The top-performing Philippine stock fund in the past five years has doubled holdings of consumer companies as record remittances boost the spending power of shoppers in Southeast Asia’s fastest-growing economy.
Mitsubishi UFJ Financial Group Inc., Japan’s largest financial firm by market value, plans to boost its mergers and acquisitions business in Singapore by moving bankers into the unit that makes corporate loans.
An El Nino watch has been issued by the U.S. Climate Prediction Center, warning of the possible development of the weather-altering event that can bring rain to California and South America and raise winter temperatures in the U.S. Northeast and Midwest.
Indonesia should keep more resources such as natural gas at home to bolster its domestic industries, according to Aburizal Bakrie, who rates himself the favorite to win a presidential election to be held in July.
Palm oil stockpiles in Malaysia, the world’s biggest grower after Indonesia, probably tumbled last month to the lowest level since September as production declined to a one-year low, a Bloomberg survey showed. Futures climbed to the highest level since 2012.
Palm oil advanced to a 17-month high on speculation that stockpiles in Malaysia, the world’s biggest supplier after Indonesia, probably tumbled last month to the lowest level since September as production declined.
Bank Negara Malaysia kept its benchmark interest rate unchanged for a 17th straight meeting to support economic growth and domestic consumption, even as inflation quickened to the fastest in more than two years.
Forest fires brought on by drought in Malaysia and Indonesia fouled air quality to unhealthy levels in parts of Southeast Asia, stoking concerns of a repeat of the haze that engulfed the region in June.