KUALA LUMPUR: Maybank IB Research remains positive on VS Industry Bhd following its Tuesday briefing with a Buy rating and target price of RM3.18 based on 17.5x CY18 PER. “VSI’s 4QFY7/17 pre-tax profit margin for the Malaysian ops contracted 4.4ppts q-o-q, mainly due to a transition of its transactional currency from USD to RM for components […]
Read MoreHCM CITY – Vietnam will not see high year-end growth in exports of tra fish and shrimp to US by this year because trade barriers have reduced their value, according to the national seafood association. Meanwhile, exports of these seafood products to Japan, China, Brazil and the ASEAN bloc have increased significantly in the first eight months of the year, according […]
Read MoreStartup Cambodia, a collaborative platform set to officially launch next month, aims to create a comprehensive and accessible database of Cambodia’s startup companies to help entrepreneurs tap into early-stage funding, a spokesman for the company spearheading the project said yesterday. The platform is the brainchild of online startup and technology-focused media outlet Geeks in Cambodia […]
Read MoreLaos is seeking technical assistance and close cooperation with various foreign countries to ensure progressive results in addressing Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). A few months ago, Laos graduated from the Grey’ list, which was approved by the Financial Action Task Force (FATF), but the government is still pushing forward its […]
Read MoreMANILA, Philippines — Nomura Securities Ltd. said the Bangko Sentral ng Pilipinas (BSP) is likely to keep the level of deposits that banks maintain with the central bank at 20 percent, the highest in the region. Euben Paracuelles, senior economist at Nomura, said low inflation over the past few months would not allow the BSP […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia (BNM) will publish enforcement actions taken against financial institutions and intermediaries for non-compliance with rules and regulations. BNM Governor Tan Sri Muhammad Ibrahim said on Wednesday the actions would be published effective January 2018 to further increase the impact of enforcement actions as a credible deterrent. He said BNM […]
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