MANILA, Philippines — The Securities and Exchange Commission cleared four public offerings on Thursday, allowing these companies to continue raising cash to meet their needs amid the pandemic. In a statement, the SEC said it approved the planned fundraising activities of Ayala Land Inc., Synergy Grid & Development Phils Inc., Megawide Construction Corp. and The […]
Read MoreHoa Phat Stee Group of billionaire Tran Dinh Long has entered the world’s top 15 corporations in terms of market capitalization. This is a breakthrough not only for Hoa Phat but also an unprecedented position of a Vietnamese industry. Reuters has just announced the Top 30 largest capitalized steel companies in the world, including Vietnam’s […]
Read MoreThailand’s plan to attract 1 million quality tourists by the first quarter of next year is to serve as a key blueprint to drive the economic recovery after almost two years of being hit by the coronavirus pandemic. Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said Thailand has learned from past lessons and now […]
Read MoreMANILA, Philippines — Customers of Manila Electric Co. would see higher power bills for the seventh straight month in October due to bigger transmission costs. In a statement on Friday, the largest power distributor in the country said the overall rate for a typical household “slightly” inched up by P0.0283 per kWh. The adjustment means […]
Read MoreThe baht opened at 33.80 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 33.75 and 33.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon predicted that the dollar would continue fluctuating against the greenback because investors are waiting for the Nonfarm […]
Read MoreMANILA, Philippines — The inflation slowdown last month is temporary as prices will likely pick up pace again and remain elevated until the middle of next year, a foreign think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said the surprise easing to 4.8 percent in September inflation is likely just a blip […]
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