Economy and commerce
Investment
Thai stocks dive in global sell-off
Thai shares are heading towards a bear market after falling by 4.73% on 24 August as the deepening global equities rout, concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction could continue ...
Turmoil at the top prompts business uncertainty
In Myanmar’s business environment, where many prominent firms have close ties to officialdom, political developments at the top can have major ramifications for the economy. It remains to be seen how significantly the political turmoil that recently engulfed Myanmar’s ruling party will play out in Myanmar’s business sector. When Union ...
Japan charts road to industrialization for Mekong region
Japan and the five Southeast Asian countries bordering the Mekong River adopted a blueprint on 24 August to boost industrialization in the subregion. The blueprint, known as “The Mekong Industrial Development Vision,” got the thumbs-up during a meeting between Japan’s Minister for Economy, Trade and Industry Yoichi ...
Vietnam stocks plunge as bank concerns trigger sharp sell-off
Vietnam’s stocks just had a rough week after bad news kept hitting the markets, prompting many investors to dump a large number of bank shares amid a broad sell-off. The benchmark VN-Index dropped to 556.30 at the 3 p.m. close on 21 August, shedding nearly 17 ...
Vietnam, Dagestan reach oil and gas exploitation agreement
Vietnam is willing to pour up to 300 million USD into an oil and gas exploitation project in the Caspian Sea of the Republic of Dagestan within the Russian Federation, said Dagestan’s Government Office on 18 August. Keep reading ...
Major Cineplex targets 30 cinemas in Laos within three years
Major Cineplex Group is expanding its footprint in Laos, aiming to have 30 movie screens there within three years. Entering the country of 7 million people through its partner Platinum Cineplex, Thailand’s largest movie-theatre operator formed a 60:40 joint venture to open its first five movie ...
Shanghai shares plunge another 5%
Shanghai shares fell more than 5% on 19 August, extending their largest daily fall in more than three weeks on concerns of waning government support. The benchmark Shanghai Composite Index dropped 5.04%, or 188.74 points, to 3,559.42 during the morning session. Keep reading ...
Vietnam devalues dong by 1%
Vietnam on 18 August devalued its currency by 1% following the devaluation of the Chinese yuan and a possible US interest rate increase. Keep reading ...
ASEAN puts last touches to economic community
With most of the high-priority measures in the ASEAN Economic Community (AEC) blueprint already adopted, policymakers and businesses need to work closely on the remaining challenges to achieve benefits of full economic integration beyond 2015, a new report recommends. The report from Ernst & Young, titled ...
S&P: Thailand's ratings unchanged after Bangkok bomb
Standard & Poor’s Ratings Services sees limited immediate impact on the sovereign credit support for Thailand in the wake of the 17 August bombing at Bangkok’s popular Erawan Shrine that killed 20 people and injured another 125. Keep reading ...
