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Philippines: High inflation tames stock trades

MANILA, Philippines — The benchmark Philippine Stock Exchange index (PSEi) plunged by 91.46 points, or 1.17 percent, as the government reported yesterday a continued rapid increase in inflation. The broader All Shares gauge was likewise in the red, shedding 24.85 points, or 0.53 percent, to finish at 4,635.59. The sectoral indices likewise took a beating […]

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SCG borrows US$3.2 billion for Vietnam petrochemicals complex

The Hanoitimes – Construction on the complex started in February and the plant is set to start commercial operations in the first half of 2023. Thai industrial conglomerate Siam Cement Group (SCG) has ink deals to borrow loans worth over US$3.2 billion in a move to kick-start the construction of Vietnam’s first fully integrated petrochemical-complex project, […]

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Thai-Myanmar border commerce to double by 2026

The value of border trade between Thailand and Myanmar is expected to double to UScopy2 billion by 2026, says the assistant spokesman of the Prime Minister’s Office.  The cabinet has approved the proposed draft of policies and initiatives for the ninth Meeting of the Myanmar-Thailand Joint Commission, as diplomatic relations between the two nations turn […]

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AirAsia unveils fifth route to Vietnam

KUALA LUMPUR: AirAsia Bhd  has unveiled its fifth route into Vietnam yesterday, as the low-cost carrier launched its direct flight from Kuala Lumpur to Phu Quoc, Vietnam. The four weekly flights will commence on November 2. Phu Quoc marks AirAsia’s 59th unique route, apart from its existing destinations in Vietnam namely, Ho Chi Minh City, Da Nang, […]

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