An economic boom that’s reverberated across Southeast Asia has finally crossed over to Thailand.The economy, which has lagged its neighbours this decade, is projected to have grown at the fastest pace in more than four years last quarter even as the baht surged.
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explained that the Fourth industrial revolution builds on the Third industrial revolution which was largely based on the use of electronics and information technology to automate production.Schwab writes that the Fourth industrial revolution “is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.”According to the World Economic Forum and Asian Devel
The Philippine economy grew more than six percent for a ninth consecutive quarter, cementing its position as one of the fastest-expanding in the world.Key Points Gross domestic product increased 6.9 percent in the third quarter from a year earlier, the Philippine Statistics Authority said in Manila Thursday, after expanding a revised 6.7 percent in the previous three months.
Oil prices tumbled more than one percent on Wednesday in Asia, extending the previous day's sharp falls after the International Energy Agency warned of weakening demand.A recent rally had sent the commodity to two-year highs, fuelled by hopes producers will extend output cuts well into 2018 as well as escalating tensions between crude giants Saudi Arabia and Iran.But the Paris-based IAE said in a monthly report that it had revised down its forecasts for this year and next, adding that ma
Donald Trump on Monday lauded his trade achievements during a five-nation tour of Asia, promising he would reveal "far bigger" steps when he returned to Washington.The US president has frequently bemoaned what he calls "unfair" international trade deals and a perceived lack of respect for America and its leaders.But standing alongside the prime ministers of Japan and Australia in Manila on Monday, he said that was all changing."The way they've treated us, the res
Razer Inc. climbed on its first day of trading as the maker of computer accessories for gamers became the second technology stock in a week to jump in its Hong Kong debut.The stock rose to as high as HK$5.49, 41 percent above the $HK3.88 price of its initial public offering. The San Francisco and Singapore-based company raised HK$4.1 billion ($530 million) in the IPO.
The Lao government has recently announced plans to launch a new port checkpoint located along the Mekong River in Thailand, early next year. The port, known as the Ban Mom port,will be situated in Ton Pheung, Bokeo province – 17 km North of Chiang Rai’s Chiang Saen district in Thailand. The development and operation of the port for the next 40 years has been contracted to a Thai firm.
Singapore’s stock market is finally getting some love again.With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency.The city-state’s equity funds received some two billion dollars in 10 straight months of inflows, the most annually since 2007, according to data from asset allocation tracking company EPFR Global.
Pacific nations are yet to agree on how to salvage a blockbuster trade pact after days of talks in Vietnam, with Australia confident of an outcome but Canada warning it wants a good deal over a fast one.Trade ministers meeting on the sidelines of the Asia-Pacific Economic Cooperation summit are due to present their proposal on the future of the Trans-Pacific Partnership to leaders on Friday.
Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.No Signboard Holdings Ltd., known for its signature white pepper crab dish, started taking orders this week for an initial public offering that could value the company at as much as 95 million dollars.
On the first anniversary of Donald Trump's election win, markets in Asia are behaving like the U.S. president's rhetoric is just background noise.At first, there were knee-jerk reactions. Japan's Topix Index slumped 4.6 percent on November 9 as investors digested the news while credit-default swaps protecting Indonesian government debt against default rose 26 basis points that week, the most since March 2016.The perception then was that Trump couldn't be good for Asia.
A blockbuster Pacific trade pact thrown into doubt by Donald Trump could be salvaged by suspending parts of the deal in order to get the 11 remaining nations to sign on, according to Malaysian Trade Minister Mustapa Mohamed.Speaking in Vietnam ahead of a meeting of Asia-Pacific leaders, including the US president, Mustapa said there was fresh momentum to save the Trans-Pacific Partnership, a deal that would have spanned 40 percent of the global economy.
