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Posts Tagged ‘Foreign Investment’

Foreign Investment in Australia at Record Levels: NPRCo

Posted by Ram Kumar Shrestha on April 4, 2013

ZAH_investment_LWThe expression of “not being able to see the forest for the trees” probably rings true for many Australians. We all get caught up in our own little world that sometimes makes stepping back and looking at the big picture difficult.

Despite recent political events, the world does look at Australia with a high degree of certainty and an expectation of stability.  It is these traits that continue to see foreign investment into Australia soar to record levels.  Whilst there was some concern surrounding the period of the GFC, Australia conducted itself in such a manner as to prove that it was worthy of significant foreign investment.  Our banking and property sectors proved to be highly resilient, a fact not lost on many throughout the world.

Foriegn Investment Picture

Whilst most Australian’s have grumbled at our higher interest rates when compared to many advanced economies, this was also a significant factor in attracting that investment to Australia.  Without foreign investment in Australia, a great number of projects would never have gotten off the ground.  Those higher interest rates have also provided a cushion for the RBA to both stimulate and slow the economy. Read the rest of this entry »

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Must-Reads from Around the World: March 20, 2012

Posted by Ram Kumar Shrestha on March 20, 2012

Syrian President Bashar Assad speaking during a Ramadan Iftar banquet in honor of Muslim clergymen, in Damascus, Syria, 24 August 2011. (Photo: SANA / EPA)

SYRIAN PRESIDENT BASHAR ASSAD SPEAKING DURING A RAMADAN IFTAR BANQUET IN HONOR OF MUSLIM CLERGYMEN, IN DAMASCUS, SYRIA, 24 AUGUST 2011. (PHOTO: SANA / EPA)

More Syria Leaks – Al Jazeera reveals details from confidential Syrian intelligence and security documents handed over by one of the government’s most trusted officials who recently fled to Turkey. The trove shows President Bashar Assad’s strategy to suppress anti-government protests, including orders to stop protesters from getting into Damascus and detailed security plans for crushing protests in the cities of Aleppo and Idlib, as well as warnings about countries trying to influence Syrian diplomats to defect and indications the government spied on last year’s Arab League monitoring mission in Syria. Read the rest of this entry »

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Why Qatari Owners of Paris’ Soccer Team Hanker For Aging Englishman Beckham

Posted by Ram Kumar Shrestha on December 22, 2011

By BRUCE CRUMLEY

Los Angeles Galaxy's David Beckham fights for the ball against Emelio "Chieffy" Caligdong of the Philippines national football team Azkals during their friendly match at the Rizal Memorial football stadium in Manila December 3, 2011.

Why does perennially under-performing Paris Saint-Germain of France’s anemic professional soccer league see hiring a fading star at over $1 million per month as vital to assuring its future? Because the aging player in question is David Beckham, whose marketing and financial allure is considered as important as his footballing skill by PSG’s Qatari owners. And even if Beckham’s representatives are denying reports that the Los Angeles Galaxy midfielder has come to an unofficial agreement with PSG, there are reasons to suspect the resurgent rumors may yet come to fruition. After all, the Paris club is only one part of a mix with which Qatari VIPs are looking to boost the Emirate’s prestige through the world’s most popular sport. And despite his advancing age and slowing gait, Beckham remains not only one of the biggest global draws in the game—but just the kind of meta-star capable of mesmerizing celebrity-crazed, sports-fickle inhabitants of Paris.

French media was again abuzz Wednesday with reports that the 36-year-old Beckham has agreed to sign an 18-month contract with PSG once his Galaxy deal expires Dec. 31. According to dailies le Parisien and l’Equipe, Beckham has accepted a league-topping $1.05 million monthly salary whose total value could be nearly doubled by $22.3 million in performance bonuses—most of those based on Beckham’s merchandizing potential, rather than footballing potency. Indeed, in addition to Beckham’s iconic and hunk status that’s expected to broaden PSG’s appeal to a far wider base of Parisians (a population infamous as fair weather fans who demand big matches, lots of glitz, and the likelihood of victory to even start caring much about sports), the association with the former England hero might well allow Paris Saint-German to finally establish a true brand identity abroad. And that, it’s hoped, could mean millions in new income from PSG jerseys selling alongside the likes of Liverpool, Bayern Munich, and Barcelona merchandize in foreign markets–particularly in Beckham-mad Asia. Read the rest of this entry »

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Russia’s Putin Visits Beijing: Friendly Neighbors or Strategic Competitors?

Posted by Ram Kumar Shrestha on October 11, 2011

 by 

Russia's Prime Minister Vladimir Putin (C) and China's Premier Wen Jiabao (L) inspect an honour guard during a welcome ceremony at the Great Hall of the People in Beijing on October 11, 2011 (Photo: Takuro Yabe / POOL / AFP)

Regular readers of stories from China’s state-run Xinhua News Agency know that relations between China and nearly every country whose leader visits Beijing merit a positive appraisal. “Malawi treasures its friendship with China and is grateful for China’s selfless support for Malawi’s national development,” gushed one Xinhua article last year, while another on Oct. 11 noted that “China and Namibia have become ‘all-weather’ friends.” Today, as Russia’s Vladimir Putin began a two-day trip to China accompanied by a 160-member delegation, a Xinhua op-ed piece proclaimed: “China-Russia cooperation conducive to a more balanced world.” The Chinese media group splashed “rarely-seen photos” of Putin and his family members of its website homepage, along with a link to a close-up of the Russian leader captioned: “Cute or cool, another face of Russian Prime Minister Putin.”

As evidence of this “more balanced world,” Xinhua pointed to China and Russia’s joint rejection of a U.N. draft resolution on Syria that would have condemned Damascus for its deadly crackdown on protestors. Xinhua also opined that “as key members of the Shanghai Cooperation Organization and leading emerging nations, China and Russia have played an important role in shaping a multipolar world and fostering democratization of international order.” The Shanghai Cooperation Organization is a grouping of China, Russia and Central Asian nations that presents an alternate security alliance to NATO. Closer Russian-Chinese ties could provide a counterbalance to relations with the West.

Ahead of Putin’s China visit, some $7 billion in trade deals were discussed, according to the Chinese Foreign Ministry. (China is now Russia’s top trading partner, and trade will likely surpass $70 billion this year.) Further economic cooperation is expected to be finalized during Putin’s China stop—the Russian Prime Minister’s first trip abroad since he announced a controversial leadership plan in which he would try to reclaim the more important title of President next year. Read the rest of this entry »

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China’s Security Chief Goes on Tour—How Is Asia Reacting?

Posted by Ram Kumar Shrestha on August 24, 2011

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Over the past week, as I’ve traveled across Asia, I’ve discovered an unlikely partner in my continental peregrinations:

China's Politburo Standing Committee Member Zhou Yongkang arrives for a meeting in Kathmandu, Nepal, August 17, 2011. (Photo: Navesh Chitrakar / Reuters)

China’s security chief Zhou Yongkang. The senior Chinese envoy’s travels have taken him to Nepal, Laos, Cambodia and Tajikistan. The final stop is Mongolia, where Zhou is expected to head on Tuesday.

In Zhou’s wake, the narrative has tended to follow the same plot-line: first, China’s state media proclaims “mutually beneficial cooperation” and “longstanding friendship” between Beijing and the local government. Then a raft of trade deals or bequeathing of military goodies is announced. Finally, an undercurrent of unease follows, with regional analysts wondering about China’s growing economic and security might.

Last Saturday, Zhou was in Cambodia, where he met with Prime Minister Hun Sen. In addition to various mining, road-construction and farming deals, China has agreed to supply nearly $200 million in helicopters to Cambodia. Beijing is already the Southeast Asian nation’s largest foreign investor, and Hun Sen, who has quietly evolved into one of Asia’s longest-serving strongmen, has been vociferous in his support of China. His enthusiasm for Chinese largesse stands in marked contrast to his feelings toward Western donors who tend to attach pesky strings like human-rights commitments to their aid. The Phnom Penh Post quoted a local researcher worrying that “Cambodia will become subservient to China.” Read the rest of this entry »

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