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Around Asias markets: Indonesia turns to bond sales

Around Asias markets: Indonesia turns to bond sales Munandar Arif is selling half his stock holdings and all his investments in bank deposits to buy bonds in Indonesias first debt sale targeted at individuals. Interest rates are falling and Id get less and less when I put my money in bank deposits, said Arif, a project manager for a company that designs Internet banking services in Jakarta. Stocks are a gamble, while these bonds give me peace of mind Ill get a guaranteed high return for at least three years. The government is turning to its wealthier citizens

Hong Leong Asia sells metal container business for S$54.2m

Hong Leong Asia sells metal container business for S$54.2m Hong Leong Asia is selling off its metal container business in China for S$54.2 million. The sum includes the disposal of its equity interests in Rex Metal Packaging in Malaysia and Qingdao Rex Packaging. Hong Leong Asia expects a gain of S$5.5 million from the divestment. It says the sale represents an opportunity to exit from the business and focus its resources on other opportunities which have better growth prospects. It plans to use the proceeds to fund the expansion plans of its green-pallet business in GPac Technology. More: channelnewsasia.com

HTC Star Trek Asia Availability: Dopod S300

HTC Star Trek Asia Availability: Dopod S300 It seems like all the cool phones are released in Asia and Europe, and some (eventually) make their way to the USA. But the good news is that HTCs Star Trek is for sale - at least in Asia. The Star Trek phone design could be the one that launches Windows Mobile devices into the mainstream. Its smaller than a RAZR, stores and plays music with dedicated music buttons on the outside case, and it will sync. your outlook contacts and e-mail. Whats not to like? And from a recent Business Week Online

China opens Asia’s longest land tunnel railway

China opens Asia's longest land tunnel railway China has commissioned the Wushaoling tunnel railway, the longest of its kind in Asia and a key facility in the Asia-Europe Land Bridge project in Gansu Province in north-western China. The 21.05-kilometre-long tunnel railway, which is more than 2,400 meters above sea level, is a key project for the Asia-Europe Land Bridge's 3,651-km-long section from Lianyungang in East China to Urumqi in Northwest China. Designed to allow speeds of 160 km per hour, the tunnel railway has shortened the distance between Dacaigou and Longgou, part of the long section, by 30.4 km. The right tunnel railway

ASIA FUND VIEW: ING Real Estate To Launch China Funds

ASIA FUND VIEW: ING Real Estate To Launch China Funds Looking to further tap into Chinas property market boom, ING Real Estate Investment Management is planning to launch two real estate funds in China in the next two years. ING Real Estate, a unit of ING Group N.V. (ING), is currently raising $200 million to $250 million for its China Opportunity Fund, Senior Director Richard Van Den Berg told Dow Jones Newswires. He expects the fund to complete its initial fund raising in June, with the main investors comprising institutions from the U.S., Europe and Asia. This would be ING Real