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Thailand: Tearing down the automotive industry

Every company has its competitor — and within the automotive industry, competition is fierce. Some 14 major companies control more than 60 car brands around the world, and independent automakers like Tesla, VinFast and China’s “big four” are shaking up the industry.  With new cars being developed and manufactured at rapid speed, automakers have to keep […]

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Forex BNM
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Malaysia: Ringgit holds flat as market awaits catalysts

KUALA LUMPUR: The ringgit opened unchanged against the US dollar today as the market awaited catalysts to boost the local note.   As of 9.02 am, the local unit was traded at 4.1310/1350 against the greenback from 4.1310/1340 at close Friday.   SPI Asset Management managing partner and head of trading Stephen Innes, however said, the current […]

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Philippines: Inflation seen falling within 2 to 4% target

MANILA, Philippines — Private economists expect inflation this year to fall within the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to a survey conducted by the central bank. BSP Governor Benjamin Diokno said inflation expectations of private sector economists are now lower and aligned to the inflation target. “Analysts expect inflation in 2019 and 2020 to settle within […]

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Foreign businesses accelerate indirect investment in Vietnam

The Hanoitimes – Vietnam`s high and steady economic growth in the past years has strongly drawn foreign capital and investment in local firms, considered as the shortest way for foreign investors to enter the Vietnamese market.   Foreign investors have been making more indirect investments into Vietnamese firms via capital contribution or share acquisition so as […]

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Singaporeans bought most homes versus foreigners in decade

SINGAPORE: Singaporeans’ deep-seated desire for home ownership has seen them snap up the biggest share of residential properties versus foreigners in a decade. About 79 percent of private apartments went to Singaporeans in the first quarter, the most since the first three months of 2009, according to property consultants OrangeTee & Tie Pte. And the […]

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