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MANILA: Philippine shares fell over 2% on Monday to their lowest since Oct. 9 as weakness in water utilities hit sentiment, while Thailand stocks were dragged lower by industrials.
SINGAPORE: Southeast Asian stock markets fell on Wednesday, as a slump in US manufacturing activity renewed fears of a global growth slowdown and underscored the damaging effects of the prolonged trade war with China.
BANGKOK: Sarath Ratanavadi has vaulted up Thailand’s billionaire list to become the nation’s second-richest man, as his Gulf Energy Development Pcl outpaces most of the world’s power companies.
BANGKOK: Gulf Energy Development Pcl’s billionaire founder Sarath Ratanavadi plans 150 billion baht (US$4.6bil) of investment in power plants over the next four years after the company’s listing this month.