Code Context ?>
<?php endif; ?>
<p style="padding-bottom:5px">By <?php echo join(',',$att); ?><br> - via <a href="https://<?php echo $urlParse['host']; ?>" style="font-family:Myriad-pro;font-weight:normal"><?php echo $news['Article']['Source']['name']; ?></a> <?php echo date('M d, Y', strtotime($news["Article"]['Article']['publication_date'])); ?></p>
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'description_old' => 'When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the Taiwan Stock Exchange (TWSE) has served as the island nation's definitive economic benchmark.',
'description' => 'When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the Taiwan Stock Exchange (TWSE) has served as the island nation's definitive economic benchmark.',
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'content_old' => '<p>When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the <a href="http://www.twse.com.tw/en/" target="_blank">Taiwan Stock Exchange (TWSE)</a> has served as the island nation's definitive economic benchmark.</p>
<p>With strict attention paid to corporate governance reporting standards and strong economic upturn, Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. This is evidenced in the growth of TWSE's main index, which hit the 10,000 ceiling on May 11.</p>
<p>TWSE Chairman Jun-ji Shih knows what it takes not only to realize this record high but also to sustain that growth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Taiwan%202017/TWSE-Photo.jpg" alt="" width="442" height="452" /><figcaption class="image-caption">Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. </figcaption></figure>
<p style="text-align: left;">"One factor is economic performance, and we think that performance should be able to support the growth of the stock market. Other factors include the inflow of foreign funds and the contribution of individual domestic investors to enhance capital market surplus. The last decade has seen a steady climb in institutional investors, with this group having 40% of the overall holdings of the Taiwan market.”</p>
<p>At the end of June 2017, the TWSE reported 837 domestic listed companies and 64 foreign primary listed companies. Taiwan's well-known strength in high tech has also contributed to the stock market progress with globally-recognized giants <a href="http://www.tsmc.com/english/default.htm" target="_blank">Taiwan Semiconductor Manufacturing Company</a> and <a href="http://www.foxconn.com/" target="_blank">Hon Hai Precision (Foxconn)</a> being listed on TWSE. Biotech is also active, and the bourse has the highest number of listed biotech companies in Asia.</p>
<p>"Taiwan's position as a leading global supply chain gives our market many advantages with international linkage thro ugh Asia and worldwide. Our advanced ICT ecosystem enterprises are an integral part of our success. Investors in these companies enjoy the benefits of Taiwan's transparency and shareholder protection, while easily accessing other markets in the region and beyond,” noted Shih.</p>
<p>External recognition of Taiwan's advances in corporate governance by global reporting bodies shows yet another side of Taiwan's market strength. It is well worth mentioning that <a href="http://www.robecosam.com/en/sustainability-insights/about-sustainability/country-sustainability-ranking/" target="_blank">2016 was the first year Taiwan made the Robeco SAM Country Sustainability Ranking</a>. This is significant because when Taiwan was ranked, it was in the top third. Taiwan also placed first in APAC in Bloomberg's ESG category as well as rising to the 4th place position in ACGA's most recent survey.</p>
<p>"The ultimate goal of the TWSE is to provide trading value growth and consistently high dividend yields in the 4% range. Our listed companies also have reasonable P/E ratios; both of these are factors that continue to draw foreign investors to our market," Shih added.</p>
<p>Looking to the future, Shih is active in building greater collaboration with the international community to further strengthen Taiwan's investment environment. This involves working closely with other exchanges like Japan, Korea, Malaysia and NASDAQ with whom strong ties are held. Promoting the advantages of investing in Taiwan is also a key strategy, which entails roadshows in all regions of the world that include New York, London, Hong Kong and Singapore. With all this momentum in place, the TWSE is poised to deliver.</p>',
'content' => '<p>When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the <a href="http://www.twse.com.tw/en/" target="_blank">Taiwan Stock Exchange (TWSE)</a> has served as the island nation's definitive economic benchmark.</p>
<p>With strict attention paid to corporate governance reporting standards and strong economic upturn, Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. This is evidenced in the growth of TWSE's main index, which hit the 10,000 ceiling on May 11.</p>
<p>TWSE Chairman Jun-ji Shih knows what it takes not only to realize this record high but also to sustain that growth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Taiwan%202017/TWSE-Photo.jpg" alt="" width="442" height="452" /><figcaption class="image-caption">Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. </figcaption></figure>
<p style="text-align: left;">"One factor is economic performance, and we think that performance should be able to support the growth of the stock market. Other factors include the inflow of foreign funds and the contribution of individual domestic investors to enhance capital market surplus. The last decade has seen a steady climb in institutional investors, with this group having 40% of the overall holdings of the Taiwan market.”</p>
<p>At the end of June 2017, the TWSE reported 837 domestic listed companies and 64 foreign primary listed companies. Taiwan's well-known strength in high tech has also contributed to the stock market progress with globally-recognized giants <a href="http://www.tsmc.com/english/default.htm" target="_blank">Taiwan Semiconductor Manufacturing Company</a> and <a href="http://www.foxconn.com/" target="_blank">Hon Hai Precision (Foxconn)</a> being listed on TWSE. Biotech is also active, and the bourse has the highest number of listed biotech companies in Asia.</p>
<p>"Taiwan's position as a leading global supply chain gives our market many advantages with international linkage thro ugh Asia and worldwide. Our advanced ICT ecosystem enterprises are an integral part of our success. Investors in these companies enjoy the benefits of Taiwan's transparency and shareholder protection, while easily accessing other markets in the region and beyond,” noted Shih.</p>
<p>External recognition of Taiwan's advances in corporate governance by global reporting bodies shows yet another side of Taiwan's market strength. It is well worth mentioning that <a href="http://www.robecosam.com/en/sustainability-insights/about-sustainability/country-sustainability-ranking/" target="_blank">2016 was the first year Taiwan made the Robeco SAM Country Sustainability Ranking</a>. This is significant because when Taiwan was ranked, it was in the top third. Taiwan also placed first in APAC in Bloomberg's ESG category as well as rising to the 4th place position in ACGA's most recent survey.</p>
<p>"The ultimate goal of the TWSE is to provide trading value growth and consistently high dividend yields in the 4% range. Our listed companies also have reasonable P/E ratios; both of these are factors that continue to draw foreign investors to our market," Shih added.</p>
<p>Looking to the future, Shih is active in building greater collaboration with the international community to further strengthen Taiwan's investment environment. This involves working closely with other exchanges like Japan, Korea, Malaysia and NASDAQ with whom strong ties are held. Promoting the advantages of investing in Taiwan is also a key strategy, which entails roadshows in all regions of the world that include New York, London, Hong Kong and Singapore. With all this momentum in place, the TWSE is poised to deliver.</p>',
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'description_old' => 'Thanks to Texas' proximity to the emerging markets of Central and South America, several major Japanese companies with significant investments in Latin America have set up operations in the state. Japanese companies also regard Texas as a manufacturing and research hub because of its highly skilled workforce and a healthy appetite for risk taking among Texans.
Javier Mazon, a Texas-based consultant and former Texas Instruments executive for Latin America, talks about why investing in Latin America makes sense for Japanese companies.',
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Javier Mazon, a Texas-based consultant and former Texas Instruments executive for Latin America, talks about why investing in Latin America makes sense for Japanese companies.',
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'content_old' => '<p>As an overall market, Latin America is usually broken down into four major regions: Mexico, South America, Central America, and the Caribbean. Collectively, Latin America continues to provide huge business opportunities for Japan, whose exports to the region are valued at more than $28.7 billion every year. </p>
<p>For Japanese companies, high market growth opportunities are still emerging in several industrial sectors across Latin America with an aggregate market of more than 630 million consumers. This year, GDP growth for the region is predicted to surge to 2.2% from 1.3% in 2017.</p>
<p>And with emerging markets still driving global economic growth, Latin America is expected provide among the best performers. This year, GDP growth in the region is predicted to grow at its fastest pace since 2013, when regional GDP growth reached 2.9 %. The individual country projections for 2018 are: Chile (2.8%), Brazil (2.0%), Peru (2.9%), Colombia (2.6%), and Mexico (2.4%).</p>
<figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Texas%202018/Javier-Mazon-.jpg" alt="" width="288" height="432" /><figcaption class="image-caption">Group Lamerica President and General Manager Javier A. Manzon </figcaption></figure>
<p>The factors favoring investment in Latin America include growing economic stability; a young and educated workforce; an expanding middle class; more democratic political institutions; more open trade conditions; increasing international investments and established active operations.</p>
<p>Japanese companies have a history in the region. From the 1960s, trade between Japan and Latin America has experienced substantial growth, driven by demand for natural resources and the competitive labor costs in manufacturing. By 2015, Japanese investment had expanded into the services sectors.</p>
<p>Relations between Latin America and Asia, particularly Japan, encompass trade and foreign direct investment in a range of industries that benefit both sides and bely a wide-held notion that trade and integration are only about commodities-for-manufacturing.</p>
<p>The most recent effort to further open trade opportunities is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a revival of the abandoned Trans-Pacific Partnership.</p>
<p>The CPTPP is a trade agreement agreed to in principle in January 2018 between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam and signed in March 2018 in Santiago, Chile. </p>
<p>This new agreement, coupled with continuing successes from on-going arrangements, will focus on the role of companies and governments in seeking new areas of mutually beneficial trade and investment and encouraging a broader distribution of developmental gains.</p>
<p>The outlook for opportunities is very positive and well worth consideration by Japanese businesses looking for strategic expansion into Latin America.</p>
<p><em>(Ed. Note: <a href="mailto:jmazon@grouplamerica.com" target="_blank">Javier A. Mazon</a> is president and general manager of </em><a href="http://www.grouplamerica.com/" target="_blank"><em>Group Lamerica</em>,</a><em> an American business consultancy and operational services company)</em></p>',
'content' => '<p>As an overall market, Latin America is usually broken down into four major regions: Mexico, South America, Central America, and the Caribbean. Collectively, Latin America continues to provide huge business opportunities for Japan, whose exports to the region are valued at more than $28.7 billion every year. </p>
<p>For Japanese companies, high market growth opportunities are still emerging in several industrial sectors across Latin America with an aggregate market of more than 630 million consumers. This year, GDP growth for the region is predicted to surge to 2.2% from 1.3% in 2017.</p>
<p>And with emerging markets still driving global economic growth, Latin America is expected provide among the best performers. This year, GDP growth in the region is predicted to grow at its fastest pace since 2013, when regional GDP growth reached 2.9 %. The individual country projections for 2018 are: Chile (2.8%), Brazil (2.0%), Peru (2.9%), Colombia (2.6%), and Mexico (2.4%).</p>
<figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Texas%202018/Javier-Mazon-.jpg" alt="" width="288" height="432" /><figcaption class="image-caption">Group Lamerica President and General Manager Javier A. Manzon </figcaption></figure>
<p>The factors favoring investment in Latin America include growing economic stability; a young and educated workforce; an expanding middle class; more democratic political institutions; more open trade conditions; increasing international investments and established active operations.</p>
<p>Japanese companies have a history in the region. From the 1960s, trade between Japan and Latin America has experienced substantial growth, driven by demand for natural resources and the competitive labor costs in manufacturing. By 2015, Japanese investment had expanded into the services sectors.</p>
<p>Relations between Latin America and Asia, particularly Japan, encompass trade and foreign direct investment in a range of industries that benefit both sides and bely a wide-held notion that trade and integration are only about commodities-for-manufacturing.</p>
<p>The most recent effort to further open trade opportunities is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a revival of the abandoned Trans-Pacific Partnership.</p>
<p>The CPTPP is a trade agreement agreed to in principle in January 2018 between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam and signed in March 2018 in Santiago, Chile. </p>
<p>This new agreement, coupled with continuing successes from on-going arrangements, will focus on the role of companies and governments in seeking new areas of mutually beneficial trade and investment and encouraging a broader distribution of developmental gains.</p>
<p>The outlook for opportunities is very positive and well worth consideration by Japanese businesses looking for strategic expansion into Latin America.</p>
<p><em>(Ed. Note: <a href="mailto:jmazon@grouplamerica.com" target="_blank">Javier A. Mazon</a> is president and general manager of </em><a href="http://www.grouplamerica.com/" target="_blank"><em>Group Lamerica</em>,</a><em> an American business consultancy and operational services company)</em></p>',
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'description_old' => 'Entering their 105th anniversary, relations between Colombia and Japan have assumed a higher profile over the last few years with high-level trips by officials from both countries, including a state visit to Tokyo by Colombian President Juan Manuel Santos in September 2011.
That year, Colombia and Japan signed the Agreement for the Promotion and Protection of Investment, the first step in continuing efforts to expand the coverage of their economic relations. The two sides have also just completed two rounds of negotiations in finalizing the Economic Partnership Agreement (EPA)...',
'description' => 'Entering their 105th anniversary, relations between Colombia and Japan have assumed a higher profile over the last few years with high-level trips by officials from both countries, including a state visit to Tokyo by Colombian President Juan Manuel Santos in September 2011.
That year, Colombia and Japan signed the Agreement for the Promotion and Protection of Investment, the first step in continuing efforts to expand the coverage of their economic relations. The two sides have also just completed two rounds of negotiations in finalizing the Economic Partnership Agreement (EPA)...',
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'tags' => 'Jose Manuel Santos, APPI, EPA, Colombia, Tokyo, National Planning Department, Kazuo Watanabe, Uribe, Bogota, Fumihiro Shimizu, BC Hoteles, Incolmotos-Yamaha, Canacol, FAM Group, Colombia Securities Exchange, Sony, Distribuidora Toyota, ',
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'content_old' => '<figure class="image-container floated-left" style="float: left;"><img style="float: left;" src="http://gmipost.com/img/uploads/Colombia%202013/Mid-Page-Cutter-Tall-Lead-Santos.jpg" alt="" width="358" height="500" /><figcaption class="image-caption">Colombian President Juan Manuel Santos</figcaption></figure>
<p>Entering their 105th anniversary, relations between Colombia and Japan have assumed a higher profile over the last few years with high-level trips by officials from both countries, including a state visit to Tokyo by Colombian President Juan Manuel Santos in September 2011.</p>
<p>That year, Colombia and Japan signed the <a href="http://www.meti.go.jp/english/press/2011/0909_02.html" target="_blank">Agreement for the Promotion and Protection of Investment</a>, the first step in continuing efforts to expand the coverage of their economic relations. The two sides have also just completed two rounds of <a href="http://www.mofa.go.jp/region/latin/colombia/epa.html" target="_blank">negotiations in finalizing the Economic Partnership Agreement (EPA)</a>, with a third round in Tokyo planned soon.</p>
<p>“Regarding the EPA, we are seeking a positive impact on national economic development. <a href="https://www.dnp.gov.co/" target="_blank">The National Planning Department</a> prepared a study on the impact of various trade agreements on the country. This study concluded that a trade agreement with Japan will add another 0.16 percent to GDP growth,” said President Santos.</p>
<p>Japanese Ambassador to Colombia Kazuo Watanabe agreed: “This is a very important aspect. If Japan can conclude this EPA with Colombia, it would indeed be a win-win situation.”</p>
<p>Over the past two decades, Colombia’s leaders have persisted in breaking away from the country’s troubled history, shedding its tarnished image, and solving its deeply rooted economic and social problems.</p>
<p>Today, it looks like their cumulative persistence has begun to pay off, with many observers noting that the biggest concerns of prospective foreign investors have been addressed.</p>
<p>“Since 2002, beginning with former President Uribe, and then under the current administration of President Santos, Colombia has tremendously increased its level of security,” said Fumihiro Shimizu, the representative of the <a href="http://www.jetro.go.jp/" target="_blank">Japan External Trade Organization (JETRO)</a> in Bogota.</p>
<p>But the process is far from over, as the country first needs to change the world’s perception.<br />“Colombia has so much to offer that the world just doesn’t know about yet,” admitted Jorge Alberto Duran, president of BC Hoteles, which operates an <a href="http://www.hotelalmirantecartagena.com.co/" target="_blank">award-winning hotel in the city of Cartagena</a>.</p>
<p>The observation is shared by several local businessmen.</p>
<p>“The first image they have of Colombia is that it is very dangerous. Under the leadership of former President Uribe, the security situation improved drastically. The challenge is to bring the Japanese to Colombia. Once they get here, they immediately fall in love with the country,” said <a href="http://www.incolmotos-yamaha.com.co/site/" target="_blank">Incolmotos-Yamaha</a> President Francisco Sierra, who also once served as ambassador of Colombia to Japan.</p>
<p><br />The steady improvement over the last several years has translated into consistent growth. Since 2003, the country has reported an average annual growth rate of 4 percent. In 2012, GDP growth reached 4 percent, just slightly above the regional average of 3.5 percent.<br />Reaffirming those figures, credit rating agency <a href="https://www.moodys.com/research/Moodys-changes-outlook-on-Colombias-government-bond-rating-to-positive--PR_277366" target="_blank">Moody’s has raised the outlook on Colombian government bonds to a “stable” BAA3</a>, a move that translated into increased foreign direct investment (FDI) valued at around $16 billion a year, with a significant amount going to the mining, energy, and oil and gas sectors.</p>
<p>“Colombia represents a very good investment opportunity not only in upstream oil and gas, but also in infrastructure. Obviously, Japan can bring quite a bit to the table in infrastructure projects,” said <a href="http://www.canacolenergy.com/s/home.asp" target="_blank">Canacol Energy</a> President and CEO Charle Gamba.<br />Colombia’s need for infrastructure development and Japan’s tried-and-tested know-how in the field provide lucrative avenues for bilateral cooperation.</p>
<blockquote style="float: right;">
<p>"If Japan can conclude this EPA with Colombia, it would indeed be a win-win situation,”</p>
<p><span style="font-size: 12pt;">- Kazuo Watanabe, Ambassador of Japan to Colombia</span></p>
</blockquote>
<p>“We can use the expertise of the Japanese in infrastructure development. Japan has one of the finest infrastructure networks in the world. We can take advantage of Japan’s extraordinary knowledge in this field,” stressed FAM Group President Carlos Guillermo Aragon Farkas.</p>
<p>Because of Colombia’s backlog in infrastructure development, the government can assure Japan of a long list of projects in need of investment.</p>
<p>“There is a growing expectation for infrastructure investment over the next 10 years. We should be seeing incrementally larger projects coming downstream.There is a lot of catching up to do,” noted Juan Pablo Cordoba, the president of the <a href="http://en.bvc.com.co/" target="_blank">Colombia Securities Exchange</a>.<br />The opportunity has not gone unnoticed by Japan.</p>
<figure class="image-container floated-left" style="float: left;"><img style="float: left;" src="http://gmipost.com/img/uploads/Colombia%202013/Mid-Page-Cutter-Tall-Lead-Watanabe.jpg" alt="" width="358" height="500" /><figcaption class="image-caption">Japan's Ambassador to Colombia Kazuo Watanabe</figcaption></figure>
<p>“The Japanese government and the private sector have an interest in infrastructure development here in Colombia. This is a vast country with three chains of mountains, making transport challenging, particularly between the east and west of the country. We hope that the Japanese public and private sectors can contribute to improving the infrastructure in Colombia,” said Ambassador Watanabe.</p>
<p>On the consumer side, the steady growth of the Colombian economy has led to a swelling middle-class, which has been spending more and aspiring for more.</p>
<p>“In the past 10 years, there have been great strides made in reducing poverty, and this growing middle class is responsible for pushing consumption higher not only of electronics but also of cars, houses, among other things. You now see many premium brands here in Colombia that you might not have seen 10 years ago,” said <a href="http://www.sony.com.co/" target="_blank">Sony Colombia</a> President Takashi Kawano.</p>
<p>Amid the growing prosperity, both countries have realized similarities between their peoples.</p>
<p>“Colombian workers are very diligent and hardworking, very much like the Japanese. There is high quality of the labor force here in Colombia, which is something that should be considered by Japanese investors,” said Ambassador Watanabe.<br />Other business owners agree, among them Federico Pfeil-Schneider, who has headed <a href="http://www.distoyota.com/home.php" target="_blank">Distribuidora Toyota</a> for 46 years.</p>
<p>Launched in 2012, the regional Pacific Alliance bloc has also become another investment incentive.</p>
<p>Made up of Colombia, Mexico, Peru and Chile, the trade bloc represents about 36 percent of Latin America’s GDP, estimated at $2 trillion.</p>
<p>“Doing business in Colombia not only gives you access to a market of 45 million people; through the Pacific Alliance, you also gain access to a 600 million person market,” said Francisco Guaqueta Hemelberg, the president of the Colombian-Japanese Chamber of Commerce.</p>
<p>The Colombian president stressed: “We want Colombia to be known for its high levels of investor confidence, which is seen in the record number of foreign investment in recent years.”</p>
<p>So, as efforts of the past two decades continue to bear fruit, it becomes clearer that when faced with the question of “where to invest in South America,” the answer becomes Colombia.</p>
<p> </p>
<p><span style="font-family: myriad-pro; font-size: 10pt;">- Note: This Special Report on Colombia originally appeared in <a href="http://www.japantimes.co.jp" target="_blank">The Japan Times</a> on August 30, 2013 (Credit: <a href="http://hk.linkedin.com/in/gmiphilippe" target="_blank">Philippe Le Saux</a> and Jose Sanchez)</span></p>',
'content' => '<figure class="image-container floated-left" style="float: left;"><img style="float: left;" src="http://gmipost.com/img/uploads/Colombia%202013/Mid-Page-Cutter-Tall-Lead-Santos.jpg" alt="" width="358" height="500" /><figcaption class="image-caption">Colombian President Juan Manuel Santos</figcaption></figure>
<p>Entering their 105th anniversary, relations between Colombia and Japan have assumed a higher profile over the last few years with high-level trips by officials from both countries, including a state visit to Tokyo by Colombian President Juan Manuel Santos in September 2011.</p>
<p>That year, Colombia and Japan signed the <a href="http://www.meti.go.jp/english/press/2011/0909_02.html" target="_blank">Agreement for the Promotion and Protection of Investment</a>, the first step in continuing efforts to expand the coverage of their economic relations. The two sides have also just completed two rounds of <a href="http://www.mofa.go.jp/region/latin/colombia/epa.html" target="_blank">negotiations in finalizing the Economic Partnership Agreement (EPA)</a>, with a third round in Tokyo planned soon.</p>
<p>“Regarding the EPA, we are seeking a positive impact on national economic development. <a href="https://www.dnp.gov.co/" target="_blank">The National Planning Department</a> prepared a study on the impact of various trade agreements on the country. This study concluded that a trade agreement with Japan will add another 0.16 percent to GDP growth,” said President Santos.</p>
<p>Japanese Ambassador to Colombia Kazuo Watanabe agreed: “This is a very important aspect. If Japan can conclude this EPA with Colombia, it would indeed be a win-win situation.”</p>
<p>Over the past two decades, Colombia’s leaders have persisted in breaking away from the country’s troubled history, shedding its tarnished image, and solving its deeply rooted economic and social problems.</p>
<p>Today, it looks like their cumulative persistence has begun to pay off, with many observers noting that the biggest concerns of prospective foreign investors have been addressed.</p>
<p>“Since 2002, beginning with former President Uribe, and then under the current administration of President Santos, Colombia has tremendously increased its level of security,” said Fumihiro Shimizu, the representative of the <a href="http://www.jetro.go.jp/" target="_blank">Japan External Trade Organization (JETRO)</a> in Bogota.</p>
<p>But the process is far from over, as the country first needs to change the world’s perception.<br />“Colombia has so much to offer that the world just doesn’t know about yet,” admitted Jorge Alberto Duran, president of BC Hoteles, which operates an <a href="http://www.hotelalmirantecartagena.com.co/" target="_blank">award-winning hotel in the city of Cartagena</a>.</p>
<p>The observation is shared by several local businessmen.</p>
<p>“The first image they have of Colombia is that it is very dangerous. Under the leadership of former President Uribe, the security situation improved drastically. The challenge is to bring the Japanese to Colombia. Once they get here, they immediately fall in love with the country,” said <a href="http://www.incolmotos-yamaha.com.co/site/" target="_blank">Incolmotos-Yamaha</a> President Francisco Sierra, who also once served as ambassador of Colombia to Japan.</p>
<p><br />The steady improvement over the last several years has translated into consistent growth. Since 2003, the country has reported an average annual growth rate of 4 percent. In 2012, GDP growth reached 4 percent, just slightly above the regional average of 3.5 percent.<br />Reaffirming those figures, credit rating agency <a href="https://www.moodys.com/research/Moodys-changes-outlook-on-Colombias-government-bond-rating-to-positive--PR_277366" target="_blank">Moody’s has raised the outlook on Colombian government bonds to a “stable” BAA3</a>, a move that translated into increased foreign direct investment (FDI) valued at around $16 billion a year, with a significant amount going to the mining, energy, and oil and gas sectors.</p>
<p>“Colombia represents a very good investment opportunity not only in upstream oil and gas, but also in infrastructure. Obviously, Japan can bring quite a bit to the table in infrastructure projects,” said <a href="http://www.canacolenergy.com/s/home.asp" target="_blank">Canacol Energy</a> President and CEO Charle Gamba.<br />Colombia’s need for infrastructure development and Japan’s tried-and-tested know-how in the field provide lucrative avenues for bilateral cooperation.</p>
<blockquote style="float: right;">
<p>"If Japan can conclude this EPA with Colombia, it would indeed be a win-win situation,”</p>
<p><span style="font-size: 12pt;">- Kazuo Watanabe, Ambassador of Japan to Colombia</span></p>
</blockquote>
<p>“We can use the expertise of the Japanese in infrastructure development. Japan has one of the finest infrastructure networks in the world. We can take advantage of Japan’s extraordinary knowledge in this field,” stressed FAM Group President Carlos Guillermo Aragon Farkas.</p>
<p>Because of Colombia’s backlog in infrastructure development, the government can assure Japan of a long list of projects in need of investment.</p>
<p>“There is a growing expectation for infrastructure investment over the next 10 years. We should be seeing incrementally larger projects coming downstream.There is a lot of catching up to do,” noted Juan Pablo Cordoba, the president of the <a href="http://en.bvc.com.co/" target="_blank">Colombia Securities Exchange</a>.<br />The opportunity has not gone unnoticed by Japan.</p>
<figure class="image-container floated-left" style="float: left;"><img style="float: left;" src="http://gmipost.com/img/uploads/Colombia%202013/Mid-Page-Cutter-Tall-Lead-Watanabe.jpg" alt="" width="358" height="500" /><figcaption class="image-caption">Japan's Ambassador to Colombia Kazuo Watanabe</figcaption></figure>
<p>“The Japanese government and the private sector have an interest in infrastructure development here in Colombia. This is a vast country with three chains of mountains, making transport challenging, particularly between the east and west of the country. We hope that the Japanese public and private sectors can contribute to improving the infrastructure in Colombia,” said Ambassador Watanabe.</p>
<p>On the consumer side, the steady growth of the Colombian economy has led to a swelling middle-class, which has been spending more and aspiring for more.</p>
<p>“In the past 10 years, there have been great strides made in reducing poverty, and this growing middle class is responsible for pushing consumption higher not only of electronics but also of cars, houses, among other things. You now see many premium brands here in Colombia that you might not have seen 10 years ago,” said <a href="http://www.sony.com.co/" target="_blank">Sony Colombia</a> President Takashi Kawano.</p>
<p>Amid the growing prosperity, both countries have realized similarities between their peoples.</p>
<p>“Colombian workers are very diligent and hardworking, very much like the Japanese. There is high quality of the labor force here in Colombia, which is something that should be considered by Japanese investors,” said Ambassador Watanabe.<br />Other business owners agree, among them Federico Pfeil-Schneider, who has headed <a href="http://www.distoyota.com/home.php" target="_blank">Distribuidora Toyota</a> for 46 years.</p>
<p>Launched in 2012, the regional Pacific Alliance bloc has also become another investment incentive.</p>
<p>Made up of Colombia, Mexico, Peru and Chile, the trade bloc represents about 36 percent of Latin America’s GDP, estimated at $2 trillion.</p>
<p>“Doing business in Colombia not only gives you access to a market of 45 million people; through the Pacific Alliance, you also gain access to a 600 million person market,” said Francisco Guaqueta Hemelberg, the president of the Colombian-Japanese Chamber of Commerce.</p>
<p>The Colombian president stressed: “We want Colombia to be known for its high levels of investor confidence, which is seen in the record number of foreign investment in recent years.”</p>
<p>So, as efforts of the past two decades continue to bear fruit, it becomes clearer that when faced with the question of “where to invest in South America,” the answer becomes Colombia.</p>
<p> </p>
<p><span style="font-family: myriad-pro; font-size: 10pt;">- Note: This Special Report on Colombia originally appeared in <a href="http://www.japantimes.co.jp" target="_blank">The Japan Times</a> on August 30, 2013 (Credit: <a href="http://hk.linkedin.com/in/gmiphilippe" target="_blank">Philippe Le Saux</a> and Jose Sanchez)</span></p>',
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'description_old' => 'When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the Taiwan Stock Exchange (TWSE) has served as the island nation's definitive economic benchmark.',
'description' => 'When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the Taiwan Stock Exchange (TWSE) has served as the island nation's definitive economic benchmark.',
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<p>With strict attention paid to corporate governance reporting standards and strong economic upturn, Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. This is evidenced in the growth of TWSE's main index, which hit the 10,000 ceiling on May 11.</p>
<p>TWSE Chairman Jun-ji Shih knows what it takes not only to realize this record high but also to sustain that growth.</p>
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<p style="text-align: left;">"One factor is economic performance, and we think that performance should be able to support the growth of the stock market. Other factors include the inflow of foreign funds and the contribution of individual domestic investors to enhance capital market surplus. The last decade has seen a steady climb in institutional investors, with this group having 40% of the overall holdings of the Taiwan market.”</p>
<p>At the end of June 2017, the TWSE reported 837 domestic listed companies and 64 foreign primary listed companies. Taiwan's well-known strength in high tech has also contributed to the stock market progress with globally-recognized giants <a href="http://www.tsmc.com/english/default.htm" target="_blank">Taiwan Semiconductor Manufacturing Company</a> and <a href="http://www.foxconn.com/" target="_blank">Hon Hai Precision (Foxconn)</a> being listed on TWSE. Biotech is also active, and the bourse has the highest number of listed biotech companies in Asia.</p>
<p>"Taiwan's position as a leading global supply chain gives our market many advantages with international linkage thro ugh Asia and worldwide. Our advanced ICT ecosystem enterprises are an integral part of our success. Investors in these companies enjoy the benefits of Taiwan's transparency and shareholder protection, while easily accessing other markets in the region and beyond,” noted Shih.</p>
<p>External recognition of Taiwan's advances in corporate governance by global reporting bodies shows yet another side of Taiwan's market strength. It is well worth mentioning that <a href="http://www.robecosam.com/en/sustainability-insights/about-sustainability/country-sustainability-ranking/" target="_blank">2016 was the first year Taiwan made the Robeco SAM Country Sustainability Ranking</a>. This is significant because when Taiwan was ranked, it was in the top third. Taiwan also placed first in APAC in Bloomberg's ESG category as well as rising to the 4th place position in ACGA's most recent survey.</p>
<p>"The ultimate goal of the TWSE is to provide trading value growth and consistently high dividend yields in the 4% range. Our listed companies also have reasonable P/E ratios; both of these are factors that continue to draw foreign investors to our market," Shih added.</p>
<p>Looking to the future, Shih is active in building greater collaboration with the international community to further strengthen Taiwan's investment environment. This involves working closely with other exchanges like Japan, Korea, Malaysia and NASDAQ with whom strong ties are held. Promoting the advantages of investing in Taiwan is also a key strategy, which entails roadshows in all regions of the world that include New York, London, Hong Kong and Singapore. With all this momentum in place, the TWSE is poised to deliver.</p>',
'content' => '<p>When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the <a href="http://www.twse.com.tw/en/" target="_blank">Taiwan Stock Exchange (TWSE)</a> has served as the island nation's definitive economic benchmark.</p>
<p>With strict attention paid to corporate governance reporting standards and strong economic upturn, Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. This is evidenced in the growth of TWSE's main index, which hit the 10,000 ceiling on May 11.</p>
<p>TWSE Chairman Jun-ji Shih knows what it takes not only to realize this record high but also to sustain that growth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Taiwan%202017/TWSE-Photo.jpg" alt="" width="442" height="452" /><figcaption class="image-caption">Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. </figcaption></figure>
<p style="text-align: left;">"One factor is economic performance, and we think that performance should be able to support the growth of the stock market. Other factors include the inflow of foreign funds and the contribution of individual domestic investors to enhance capital market surplus. The last decade has seen a steady climb in institutional investors, with this group having 40% of the overall holdings of the Taiwan market.”</p>
<p>At the end of June 2017, the TWSE reported 837 domestic listed companies and 64 foreign primary listed companies. Taiwan's well-known strength in high tech has also contributed to the stock market progress with globally-recognized giants <a href="http://www.tsmc.com/english/default.htm" target="_blank">Taiwan Semiconductor Manufacturing Company</a> and <a href="http://www.foxconn.com/" target="_blank">Hon Hai Precision (Foxconn)</a> being listed on TWSE. Biotech is also active, and the bourse has the highest number of listed biotech companies in Asia.</p>
<p>"Taiwan's position as a leading global supply chain gives our market many advantages with international linkage thro ugh Asia and worldwide. Our advanced ICT ecosystem enterprises are an integral part of our success. Investors in these companies enjoy the benefits of Taiwan's transparency and shareholder protection, while easily accessing other markets in the region and beyond,” noted Shih.</p>
<p>External recognition of Taiwan's advances in corporate governance by global reporting bodies shows yet another side of Taiwan's market strength. It is well worth mentioning that <a href="http://www.robecosam.com/en/sustainability-insights/about-sustainability/country-sustainability-ranking/" target="_blank">2016 was the first year Taiwan made the Robeco SAM Country Sustainability Ranking</a>. This is significant because when Taiwan was ranked, it was in the top third. Taiwan also placed first in APAC in Bloomberg's ESG category as well as rising to the 4th place position in ACGA's most recent survey.</p>
<p>"The ultimate goal of the TWSE is to provide trading value growth and consistently high dividend yields in the 4% range. Our listed companies also have reasonable P/E ratios; both of these are factors that continue to draw foreign investors to our market," Shih added.</p>
<p>Looking to the future, Shih is active in building greater collaboration with the international community to further strengthen Taiwan's investment environment. This involves working closely with other exchanges like Japan, Korea, Malaysia and NASDAQ with whom strong ties are held. Promoting the advantages of investing in Taiwan is also a key strategy, which entails roadshows in all regions of the world that include New York, London, Hong Kong and Singapore. With all this momentum in place, the TWSE is poised to deliver.</p>',
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'title' => 'TWSE: Cultivating Growth',
'description_old' => 'When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the Taiwan Stock Exchange (TWSE) has served as the island nation's definitive economic benchmark.',
'description' => 'When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the Taiwan Stock Exchange (TWSE) has served as the island nation's definitive economic benchmark.',
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'content_old' => '<p>When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the <a href="http://www.twse.com.tw/en/" target="_blank">Taiwan Stock Exchange (TWSE)</a> has served as the island nation's definitive economic benchmark.</p>
<p>With strict attention paid to corporate governance reporting standards and strong economic upturn, Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. This is evidenced in the growth of TWSE's main index, which hit the 10,000 ceiling on May 11.</p>
<p>TWSE Chairman Jun-ji Shih knows what it takes not only to realize this record high but also to sustain that growth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Taiwan%202017/TWSE-Photo.jpg" alt="" width="442" height="452" /><figcaption class="image-caption">Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. </figcaption></figure>
<p style="text-align: left;">"One factor is economic performance, and we think that performance should be able to support the growth of the stock market. Other factors include the inflow of foreign funds and the contribution of individual domestic investors to enhance capital market surplus. The last decade has seen a steady climb in institutional investors, with this group having 40% of the overall holdings of the Taiwan market.”</p>
<p>At the end of June 2017, the TWSE reported 837 domestic listed companies and 64 foreign primary listed companies. Taiwan's well-known strength in high tech has also contributed to the stock market progress with globally-recognized giants <a href="http://www.tsmc.com/english/default.htm" target="_blank">Taiwan Semiconductor Manufacturing Company</a> and <a href="http://www.foxconn.com/" target="_blank">Hon Hai Precision (Foxconn)</a> being listed on TWSE. Biotech is also active, and the bourse has the highest number of listed biotech companies in Asia.</p>
<p>"Taiwan's position as a leading global supply chain gives our market many advantages with international linkage thro ugh Asia and worldwide. Our advanced ICT ecosystem enterprises are an integral part of our success. Investors in these companies enjoy the benefits of Taiwan's transparency and shareholder protection, while easily accessing other markets in the region and beyond,” noted Shih.</p>
<p>External recognition of Taiwan's advances in corporate governance by global reporting bodies shows yet another side of Taiwan's market strength. It is well worth mentioning that <a href="http://www.robecosam.com/en/sustainability-insights/about-sustainability/country-sustainability-ranking/" target="_blank">2016 was the first year Taiwan made the Robeco SAM Country Sustainability Ranking</a>. This is significant because when Taiwan was ranked, it was in the top third. Taiwan also placed first in APAC in Bloomberg's ESG category as well as rising to the 4th place position in ACGA's most recent survey.</p>
<p>"The ultimate goal of the TWSE is to provide trading value growth and consistently high dividend yields in the 4% range. Our listed companies also have reasonable P/E ratios; both of these are factors that continue to draw foreign investors to our market," Shih added.</p>
<p>Looking to the future, Shih is active in building greater collaboration with the international community to further strengthen Taiwan's investment environment. This involves working closely with other exchanges like Japan, Korea, Malaysia and NASDAQ with whom strong ties are held. Promoting the advantages of investing in Taiwan is also a key strategy, which entails roadshows in all regions of the world that include New York, London, Hong Kong and Singapore. With all this momentum in place, the TWSE is poised to deliver.</p>',
'content' => '<p>When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize its investment environment. For more than 50 years, the <a href="http://www.twse.com.tw/en/" target="_blank">Taiwan Stock Exchange (TWSE)</a> has served as the island nation's definitive economic benchmark.</p>
<p>With strict attention paid to corporate governance reporting standards and strong economic upturn, Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. This is evidenced in the growth of TWSE's main index, which hit the 10,000 ceiling on May 11.</p>
<p>TWSE Chairman Jun-ji Shih knows what it takes not only to realize this record high but also to sustain that growth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Taiwan%202017/TWSE-Photo.jpg" alt="" width="442" height="452" /><figcaption class="image-caption">Taiwan has a well-earned reputation as a preferred investment destination both at home and abroad. </figcaption></figure>
<p style="text-align: left;">"One factor is economic performance, and we think that performance should be able to support the growth of the stock market. Other factors include the inflow of foreign funds and the contribution of individual domestic investors to enhance capital market surplus. The last decade has seen a steady climb in institutional investors, with this group having 40% of the overall holdings of the Taiwan market.”</p>
<p>At the end of June 2017, the TWSE reported 837 domestic listed companies and 64 foreign primary listed companies. Taiwan's well-known strength in high tech has also contributed to the stock market progress with globally-recognized giants <a href="http://www.tsmc.com/english/default.htm" target="_blank">Taiwan Semiconductor Manufacturing Company</a> and <a href="http://www.foxconn.com/" target="_blank">Hon Hai Precision (Foxconn)</a> being listed on TWSE. Biotech is also active, and the bourse has the highest number of listed biotech companies in Asia.</p>
<p>"Taiwan's position as a leading global supply chain gives our market many advantages with international linkage thro ugh Asia and worldwide. Our advanced ICT ecosystem enterprises are an integral part of our success. Investors in these companies enjoy the benefits of Taiwan's transparency and shareholder protection, while easily accessing other markets in the region and beyond,” noted Shih.</p>
<p>External recognition of Taiwan's advances in corporate governance by global reporting bodies shows yet another side of Taiwan's market strength. It is well worth mentioning that <a href="http://www.robecosam.com/en/sustainability-insights/about-sustainability/country-sustainability-ranking/" target="_blank">2016 was the first year Taiwan made the Robeco SAM Country Sustainability Ranking</a>. This is significant because when Taiwan was ranked, it was in the top third. Taiwan also placed first in APAC in Bloomberg's ESG category as well as rising to the 4th place position in ACGA's most recent survey.</p>
<p>"The ultimate goal of the TWSE is to provide trading value growth and consistently high dividend yields in the 4% range. Our listed companies also have reasonable P/E ratios; both of these are factors that continue to draw foreign investors to our market," Shih added.</p>
<p>Looking to the future, Shih is active in building greater collaboration with the international community to further strengthen Taiwan's investment environment. This involves working closely with other exchanges like Japan, Korea, Malaysia and NASDAQ with whom strong ties are held. Promoting the advantages of investing in Taiwan is also a key strategy, which entails roadshows in all regions of the world that include New York, London, Hong Kong and Singapore. With all this momentum in place, the TWSE is poised to deliver.</p>',
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" style="font-family:Myriad-pro;font-weight:normal">GMI Post Sep 01, 2017
When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize...
