Philippine and Thai shares climbed to all-time highs on Tuesday, while most other Southeast Asian stock markets trod water in line with broader Asia as caution set in after the previous session’s record-setting gains. The Philippine index rose as much as 1 percent to an all-time high of 8,946.01 and was on track for its third straight winning session. Industrial and real estate stocks led the gains, with heavyweight SM Investments Corp gaining as much as 1.2 percent and JG Summit Holdings up 2.7 percent. Typical market strength in the first month of the year and positive data suggest the Philippine market may gain another 100 points, said Eagle Equities President Joseph Roxas. Robust investment inflows and trade deficit data reported last week signalled strength in the Philippine economy, while data released on Monday showed a 2 percent rise in November remittances from overseas Filipinos, a key driver of economic growth. Thai shares rose as much as 0.5 percent to a record 1,831.45 mark, on track for a fourth straight gaining session, helped higher by energy and financial stocks. Brent crude prices were settling in around $70 per barrel, levels last seen before the start of an oil market slump in late 2014. Oil and gas firm PTT rose 2 percent to a record while Bank of Ayudhya soared as much as 8.2 percent. However, trade in most other markets in the region were muted, with MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.4 percent after having hit… [Read full story]
(Cinet) – On Ranking on November, 2013, the FIFA has informed that Vietnam falls 7 points compared to the previous month. In Southeast Asian, the Vietnamese team lost 27 points in voting, pushing it down to fifth in the Southeast Asia region, following Philippines (world number 133), Myanmar (140), Thailand at (142) and Singapore at (154). In Asia, Japan slipped four places to 48th in the world rankings, losing the top position in Asia to Iran (45). The Republic of Korea (54) claims the third position, followed by Australia (59) and Uzbekistan (68). The top ten teams in the world…... [read more]
FDI flow into Vietnam falls 74% in H1 By Quoc Hung - The Saigon Times Daily HCMC - The flow of foreign direct investment (FDI) into the country in the first half of this year fell by a sharp 74% year-on-year to some US$8.8 billion, according to the Ministry of Planning and Investment's Foreign Investment Agency. The agency said that fresh FDI committed in new projects totaled only US$4.7 billion, plus US$4.1 billion injected into 68 operational projects in the year to date. Of note is Ba Ria-Vung Tau Province's Saigon Atlantis Hotel project in which Winvest LLC of the…... [read more]
Fresh FDI approvals fall, disbursements inch upHung Le By Hung Le - The Saigon Times Daily HCMC - New foreign direct investment (FDI) approvals in the first four months of this year have plummeted by more than 40% against a year ago while disbursements by operational projects have risen 6.7% year-on-year. The Foreign Investment Agency under the Ministry of Planning and Investment said that Vietnam attracted around US$4.85 billion in FDI from both new and operational projects from January to April. The agency put FDI disbursements at US$4 billion in the period. According to the agency, 390 new FDI projects…... [read more]
The newly-released movie, “Kungfu Panda 2”, has set three records in the Vietnamese cinema market: the biggest proceeds and the largest number of spectators on the first day, the first three days and the first week of showing. In the first five days shown in Vietnam, from June 1st, its proceeds reached US $1 million, a record that “Avatar” previously took four weeks and three days to achieve. At present, a large number of spectators are waiting to watch the film the predecessor of which sold out at cinemas in Hanoi and Ho Chi Minh City. Thus, “Kungfu Panda…... [read more]
Popular athletes including high jumper Vu Van Huyen, 800m racers Truong Thanh Hang and Nguyen Dinh Cuong set new records at the National Sport Festival on December 28. In men’s discus throw, Nguyen Khac Huy from Da Nang managed 46.02m, breaking the national record. Other two new records were set at the weight lifting for women’s 53kg and 48 kg respectively. So far there have been 38 new national records established at the 6th National Sport Festival. Source: VOV... [read more]
