Courtesy of The Financial Times, an interesting report on rise of high net worth individuals in Indonesia in the short term: “…The sight of a bright red Ferrari being delivered in Jakarta is still something that attracts attention. But not for long. The number of high net worth individuals will triple in Indonesia to nearly 100,000 […]
Read more »Via The Financial Times, an interesting look at consumer demographics of Mexico: Who wants to bet on the future of Mexico’s domestic economy? With private-sector economists revising down their 2011 growth forecasts, the number of takers may be starting to dwindle. But Aureos is piling on the chips. This week, the private equity fund management […]
Read more »Via The Globe and Mail, a report that CNPC, the Chinese energy company, is poised to win the first oilfield to be tendered in Afghanistan since the U.S. ousted the Taliban in revenge for sheltering Osama bin Laden a decade ago. As the article notes: “…China’s push into Afghanistan is part of a broader drive […]
Read more »Courtesy of Africa-Asia Confidential, a reporton how Chinese communications projects are encountering legal problems from East Africa down to southern Africa: Uganda may miss the East African Community’s deadline of December 2012 for all member states to switch from analogue to digital television. In early August, Uganda’s communications regulator sounded the alarm, saying that the […]
Read more »Via Celsias, a report that The Organization of Petroleum Exporting Countries, a notoriously conservative organization, has stated that Venezuela now has the world’s largest oil reserves, even exceeding those of OPEC’s top producer, Saudi Arabia. As the article notes: “…Oil production in Venezuela is under the control of the state-owned Petróleos de Venezuela, S.A. company, […]
Read more »Courtesy of The Financial Times, an interesting look at how China’s oil groups are ready for more deals: Sinopec reported a 12 per cent rise in net profit, to Rmb41bn, in the first half of the year, beating analysts’ expectations Solid first-half profits at China’s state-owned oil companies have paved the way for further […]
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