Singapore’s second-largest lender has decided that the best place to expand its research is the country’s rival market Hong Kong.Oversea-Chinese Banking Corp. plans to add coverage of 60 Hong Kong-listed stocks, with 14 to 20 started by year-end, according to Carmen Lee, its head of research.
For technology stock investors, it sometimes pays to buy the companies that make the parts.Take Techfast Holdings, a small Malaysian supplier of everything from screws and self-clinching fasteners to materials for light-emitting diodes.
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.
A system that connected stock markets in Malaysia, Singapore and Thailand has closed down, five years after its high-profile debut.The Asean Trading Link started with Bursa Malaysia and Singapore Exchange, with The Stock Exchange of Thailand also joining. It was heralded at its launch as breaking the barriers to cross-border trade and offering a single entry-point to three of Southeast Asia’s biggest stock markets, with thousands of listed companies.
If India’s experience of selling local-currency notes in the overseas market is anything to go by, Indonesia’s plan to issue Komodo bonds may not be all plain sailing.The sovereign is mulling a sale of offshore rupiah-denominated bonds, and three state-owned infrastructure companies are considering issuance in coming months.
Mau Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo Duterte’s tax reform plan that aims to return to consumers 860 billion pesos (17 billion dollars) over five years.Dizon will pay lower taxes under the proposed reform and is likely to spend most of the savings on staples, which account for about a third of her family’s monthly budget.
Masayoshi Son has found a new breed of believers: yield-hungry Asian investors.SoftBank Group has already issued 7.9 billion dollars of dollar-denominated bonds this year, but there's a key difference versus other offerings.These notes are unique in that they cater specifically to Asian investors.
Singapore’s leading newspaper publisher had a market capitalisation that was larger than that of The New York Times – until this month.
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.
Grounded planes are helping a Philippine stock fly.Behind the five-fold increase in MacroAsia shares this year is a venture’s expanded jet service and maintenance business. The company is the top performer among the 274 equities listed on the Philippine Stock Exchange, with its market value approaching 300 million dollars.
Stocks in Asia touched a level not seen since December 2007 as a rally in Hong Kong-listed Chinese companies offset weakness in South Korea and Japan amid speculation of a Saturday missile launch by Pyongyang.The MSCI Asia Pacific Index climbed 0.4 percent to 161.81 as of 4:33 p.m. in Hong Kong, led by China Gas Holdings, which extended gains from a record yesterday after bullish growth forecasts.
Its sovereign bonds don’t yield much more than US Treasuries, they cost less to insure than Spanish notes and its currency is more stable than China’s managed yuan.In a sign of how the flood of money into emerging markets is upending conventional wisdom, military-run Thailand with a credit rating just three levels above junk at Moody’s Investors Service has become a favoured low-yielding destination for bond investors.A current-account surplus that’s forecast to be around 10 percent of gross
