Vingroup JSC’s Le Thi Thu Thuy says she brought a mother’s perspective to Vietnam’s largest mall, adding an indoor water park and ice rink to make it a weekend destination for Hanoi’s 6.8 million residents.
President Xi Jinping defended the buildup of China’s armed forces, saying that the nation will never seek “hegemony or expansion” in the Asia-Pacific region even as it steps up its diplomatic and military presence.
Megaworld Corp., the Philippine builder controlled by billionaire Andrew Tan, plans to spend at least $5 billion in the next decade to develop properties for the nation’s expanding outsource services industry.
Emerging-market stocks rose, with the benchmark gauge poised for the biggest weekly gain since June, as higher profits at Chinese automakers and banks eased concern earnings growth is slowing. Malaysia’s ringgit led developing-nation currencies higher.
China, in the midst of a military buildup challenging the U.S. and Japan, is showcasing its expanded capabilities in the search for Malaysia’s missing plane by deploying hardware from satellites to warships to an icebreaker.
Asian currencies strengthened this week, with the won and ringgit set for their biggest gains in more than five months, as speculation mounted that China will take steps to combat a slowdown in the region’s biggest economy.