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Eleven Asia- Pacific nations will formally launch a new US$1bil Asian bond fund tomorrow, drawn from their huge central bank reserves to speed up the development of a regional bond market.
Bangkok-based Shin Corporation, with Thai Premier Thaksin Shinawartra as one of its major shareholders, has pledged to forge closer cultural ties and cross-border integration through a joint venture with Malaysia#039;s no-frills carrier, AirAsia, to operate domestic flights in Thailand.
Trade between Thailand and China is expected to triple from the current US$15 billion (euro12.2 billion) annually in the next four to five years as more incentives are granted to Chinese investors, the national news agency said Sunday.
Ogawa World Bhd shares debuted at a 40 sen, or 40%, premium against its issue price of RM1 on the main board yesterday. Executive director Louis Chong said: 'With our successful listing, we will certainly be aggressively expanding our business and brand building in Malaysia and overseas.'