Citigroup
Citigroup sells retail banking business in Thailand, Malaysia, Indonesia, Vietnam to UOB
Citigroup agreed to sell its consumer banking businesses in Thailand, Malaysia, Indonesia and Vietnam with a customer base of about 2.4 million to Singapore’s...
Citigroup sells Philippine retail banking business to UnionBank
US banking major Citigroup said on December 23 that it is selling its consumer banking business in the Philippines to Union Bank of the...
Citibank’s retail banking calls it quits in Southeast Asia
Citibank's headquarters in Bangkok, Thailand
US banking group Citibank on April 15 said that it will exit the...
Tokopedia poised to become the next great Asian IPO story
Indonesia’s e-commerce giant Tokopedia, a unicorn valued several billions of dollars, has confirmed its plans for an...
Despite slowdown, Philippines to lead GDP growth in SE Asia this year
Citigroup in a new country study said it expects the Philippines to enjoy the fastest economic growth in Southeast Asia and the third-fastest growth...
Singapore’s GIC warns of challenging investment environment
Singapore's sovereign-wealth fund GIC warned of a challenging investment environment over the next decade, as global central banks unwind easy-money policies amid a modest...
Indonesia prepares first euro bond issue
Developing countries are rushing to issue debt in euros at the fastest pace on record to take advantage of Europe’s ebullient bond market, with...
Vietnam Airlines valued at $2.74b ahead of IPO
Vietnam's national carrier Vietnam Airlines has been valued $2.74 billion ahead of its planned initial public offering (IPO), according to Pham Ngoc Minh, General...
Vietnam Airlines seeks IPO approval
Vietnam Airlines, the country's national carrier, said it expects to get approval in June for the number of shares to be sold at an...
Saudi Arabia has the most mega projects
More than $1.4 trillion worth of mega projects are currently under execution in the Middle East and North Africa, according to a new report...
Indonesia to ban all ore exports in 2014
The Indonesian government will ban all mineral-ore exports in 2014 after it received backing from parliament, said Energy and Mineral Resources Minister Jero Wacik...
Singapore’s GDP jumps 5.1% in the third quarter
Singapore's economy grew 5.1 per cent on-year in the third quarter of 2013, said the Ministry of Trade and Industry (MTI) in advance estimates...
Axiata to buy Saudi Telecom’s Indonesia unit
Malaysia's telecom giant Axiata Group Bhd will buy Saudi Telecom's Indonesian unit in a bid to boost its presence in Southeast Asia's largest economy.
The...
Vietnam Airlines ready for IPO in second quarter 2014
Vietnamese national carrier Vietnam Airlines will launch its initial public offering, or IPO, by the end of the second quarter of 2014, a move...
Singapore state fund revamps investment strategy
Singapore's sovereign wealth fund, which has recently changed its name from Government of Singapore Investment Corp. Private Ltd., said it will shift its global...
High hopes for UAE, Qatar market status upgrade
After five years in a row of missed opportunities, the UAE and Qatar are under consideration for a reclassification from their current frontier market status to that of emerging market, a move deemed overdue by some.
Elections: Malaysia stock market set to dive
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With over 13 million casting their vote in the tightest national...
Philippines gets second investment rating
Global rating agency Standard & Poor's (S&P) has raised its investment rating for the Philippines one level to BBB- from BB+, with a stable...
Latest
Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...