Prior to a scheduled meeting to discuss tariffs with US officials early next week, Finance Minister Pichai Chunhavajira announced on Wednesday ( Apr 16 ) that Thailand plans to import more liquefied natural gas from the United States over the next five years. According to him, there is already aContinue Reading
A deputy governor said on Wednesday ( Apr 9 ) that Indonesia’s central bank will take bold action to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and bond markets. The rupiah hit a record low against the dollar. Older lieutenant governor Destry Damayanti told Reuters thatContinue Reading
Lahore: Pakistan’s national ship has posted an annual income for the first time in more than two years ahead of a second attempt by the government to promote the aircraft, the country’s military minister said. The disclosure was made at a Pakistan International Airlines ( PIA ) board meeting, theContinue Reading
In advance of trade negotiations with Washington over President Donald Trump’s sweeping tariffs, Indonesia announced a string of concessions for US imports on Tuesday ( Apr 8 ), including lowering taxes on electronic goods and steel. Next year, South East Asia’s largest economy will take a high-level delegation to theContinue Reading
Japan: Tokyo’s important Nikkei score fell on Friday ( Apr 4), extending the previous day’s costs after US President Donald Trump sent Wall Street shares tumbling with sweeping new business taxes. In earlier industry, the Nikkei 225 index was down 1.8 per share at 34, 108.23, adding to a dropContinue Reading
Capital markets in Asia were mixed on Friday, with automakers once bearing the brunt of the decline from Wall Street. Tokyo dropped by more than 2 % as Toyota, the largest carmaker in the world, dropped by between 1 % and 3 %. Nippon Steel was also in the darkContinue Reading
Growth has recently been a hot topic in the minds of business executives, industry analysts, and investment advisors.
This is in reaction to the government’s decision to impose tariffs of 10 to 25 % on goods from China, Mexico, and Canada. Additionally, it has imposed tariffs on imports of steel and aluminum and pledged to establish mutual tariffs on all US trade partners starting on April 2.
According to Rishi Kapoor, vice president and general investment officer at Bahrain-based other investment company Investcorp, these changes in the US administration have highlighted the benefits of growth.
The value, the benefits of growth, he said to a section at the WEF forum,” This thing that had been shortchanged for a period of time… that’s then up to the fore.”
According to Ziad Chalhoub, chief financial officer of Dubai-based Majid Al Futtaim Holding, a company that owns and operates shopping malls, financial, and resort properties in the Middle East and North Africa, America’s policies are also affecting money flows.
” I believe that emerging markets are going to begin growing back up again, and I believe that will open up a lot of opportunities for businesses around the world, especially in Asia,” he said.
Many people, including James Soutar, a companion at Hong Kong-based Pacat Capital Management, today see potential in China.
Chinese stocks have shown themselves to have a much stronger underlying purchase case than their American counterparts, Soutar told CNA.
He noted that the company has found that Chinese firms outperform their international competitors in terms of percentage, returns on capital, and capital, as well as earnings per share growth, across different sectors.
” In addition, the stocks of those Chinese firms are trading at a considerable pricing discount to world peers,” Soutar noted.
In recent months, the industry has begun to recognize those qualities, but we still think there is still a long way to go.
Given the current political environment, economy players said they are on the lookout for road bumps.
Hu from Primavera Capital Group claimed that China is vulnerable because of its trading business and that tit-for-tat tariffs pose a real threat.
He noted that China also has a sizable local business and a sizable middle-class business.
Domestic demand rises, as evidenced by China’s ability to boost the confidence of the ordinary Chinese consumer and their willingness to invest. Whatever pull brought on by taxes, that will more than make up for it.
He did point out that taxes are terrible, especially if they persist for a long time.
” I hope the two governments ( US and China ) will continue to put the intense emotions aside, come to the table to negotiate, come to a deal, and make sure whatever the tariffs are are temporarily ( and be ) lifted in time for each other’s mutual interests ( and ) the world.”
Vietnam’s government announced on Wednesday ( Mar 26 ) that it would permit SpaceX to offer its Starlink satellite internet service for free in Vietnam.  , The authorities stated in a declaration that there is no restriction on foreign ownership of the company, adding that the test period will continueContinue Reading
Watchers have warned that businesses are being wracked by doubt amid fears the increasing trade war between big global economies could spark prices, with several investors worrying about a possible slowdown in the United States. Wall Street has been hammered, with the S&, P 500 slipping into a adjustment ThursdayContinue Reading
KUALA LUMPUR/JAKARTA: Prices of cooking oil may be buoyed up for years by stagnating output and a diesel force in major manufacturer Indonesia that are making traditionally low palm oil costlier, eliminating an advantage that even curbed prices of foe oils. Applied in everything from cakes and frying fat toContinue Reading