MANILA, Philippines — With the country’s second quarter economic performance expected to disappoint, the Bangko Sentral ng Pilipinas (BSP) is likely to be done with rate hikes following last week’s off-cycle rate increase, according to United Kingdom-based think tank Pantheon Macroeconomics. Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said the BSP’s recent 75-basis […]
Read MorePETALING JAYA: Bursa Malaysia has likely found its bottom at current levels with negative news priced in but the gloom in investor sentiment has yet to lift until volatile global markets attract fresh buying interest. While timing an entry or exit from the equity market is a key skill in investing, very few analysts are […]
Read MoreVietnam has one of the newest and most dynamic start-up scenes in Asia, and it has emerged as a hub for start-ups, according to the recently released Emerging Giants in Asia Pacific report. Vietnam has one of the newest and most dynamic start-up scenes in Asia, and it has emerged as a hub for start-ups, […]
Read MoreThe value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) in the country registered a 38 percent year-on-year increase, according to reports. The economic zone posted trade valued at $1.37 billion in the first half of this year. The SSEZ, jointly developed and constructed by private companies from both Cambodia and […]
Read MoreThe baht opened at 36.58 to the US dollar on Wednesday, strengthening from Tuesday’s close of 36.61. The currency is expected to move between 36.50 and 36.70 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the dollar might remain stable or even weaken if the market jumps into a risk-on state. […]
Read MoreHong Kong-based Swire Pacific has announced it is buying the packaging and distribution operations of Coca-Cola Company’s bottling plants in Cambodia and Vietnam for $1.02 billion. The deal will see Swire buy Coca-Cola Indochina through its Swire Beverages and Swire Coca-Cola units from Coca-Cola’s (KO) subsidiary in Japan, a release said. The deal will “expand […]
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Thailand
