Success brings challenges for Southeast Asia's port of choice; as costs climb, Singapore docks' aggressive neighbors take steps to steal away business
Article Abstract:
Malaysia, Thailand and Indonesia are initiating steps to wrest market share from Singapore as the cargo hub of choice in Southeast Asia. Malaysia's Port Klang boasts of cargo rates that are about 30% lower than Singapore's, which have lured over 20 shipping lines to begin direct calls in 1996. In Thailand, the first deepwater port is being developed to decongest Bangkok's river port and attract direct shipping service. Indonesia has entered into a contract with Indo Port Co. of London to own and operate a container facility on Batam Island.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Government struggles to win over wary U.S. investors
Article Abstract:
Indian Prime Minister H.D. Deve Gowda's administration is trying to woo US investors in view of declining US investment due to Indian's slow economic reforms. Many US firms have been discouraged by the sluggish reforms in the Indian market, specially in the infrastructure and telecommunications sectors. Foreign investment increased by 24% to reach $2.03 billion for the 11 months that ended Nov. 30, 1996. However, the growth is down compared to growth over the same period in 1995.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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India's lumbering ports hobble growth
Article Abstract:
India's ports are registering poor growth as poor facilities make potential investors shy away from the country. Export growth in the country has registered a mere 4% in 1996 compared with the 18% growth rate in the previous years. The performance of India's ports have improved in recent years but are well below international standards and this has analysts worried that export growth may continue declining if facilities and services are not improved.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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