Economy and commerce
Securities exchange (stock market)
Port gets green light to list on Cambodian stock exchange
The Securities and Exchange Commission of Cambodia has given the Phnom Penh Autonomous Port preliminary approval to make an initial public offering on the country’s fledgling bourse, which the state-run firm expects to join in early December. Should it succeed, the port will be only the ...
Yangon stock exchange risks opening under US sanctions
Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control. However US officials have clarified that under US law it ...
Foreigners pull record US$5b as Southeast Asian stocks sink
Foreign investors are selling Southeast Asian stocks at the fastest pace on record as the region’s economic outlook worsens and the US gets closer to raising interest rates. Overseas funds unloaded a net US$5.1 billion (S$7.28 billion) of Indonesian, Thai and Philippine shares in the third ...
Two companies seek listing despite poor sentiment
The Stock Exchange of Thailand will welcome two new listed companies, despite the shaky market sentiment. JWD InfoLogistics, an integrated logistics service provider, will on 29 September make a debut on the Stock Exchange of Thailand. Keep reading ...
Electricity of Vietnam to sell all shares in ABBank: report
State-owned Electricity of Vietnam has announced that it will sell all of its 16.2 percent stake in An Binh Commercial Joint Stock Bank next month, news website VnEconomy reported on 22 September. Nearly 81.6 million shares will be put up for auction on 14 October, with ...
Bourse softens listing criteria
For companies looking to float shares on Cambodia’s fledgling stock exchange, the rules have just been made easier. After three years and only two listings, the Securities and Exchange Commission of Cambodia has revamped the listing criteria, in a bid to increase the number of companies ...
New bourse rules to lure SMEs
Cambodia’s market regulator has released listing criteria for a new trading platform – with reduced accounting and capital requirements – aimed at making it easier for small- and mid-sized firms to list on the fledgling stock exchange, Sok Dara, deputy director general of the Securities ...
Vietnam index posts biggest single-day jump in 15 months
Vietnam’s benchmark VN Index ended up 3 percent on 26 August, its biggest jump in 15 months, after the government reassured it will maintain the country’s economic growth target and keep the dollar/dong rate stable until the year-end. Keep reading ...
Thai stocks bounce back
Thai stocks have rebounded on the back of the country’s strong economic fundamentals after a steep drop of 64 points to an 18-month low on 24 August, Finance Minister Apisak Tantivorawong said on 25 August.The Thai bourse joined several other Asian and European markets in the ...
How China's downturn is impacting southeast Asia
China’s economic growth for this year is projected by the International Monetary Fund to fall to 6.8 percent – its slowest pace of expansion in over two decades. The slowdown in China – which now accounts for about 15 percent of the global economic output – ...
