent at the start of the year. Seoul, Paris Ten-year Chinese government bond yields have fallen 52 basis points since December 31 to 4.03 per cent on September 19. The yuan is Asia’s worst performing currency this year outside of the yen, depreciating 1.4 per cent against the dollar. This quarter- to-date it’s the best performing, up 1 per cent. Outside of Singapore and Malaysia, South Korea has also struck a deal with China, the two nations agreeing on July 3 to make their currencies mutually exchangeable in Seoul. China is South Korea’s biggest export partner and with only 0.3 per cent of trade payments settled in the Chinese currency, the won-yuan market has the potential to grow rapidly, Goldman Sachs Group Inc. said in a report later that month. In Europe too, countries are positioning themselves. The PBOC authorized Bank of China as a yuan clearing bank in Paris earlier this month while U.K. Chancellor of the Exchequer George Osborne said at a press conference in London on September 12 the country plans to be the first government outside China to issue bonds in yuan, after talks with Vice Premier Ma Kai. “Each city wants to exert themselves as a renminbi center but over time, these different names and categories will disappear,” said Raymond Gui, a Hong Kong-based senior portfolio manager at Income Partners Asset Management Ltd., which managed US$1.3 billion as of August. “The greater trend is about the global usage of the renminbi.” — Bloomberg ------------------ ------------------ ------------------ ---------- :-)  (Sep 23, 2014 | post #2507)

Negara Terbaik Untuk Berbisnis: Malaysia Masuk Top 10

persaingan yang amat hebat antara Malaysia dan Singapura dalam menguasai pasaran bond dalam bentuk Yuan China, persaingan antara Financial Centre Asia(Singapore) dan gergasi Islamic Finance(Malaysia) di China sangat hebat.... ------------------ ------------------ ------------------ ------------------ ---------------- Malaysia Tigers Chase Singapore Lions In Yuan Race Tuesday, 23 September 2014 11:40 - Malaysian Digest KUALA LUMPUR: Malaysia and Singapore’s governments, competing for a share of bond issuance in a globalising Chinese yuan, are finding big-cat branding alone isn’t enough to challenge the dominance of Hong Kong. Cagamas Bhd raised 1.5 billion yuan (RM793million) earlier this month in Malaysia’s inaugural offer of Tiger Emas bonds, the first issue in the Chinese currency to be cleared locally. The new securities join Lion City debentures in Singapore and Formosa bonds in Taiwan, which started last year and together comprise about 5 per cent of a market that’s dominated by Hong Kong’s Dim Sum notes, Bloomberg data show. Singapore’s position as a regional private banking hub, and Malaysia’s stronghold as an Islamic finance centre will bring new investors into the offshore yuan bond market. Hong Kong’s advantage lies in its head start in opening up trade and investment in the currency. Yuan deposits in the city are approaching the 1 trillion yuan mark, versus some 254 billion yuan in Singapore as of June. “Hong Kong is still the largest source of foreign direct investment for China and a very large portion of Chinese trade goes to Hong Kong,” Ma Jun, People’s Bank of China’s chief economist, said in an interview in Singapore on September 22. “These are the fundamental factors that will remain to Hong Kong’s advantage but others have their own. For example, Singapore being closer to the Asean economy, which is a major trading partner to China.” Dim Sum sales Banks in Hong Kong handled about 83 per cent of China’s commerce with the world settled in yuan last year, according to a Hong Kong Monetary Authority report published in May. As the world’s largest exporter, the usage of China’s currency in global trade rose to 1.62 trillion yuan last quarter from close to zero in 2010. With free access to China’s capital markets curbed, offshore yuan centres provide options for investors to park their yuan assets. About 343 billion yuan in offshore yuan bonds has been sold this year, almost ten times the amount for the whole of 2010, according to data compiled by Bloomberg. Yields on such notes issued by corporates averaged 4.61 per cent June 19, after touching a more than six-month high in March of 4.97 per cent, Bank of America Merrill Lynch’s Dim Sum Corporate Index shows. ‘Hamburger bonds’ When looking at where offshore yuan notes are issued, what matters is whether there is a withholding tax, what laws govern the bonds and whether the custodian bank can support trade settlements in local clearinghouses, according to Invesco Ltd. “I don’t really like the label ‘Dim Sum bonds’ because this connotes a link to Hong Kong,” said Ken Hu, the Asia- Pacific chief investment officer of fixed income at Invesco, which had US$812 billion under management globally at the end of August. “It’s a bit ridiculous, soon we may have fish and chip bonds, pizza or hamburger bonds.” Singapore is emerging as Asean’s hub for offshore renminbi, receiving more than half of China’s foreign direct investment into the region up until 2010, an HSBC Holdings Plc report said last month. China shares a border with several Asean economies including Vietnam. About 12 per cent of Asean’s exports went to China in 2013, up from 6.5 per cent a decade prior, according to the report. China accounted for more than 16 per cent of the region’s imports last year versus less than 8.5 per cent in 2003.  (Sep 23, 2014 | post #2506)

Bahrain has always been economic, business hub, WIEF chai...

an angry & confused indonesian's is a hungry man....hehehe :-)  (Sep 23, 2014 | post #155)

Bahrain has always been economic, business hub, WIEF chai...

simple post #138 that explains the whole confusion. Even a 'sanitation engineer' understand this....right? :-)  (Sep 22, 2014 | post #152)

Bahrain has always been economic, business hub, WIEF chai...

Indonesian's receiving an official Minister from the illegal Israel state in to their own soil, Indonesian's as a host of that WTO conferences have full rights to reject anyone they desire in the name of protecting their own people's sensitivity & their foreign policy against Israel. What a Total diplomatic disaster, a modern day diplomatic blunder.... :-)  (Sep 22, 2014 | post #151)

Bahrain has always been economic, business hub, WIEF chai...

hehehe, indonesian's & some politically steered Malaysian's confused with "3rd Party transactions" which doesn't involved any country to country trade at all, it's between 3rd party country & Israel.... :-)  (Sep 22, 2014 | post #144)

Bahrain has always been economic, business hub, WIEF chai...

Singapore importing from Malaysia, Singapore Sold & Export it to Israel or somewhere else and making a profit for itself by jacking up the price and etc. That's how Singapore make their billions out of nothing folks, does any indonesian's ever wonder how the hell they become the biggest debtors to a small but filthy rich country as Singapore? now u know how they make money out of thin air.... there you go folks, a simple Export & Import 101 simplified for ya..... :-)  (Sep 22, 2014 | post #138)

Bahrain has always been economic, business hub, WIEF chai...

hehehe, another 3rd party transactions standard procedure.... no country in the world have rights to stop a 3rd party country to export or import anything they wanted to any country they desire. The moment Malaysian products arrived in Singapore or Hong Kong Port, Malaysian products is considered sold to 3rd party country. :-)  (Sep 22, 2014 | post #136)

Bahrain has always been economic, business hub, WIEF chai...

3rd Party sale is beyond control, if Singapore port or Hong Kong port sell Malaysian's product to Israel, that is beyond Malaysian control..... :-)  (Sep 22, 2014 | post #124)

Bahrain has always been economic, business hub, WIEF chai...

Merely political campaign ploy to lure the indonesian protestant christian zionist sympathizers sect or an intent to seal the deal?hmmmm..... ------------------ ------------------ ------------------ ------------------ --- Kalla Wants Embassy in Palestine and to Be ‘Close’ With Israel By SP/Carlos Paath on 09:06 pm Jun 25, 2014 - Jakarta Globe Bandung. If elected on July 9, the administration of Joko Widodo and Jusuf Kalla would open an Indonesian embassy to Palestine in the West Bank city of Ramallah, vice-presidential candidate Kalla said, while also calling for closer ties with Israel. “Insya Allah [God Willing] if we are elected, we will continue to fight for Palestine’s independence. As a first step, we will establish an Indonesian embassy in Ramallah,” Kalla said while visiting Islamic leaders in Banten on Monday. During Sunday’s presidential debate with his opponent Prabowo Subianto, presidential candidate Joko said that he would fully support an independent Palestine if he were elected. Kalla said that he saw Indonesia supporting the Palestinian cause. “Indonesia will be closer and can be more direct in offering help to Palestine if there are problems. The presence of an Indonesian embassy will also strengthen Palestine because Indonesia is the world’s largest Muslim-majority country,” he said in Bandung on Wednesday. The Golkar Party politician said that he had been to Ramallah two times, as well as to Jerusalem. “[My visits] serve to better understand prospects for peace in conflict areas. In order to [make peace], we have to know both [parties]. I know both countries’ authorities,” he said, adding that there are requests to open embassy offices in Palestine as well as in Jerusalem. Indonesia has no diplomatic relations with Israel. Kalla, who played a pivotal role in working out the peace agreement between the Free Aceh Movement (GAM) and the Indonesian government, said that a Joko-led administration would also be committed to help resolve the conflict between Israel and the Palestinians. He said Indonesia must serve as a mediator between the two. “We can’t be a mediator if we don’t know Israel. We must be close with both Israel and Palestine,” said the former vice president. Arab countries, he added, had shown their expectations for Indonesia to play a role in the peace process between Israel and Palestine. “I have started it. I have met with representatives from Islamic countries and they agreed that Indonesia should become a mediator, and this is very likely,” he said. Joko and Kalla will compete against Prabowo and his vice presidential candidate Hatta Rajasa on July 9. The winning ticket will replace President Susilo Bambang Yudhoyono, whose second term will end in October, and Vice President Boediono. ------------------ ------------------ ------------------ -- :-)  (Sep 22, 2014 | post #120)

Negara Terbaik Untuk Berbisnis: Malaysia Masuk Top 10

pelaburan perompak freeport, TNI budak Amerika,siang malam berjaga dari serangan nasionalis indon Papua yang mau menghancurkan perompak harta mereka, malangnya musuh mereka tentera negara mereka sendiri,hihihihi.. ... rompak lah puluhan tahun lagi, yang rugi papua. hihihi... budak british? british pun kesurupan tanah2 nya di depan River of Thames dirompak Malaysian sampai orang local tak mampu bersaing dengan investor Malaysia dan negara2 Asia lain. hihihi jangan lupa maghrib dan isyak ya, dinner juga jangan dilupa, jangan kesurupan saja 24 jam di topix....hihihi, adios amigos. :-)  (Sep 22, 2014 | post #2397)

Negara Terbaik Untuk Berbisnis: Malaysia Masuk Top 10

Indon masih dijajah American di freeport, terimakasih sama TNI yang tak kira malam atau siang menjaga perompak2 American ini. UUD indon sudah dijajah IMF sampai negara kecil kaya macam Singapore pun boleh jadi penghutang besar untuk indon. pemurtad2 British & evangelist2 christian dari seluruh dunia pun selalu kalah kes di Malaysia kalau berkenaan kes murtad dikalangan melayu. Tak sangka negara perang salib macam British boleh tertipu sampai setuju dengan UU anti-murtad dikalangan melayu yang bertentangan sekali dengan agenda pemurtadan barat. hihihi....alhamdul lillah. :-)  (Sep 22, 2014 | post #2393)

Bahrain has always been economic, business hub, WIEF chai...

How's the American day light robbing of PT Freeport nowadays? did any indonesian's join their Papuan brother's to fight your country's own army whom being the guardian of robbers to those American gold digger yet?? go and fight your own army first along with the Papuans to free your country from the American robbers, take back what your country's IMF related tampered constitution to suit their global capitalist & extreme human rights agenda in Indonesia first.... :-)  (Sep 22, 2014 | post #76)

Bahrain has always been economic, business hub, WIEF chai...

prior to my post no#61, let me give you an article about it.....welcome to Indonesia folks. "Jakarta,we have a problem"....h ehehe ------------------ ------------------ --------- Poor Sanitation Impedes Indonesia’s Growth Potential October 28, 2013 - World Bank org Jakarta, October 28, 2013 – Inadequate sanitation services impact Indonesia’s economic growth potential, says the World Bank’s latest report on the country’s urban sanitation. Lack of adequate sanitation costs the country the equivalent of around 2.3 percent of the GDP annually in terms of health and environmental related economic losses, reports the review based on an earlier study done by the World Bank’s Water Sanitation Program (WSP). Indonesia’s impressive economic growth in recent years has not been matched by an increase in urban sanitation services. Less than 5 percent of the sludge collected from septic tanks is properly treated, and only about 1 percent of the wastewater generated by the population is treated, creating health and environmental concerns. Furthermore, around 14 percent of urban dwellers still practice open defecation. “Almost half of Indonesia’s population lives in cities and many more will move to urban areas in coming years. Better wastewater and septage management services are urgently needed, especially for the poor,” says World Bank Country Director for Indonesia, Rodrigo Chaves. “The country would benefit from transformative solutions involving the public and private sectors, as well as increased public awareness of improved hygiene.” Since 2000, the Government of Indonesia has carried out reforms in the water supply and sanitation sector which are showing results. For example, the Urban Sanitation Development Program (PPSP) has assisted hundreds of local governments in preparing city-wide sanitation plans. Recently, Government commitment to improvements has been reflected in significantly increased funding for sanitation services, which has helped to finance about 1,700 decentralized wastewater systems and there are plans to construct many more of such systems. The Government is also planning to construct centralized sewerage systems in large urban areas which will help to collect and treat wastewater in an environmentally safe manner. “Quality urban sanitation services support the economic growth of cities, reduce health risks, and protect the environment,” says Sudipto Sarkar, World Bank Water Sector Practice Leader for the East Asia and Pacific region. “Comprehensive and cost-effective measures are needed to improve sanitation, in order to achieve a better quality of life for the population, including the poor.” The Indonesia urban sanitation review is part of the World Bank’s forthcoming East Asia and Pacific Urban Sanitation Review, which focuses on three emerging middle-income nations in the region: Indonesia, the Philippines and Vietnam. The regional and country reviews provide a framework for improvements in sanitation. ------------------ ------------------ ------------------ ------------ :-)  (Sep 22, 2014 | post #74)