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Latest News
21-Apr-2008 ASEAN FOCUS GROUP AT IMAP WASHINGTON D.C. CONFERENCE
05-Feb-2008 ACPET NIAS SCHOLARSHIP PROJECT IN INDONESIA SUCCESSFULLY CONCLUDED
05-Feb-2008 ASIAN PERSPECTIVES 2007
25-Nov-2007 DUA AFG ADVISES MORELLATO & SECTOR ON JOINT VENTURE IN INDIA

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ASEAN FOCUS GROUP AT IMAP WASHINGTON D.C. CONFERENCE

21-Apr-2008 - Peter Church of Asean Focus Group recently attended the IMAP Spring Meeting in Washington D.C. on behalf of Asean Focus Group

The bi-annual conference brings together members of all IMAP firms worldwide to share ideas and opportunities in the M&A sector.


Above are Suresh Iyer (IMAP India) (left), Brian Baldwin (IMAP Seattle) (second from right) and Peter and Ginny Church (IMAP Australia) at the Smithsonian Portrait Gallery function during the IMAP Conference in Washington in April 2008.

 

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ACPET NIAS SCHOLARSHIP PROJECT IN INDONESIA SUCCESSFULLY CONCLUDED

05-Feb-2008 - In response to the 2005 Earthquake on the island of Nias in North Sumatra, Indonesia ACPET agreed to fund 200 tuition scholarships for students attending private Teacher Training and Management Colleges in the regional capital Gunung Sitoli. This tragedy happened less than six months after the deadly Boxing Day Tsunami of December 26th 2004 which killed over 300,000 people in Sumatra. The total amount contributed by ACPET members for the Nias scholarship was $A25,000.00.

ACPET had earlier initiated a tsunami victim scholarship program at Al Muslim University in the province of Bireun in North Eastern Aceh. Under this project full tuition scholarships were provided for 322 students to allow them to continue their studies at the private University in Bireun. The total amount contributed by ACPET members for the Aceh scholarship was $A75, 000.00 so in total $A100, 000.00 has been contributed by ACPET to the tsunami and earthquake victims in Sumatra. This is a magnificent response and has been warmly applauded by the Indonesian and Australian governments, the Australian Embassy and the recipient communities.

ACPET member and Associate Director of the Asean Focus Group Michael Fay has assisted in coordinating this project over the past two and a half years. On his most recent trip to Indonesia Michael was able to complete the agreed ACPET contribution to the Nias project and his report follows:

On Thursday January 17th I met with M/s Silvana Sinar the coordinator of private education and training for the provinces of North Sumatra and Aceh together with the rector of IKIP (Teacher Training College ) Gunung Sitoli, Nias and the Australian Honorary Consul for North and West Sumatra Mr Mick Stevens.

A cheque from Acpet was handed over to the rector made out to IKIP Gunung Sitoli for the outstanding amount of 53,550.000 Indonesian rupiah (approx AUD 6,694).This completes the agreed payment for student fees under the ACPET Nias Scholarship.

It was agreed as per the spirit of the agreement that the surplus amount 2,912,700 Indonesian rupiah (approx AUD 364) would be used to assist in funding a two day teacher training workshop at Gunung Sitoli Teacher Training College by the Australia Centre Medan in the first half of 2008.This workshop will assist up to 15 English language teachers working at the college to develop their English language teaching skills. The Indonesian side has agreed to contribute one return airfare for a teacher trainer and accommodation for 3 nights.

I am pleased to report that the scholarship program has been successfully concluded and reflects very favourably on ACPET and all parties involved. In particular I would like to thank the Australian honorary consul in Medan Mr Mick Stevens for his ongoing support and the ACPET national chair for championing this generous response within ACPET.

It is hoped some of the heads of private education and training from various Indonesian provinces will attend the ACPET National Conference in Hobart in August 2008


The rector of IKIP Gunung Sitoli , Private Education and Training head Silvana Sinar and Mick Stevens at the Australia Centre Medan (photo by Michael Fay)

 

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ASIAN PERSPECTIVES 2007

05-Feb-2008 - THE RESULTS OF A SURVEY ON THE VIEWS WHICH ASIA FOCUSSED BUSINESS PEOPLE HOLD ON THE BUSINESS CLIMATE IN ASIA.

This survey was conducted during December 2007, with the objective to evaluate the perceptions which Australian and New Zealand business hold about Asia, with specific reference to Thailand, as a commercial target and business partner. It is one in an ongoing series which allow the perceptions to be monitored over time.

The survey was conducted by Glen Robinson and Mitchell Brown of Asean Focus Group. Glen Robinson is a founder and has been an executive director of AFG for over 17 years, and as such has advised and assisted many companies which wished to establish or enhance a commercial presence in Asia.

The number of participants this year was an all-time record, giving us a lot of confidence that the results are representative of the perceptions and feelings of those who have existing or aspirations to have commercial contact with Asia, and in this case Thailand in particular. It is interesting that the results are very positive and encouraging, despite the political turmoil during the year.

This survey will be published in the March issue of Advance, a publication produced and distributed by the Thailand office of The Australian Chamber of Commerce (AustCham) and the Australian Thai Business Council.

Click here to download Asian Perspectives 2007 (pdf)

 

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DUA AFG ADVISES MORELLATO & SECTOR ON JOINT VENTURE IN INDIA

25-Nov-2007 - Asean Focus Group's Indian affiliate, Dua AFG, has successfully partnered with Cavour Corporate Finance of Italy to complete a joint venture transaction between Morellato & Sector and Gitanjali Gems.

Morellato & Sector, manufacturer of jewellery and watches with brands including Pirelli P0, Cavalli, Just Cavalli, Miss Sixty, Moschino and John Galliano, has finalised a joint venture with Gitanjali Gems, one of India's largest jewellery retailers. The joint venture will distribute the watch and jewellery brands of the Italian group in India. The deal will see 50 new retail outlets opened in the next three years.


Press Release follows:


Gitanjali Gems forms JV with Italy's Morellato

20 November 2007
Reuters News
(c) 2007 Reuters Limited

MUMBAI, Nov 20 (Reuters) - Jewellery retailer and manufacturer Gitanjali Gems Ltd on Tuesday signed an equal joint venture with Italian jeweller and watch maker Morellato & Sector Group.

The total investment in Morellato India Pvt Ltd, formed through Morellato's subsidiary, Armo Netherlands Finance B.V., would be $15-20 million, Gitanjali Gems said in a statement.

The venture would distribute watch and jewellery brands of the Italian group in India.

"We strongly believe that in the changing retail scenario, there is a huge potential for growth in the branded jewellery and lifestyle segment," Gitanjali Gems Chairman Mehul Choksi said.

"The entry into the Indian market will allow us to protect our position with greater force in the Far East, an area that is witnessing exceptional growth," Massimo Carraro, Chief Executive Officer of Morellato & Sector said. It has 26 stores in China.

Morellato makes jewellery and watches under its own brands and under licence for fashion groups Cavalli, Miss Sixty and Moschino.

Gitanjali Gems also plans to assemble watches in India in 2009 using the technical support of Morellato group, Shashank Pathak, Vice President-Retail of Gitanjali's retail arm, Gitanjali Lifestyle said.

"Morellato, Miss Sixty and Just Cavalli--these are the three brands we are aiming to assemble in India," he said.

He added that Gitanjali Lifestyle would roll out its multibrand watch stores, Bezel, with the first launch in December in Ludhiana.

"We shall open 24 (Bezel) company owned and franchised stores across India by year 2008," Pathak said.

 

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