Articles List

Articles List

Telkom Tower Deal Improves Outlook

BMI View: A deal with Tower Bersama offers PT Telkom the opportunity to focus on its core businesses. This is in line with the trend of telecoms companies selling off non-essential infrastructure, which is playing out in many markets. This trend of monetisation of non-core assets to fund new infrastructure will sharpen competition between operators.

Opportunities And Bankability Aligning For Growth

ACWA's sizeable project pipeline underscores the tremendous potential of the renewable energy sector in the Middle East and North Africa (MENA) region. The bankability of renewable energy projects in MENA has also improved significantly.

Nickel: Price Gains To Disappoint

Slower Chinese consumption growth and a continued inventory overhang will mitigate the effect of supply tightness caused by Indonesia's ore export ban, capping growth in refined nickel prices over the coming quarters.

Tokopedia Investment: Conditions Ripe For Digital Economy Growth

BMI View: SoftBank's investment in Tokopedia acknowledges the tremendous potential of Indonesia's digital economy and the e-commerce sector in particular. It echoes our view that the country's youthful population, growing affluence and ubiquitous mobile internet coverage will provide an additional catalyst for economic growth, allowing Indonesia to become a major regional business hub.

Competing Interests To Hinder Energy Union

The absence of a binding target for EU electricity grid interconnections will delay the introduction of a European 'energy union' and raises serious questions about the level of political commitment to the plan.

International Players Capitalising On Coffee Boom

Coffee sales in China will grow rapidly over the next five years from a very low base, outperforming growth in soft drinks and alcoholic drinks sales. Expansion opportunities will be driven by the ongoing emergence of a young and urban middle class, aspiring to a Western lifestyle. Coffee consumption growth will benefit international companies and brands such as Starbucks and Nescafé, which enjoy a strong brand reputation in China.

Fernández Administration To Face Mounting Political And Economic Pressures

Tepid private consumption will ensure that Argentine economic activity remains weak in the coming months. With its support falling and the October 2015 presidential election on the horizon, the ruling Frente Para la Victoria party will face increasing pressure to orient policymaking in an investor-friendly direction in order to bolster the economy.

Resolution In Sight For Baghdad-Erbil Salary Payments Row

The resolution of a dispute between Baghdad and Irbil on salary payments for Kurdistan public employees will lead to the approval of the 2015 budget. Iraq's fiscal surplus will narrow over the next five years as declining oil export growth hits government revenues.

Xiaomi - From Little Seeds...

Privately-owned Beijing Xiaomi Technology Company Ltd (Xiaomi) is one of China's larger consumer electronics producer-vendors and is growing rapidly on the back of demand for its low-cost smartphones and tablet computers. Its innovative distribution model - selling products and supporting software and applications only through online channels - means it has been able to quickly displace numerous global and local brands. The company has ambitious international expansion plans, which could yet be derailed by complaints from Apple that the designs of Xiaomi's products closely copy those of the iPhone. The US company has not been shy about taking global rivals such as Samsung to court, alleging intellectual property infringements and Xiaomi could be next to be targeted.

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