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Costco plans to open three new stores in Melbourne and Geelong within the next two years, investing up to $150 million. CEO Patrick Noone told The Australian in an interview that potential sites were identified near Melbourne’s CBD, and at Officer and…
Thai AirAsia X needs a major restructuring and new investors to prep the airline to resume international routes next year, after Thai AirAsia (TAA) already secured additional funding for the carrier last week. Thai AirAsia X, a long-haul, low-cost carrier…
More than 130,000 new investors opened stock trading accounts in October, including 129,750 local investors, according to the Vietnam Securities Depository. 129,200 of the local investors were retail ones. At the end of October there were over 3.86 million…
Elon Musk’s recent tweets have partly contributed to sending Bitcoin and other cryptocurrencies tumbling, and Vietnamese investors into losses and diminishing their hope in the future of digital currencies. Thien Tuan from the northern town of Mong Cai has…
Investment bankers at global banks in Asia will see lower bonuses this year due to a slump in dealmaking in the region. The bonus pool at UBS’ investment banking unit is 14 percent lower than 2019 for Asia ex-Japan, and 9 percent lower at Morgan Stanley. At…
In a significant move towards financial liberalization, the country issued its first-ever licenses to five foreign fully owned life insurers. It also awarded licenses to six joint ventures to operate in the country. Myanmar’s Financial Regulatory Department…
Coworking startup WeWork plans to open two more offices in Ho Chi Minh City’s District 1 this month. One of them will be at Lim Tower 3, and rents will start at VND6.9 million ($297) per month for a single-seat, according to the company’s website. Another…
Asian investors (60 percent) are among the world’s most optimistic about the economic outlook, ranking behind only Latin America (77 percent). Despite ongoing concerns about a global trade war, six in 10 Singaporean high net worth investors remain optimistic…
In an interview with correspondents from the Vietnam News Agency on the sidelines of the TMS Group’s investment promotion workshop in Osaka on April 9, Nakata said that it is not just Vietnam’s real estate market, but those in some Asian countries like…
Investors are flocking into the bubble tea market since demand is booming across the country. Market researchers have found the market is growing at 20 per cent a year and reached US$300 million two years ago. There are over 100 brands already and many more…
The Indonesia Stock Exchange (BEI) launched an online investment-based simulation game “Nabung Saham Go” (Saving Stocks Go) as one of the measures to introduce the capital market industry to the public, especially to university students. “The game was one of…
The All Indonesia District Administrations Association (Apkasi) will set up an online application system to make it easier for those seeking to invest in the countrys regions, its chairman Mardani H Maming said here on Saturday. “The online application system…
The analysts said that the auction is a unique opportunity for foreign corporations to pour capital into the two retail markets of the highest profit in Southeast Asia. Both the two new potential investors are appreciated for financial strength. Dairy Farm…
The new face from Thailand on the Vietnam stock market is Ton Poh Thai Fund – an investment fund that purchases shares through transactions on the bourse. As of October 31, Ton Poh Thai Fund had net assets of about $135 million. Last year, the profitability…
An attempt by Berli Jucker Plc (BJC) to buy Metro Group’s cash-and-carry unit in Vietnam was aborted on Thursday after its shareholders voted unanimously to reject the EUR655-million (USD775.7 million) deal.
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