The Hanoitimes – Hong Kong-based Platinum Victory and F&N Dairy Investment – a group backed by Thai tycoon Charoen Sirivadhanabhakdi – are in a race to increase their respective holdings at Vietnam Diary Products Company, known as Vinamilk. Platinum Victory – a subsidiary of Hong Kong-based conglomerate Jardine Matheson – has registered to purchase 14.51 million […]
Read MoreGROWTH in Asia and the Pacific’s developing economies for 2018 and 2019 will remain solid as growth continues apace across the region, despite rising tensions between the United States and some of its trading partners, says a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook (ADO) 2018 report released […]
Read MoreBank Indonesia (BI) decided to hold its key rate in July as it remained confident that the current rate is still attractive to foreign investors amid uncertainties in the global liquidity market. Following a two-day board of governors meeting, the central bank announced that the BI seven-day reverse repo rate was maintained at 5.25 percent, […]
Read MoreFINANCE MINISTER Apisak Tantivorawong says the government is planning key policy actions in the second half of the year, ranging from fiscal expansion to debt restructuring for farmers, to further boost the economy and the country’s competitiveness. Delivering his keynote speech at a seminar on “Direction of the SET Index in the second half 2018” […]
Read MoreMANILA, Philippines — Standard Chartered Bank said inflation may peak at 5.8 percent in August, prompting the Bangko Sentral ng Pilipinas (BSP) to hike rates for the third time this year next month. Chidu Narayanan, economist for Asia at Standard Chartered Bank, said inflation is expected to edge up further in the third quarter and […]
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Thailand
