Asean round-up

In Vietnam on 01/06/2013 at 1:40 pm
The Thai central bank by 25 basis points from 2.75 % to 2.5% a year, in an attempt to stem a rise in the baht, which hit a 16-year high last month. And the govt is considering capital controls. But a strong currency is gd for Thai. acquirers.
C.P. Foods of Thailand Looking for Acquisitions Charoen Pokphand Foods of Thailand wants to buy assets in the United States and Europe after it failed to acquire the American pork producer Smithfield Foods.

Warburg Pincus-Led Consortium Buys Stake in Vietnamese Retailer A consortium led by the private equity firm Warburg Pincus has agreed to buy a 20 percent stake in the Vietnamese retailer Vingroup Joint Stock Company for $200 million. REUTERS

The Philippines economy grew 7.8% (beating even China) in the first quarter from a revised 6.8% the previous quarter, beating analysts’ expectations of an increase of just 6%, as sharply higher investments and government spending offset the impact of faltering demand from China, America and Europe that slowed economies elsewhere in the region.

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