Markets

Age is an asset in Brunei

While in most countries, an ageing population is a sign of potential dwindling economic productivity, Brunei paints a different picture to this conundrum.Speaking at a forum titled ‘New Frontiers in Social Research on Ageing: Implications for Brunei Darussalam’, earlier this week, the country’s Minister of Culture, Youth and Sports, Awang Haji Aminuddin said that Brunei sees the elderly in the country as critical stakeholders towards future national development.“We don’t paint a pessimistic p

16 August 2018
0

Sprouting Cambodia’s spud industry

You can boil it, bake it, deep fry it, stir fry it, cook it in a curry, and now the Cambodians are going to make an industry out of it. Traditionally a net importer of potato, amounting to around 5,000 tonnes every year from Thailand, Vietnam, China, Japan, Australia and the United States (US), Cambodia is eyeing not only the future local potato market, but also the regional one.

16 August 2018
0

Will Turkey’s lira crisis impact Asia?

Despite being one of the fastest-growing economies in the world last year, the Turkish economy is currently in turmoil. The United States (US) has just announced sanctions on Turkey which resulted in the freefalling of its national currency, the Turkish lira.

15 August 2018
0

Indonesia rate decision a close call

The wave of volatility engulfing emerging markets increases the odds of another interest-rate hike in Indonesia in a policy decision on Wednesday that economists say is a close call.A rate pause this week was looking like a comfortable prediction after three rate hikes totalling one percentage point since mid-May helped to stabilize the rupiah and reverse some of the outflows earlier this year.

15 August 2018
0

Rupiah set for another rate hike

The coming week may prove to be a crucial one for the Indonesian rupiah.As Wednesday’s policy decision approaches, Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since the middle of May to stem a slide in the currency.Rupiah headwinds have steadily increased in recent weeks and now include a current-account deficit threatening to widen, political uncertainty before next year’s presidential elections, rising

13 August 2018
0

Thai energy companies growing abroad

Thai energy companies are growing beyond the country’s borders, with projects slated for the rest of the region. These planned projects are a testament to Thailand’s energy policies and the savviness of its energy companies. It is not just the big oil giants such as PTT or B Grimm that are expanding throughout the region but renewable energy companies such as Wind Energy Holdings and solar company Superblock are also branching out in the region.

11 August 2018
0

Cryptocurrency picks up pace in Thailand

Following a regulatory framework which went into effect last month, Thailand’s central bank has announced a set of rules governing cryptocurrency activities in the country.

10 August 2018
0

Vietnam's dong feels the heat

Think the latest yuan rout is over? Tell that to Vietnam.The slide in China’s currency paused this week after jawboning by the central bank, which told commercial lenders it has the tools to stabilize the market and urged them to avoid “herd behaviour,” it was reported Tuesday.

10 August 2018
0

Biggest rate increase in a decade for Philippines

The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by how much.A booming economy, surging inflation and pressure on the currency are setting the stage for a 50 basis-point increase in the benchmark rate to four percent on Thursday, according to 17 economists surveyed.

8 August 2018
0

A hard tackle against illegal fishing

In soccer, the yellow card is a warning for a player to behave himself as he may get sent off the pitch if he receives a second one. It seems the yellow card works just as well when it comes to combatting illegal, unreported and unregulated (IUU) fishing.The European Commission (EC) enacted a tough legislation against IUU fishing in 2010 which identifies marine fisheries products by their exporting state or the flag under which shipping vessels operate.

7 August 2018
0

Protecting the rights of fishermen

When news of the Thai government’s move to ratify the International Labour Organisation’s (ILO’s) Work in Fishing Convention (Convention 188) reached fisher associations, they came together to protest. This week, fisher associations from 22 coastal provinces of Thailand threatened to bring the country’s fishing industry to a halt by ceasing work if the government there fails to address their grievances within seven days.

4 August 2018
0

The West won’t come to Myanmar

Faced with dwindling tourist numbers from the West, Myanmar is pulling out all stops to woo visitors closer to home. It relaxed visa rules to visitors from China, South Korea and Japan and aims to bring half a million of them over to Mandalay this year.Beginning 1 October, the country is waiving visa requirements for visitors from Japan and South Korea for one year, as a trial run. Visitor growth from these two countries had been stagnating.

3 August 2018
0