Route finderOver the past decade, the region's largest low-cost carrier has revolutionised the way Asians travel. Will its success story continue in 2012? "Now everyone can fly,” is the airline’s proud boast, and AirAsia’s red and white planes have become symbolic of one of the region’s most impressive success stories – one born of good timing and business acumen that has shifted Asia’s approach to travel. A heavily indebted state carrier at the turn of the century, former music industry executive Tony Fernandes bought the airline for a symbolic sum of one ringgit ($0.26, in 2001), and in return was guaranteed indefectible government support at a time when the regional market was recovering from the 1997 economic crisis and gradually embracing liberalisation. Full Story
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Down the drainJakarta's disastrous water privatization deal has left the city drowning in debt. Jakarta is not exactly a modern masterpiece. Dirty and polluted, there is trash everywhere, and garbage floats about in open-air sewers. Overpopulated and congested, it regularly places highly on lists of cities with the worst traffic. Between the roadways are strange half-built pylons, constructed for an abandoned monorail project, rising up like metallic trees. New FrontiersOne of Cambodia’s communication pioneers continues to push the country’s connectivity. You may not have seen Paul Blanche-Horgan, but he and his employees may well have seen you. As CEO of Ezecom, he is the man responsible for establishing numerous traffic and security cameras across Phnom Penh, a road-safety initiative that recently attracted the attention of Prime Minister Hun Sen. To date there are 12 traffic and security cameras situated at Phnom Penh’s main arteries. They have been in place for almost two years and have been shown live on TV news programmes. Tax huntBrewing profitsWith one of the highest beer consumption rates in the world, foreign brands are scrambling to get a slice of this lucrative market. Winging waysIan Watson on his plans to make Refresh Mobile the “PayPal of Cambodia”. Cambodia’s mobile market, arguably one of the most cut-throat in the world, is peculiar indeed. In a country of 14.7 million, there are no less than nine operators and plenty of top-up scratch cards but… no coins to scratch them. Number Crunch - JanuaryAccording to the Ministry of Labour, some Vietnamese state-owned enterprises (SOEs) pay employees three to four times more than other SOEs. Public companies in forestry, coffee, textiles and garments offer $116 a month to their workers while peers in oil and gas, post and telecoms, finance and banking, and construction pay an average monthly wage of $389. WealthcarePrivate hospitals are capitalising on strained Western health services and rising Asian incomes. "Specially for you” reads an advertisement by a Singaporean hospital in one of Cambodia’s national English-language newspapers. It is illustrated with a present box and offers a complimentary first consultation with a specialist and a 10% discount on facilities fees. |









