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Tag: Alpha Southeast Asia magazine

  • Aviation infrastructure overloaded

    Aviation infrastructure overloaded

    The heavy investment made recently by the Airports Corporation of Vietnam (ACV) to upgrade airports and develop new infrastructure still cannot satisfy the increasingly high travel demand.

    The additional parking lots set up by ACV recently do not mean much if compared with demand, while airlines still have to scramble for the locations to park their aircrafts. Noi Bai and Tan Son Nhat Airports had many meetings to discuss the allocation of parking lots but they were not useful.

    Giao Thong quoted a high ranking executive of Vietnam Airlines as saying that the carrier’s fleet has 10-15 new aircraft every year while it has put next-generation aircrafts into operation. In 2015, Vietnam Airlines had 83 aircrafts, while the figure is expected to increase to 120 by 2020. This leads to a higher demand for parking lots and the upgrade of technical service areas.

    Nguyen Thi Phuong Thao, CEO of Vietjet Air, has repeatedly asked for more aircraft parking lots at the Tan Son Nhat, Noi Bai and Da Nang Airports. In 2016 alone, the air carrier needs at least 44 parking locations.

    According to Tran Van Thang, ACV’s deputy CEO, ACV has arranged 11 new parking locations at Noi Bai, raising the total number of licensed locations to 70.

    At Tan Son Nhat Airport, four new locations have been arranged for ATR72 aircrafts. The figures are 8 at Da Nang and 16 at Cam Ranh. However, he admitted that the additional supply still cannot satisfy the high demand from airlines.

    Head of the Civil Aviation Authority of Vietnam (CAAV) Lai Xuan Thanh confirmed the lack of parking lots for aircrafts. He said all the four large airports including Noi Bai, Tan Son Nhat, Da Nang and Cam Ranh need to have their parking areas expanded to satisfy the demand.

    A CAAV report showed that in the first six months of 2016, airlines provided more than 128,000 flights, 15.8 percent of which were delayed while the canceled flights amounted to 0.6 percent.

    About the reasons behind the delayed and canceled flights, the report pointed out that airlines’ technical problems were the direct reason of 10.3 percent of delayed flights, while the lack of equipment at airports caused the delay of 6.2 percent, or 1,250 flights.

    Meanwhile, the problems in flight control at the departure airports were the reason behind the late arrival of 11.3 percent of total delayed flights.

    Thanh from CAAV said that until the Long Thanh Airport is built and put into operation, the overloading at Tan Son Nhat would still not be settled.

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  • SM Investments Corporation bags five awards from Alpha Southeast Asia magazine

    SM Investments Corporation bags five awards from Alpha Southeast Asia magazine

    SM Investments Corporation (SM) bagged five awards from Alpha Southeast Asia magazine based on a poll of investors.

    SM topped four categories under the 5th Annual Southeast Asia’s Institutional Investor Awards for Corporates. These are Most Organised Investor Relations for the fifth year in a row; Best Senior Management Investor Relations Support; Best Strategic Corporate Social Responsibility. SM was also named among the companies with the Most Consistent Dividend Policy.

    SM’s Executive Vice President and Chief Financial Officer Mr. Jose T. Sio was likewise named Best Chief Finance Officer (CFO) in the Philippines for the fourth time in a row. Mr. Sio is known for his financial prudence while strongly supporting the phenomenal growth of the SM group of companies.

    Mr. Sio is a certified public accountant with a master’s degree in Business Administration from New York University. He was a senior partner at Sycip Gorres Velayo & Co. prior to joining SM in November 1990.

    “We are grateful for this recognition by Alpha Southeast Asia which continues to inspire us to strive for excellence. We also thank our investors who continue to put their trust in the company,” SM EVP and CFO Jose T. Sio said.

    The awards presentation for the Philippine winners will be held on September 1, 2015 at the Makati Shangri-La.

    The poll is based on tallied votes among 520 investors and analysts across the region as well as the US and Europe. These included fund managers with investment interests in Southeast Asia, large institutional investors, insurance companies, pension funds, funds of hedge funds, private banks, equity and fixed income brokers as well as buy and sell-side analysts.

    Alpha Southeast Asia is a monthly magazine primarily written for institutional investors, asset and fund management companies in Hong Kong, Singapore, other parts of Asia, US, Europe and the Middle East. The magazine also has a strong following among the region’s largest local corporates.