Markets

S.Korean cosmetics maker targets Southeast Asian markets

South Korea’s biggest cosmetics maker is revamping its products to suit Muslims and darker-skinned women in Southeast Asia as it tries to make up business lost because of political tensions with China over a missile-defence system.Amorepacific is pushing harder into Indonesia, Singapore, Malaysia, Thailand and Vietnam with a lineup that takes into account skin tones, the region’s humidity and the need for Muslim women to wash their faces five times a day before prayers.

19 September 2017
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Strong baht pits bank of Thailand against government

A public rift between Thailand’s central bank and government on interest rates shows just how much of a dilemma the baht has become for the economy.The Finance Ministry is pushing the Bank of Thailand to cut interest rates to stimulate growth, in light of the strength of the currency and low inflation.

19 September 2017
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ICO is like an IPO but with digital coins

An IPO, or initial public offering, offers a chance to make big money quickly by getting in on the ground floor of the next new Google or Facebook. An ICO, or initial coin offering, offers a chance to make big money quickly by getting in on the next new money. It’s a formula that’s led to over two billion dollars being raised so far this year for a range of startups issuing digital tokens, a faster pace than any other early-stage venture capital funding.

18 September 2017
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Japanese yen falls as havens retreat

The yen declined as havens retreated after the worst-case scenarios for North Korea and hurricanes in the US didn’t eventuate, while stocks inched higher in Asia following a record-breaking Wall Street session.Futures on the S&P 500 Index advanced with equities in Australia and South Korea. Japan markets are closed for a holiday on Monday.

18 September 2017
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India is set to become Asia's growth engine

India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according to Deloitte.The number of people aged 65 and over in Asia will climb from 365 million today to more than half a billion in 2027, accounting for 60 percent of that age group globally by 2030, Deloitte said in a report Monday.

18 September 2017
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An overview of doing business in ASEAN

Southeast Asia is a growing market for business. However, there is still plenty of untapped potential, in terms of both consumer demand and labour markets. With all eyes on the ASEAN (Association of Southeast Asian Nations) member states, business investors are presented with opportunities to generate lucrative returns on their investments within the region.

17 September 2017
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Heading towards a 'cashless' region

We often hear that "cash is king". While it is undeniable that cash has been the preferred mode of payment in the past, the 21st century has introduced an array of cashless payment methods – also known as e-payment – to consumers all over the world. All across the globe, people are divided into those who prefer the more conventional mode of payment as others take a more progressive approach by supporting cashless transactions.

16 September 2017
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E-commerce is gaining traction in Southeast Asia

In recent years, online shopping has been gaining traction in the Southeast Asian region as consumers become more tech-savvy. The growing smartphone and internet penetration rate in the region has driven the rise of digital shoppers. Virtual stores are becoming more popular particularly amongst youngsters who prefer to shop online due to its affordability, variety and convenience.

16 September 2017
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Top Chinese bitcoin exchange shuts down

One of the biggest bitcoin exchanges in China and the world announced Thursday that it would stop all trading following new Chinese government regulations clamping down on cryptocurrencies.The international value of bitcoin has plunged in recent days amid speculation that the Chinese authorities will shut down the trading platforms following last week's ban on initial coin offerings.BTCC – China's second bitcoin platform in terms of volume and the world's third largest – said o

15 September 2017
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Moody's sees Philippine growth above 6 percent

Moody’s Investors Service forecast that Philippine economic growth will exceed 6 percent until next year, and said the conflict in the south and a deadly drug war pose a rising risk but is unlikely to derail the economy.Gross domestic product will expand 6.5 percent this year and 6.8 percent in 2018, the rating company said in a statement on Friday.

15 September 2017
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Singapore's First Woman President Nudges Diversity Needle

Halimah Yacob, 63, will become Singapore’s first female president when she is sworn in Thursday as the city’s eighth head of state. She was named president-elect as the only eligible candidate this week, after two others were disqualified in an election reserved for minority ethnic Malay candidates.The process sparked criticism on social media that Singaporeans were deprived of the opportunity to choose their president and that it diminished Halimah’s achievement.

14 September 2017
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