Asia

  • Indonesia's 1st Female Governor Jailed For Corruption

    Indonesia’s 1st Female Governor Jailed For Corruption

    Indonesia's 1st Female Governor Jailed For Corruption Indonesia's 1st female provincial leader, and head of one of the country's most powerful political dynasties, was jailed for 4 yrs Monday for bribing a top judge over an election dispute. The case of Ratu Atut Chosiyah, 52 anni, has transfixed even graft-weary Indonesia since her arrest last ...
    read more »

  • World's Largest Duty-free Shop Opens In China's Sanya City

    World’s Largest Duty-free Shop Opens In China’s Sanya City

    World's Largest Duty-free Shop Opens In China's Sanya City The world's largest duty-free shop (DFS) opened its doors on Monday in coastal Sanya City in the southern island province of Hainan. The Haitang Bay duty-free shopping center has attracted nearly 300 international brands. For several of them, including Prada, Rolex and Giorgio Armani, it is ...
    read more »

  • China and Middle East to See More Direct Trade

    China and Middle East to See More Direct Trade

    The relationship between China and the Gulf countries can only go one way. China's future depends on the capacity of the Gulf Cooperation Council (GCC) to provide a steady flow of oil for the next decades and the Gulf countries will not find an similar source of rising demand in the years to come. The ...
    read more »

  • Europe and Asia Show Signs of Slowdown

    Europe and Asia Show Signs of Slowdown

    Europe and Asia Show Signs of Slowdown Despite euro zone manufacturers barely raising their prices, growth in the region slowed slightly more than initially thought, and activity in China's vast factory sector slackened on weak foreign and domestic demand, stoking speculation that further policy stimulus would be needed. Euro zone factories stumbled with the final ...
    read more »

  • China's Manufacturing Activity Moderates In August

    China’s Manufacturing Activity Moderates In August

    China's Manufacturing Activity Moderates In August Growth in China's manufacturing sector moderated a bit  in August, pointing to subdued momentum in the economic recovery, new data showed Monday. The purchasing managers' index (PMI) came in at 51.1 in August, down from July's 51.7, according to data released by the National Bureau of Statistics and the ...
    read more »

  • USDJPY Japanese Yen HEFFX Technicals

    USDJPY Japanese Yen HEFFX Technicals

    USDJPY Japanese Yen HEFFX Technicals Our momentum oscillator is currently indicating that USDJPY is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence. USDJPY Japanese Yen closed up 0.120 at 104.170. Volume was 77% below average (consolidating) and Bollinger ...
    read more »

  • USDPHP Philippine Peso FX Trading Daily Update

    USDPHP Philippine Peso FX Trading Daily Update

    USDPHP Philippine Peso FX Trading Daily Update Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 39.8030. This is not an overbought or oversold reading. The last signal was a sell 4 period(s) ago. Relative Strength Index (RSI) The ...
    read more »

  • China, Russia Start Construction Of Joint Nat Gas Pipeline

    China, Russia Start Construction Of Joint Nat Gas Pipeline

    China, Russia Start Construction Of Joint Nat Gas Pipeline OGZPY China and Russia started construction of a joint Nat Gas pipeline in Russia's eastern Siberia this weekend, in implementation of a Nat Gas supply contract signed between the 2 countries. Chinese Vice Premier Zhang Gaoli flew in from Moscow to Yakutsk, the capital city of ...
    read more »

  • USDSGD Singapore Dollar HEFFX Technicals

    USDSGD Singapore Dollar HEFFX Technicals

    USDSGD Singapore Dollar HEFFX Technicals USDSGD Singapore Dollar closed up 0.001 at 1.250. Volume was 55% below average (consolidating) and Bollinger Bands were 35% narrower than normal. Open High Low Close Volume___ 1.248 1.250 1.248 1.250 4,991 USDSGD Singapore Dollar Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bearish Moving Averages: 10-period 50-period ...
    read more »

  • USDTHB Thai Baht HEFFX Outlook

    USDTHB Thai Baht HEFFX Outlook

    USDTHB Thai Baht Outlook Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 64.1794. This is not an overbought or oversold reading. The last signal was a buy 9 period(s) ago. Relative Strength Index (RSI) The RSI shows overbought ...
    read more »

  • Philippines, Malaysia Top Emerging Asian Economies Q-2 Growth

    Philippines, Malaysia Top Emerging Asian Economies Q-2 Growth

    Philippines, Malaysia Top Emerging Asian Economies Q-2 Growth The Philippines and Malaysia recorded an identical 6.4% GDP (gross domestic product) growth for Q-2 of this year while the other Asian emerging economies registered slower growth. Socioeconomic Planning Secretary Arsenio Balisacan said last Thursday that the Philippine economy regained its growth momentum for the period from ...
    read more »

  • Hong Kong Leader To Be Selected By 'Universal' Sufferage In 2017

    Hong Kong Leader To Be Selected By ‘Universal’ Sufferage In 2017

    Hong Kong Leader To Be Selected By 'Universal' Sufferage In 2017 Top Chinese legislator Zhang Dejiang hailed a newly adopted decision on how the leader of Hong Kong will be elected by 'universal' suffrage in 2017 as "another important decision" for the region's constitutional development. Zhang, chairman of the National People's Congress (NPC) Standing Committee, ...
    read more »

  • China Is Keen On Good Relations With Its Neighbors

    China Is Keen On Good Relations With Its Neighbors

    China Is Keen On Good Relations With Its Neighbors The just-concluded visit by Chinese President Xi Jinping to Mongolia which shares a 4,710-km-long land border line with China highlighted China's keenness to make and keep good relations with its neighbors. Describing his 2-day trip to Mongolia as "visiting relatives," Xi quoted a Chinese saying to ...
    read more »

  • Myanmar, Russia Begin Inter-governmental Economic Cooperation

    Myanmar, Russia Begin Inter-governmental Economic Cooperation

    Myanmar, Russia Begin Inter-governmental Economic Cooperation Myanmar and Russia will begin inter-governmental economic cooperation, state-media reported Saturday. Under an agreement reached between Myanmar Minister of National Planning and Economic Development Dr. Kan Zaw and Minister for Economic Development of Russia Alexey V Ulyukaev in Nay Pyi Taw Friday, an inter-governmental commission for trade and economic ...
    read more »

  • China's #1 Aluminum Producer Posts Huge Loss In 1-H

    China’s #1 Aluminum Producer Posts Huge Loss In 1-H

    China's #1 Aluminum Producer Posts Huge Loss In 1-H $ACH The Aluminum Corporation of China Ltd. (Chalco) (NYSE:ACH) the country's largest smelter of the industrial metal, posted a 1-H net loss of CNY 4.123-B (US$669-M), a staggering increase of CNY3.53-B from a year earlier. Chalco attributed the loss to "a significant number of gains from capital ...
    read more »

  • Shanghai FTZ To Build 8 International Trading Platforms

    Shanghai FTZ To Build 8 International Trading Platforms

    Shanghai FTZ To Build 8 International Trading Platforms  The China (Shanghai) Pilot Free Trade Zone(FTZ) will set up 8 international trading platforms by Y 2015, according to a work plan issued by the Shanghai municipal government Wednesday. The platforms will respectively focus on Crude Oil, Gas, Iron ore, Cotton, liquid chemicals, Silver, bulk commodities and ...
    read more »

  • Shanghai FTZ Attracts Ship Management Companies

    Shanghai FTZ Attracts Ship Management Companies

    Shanghai FTZ Attracts Ship Management Companies The Shanghai Pilot Free Trade Zone has attracted its first ship management companies, achieving early success in one of its main goals of boosting shipping business in the port city. As the FTZ approaches the end of its 1st  yr of operation, 3 wholly foreign-funded ship management companies have ...
    read more »

  • Singapore's Phillip Capital Acquires Malaysian Owned Cambodian Bank

    Singapore’s Phillip Capital Acquires Malaysian Owned Cambodian Bank

    Singapore's Phillip Capital Acquires Malaysian Owned Cambodian Bank The Singapore-based Phillip Capital Group has purchased a Malaysian-owned Hwang-DBS Commercial Bank in Cambodia for US$40-M, and rebranded it as Phillip Bank Thursday, a bank's chief said. Phillip Bank's Chairman Lim Hua Min said the Phillip Capital Group, which is an Asian financial service provider, acquired the ...
    read more »

  • USDJPY Remains Overbought

    USDJPY Remains Overbought

    USDJPY closed down -0.070 at 103.780. Volume was 81% below average (consolidating) and Bollinger Bands were 96% wider than normal. Open High Low Close Volume___ 103.870 103.920 103.670 103.780 8,965 USDJPY Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 103.50 102.21 102.53 Volatility: 5 5 7 ...
    read more »

  • Thailand Moves To Halt Stock Manipulation

    Thailand Moves To Halt Stock Manipulation

    Thailand Moves To Halt Stock Manipulation Thailand is planning new rules to halt stock-market manipulation by allowing the regulator to file civil lawsuits and impose hefty fines on the violators. The rules take inspiration from the success of US regulators in getting monetary settlements, Vorapol Socatiyanurak, secretary general of the Securities & Exchange Commission, said ...
    read more »

  • China's Stimulus Expectations Grow On Soft Recovery

    China’s Stimulus Expectations Grow On Soft Recovery

    China's Stimulus Expectations Grow On Soft Recovery Economists and analysts expect more policy easing in the Chinese economy as economic data this month indicating a volatile recovery. Analysts say the latest data suggest China's economic recovery is losing momentum, and more policy easing needs to be rolled out. The HSBC/Markit flash manufacturing purchasing managers index ...
    read more »

  • Trading the Japanese Yen JPY Using Ichimoku

    Trading the Japanese Yen JPY Using Ichimoku

    Shayne Heffernan of HEFFX.com HEFFX is the leading FX broker in terms of pricing, execution, regulation and education. Commonly used in Japanese trading rooms, Ichimoku is often applied to establish the trend for a pair and detect trend breakouts. It is decent during range bound markets and like most indicators performance often improves when used ...
    read more »

  • Thai Junta Chief Confirmed 29th Prime Minister By King

    Thai Junta Chief Confirmed 29th Prime Minister By King

    Thai Junta Chief Confirmed 29th Prime Minister By King Thai General Prayuth Chan-ocha, 60 anni, Monday morning received the royal command formally appointing him the 29th Prime Minister of the country. Gen. Prayuth was selected by the National Legislative Assembly, or the post-coup provisional legislature, as interim premier last Thursday. The Army chief and head ...
    read more »

  • Vietnam To See 17.3% Growth In Imports From China

    Vietnam To See 17.3% Growth In Imports From China

    1Vietnam To See 17.3% Growth In Imports From China Vietnam's import from China in the 1st 8 months of Y2014 is expected to grow 17.3% Y-Y, according to the country's General Statistics Office Tuesday. Vietnam is forecast to spend some US$27.6-B to import goods from China, said the office, quoted by Vietnam News, the online ...
    read more »

  • US Renewable Energy Developer Sees Opportunity In Cambodia

    US Renewable Energy Developer Sees Opportunity In Cambodia

    US Renewable Energy Developer Sees Opportunity In Cambodia The Willowbrook Company, a New York-based renewable energy development company, is seeking support from Cambodia to build a 250-megawatt solar power plant, the Cambodian Ministry of Commerce said in a statement last Friday. Edward J.Sappin, visiting CEO of the Willowbrook Company, urged the support from Cambodian Minister ...
    read more »

  • Qihoo 360 Technology Co Ltd (NYSE:QIHU) Daily Trading Outlook

    Qihoo 360 Technology Co Ltd (NYSE:QIHU) Daily Trading Outlook

    Qihoo 360 Technology Co Ltd (NYSE:QIHU) Daily Trading Outlook Qihoo 360 Technology Co Ltd (NYSE:QIHU)’s upbeat earnings were backed by an increase in revenue-generating segments, online advertising and internet value added services. Online advertising revenue was up 89% YoY to $ 171.3 million. This was a result of a strong contribution from search advertising, mobile ...
    read more »

  • Organization Set Up Boost Tibet's Tourism Industry

    Organization Set Up Boost Tibet’s Tourism Industry

    Organization Set Up Boost Tibet's Tourism Industry  A Chamber of Tourism was established in Lhasa of southwest China's Tibet Autonomous Region on Sunday to help enhance the region's tourism industry. Initiated by 30 private tourism companies, the association is expected to be a platform for local tourism companies to finance, cooperate and promote tourism services, ...
    read more »

  • Apple Inc. (NASDAQ:AAPL) iWorld Asia 2014 Opens

    Apple Inc. (NASDAQ:AAPL) iWorld Asia 2014 Opens

    Apple Inc. (NASDAQ:AAPL) iWorld Asia 2014 Opens Apple Inc. (NASDAQ:AAPL) iWorld Asia 2014 Opens Macworld, co-organized by the Beijing Investment Promotion Bureau and International Data Group (IDG), opened at the China National Convention Center on August 21. The event focused on the latest technologies, cutting-edge products, partnership opportunities and thought leadership from industry insiders, driving ...
    read more »

  • Indonesia's Central Bank Sees Inflation Easing In August

    Indonesia’s Central Bank Sees Inflation Easing In August

    Indonesia's Central Bank Sees Inflation Easing In August  Bank Indonesia, forecast the country's consumer price index in August to rise at a slower pace than July's 0.93%, due to the absence of sentiment that can push prices up, an official of the bank said Friday. The hike of electricity tariff, which has started since May, ...
    read more »

  • Japan's Supermarket Sales In July Down For 4th Month Running

    Japan’s Supermarket Sales In July Down For 4th Month Running

    Japan's Supermarket Sales In July Down For 4th Month Running Japan's supermarket sales in July dropped 2.1% on yearly basis, down for the 4th straight month since the consumption tax hike that came on 1 April, local media reported Thursday. Japan's Kyodo News Agency citing the Japan Chain Stores Association as saying that total sales ...
    read more »

  • Thailand's Military Leader Appointed PM By Parliament

    Thailand’s Military Leader Appointed PM By Parliament

    Thailand's Military Leader Appointed PM By Parliament Thailand's junta  leader, General Prayuth Chan-ocha, 60 anni, was appointed prime minister  Thursday by theThai legislature, giving the Army chief  legitimacy, while the military moves to stablize the nation. The army seized power on 22 May in a bloodless coup following 6 months of sometimes deadly street protests ...
    read more »

  • Singapore's Domestic Wholesale Trade Off 2.2% In Q-2

    Singapore’s Domestic Wholesale Trade Off 2.2% In Q-2

    Singapore's Domestic Wholesale Trade Off 2.2% In Q-2 Domestic wholesale trade in Singapore contracted by 2.2% on Quarter in Q-2 of Y 2014, due to a fall in sales of metals, timber and construction materials, according to the latest report by the Department of Statistics Wednesday. Excluding petroleum, domestic wholesale trade declined 1.6%. After removing ...
    read more »

  • Kamu Lodge Spruces Up Eco-facilities for Guests‏

    Kamu Lodge Spruces Up Eco-facilities for Guests‏

    Three’s a crowd at the smallest and most sustainable bar in Laos, which opens October 2014 at Kamu Lodge Experience on the verdant banks of the Mekong River.  A 20-tent eco-lodge situated 30km upstream from Luang Prabang, Kamu Lodge is enhancing its guest experience with the addition of a new thatched-roof bar featuring unrivalled views ...
    read more »

  • China's FDI Inflows Decline In July, ODI Spikes

    China’s FDI Inflows Decline In July, ODI Spikes

    China's FDI Inflows Decline In July, ODI Spikes Foreign direct investment (FDI) into the Chinese Mainland fell sharply in July, slumping 16.95% from a year earlier to US$7.81-B, the Ministry of Commerce said Monday. The sharp decline was in contrast with a 0.2% increase seen in June, according to the ministry. For the 1st 7 ...
    read more »

  • Myanmar To Open More Border Trade Points

    Myanmar To Open More Border Trade Points

    Myanmar To Open More Border Trade Points Myanmar will open 3  more border trade points in the coming opening season to promote border trade with neighboring countries, according to the Ministry of Commerce last Friday. Of the 3 new border trade points, 2 will lie in Taninthayi Region and Kayah State linking Thailand, while 1 ...
    read more »

  • Vietnam Works To Increase Export Value Of Coffee

    Vietnam Works To Increase Export Value Of Coffee

    Vietnam Works To Increase Export Value Of Coffee Vietnam is 1 of the world's largest coffee exporters, the country is working to raise export value of Coffee, as most of the country's exported Coffee was unprocessed, realizing little profit. Over the past 10 yrs, Vietnam has witnessed a rise in Coffee cultivation areas, productivity and ...
    read more »

  • Chinese Government Eases Lending Restrictions To Drive Growth

    Chinese Government Eases Lending Restrictions To Drive Growth

    Chinese Government Eases Lending Restrictions To Drive Growth BACHY, IDCBF The Chinese government asked banks to ease lending restrictions and add more flexibility for local businesses, especially for local coal and solar companies, where this step may aid government to achieve its growth target this year. The,government asked 8 lenders to keep lending for 3 ...
    read more »

  • Malaysian's Securities Regulator Rejects $317-M Oil & Gas IPO

    Malaysian’s Securities Regulator Rejects $317-M Oil & Gas IPO

    Malaysian's Securities Regulator Rejects $317-M Oil & Gas IPO Malaysia's securitiesregulator rejected a $317-M IPO (initial public offering of) Matrix Capacity Petroleum, IFR reported Friday, citing a source familiar with the deal. The deal would be the biggest in the country for a SPAC (special purpose acquisition company), also known as 'blank check' IPO because ...
    read more »

  • ASEAN Welcomes China's New Maritime Silk Road Initiatives

    ASEAN Welcomes China’s New Maritime Silk Road Initiatives

    ASEAN Welcomes China's New Maritime Silk Road Initiatives ASEAN member states welcome China' s initiative of building the new Maritime Silk Road and wish to enhance corporation in various fields with China within the vision, ASEAN Community Affairs Development Director Danny Lee said. In a recent interview, Mr. Lee said the creation of the new ...
    read more »

  • ASEAN: Vietnam Holds International Fair To Boost Commodies Exchange

    ASEAN: Vietnam Holds International Fair To Boost Commodies Exchange

    ASEAN: Vietnam Holds International Fair To Boost Commodies Exchange The 2014 International East-West Economic Corridor (EWEC) Trade and Tourism Fair was held in Vietnam's central Da Nang city Friday, aiming to facilitate commodity exchanges among countries in the Association of Southeast Asian Nations (ASEAN). The fair draws over 300 booths from 150 international and domestic ...
    read more »

  • Singapore Steps Up Governance Of Charities, Encourages Donations

    Singapore Steps Up Governance Of Charities, Encourages Donations

    Singapore Steps Up Governance Of Charities, Encourages Donations Singapore will step up governance and transparency of charities to attract more donations as the amount of money donated slowed down in Y 2013, according to the latest annual report released by the office of the Commissioner of Charities (COC)  Thursday. Tax deductible donations (TDD) totaled 970-M ...
    read more »

  • Northern China Province Suffers Worst Drought In 63 Yrs

    Northern China Province Suffers Worst Drought In 63 Yrs

    Northern China Province Suffers Worst Drought In 63 Yrs North China's Liaoning Province is suffering the harshest drought in 63 yrs, and things could get worse. Since July, the province has received the least precipitation since meteorological records began in Y 1951, the provincial meteorological bureau said in a statement. The lingering drought has affected ...
    read more »

  • ASEAN Port Symposium 2014

    ASEAN Port Symposium 2014

    ASEAN Port Symposium 2014 Pattaya: Laem Chabang Port calls leaders of ASEAN ports together to join “ASEAN Port Symposium 2014” to welcome AEC and enhance their competitiveness to compete on an international level. Lt. Sutthinan Hatthawong, director of Laem Chabang Port, revealed that Laem Chabang is a deep-sea commercial port with international standards. The port, ...
    read more »

  • Singapore Cuts Export Growth Forecast

    Singapore Cuts Export Growth Forecast

    Singapore Cuts Export Growth Forecast Trade promotion agency International Enterprise (IE) Singapore Tuesday cut its growth forecast for the non-Crude Oil domestic exports of the city state to a contraction of between 1 and 2%. The agency had previously projected a growth of between 1 and 3% for its non-Crude Oil domestic exports (NODX), a ...
    read more »

  • China Must Address Rare Earth Industry Chaos

    China Must Address Rare Earth Industry Chaos

    China Must Address Rare Earth Industry Chaos Illegal mining, black market dealing and smuggling has disrupted the rare earths market and led to a dive in prices of the resources in China. Speaking at the Sixth Baotou China Rare Earth Industry Forum, Jia Yinsong, an official of the Ministry of Industry and Information Technology (MIIT), ...
    read more »

  • Ms. Yingluck Returns To Thailand

    Ms. Yingluck Returns To Thailand

    Ms. Yingluck Returns To Thailand Thailand's  deposed former Prime Minister Yingluck Shinawatra has returned to Thailand from her vacation as scheduled, quashing speculation that she might flee the country to avoid a thorny case, local media reported Monday. She returned to Thai capital Bangkok at about 10 p local time Sunday via a private jet ...
    read more »

  • Chinese Light Industry Profits Rise

    Chinese Light Industry Profits Rise

    Chinese Light Industry Profits Rise Profits in Chinese light industry rose 11.19% Y-Y in 1-H of Y 2014, according to information disclosed in a news release on light industry branding. Between January and June, the main business revenue of players in China's light industry totalled CNY 10.21-T  (US$1.65-T), +10.17% from a year earlier. As a ...
    read more »

  • Singapore Celebrates 49th Anniversary

    Singapore Celebrates 49th Anniversary

    Singapore Celebrates 49th Anniversary Over 27,000 spectators in Singapore joined the National Day Parade at the Marina Bay Floating Platform to celebrate the country's 49th birthday Saturday. Former Minister Mentor Lee Kuan Yew, President Tony Tan Keng Yam, Prime Minister Lee Hsien Loong also attended the ceremony. Themed "Our People, Our Home," the parade, which ...
    read more »

  • China Clarifies Unshakable Position Over South China Sea Issue

    China Clarifies Unshakable Position Over South China Sea Issue

    China Clarifies Unshakable Position Over South China Sea Issue Saturday, Chinese Foreign Minister Wang Yi clarified China's position over South China Sea issue, saying that safeguarding its sovereignty and maritime rights and interests is unshakable. Wang made the clarification at a press conference after the China-ASEAN (10+1) Foreign Ministers' Meeting in Myanmar's capital of Nay ...
    read more »

  • China's July PPI Down 0.9%, Inflation Within Range

    China’s July PPI Down 0.9%, Inflation Within Range

    China's July PPI Down 0.9%, Inflation Within Range China's producer price index (PPI), which measures inflation at wholesale level, dropped 0.9% Y-Y in July, the National Bureau of Statistics said Saturday. The PPI has now dropped for 29 months running, but the pace of decline has narrowed for 4 straight months, down from 1.1% in ...
    read more »

  • Malaysian Airlines (PINK:MLYAF) Proposes To Go Private

    Malaysian Airlines (PINK:MLYAF) Proposes To Go Private

    Malaysian Airlines (PINK:MLYAF) Proposes To Go Private Khazanah Nasional Bhd, Malaysia Airlines' (PINK:MLYAF, KL:3786) largest shareholder, said Friday that it is seeking to delist the national carrier to facilitate its plan to undertake a comprehensive review and restructuring of company Khazanah, which owned 69.37% of the carrier, said that it had requested the company to ...
    read more »

  • China Posts Record Trade Surplus

    China Posts Record Trade Surplus

    China Posts Record Trade Surplus China's strong exports drove its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector. Manufacturing appears to have picked up in the world's 2nd-largest economy, unexpected weakness in the services sector this week renewed concerns ...
    read more »

  • Thailand on the Road to Recovery

    Thailand on the Road to Recovery

    Thailand's military-dominated legislature has held its first meeting in another step toward the country's slow return to electoral democracy after more than two months under the junta's rule. The 197-member National Legislative Assembly will nominate the interim prime minister, who will then choose Cabinet members. It held its first meeting Friday at the parliament in ...
    read more »

  • Indonesia Speeds Up Infrastructure Construction For 2018 Asian Games

    Indonesia Speeds Up Infrastructure Construction For 2018 Asian Games

    Indonesia  Speeds Up Infrastructure Construction For 2018 Asian Games Indonesian's capital city of Jakarta has started to build transportation and sports infrastructure to facilitate the 2018 Asian Games, Jakarta Governor Joko Widodo said Thursday. Speaking on the sidelines of his meeting with officials of Indonesian Olympics Committee (KOI) and of Asian Olympic Council in his ...
    read more »

  • Philippines Economic Update

    Philippines Economic Update

    The administration has a chance to put the Philippine economy on an “irreversible” growth path that would see millions lifted out of poverty if the last two years of President Aquino’s term is used pursuing meaningful reforms. Eradicating poverty might be within reach, World Bank officials said Thursday, if the government could take advantage of ...
    read more »

  • China Continues To Targeted Monetary Policy

    China Continues To Targeted Monetary Policy

    China Continues To Targeted Monetary Policy China's central bank (PBOC) said Wednesday that it will continue to implement a targeted approach in monetary policy in 2-H of Y 2014 and shore up weak links in the economy. More financial support will be provided to rural areas and small businesses to reduce their financing costs, according to a ...
    read more »

  • General Motors (NYSE:GM) Opens Regional HQ In Singapore

    General Motors (NYSE:GM) Opens Regional HQ In Singapore

    General Motors (NYSE:GM) Opens Regional HQ In Singapore General Motors International (NYSE:GM) opened its new Headquarters in Singapore Tuesday to support the regional markets excluding China and Japan. The Headquarters of General Motors International was previously in Shanghai, China, which has been 1 of the most important markets for the company. General Motors president Dan ...
    read more »

  • China Cuts Excess Production Capacity

    China Cuts Excess Production Capacity

    China Cuts Excess Production Capacity China has seen positive developments in reducing excess production capacity as it works to improve economic structure, according to a report of the National Development and Reform Commission (NDRC) Sunday. In 1-H of the year, investment into the steel and electrolytic aluminum sectors dropped by 8.4 and 31% Y-Y respectively. ...
    read more »

  • Cambodia Expects 4.6-M Foreign Tourists In 2014

    Cambodia Expects 4.6-M Foreign Tourists In 2014

    Cambodia Expects 4.6-M Foreign Tourists In 2014 Cambodia is projected to receive 4.6-M international visitors this year, an expected rise of 10% from 4.2-M last year, Minister of Tourism Thong Khon said Sunday. "In the 1st 6 months of this year, more than 2.2-M foreigners visited Cambodia, up 5.2% over the same period last year," ...
    read more »

  • Terrorist Attack in China 37 Dead

    Terrorist Attack in China 37 Dead

    Terrorist Attack in China 37 Dead A total of 37 civilians were killed and another 13 injured in a terrorist attack Monday in Shache County, Kashgar Prefecture, northwest China's Xinjiang Uygur Autonomous Region, authorities said Sunday. Police gunned down 59 terrorists and arrested 215 others, the regional government said after a meeting Saturday presided by ...
    read more »

  • China Eartquake Kills 180

    China Eartquake Kills 180

    A 6.3 earthquake struck southwestern China on Sunday, killing at least 175 people and leaving more than 180 missing and 1,400 injured in a remote area of Yunnan province. The government is sending 2,000 tents, 3,000 folding beds, 3,000 quilts and 3,000 coats to the disaster zone, where heavy rain forecast for the coming days ...
    read more »

  • Qixi Is China's Festival Of Love Not Commerce

    Qixi Is China’s Festival Of Love Not Commerce

    Qixi Is China's Festival Of Love Not Commerce In popular Chinese folktale The Cowherd and the Weaver Maid, two devoted lovers separated by the Queen Mother of the Western Heavens could reunite only on the 7th day of the 7th lunar month. In the evening of that special day, or Qixi, magpies would form a ...
    read more »

  • China's Non-manufacturing PMI Declines In July

    China’s Non-manufacturing PMI Declines In July

    China's Non-manufacturing PMI Declines In July Business activity in China's non-manufacturing sector slightly slowed in July, an official monthly survey showed Sunday. The Purchasing Managers Index (PMI) of the non-manufacturing sector came in at 54.2% in July, down 0.8% from June, according to a report jointly released by the National Bureau of Statistics and the ...
    read more »

  • Chinese Farm Purchases In New Zealand Causes Controversy

    Chinese Farm Purchases In New Zealand Causes Controversy

    Chinese Farm Purchases In New Zealand Causes Controversy Chinese food giant Shanghai Pengxin Group Friday confirmed it was seeking to buy another major New Zealand dairy holding, stepping into a general election campaign row over foreign purchases of New Zealand's productive farmland. The sale, which is subject to approval by New Zealand's Overseas Investment Office ...
    read more »

  • China Real Estate Prices Begin to Slide

    China Real Estate Prices Begin to Slide

    China’s decline in property prices accelerated in July, an independent survey showed, adding to concerns over the sector, a key component of the world’s second-largest economy. The average price of a new home in 100 major cities was 10,835 yuan ($1,757) per square metre last month, down 0.81 percent from June, the China Index Academy ...
    read more »

  • Hong Kong Records HK$19.9-B Deficit In April-June Frame

    Hong Kong Records HK$19.9-B Deficit In April-June Frame

    Hong Kong Records HK$19.9-B Deficit In April-June Frame Hong Kong recorded a deficit of HK$19.9-B (about US$2.57-B) from in Q-2 of Y 2014, the Hong Kong government announced Thursday. The government made public its financial results for the 3 months ended 30 June 2014. The expenditure for the period April to June 2014 amounted to ...
    read more »

  • CNOOC (NYSE:CEO) Crude Oil Fields Begin Production

    CNOOC (NYSE:CEO) Crude Oil Fields Begin Production

    CNOOC (NYSE:CEO) Crude Oil Fields Begin Production China National Offshore Oil Corp. Ltd aka CNOOC (NYSE:CEO), the country's largest offshore Crude Oil producer, announced Thursday that Panyu 10-2/5/8 Oil fields have started production. The Oil fields are expected to hit a combined peak production of 13,000 BPD by the end of Y 2015, a company ...
    read more »

  • Samsung Profits Fall

    Samsung Profits Fall

    Samsung Electronics Co., the world's top maker of smartphones, said Thursday its second-quarter net profit fell 19.5 percent from a year earlier as its mainstay handset business suffered from rising competition in the global market. Net income came to 6.25 trillion won (US$6.1 billion) in the April-June period, compared with 7.77 trillion won a year ...
    read more »

  • Drug-resistant Malaria Hits South East Asia

    Drug-resistant Malaria Hits South East Asia

    Drug-resistant malaria parasites are now firmly established in border regions in four Southeast Asian countries, imperiling global efforts to control the disease, experts warned on Wednesday. Blood samples taken from 1,241 malaria patients found that parasites which are resistant to the frontline drug artemisinin have spread to border areas in western and northern Cambodia, eastern ...
    read more »

  • Intel (NASDAQ:INTC) Vietnam To Produce 80% Of World's Computer Chips

    Intel (NASDAQ:INTC) Vietnam To Produce 80% Of World’s Computer Chips

    Intel (NASDAQ:INTC) Vietnam To Produce 80% Of World's Computer Chips Eighty percent of the semiconductor chips used in computers around the world are expected to be made by the Intel (NASDAQ:INTC) plant in Vietnam, the CEO of Intel Products Vietnam said Wednesday. Intel Products Vietnam has more than 1,000 local employees and it took them ...
    read more »

  • Freeport (NYSE:FCX), Indonesia Align, Copper Exports Resume In August

    Freeport (NYSE:FCX), Indonesia Align, Copper Exports Resume In August

    Freeport (NYSE:FCX), Indonesia Align, Copper Exports Resume In August NEM Last Friday, Indonesia signed a new mining-contract with Freeport-McMoRan Copper & Gold (NYSE:FCX) that will allow the local subsidiary to resume Copper-concentrate exports after 6 months of shut off. The deal is expected to open the door for other miners, such as fellow US-based Newmont ...
    read more »

  • Macao's Economy "doing very well," Diversification Key

    Macao’s Economy “doing very well,” Diversification Key

    Macao's Economy "doing very well," Diversification Key Macao's economy is "doing very well" and has made "amazing" achievements in the past 15 yrs, but economic diversification, particularly into the non-gaming sectors, remains crucial for Macao's stable growth over the long term, according to an International Monetary Fund (IMF) expert. "Macao's economy is doing very well, ...
    read more »

  • Thailand Wants To Export Rice To China, ASEAN Countries

    Thailand Wants To Export Rice To China, ASEAN Countries

    Thailand Wants To Export Rice To China, ASEAN Countries Thailand is looking to release millions of tons of Rice to China and a few Southeast Asian nations throughout 2-H of this year. According to Duangporn Rodphayathi, Thai Foreign Trade Department director general, a quantity of 900,000 tons of Rice is yet to be delivered to ...
    read more »

  • China Real Estate, Is This The Turning Point?

    China Real Estate, Is This The Turning Point?

    China Real Estate, Is This The Turning Point? JPM The Chinese property market is facing a correction period as a downward trend emerged in more cities, with many local governments choosing to boost the market through lifting home purchase restrictions. Hohhot, capital of Inner Mongolia Autonomous Region, on 27 June became the 1st to remove ...
    read more »

  • Indonesia's Defeated Presidential Candidate Claims Election Fraud

    Indonesia’s Defeated Presidential Candidate Claims Election Fraud

    Indonesia's Defeated Presidential Candidate Claims Election Fraud Gen. Prabowo Subianto, 63 anni,, the defeated candidate in Indonesia's closest ever presidential election, filed a lawsuit with the Constitutional Court (MK) to challenge the official election results Friday. The move is seen to prolong the uncertainty in the country. Spokesman for the Prabowo  campaign team said  that ...
    read more »

  • China Told Britain To Stop Interfering In Hong Kong Political Affairs

    China Told Britain To Stop Interfering In Hong Kong Political Affairs

    China Told Britain To Stop Interfering In Hong Kong Political Affairs Friday, China told Britain to stop interfering in Hong Kong affairs as a parliamentary committee conducted an inquiry on the 30-yr implementation of a Hong Kong joint declaration. "Such practice is an interference of China's domestic affairs," said Foreign Ministry spokesman Hong Lei, referring to ...
    read more »

  • Philippine City Of Iloilo To Host 2015 APEC Meetings

    Philippine City Of Iloilo To Host 2015 APEC Meetings

    Philippine City Of Iloilo To Host 2015 APEC Meetings The City of Iloilo, the City of Love, central Philippines will host meetings of the Asia Pacific Economic Cooperation (APEC) in Y 2015. Marciano Paynor Jr., director general of the National Organizing Committee of the APEC 2015, said Iloilo will host the SME Ministerial Meeting from ...
    read more »

  • Hong Kong Real Estate News

    Hong Kong Real Estate News

    Hong Kong Real Estate News Resale prices for public housing declined by 1.4 percent in the second quarter this year from the previous quarter, despite the 16 percent rise in the number of Housing and Development Board (HDB) flats transactions, the HDB said on Friday. The Resale Price Index, which tracks the overall price movement ...
    read more »

  • Philippines Real Estate Outlook

    Philippines Real Estate Outlook

    MANILA, Philippines–Lending for the construction of new buildings and homes would slow down following the recent imposition of capitalization limits to curb excessive risk taking in the real estate sector. Deputy Governor Nestor A. Espenilla Jr. said that the regulator’s new real estate stress test (REST) limits that took effect earlier this week would prevent ...
    read more »

  • ASEAN Markets Downgraded as US Economy Shrinks

    ASEAN Markets Downgraded as US Economy Shrinks

    ASEAN Markets Downgraded as US Economy Shrinks Southeast Asia should expect slower growth this year as tighter monetary conditions in the world’s more advanced economies could destabilize financial markets in the region. The International Monetary Fund (IMF) this week also slashed its growth forecast for the rest of the world mostly due to the US ...
    read more »

  • Challenges Will Haunt Indonesia's Newly Elected President

    Challenges Will Haunt Indonesia’s Newly Elected President

    Challenges Will Haunt Indonesia's Newly Elected President The reformer Joko Widodo was declared the winner of 2014 presidential election, bringing the hopes of good governance and sound reforms to the country. The official results released Tuesday night by the Indonesia's General Elections Commission, locally called KPU showed Joko Widodo, 53 anni, received almost 71-M votes, ...
    read more »

  • Finance May 'Derail' China's Reform Efforts

    Finance May ‘Derail’ China’s Reform Efforts

    Finance May 'Derail' China's Reform Efforts BCMXY Chinese Premier Li Keqiang has an extensive reform agenda, and allowing easier credit for small business is one of the toughest items on his To-Do list. In the State Council's executive meeting Wednesday, Premier Li again pledged to reduce financing costs for enterprises, particularly for small businesses. Since ...
    read more »

  • Asia's Emerging Economies Urged To Curb Income Inequality +

    Asia’s Emerging Economies Urged To Curb Income Inequality +

    Asia's Emerging Economies Urged To Curb Income Inequality + As rapid economic growth improves average income level in Asian economies, most emerging economies in the region have also seen a staggering rise in income inequality, prompting analysts to urge them to take concrete steps to address the disparity in income issue. The adoption of export-oriented ...
    read more »

  • Qualcomm Incorporated (NASDAQ: QCOM) $150 Million to Strategic Venture Fund in China

    Qualcomm Incorporated (NASDAQ: QCOM) $150 Million to Strategic Venture Fund in China

    Qualcomm Incorporated (NASDAQ: QCOM) $150 Million to Strategic Venture Fund in China Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has made a commitment to invest up to $150 million in Chinese startup companies across all stages. Qualcomm will invest in Chinese companies that further the development of mobile technologies in the following areas: Internet; ...
    read more »

  • TransAsia Airways Taiwan Crash Latest News

    TransAsia Airways Taiwan Crash Latest News

    TransAsia Airways Taiwan Crash Latest News TransAsia Airways says in a statement that forty-eight people have been confirmed dead and 10 injured in Wednesday¡¦s tragedy. Flight GE 222, smashed into residential buildings after a failed emergency landing in the outlying island county of Penghu Wednesday evening. The plane was flying from Kaohsiung to Makung, with ...
    read more »

  • USDSGD Singapore Dollar Outlook

    USDSGD Singapore Dollar Outlook

    USDSGD Singapore Dollar Outlook FOREX SGD= closed up   0.001 at   1.238.  Volume was 82% below average (consolidating) and Bollinger Bands were 8% narrower than normal. Open     High      Low     Close     Volume___ 1.237    1.238    1.236    1.238       1,868 Technical Outlook Short Term:          Oversold Intermediate Term:   Bearish Long Term:           Bearish Moving Averages: 10-period     50-period     200-period Close:              1.24           1.25           1.26 ...
    read more »

  • Shanghai-Hong Kong Stock Excahnge Tie-up Pushes HK Shares Higher

    Shanghai-Hong Kong Stock Excahnge Tie-up Pushes HK Shares Higher

    Shanghai-Hong Kong Stock Excahnge Tie-up Pushes HK Shares Higher Hong Kong Hang Seng Index (HSI)hit its highest in the past 7 months Tuesday and climbed close to 24,000 pts ending at 23,972 pts Wednesday, thanks to stronger Mainland market and the Shanghai-Hong Kong stock connect, which will be launched in October. "The surge of Hong ...
    read more »

  • TransAsia Flight Emergency Landing in Taiwan, Penghu County, 45 Dead

    TransAsia Flight Emergency Landing in Taiwan, Penghu County, 45 Dead

    TransAsia flight makes emergency landing in Taiwan's Penghu county, killing 40: Xinhua As many as 45 people are feared dead and nine people are injured after a passenger plane operated by TransAsia Airways crashed on the outlying island county of Penghu Wednesday. The local fire department said that the 45 had no signs of life ...
    read more »

  • China To Contribute To New Global Trade System

    China To Contribute To New Global Trade System

    China To Contribute To New Global Trade System Premier Li Keqiang Tuesday said  China will join in and contribute to the construction of a new global trade system. Li also called on the United States to be more open and to create more favorable conditions for the 2 countries' deeper cooperation, while meeting a delegation ...
    read more »

  • Joko Takes 53% Of Vote, Wins Indonesia's Presidential Election

    Joko Takes 53% Of Vote, Wins Indonesia’s Presidential Election

    Joko Takes 53% Of Vote, Wins Indonesia's Presidential Election Governor of Indonesia's capital city Jakarta Joko Widodo qualified to become the nation's new president after the General Election Commission (KPU) settled the vote count Tuesday, showing Joko's win over Gen. Prabowo Subianto. Delivering the official announcement on the winner of the vote tally, General Election ...
    read more »

  • HSBC Raises China GDP Growth Forecast

    HSBC Raises China GDP Growth Forecast

    HSBC Raises China GDP Growth Forecast Monday, world banking giant HSBC upgraded its forecast for China's Y-Y GDP (gross domestic product)  growth to 7.5 from 7.4% saying the economic recovery is stronger than expected. The Chinese economy expanded 7.5% Y-Y,and 2% Q-Q in Q-2. In 1-H of Y 2014, China's economy expanded 7.4% Y-Y. GDP ...
    read more »

  • ASEAN Senior Economic Officials Meeting In Myanmar

    ASEAN Senior Economic Officials Meeting In Myanmar

    ASEAN Senior Economic Officials Meeting In Myanmar A 3-day ASEAN senior economic officials meeting is underway in Yangon to make preparations for an ASEAN economic ministers meeting scheduled for August, sources said Sunday. The ASEAN Senior Economic Officials Meeting, the 1st hosted by Myanmar began Saturday, attended by delegates from ASEAN countries and dialogue partners ...
    read more »

  • ASEAN Outlook Downgraded

    ASEAN Outlook Downgraded

    Southeast Asia nations, along with China, Japan and Korea, doubled swap reserves in the Chiang Mai Initiative Multilateralization, or CMIM, to $240 billion on Thursday, in an effort to fend off risks regarding balance-of-payments and short-term liquidity difficulties as growth in the region slows. Asia Development Bank, the region development lender that is also known ...
    read more »

  • Timeline Set For Shanghai-Hong Kong Stock Exchange Tie-up

    Timeline Set For Shanghai-Hong Kong Stock Exchange Tie-up

    Timeline Set For Shanghai-Hong Kong Stock Exchange Tie-up China's securities regulator announced Friday more plans for the pilot program to connect the Shanghai and Hong Kong stock exchanges. Supporting policy documents and business rules will be released soon, with 2 network tests scheduled for the end of August and mid-September, said Zhang Xiaojun, spokesman for ...
    read more »

  • Thai Military Junta Lets ex-PM Yingluck Shinawatra Leave Country

    Thai Military Junta Lets ex-PM Yingluck Shinawatra Leave Country

    Thai Military Junta Lets ex-PM Yingluck Shinawatra Leave Country The NCOP has given permission to deposed former prime minister Yingluck Shinawatra to leave the country for the first time since the 22 May coup, a military spokesman said Thursday, even as  prosecutors seek a criminal indictment of her for corruption from the country's supreme court. ...
    read more »

  • China Sees Lackluster External Demand In Years Ahead

    China Sees Lackluster External Demand In Years Ahead

    China Sees Lackluster External Demand In Years Ahead China should expect lackluster external demand to continue for years to come as the world's major economies may be entering a period of "great moderation," a senior economist said Thursday. Speaking at the Future China Global Forum in Singapore, Hu Yifan, chief economist at Hong Kong-based securities ...
    read more »

  • Malaysia Airlines Flight 17 Latest News

    Malaysia Airlines Flight 17 Latest News

    Malaysia Airlines Flight 17 Latest News Ukraine's state security chief has also accused two Russian military intelligence officers of involvement in Thursday's events. Valentyn Nalyvaichenko said he based his allegation on intercepts of phone conversations between Russian officers, saying the conversation implicates the pro-Russian side. In an exclusive interview with the state-run Russia 24 TV ...
    read more »

  • Thailand Exempts Chinese Tourists From Visa Fees

    Thailand Exempts Chinese Tourists From Visa Fees

    Thailand Exempts Chinese Tourists From Visa Fees Thailand's military junta has agreed to a proposal to exempt Chinese tourists, including those from Taiwan, from visa fees for 3 months, local media reported Thursday. In a bid to boost tourism, the National Council for Peace and Order (NCPO) agreed to waive visa fees for Chinese tourists ...
    read more »

  • Asian Banks: Time to Sell

    Asian Banks: Time to Sell

    Asian banks can expect bad loans to rise in the coming months as interest rates trek up, putting pressure on over-leveraged borrowers’ ability to meet their obligations, Moody’s Investor Service said Wednesday. Fortunately, the debt watcher said adequate loan-loss buffers built up over the years were expected to protect the region’s financial system from any ...
    read more »

  • Rain Kills 18 in China

    Rain Kills 18 in China

    Heavy rains have killed at least 18 people in southern China and a state news agency said six more were missing Thursday after a landslide. Southern China was also bracing for the arrival of Typhoon Rammasun on Friday, with wind gusts expected to surpass 140 kilometers per hour. The typhoon has left at least 40 ...
    read more »

Research 1 of 6

sign_up

Get the HEFFX Daily Alerts, FX, Commodities, Stocks, Futures Once a Day FREE!

Recent News

Get the HEFFX Daily Alerts, FX, Commodities, Stocks, Futures Once a Day FREE!

heffx metastock_30_day-300x250