ASEAN

Student Loan Debt Statistics on Average

Student loan debt is a big problem. Find out which states are the best and the worst for student debt. Student Loan Debt Statistics College and university students all over the country have racked up an unprecedented amount of student debt in pursuit of their degrees. According to the Economist, current U.S. student loan debt exceeds $1.2 trillion, a staggering increase of over 300% for the past decade. The extreme level of student debt that's taken on in the wake of the 2008 economic crisis affects spending power and threatens to curb economic growth. "Seven out of 10 graduating seniors leave school with student debt." According to analysis by student debt expert Mark Kantrowitz, the class of 2016 bears the highest average debt to date - $37,172, compared to $28,950 in 2014. For the past ...

Why 2016 Was Not The Worst Year Ever

While many of us eagerly anticipated the start of the new year, one that would bring a clean slate for all that looked forward to new beginnings and an abundance of opportunity, many of us may have neglected to rejoice in some of the most significant moments of 2016 that were just as groundbreaking as they were heart warming. Starting from the very first month, a period of transition that gave momentum for the rest of the year to unfold, each month to follow brought a series of events that made for some of the most talked about viral news stories in history. From viral stories of the UK to viral stories of the US, award winners to those that had the fortune of making the Forbes list, ’16 had just as much controversy as it did celebratory moments. So, is 2016 the worst year ever? After a th...

ASEAN At Its 50s

BANGKOK, Jan 8 (Reporting ASEAN) – ASEAN is 50 years old this year. That is a milestone for a loosely constructed regional organization, which five countries created at the height of the Cold War, to have come this far. Since then, its member countries have since transformed ASEAN into a rules-based entity encompassing all the countries in Southeast Asia. At the end of 2015, the ASEAN Community was officially launched. The founding fathers would have been very proud of the accomplishments resulting from their three-day deliberations during the first week of August in 1967 in Bang Saen, a seaside resort located 80 kilometers outside Bangkok. Obviously, the biggest prize for the grouping has been the preservation of peace, stability and prosperity among the 10 member countries – and their cl...

What Trump needs to know about ASEAN

New United States President Donald Trump must be "fantastically" happy with a "wonderful" Asean because it is the only "great" regional organisation that has no military might and has not been at war. The problem is, he might not know about the grouping at all. Here is a six-point dossier on the 50-year old Asean and its top secrets. First, Asean is not too weak and is not too strong as a regional organisation. It was established in 1967 out of a desire to prevent conflicts and wars, and to promote peace and stability. After three days of "sport-shirt" diplomacy in Bang Saen in August five decades ago, as former Philippine president Fidel Ramos described it, the foreign ministers from the Philippines, Thailand, Malaysia, Indonesia and Singapore signed the Bangkok Declaration. This 752-word...

SET up 7.84 to 1,497.95 at noon

- + The Stock Exchange of Thailand main index advanced 0.53%, or 7.84 points, to 1,497.95 at midday on Friday. Total trading value was 16.32 billion baht, with 4.73 billion shares changed hands. SET50 index climbed 0.57% or 5.33 points, to 933.36 in trade worth 7.93 billion baht. MAI jumped 1.61%, or 9.41 points, to 594.33 in transactions worth 1.1 billion baht. Top 5 most active stocks Close Change Baht % AOT 384.00 +8.00 +2.13 MTLS 24.40 +1.00 +4.27 MINT 36.25 +1.75 +5.07 BANPU 18.90 +0.20 +1.07 MEGA 25.00 +1.30 +5.49

Japan suffers longest consumer price fall since 2011

- + TOKYO - Japan's consumer prices fell in October, government data showed Friday, extending the longest string of declines in five years and underscoring its struggles to conquer deflation. Japan has been struggling to reverse a deflationary spiral of falling prices and lacklustre growth but October's data mark eight straight months of declines -- the longest streak since 2011 The weak inflation data -- core prices excluding fresh food fell 0.4 percent from a year ago -- come several weeks after Japan's central bank pushed back the timeline for hitting its 2.0 percent inflation target. The BoJ's target is a key part of Prime Minister Shinzo Abe's faltering bid to pump up the world's number three economy. The country has been struggling to reverse a deflation...

Australia banks admit to Malaysian ringgit cartel

- + SYDNEY - Australian banks ANZ and Macquarie on Friday agreed to pay Aus$15 million (US$11 million) in fines for trying to manipulate the benchmark rate of the Malaysian ringgit. ANZ has admitted to 10 instances of attempted cartel conduct and Macquarie to eight relating to setting the daily rates for derivative instruments linked to Malaysia's currency in 2011 ANZ admitted to 10 instances of attempted cartel conduct and Macquarie to eight relating to setting the daily rates for derivative instruments linked to Malaysia's currency in 2011. The Australian Competition and Consumer Commission (ACCC) said both banks had cooperated with their investigation, with ANZ agreeing to a Aus$9 million penalty and Macquarie Aus$6 million. The case involved Singapore-based traders communicat...

SET opens up 5.25 to 1,495.36

- + Thai stocks opened up 0.35% at the start of trade this morning. The Stock Exchange of Thailand main index opened at 1,495.36 points, up 5.25 points from Thursday’s close. The trade value was 1.02 billion baht, with 609.58 million shares traded. The SET50 index opened at 931.89 points, up 3.86 points, or 0.42% with a total trade value of 439.38 million baht. The MAI index stood at 587.23 points, up 2.31 points or 0.39%, with total transaction value of 150.81 million baht. Top 5 most active stocks by value Price Change Baht % ADVANC 144.00 0.50 0.35 TFG 7.05 0.05 0.71 EKH 7.30 0.20 2.82 TRUE 7.25 0.10 1.40 MAX 0.12 - -

Gold prices down B200 to B19,900

- + The Gold Traders Association this morning announced the buying prices at 19,450.28 baht per baht-weight for gold ornaments and 19,800 baht per baht-weight for gold bar. The selling prices were set at 20,400 baht per baht-weight for gold ornaments, and 19,900 baht per baht-weight for gold bar. The prices fell 200 baht from yesterday’s close. The buying prices yesterday closed at 19,647.36 baht per baht-weight for gold ornaments, and 20,000 baht per baht-weight for gold bar. The selling prices closed at 20,600 baht per baht-weight for gold ornaments and 20,100 baht per baht-weight for gold bar.

Sepo urges SRT land development

An aerial view of the SRT-held Makkasan plot. KRIT PROMSAKA NA SAKOLNAKORN - + The State Enterprise Policy Office (Sepo) says land development of 39,000 rai held by the debt-ridden State Railway of Thailand (SRT) could offer a quick solution. Director-general Ekniti Nitithanprapas said SRT, one of the biggest landlords in the country, has holdings that are ideal for commercial development. Some 23,000 of the 39,000 rai consists of unused land, and there are five big plots among them with a combined space of 1,500-1,700 rai in Bangkok that have great potential, Mr Ekniti said. He specified two plots at Bang Sue subway station, land near a subway station in Yannawa district near the Chao Phraya River, the Makkasan station in downtown Bangkok and vacant land near Chatuchak market. The rest of...

Acer drops phones for notebook focus

Acer will shift its focus to notebooks after a rough time in Thailand's mid-range smartphone market. - + Acer Computer Thailand, the local operating unit of the Taiwanese computer maker, is pulling the plug on its mid-range smartphones locally after struggling to survive in cut-throat competition for three years. The new plan is to place more focus on computers, particularly in the high-growth thin-and-light notebook segment. "Starting from now, we will stop selling mid-range smartphones in the Thai market, and only remain in the entry-level smartphones segment, priced below 4,000 baht per unit," said Nitipat Praweenwongwuthi, senior marketing director of Acer Computer Thailand. Mr Nitipat said the fierce competition will leave only a few dominant players in Thailand's ...

Yum China eyes buyout of Chinese delivery firm Daojia in $200 million deal

&times &times &times Photo: Pizza Hut Yum China Holdings is in talks to buy food delivery services firm Daojia.com for up to $200 million, two people familiar with the matter told Reuters, as the biggest operator of fast food on the mainland seeks to boost sales from customers dining at home. Yum China has long-term ambitions to triple its outlets in China to more than 20,000, but as dining habits change in the world's fastest growing major economy, food delivery is also becoming a crucial area for restaurant operators to improve sales. The sources warned that discussions are at an early stage and a deal isn't imminent. Yum is keen to make investments in the sector, but it is still debating internally whether to acquire a business or buy smaller stakes in a series of ...

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