Markets

Markets

Markets is a section of Business News on investvine.com
ASEAN’s economic unity:  A role model for the GCC?

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To pay attention to the formation of the ASEAN Economic Community, or AEC, is especially interesting for GCC countries, where ideas of an economic union have been mulled for a number of years as well.
East Timor’s oil wealth growing

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The state oil fund of East Timor showed a balance of $11.77 billion at the end of 2012, surpassing Oman's and Bahrain's with $9.1...
Thailand’s largest ever IPO a done deal

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Bangkok's mass transit company BTS Group Holdings, operator of the city's elevated rail system Skytrain, has been given the nod by the Thai Securities...
Philippine pension fund to invest big

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State-owned Government Service Insurance System (GSIS), the Philippines's largest pension fund with assets of $17.6 billion, has said it will step up its infrastructure...
Khazanah bids $1.8 billion for Thai bank

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Malaysia's state investment holding Khazanah is bidding for General Electric's 25.3 per cent stake in Thailand's Bank of Ayudhya, according to a Reuters  report published...
The wide kaleidoscope of ASEAN politics

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Within the sometimes chaotic politics in ASEAN countries, there are patterns that good governance is emerging, with select members leading the bloc by example while others falter, writes Justin Calderon.
Philippines bullish on investment grade

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The Philippines expects to get the much-awaited investment grade status by international rating agencies Standard & Poor's, Moody's and Fitch in about 6 to...
Manila bourse set for IPO spree

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The Philippine Stock Exchange expects 7 to 10 initial public offerings this year, its president Hans Sicat  said at a press conference at the...
Aquino outlines development roadmap

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Philippine President Benigno Aquino III has outlined a three-pronged developmental approach to sustain the blindingly high economic momentum the country has achieved through heavy...
AirAsia buys into Philippine competitor

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The Philippine subsidiary of AirAsia, the region's largest low-cost airline, has signed a deal to buy 49 per cent of Manila-based Zest Airways and...
CVC to cash in on Indonesia investment

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UK-based investment firm CVC Capital Partners intends to sell a 40 per cent stake in Indonesia’s largest department store operator Matahari, according to a...
Vietnam struggles to boost economy

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Facing a stubbornly slow transition from a state-dominated to a market-oriented economy, Vietnam has now approved a master plan focusing on restructuring public investment,...

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Even though the conflict between Sulu invaders and the Malaysian military is heating up in Sabah and a "civil war" in the state has...
Thailand expects IPO boom this year

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Initial public offerings at the Stock Exchange of Thailand (SET) will reach a record this year with market capitalisation of newly listed companies surpassing...
Myanmar allows private money changers

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The Central Bank of Myanmar has allowed three private companies to open foreign exchange counters in the country in addition to those run by private banks in a move to boost inflow of foreign currency.
Investors not too worried about Sabah conflict

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Companies and investors in Sabah said in a recent poll conducted by The Malaysian Reserve newspaper that they believe the conflict with the Philippine...
ASEAN budget airlines to raise $750m

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In several initial public offerings expected in 2013, a number of ASEAN budget airlines will raise a combined $750 million from the capital markets,...
Investors concerned about Myanmar law

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Foreign investors are still wary of what they feel are obscure investment regulations, inadequate infrastructure and the volatility of the local currency in Myanmar,...