Market, Myanmar
FMI Drives Surge in YSX
– Over the month of February into early March, Myanmar investors bought shares in First Myanmar Investment (FMI) at a rapid pace, causing the stock to surge 46% and the Myanpix, which tracks the four stocks listed on the Yangon Stock Exchange, to gain 26%. FMI is
an investment holding company with its primary businesses (more…)
Philippines, Telecommunications
PLDT’s Margins Under Pressure Despite Partnership With Huawei
– PLDT Inc., formerly known as The Philippine Long Distance Telephone Company, agreed to a partnership with China-based Huawei Technologies in mid-February to establish a 5G wireless network in the Philippines by 2020. PLDT probably pursued this agreement to (more…)
Market, Myanmar
YSX Faces Growing Pains One Year After Inception
– Almost one year since trading began on Myanmar’s Yangon Stock Exchange (YSX), the exchange has made marginal progress and faces headwinds. The exchange began with one trading stock, an investment holding company named First Myanmar Investment Co. (FMI) (more…)
Transportation, Vietnam
VietJet’s Impending IPO Underscores Company’s Success, but Regional Consolidation Probably Necessary
– VietJet’s impending initial public offering (IPO) highlights the airline’s quick success in Vietnam—it began service in late 2011—but the saturation of low-cost airlines throughout Southeast Asia will challenge the company’s continued growth, suggesting VietJet and other (more…)
Indonesia, Resources
Grasberg Decision Unlikely To Impact Greatly Rio Tinto
– Rio Tinto might abandon its interests in the Grasberg copper and gold mine in West Papua, Indonesia, underscoring the uncertain Indonesian political environment in which mining companies must navigate. Rio Tinto has a joint-venture interest in the mine with PT (more…)
