KUALA LUMPUR: Genting Malaysia, MISC and Maybank weighed on the FBM KLCI on Monday as investors took profit after last week’s surge while the ringgit slipped against the firmer US dollar. At 5pm, the FBM KLCI was down 1.43 points or 0.08% to 1,751.64, but off the day’s low of 1,747. Turnover was 2.40 billion […]
Read MoreSoutheast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and Singapore sovereign wealth fund Temasek Holdings. At 330 million, the number of monthly active internet users has risen […]
Read MoreThe Hanoitimes – After completing transaction, Vietnam Beverage will become the largest stakeholder holding 53.59% Sabeco shares. Thai Beverage Plc on December 18 took a majority stake in Saigon Beer Alcohol Beverage Corp (Sabeco) valued at nearly 4.8 billion USD, after an auction for Vietnam’s larger brewer attracted no other major bidders. Vietnam Beverage, ThaiBev’s domestic […]
Read MoreThai Beverage Pcl is poised to take a majority stake in Saigon Beer Alcohol Beverage Corp valued at 156 billion baht, after an auction for Vietnam’s larger brewer attracted no other major bidders. Vietnam Beverage, ThaiBev’s domestic unit, registered to bid for 343.662 million or a 53.59% stake in Sabeco, as Vietnam’s largest brewer is […]
Read MoreTHE new year may not necessarily spell out cheery new beginnings for retailers as retail businesses in Penang continue to face lukewarm prospects. Consumer confidence is expected to stay soft while uncertainties in the global economy persist. This is, nonetheless, in line with trends of the Consumer Sentiments Index found in Malaysian Institute of Economic […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects sustained growth in foreign direct investment (FDI) inflows as well as lower net outflow of foreign portfolio investments next year amid the country’s strong macroeconomic fundamentals and the ramp up of infrastructure investments. Zeno Ronald Abenoja, director of the BSP’s Department of Economic Research, said […]
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Thailand
