FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Blossom March
by celtic tiger Today at 4:48 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Susil Mendis Today at 4:11 pm

» Good time to collect fundamentally sound shares
by celtic tiger Today at 4:04 pm

» TILE / LWL / RCL
by geesura Today at 4:02 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by subash81 Today at 2:15 pm

» RICH or TKYO
by subash81 Today at 2:14 pm

» Inefficiency
by stockchaser Today at 1:25 pm

» Sometimes you might find that you have lost all your money in the market by investing in the non profitable stocks in the market.
by pjrngroup Today at 10:58 am

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Wickyz Today at 10:54 am

» ACL post share split trading and the future potential
by Wickyz Today at 10:47 am

» GLAS will be winner with Super Gain.
by Promoney Today at 9:54 am

» NATIONS TRUST BANK PLC (NTB.N0000)
by Eranx Today at 8:00 am

» Daily Foreign Transactions
by Pradeep90 Yesterday at 10:11 pm

» DIPD/HAYC/HAYL
by Chathur Yesterday at 9:44 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by arun.cse Yesterday at 1:14 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Rational Investor Yesterday at 11:58 am

» Opportunities after CSE drop
by EquityChamp Yesterday at 11:36 am

» Amana Bank's total assets cross Rs100 bilion with Rs 1billion operating profit
by samaritan Yesterday at 11:25 am

» Pakistan keen to invest in port city: Cabraal
by samaritan Yesterday at 11:16 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by samaritan Yesterday at 11:02 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » As China slows, opportunities still exist on Asia's frontiers

As China slows, opportunities still exist on Asia's frontiers

Go down  Message [Page 1 of 1]

VALUEPICK

VALUEPICK
Expert
Expert
http://www.nationmultimedia.com/opinion/As-China-slows-opportunities-still-exist-on-Asias--30256135.html

The news from this year's annual session of the National People's Congress, China's Parliament, was not exactly what the world has come to expect. Indeed, headlines that might have once focused on China's rise centred instead on a "new normal" of slower economic growth - down to about 7 per cent. The decision to ban a Chinese documentary on pollution called "Under the Dome", which had gone viral attracting tens of millions of online Chinese viewers, also underscored mounting concerns among China's citizens about persistently polluted air and water.

Indeed, is the Golden Age of investment in China over as the nation confronts the consequences of once unbridled growth?

As the world's No 2 economy continues to slow, even international businesses once enamoured of China's more than a billion consumers are rethinking the market. Most recently, Microsoft's mobile phone division - acquired from Nokia - announced the closure of production facilities in Beijing, as well as in Dongguan, in southern China, eliminating roughly 9,000 jobs. Some of that employment and investment will move to Vietnam. Japan's Citizen Holdings closed a watch factory in February in China's Guangdong province, and Panasonic has announced that it will cease LCD television production in China.

As questions are also raised over whether China is unfairly targeting foreign companies in a bid to protect its own state-owned enterprises, businesses may well find it is time to refocus on new opportunities for growth and returns beyond China. On Asia's frontiers, whether Mongolia to the North, Sri Lanka further southwest or in the heart of Southeast Asia, there are returns to be made.

Whether in energy-rich Timor-Leste, or re-emerging Myanmar (Burma), however, investors must beware and be wary of economic and geopolitical risks. The findings of the World Bank "2015 Doing Business" survey make clear, for example, that not all is well in many parts of the Asia and Pacific region, including Southeast Asia, despite much of the region's overall solid growth rates.

While Singapore continues to rank No 1 in the world for ease of doing business, many so-called frontier economies continue to be characterised by pervasive corruption and weak governance and rule of law. Such developing markets also often lack the regulatory and financial institutions found in other more economically developed destinations in the region such as Malaysia and Thailand.

Yet, signs, literally, that opportunity exists even on Asia's frontiers are easy to find. In Cambodia, for example, billboards from multinational businesses and brands dominate streetscapes. Ford and Coca-Cola are just two of the consumer brands that US first lady Michelle Obama is likely to notice during her upcoming, March 18-22, visit to Japan and Cambodia as part of a trip focused on girls education. Overall, according to the US-Asean Business Council, US investment in Southeast Asia surpasses that in Brazil, Russia, India and China - the much touted BRIC nations - combined.

Six best practices

So, how does one conduct business in countries lacking in rule of law and transparency? As Southeast Asia in particular moves toward greater cooperation via the Asean Economic Community, investors are looking forward to the promise of greater opportunities and returns. Yet, under the AEC umbrella will be a diversity of countries, from a resurgent Philippines to the tiny sultanate of Brunei, each with its own unique challenges and rewards.

As we have shared in media, including the Straits Times of Singapore, and discussed in forums across the region, there are lessons to be learned. Here are six best practices gleamed from business professionals who have found success in some of Southeast Asia's frontier markets.

l First, be realistic about your timeline for success. International brands have succeeded in part by taking a longer-term view of networking and of developing relationships with local partners.

Granted, relationships are important in every country, but this can be particularly true in many parts of Asia. As with marriage, trust needs to be built over time before a commitment is agreed to, and just as in a marriage, the hard work begins when the signing ceremony ends.

l Second, leverage local talent. This can include local nationals who work with locally based business organisations such as chambers of commerce. They, and other organisations, as well as law, accounting and consulting firms with local expertise, can help with introductions and provide valuable insight into the nuances of the local business environment.

l Third, recognise you are not alone. There is strength in numbers. Businesses that have done well in nations where corruption is endemic have often partnered in efforts to change the environment in their favour by together refusing to take part in illegal business practices.

l Fourth, educate your local partners of the consequences in violating anti-graft laws. Local business partners may be unaware that foreign laws, such as the United States' Foreign Corrupt Practices Act or the United Kingdom's Bribery Act, apply to multinationals outside their own country. Local partners may well assume that because you are doing business in their country you are not required to abide by the laws back home.

l Fifth, understand and address the challenges of corruption's close cousin: cronyism. Many businesses entering Asia's frontier economies seek to do so in partnership with the family and friends of the political elite. Companies that follow this approach must be aware of both the benefits and the potential for extreme downside. The power imbalance in the relationship, along with deficiencies in the regulatory environment, can make it difficult to fairly resolve any disagreement should the partnership go bad.

l Finally and most importantly, don't hesitate to walk away from a deal. Or, as in the case of Nokia in China today, to shift and to adjust as one market opportunity closes and another opens.

Curtis S Chin served as US ambassador to the Asian Development Bank (2007-2010) and is a managing director with advisory firm RiverPeak Group, LLC.

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Very Happy Very Happy Very Happy

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Very Happy Very Happy Very Happy

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum