
So close, yet so farAsia is crucial to Australia's trade future, so why is it not investing more in the region? When Australia's Treasurer Wayne Swan announced in early April his decision to reject Singapore's stock exchange cash-and-shares bid for Australia's equivalent ASX, his message was straightforward. "Becoming a junior partner to a smaller regional exchange through this deal would risk us losing many of our financial sector jobs," he said. "So let's be clear. This is not a merger, it's a takeover that would see Australia's financial sector become a subsidiary to a competitor in Asia."
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Takeovers' upward trendA record number of merger and acquisition deals were signed in Vietnam last year, according to PricewaterhouseCoopers At $1.7 billion, the total value of the 345 deals is the highest ever recorded in Vietnam, and marks a 65% increase compared to 2009. Rubber quality gains recognitionPrivate eyeThe Vietnamese patientFundamental structural problems will continue to hamper economic growth On the surface, Vietnam's economic rise reads like a rags-to-riches story. From the ashes of nearly a century of colonial rule, followed by civil war and a decade of conflict with America, in just 35 years the country has reached middle-income status, meaning its citizens earn an average of at least $1,000 per year. Two-wheelers hit townThe sweetest thingWith ever-growing global demand for chocolate and political turmoil in Africa affecting cocoa supply, is the time ripe for Southeast Asia to take a bigger bite of the industry? When the price of cocoa fell to a monthly average of $2,875 per tonne last September, many observers saw it as a setback for Armajaro. In July 2010, this London-based hedge fund had bought 240,000 tonnes of the beans – 7% of the world's annual production, enough to make more than five billion small chocolate bars. Magic in the makingAfter 10 years of talks, Shanghai government officials and executives from Walt Disney have broken ground on mainland China's first Disneyland amusement park The $4 billion resort, expected to open in late 2015 or early 2016, is shrouded in secrecy — in part to prevent knockoff rides by rival Asian theme parks, which happened before Hong Kong Disneyland's 2005 opening.
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