June 10, 2013
Reposted from Thanh Nien News
The VN Index rallied 3.8 percent since then to a 27-month high on May 30 before falling 1.3 percent.
Vietnamese regulators will submit a proposal next month to ease restrictions on foreign ownership in companies as they lure more international investors to a stock market that’s 14 times smaller than Singapore’s. The proposal would raise the foreign ownership limit for publicly-traded companies from the existing 49 percent, Vu Bang, chairman of the State Securities Commission, said in an interview yesterday. More…
June 5, 2013
Zain’s Iraq subsidiary is preparing to launch an IPO on the Iraq Stock Exchange
Reposted from Gulf Daily News
The Iraqi unit of Kuwaiti telecoms company Zain launched subscriptions for a long-delayed public share offering yesterday, fulfilling a pledge made in 2007 when it secured a licence to operate in the war-scarred country.
Iraq’s biggest mobile phone service provider, like its two smaller rivals, agreed to float a quarter of its stock and list on the Iraq Stock Exchange (ISX) under the terms of the $1.25 billion licence. More…
March 12, 2013
Reposted from The Economist
THIS week’s leader on the Dow points to the vast gulf between the performance of the US stockmarket and economy on the one hand, and the Chinese economy and the stockmarket on the other. Although it is often assumed that the domestic economy is the main driver of the stockmarket, it usually isn’t. A study by Bank of New York Mellon of the relationship between US GDP growth and the S&P 500 between 1970 and 2012 found virtually no link (an r-squared of 0.0146). More…
February 6, 2013
Asiacell’s IPO, the largest in the Middle East since 2008, will help double the market value of the Iraq Stock Exchange
Reposted from Bloomberg
By Khalid Al-Ansary and Nayla Razzouk
Asiacell Communications PJSC’s share listing in Baghdad today, after the largest initial public offering in the Middle East since 2008, will help lure liquidity and foreign investment to the bourse, the Iraq Stock Exchange chief said.
“The success of the Asiacell shares selling today proved that there is Iraqi and non-Iraqi liquid money willing to be invested in the Iraq Stock Exchange and in Asiacell shares,” Taha Ahmed Abdul-Salam al-Rubaye told reporters in Baghdad today. Trading on the telecommunications company’s shares starts tomorrow, he said. More…
December 28, 2012
Reposted from The Daily Star
Bangladesh Securities and Exchange Commission (BSEC) yesterday formed a panel, which will suggest ways to increase foreign investment in the stockmarket.
The move comes as the stockmarket has been suffering from a liquidity crisis for the last couple of years. More…
December 6, 2012
The expansion of the Theun Hinboun Power Plant in Lao PDR
By Brian Langis
Laos is getting pampered in the financial media with favorable investment headlines and perspectives filled with rosy economic data and statistics. It is comforting to read especially when you have been exposed to recent US and EU investment disaster stories. It is very common to see the headline: “Laos the not-so-sleepy-country anymore” or “Laos is finally waking up”. Sound like a very familiar story? Cautious radars might be going off being reminded of other investments in the region that have gone awry, most recently in Vietnam. More…
August 17, 2012
Reposted from Reuters
Aug 16 (Reuters) – Pakistan’s main stock market closed on a four-year high on Thursday, with investor confidence holding steady after the central bank cut its key policy rate last week, dealers said, but gains were small compared to the previous two sessions. More…
June 26, 2012
Reposted from CNBC Asia
Stock prices are shown on a ticker outside a securities firm
By Ansuya Harjani
While emerging market equities have struggled to hold onto gains this year, Vietnamese stocks have surged 20 percent to become Asia’s best performing market, driven by improving macro-economic fundamentals and stabilization in the local currency.
Further upside is expected for the market, strategists say, with some predicting gains of up to a third for the benchmark VN Index this year, boosted by optimism over company earnings and increasing participation by domestic and foreign investors. More…
May 5, 2012
Reposted from Xinhua
China and Laos
VIENTIANE, May 3 (Xinhua) — Chinese investors were the biggest foreign group in the Lao stock market, Lao Security Exchange (LSX) Chairman and CEO Dethphouvang Moularat said in an exclusive interview with Xinhua on Thursday. More…
April 24, 2012
Reposted from Asia News Network
By Wichit Chaitrong
China has been praised for its successful economic development after adopting a market economy.
It has overtaken Japan to become the world’s second-largest economy. Now Myanmar has started to open up to the world. It will be interesting to see how the country performs. More…