World Bank: More well-paying jobs and opportunities needed MANILA, Philippines — The Philippines’ bullish economic fundamentals helped bring down the poverty rate, according to the World Bank, although poverty reduction in the country has been sluggish due to a wide wealth gap. Based on latest available data, the Washington-based multilateral lender said poverty rate in the […]
Read MoreWhen RHB, a Singapore brokerage, first selected Singapore Exchange-listed Yoma Strategic Holdings as one of its top five stock picks for retail clients on May 2, shares of the company soared 15 percent, hitting a 4-month high of 48 cents on May 9 as investors hurried to get onboard. “Yoma Strategic offers a pure play on […]
Read MoreAccording to the Consumer Payment Attitudes Study by Visa, Indonesians are more confident living without cash for 24 hours than Singaporeans. The study involved 4,000 respondents from Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam aged 18 and over with an income above Rp 3 million per month. Conducted in July 2017, it found […]
Read Morehe shock election victory of Malaysia’s opposition alliance and the anti-corruption and economic-policy cleansing it has promised roller-coasted stocks before a slight MSCI index gain, and cast a shadow on ASEAN peers the Philippines and Thailand with their own political and fiscal battles under overall asset-class retrenchment. The International Monetary Fund chimed in with caveats at […]
Read MoreThe Hanoitimes – Vietnamese plastic firms are under big pressure to make restructure to be able to compete against foreign counterparts, who have made many mergers and acquisitions of domestic firms in the past few years. After many times of purchasing shares of Binh Minh Plastics Joint Stock Company (BMP), Thailand’s Siam Cement Group (SCG) recently […]
Read MoreTHE THAI economy is strong enough to cope with future risks, says Tris Rating . Sakda Pongcharoenyong, president of Tris Rating, said that Thai-listed companies possess the financial strength to deal with possible risks, as seen in their earnings results following the Thai economic expansion. Most of the companies are free of liquidity crunch and […]
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