Thai auto-parts shares have unwound all the gains that they made in the past 12 months as heavily indebted households in Southeast Asia's second-biggest economy tightened their pursestrings and refrained from new purchases.
The Stock Exchange of Thailand main index fell 16.36 points or 1.10% to 1,473.23 on Monday.
The government of Prime Minister Narendra Modi is moving steadily toward introducing India's single biggest indirect tax reform since independence. A proposed Goods and Services Tax (GST) would be the centrepiece of an integrated, comprehensive, IT-based and seamless tax regime replacing 17 taxes by April 1 next year.
China is changing again, with a big nudge from the top. The central government is already in the second year of its latest five-year economic plan, which seeks to "rebalance" the economy so that growth follows a more sustainable path.
KSAM Urged Thai Investors to seek investment opportunities overseas through Foreign Investment Fund (FIF), expressing optimism in the growing healthcare sector, emerging Asian markets and recovering Japan.
Having been open since October 2010, the slow-moving Lao Securities Exchange (LSX) is looking to raise the number of listed companies to about 25 by 2020 from the six that are now trading.
As the Asean Economic Community (AEC) draws near, companies that have already established a regional presence expect to have a competitive advantage. In the financial sphere, few are better positioned than Maybank Investment Bank Berhad (Maybank IB), the wholly owned investment banking arm of Malaysia's largest financial group.
The name of the new central bank governor who will succeed outgoing boss Prasarn Trairatvorakul will be submitted for cabinet approval between July 7 and July 14, says Finance Minister Sommai Phasee.
Business leaders from host of Asia Pacific countries attended the recent St Petersburg International Economic Forum (SPIEF) where numerous deals and details of potential opportunities were discussed.
The past week has been one of the most interesting ones the world financial system has seen in recent history, as Greece became the first developed economy to default on a debt payment to the International Monetary Fund.
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