Cement, petroleum and retail stocks are those that could see strong rises in 2021. Since late 2020 to early 2021, Vietnam’s stock market has witnessed a strong rise in terms of liquidity, capital inflows and number of accounts. A certain number of stocks are set to ride on the country’s strong economic rebound this year. […]
Read MorePETALING JAYA: The Malaysian economy may have contracted for the third consecutive quarter, even as the country continues to struggle with the restrictive measures implemented to combat the ongoing Covid-19 pandemic. Ahead of the gross domestic product (GDP) results to be announced on Thursday, a survey by Bloomberg on economists’ forecasts indicates that the GDP […]
Read MoreSINGAPORE: Singapore’s DBS Group reported a one-third fall in quarterly net profit, in line with estimates, as it booked higher loan losses in pandemic-hit markets but gave an optimistic view for this year. Piyush Gupta, CEO of Southeast Asia’s biggest lender, said latest economic data supported a strong economic rebound for 2021. DBS’ strong performance […]
Read MoreBitcoin’s price jumped over 20% to an all-time high of 1.4 million baht apiece after Elon Musk, CEO and founder of Tesla, announced the company purchased about US$1.5 billion of bitcoin in January and would start accepting the digital currency as a payment method for its products. Altcoins, the cryptocurrencies other than bitcoin, also soared […]
Read MoreMANILA, Philippines — Congress has given Petron Corp. a lifeline, exempting petroleum refineries from taxes and duties on crude oil imports. Petron president and CEO Ramon Ang had warned last year that the company would shut down its petroleum refinery in Bataan, which directly employs about 1,000 people, unless the government leveled the playing field […]
Read MoreKUALA LUMPUR: Malaysia’s economy is estimated to have contracted by 2.8% in 4Q 2020, amid the restrictions imposed under the conditional movement control order (CMCO), according to RAM Ratings. It said on Tuesday, this will be the third consecutive quarter of contraction in 2020, leading to a 5.4% contraction for the year, compared with the […]
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Thailand
