PROPERTY MARKET PREDICTIONS
|
|
- Jessie Johnson
- 5 years ago
- Views:
Transcription
1 2019 PROPERTY MARKET PREDICTIONS
2 INSURANCE INDUSTRY TO BUOY LEASING DEMAND With years in the making, foreign insurance providers will finally be given the green light to conduct business in Myanmar. This recent development is set to boost demand for quality office spaces. One of the investment vehicles for insurers is property, especially office buildings, as they can invest in more illiquid assets. It is likely that the main offices of most of these companies will remain focused on Downtown as these remains to be Yangon s key business district. Foreign firms are most likely to choose Grade A or Grade B quality office space which will be for mostly managerial, underwriting and administration staff.
3 RETAIL-TAINMENT TO FLOURISH The shift in consumer preferences towards modern and experiential retail developments, on the back of the improving spending capacity of the population, will potentially drive both developers and operators to rethink their projects and start differentiating their offerings with more emphasis on experience and convenience. Streamlined offerings will likely be introduced going forward, along with the lines of lifestyle-oriented hubs, regional shopping centres, and destination malls. Developers are advised to push for a well-curated tenancy mix. Adding more distinctive tenants (e.g. food halls, amusement parks, movie theaters, arcades, bowling alleys, event gathering spaces, etc.) to shopping centers is a direct response within the industry to accommodate the changing shopping behaviors and new preferences.
4 THE RISE OF DIGITAL COMMERCE The emerging e-commerce sector will play a crucial role to driving the country s retail industry in the coming years. In fact, one of the biggest contributors to the country s internet economy is retail e-commerce. The improvement in internet infrastructures and proliferation of digital mediums will strongly expand its influence to businesses, especially small to medium-scale enterprises. While the role of malls and physical stores will remain crucial, the number of buyers resorting to online purchases is predicted to exponentially grow in 2019 onwards given that mobile penetration rate is nearing to 100% with smartphone penetration above 85%.
5 PREFERENCE FOR MID-TIER SERVICED APARTMENTS TO PERSIST Companies are expected to remain vigilant on managing operational costs, which will continue to put downward pressure on housing budgets of expatriates in Myanmar. With global mobility remaining a key strategic initiative with MNCs, demand for short-term housing is expected to grow. The changing business climate in the country will continue to lead to tenants trading down to the mid-range of the market. These secular trends will steer demand towards smaller suites typically found in standard and boutique serviced apartment schemes.
6 RECORD BREAKING TOURIST ARRIVAL NUMBERS FROM ASIA Foreign arrivals will continue to rise given the sustained interest from Thai, Chinese, and South Korean nationals as well as the rising arrivals from Myanmar's emerging tourist markets such as Malaysia and India. We forecast Asian tourist arrivals to spike in 2019, especially as more Chinese and Japanese businessmen travel and invest in Myanmar. Further improvements in accessibility to Yangon should facilitate the entry of foreign businesses, further boost business hotel performance, and eventually stir MICE demand.
7 GOVERNMENT REVISITS CAR PARKING REGULATIONS TO MORE REASONABLE RATIOS There remains a widely untapped demand for low and midtier segments. But because of the requirement for condominium projects to provide 1.2 parking spaces per unit, developers are forced to build larger units. This key barrier will likely be modified in 2019 as the government realizes that improvements in the regulation allowing smaller unit offerings could potentially help address affordability. This aspect will be vital in addressing the needs of middle-income buyers and renters, who will likely become the mainstay in the coming years.
8 THE EMERGENCE OF LOW & MID-TIER RESIDENCES In 2019, more developers will start expanding their mass market as they plan to introduce more low-cost residences. Lower-tier but modern apartments and condominiums are likely to witness better sales performance. Buyers are likely to gain more confidence towards basic but modern developments, smaller in size and priced more reasonably. Favourable mortgage and deposit arrangements will change the residential market, which traditionally has been out of reach for majority, especially middle-income earners.
9 DEMAND FOR CREDIT TO GROW STRONGER In the coming years, the demand for credit will remain strong, and banks could deliver more diversified products to serve their customers. The introduction of term loans helps the banking sector to play a more important role in channeling savings to longer-term loan demand from the various sectors, especially real estate. On the retail banking side, while diversification is still at a very early stage, more banks are likely to start offering mortgage loans with flexible payment terms (e.g. downpayment stretched up to 25 years) to finance affordable residential projects, which could potentially be a fast-growing market in 2019 onwards.
10 MANUFACTURING SECTOR TO BOLSTER DEMAND FOR INDUSTRIAL SPACE the continuous surge of manufacturing investments in the country should propel the demand for industrial space and standard factory buildings in Manufacturing companies will likely put up facilities in industrial parks such as Thilawa SEZ as these locations are near key air and road infrastructure projects that substantially bring down the cost of doing business and serve as catchment areas for skilled manpower and a continuously rising consumer base for manufactured products. However, high industrial rates and lack of quality facilities could potentially continue to pose challenges. On the other hand, this could provide opportunities for developers to offer build-to-suit solutions
11 MANDALAY CITY AS A KEY PROPERTY INVESTMENT DESTINATION In terms of industrial production, most of the manufacturers in Mandalay are involved in agro/food processing, machinery and the production of a limited range of consumer goods. Given the potential to further develop Mandalay s trading and logistics sector, more companies will likely engage in light manufacturing. Looking ahead, the construction of the BCIM economic corridor, which will comprise not just roads and power lines, but also industrial cities along the way, will most likely create ample opportunities for developers, investors, and overseas service providers with technical and expert knowledge in areas such as infrastructure construction, urban planning, and project management to enter the market. This will facilitate knowledge sharing and technological transfer through partnerships between local and international companies, and will help to enhance the overall trading, logistics, and real estate capabilities of Mandalay in 2019 onwards.
12 WAVES OF ECONOMIC REFORMS AND SECTORIAL LEGISLATIONS While progress has been made, much remains to be done in this area, with 2019 likely to see further legislative efforts. In 2019, a surge in real estate investments is likely as venture capitalists take advantage of opportunities that will arise from further enforcement and legislation of government policies such as the regulations under Condominium Law 2016 and Condominium Rules 2017; the relaxation of foreign ownership restrictions on retail and construction; increased leniency in visa requirements for several of Myanmar s major trading partners; bylaws setting out rules and regulations for global and domestic tour operators, hotels, guest houses, and regional tour guides; and amendments to the existing procurement law and business registration systems which should entice more developers to take part in the government s ambitious infrastructure development programmes.
13 FOR MORE INFORMATION REGARDING THIS PRESENTATION: KARLO POBRE Deputy Managing Director TEL +95 (0) JOSHUA DE LAS ALAS Advisory Manager Research and Advisory Services TEL +95 (0) COPYRIGHT 2019 COLLIERS INTERNATIONAL. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
OCCUPANCY RATE INCHED UP HOWEVER SLACK IN NET DEMAND
Paul Ryan Cuevas Analyst Research & Advisory Myanmar +95 (0) 9 762 276 685 paulryan.cuevas@colliers.com OCCUPANCY RATE INCHED UP HOWEVER SLACK IN NET DEMAND Summary & Recommendations Given the absence
More informationFOREIGN DIRECT INVESTMENT AND ECONOMIC TRANSFORMATION IN MYANMAR THE ROLE OF THE GARMENT SECTOR
FOREIGN DIRECT INVESTMENT AND ECONOMIC TRANSFORMATION IN MYANMAR THE ROLE OF THE GARMENT SECTOR Event report Linda Calabrese April 2017 INTRODUCTION On 14 March 2017, the Overseas Development Institute
More informationSMART M AU R I TI U S. Live. Invest. Work. Play
SMART M AU R I TI U S Live. Invest. Work. Play The Smart City Scheme is an ambitious economic development programme aimed at consolidating the Mauritian International Business and Financial Hub by creating
More informationThe Company s management is pleased to provide a discussion and analysis of the interim results below:
INTERIM RESULTS MANAGEMENT DISCUSSION & ANALYSIS The Board of Directors of First Myanmar Investment Co., Ltd. (the Company, and with its subsidiaries, the Group ) refers to the Company s unaudited interim
More informationMyanmar Thilawa SEZ Holdings Public Ltd. (MTSH)
Summary Myanmar Thilawa SEZ Holdings Public Ltd. (MTSH) Myanmar Thilawa SEZ Holdings Public, Ltd. (MTSH) is the private sector shareholder on the Myanmar side of Myanmar Japan Thilawa Development Ltd.
More informationHKMC s Model in Enhancing Risk Management
Hong Kong Showcase on Islamic Finance HKMC s Model in Enhancing Risk Management James H. Lau Jr. Chief Executive Officer The Hong Kong Mortgage Corporation Limited Outline of Presentation I. Strategic
More informationValue Creation Section
Value Creation Section Domestic Business Value Proposition Enrich the daily lives of our customers by providing financial products and services attuned to life stages and lifestyles. Financial Needs Main
More informationSada Reddy: Economic contribution of tourism the way forward
Sada Reddy: Economic contribution of tourism the way forward Speech by Mr Sada Reddy, Governor of the Reserve Bank of Fiji, at the Fiji Tourism Forum 2010, Suva, 20 August 2010. * * * The Attorney-General
More informationTAKING ADVANTAGE OF TRENDS IN THE INDUSTRIAL SECTOR
URB Investments Limited ABN: 89 615 320 262 Quarterly report TAKING ADVANTAGE OF TRENDS IN THE INDUSTRIAL SECTOR This Quarterly Report focuses on themes positively impacting Australia s industrial sector
More informationThe Mark of Your Achievement
The Mark of Your Achievement Maybank Visa Signature Welcome to the card that steps up your lifestyle to the next level. Set yourself apart from the rest by changing the game with Visa Signature, Indulge
More informationCondo take-up hits record high
Units (in '000s) 36.9 35.3 32.6 34.8 33.3 42.6 39.6 42.5 51.6 53.6 52.6 59.5 Colliers Quarterly MANILA RESIDENTIAL 4Q 2017 8 February 2018 Condo take-up hits record high Dinbo Macaranas Senior Research
More informationBEIJING MARKET OUTLOOK 2019 Healthy demand across all sectors
Emily Cao Head Research North China Emily.Cao@colliers.com Zhibin Yao Senior Analyst Research North China Zhibin.Yao@colliers.com BEIJING MARKET OUTLOOK 2019 Healthy demand across all sectors Xi Chen Senior
More informationSegmental reviews. Transaction Advisory
The Savills Group advises on commercial, rural, residential and leisure property. We also provide corporate finance advice, investment management and a range of property related financial services. Operations
More informationDubai Real Estate Predictions 2016
Real Estate Dubai Real Estate Predictions 2016 Following two years of significant capital and rental growth across much of Dubai s real estate market, 2015 marked a slowdown and a return to more stable
More informationOECD Investment Policy Review of Myanmar
OECD Investment Policy Review of Myanmar OECD Investment Committee 15 October 2013 Aung Naing Oo Director General, DICA Ministry of National Planning and Economic Development Outline 1 A backward glance
More informationLOGISTICS LIFTS INDUSTRY Logistics offsets manufacturing decline
COLLIERS QUARTERLY INDUSTRIAL MANILA RESEARCH Q4 2018 6 FEBRUARY 2019 Joey Roi Bondoc Manager Research Philippines +632 858 9057 Joey.Bondoc@colliers.com LOGISTICS LIFTS INDUSTRY Logistics offsets manufacturing
More informationBanking NOVEMBER For updated information, please visit
Banking NOVEMBER 1 Contents Advantage India Market overview and trends Growth drivers Success stories: HDFC, Axis Bank Opportunities Useful information 2 Banking NOVEMBER Advantage India Growing demand
More informationPLAN OF MEASURES TO DRIVE GROWTH, COMPETITIVENESS AND EFFICIENCY
PLAN OF MEASURES TO DRIVE GROWTH, COMPETITIVENESS AND EFFICIENCY 6 June, 2014 The National Reform Programme 2014 reflects the intense reforming activity of the last two years, which has led to the Spanish
More informationSt Andrews Investment Society
St Andrews Investment Society PROVEN GROWTH STRATEGY WITH FAVOURABLE MACRO ENVIRONMENT AND SOLID MARKET POSITION. Investment Rationale Solid, sustained market position and bargaining power in the mall
More informationSummary of Financial Statements for the Second Quarter of the Fiscal Year 2016 [Japan GAAP]
Summary of Financial Statements for the Second Quarter of the Fiscal Year 2016 [Japan GAAP] November 13, 2015 Listed company name SEIKOH GIKEN Co., Ltd. Listed market: JASDAQ Code number 6834 URL http://www.seikoh-giken.co.jp
More informationNo. 43/2018 Monetary Policy Report, June 2018 Mr. Jaturong Jantarangs, Assistant Governor of the Bank of Thailand (BOT) and Secretary of the Monetary
No. 43/2018 Monetary Policy Report, June 2018 Mr. Jaturong Jantarangs, Assistant Governor of the Bank of Thailand (BOT) and Secretary of the Monetary Policy Committee (MPC), released the June 2018 issue
More informationIndividual banking. Business Review. 03 Corporate Profile. 02 Management Report. 04 Management Discussion and Analysis. 01 Financial Highlights
01 Financial Highlights 02 Management Report Business Review 04 128 PT Bank Central Asia Tbk 03 Corporate Profile 04 Management Discussion and Analysis Business Support Individual banking 2016 Annual Report
More informationCOST-OF-LIVING INFORMATION SERVICES
HEALTH WEALTH CAREER COST-OF-LIVING INFORMATION SERVICES THE KEY TO DESIGNING ACCURATE EXPATRIATE COMPENSATION PACKAGES IF YOU HELP MANAGE YOUR COMPANY S EXPATRIATE PROGRAMME, ASK YOURSELF: Just how cost-effective
More informationUK-Ghana Investment Forum 2010 Enhancing Economic Growth through Competitiveness, Diversification & Infrastructure Development
UK-Ghana Investment Forum 2010 Enhancing Economic Growth through Competitiveness, Diversification & Infrastructure Development Drapers Hall, London 8th July 2010 Outline Overview of Standard Bank Group
More informationECONOMIC PROSPECTS FOR HONG KONG IN Win Lin Chou, ACE Centre for Business and Economic Research, Hong Kong
ECONOMIC PROSPECTS FOR HONG KONG IN 2016-17 Win Lin Chou, ACE Centre for Business and Economic Research, Hong Kong I. The Current Trends Real gross domestic product (GDP) in Hong Kong increased 1.7 percent
More information2017 Mid-Year Commercial Real Estate Outlook for Asia Pacific
2017 Mid-Year Commercial Real Estate Outlook for Asia Pacific REAL ASSETS REAL ESTATE INVESTING TEAM INVESTMENT INSIGHT 2017 The global macroeconomic landscape continues its shift away from highly accommodative
More informationMyanmar Global Leaders Programme 2018 THE FUTURE OF FINANCE FOR MYANMAR S UNBANKED. Executive Summary
Myanmar Global Leaders Programme 2018 THE FUTURE OF FINANCE FOR MYANMAR S UNBANKED Executive Summary FINANCIAL INCLUSION An estimated 2 billion adults worldwide do not have a basic financial account.
More informationDuty free s Star rises in Indonesia
May 2007 INTERVIEW John Halim Duty free s Star rises in Indonesia After a decade of stagnation, investors are returning to Indonesia spelling good news for duty free retailers such as Fortune Star Duty
More informationAUDITED FINANCIAL STATEMENTS, ANNUAL REPORT AND MANAGEMENT DISCUSSION & ANALYSIS
AUDITED FINANCIAL STATEMENTS, ANNUAL REPORT AND MANAGEMENT DISCUSSION & ANALYSIS The Board of Directors of First Myanmar Investment Co., Ltd. (the Company, and with its subsidiaries, the Group ) wishes
More informationBTMU ASEAN TOPICS. YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE 23 JANUARY 2018
BTMU ASEAN TOPICS YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE yuma_tsuchiya@sg.mufg.jp 23 JANUARY 218 (ORIGINAL JAPANESE VERSION RELEASED ON 28 DECEMBER 217) The Bank of Tokyo-Mitsubishi UFJ, Ltd.
More informationUOB is rated among the world s top banks: Aa1 by Moody s and AA- by Standard and Poor s and Fitch Ratings respectively.
UOB, your partner in Asia United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and
More informationICICI Group: Performance & Strategy. November 2015
ICICI Group: Performance & Strategy November 2015 Certain statements in these slides are forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty
More informationTakashimaya Company, Limited Takashimaya Reports Earnings for the Year Ended February 28, 2018
Takashimaya Company, Limited Takashimaya Reports Earnings for the Year Ended February 28, 2018 Tokyo, Japan April 9, 2018 Takashimaya Company, Limited (TSE Security Code 8233) announced consolidated operating
More informationHeading 01 starts here: Heading 02 starts here (if any): Body text starts here: Heading 03 NO Internal Margins White skyline graphic on COVER PAGE:
Bangkok C O N T E N T S Executive Summary 5 Economic Outlook 6 Residential Sector 9 Office Sector 12 Retail Sector 16 Industrial Sector 19 Capital Markets 22 Opportunities and Risks 25 INFOGRAPHICS PAGE
More informationAldermore Group PLC. Investor presentation. Full Year Results 2015
Aldermore Group PLC Investor presentation Full Year Results 2015 A year on from IPO. 1 Delivered another excellent set of financial results 2 Generating attractive and sustainable returns 3 Strong balance
More informationPROPERTY INSIGHTS. Market Overview. TMT sector emerges as a new driver of office market. Citigold. Hong Kong Quarter 3, 2013
PROPERTY INSIGHTS Hong Kong Quarter 3, 2013 Citigold TMT sector emerges as a new driver of office market Market Overview In Q3, leasing demand for office softened, and Figure 1 overall net absorption within
More informationChinese Economy. YU Jianwei Commercial Counsellor Chinese Consulate General in Toronto
Chinese Economy YU Jianwei Commercial Counsellor Chinese Consulate General in Toronto Chinese Economy Slowing down or Picking up Growth 7.7% (first 3 months) 7.5% in April-June Slowest in 13 years Economic
More informationJardine Matheson Group Profile 2016
Jardine Matheson Group Profile 2016 Jardine Matheson Holdings Limited 2015 Financial Highlights * US$ 65,271m US$ 3,526m US$ 45,781m US$ 6,540m Gross revenue Underlying profit before tax # Total equity
More informationThe Retire In Thailand Handbook. 1st edition Text by Gerald Hogg. eisbn Print ISBN
Copyright The Retire In Thailand Handbook 1st edition 2017 Text by Gerald Hogg eisbn 978-1-64153-061-3 Print ISBN 978-1-64153-062-0 Published by www.booksmango.com E-mail: info@booksmango.com Text & cover
More informationBrokerage and Capital Markets
Brokerage and Capital Markets The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting this region s
More informationNyeri Real Estate Investment Opportunity, & Cytonn Weekly #03/2018
Nyeri Real Estate Investment Opportunity, & Cytonn Weekly #03/2018 Real Estate During the week, the government announced several additional initiatives aimed at enabling access to ownership of housing
More informationLetting market average Continued upswing in investment market
Frankfurt Office letting and investment 2013/2014 MARKET REPORT Letting market average Continued upswing in investment market Dr. TOBIAS DICHTL Research Analyst Take-up of office space (in 1,000 m²) >
More informationOpening Feature. Sojitz s Position. Sojitz Market Capitalization billion 1 ROA 3 (%)
Opening Feature Succeeding by rapidly of revenue-generating Since its establishment, Sojitz has overcome changes in the external environment one by one, notably the restructuring of its finances after
More informationQuarterly Economic Monitor
Overview of Quarterly Economic Monitor December 214 Queenstown s economy boomed during 214, with ' provisional estimate of GDP showing that the Queenstown-Lakes District economy grew by 4.5% over the year
More informationSBF ASEAN OUTLOOK SURVEY
SBF ASEAN OUTLOOK SURVEY 2018 2017 Commissioned by: SUMMARY REPORT Index Pages Foreword SBF ASEAN Outlook Survey 2017/2018 Companies Expect Positive ASEAN Business Outlook Driven By High Growth Potential
More informationThe Outlook for Asian & Australian Economies
The Outlook for Asian & Australian Economies Stable growth to continue led by domestic demand, impact of US-China trade conflict will bear watching AKI FUKUCHI, YOKO HAGIWARA, SHOHEI TAKASE ECONOMIC RESEARCH
More informationPROPERTY INSIGHTS. Market Overview. Finance sector active once again in Central. Citigold. Hong Kong Quarter 1, 2014
PROPERTY INSIGHTS Hong Kong Quarter 1, 2014 Citigold Finance sector active once again in Central Market Overview The finance sector was very active in Central and continued to be the most active demand
More informationInvestment in Myanmar Tax updates. 16 August 2017
Investment in Myanmar Tax updates 16 August 2017 Agenda Overview of foreign investment in Myanmar Taxation system in Myanmar Investment incentives Hot topics and recent updates Other considerations Page
More informationTiong Seng Holdings Limited
Tiong Seng Holdings Limited Annual General Meeting 28 April 2014 Disclaimer Certain statements in this presentation constitute forward looking statements. All statements other than statements of historical
More informationIntroduction Q Hospitality Platforms Real Estate Investment Asset Management & Advisory Services. New York Sydney Singapore
New York Sydney Singapore Hospitality Platforms Real Estate Investment Asset Management & Advisory Services Introduction Q2 2017 New York Sydney Singapore www.apaceurocp.com Strategic Partner smatsgroup
More informationExecutive Talk M&A to boost Vietnam-Japan strategic partnership
Page 1 of 9 13:42 (GMT +7) - Thursday The Guide Golden Dragon Awards The Guide Awards Home Vietnam Today Business Banking & Finance Property Executive Talk Biz Traveler Society Executive Talk S M&A to
More information2017 Results Announcement
2017 Results Announcement Beijing/Hong Kong March 28, 2018 Disclaimer This information was prepared by the China Construction Bank Corporation ( CCB or the Bank ), without being independently verified.
More informationQuarterly Report and Forecast Q Prepared by City of Richmond Economic Development Office February 2017
Macroeconomic Indicators & Forecast Overall, the GDP growth outlook for advanced economies has improved for 2017 and 2018, reflecting stronger activity in the latter half of 2016. 2) Interest Rates US
More informationPayment Painkillers for asian PsPs:
Payment Painkillers for asian PsPs: identifying the opportunities and tackling the challenges for asian businesses making payments into europe the network for GloBal CommerCe PAYMENT PAINKILLERS FOR ASIAN
More informationBAHAMAS. 1. General trends
Economic Survey of Latin America and the Caribbean 2018 1 BAHAMAS 1. General trends Economic growth strengthened to 1.4% in 2017, compared with -1.7% in 2016. Activity was bolstered by growth in construction,
More informationThe International Headquarters (IHQ) Regime. May 2015
The International Headquarters (IHQ) Regime May 2015 Overview of incentive regimes in Thailand Old regimes Regional Operating Headquarters (ROH) Regime The first ROH regime was introduced by the Thai Government
More informationHONG KONG MARKET OUTLOOK 2019 No gloom and doom as property market rebalances
COLLIERS OUTLOOK Daniel Shih Senior Director Research Hong Kong +852 2822 0654 daniel.shih@colliers.com HONG KONG RESEARCH 18 JANUARY 2019 HONG KONG MARKET OUTLOOK 2019 No gloom and doom as property market
More informationRESIDENTIAL INVESTMENT
RESIDENTIAL INVESTMENT jll.co.uk/residential 2 INTRODUCTION Residential investment is not just about build to rent or PRS; the sector offers opportunities across the risk spectrum from ground rents, shared
More informationInvesting in Perth. Understanding the drivers of the property market in Western Australia
Investing in Perth Understanding the drivers of the property market in Western Australia 01 Investing in Perth Perth shares a business time zone with 60% of the world Investing in Perth Perth s Property
More informationROXY-PACIFIC ACHIEVES REVENUE OF S$317.8 MILLION AND NET PROFIT OF S$96.8 MILLION IN FY2014
Roxy-Pacific Holdings Limited NEWS RELEASE ROXY-PACIFIC ACHIEVES REVENUE OF S$317.8 MILLION AND NET PROFIT OF S$96.8 MILLION IN FY2014-10 th consecutive year of record earnings 1 - Recurring income from
More informationMitsubishi Estate Group. New Medium-Term Management Plan (FY2012 FY2014) *
To whom it may concern: June 1, 2011 Company name: Mitsubishi Estate Co., Ltd. Representative: Hirotaka Sugiyama, President and Chief Executive Officer Securities code: 8802 Contact: Keiji Takano, General
More informationPROFESSIONAL EXAMINATIONS ADVANCE TAXATION 2 DECEMBER Date
CHARTERED TAX INSTITUTE OF MALAYSIA (225750 T) (Institut Percukaian Malaysia) PROFESSIONAL EXAMINATIONS FINAL LEVEL ADVANCE TAXATION 2 DECEMBER 2017 Student Registration No. Desk No. Date Examination Centre
More informationTirupati Sarjan Limited
Tirupati Sarjan Limited Date: 5 th January, 216 Stock Performance Details Shareholding Details September 215 Current Price : ` 27.5^ Face Value : ` 5 per share 52 wk High / Low : ` 29.7 / 1.6 Total Traded
More informationAn outlook for key emerging Asian markets
A special report from The Economist Intelligence Unit www.eiu.com Contents Introduction 2 China 3 India 5 Indonesia 6 Philippines 8 Conclusion 10 The Economist Intelligence Unit Limited 2015 1 Introduction
More informationBusiness Developments in Japan
Business Developments in Japan Approaches to Corporate Customers By integrating the group's specialty functions, Mizuho offers a full range of financial solutions on a global basis to meet its corporate
More informationCITY COUNCIL UNFINISHED BUSINESS FEBRUARY 2, 2015 SHARED ECONOMY TASK FORCE RECOMMENDATIONS
CITY COUNCIL UNFINISHED BUSINESS FEBRUARY 2, 2015 SUBJECT: INITIATED BY: SHARED ECONOMY TASK FORCE RECOMMENDATIONS CITY MANAGER'S DEPARTMENT -ARTS & ECONOMIC DEVELOPMENT DIVISION (Paul Arevalo, City Manager)
More informationETHIOPIA. Agribusiness. Procedures and Opportunities
ETHIOPIA Agribusiness Procedures and Opportunities Ethiopia: Country Profile Ethiopia Brief Country Profile Ethiopia: Country Profile Rapid and sustainable economic growth One of the fastest growing economies
More informationEXECUTIVE SUMMARY APPENDICES
Q4 and FY2016 Analyst Presentation February 2017 2 1 EXECUTIVE SUMMARY o Key Highlights o 4Q2016 Financial Highlights o FY2016 Financial Highlights o Key Strategies o Outlook & Y2017 Digital Focused 2
More informationAIG Global Real Estate
AIG Global Real Estate Asia Capabilities This material must be read in conjunction with the Disclosure Statement. INTRODUCTION AIG Global Real Estate comprises a group of international companies within
More information1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n!
1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n! CONTENTS Cyprus Facts 02 About our firm 03 Our services 04 Citizenship 05 PR VISA 06 TR VISA 07 CY Company 08 While in Cyprus 11 CYPRUS
More informationHOUSING MARKET OUTLOOK Calgary CMA
H o u s i n g M a r k e t I n f o r m a t i o n HOUSING MARKET OUTLOOK Calgary CMA C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: Spring 2013 Table of Contents NEW
More informationVICE FINANCE MINISTER S KEYNOTE SPEECH. Prof. Dr. Mardiasmo, MBA., Akt. 4th ASIAN FIXED INCOME SUMMIT. SOFITEL HOTEL, THURSDAY 7th SEPTEMBER 2017
VICE FINANCE MINISTER S KEYNOTE SPEECH Prof. Dr. Mardiasmo, MBA., Akt. 4th ASIAN FIXED INCOME SUMMIT SOFITEL HOTEL, THURSDAY 7th SEPTEMBER 2017 Bismillahirrahmanirrahim. Assalamu alaikum Wr. Wb. Good Morning
More informationRegulatory Alert. Far reaching reforms in the Foreign Direct Investment ( FDI ) Policy Announced. 11 November 2015
Regulatory Alert Far reaching reforms in the Foreign Direct Investment ( FDI ) Policy Announced 11 November 2015 The Government of India has announced a far reaching liberalisation of FDI norms with a
More informationRESEARCH PAPER VENTURE CAPITAL INVESTMENT TRENDS Transport & Logistics, Agriculture, FinTech and Manufacturing
RESEARCH PAPER VENTURE CAPITAL INVESTMENT TRENDS Transport & Logistics, Agriculture, FinTech and Manufacturing CONTENT Due to historically low financing rates and plenty of companies unable to grow organically,
More informationTHE PROFESSIONAL FINANCIAL CONSULTANT: COMMERCIAL, SBA, REAL ESTATE, AND VENTURE CAPITAL FINANCING
THE PROFESSIONAL FINANCIAL CONSULTANT: COMMERCIAL, SBA, REAL ESTATE, AND VENTURE CAPITAL FINANCING Delta Publishing Company Copyright 2008 by DELTA PUBLISHING COMPANY P.O. Box 5332, Los Alamitos, CA 90721-5332
More informationSri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy)
Sri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy) September 2018 8th Meeting of the Asia Pacific FDI Network, Thailand
More informationConsolidated Settlement of Accounts for the First Nine Months of the Fiscal Year Ending December 31, 2017 [Japanese Standards]
Shiseido Company, Limited (4911) Consolidated Settlement of Accounts for the First Nine Months of the Fiscal Year Ending December 31, 2017 The figures for these financial statements are prepared in accordance
More informationJean - Francois Gasc, Managing Director, Accenture (FRANCE) Friday,
Jean - Francois Gasc, Managing Director, Accenture (FRANCE) Friday, 25.9.2015 Technology Evolution : The game changer in insurance business 17 th Hydra meeting September 25 th, 2015 Agenda Digital Innovation
More informationKey developments and outlook
1/22 Key developments and outlook Economic growth projection is revised up from a stronger recovery of exports. Meanwhile, government spending remains an important growth driver. Private spending gradually
More informationIndia: Great Expectations
India: Great Expectations Bangalore, India NEW CHINA: IMPACT OF THE CHINESE CONSUMER India: Great Expectations India is widely expected to be one of the fastest growing economies in the world despite
More informationYoma Strategic Reports FY2018 Revenue of S$108 million; Expects Steady Growth Trajectory
Media Release Yoma Strategic Reports FY2018 Revenue of S$108 million; Expects Steady Growth Trajectory Strong growth in Consumer and Automotive & Heavy Equipment divisions has partially offset impact of
More informationInnovation Hubs and Accelerators. IAIS-A2ii Consultation Call, 22 March 2018
Innovation Hubs and Accelerators IAIS-A2ii Consultation Call, 22 March 2018 Technical expert Jeremy Gray Engagement Manager Cenfri Presenters IAIS representative Peter van den Broeke International Association
More informationThe EU and Vietnam: Taking (Trade) Relations to the Next Level
The EU and Vietnam: Taking (Trade) Relations to the Next Level EIAS Briefing Seminar 27 April 2016 The EU-Vietnam Free Trade Agreement is part of the evolution of Vietnam since it joined the WTO in 2007.
More informationHighlight. 21 January 2015
21 January 2015 Thailand s Special Economic Zone National roadmap and new opportunities to watch out Highlight EIC expects Mae Sot, Aranyaprathet, and Sadao to be the three leading Special Economic Zone
More informationACCT001 ACCOUNTING STUDY MISSION TO THAILAND Course Outline 2015/2016 Term 1
ACCT001 ACCOUNTING STUDY MISSION TO THAILAND Course Outline 2015/2016 Term 1 FACILITATOR: A/Prof Low Aik Meng Email: amlow@smu.edu.sg Office: School of Accountancy Building INTRODUCTION Thailand is a newly
More informationHome Credit B.V.: IFRS consolidated results for the nine-month period ended 30 September 2016
Press Release Home Credit B.V.: IFRS consolidated results for the nine-month period ended 30 September 2016 A strong result propelled by a balanced mix of sustained recovery in Russia and robust growth
More informationThe Road Ahead for CORESTATE and Institutional Clients
The Road Ahead for CORESTATE and Institutional Clients Audrey Klein Head of International Institutional Clients August 2018 Page 1 CORESTATE Capital Holding S.A. Brief Introduction Experience Audrey Lynn
More informationANNUAL HONG KONG INVESTOR SURVEY REPORT 2018
Daniel Shih Senior Director Research Hong Kong & South China +(852) 2828 9888 daniel.shih@colliers.com Antonio Wu Deputy Managing Director Hong Kong +(852) 2822 0733 antonio.wu@colliers.com ANNUAL HONG
More informationNo. 23/2018 Monetary Policy Report, March 2018 Mr. Jaturong Jantarangs, Assistant Governor of the Bank of Thailand (BOT) and Secretary of the
No. 23/2018 Monetary Policy Report, March 2018 Mr. Jaturong Jantarangs, Assistant Governor of the Bank of Thailand (BOT) and Secretary of the Monetary Policy Committee (MPC), released the March 2018 issue
More informationCHINA S GLOBAL NEWS MEDIA. Media Profile
CHINA S GLOBAL NEWS MEDIA Media Profile A Global Media with an Asia Focus Global Circulation (All Editions) USA Europe Dubai China North East Asia Hong Kong Africa South East Asia Australia China Daily
More informationWeChat Update Investor Web Conference Call OCTOBER 2018
WeChat Update Investor Web Conference Call OCTOBER 2018 2 WHO WE ARE Listed ASX (IVO) Data-driven solutions that help brands, retailers and commerce businesses compete and grow in more profitable ways.
More informationSPIRIT QUEST TOURS BOOKING TERMS & CONDITIONS
SPIRIT QUEST TOURS BOOKING TERMS & CONDITIONS Please note: Each guest needs to INITIAL AND SIGN this contract FAX to (877) 406-5206 OR scan and email to halle@spiritquesttours.com OR mail to the address
More informationNew Terms & Conditions for Retail / Wholesale Activities in Myanmar
New Terms & Conditions for Retail / Wholesale Activities in Myanmar Alexander Bohusch 20 June 2018 Conseil juridique. Conseil fiscal. Luther. Agenda. I. Relevant Laws and Regulations II. Trade Restrictions
More informationTALIS PROPERTY FUND.
TALIS PROPERTY FUND www.talis.properties It doesn t matter if a cat is black or white as long as it catches mice Response by Deng Xiaoping regarding modern economic reforms in China Talis Property Fund
More informationSubmission to the House of Commons Standing Committee on Finance. Priorities for the 2015 Federal Budget
Submission to the House of Commons Standing Committee on Finance The (CCCE) commends the government s commitment to sound management of public finances. With a small surplus expected in 2015-16, Budget
More informationDistinguished guests, Ladies and Gentlemen,
Address by the President of the Republic Mr. Nicos Anastasiades Cyprus International Business Association (CIBA) 2017 Annual General Meeting Friday, 01 December 2017 Distinguished guests, Ladies and Gentlemen,
More information2015 results. March 2016
2015 results March 2016 Contents Kardan Highlights 6-12 Real Estate Asia (Kardan Land China) 13-18 Water Infrastructure (Tahal Group International) 19-22 Financial Services (TBIF) 23-24 Outlook 2016 25
More informationExclusive Offers for Employees of Qatar Gas
Exclusive Offers for Employees of Qatar Gas Welcome At Commercial Bank we provide tailored financial solutions that help you get the most out of life. Our wide range of products and services are supported
More informationAXA. Henri de Castries. Chairman & CEO. London - October 2, Sanford C. Bernstein Strategic Decisions Conference
AXA Henri de Castries Chairman & CEO London - October 2, 2013 Sanford C. Bernstein Strategic Decisions Conference Cautionary note concerning forward-looking statements Certain statements contained herein
More informationInsurance 2020 & Beyond
Insurance 2020 & Beyond México November, 2015 By. Stephen T. O Hearn Leader of the Global Insurance Practice Transformación del Sector Asegurador, más allá de la Regulación Research assessed 32 distinct
More information