Philippines

Asia Real Estate News: Megaworld Posts Profit Jump

Asia Real Estate News Megaworld Corp. net profit jumped by 60 percent to P8.03 billion on double-digit increases in real estate sales, rental and hotel revenues alongside some one-time gain from a share sale. Consolidated total revenues surged by 39.35 percent to P28.63 billion resulting from strong property sales and increased leasing income and nonrecurring [...]

ASEAN Market Preview, Singapore, Thailand, Jakarta, Kuala Lumpur, Manila

ASEAN is looking to lead world markets today as the overnight trading session in the USA was fairly mixed. Thailand will reopen after a long holiday and will most certainly open lower as may markets in Jakarta, Singapore, Kuala Lumpur and Manila. There is some chance of a rally in the afternoon session but with [...]

Philippines Economy 2012

Economic managers of the administration of President Benigno Aquino expressed confidence that the Philippines will soon get a credit rating upgrade. Governor Amando Tetangco of the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, has said that the government expects the country to get a credit rating upgrade “sooner rather than later.” Mr. Tetangco [...]

ASEAN + 3 Equity Preview, Singapore, China, Japan, Indonesia, Thailand, Malaysia, Philippines

ASEAN + 3 Equity Preview, Singapore, China, Japan, Indonesia, Thailand, Malaysia, Philippines Wall St fell sharply Friday and that will be felt early in the week in the ASEAN +3 Markets, Earnings will be the key factor for the week. Wall St This week is one of the busiest weeks of the quarterly earnings reporting [...]

Philippines IT Boom

The Philippine IT-BPO sector is set to become a $25-billion industry by 2016, contributing about 9 percent to the Philippine economy and capturing 10 percent of global demand, Hernandez added. The biggest component came from voice outsourcing, which accounted for 65 percent of total business. The Contact Center Association of the Philippines (CCAP), also headed [...]

Read More » Comments Off April 12, 2012

ADB forecasts Philippine GDP to grow 4.8%

ADB forecasts Philippine GDP to grow 4.8% in Y 2012 The Asian Development Bank (ADB) forecast Philippine economy to expand 4.8% in Y 2012 on back of increased public spending, investment, and private consumption. Philippine GDP is likewise seen to hit 5% in Y 2013, according to ADB’s flagship annual economic publication, Asian Development Outlook [...]

Read More » Comments Off April 11, 2012

Asia Currency Outlook Peso, Baht, RMB, Rupiah, Yen, Singapore Dollar, Ringgit, Kyat, Won

The pressure is mounting on Japan to add stimulus and China is dealing with its slowing expansion. Indonesia is expected to keep Key interest rates unchanged for a 2nd month Tuesday, and South Korea follows. Indonesia’s central bank kept its benchmark rate unchanged at 5.75% last month after cutting borrowing costs in February, as a [...]

Read More » Comments Off April 11, 2012

Philippines and Qatar sign MOUs on tourism, fisheries, investments

Philippines and Qatar sign MOUs on tourism, fisheries, investments The Philippines and Qatar on Tuesday signed 4 bi-lateral agreements and one private sector agreement that would boost co-operation in the areas of investments, tourism, fisheries and the legal field. Philippine President Benigno Aquino III and the Emir of Qatar, His Highness Sheikh Hamad bin Khalifa [...]

Read More » Comments Off April 11, 2012

ASEAN Stock Market Outlook

Last week we exited a good deal of positions prior to this round of earnings, this was done as I feel we are close to AAPL being re-weighted that will spark a short term sell off, Spain will become Greece the Sequel and geopolitical tensions in Syria and Iran are a concern, this week North [...]

ASEAN Affairs News Round Up: Thaksin, Malaysia Rail, Vietnam Real Estate

Get the best ASEAN Magazine www.aseanaffairs.com • Thai opposition leader to reveal Thaksin’s secret talks The opposition is ready to disclose information on alleged talks between ex-premier Thaksin Shinawatra and southern insurgent leaders, said Opposition leader Abhisit Vejjajiva said on Sunday. His remarks came after the government told the opposition to reveal information regarding its [...]

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …