Asia
Can Aquino Build the Philippines Economy?
Time really is not running out for the $US160 billion Philippines economy but Aquino’s presidency may be the nation’s last hope of avoiding more years of underperforming, and it is very important that he gets it right.
It has extensive natural resources, a growing and largely English-speaking population, an ideal location to ride Asia’s boom and [...]
Aston Resources Coal IPO
Aston Resources is confident of pulling off its $1.5 billion float plans, shrugging aside choppy market conditions and the recent failure of the Valemus public offering.
Next week the company will lodge a prospectus with the corporate regulator, and sources close to the deal say it will raise about $250 million from fund managers after securing [...]
ASEAN Markets to Reflect USA Fall
Over Night trading in the USA will bring some pressure to regional exchanges today however, the trend of late in ASEAN has been to consolidate during soft periods on the US exchange followed by gains during USA rallys. So, today is a good day to be buying in ASEAN.
The Jakarta Composite Index posted the biggest [...]
Singapore Stock Market News
Shares in Singapore closed higher on Thursday, with the benchmark Straits Times Index at 2,997.65, up 0.41 per cent, or 12.27 points.
Around 1.4 billion shares exchanged hands.
Gainers beat losers 253 to 187.
The Monetary Authority of Singapore (MAS) said it posted a net profit of 10.12 billion Singapore dollars (about 7.4 billion U.S. dollars) during the [...]
Thailand Stock Exchange News
The Stock Exchange of Thailand (SET) composite index gained 0.81 point or 0.09 per cent to close at 854.59 points. The market value was 27.62 billion baht, with 5.79 billion shares traded. The strength of the Thailand Market puts it on track to break 1000 before March 2011 according to Shayne Heffernan of Ebeling Heffernan.
Top [...]
Malaysian Stock Market Posts Gains
Bursa Malaysia ended higher for the day with the benchmark index rising 3.22 points to 1,358.41., 386 were up, 345 were down while 279 remained unchanged. There were 999.6 million shares done at a total value of RM1.48 billion.
Among the heavyweights Axiata jumped 16 sen to RM4.31, Genting rose 5 sen to RM7.85 and DiGi [...]
Ebeling Heffernan Stong Buy AirAsia Carried More Passengers Last Quarter
According to its preliminary operating statistics for April to June that were released yesterday, AirAsia carried 3.89 million passengers in the second quarter compared with 3.52 million a year ago.
The carrier’s load factor increased to 77% compared with 75% previously.
Its available seat kilometres, which measures the airline’s passenger capacity, rose 9.1% to 5.94 million in [...]
Jakarta Hits New Highs
The Jakarta Composite Index posted the biggest gain among major Asian stock markets on the day as some of the biggest companies reported healthy earnings, despite discouraging economic news from the United States on Wednesday.
The JCI rose 39.34 points, or 1.3 percent, to close at 3,096.82. Volume was unusually heavy, with 6.7 billion shares [...]
ASEAN News Summary
• National 3G operator role proposed
A Thai government committee has proposed that state telecom agencies, TOT Plc and CAT Telecom, serve as national 3G operators and end their retail commercial roles to not compete with private operators, the Bangkok Post report..
• PTTEP to sign gas deal with Burma
PTT Exploration and Production Plc (PTTEP) will sign [...]
ASEAN: The Bloc’s profile grows Internationally
The Association of Southeast Asia Nations (ASEAN) has been experiencing a meaningful progress with a growing International recognition as it shows its global competency, an expert said recently.
Bantarto Bandoro, an international expert from the University of Indonesia and a senior researcher in the Indonesian Institute for Strategic Studies (IISS), said that the competency becomes a [...]
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