Markets

Philippines targets Chinese stock markets

Opposites attract. China's billions are already flowing into the Philippines via online gaming and infrastructure spending. Hot portfolio flows could be next.Philippine Stock Exchange is in talks with its Shenzhen counterpart on a possible investment, CEO Ramon Monzon told Bloomberg News.

20 October 2017
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Singapore's Dymon Asia hedge fund to raise $600 mln

Dymon Asia Capital (Singapore), the hedge fund manager that made its name betting on macro-economic themes, plans to raise an additional 600 million dollars for a stock fund as it expands its equity business, said President Jay Luo.The Dymon Asia Equity Fund oversees more than 400 million dollars, made up of mostly internal capital and money from Singapore state-owned investment company Temasek Holdings, Luo said.

20 October 2017
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Jokowi wants to create 10 new Balis

As China’s burgeoning class of affluent travellers seek out more exotic destinations, Indonesia is cashing in.China is on track to become the biggest tourist market for Indonesia for the first time this year, overtaking Singapore. That’s after a 46 percent surge in visitors from the world’s second-largest economy to 1.4 million in the first eight months of the year.

20 October 2017
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Blaze destroyed iconic Yangon hotel

One person died when a fire tore through a luxury teak wood hotel in Myanmar's main city Yangon on Thursday, destroying the iconic resort which is popular with foreign visitors.

19 October 2017
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Malaysia pushes for more women in boardrooms

Even after 50 years since the formation of ASEAN (Association of Southeast Asian Nations), women representation in boardrooms across Southeast Asian countries is still lagging behind most developed nations.

19 October 2017
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Poorest countries face challenges in ramping up food output

Countries that are most in need of more food to feed their impoverished populations tend to be the ones where farmers have the hardest time expanding production.In low-income nations, agricultural productivity rose at a rate of 1.24 percent annually as of 2017, according to an annual study from the Global Harvest Initiative, a research organisation sponsored by Deere & Co., Monsanto, Smithfield Foods and other businesses and nonprofits.

19 October 2017
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Rich Asians are investing in technology startups

In Hong Kong, 35-year-old Matthew Tai has been shifting part of his family’s fortune, built by his father and uncles in real estate, into a string of digital startups.Tai says he’s invested in crowd-funding platform FundHive, a producer of ultra-thin LCD screens called Organo-Circuit and recruitment website Freeboh.

18 October 2017
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Jokowi sees low inflation laying ground for rate cuts

Indonesia’s success in taming consumer prices provides room for lower interest rates, President Joko Widodo said, while making it clear that it was the job of the central bank to determine whether to cut.Inflation will average less than four percent this year, down from more than eight percent in 2014 when he took office, Widodo – also known as Jokowi – said in an interview at Huta Ginjang, overlooking the picturesque Lake Toba, where he had been to open a newly upgraded airport nearby.

17 October 2017
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Major international independent research institute enters Malaysia

RTI International has formally opened its office in Malaysia. Its entry into the Malaysian market enables it to explore and undertake research and advisory in the field of healthcare delivery systems and development of innovation ecosystems.The global independent research institute specialises in combining deep technical proficiency with multi-disciplinary expertise.

17 October 2017
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Jokowi roots for private investment in Indonesia

Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist.All major projects will be offered to the private sector, Widodo, also known as Jokowi, told Bloomberg Television’s Haslinda Amin on Saturday in an interview on a hilltop overlooking the picturesque Lake Toba.

17 October 2017
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Is ASEAN the new breeding ground for startups?

The startup sector has exploded globally with investors on the lookout for the next "Facebook". This has inspired technology entrepreneurs to create their own companies and sell their ideas to the world in hopes of being the next Mark Zuckerberg.

16 October 2017
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