MANILA, Philippines — Philippine borrowers–both the national government and the private sector — continued to prepay their foreign obligations resulting in the further weakening of the peso against the dollar, data from the Bangko Sentral ng Pilipinas (BSP) showed. Debt prepayments amounted to $1.45 billion in the first six months. The national government accounted for […]
Read MoreKUALA LUMPUR: Intensifying trade friction between China and the United States has left the local equity market sentiment cautious, creating an unstable environment for foreign fund inflows. Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said foreign funds were generally net sellers from Aug 13 to 17, and this has had a significant impact on […]
Read MoreKerry Ingredients, an Irish manufacturer of food and drinks, is seeking merger and acquisition (M&A) deals to expand its business in Thailand. “As we believe there is opportunity for growth in this industry, the parent company’s strategy is aimed at new M&A deals to keep operations within economies of scale across Southeast Asia,” said Paul Potter, […]
Read MoreTHE pressures keep piling even as emerging markets (EMs) take in more punches from increasing tariff turmoil, strong dollar and drying up of liquidity. As though investors have not been sufficiently pummeled in the China markets, the brewing financial crisis in Turkey is causing risk version in EMs, and leading to Germany’s call for Turkey […]
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Thailand
