Equis Weekly Newsletter 20 May 2011 Issue No.

16 Regional Leaders:

CHINA Economy Emerging economies set to reshape world landscape: WB more GDP growth target too low: PBOC adviser more China's 2011 trade surplus may drop to $100b more FDI rises 26% in China in first 4 months more Regulatory & Policies Rules may let overseas yuan return: Central Bank more Infrastructure Several Chinese provinces to raise on-grid power prices more PetroChina to expand overseas, eyes progress in Sino-Russian pipeline more Chinese firm wins Cameroon hydropower bidding more China's nuclear projects approval to be restarted more China to spend $23m to ensure nuke safety more Expert: Power goal is attainable more Project to end Tibets power shortages more Chinese coal producer reaps huge profits from CTL project more China power consumption growth rate slows in April, but strong demand in western regions more

INDIA Economy Market cap-to-GDP ratio touches record 132% in FY11 more Inflation eases to 8.6%, but fears build up after fuel price hike more India to get huge opportunities in services sector in Asean more India, US start $50 million fund for clean technology more Regulatory & Policies Govt decides to stop tax incentive scheme for exports more Decision on FDI in multi-brand retail soon: Scindia more Infrastructure Suzlon expects emerging economies to push sales more France wants greater investment in Indian infrastructure more Gamesa wind turbines bags $2 bn order from Capro energy more Will complete expansion projects worth $4.9 bn in 2011: Essar more Larsen & Turbo get $780 mn order for 1,080 MW power plant more Gayatri projects to invest Rs 9.94 bn in power project more

VIETNAM Economy Vietnam rice exports rise 20% year to date more Vietnams seafood export turnover soars 28% more Regulatory & Policies Vietnam central bank raises OMO interest rate to 15% more Vietnam plans to end dollarization completely by 2013 more Infrastructure Lai Chau hydropower plant contract signed more

INDONESIA Economy Government increases 2011 growth target to 6.5% more Indonesia expects 2012 budget deficit at 1.4% of GDP more Regulatory & Policies Gas development remains government focus more Infrastructure Bina Puri powers up in Indonesia more Indonesia may use giant floating dock from japan to boost coal shipments more Gezhouba to build hydroelectric power plant in Indonesia more Price may increase 15% next year more

PHILIPPINES Economy Philippines lifts 2010 economy growth figure to 7.6% more Infrastructure National renewable board listed recommended Feed-in tariff rates more Northern Luzon UPC Asia Corp invests $250 m in two wind projects more Foreign investors expected to power Philippines green energy more National renewable board is pushing for 100 MW of solar power more

MALAYSIA Economy Malaysian economy grows 4.6% in first quarter more Malaysia unveils plan to build 'green economy' more Regulatory & Policies Slowing Malaysian growth, faster inflation pose policy challenge more Infrastructure Malaysia Petronas plans $20-billion refining, petrochemicals complex more

THAILAND Economy Thailands economic growth probably accelerated, adding rate-rise pressure more Infrastructure Japan relying on Thailand for electricity more Thai government pension fund board approved THB 3.7 billion investment in infrastructure more Kasikornbank to lead big solar project financing more

Equis Weekly Newsletter 20 May 2011 Issue No. 16 Developed Economies:

AUSTRALIA Infrastructure LCW Private Equity in talks with Hastie Group more Transfield sells US unit for $US225m more Accept urban plan or else: Albanese warns more More efficient productivity demand from Energy Minister more Brown coal to power ahead, failing buyout more Aquila keen to start alone on building iron ore port more

JAPAN Infrastructure Why Japan's Shift Away from Nuclear Is Good for Business more Law enacted to integrate management of Osaka, Kansai airports more ANA replaces JAL as top Japan carrier in FY 2010 passenger traffic more Japan officials deny asking for Tepco loan waiver more

Developing Countries:

MONGOLIA Infrastructure Russia to supply enough diesels this month more

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