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ASEAN News

ASEAN News Summary

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Thailand PTT bids for Carrefour
PTT Plc, Thailand’s largest energy firm, has submitted a bid for the assets of the French retail giant Carrefour in Southeast Asia worth US$1 billion as it takes steps to expand its retail oil business.
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Read More » No commentSeptember 10, 2010

ASEAN Market to Continue Higher

Trading overnight on Wall St pointed to continued growth, Initial claims for state unemployment benefits dropped 27,000 to 451,000, the lowest since the week ended July 10, the Labor Department said. That was well below financial market expectations for 470,000.
Separately, the trade deficit shrank 14 percent to $42.8 billion in July, smaller than the $47.3 [...]

Singapore Gains, GLP to Raise $3b

Singapore closed higher on Thursday, with the benchmark Straits Times Index at 3,022.28, up 0.36 per cent, or 10.86 points.
About 1.37 billion shares exchanged hands.
The Government of Singapore Investment Corp., the world’s fourth-biggest sovereign fund with a portfolio valued at more than $185 billion, is set to list some of its logistics assets October 15 [...]

Read More » No commentSeptember 9, 2010

Bursa Malaysia Gains on Half Day Trade

KLCI continued its uptrend in midday trade in tandem with Asian bourses which were boosted by a slight rebound on Wall Street last night.
The FBM KLCI added 3.64 points to close at 1,437.78 at midday.
402 counters were up, 162 were down while 280 remained unchanged. There were 449.6 million shares done at a total value [...]

Read More » No commentSeptember 9, 2010

ASEAN News Summary

Get the best in ASEAN News at ASEAN Affairs www.aseanaffairs.com
PTT bids for Carrefour
PTT Plc, Thailand’s largest energy firm, has submitted a bid for the assets of the French retail giant Carrefour in Southeast Asia worth US$1 billion as it takes steps to expand its retail oil business.
• Bank [...]

Read More » No commentSeptember 9, 2010

The Philippine Stock Exchange to break 4000

The Philippine Stock Exchange index racked up a hefty 97.78 points or around 2.6 percent to close at 3,902.56.
This strong finish beat the market’s previous all-time high of 3,873.50 posted on Oct. 8, 2007.
The government said Thursday that exports soared 35.9 percent in July as the global recovery sustained demand for electronics goods. President Benigno [...]

Read More » No commentSeptember 9, 2010

Philippines engages Citi and Deutsche Bank

Philippines engages Citi and Deutsche Bank to market Global bond offering
The Philippine government has engages New York based Citibank and financial services giant Deutsche Bank to market its peso-denominated Global bond offering, according to a statement issued Thursday.
The Philippines, Asia’s largest sovereign issuer of foreign currency debt, has also cited Citibank, Credit Suisse, Deutsche Bank, [...]

Asian Stock Market Holiday List

THURSDAY, SEPT 2
Vietnam – National Day
TUESDAY, SEPT 7
Bangladesh – Shab-E-Qadar
WEDNESDAY, SEPT 8
Indonesia – Market Holiday
THURSDAY, SEPT 9
Azerbaijan – End of Ramdan
Indonesia – National Leave before Idul Fitri
FRIDAY, SEPT 10
Azerbaijan – End of Ramdan
Bangladesh – Jamatul Wida/Eid-Al-Fitr
India – Id-Ul-Fitr(Ramzan Id)
Indonesia – Idul Fitri Festival
Malaysia – Hari Raya Puasa(Eid-Ul-Fitri)
Pakistan – Eid-ul-Fitr (Subject to Lunar Sightings)
Philippines – EID’ [...]

Read More » No commentSeptember 9, 2010

ASEAN Stocks to Open Higher

ASEAN will get a boost from overnight trading on Wall St, markets will open higher and should close strongly as investor sentiment turned positive, shrugging off bad Fed Numbers and another Euro Bank scare.
The Dow Jones industrial average .DJI rose 46.32 points, or 0.45 percent, at 10,387.01. The Standard & Poor’s 500 Index .SPX added [...]

Stock Exchange of Thailand Flat, Baht Strong

The Stock Exchange of Thailand (SET) composite index on Wednesday lost 0.01 point or 0.00 per cent to close at 923.88 points. The market value was 34.65 billion baht, with 5.17 billion shares traded.
Despite growing concerns about the strength of the baht, the dollar value of exports from Thailand is expected to increase by 22.9% [...]