The Taiwan insurance arm of Dutch financial services firm ING Groep is mulling its first investments in international stocks as it eyes higher returns while it rides out turbulence in Taiwan’s stock market.
ING, behind AIG as the biggest foreign life insurer in Asia, is also eying opportunities in hedge funds, private equity, and commodities over the next few years as it seeks to boost returns while managing risk.
At the same time, it will keep half of its investments in the conservative government bond market, Andy Yang, chief investment officer of the investment unit of Taiwan’s ING Life Insurance Co., told Reuters in an interview Tuesday.
“One thing you could say is that (Taiwan’s market) is very heavily concentrated in electronics,” Yang said. “The U.S. has Microsofts and Apples, it’s got brands, it’s closer to the clients, but this technology here is one step removed … so it is much more volatile.”
“Taiwan,...
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Qisda reportedly lands ODM handset orders from MotorolaSource:
http://www.chinatradeinformation.net/china-trade-n...Post Date: 2008-03-06 18:29:34
Taiwan-based Qisda has received ODM handset orders from a first-tier handset vendor with shipments to begin in the fourth quarter of this year, company president Hsiung Hui was quoted by the Chinese-language Commercial Times as saying at an investors conference. The paper indicated that Qisda most likely secured the ODM orders from Motorola.
The selection of Qisda by Motorola would have been due to Qisda’s previous experience in the development of customized handsets for telecom services p...
Methane might be Asia’s next energy sourceSource:
http://www.chinatradeinformation.net/china-trade-n...Post Date: 2008-03-06 18:09:29
Large amounts of methane gas stores are reportedly buried inside Asia’s coal beds. Some analysts think it could be the next big investment.
It’s estimated that trillions of cubic meters of methane are trapped and could be used to meet some of the region’s power demand.
China alone holds nearly 30 trillion cubic meters of methane gas, about three times the U.S. amount, a Merrill Lynch representative said.
Until now, logistics and extraction costs have prevented its use, but incr...
Shenhua to produce oil from coal this SepSource:
http://www.chinatradeinformation.net/china-trade-n...Post Date: 2008-03-06 17:25:08
China’s largest coal company, Shenhua Group, will produce the country’s first barrel of oil converted from coal in September, a senior official of the company said Tuesday.
The project will cost more than 10 billion yuan (US$1.39 billion), China Business National Daily said, citing Xue Jilian, deputy director of the company.
The first production line in its Ordos Coal Liquefaction Base in north China’s Inner Mongolia Autonomous Region can produce more than one million t...