Updated: October 24, 2014
• Thai Industries Sentiment Index drops
The Thai Industries Sentiment Index (TISI) dropped for the second month in a row, and local sales and export of automobiles also declined.
• BSD records strong sales despite property slowdown
Property developer Bumi Serpong Damai (BSD) has pocketed Rp 5 trillion (US$415 million) in marketing sales during the first nine months of the year, or
• Russian firm set to build $1.5b mineral facilities
Russia’s investment and industrial group Vi Holding may pour around US$1.5 billion into building mineral processing facilities in Indonesia, a Russian minister
• Ha Noi growth slows as purchases decline
Consumer price index (CPI) in the capital city witnessed a light surge while its industrial index registered a sharp increase this October, based on figures
• Tourism Bank Public Company to help develop tourism sector
The Myanmar Tourism Federation will establish a privately-owned Tourism Bank Public Company Ltd to provide financial support to small and medium
Updated:October 24, 2014
Updated: October 17, 2014
The Straits Times Index (STI) ended -13.95 points lower or -0.43% to 3222.55, taking the year-to-date performance to +1.82%.
The FBM KLCI index gained 8.18 points or 0.45% on Friday. The Finance Index increased 0.03% to 16672.91 points, the Properties Index up 1.50% to 1424.35 points and the Plantation Index rose 1.66% to 8143.98 points. The market traded within a range of 9.21 points between an intra-day high of 1819.23 and a low of 1810.02 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