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Thailand: SET sell-off on US-China trade concerns

Thailand’s bourse was among several regional stock markets experiencing a sell-off Thursday on concerns over the US-China trade dispute and the US Federal Reserve’s signal that it would raise interest rates further.  The Stock Exchange of Thailand (SET) index closed at 1,790.80 points, down 0.02%, in trade worth 58.7 billion baht.  Foreign investors were net sellers […]

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Weak consumption may keep Indonesia from raising rates just yet

Indonesia’s central bank said it won’t hesitate to raise interest rates to stabilize the rupiah, but that plan faces a hurdle in the form of Indonesians who aren’t spending enough. Weak consumer spending meant that the average earnings of companies in the Jakarta Consumer Goods Index, the worst performer in the benchmark Jakarta Composite Index this […]

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Dusit International set to make Vietnam debut

Thai hotel and property development company Dusit International will make its Vietnam debut this month with the opening of the Dusit Princess Moonrise Beach Resort on the country’s largest island, Phu Quoc. Located in southern Vietnam in the Gulf of Thailand, Phu Quoc is a fast-growing tourist destination known for its long, sweeping beaches, rich […]

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