Narongsak Plodmechai, chief executive officer of SCB Asset Management, the management company of DIF, has revealed that DIF, Thailand’s first and largest telecommunications infrastructure fund, is looking to make its fourth round of investment in infrastructure assets with a combined value of up to Bt15.8 billion, in line with its strategy for continuous growth. DIF currently owns and holds the right to net revenue from 15,271 telecommunications towers. It also owns and holds long-term leasehold interests in and the right to net revenue from approximately 2.7 million core kilometres of optical fibre cable. Moreover, it owns an upcountry broadband system with a capacity of 1.2 million ports. Its net asset value as of March 31, 2019 stood at Bt150.2896 billion. The telecom infrastructure assets of True Group in which DIF will invest in its fourth round of additional investment comprise the following: 1. Ownership of 749 telecommunication towers on ground and … [Read more...] about DIF plans fourth round of assets investment
Long term investment strategy
Gov’t maps out financial strategy vs global shocks
Gov’t maps out financial strategy vs global shocks Lawrence Agcaoili (The Philippine Star) - May 29, 2019 - 12:00am MANILA, Philippines — An inter-agency council has prepared a roadmap that would allow the Philippines to survive external shocks brought about by the possible global growth slowdown. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the Financial Stability Coordination Council (FSCC) is deliberately forward-looking in its desire to guard the financial system against brewing systemic risks that can have negative consequences on the real economy and on the public. FSCC is composed of the BSP, Department of Finance (DOF), Insurance Commission, Philippine Deposit Insurance Corp. (PDIC), and the Securities and Exchange Commission (SEC). It is the venue for financial market authorities to identify, monitor, manage, and mitigate the build up of systemic risk in the Philippine financial system. … [Read more...] about Gov’t maps out financial strategy vs global shocks
19 books billionaire Warren Buffett thinks everyone should read
caption Warren Buffett, CEO of Berkshire Hathaway. source Getty Images / Matthew Peyton Warren Buffett, CEO of Berkshire Hathaway, loves to read. When he began his investing career, he would read 600 to 1,000 pages a day. According to Berkshire Hathaway’s shareholder letters and over two decades of interviews, these are the books that have guided Buffett’s financial wisdom. Visit Business Insider’s homepage for more stories. When Warren Buffett started his investing career, he would read 600, 750, or 1,000 pages of a book a day. Even now, he says he still spends about 80% of his day reading. “Look, my job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action,” he once said in an interview. “We don’t read other people’s opinions,” he said. “We want to get the facts, and then think.” To help you get into … [Read more...] about 19 books billionaire Warren Buffett thinks everyone should read
ADB to invest more in private sector
In his closing address at the 52nd annual meeting on Saturday, Nakao said the private sector operations would account for one-third of ADB’s total projects by number by 2024. “We discussed the importance of expanding to frontier economies and social sectors such as health and education,” he said. He stressed the need to more closely look at risk and pricing, as well as the real impact on development. “We are expanding staff resources for private sector operations and risk management, and will increase outposting to resident missions,” he said. Nakao said an office would be opened in Singapore by the end of this year to facilitate engagement with private sponsors and financiers. According to Nakao, there was a discussion on the value of equity investment in addition to loan operations, and governors from ADB member countries also supported the greater use of credit enhancement instruments. Last year, the bank’s new lending, equity investments, … [Read more...] about ADB to invest more in private sector
Five UK tech firms to invest in Malaysia
PETALING JAYA: A total of five UK technology organisations are investing in Malaysia, according to a joint statement by the UK Department for International Trade and the Ministry of Communications and Multimedia Malaysia. The ministry said this reinforces the UK’s long-term commitment to Malaysia as a key partner in trade and investment. “It also reflects Malaysia’s attractiveness as an investment destination and as a springboard to the wider Asean market.” The five companies are Ideagen, AuditXPRT, Mitra Innovation, BAE Systems Applied Intelligence and Sage. Minister of Communications and Multimedia Gobind Singh Deo (pix) said as Malaysia continues to implement technologies such as artificial intelligence, robotics and cyber security, the investment of more UK tech companies to Malaysia highlights their confidence that Malaysia is moving in the right direction. “The aim of collaboration in the area of technology is incredibly essential not only to aid … [Read more...] about Five UK tech firms to invest in Malaysia