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AS159 Asia Today 2005 Template 25TH YEAR OF PUBLICATION FEBRUARY/MARCH 2008 Lessons in the ® perils of a single market – Meinhart’s Shahzad Nasim THETHE LEIGHTONLEIGHTON STRATEGYSTRATEGY FFOROR GROWTHGROWTH asiatodayinternational.com CFO Scott Charlton Annual subscription including password access to ASIA TODAY ONLINE, Australia AUD250 (including GST), Asia/Europe/USA/Canada USD280. Print Post Approved PP240725/00001 15 - 17 April 2008 Suntec, Singapore International Convention & Exhibition Centre The International Property Investment And Development Event Hear from over 85 speakers including... Cityscape Asia Conference Cheong Koon Hean Dato’ Ikmal Hijaz Christopher Tang Heiko Davids Ho Kwon Ping Truong Trong Nghia CEO Hashim CEO Chief Investment Officer Executive Chairman President Urban Redevelopment CEO Frasers Centrepoint Rutley Russia Property Banyan Tree Group Investment and Trade Authority of Iskandar Regional Asset Management and Asset Singapore Promotion Center Singapore, Singapore Development Singapore Management Co., Vietnam Authority, Malaysia Russia World Architecture Congress Prof. Philip Cox AO Keith Griffiths Raj Rewal Paul Noritaka Tange Akihiko Hamada Richard Hastilow, CBE Director Chairman Asia Principal Founder Senior Executive Chief Executive The Cox Group Aedas Raj Rewal & Tange Associates Officer & Principal The Royal Institute of Australia Hong Kong Associates Japan Architectural Design British Architects India Nikken Sekkei UK Japan ...and many more. 6,000+ Real Estate Professionals 53+ Countries Cityscape Asia Conference 150 Exhibitors 8,000 sqm Exhibition Interactive Workshops Real Estate Awards Cocktail Party World Architecture Congress www.cityscapeasia.com/afi Gold Sponsor WAC Associate Sponsor For details on how you can exhibit or sponsor at this event contact: For more information on the conferences or to register: Graham Wood (for International inquiries): Tel: +65 6514 3180 Tel: +971 4 407 2581 Fax: +971 4 335 1891 Email: [email protected] Email: [email protected] Volume 26 | No.1 | February / March 2008 ® 25th Year of Publication ADDRESSING Published in Australia since 1983. Published by Asia Today International Pty Limited (ABN 34 109 69 874). Office address: Level 29 Chifley Tower, 2 Chifley Square, Sydney NSW, Australia. Production Office: Suite 2a, 18-20 Waterloo Street, Narrabeen NSW 2101, Australia. Telephone (612) 9970-6477. Fax (61 2) 9913-2003. Mailing address (all THE BUSINESS INTERNATIONAL correspondence): Box N7, Grosvenor Place Post Office, Sydney NSW 1220, Australia. E-mail <[email protected]>. Website <www.asiatodayinternational.com>. ISSUES THAT Contents MATTER . ASIA TODAY INTERNATIONAL Magazine offers a different COVER REPORT perspective on Asia. We look forward, assessing issues 11-27 ENGINEERS, ARCHITECTS with potential to impact on LEAD OFFSHORE PUSH existing and potential busi- ness. We draw views and ENGINEERING has led the growth of perspectives from Asia’s most Australian professional firms offshore since 1997, when Asia’s economic influential business and government leaders - downturn caused them to look beyond decision-makers and policy-makers. We identify Asia – to the Middle East and even US emerging business opportunities. markets. In our special report, we exam- ine the strategies of key players in infra- structure development, and emerging SUBSCRIBE TODAY! issues in the market, including an esti- mated annual shortfall of US$200 billion Address to ASIA TODAY INTERNATIONAL in funding as Asia plays catch-up to Reply Paid 7, Grosvenor Place, NSW 1219 meet the needs of major new cities and AUSTRALIA. Or fax (61 2) 9913-2003. increasing urbanisation. Please enter my subscription to 11-13 GULF, INDONESIA, INDIA TO LEAD Leighton’s Scott Charlton – Happy ASIA TODAY INTERNATIONAL and to contribute equity as part of a ASIA TODAY ONLINE for one year. LEIGHTON GROWTH – Leighton Holdings winning strategy. has relocated its international Head Office to I enclose a cheque/credit card Dubai, and expects the Middle East to over- authorisation for $250.00 (inc GST), take Indonesia as its largest market outside Australia by end-2008. Chief Financial Officer, or US$280 (airmail outside Australia). Scott Charlton, says India will also be a major market over the medium-term. Bill me later 13-15 KOREA LEADS ON PPPS – South Korea leads Asia in the use of the private-public part- nership, but infrastructure demand could force more countries to adopt the concept. 15-16 MEINHARDT GOES GLOBAL – When the Singapore market Title: Mr Mrs Ms collapsed, Meinhardt learned not to rely on a single market, says Name: ________________________________ Shahzad Nasim, the firm’s International Managing Director. ______________________________________ 17-18 VIETNAM MOVING TO HIGH-PROFILE PROJECTS – GHD Country Manager, Glen Reinsch, says Vietnam – where GHD is Company:______________________________ looking to acquire a local business - is 10 years behind China on ______________________________________ infrastructure development, but will close the gap quickly. Address:_______________________________ 18-19 WOODHEAD PLUGS INTO AVIATION DESIGN – Australian architectural and design firm Woodhead International has seen its Shahzad Nasim ______________________________________ work on Singapore’s Changi Terminal 3 bring potential new proj- – Taking on the ects in India, Vietnam and Malaysia. Design skills are also driving global market. ______________________________________ rapid growth of BlueScope’s pre-engineered building division in Postcode: ______________________________ Malaysia. Email:_________________________________ 20-21 NEW AVIATION ERA FOR INDIA – Air traffic in India is growing by 25 per cent annu- ally, with the Government scrambling to upgrade aviation facilities through PPPs. ______________________________________ 22-23 LINKING THE GREATER MEKONG – New highways and railways will open up vast areas of Vietnam, Laos, Cambodia, Thailand, Myanmar and parts of China. In Korea, Am. Express Visa Mastercard Diners incoming President, Lee Myung Bak, is fast-tracking a US$15 billion Seoul-Busan canal. Account number: OPINION Cardholder’s Name: 5-6 PROPHECY AND ANALYSIS – Will the Soros prophecy panic the Mumbai and Shanghai markets? THAKSIN POWER – Will incoming Prime Minister Samak Sundaravej really be running Thailand at all? Expiry Date: / THE REGION Signature: 7 SUB-PRIME FALLOUT – S&P says a’triple-whammy’ is coming for Asian banks; Asia is our Moody’s says Asian central bankers are fence-sitting on rates; The Economist business Intelligence Unit believes emerging markets will offset an OECD credit crunch. INTERNATIONAL ONLINE All contents copyright © ASIA TODAY INTERNATIONAL 2008 ASIA TODAY INTERNATIONAL FEBRUARY/MARCH 2008 | 3 ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Leighton - hard at work in Asia & the Arabian Gulf ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• The Leighton Group - Australia’s largest project developer and contractor - has enjoyed working in Asia for over 35 years. In that time, the Leighton Group’s operating companies have undertaken, and continue to develop, some of the largest and most complex projects in Australia and Asia. Today, the Group has a broad footprint on the Asian continent through Leighton International, Leighton Asia and Thiess. Our operating companies are hard at work in countries as far afi eld as Qatar and the United Arab Emirates in the Arabian Gulf, India, Indonesia, Malaysia, Hong Kong, Macau, the Philippines, Thailand, Laos and Vietnam. Opportunities are also being considered in places like China, Taiwan, Korea, Mongolia and Guam. With around A$23.5 billion worth of work in hand, a strong balance sheet and over 29,000 employees, the Leighton Group is looking forward to its future in Asia. To fi nd out more about the Leighton Group, including our current projects and prospects, please visit our website at www.leighton.com.au 472 Pacific Highway, St Leonards NSW 2065, Australia T +61 2 9925 6666 F +61 2 9925 6005 W www.leighton.com.au E [email protected] Leighton AD Asia & The Gulf.indd 1 29/1/08 9:30:39 AM OPINION CHINA, INDIA HOLD ECONOMIC KEY Indeed, even if the ultimate Democrat or Republican candidates for the White House OF become born-again protectionists, there is lit- tle reason to believe their new-found faith would carry into the Presidency. And, even if PROPHECY it did, that the impact on the world economy would be as big as Soros suggests. AND China and India both continue to post phe- nomenal growth rates. More importantly, their growth rates now result from two factors that ANALYSIS have become more important than their trade with the US or Europe. From the pages of ASIA TODAY INTERNATIONAL The first of these is domestic consumption. FEBRUARY 1988 – Japan ‘recycles’ US$20 billion Indeed, part of the US economy’s woes have in aid for foreign projects; Philippines curbs soft IS THE WORLD returning to been created by record oil prices – which loans for industry; Indo-China a growing market for pushed past US$100 a barrel precisely agricultural consultants; Gold lures more miners to an equilibrium of 200 years because India and China’s huge energy the Philippines.
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