Latest Southeast Asia News
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Asian mkts mostly down as investors eye Fed meet
There is not much one can do than pray that the high winds of global volatility die down soon. Note, in the two previous episodes, Re fell by 20% - so far, it is down only about ...
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RI launches green initiative in cooperation with int’l group
Paper Edition | Page: 14 The government launched on Tuesday a two-year green growth initiative as part of its commitment to promoting environmentally friendly development as well as a sustainable economy.The initiative was prepared with the help of South Korea-based Global Green Growth Institution (GGGI).Deputy Minister for National Development Planning Lukita Dinarsyah Tuwo said that the Green ...
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Sampoerna Agro to cultivate its new 14000 ha estate
Paper Edition | Page: 13 As part of its large-scale expansion plan, agriculture company PT Sampoerna Agro is planning to start cultivating its new 14,000-hectare plantation by the end of this year.Sampoerna Agro, whose shares are traded on the Indonesia Stock Exchange (IDX) under the code SGRO, has allocated between 5,000 and 10,000 hectares of the estate for an oil palm plantation, according ...
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Multipolar to drive growth post-IPO
Paper Edition | Page: 13 In a bid to help expand its services and attain 11 percent growth this year, information technology (IT) company PT Multipolar Technology is planning to raise up to Rp 187.5 billion by listing its shares on the stock exchange.Hanny Untar, finance director at the company, said it would release 375,000,000 shares -- equal to 20 percent of their enlarged capital --through ...
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Nothing fishy about TelkomVision acquisition Dahlan
Paper Edition | Page: 13 State-Owned Enterprises Minister Dahlan Iskan said state-owned telecommunication company PT Telkom's decision to sell its TV subsidiary to one of Indonesia's richest men, Chairul Tanjung, was based purely on business rationale.He denied any questionable motives behind the planned acquisition of PT Indonusa Telemedia, commonly known as TelkomVision, by the ...
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Asian Markets Pare Early Gains
markets are mostly trading lower on Wednesday, despite opening on a firm note on the back of a positive lead from Wall Street where the major averages surged higher overnight on some encouraging economic data.Concerns about a likely tapering of asset purchase program by the U.S. Federal Reserve appears to be weighing on sentiment and prompting investors to trim down positions.In the Australian ...
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Hectic week in Asian markets amid Europe’s worries and concerns
Asian markets witnessed a hectic week full of important data from the region’s economy, where Europe’s debt crisis continued to weigh on the outlook and the market, the week of heavy data was very critical, but the star remains China with the surprise rate ...
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Central banks’ decisions and important Chinese data highlight the Asian session this week
Asian markets are waiting for many critical economic data to be released this week, like rate decision for BOJ and RBNZ, as well as China’s trade ...
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Asian stocks extend losses as BoJ woes continue to weigh
Asian stocks slid further on Wednesday as Bank of Japan’s (BoJ) latest monetary policy decision revived fears that other central banks, including the U.S. Federal Reserve, could scale back stimulus ...
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Asian stocks mixed ahead of Fed meeting
Asian stocks were mixed on Tuesday as caution is rising ahead of the U.S. Federal Reserve two-day convening Tuesday, which might give clues on when the central bank could start tapering monetary stimulus amid recovery ...
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Asian stocks jump as Nikkei recovers some losses following strong U.S. data
Asian stocks jumped Friday as strong U.S. data lifted confidence about the ability of the U.S. economy to withstand any cut in stimulus. The upbeat retail sales and jobless claims triggered a rally on Wall Street and soothed the panicking Asian markets ahead of next weeks Federal Reserve policy ...
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STOCKS NEWS THAILAND-Thaicom flat company expects higher 2013 profit
Wed Jun 19, 2013 12:10am EDT Shares in satellite operator Thaicom Pcl were unchanged at 32 baht after climbing at one point to 33 baht following a forecast of higher profit from the company. The tech subindex fell 0.4 percent, erasing earlier gains, while the main Thai stock index, which climbed more than 1 percent earlier, was down 0.3 percent. Thaicom expects strong growth in earnings this ...
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PTI leader calls out Pakistan govt on drone attacks
During Tuesday's session of Pakistan's National Assembly, Pakistan Tehrik-i-Insaaf (PTI) leader Dr Shireen Mazari drew the speaker's attention to the issue of US drone attacks on Pakistani territory, DawnNews reported. Mazari said drone attacks could not be responded to with mere protests, stressing that the government would have to adopt more significant measures. She said even ...
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Philippines to launch 6-month tourist visa
Foreign visitors who want to extend their vacation in the Philippines may now do so without the usual hassles. The Bureau of Immigration (BI) announced on Tuesday that foreigners who would like to stay longer in the country, could avail of a six-month, long-stay tourist visa from the agency. The program is set to be formally launched next week, according to the BI. In a statement, Immigration ...
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Dugong disappearing fast from southern Thailand
Trang's dwindling dugong population is now threatened with extinction as the Seagrass meadows it feeds upon in the waters around Koh Libong have shrunk to 7,306 square rai. Trang is in the south of Thailand and is known for its jungles, mountains, waterfalls and beaches. The head of Trang's Marine and coastal resources conservation centre, Prachuap Mokharat, said yesterday that a ...
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Spore calls on Jakarta to tackle haze
Singapore has called on Indonesia to name those companies which are causing the haze in the region and take action against them for illegal burning. It noted that primary responsibility for dealing with these companies rests with Indonesia because they would have carried out acts on Indonesian territory and broken its laws. Singapore remained ready to work with Indonesia at the provincial ...
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Bangladesh Bank gives green light to ninth new bank
Bangladesh Bank yesterday decided to grant a licence to NRB Global Bank, taking the number of new banks to nine, a spokesman for the central bank said. BB took the decision at its board meeting yesterday with Governor Atiur Rahman in the chair, said AFM Asaduzzaman, general manager of BB. Nizam Chowdhury, a US-based expatriate and chairman of NRB Global Bank, also confirmed The Daily Star on ...
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US offers to help Vietnam fight emerging epidemics
US Secretary of Health and Human Services Kathleen Sebelius has said her country is committed to working with Vietnam to combat emerging epidemics, especially infectious diseases, and to promote the transfer of technology to fight HIV/AIDS. Received by Prime Minister Nguyen Tan Dung in Ha Noi yesterday, Sebelius stressed that the US and Vietnamese health sectors enjoyed close collaboration ...
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Thailands Songkhla ranked fourth highest in human-trafficking
The Royal Thai Police revealed that Songkhla ranked fourth in terms of the number of areas most at risk of human-trafficking crimes at 642, after Bangkok's 1,108, Chumphon's 997 and Prachuap Khiri Khan's 848 locations. This report prompted Social Development and Human Security Minister's secretary Anusorn Eiamsa-Ard to visit the province for inspection yesterday, where he ...
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Malaysias new low-cost airport launch delayed to May 2014 amid construction setback
KUALA LUMPUR, Malaysia - The opening of a new airport to accommodate budget carriers has been delayed until next year because of design changes and other construction setbacks, Malaysia's airport operator says. Malaysia Airport Holdings Berhad said late Tuesday that the contractors for the terminal building of the new airport, who previously said the facility would be completed this month, ...
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S. Sudan Could Drop Austerity Budget as Oil Flows
JUBA, SOUTH SUDAN -- South Sudan’s Council of Ministers has submitted a $5.6 billion dollar national budget to parliament for the new fiscal year, more than double the country’s current austerity budget. But officials warned that they are prepared to slash spending if oil production is shut down again over a new row with Sudan, which has accused Juba of backing rebels in the north ...
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Freeport open mine may resume work this week
Paper Edition | Page: 13 PT Freeport Indonesia likely to resume production activities at its Grasberg open mine site in Papua this week as investigators consider the facility "safe enough", a senior minister has said.While the condition of the hillside of the mining firm's working area needs "close attention", its open pit was quite safe for operations, Energy and ...
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Want a new Thai PM Then vote for someone else
Some Thais appear to have learnt nothing from history - as suggested by a group's calls for the royal appointment of a new premier to replace elected Prime Minister Yingluck Shinawatra. On Monday, the Thai Patriotic Front lodged a petition with the Bureau of the Royal Household seeking a new premier through an undemocratic method. This is the second time in seven years this group of Thai ...
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Suicide blast at Pakistan funeral kills 28 including lawmaker
At least 28 people, including a provincial lawmaker of the Pakistan Tehrik-i-Insaf (PTI), were killed Tuesday when a suicide bomber detonated his explosives during a funeral procession in Mardan district of restive Khyber Pakhtunkhwa province. At least 57 other people were also injured in the blast, said Jaffar Khan, the Deputy Inspector-General (DIG) of police in Mardan. KP Information and ...
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SHOWBIZ Linkin Park comes to town in August
After nearly a decade of anticipation, rap/rock band Linkin Park returns to Malaysia to kick off their Living Things World Tour on August 19 at Stadium National, Bukit Jalil at 8pm. The award-winning, multi-platinum alternative rock band, Linkin Park, comprises lead vocalist Chester Bennington, drummer/percussionist Rob Bourdon, guitarist Brad Delson, bassist Dave "Phoenix" Farrell, ...
South East Asia Digest
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Southeast Asia's growing prominence in world trade
Southeast Asia has been, for many centuries, a major part of world trade and the recent recession has not hampered this position as the region is recovering much faster than many more developed countries.
Southeast Asia, although geographically large, covering an area of around 5 million square miles, is comparatively small economically in relation to the number of people that inhabit the area. The Southeast Asian region is home to over 500 million people and yet the region’s GDP is just US$1.5 trillion, or around US$2,500 per person annually. Read more
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