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Sovereign Wealth Funds Briefing 06.Jan 2012

Posted on 06 January 2012 by VRS |  Email |Print

Datuk Seri Najib Tun RazakMalaysia and Singapore are confident the uncertain global economic outlook will not affect joint venture projects between Khazanah Nasional Berhad and Temasek Holdings which are meant for long term development.
Prime Minister Datuk Seri Najib Tun Razak and his Singapore counterpart Lee Hsien Loong believe their respective countries’ projected economic growth would be sufficient to push the projects forward. Najib said there were no signs that the overall development of Iskandar Malaysia was slowing down and that the investments were proceeding according to schedule………………………………………..Full Article: Source

Posted on 06 January 2012 by VRS |  Email |Print

Government investment arm Khazanah Nasional Bhd’s bid for luxury hotel chain Aman Resorts seems to have been topped by Chinese conglomerate HNA Group, according to analysts and bankers in India. The Chinese group, which ran the Hainan Provincial Airlines in the 1990s, may have made an outright offer to the tune of RM20 billion for the resorts.
When Khazanah reportedly bid for the resort chain in June 2010, the offer was said to be between US$300 million (RM942.9 million) and US$350 million for only “a controlling stake”………………………………………..Full Article: Source

Posted on 06 January 2012 by VRS |  Email |Print

Apollo Group of Hospitals is confident of completing the roadmap for its association with Malaysian sovereign fund Khazanah Nasional in a few weeks. The roadmap would comprise roles that each entity would play as they prepare global expansion plans.
Talking to reporters on the sidelines of second edition of GAPIO (Global Association of Physicians of Indian Origin), Dr Prathap C Reddy, Chairman of Apollo Group of Hospitals, said the roadmap was not about finances but more about roles to offer medical education and management services globally………………………………………..Full Article: Source

Posted on 06 January 2012 by VRS |  Email |Print

Senior bondholders said Kazakh state- controlled BTA Bank (BTAS) must pay a coupon due Jan. 1 and ensure that its board contains creditor directors before they’ll discuss the lender’s proposal for a second restructuring in as many years.
A group of unidentified creditors made the demands in a Dec. 30 letter to BTA, the Kazakh central bank and the National Welfare Fund Samruk-Kazyna (SKKZ), which owns 81.5 percent of the Almaty-based lender. The letter was sent by New York-based law firm Dewey & LeBoeuf LLP, which represents the bondholders………………………………………..Full Article: Source

Posted on 06 January 2012 by VRS |  Email |Print

With India eyeing an investment of nearly $1 trillion over the next 5-7 years, Finance Minister Pranab Mukherjee pitches for focussing on the proposed $ 750-million fund to be set up in cooperation with Saudi Arabia for development of infrastructure, promotion of joint exploration and production of hydrocarbons.
The investment fund, “to be jointly set up by the Public Investment Fund, Saudi Arabia, and a counterpart Indian agency, needs to be given high priority as it is mutually beneficial,” Mr. Mukherjee said in his opening remarks at the 9th India-Saudi Arabia Joint Commission meeting……………………………………….Full Article: Source

Posted on 06 January 2012 by VRS |  Email |Print

Like other oil-rich, water-poor Gulf states, Qatar has been investing in large areas of farmland overseas to ensure access to food supplies. The agricultural arm of Qatar’s sovereign wealth fund, Hassad Food, has bought land in Sudan and Australia, and has announced plans to spend hundreds of millions of dollars on agricultural projects in countries including Kenya, Brazil, Argentina, Turkey and Ukraine.
But in contrast to the other Gulf states, Qatar also aims to produce most of its food domestically, by spending massively to boost crop yields and convert semi-desert into agricultural land………………………………………..Full Article: Source

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