International News
Vietnam Airlines Commits US$7.8 Billion for a Fleet Boost with 50 Boeing 737 Max Aircraft
Vietnam Airlines has inked an agreement worth US$7.8 billion to acquire 50 Boeing 737 Max aircraft from the United States. The strategic move is aimed at modernising the airline’s fleet to cater to surging flight demands, according to Reuters on 11 September 2023. The announcement of this significant agreement between Vietnam Airlines and Boeing was […]
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New Thai PM Unveils Bold Plan: Thailand to Welcome Chinese 30 Million Visitors
Immediately after taking office, Thailand’s new prime minister unveiled a strategic plan aimed at attracting 30 million international tourists by the end of the year. The launch of the Thai economic recovery plan came on 25 August after he stressed the important role of tourism in the country’s short-term economic recovery, according to channelnewsasia on […]
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Three Catalysts for Potential Growth of Asian Stocks in H2 2023
As the global stock market maintains a “neutral” stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, […]
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VinFast Shares Hit US$85.5 billion, Surpassing Mercedes, Honda, Ford & Tesla
In a resounding debut on the prestigious NASDAQ stock exchange, VinFast Auto Pte Ltd. (VinFast) orchestrated a dazzling display of market prowess, propelling its market capitalization to an astounding US$85.5 billion. This remarkable achievement on the very first trading day, marks a staggering ascent from its initial valuation of US$23 billion, underscoring the profound investor […]
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Zombification of China Property Crisis: A Case Study of Evergrande’s Bankruptcy
Amidst the labyrinthine landscape of China’s property market, a distressing trend is emerging, encapsulated by the term ‘zombification’. This phenomenon, characterized by stalled construction projects due to insurmountable financial constraints, is casting a pall over the industry. A closer examination reveals the intricate web of challenges facing property developers, with the predicament rippling out to […]
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Phu Quoc Island’s Property Supply Outpaces Tourist Demand as 17,600 Beachfront Properties See Occupancy Rate Below 30%
Phu Quoc Island, a gem of natural beauty and tourism allure, finds itself at a real estate sector crossroads. As of June 2023, over 17,600 beachfront properties, constituting 24% of the total supply remained unsold. The languishing unsold beachfront villas, shophouses, and condotels, present a clear picture of oversupply in the market. This burgeoning supply […]
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Chinese Real Estate Turmoil: Private Companies Show Declines as State-Backed Shares Rise
China’s property sector experienced a tumultuous start to the week as prominent developer Country Garden Holdings plummeted to a record low, triggering a chain reaction of declining property shares. The crisis unfolded on Monday 14 August, causing Country Garden’s stock to nosedive by 18.4% to HKD 0.80, echoing the company’s weekend announcement of suspending trading […]
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CP Foods Launches First Carbon-Free Cage Egg in Asian Market
In a remarkable stride towards sustainable eating and animal welfare, Charoen Pokphand Foods Plc (CP Foods) has introduced an unprecedented innovation – Asia’s inaugural carbon-neutral cage-free egg. This pioneering creation, certified by the Thailand Greenhouse Gas Management Organization (TGO), underscores CP Foods’ resolute commitment to reducing its ecological footprint. CP Foods’ relentless pursuit of environmentally […]
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Political Impasse Casts Shadows on Thailand’s Property Landscape, While Investors Yearn for New Policy Measures
Thailand’s property market finds itself at a crossroads as the nation grapples with a political impasse, leaving its real estate sector in a state of cautious anticipation. With an eye on the new government, industry stakeholders are yearning for policy measures to stimulate the market, particularly in the wake of the previous government’s fee reductions […]
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Three Indicators: Glimmer of Hope for APAC Real Estate Market, but Depending on China
China’s reopening and the perception that interest rates are nearing their peak have led to brighter economic prospects in the region. However, Q1saw a dip in commercial real estate investment, plunging to its lowest level since 2010. Commercial Real Estate Investment and Sector Analysis: The office sector continues to face pressure, primarily due to high […]
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