Updated: October 22, 2014
• Malaysia and Indonesia to join forces to make Asean car a reality
Malaysia and Indonesia will soon join forces in the automotive industry to make the Asean car a reality, says Prime Minister Datuk Seri Najib Tun Razak.
• Thai Deputy PM visits ASEAN Secretariat; meets with ASEAN SecGen
H.E. General Tanasak Patimapragorn, Deputy Prime Minister and Foreign Minister of Thailand, paid a visit to the ASEAN Secretariat yesterday after attending
• Cambodia bond a possibility
The launch of an unrated Laotian government bond on Thailand’s bond market could pave the way for Cambodia to issue its own government bond
• Sales of government retail bonds surpass Rp 21 trillion
The government raised Rp 21.22 trillion (US$1.76 billion) from the sales of its 11th retail bond (ORI011) as the high-yield debt papers attracted ever more
• Taiwan’s Foxconn optimistic about investing in RI
Taiwan’s Foxconn Technology Group, the world’s biggest electronic components maker, is optimistic about kickstarting its planned investment in Indonesia
Updated:October 21, 2014
Updated: October 17, 2014
The Straits Times Index (STI) ended +21.69 points higher or +0.68% to 3202.74, taking the year-to-date performance to +1.20%.
The FBM KLCI index lost 6.92 points or 0.38% on Tuesday. The Finance Index fell 0.34% to 16612.83 points, the Properties Index dropped 0.40% to 1388.41 points and the Plantation Index down 0.53% to 7946.87 points. The market traded within a range of 10.17 points between an intra-day high of 1804.83 and a low of 1794.66 during the session. More
Updated: October 22, 2014
Smartphone sales in seven key Southeast Asia markets reached more than USD 16.4 billion in past 12 months: GfK
Smartphone ownership continues on its uptrend across Southeast Asia, raising total sales in the last 12 months in the seven markets of Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam and Cambodia to a high of nearly 120 million units. The latest GfK findings for the region reflect a spike in smartphone (including phablets) sales by 44 percent in volume and 24 percent in value compared to the same period a year ago.
“The big developing countries are the ones fuelling the strong surge in adoption as many outside the big cities are probably just making the switch from their basic feature phone and acquiring their first smartphone,” highlighted Gerard Tan, Account Director for Digital World at GfK Asia. “For instance, the markets of Indonesia, Vietnam and Thailand have performed extremely well this year, reporting high growth of over 30 percent in generated revenue and More
Red and White coalition takes legislative leadership posts. Defeated presidential candidate Prabowo Subianto’s Red and White coalition on October 8 narrowly elected Zulkifli Hasan of the National Mandate Party as speaker of the People’s Consultative Assembly, which includes both houses of parliament. The coalition also swept the four deputy speaker posts, voting in members of the Golkar, Democrat, and Prosperous Justice parties, and an officially unaligned member of the upper house. The votes came six days after the coalition elected Golkar’s Setya Novantoas speaker More