Hyundai Makes Rs400 Crore Investment In New Indian DieselEngine Plant

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HyundaiHyundai Motors has operated successfully in India and has solidified its operating procedures there over the past several years. During the next three years Hyundai will build a new diesel engine factory costing Rs400 crore. Recent feasibility research showed this to be an appropriate investment according to the CEO. Three different sized engines will be produced.

The new factory should be opened in 2013 or 2014. It will produce diesel engines for the Indian market. These engines will be in three sizes: 1.1 liters, 1.4 lit, and 1.6 lit. Hyundai’s Sales and Marketing Director said that this year Hyundai had to use all of its production to satisfy growing local demand. In previous years, Hyundai’s Indian division was able to produce enough cars for both the Indian and foreign markets.

J.P. Morgan was Awarded Hong Kong’s Best Foreign Investment Bank

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The Asset Triple A Award for Hong Kong’s Best Foreign Investment Bank was awarded to J. P. Morgan for the sixth consecutive year. J. P. Morgan exhibited has consistently displayed leadership through a wide variety of products. It is a major adviser to a big portfolio of blue chip clients in the Hong Kong area. They also have an ongoing repeat business.

Through the listing by introduction of Fortune Reit in 2010, J.P. Morgan instituted Hong Kong’s first bridging dealer mechanism. This mechanism allows the Hong Kong Exchange and Clearing to use introduction to approve listings.

Sompo Japan to ally with Bank of Shanghai

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SompoThe Bank of Shanghai will create a sales partnership with Sompo Japan Insurance Inc. the deal may be publicized on Monday.

The Chinese division of Sompo Japan will begin marketing policies to business clients through the Bank of Shanghai in early 2011.

The Bank of Shanghai will acquire insurance experience form its Japanese counterparts. Meanwhile, the Japanese company will increase profits through expanding into the rapidly growing Chinese market.

Japanese traders increase investments in Chinese start-ups

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Japan’s large trading companies, seeing the excellent returns from the growth of Chinese start-ups, are channeling more of their investments into these start-ups.

Mitsui & Co purchased 12.2 percent of Hutchison MediPharma Ltd, a division of Hutchison China MediTech Ltd. Mitsui sent a representative to sit on the board in China.

In order to raise the Hutchison’s corporate value, Mitsui plans to make an alliance with a Japanese pharmaceutical company.
Mitsui expects to invest approximately 3 billion yen a year in Chinese start-ups that show good potential.
Mitsui hopes to double its investment, up to 15 to 20 billion yen, in the next three years.

An anonymous Mitsui official explained that “In general, corporate value increases by 100-200 percent when a business goes public,” In addition, “It can be as high as 400-500 percent if it is a long-term investment.”

Banks Dumping Japanese Government Bonds

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YenAs demand for loans dropped in Japan, Japanese banks bought record amounts of government debt. Now they are selling the bonds for the first time this year as prices are in free fall.

Lenders cut Japanese government debt holdings to 142.2 trillion yen ($1.7 trillion) as of Oct. 31 from a record high of143.2 trillion yen a month before, according to the Bank of Japan. The banks bought bonds in each of the previous nine months as outstanding loans fell 2.1 percent to 391.9 trillion yen, the lowest since May 2008. Government bonds lost 1.5 percent since Sept. 30, set for the worst quarter in the last seven years, indexes compiled by Bank of America Merrill Lynch show.

Slowdown In Growth Expected In Thailand

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After the Thai economy’s impressive performance this year, which is forecast to have expanded by between 7 and 7.5 percent, next year is forecast to be much more difficult.

According to many research houses Thailand’s economic growth next year id forecast to be about 4 to 5 percent. This is largely due to a reduction in exports resulting from a debt hangover in Europe and the weakening recovery in America.

The Thailand government hopes that investment and domestic consumption will make up for the export deceleration. It plans budget deficits for the current fiscal year ending in September 2011, and the next fiscal year.

UKI Receives Largescale Acceptance of Anti-Counterfeit Solutions

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/UKIUKI Systems has achieved quick acceptance for its recently released InspectaScanTM authentication device, said UKI Group CEO, Mr Anthony Dunlop. This accelerates the penetration of its Product Authentication and Anti-Counterfeiting solution in some of its markets. InspectaScanTM is the start of a new group of UKI anti-counterfeit scanning devices.

“Our recent success stems in large part from our alignment with vertical sectors such security printing and product manufacturing and packaging, to reach industries such as food, pharmaceuticals, tobacco and alcohol,” said Anthony Dunlop. “We are particularly glad to see adoption coming from Asia, which continues to build on its status as manufacturer to the world.”

China Plans 15 billion Dollar Investment Over Five Years To Develop Farmland

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China-grainAccording to the Chinese Ministry of Land and Resources, MOLAR, the Chinese government intends to spend more than 15 billion U.S. dollars over the next five years to develop farmland for the nation’s food security.

The plan is to improve about 4 million hectares of land and replenish an additional 670,000 hectares of arable land in its major grain producing regions. These are Hebei, Jilin, Heilongjiang, Jiangsu, Anhui, Jiangxi, Shandong, Hubei provinces and Inner Mongolia and Guangxi autonomous regions.

If all goes well, the grain production capacity will be increased by an extra 10 million tons every year.

Thakral Sets New Strategy For Real Estate Business

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Thakral Corporation will partner as a financial investor with with developers to implement its new strategy for its real estate business.
In its filing with the Singapore Exchange, the company wrote that as a capital investor, it seeks to invest in affordable mid-sized residential developments located in cities in Asia Pacific and Australia.

Thakral indicated that its new strategy will generate a second revenue stream for the company.

The firm is seeking returns of 15 to 25 per cent, with an exit strategy in 12 to 36 months.

Mr Singh said, “We will receive our returns and capital when the projects are completed and all units already pre-sold to buyers are settled.”

Thakral already owns commercial and residential property holdings in Hong Kong and China.

In addition to real estate, Thakral also distributes consumer electronic products in Singapore, India, China and Japan.

South Korea’s GS Global Will Invest $5 Million in Steel Strips

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South Korea’s GS Global Corp intends to invest USD 5 million in India’s Steel Strips Wheels. According to a top official at Steel Strips, This investment comes within a month of the Indian firm selling some of its stake to Japan’s Sumitomo Metal Industries.

Steel Strips makes wheel rims for auto makers. According to Managing Director Dheeraj Garg, it plans to use the funds to expand capacity at its Jamshedpur plant in Jharkhand. The deal will be signed on December 15. Dheeraj Garg said that “We will be expanding our project at Jamshedpur from 1 million units to 1.6 million.”