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Philippines: Choppy trade expected this week

MANILA, Philippines — Expect another choppy stock trading this week, as global markets react to developments in the war in Eastern Europe, particularly its underlying impact on oil and commodities prices. The benchmark Philippine Stock Exchange index (PSEi) closed higher for the second straight week last Friday, although this cut short a prior two-day upswing. […]

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Vietnam targets higher sovereign ratings by 2030

The focus is to ensure a healthy fiscal foundation and sustainable budget policy in line with Vietnam’s international commitments and good practices. The Vietnamese Government targets its sovereign ratings to reach at least Baa3 (for Moody’s) or BBB- (for S&P and Fitch) by 2030. The move is part of a proposal on improving Vietnam’s sovereign […]

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Philippines: Government support critical to spur growth of offshore wind sector

MANILA, Philippines — Long-term stability and certainty through government support is critical in facilitating the development of the nascent offshore wind sector across the globe, according to the latest report of Norway-based international accredited registrar and classification society DNV. In a report titled “Floating Offshore Wind: The Next Five Years,” DNV anticipates continued strong interest […]

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Thailand – Survey: Consumer confidence rallying

A consumer confidence survey showed a large uptick in March from December 2021, with one possible outcome an increase in housing demand going forward, according to property research and consultancy Terra Media and Consulting Ltd. Managing director Sumitra Wongpakdee said the overall index of 200 respondents in March rose to 85.4 from 75.6 in December […]

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Vietnam’s tech retailer expands its network to Indonesia

Mobile World will cooperate with Indonesia retailer Erafone to open stores selling technology products in Indonesia. Mobile World has announced its partnership with PT Erafone Artha Retailindo (Erafone), a subsidiary of Erajaya Corporation, to establish PT Era Blue Elektronic joint venture in Indonesia. The chain of stores of this joint venture will be called Era […]

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