Investvine provides the latest region-focused news, opinion pieces, sector analyses, top-level interviews and high information value for ASEAN investors for Inside Investor
Australian mining company Red Mountain Mining has made an exceptionally high-grade gold discovery at its Batangas Gold Project in the Philippines, the firm announced on January 7. The findings include high-grade gold at 50 to 110 grammes per tonne virtually at the surface of its mining site. “The discovery of another lode with high-gold grades … Continue Reading »
Cebu Air Inc., operator of discount carrier Cebu Pacific, on January 8 said it is fully acquiring Tigerair Philippines as part of a strategic alliance forged with Singapore’s Tigerair for codeshare and interline arrangements. In a disclosure to the Philippine Stock Exchange, Cebu Pacific said the alliance gives both airlines the means to expand networks … Continue Reading »
The Philippines’ First Metro Investment Corporation (FMIC), the investment banking arm of the Metrobank Group, said the Philippine economy is expected to continue its strong performance in 2014. ABS-CBN reported. FMIC forecasts a 7 to 7.5 per cent growth of the country’s GDP, well within the government’s growth target of 6.5 to 7.5 per cent. … Continue Reading »
The Philippine’s largest discount carrier Cebu Air Inc., or Cebu Pacific, is seeking to acquire the Philippine unit of Singaporean low-cost airline Tiger Airways Holdings Ltd. in a move to widen market share as competition also prompts its rivals to consolidate, the Inquirer reported. Should the deal be approved, Cebu Air, a unit of Gokongwei-led … Continue Reading »
The Philippine’s business process outsourcing (BPO) industry is buoyant as ever and expected to create around 124,000 new full-time jobs in 2014, Pasig City Rep. Roman Romulo said in a statement on January 1. Pasig City is an area in Manila with one of the highest concentrations of BPO companies. “Based on sectoral projections, we … Continue Reading »
The Philippines’ civil aviation authority said on December 31 it would allow passengers to use mobile phones and laptops to make calls and access the Internet during flights with immediate effect. Civil aviation director general William Hotchkiss said the order covered “transmitting portable electronic devices”. The move will allow “people on board the aircraft conditional … Continue Reading »
Despite making progress over the past years with annual GDP growth of 6 to 8 per cent, the Indonesian economy has lately been experiencing diminishing returns. The country has been experiencing a slowdown due to external factors such as a slowing down of the global economy that is also affecting its major trading partners; Malaysian … Continue Reading »
The year 2013 saw a number of partly violent rallies in Southeast Asia that rocked several nations, with one more major rally expected in Malaysia on New Year’s Eve. Below a compilation: 1. Anti-government protest in Thailand. A large number of rallies were organised by the Thai opposition to oust Prime Minister Yingluck Shinawatra who … Continue Reading »
Starting January 4, 2014, Filipino nationals holding ordinary passports may now enter Myanmar without a visa and stay there for up to 14 days, the Philippine Department of Foreign Affairs said on October 27. The respective agreement has been signed between the governments of Philippines and Myanmar during the visit of Myanmar President U Thein … Continue Reading »
Malaysia’s largest airport operator Malaysia Airports Holdings Bhd. plans to take majority control of its venture which is operating Istanbul’s second-biggest airport, Sabiha Gokcen International Airport. The company agreed to raise its holding in the airport to 60 per cent by acquiring the 40 per cent stake currently held by Indian partner GMR Infrastructure Ltd. for … Continue Reading »
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Barwa Bank
Global Markets Daily
 | |||
|---|---|---|---|
| GLOBAL Indexes | GCC Indexes | ||
| DJIA | 16,662.91 | Qatar | 13,505.26 |
| S&P; 500 | 1,955.06 | Abu Dhabi | 5,052.94 |
| NASDAQ | 4,464.93 | Bahrain | 1,476.97 |
| FTSE | 6,689.08 | Dubai | 4,813.06 |
| CAC | 4,174.36 | Kuwait | 7,234.21 |
| NIKKEI | 15,318.34 | KSA | 10,588.26 |
