Monday, November 20, 2017

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




About 2point6billion.com

2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.



Aviation

Mongolia’s Ulaanbaatar to Have New International Airport

Part of the Khoshigt Valley, site of the new UB airport

May 23 – The Mongolian government has agreed with the government of Japan on a US$270 million soft loan, repayable over 40 years at a rate of just 0.2 percent to build a new airport to service Mongolia’s capital, Ulaanbaatar. The city’s current airport suffers from occasional high winds and has a relatively short runway unsuitable for 747s and larger aircraft.

The new facility, to be built and completed by 2015, will be able to service all larger modern aircraft and affords better protection from windshear. It should reduce annual flight cancellations and delays from the current level of 2.5 percent down to 0.5 percent. The airport will be built in the Khoshigt Valley, near Terelj in Tov Aimag, about 54 kilometers from the capital. Construction on the new airport – together with a high speed motorway that connects Ulaanbaatar with the airport – is expected to be started later this year. The loan was agreed on condition that Japanese contractors and suppliers were used. Continue reading

Posted in Aviation, Business | Comments Off on Mongolia’s Ulaanbaatar to Have New International Airport

Indonesian Plane Crash Could Hurt China’s Aircraft Sales

May. 10 – An Indonesian MA60 turbo-prop plane carrying 27 people crashed into the ocean off the country’s easternmost Papua Province on May 7, leaving no survivors according to a navy officer’s confirmation. As the first fatal accident reported for this model, which was developed and made in China, the crash may temporarily set back the plane’s improving sales records worldwide.

According to Transport Ministry official Bambang Ervan, the aircraft, operated by Merpati Nusantara Airlines, was enroute to the small port town of Kaimana from the coastal city of Songrongand with 21 passengers and six crew on board when it crashed 500 meters short of the runway. Continue reading

Posted in Aviation, Foreign Trade | 3 Comments




Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at [email protected], download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF