Asia

  • 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 »

  • Indonesia Sees 4.2-M Ton Rice Surplus This Year

    Indonesia Sees 4.2-M Ton Rice Surplus This Year

    Indonesia Sees 4.2-M Ton Rice Surplus This Year Indonesian agriculture ministry forecast the country's Rice (hulled) outputs to be surplus by 4.2-M ton this year despite a decline in production of un-hulled Rice, a senior official said here on Wednesday. This is the country's 1st of its 3 forecasts of Rice production in a year, ...
    read more »

  • China GDP Likely Grew at 7.5% In 1-H Of 2014

    China GDP Likely Grew at 7.5% In 1-H Of 2014

    1China GDP Likely Grew at 7.5% In 1-H Of 2014 China’s GDp growth for 1-H of this year, along with other important economic indicators will be released Wednesday. Ahead of the data release, we talked to analysts on China’s growth and the government micro-stimulus for different sectors. China's economy has began to slow, the Chinese government ...
    read more »

  • E-House (China) Holdings Limited (NYSE: EJ) China Real Estate News

    E-House (China) Holdings Limited (NYSE: EJ) China Real Estate News

    E-House (China) Holdings Limited (NYSE: EJ) China Real Estate News E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced the launch of China's first real estate financial services platform, "Fang Jin Suo," and its associated website, www.fangjs.com, along with the platform's first two real ...
    read more »

  • China Welcomes WTO Ruling Against US Trade Remedy Measures

    China Welcomes WTO Ruling Against US Trade Remedy Measures

    China Welcomes WTO Ruling Against US Trade Remedy Measures China's Ministry of Commerce has welcomed the latest ruling from World Trade Organization (WTO) that found the US countervailing measures against some Chinese products violated WTO rules. The ministry said Monday that it welcomed the backing for multiple claims by China but regretted that some other ...
    read more »

  • Alibaba Group Holding Ltd. (NYSE:BABA): Entitled to Add More Directors without Shareholder Vote

    Alibaba Group Holding Ltd. (NYSE:BABA): Entitled to Add More Directors without Shareholder Vote

    Alibaba Group Holding Ltd. (NYSE:BABA) is entitled to appoint more directors without shareholder approval, according to an amendment filed with the U.S. regulatory agency on Friday, July 11, 2014. The disclosure indicates that the partnership governing the Alibaba Group is strengthening its grip over the Chinese company ahead of its U.S. initial public offering. The ...
    read more »

  • Sony Corp (ADR)(NYSE:SNE) Latest Xperia Z2 Leaks

    Sony Corp (ADR)(NYSE:SNE) Latest Xperia Z2 Leaks

    Sony Corp (ADR)(NYSE:SNE) the maker of the distinctive Xperia smartphones it expected to release the latest version of its most popular series, Sony Corp (ADR)(NYSE:SNE) Xperia Z3, soon. However, preceding the release details of the model are latest leaks, which have burst the expectations. At first glance, it appears that the Sony Corp (ADR)(NYSE:SNE) Z3, ...
    read more »

  • Singapore Economy Grew Just 2.1% In Q-2

    Singapore Economy Grew Just 2.1% In Q-2

    Singapore Economy Grew Just 2.1% In Q-2 Singapore's economy grew by just 2.1% Y-Y in Q-2, dragged by a slowdown in manufacturing, the Ministry of Trade and Industry said in its advance estimates released Monday. The increase was smaller than the 4.7% growth recorded in Q-1. It is lower than the market estimates. On a ...
    read more »

  • Chinese Economy Burdened By Downward Economic Pressures

    Chinese Economy Burdened By Downward Economic Pressures

    Chinese Economy Burdened By Downward Economic Pressures Chinese leaders stress the flexibility of their GDP growth target, but an inspection team commissioned by the State Council found that attaining "reasonable" growth remains a struggle. The group inspected government work in Hebei, Liaoning, Heilongjiang and Beijing from 25 June to 5 July. It noted that slowed economic growth, ...
    read more »

  • Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow Singapore’s economy contracted unexpectedly in April-June for the first time in seven quarters. Singapore’s GDP shrank by 0.8 percent in the second quarter from the previous quarter on a seasonally adjusted and annualized basis, a much weaker outcome than the median forecast of 2.5 percent growth seen in a Reuters ...
    read more »

  • Hong Kong SAR Affairs Internal To China

    Hong Kong SAR Affairs Internal To China

    Hong Kong SAR Affairs Internal To China A spokesperson of the Office of Commissioner of the Chinese Foreign Ministry in Hong Kong said Saturday that it is beneficial to all concerned parties to remain Hong Kong's prosperity and stability. "It is widely acknowledged by the international community that since Hong Kong's return to China 17 ...
    read more »

  • Hong Kong IPO News

    Hong Kong IPO News

    WH Group is seeking to raise HK$23.4 billion as early as this month after significantly slashing the size of its deal. The world's biggest pork producer, formerly known as Shuanghui International Holdings, canceled its HK$41.12 billion initial public offering in April amid lackluster sentiment. The group, which has BOC International and Morgan Stanley as its ...
    read more »

  • China-South Korea FTA Good For Both Countries

    China-South Korea FTA Good For Both Countries

    China-South Korea FTA Good For Both Countries MCO A free trade agreement (FTA) between China and South Korea will be positive for both countries as the deal will strengthen the strong economic ties between the 2 countries, a global credit rating company Moody's (NYSE:MCO) said. "Last Thursday, the leaders of China and Korea pledged to ...
    read more »

  • China's Export Growth Continues, 2-H Outlook Higher

    China’s Export Growth Continues, 2-H Outlook Higher

    China's Export Growth Continues, 2-H Outlook Higher China's exports rose for a 3rd month running  in June as the country's foreign trade continued its uptrend, relieving some pressure on the central government. The exports increased 7.2% Y-Y to US$ 186.8-B in June, with the growth pace slowing mildly from May, the data released Thursday by ...
    read more »

  • Silver Prices Gain After The Fed Minutes

    Silver Prices Gain After The Fed Minutes

    Silver prices posted impressive gains in the month if June but struggled to keep the pace with the growing momentum in the coming week. In fact, on Tuesday, it closed with the drop of 0.6% on the week. It must have continued with its downward momentum. However, the U.S. Federal Reserve Minutes provided the much ...
    read more »

  • Indonesia Election Standoff, Both Candidates Claim Victory

    Indonesia Election Standoff, Both Candidates Claim Victory

    Indonesia Election Standoff, Both Candidates Claim Victory Indonesian President Susilo Bambang Yudhoyono urged the 2 candidates in Wednesday's disputed presidential election to keep their supporters in check during what will be an agonizing 2 to 3 wk wait for an official result. Police are on alert Thursday across the archipelago, the world's 4th-most populous nation, ...
    read more »

  • India's Economy Estimated To Grow At Up To 5.9%

    India’s Economy Estimated To Grow At Up To 5.9%

    India's Economy Estimated To Grow At Up To 5.9% India's economy is expected to grow from 5.4 to 5.9% in FY 2014-15, said an official economic survey published Wednesday. The Economic Survey 2013-14, recieved Wednesday in the Lok Sabha or Lower House of Parliament, said a poor monsoon, external environment and poor investment are dampening ...
    read more »

  • North Korea Fires 2 Ballistic Missiles

    North Korea Fires 2 Ballistic Missiles

    North Korea Fires 2 Ballistic Missiles North Korea on Wednesday fired what appeared to be two short-range missiles into the sea in the latest in a series of launches interspersed with spurned peace overtures to South Korea. A spokesman for the Joint Chiefs of Staff in Seoul said the two missiles were fired from the ...
    read more »

  • Hong Kong Gets a Downgrade

    Hong Kong Gets a Downgrade

    Hong Kong Gets a Downgrade Banking giant HSBC on Monday cut its investment outlook for Hong Kong, saying the planned Occupy Central civil disobedience campaign in the territory could sour relations with the mainland and hurt the city's economy. In an updated version of the report published today, the lender said residential market was instead ...
    read more »

  • Indosat Looks for Bond Buyers to Refinance

    Indosat Looks for Bond Buyers to Refinance

    Indosat, the country’s second-biggest cellular operator, plans to raise approximately $650 million from selling bonds next year to refinance the company’s debt. The dollar-denominated bonds, which mature in seven years, will be sold in the second quarter of 2015, Andromeda Tristanto, Indosat’s vice president of investor communication, said on Monday. No further details such as ...
    read more »

  • Property Prices Under Pressure in Jakarta

    Property Prices Under Pressure in Jakarta

    Standard and Poor’s has predicted that Indonesia’s listed property firms may miss their sales target this year, but expected sales to rebound in the third quarter this year. “We expect contracted sales to be at least 20 percent lower than managements’ projections for 2014, given reduced transaction volumes,” the rating agency said in sa report ...
    read more »

  • FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update Foreign exchange reserves rose for the fourth consecutive month in June to $80.7 billion as foreign money in various forms continued to flow into the country, the central bank reported Monday. Documents released Monday showed the country’s gross international reserves (GIR) rose to their highest level for the year ...
    read more »

  • US Falls Asia Follows

    US Falls Asia Follows

    US stocks closed lower for a second day in a row as investors positioned themselves for corporate earnings reports. The Dow Jones industrial average fell 117 points, or 0.7 percent, to close at 16,906 Tuesday. The Standard & Poor’s 500 index lost 13 points, or 0.7 percent, to 1,963. The Nasdaq fell 60 points, or ...
    read more »

  • India Speeds Up Project To Build Its 1st 'Bullet' Train

    India Speeds Up Project To Build Its 1st ‘Bullet’ Train

    India Speeds Up Project To Build Its 1st 'Bullet' Train India will speed up a project to build its 1st  Bullet Train from its financial capital Mumbai to Ahmedabad, Gujarat, in its railway budget presented Tuesday, said local daily The Times of India. A high-speed train will run at a maximum speed of 320 km ...
    read more »

  • Myanmar Promotes Banking Sector, Stock Exchange Coming This Year

    Myanmar Promotes Banking Sector, Stock Exchange Coming This Year

    Myanmar Setting Out To Promote Banking Sector The Central Bank of Myanmar announced that it would allow foreign banks to operate banking business in the country by September this year as part of its efforts to promote its banking sector. The move will be the 1st for Myanmar to allow foreign bank operations two decades ...
    read more »

  • PBOC To Boost Stimulus

    PBOC To Boost Stimulus

    PBOC To Boost Stimulus BAC, JPM, CS, China’s central bank moving to support economic growth with unconventional tools that Credit Suisse Group AG (NYSE:CS) and Everbright Securities Co.(SS:601788) say look more like QE fiscal policy. The People’s Bank of China (PBOC) this year started a CNY 100-B (US$16-B) quota for relending earmarked for agriculture and ...
    read more »

  • Perfect World Co., Ltd. (NASDAQ:PWRD) Games Update

    Perfect World Co., Ltd. (NASDAQ:PWRD) Games Update

    Perfect World Co., Ltd. (NASDAQ:PWRD) Games Update Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its recent business developments as of July 7, 2014. Press Release Issued During the Period: April 29, 2014 - Perfect World Files 2013 Annual Report on ...
    read more »

  • Chancellor Merkel Moves Germany Closer To China

    Chancellor Merkel Moves Germany Closer To China

    Chancellor Merkel Moves Germany Closer To China DB, DLAKY, EADSY, SIEKY, VLAKY Beijing and Berlin forge ever closer ties, Angela Merkel marks her 7th trip to China as the German chancellor at this weekend. During her 4-day stay, Ms. Merkel will meet Chinese President Xi Jinping and Premier Li Keqiang, both of whom have paid a ...
    read more »

  • Foreign Textile Firms Invest In Vietnam Ahead Of TPP Enactment

    Foreign Textile Firms Invest In Vietnam Ahead Of TPP Enactment

    Foreign Textile Firms Invest In Vietnam Ahead Of TPP Enactment Foreign investment in Vietnam's textile and garment sector is increasing rapidly as international firms seek to take advantage of benefits the country will potentially derive when the Trans-Pacific Partnership (TPP) Agreement becomes a reality. Several companies from Chinese Mainland, China's Hong Kong and Taiwan, Japan, US, ...
    read more »

  • Banking Industry Sees Opportunity In Asia's Urbanization

    Banking Industry Sees Opportunity In Asia’s Urbanization

    Banking Industry Sees Opportunity In Asia's Urbanization Industry leaders at a banking forum in Singapore Friday said they see huge business opportunities from urbanization in Asia, highlighting themes such as infrastructure, consumer products and agriculture. The infrastructure sector of the region alone calls for investments of US$ 2.4-T in the years from now til Y ...
    read more »

  • Malaysia Port Kelang Sets Up International Trade Settlements Center

    Malaysia Port Kelang Sets Up International Trade Settlements Center

    Malaysia Port Kelang Sets Up International Trade Settlements Center Representatives from EXIM Bank of Malaysia and Port Kelang International Trade and Halal Industry Development Center discussed the establishing the international trade settlement center in the Port Kelang Free Trade Zone (PKFZ). On the supporting financial service for exporters who would invest and trade in PKFZ, ...
    read more »

  • Vietnam To Earn $1.3-B From Pepper Exports By 2020

    Vietnam To Earn $1.3-B From Pepper Exports By 2020

    Vietnam To Earn $1.3-B From Pepper Exports By 2020 Vietnam has set to earn US$ 1.2 to 1.3-B from Pepper exports by Y 2020, a recent planning of Vietnam's Ministry of Agriculture and Rural Development (MARD) showed Thursday. According to the planning, Vietnam will strive to maintain a Pepper grown area of 50,000 hectares across ...
    read more »

  • Indonesian Firm Inks Deal With US Firm To Import LNG

    Indonesian Firm Inks Deal With US Firm To Import LNG

    Indonesian Firm Inks Deal With US Firm To Import LNG CQP The Indonesian Crude Oil-and-Nat Gas state firm PT Pertamina has signed a 2nd agreement to purchase liquefied Nat Gas (LNG) from US- based Cheniere Energy Inc.(NYSE:CQP), a move aiming at meeting gap in domestic Nat Gas demand, Pertamina said in a statement Wednesday. Under ...
    read more »

  • Thailand's Inflation Falls On Price Control Measures

    Thailand’s Inflation Falls On Price Control Measures

    Thailand's Inflation Falls On Price Control Measures Thailand's inflation dropped in June as a result of the military junta's measures to maintain prices of commodity products, the Ministry of Commerce said Tuesday. The Consumer Price Index stood at 107.79 in June, down 0.10% from May, adviser to the ministry Ampawan Pichalai said, adding the figure ...
    read more »

  • ASEAN: RMB Yuan Cross-border Financial Forum Held In Kuala Lumpur

    ASEAN: RMB Yuan Cross-border Financial Forum Held In Kuala Lumpur

    ASEAN: RMB Yuan Cross-border Financial Forum Held In Kuala Lumpur  The RMB Yuan cross-border Financial Forum and cross-border bi-lateral Business Promotion held in Kuala Lumpur. The event was co-hosted by the Bank of China (HK:3988) in Malaysia and Fujian Branch of the Bank ofChina. Wu Zhengping, economic and commercial counselor in the Chinese embassy, said, Chinahas become the largest trading partner ...
    read more »

  • Indonesia, China Agree On Tangguh Nat Gas Price Hike

    Indonesia, China Agree On Tangguh Nat Gas Price Hike

    Indonesia, China Agree On Tangguh Nat Gas Price Hike The Indonesian renegotiation team has made agreement with buyer in Fujian, China over the rise of LGN (liquefied natural gas) price from Tangguh field in Papua of Indonesia, an Indonesian official said Monday. Indonesian Energy and Mines Minister Jero Wacik revealed that both sides agreed to ...
    read more »

  • China's Agriculture 'Watchdog' Rejects US GMO Corn

    China’s Agriculture ‘Watchdog’ Rejects US GMO Corn

    China's Agriculture 'Watchdog' Rejects US GMO Corn China's quarantine watchdog has returned 1.25-M tonnes of Corn shipments from the United States in recent months over GMO (genetic modification) concerns, an official said Monday. Since October, Chinese authorities have been finding US Corn shipments tainted with genetically modified strain MIR162, said Lu Chunming, an official with ...
    read more »

  • ASEAN and the AEC

    ASEAN and the AEC

    Shayne Heffernan takes a look at ASEAN and the AEC If the United States is a reluctant superpower, then the Association of Southeast Asian Nations (Asean) is a reluctant economic bloc, said a panelist in this year’s Asian Business Conference “2015 Approaching.” Paulius Kuncinas, Asia regional editor of the Oxford Business Group on June 26 ...
    read more »

  • China Developing Flood And Drought Resistant Farmland

    China Developing Flood And Drought Resistant Farmland

    China Developing Flood And Drought Resistant Farmland China is setting up to develop 800-M mu (53.3-M hectares) of drought and flood resistant farmland by Y 2020 in an effort to ensure output, agriculture minister Han Changfu said Saturday. Restrained by land and water resources, China will  rely on soil technology and new varieties of seed ...
    read more »

  • Human Rights Group Seeks Better Conditions For Thailand's Migrants

    Human Rights Group Seeks Better Conditions For Thailand’s Migrants

    Human Rights Group Seeks Better Conditions For Thailand's Migrants Thai authorities should treat migrant workers humanely and with compassion even as they pursue their relentless campaign against human traffickers in the country, a human rights activist has said here. Sunai Pasuk, the Bangkok-based coordinator for the Human Rights Watch, has called on the Thai authorities ...
    read more »

  • China Holds To Its Five Principles Of Peaceful Coexistance

    China Holds To Its Five Principles Of Peaceful Coexistance

    China Holds To Its Five Principles Of Peaceful Coexistance Chinese President Xi Jinping said Saturday that the Five Principles of Peaceful Coexistence initiated 60 yrs ago are not outdated, they remain as relevant and important as ever in handling international relations. "Having been tested by the evolution of international relations in the past six decades, ...
    read more »

  • Myanmar Will Allow Foreign Banks To Operate In September

    Myanmar Will Allow Foreign Banks To Operate In September

    Myanmar Will Allow Foreign Banks To Operate In September The central bank of Myanmar will allow foreign banks to conduct business in the country in September, local media reported Saturday. At least 5 to 10 out of over 40 foreign banks having representative offices in the country will be chosen in line with rules and ...
    read more »

  • Thailand Has Completed Drafting Its Interim Charter

    Thailand Has Completed Drafting Its Interim Charter

    Thailand Has Completed Drafting Its Interim Charter Thai military junta leaderArmy Chief General Prayuth Chan-ocha Friday night said the drafting of an interim constitution has been completed. The draft is expected to be promulgated in July, General Prayuth said in his weekly televised address. A legislative assembly and an interim government will be set up ...
    read more »

  • Indonesian Bank Gets $45-M Loan To Expand IDB Trade

    Indonesian Bank Gets $45-M Loan To Expand IDB Trade

    Indonesian Bank Gets $45-M Loan To Expand IDB Trade  Indonesian export financier, Indonesia Eximbank, secured a 3 yr service tenure loan worth US$ 45-M from Islamic Development Bank (IDB), aimed at expanding the nation's trade to IDB member countries, a statement said Friday. "The loan would be used to directly and indirectly support exports on ...
    read more »

  • China Leads The World In Trade Of Renewable Energy Products

    China Leads The World In Trade Of Renewable Energy Products

    China Leads The World In Trade Of Renewable Energy Products China leads the world  in the trade of renewable energy products, a survey from the UN Environmental Programme (UNEP)  showed on Wednesday. The survey indicates that China leveraged on decreased manufacturing costs and increased investment to boost the trade. "While there was a decline in ...
    read more »

  • The Medient Studios Inc (OTCMKTS:MDNT) Mess

    The Medient Studios Inc (OTCMKTS:MDNT) Mess

    The Medient Studios Inc (OTCMKTS:MDNT) Mess A day later to the filing of a lawsuit by Savannah-based Medient Studios Inc (OTCMKTS:MDNT)'s founder and ex-CEO Manu Kumaran, seeking to dissolve the company, it is reported that the Securities and Exchange Commission (SEC) has also moved to suspend the trading in the stock. The move adds Medient ...
    read more »

  • Vietnam's Rice Export At 2.68-M Tons In 1-H

    Vietnam’s Rice Export At 2.68-M Tons In 1-H

    Vietnam's Rice Export At 2.68-M Tons In 1-H Vietnam's rice export hit nearly 2. 68 million tons from the start of this year till date, down by 23. 48 percent year on year, said Vietnam Food Association (VFA). Vietnam Industry and Trade Information Center (VITIC) under the Ministry of Industry and Trade on Wednesday quoted ...
    read more »

  • The Impact Of Iraq Conflict On Asian Equity Markets

    The Impact Of Iraq Conflict On Asian Equity Markets

    The Impact Of Iraq Conflict On Asian Equity Markets Participants and analysts are divided on how the latest Iraq conflict is impacting on  Asian stock markets and the overall growth of the Asian emerging economies. Crude Oil prices have been more volatile in here due to the conflict in Iraq, with both WTI and Brent ...
    read more »

  • Abe's Cabinet Endorses Ambitious Growth Strategy

    Abe’s Cabinet Endorses Ambitious Growth Strategy

    Abe's Cabinet Endorses Ambitious Growth Strategy Tuesday, Japanese Prime Minister Shinzo Abe's cabinet endorsed the new package of economic reforms aimed at boosting the earning power of corporations, deregulating deflation-hampered sectors and implementing structural changes to address the nation's shrinking population. The ruling Liberal Democratic Party (LDP) threw its weight of support behind the economic ...
    read more »

  • Singapore's CPI Hit 2.7% In May

    Singapore’s CPI Hit 2.7% In May

    Singapore's CPI Hit 2.7% In May Singapore's Consumer Price Index (CPI) rose 2.7% Y-Y in May, the highest since March 2013, according to figures released by the Department of Statistics Monday. The private road transport cost rose  by 8.1%, is the main driver that pushed up the figure. MAS and the Ministry of Trade and ...
    read more »

  • Thailand's Economic Growth Forecast Raised For 2014

    Thailand’s Economic Growth Forecast Raised For 2014

    Thailand's Economic Growth Forecast Raised For 2014 Kasikorn Research Center, the renowned think tank in Thailand, announced that it had raised its forecast for Thailand's economic growth in Y 2014 from the earlier 1.8 to 2.3%. Since it took over national administration on 22 May, the military junta has rolled out a line of economic ...
    read more »

  • Myanmar's 3 Ancient Cities Put On World Heritage List

    Myanmar’s 3 Ancient Cities Put On World Heritage List

    Myanmar's 3 Ancient Cities Put On World Heritage List Myanmar's 3 Pyu ancients cities have been inscribed into the World Heritage List for the 1st time, state media quoted the UNESCO as reporting Monday. According to a statement of the UN Educational, Scientific and Cultural Organization (UNESCO)'s World Heritage Committee, the three Myanmar ancient cities ...
    read more »

  • ASEAN: Indonesia Sees Chance To Ramp Up Automotive Industry

    ASEAN: Indonesia Sees Chance To Ramp Up Automotive Industry

    ASEAN: Indonesia Sees Chance To Ramp Up Automotive Industry The Indonesian government expected automotive industry to develop faster when the ASEAN economic community kicks off next year, a minister said Monday. Indonesian Industry Minister MS Hidayat disclosed that the competitiveness of the country's automotive industry has been on the rise as huge investment flew in ...
    read more »

  • Most Thais Approve Of Military Junta's Performance

    Most Thais Approve Of Military Junta’s Performance

    Most Thais Approve Of Military Junta's Performance Sunday, an opinion survey released showed that the Thai military junta has recieved a high degree of approval from the people for its performance after taking over national government's administration on 22 May. The National Council for Peace and Order (NCPO) received an approval rate of 8.82 out of ...
    read more »

  • Rebuilding The Silk Road Trading Route

    Rebuilding The Silk Road Trading Route

    Rebuilding The Silk Road Trading Route China and other countries along the ancient trade route are working to rejuvenate economic ties shared for millennia. As a land-entry port and border market connecting China and Kazakhstan, Horgos is known as a border station in the Xinjiang Uygur autonomous region's Ili Kazakh autonomous prefecture. Its history can ...
    read more »

  • Democracy Poll In Hong Kong Gets 500-K Votes By 2nd Day

    Democracy Poll In Hong Kong Gets 500-K Votes By 2nd Day

    Democracy Poll In Hong Kong Gets 500-K Votes By 2nd Day 500-K+ votes were cast for full democracy in Hong Kong by the 2nd day of an unofficial online poll organized by activists and labeled illegal by China's State Council Since the city’s return to Chinese rule in Y 1997, a pro-Beijing committee has selected ...
    read more »

  • Thailand Military Government Attempts Moral Cleansing

    Thailand Military Government Attempts Moral Cleansing

    Thailand Military Government Attempts Moral Cleansing Thailand's new ruling junta doesn't like the way the country is portrayed in the movies as a haven for drugs, thugs, lawlessness and ladies of the night. It's not that the movies are entirely wrong. But the junta chief says Thailand should be ashamed of its image, and has ...
    read more »

  • New Business Registrations In Cambodia Up 55% In 5 Months

    New Business Registrations In Cambodia Up 55% In 5 Months

    New Business Registrations In Cambodia Up 55% In 5 Months Friday, Cambodia's Ministry of Commerce said that it has granted operating licenses to 1,676 new firms in the 1st 5 months of Y 2014, up 55% as compared with the 1,084 companies for the same period last year. Foreign businesses accounted for 749, up 46%, ...
    read more »

  • Food Safety Tops The Agenda For World Meat Congress

    Food Safety Tops The Agenda For World Meat Congress

    Food Safety Tops The Agenda For World Meat Congress The 20th World Meat Congress is ongoing in Beijing. The week-long gathering of domestic and overseas meat vendors includes a discussion forum as well as a product exhibition. Over 500 people from 35 countries are gathered in Beijing this week for the annual world meat congress. ...
    read more »

  • World 3D Printing Technology Expo Opens In Qingdao, China

    World 3D Printing Technology Expo Opens In Qingdao, China

    World 3D Printing Technology Expo Opens In Qingdao, China The 2014 World 3D Printing Technology Industry Exhibition opened Thursday in east China's costal city of Qingdao, attracting 110 3D printing companies from home and from abroad. Firms from more than 10 countries or regions are attending, including the United States and Germany. About 1,000 printing ...
    read more »

  • IMF Wants To Ensure Myanmar's Sustainable GDP Growth

    IMF Wants To Ensure Myanmar’s Sustainable GDP Growth

    IMF Wants To Ensure Myanmar's Sustainable GDP Growth The International Monetary Fund ( IMF) has stressed the need to ensure Myanmar's GDP growth is sustainable and inclusive through the "decisive implementation" of a broad range of policy and structural reforms, state media quoted a statement of the IMF Thursday. The IMF predicted that Myanmar will ...
    read more »

  • China's Southern Iraq Oilfields Not Affected By Turmoil

    China’s Southern Iraq Oilfields Not Affected By Turmoil

    China's Southern Iraq Oilfields Not Affected By Turmoil CEO, BP, XOM PetroChina (HK:0857), the largets  investor in Iraq's Crude Oil sector, is pulling some of its staff out of the Middle East nation, but production is not affected as militant Islamists threaten the stabilityof OPEC's 2nd-largest producer. China is Iraq's largest Crude Oil client, and ...
    read more »

  • GHM Wins in Arbitration over Setai Miami

    GHM Wins in Arbitration over Setai Miami

    SINGAPORE (June 18, 2014) – Following two years of arbitration proceedings in Florida after the forceful takeover of The Setai Miami by its owner, Lehman Brothers, in the pre-dawn hours of March 31, 2012, the ICC International Court of Arbitration ruled yesterday that all previous allegations of mismanagement were baseless and have awarded damages to ...
    read more »

  • India's Stocks Market Rallies Over 300 Pts

    India’s Stocks Market Rallies Over 300 Pts

    India's Stocks Market Rallies Over 300 Pts Indian stocks rose the most in a week Tuesday, halting a 2-day fall as energy companies and lenders climbed. The benchmark Sensex index closed at 25,521.19 pts, + 330.71 pts or 1.31% up from the prior close at 25,190.48 pts. The Indian equities markets and other commodities such ...
    read more »

  • Singapore's Non-Crude Oil Domestic Exports Fall 6.6% In May

    Singapore’s Non-Crude Oil Domestic Exports Fall 6.6% In May

    Singapore's Non-Crude Oil Domestic Exports Fall 6.6% In May Singapore's non-Crude Oil domestic exports, a Key gauge of its export performance, fell by 6.6% Y-Y, the country's trade promotion agency International Enterprises Singapore said Tuesday. The decline came after a 0.9% increase in April. The market had expected a moderate expansion in May. Statistics show ...
    read more »

  • US Insurance Giant AIG (NYSE:AIG) To Exit Sri Lanka

    US Insurance Giant AIG (NYSE:AIG) To Exit Sri Lanka

    US Insurance Giant AIG (NYSE:AIG) To Exit Sri Lanka  Global insurance giant American International Group (NYSE:AIG) is closing business in Sri Lanka, the company said in a statement Friday. AIG was one of the 19 General insurance providers in the Sri Lankan market and its share was insignificant. This move has made industry analysts emphasize ...
    read more »

  • Malaysia's Economy Expected To Grow Strongly In 2014

    Malaysia’s Economy Expected To Grow Strongly In 2014

    Malaysia's Economy Expected To Grow Strongly In 2014  Malaysia’s economy would grow strongly this year, Malaysian PM Najib said on his social webpage. He said under the influence of the  Unite States and EU economic recoveries, Malaysia’s GDP achieved a remarkable Y-Y growth of 6.2% in Q-1. Malaysia’s total export in April increased by 18.9%  from ...
    read more »

  • Rupiah Trading: Indonesia Gives Weak Economic Outlook

    Rupiah Trading: Indonesia Gives Weak Economic Outlook

    Shayne Heffernan takes a look at growth in Indonesia. Indonesia’s central bank kept its key interest rate on hold Thursday, taking a cautious stance ahead of presidential polls, but gave a gloomy assessment for growth prospects this year. Frontrunner Joko Widodo is facing an increasingly tight race against ex-general Prabowo Subianto at the July 9 ...
    read more »

  • Thailand Interim Govt To Be Set Up In August, Curfew Lifted

    Thailand Interim Govt To Be Set Up In August, Curfew Lifted

    Thailand Interim Govt To Be Set Up In August, Curfew Lifted Thailand's junta leader, General Prayuth Chan-ocha, said Friday that an interim government would be set up by August. "A government will be set up by August, or at the very latest September," Gen. Prayuth told senior military officials at a meeting devoted to the ...
    read more »

  • Asia's Debt Level To Climb On ECB's Latest Monetary Easing

    Asia’s Debt Level To Climb On ECB’s Latest Monetary Easing

    Asia's Debt Level To Climb On ECB's Latest Monetary Easing With global liquidity likely to remain high following the monetary easing by European Central Bank (ECB) last week, most Asian economies will see more credit-fuelled growth which may lead to higher debt level, said latest analysis. For the 1st time, ECB pushed deposit rates into ...
    read more »

  • Real Estate: Property Weakness Overhangs China's Recovery

    Real Estate: Property Weakness Overhangs China’s Recovery

    Real Estate: Property Weakness Overhangs China's Recovery China's economy improved in May, but the figures are strong overall, analysts say. And there is weakness in the property sector representing a large uncertainty. Among a group of Key economic data the National Bureau of Statistics released Friday, industrial output and retail sales offered some comfort for policymakers. ...
    read more »

Research 1 of 6

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

Recent News

heffx metastock_30_day-300x250