Asia

  • Over 300 Global Investors To Attend 1st Maldives Investment Forum

    Over 300 Global Investors To Attend 1st Maldives Investment Forum

    Over 300 Global Investors To Attend 1st Maldives Investment Forum Over 300 investors from around the world including China are registered to take part in the 1st Maldives investment forum to be held in Singapore later this month, an official said  Thursday. As many as 15 countries are registered for the forum, which is expected ...
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  • USD/JPY Technical Update

    USD/JPY Technical Update

    The American dollar continued its upward trend against the Japanese yen and saw a substantial gain on Wednesday. The dollar firmed up against the Japanese yen as a result of positive Chinese data. The Chinese growth rates came out to be better than expected; this fuelled the investors to back the American dollar against the ...
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  • Malaysia Deep-Water Gas Discovery

    Malaysia Deep-Water Gas Discovery

    Malaysia Deep-Water Gas Discovery Shell (NYSE: RDS.A) (NYSE: RDS.B) today announced an exploration discovery offshore Malaysia. The successful 'Rosmari-1' well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metres. The well encountered more than 450 metres of gas column. With further exploration planned, the finding is ...
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  • Thailand, New Elections Expected In July

    Thailand, New Elections Expected In July

    Thailand, New Elections Expected In July Thailand is likely to have a new election in July, said Election Commissioner Somchai Srisuthiyakorn Wednesday. The Election Commission will hold talks with the caretaker government about the new election by the end of this month so that it will be held in the next 90 days or by ...
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  • Russia Setting Up A Special Economic Zone In Far East

    Russia Setting Up A Special Economic Zone In Far East

    Russia Setting Up A Special Economic Zone In Far East President Vladimir Putin ordered a special economic zone (SEZ) to be set up in the Russian Far Eastern city of Vladivostok. According to the order published on the Kremlin website Wednesday, the zone must be created by 15 June . "Taking into account the previous ...
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  • 4 dead, 292 missing after ferry sinks off South Korean coast

    4 dead, 292 missing after ferry sinks off South Korean coast

    Almost 300 people remain unaccounted for after a ferry carrying 459 passengers, most of them school students, sank in the cold waters off South Korea's southern coast, killing at least four people, including a student and injuring up to 55 in what could be the country's biggest maritime disaster in over 20 years. 174 people ...
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  • Chinese FX Reserves near record

    Chinese FX Reserves near record

    Chinese FX Reserves near record. Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, observes the Chinese foreign exchange reserves remain on the raise. Official data released on Tuesday showed China’s FX reserves jumped $129bn in the first three months of the year, to hit an all-time high of $3.95tn.  The ramp up in reserves ...
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  • Adani Enterprises Ltd (NSE:ADANIENT) Continues To Move Up

    Adani Enterprises Ltd (NSE:ADANIENT) Continues To Move Up

    Adani Enterprises Ltd (NSE:ADANIENT) saw a drop of 4.59 percent (20.10) on its Tuesday’s trading session and consolidated at 417.6. The stock has been on an upward trend in the last week, but some correction is being seen in the last couple of trading session. In today’s trading session the stock is up by 4.55% ...
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  • Baidu Inc (ADR) (NASDAQ:BIDU) Rolls Out Mobile Payment App ‘Baidu Wallet’

    Baidu Inc (ADR) (NASDAQ:BIDU) Rolls Out Mobile Payment App ‘Baidu Wallet’

    Baidu Inc (ADR) (NASDAQ:BIDU), which is considered as one of the influential internet search provider in China, is catching up with the industry players with the launch of mobile payment and wealth management platform. Move Mainly In Line With The Competitors The announcement of the app comes when most of the Baidu's competitors in the ...
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  • Cocoa Imports By Indonesia Rising On Chocolate Demand

    Cocoa Imports By Indonesia Rising On Chocolate Demand

    Cocoa Imports By Indonesia Rising On Chocolate Demand BYCBF, NSLFY, LDSVY Cocoa purchases by Indonesia, the world's 3rd biggest grower, will probably increase 4X to a record this year as the government plans to scrap an import tax, according to the country’s grinders association Wednesday. Shipments may reach 120,000 metric tons from 30,000 tons last year, ...
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  • Thai Consumers Cautious, Recession Looms

    Thai Consumers Cautious, Recession Looms

    Thai Consumers Cautious, Recession Looms AAPL, NOK The  economy of Thailand known for its dynamism is ailing, headed towards recession and held hostage by crippling turmoil in an 8-yr power struggle being fought in Bangkok's commercial heart and in its courts. This crisis centers on the political dominance of the billionaire Shinawatra family, and the ...
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  • USD/JPY Daily Forecast

    USD/JPY Daily Forecast

    USD/JPY Daily Forecast According to Shayne Heffernan, senior economist of Live Trading News daily analysis, in case USD/JPY manages to breach the first resistance level at 102.15, it will probably continue up to test 102.44. In case the second key resistance is broken, the pair will probably attempt to advance to 102.74. If USD/JPY manages ...
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  • USD/JPY Technical Update

    USD/JPY Technical Update

    The U.S. dollar continued with its upward trend against the Japanese counterpart after positive retail sales data from the U.S. This hinted at recovering U.S. economy which gave a boost for the U.S. dollar. The currency pair made a high of 102.009 and consolidated at 101.842. The momentum indicators saw an upward turn during the ...
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  • Singapore's Economy Grows By 5.1% In Q-1

    Singapore’s Economy Grows By 5.1% In Q-1

    Singapore's Economy Grows By 5.1% In Q-1 Singapore's economy grew by 5.1% Y-Y in Q-1 of this year, mainly due to strong growth in manufacturing and construction sectors, the city-state's Ministry of Trade and Industry (MTI) released the advance estimate Monday. The annual growth rate was lower than the 5.5% expansion in Q-4 of Y ...
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  • Iran Will Build Crude Oil Refineries In Indonesia

    Iran Will Build Crude Oil Refineries In Indonesia

    Iran Will Build Crude Oil Refineries In Indonesia Iran plans to construct 6 Crude Oil refineries in Indonesia to boost energy co-operation, an Iranian energy official was quoted as saying by Press TV Monday. Iran will build a Crud Oil refinery with a daily production capacity of 150,000 bbls and 5 smaller refineries with daily ...
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  • HEFFX: Rice Futures to Rally

    HEFFX: Rice Futures to Rally

    HEFFX: Rice Futures to Rally In its first rice forecast issued this year, the FAO predicted a 5.4-percent rise in the volume of cross-border trade to reach 39.3 million MT from the estimated 37.3 million MT in 2013. “That is an increase of more than one million tons on the 38 million tons foreseen just ...
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  • Thai's Ignore Political Unrest, Indulge In Songkran Joy

    Thai’s Ignore Political Unrest, Indulge In Songkran Joy

    Thai's Ignore Political Unrest, Indulge In Songkran Joy Sunday, people across Thailand began their 3-day merrymaking for the water-splashing Songkran Festival, or the Thai New Year, under little shadow of the prolonged political tension. Thousands of people in all age groups and from numerous countries crowed into Silom Road in downtown Bangkok, one of the major ...
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  • Thailand: 102 Dead, 893 Injured

    Thailand: 102 Dead, 893 Injured

    Thailand: 102 Dead, 893 Injured That is the total of the first few days of the booze fueled event of Thai New Year. Major causes of accidents are drunk driving (38.43%) and speeding (25.27%). Most of the accidents involved motorcycles (80.75%) and pickup trucks (9.73%) and occurred during 4pm-8pm. Thailand is a plagued by drinking ...
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  • Deutsche Bank Wins ASEAN Exchange Deal

    Deutsche Bank Wins ASEAN Exchange Deal

    Deutsche Bank Wins ASEAN Exchange Deal The regional network of seven bourses that includes the Philippine Stock Exchange, has taken a further step toward an integrated capital market through a “milestone agreement” with Deutsche Bank. In a statement, the Asean Exchanges said Deutsche Bank was appointed provider of custody and settlement services for the Asean ...
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  • 67.5% Of Japanese Concerned Over Economy After Sales Tax Raise

    67.5% Of Japanese Concerned Over Economy After Sales Tax Raise

    67.5% Of Japanese Concerned Over Economy After Sales Tax Raise Some 67.5% of respondents to a poll released Saturday voiced concerns over the future course of Japan's economy after the consumption tax hike since 1 April, local media reported. According to the nationwide survey conducted by Japan's Kyodo News agency through telephone Friday and Saturday, ...
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  • Dynamic Asia-Pacific Region Needs Reforms

    Dynamic Asia-Pacific Region Needs Reforms

    Dynamic Asia-Pacific Region Needs Reforms The Asia-Pacific region is the most dynamic in the world, but more reforms are need to keep the momentum, said an IMF official Friday. "We believe the Asia-Pacific region will continue to remain as the most dynamic in the world although the growth rate in Y 2014 will not be ...
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  • Bangkok Unrest Feared To Resume After Songkran Festival

    Bangkok Unrest Feared To Resume After Songkran Festival

    Bangkok Unrest Feared To Resume After Songkran Festival A new round of street protests by pro and anti-government supporters is feared to resume after the Thai Songkran Festival (New Year) and the issuance of a verdict by the Constitutional Court on an administrative case filed against besieged acting Premier Yingluck Shinawatra expected later this month. ...
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  • Malaysian Palm Oil Production Up In March

    Malaysian Palm Oil Production Up In March

    The Malaysian Palm Oil Board, which is a official body set up by the Malaysian government to monitor and facilitate the growth and selling of this commodity which has worldwide demand reported recently that this year’s palm oil output for the month of March peaked at 1.5 million tonnes. The output was well above the ...
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  • Japan Stocks Follow Wall Street Dive, Sink To 6 Month Lows

    Japan Stocks Follow Wall Street Dive, Sink To 6 Month Lows

    Japan Stocks Follow Wall Street Dive Japan Stocks Follow Wall Street Dive, Sink To 6 Month Lows Japanese shares sank to 6-month lows Friday as the selloff on Wall Street spread to Asia and hammered markets that had been resilient. What is looking like a major portfolio shift from momentum plays in US tech and ...
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  • Philippine Stocks: Megaworld Still Value

    Philippine Stocks: Megaworld Still Value

    Philippine Stocks: Megaworld Still Value Philippines Property developer Megaworld Corp. grew its net profit last year by 22 percent to P9.03 billion on strong earnings from its residential development and leasing portfolio. Megaworld Corporation is a Philippines-based company primarily engaged in the development, leasing and marketing of real estate. The Company mainly develops large-scale mixed-use ...
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  • Economists See Faster Growth For Singapore Economy In Q-1

    Economists See Faster Growth For Singapore Economy In Q-1

    Economists See Faster Growth For Singapore Economy In Q-1 Economists expect the Singapore economy to grow by 5.4% Y-Y in Q-1 of this year, partly helped by improving outlook for the manufacturing sector and the global economy, local media reported  Friday. It is also partly due to the effect of a low base as the ...
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  • Philippine FDI Inflow Hit $1-B In January

    Philippine FDI Inflow Hit $1-B In January

    Philippine FDI Inflow Hit $1-B In January FDI (foreign direct investment) inflows in the Philippines rose by 5.3% on year to US$1-B in January, the central bank said Thursday. "This developed as investments in debt instruments and equity capital registered higher net inflows during the month despite the observed reversal in foreign portfolio investments," the ...
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  • Reliance Industries Limited (NSE:RELIANCE) Gas Pricing Issue Back To Square One

    Reliance Industries Limited (NSE:RELIANCE) Gas Pricing Issue Back To Square One

    Reliance Industries Limited (NSE:RELIANCE) which is an Indian multinational conglomerate with business operations spanning the energy sector, which includes oil and gas extraction and petro-chemicals production announced today that it will dig in its heels and not bow to Government pressure with regards to pricing its petrochemical & gas products being supplied to the country’s ...
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  • Vietnam Expects To Earn $1.2-B From Fruit And Vegetable Exports In 2014

    Vietnam Expects To Earn $1.2-B From Fruit And Vegetable Exports In 2014

    Vietnam Expects To Earn $1.2-B From Fruit And Vegetable Exports In 2014 Vietnamese fruit and vegetable exporters expected to earn US$ 1.2-B this year Vs US$ 1.04-B recorded in Y 2013, according to the Vietnam Fruit and Vegetables Association (Vinafruit).  In Q-1 of this year, the value of Vietnam's fruit and vegetable export reached US$215-M, ...
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  • Boao Forum: Asia Markets Seek Reforms In Difficult Times

    Boao Forum: Asia Markets Seek Reforms In Difficult Times

    Boao Forum: Asia Markets Seek Reforms In Difficult Times Senior economists have been proposing adjustments to the export-reliant economic models of developing countries after an address on the subject at the ongoing Boao Forum for Asia (BFA) 2014 Annual Conference. US stimulus tapering has made life difficult for economies that have long been driven by ...
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  • ASEAN Economic Update

    ASEAN Economic Update

    ASEAN Economic Update HEFFX one of ASEAN's leading economic research firms takes a look at ASEAN Indonesia, Thailand, Malaysia, Philippines and Vietnam, are expected to grow by an average 4.9 percent and 5.4 percent in 2014 and 2015, respectively. This would be slower than all of Asia’s expected 5.4 percent and 5.6 percent expansion for ...
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  • USDPHP Where are Foreigners Investing in the Philippines

    USDPHP Where are Foreigners Investing in the Philippines

    USDPHP Where are Foreigners Investing in the Philippines Trade Undersecretary Adrian S. Cristobal Jr. reported that mass housing projects accounted for 38 percent of investment commitments during the quarter at P17.96 billion, followed by the construction sector with P11.05 billion (24 percent). The electricity, gas, steam and air conditioning supply sector (e.g., power generating plants, ...
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  • Japan's Central Bank Maintains Monetary Easing Policy

    Japan’s Central Bank Maintains Monetary Easing Policy

    Japan's Central Bank Maintains Monetary Easing Policy The Bank of Japan (BOJ) Tuesday decided to maintain its current ultra-easy monetary policy (QE) in a move to further deal with the prolonged deflation. Meanwhile, the BOJ also maintained its assessment of the domestic economy unchanged and said that the economy has continued to recover moderately. The BOJ ...
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  • ICBC Singapore's Yuan Clearing Bank Services Rise In Q-1

    ICBC Singapore’s Yuan Clearing Bank Services Rise In Q-1

    ICBC Singapore's Yuan Clearing Bank Services Rise In Q-1 IDCBF The growth in the RMB Yuan clearing bank services of the Singapore branch of the Industrial and Commercial Bank of China (ICBC) (HK:1398, PINK:IDCBF) rose in Q-1, the bank said Tuesday. ICBC Singapore, which kicked off its Yuan clearing bank services in Singapore last year ...
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  • Philippines Peso and Economic Outlook

    Philippines Peso and Economic Outlook

    Philippines Peso and Economic Outlook The Philippine economy’s growth is expected to slow down by six-tenths of a percent this year as damage to key provinces caused by super typhoon “Yolanda” (international name: Haiyan) late in 2013 weighs on business activity and consumer demand. In a report published Monday morning Manila time, the World Bank ...
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  • Vietnam Sees Positive GDP Growth Signal In 2014

    Vietnam Sees Positive GDP Growth Signal In 2014

    Vietnam Sees Positive GDP Growth Signal In 2014 Vietnam is witnessing positive signals of economic growth since Q-3 of Y 2013 and in Q-1 of Y 2014. The remarks were made in a report on situation of the Vietnamese economy in Q-1 by Vietnam's National Financial Supervisory Commission (NFSC) Monday. Specifically, according to NFSC, Vietnamese ...
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  • AUD/USD drifts lower

    AUD/USD drifts lower

    AUD/USD drifts lower After repeated failure to take the 0.9300 level, the AUD/USD turned south and accelerated losses to fresh daily lows, extending correction from post-NFP highs. The AUD/USD broke below 0.9270 and slid to a low of 0.9253 before finding support at the beginning of the New York session. At time of writing, the ...
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  • Malaysian Airlines MH370 No Debris Found

    Malaysian Airlines MH370 No Debris Found

    Malaysian Airlines MH370 No Debris Found  Although a Sound Signal, possibly from a Blackbox (flight recorder) there has been no physical evidence as to the fate of MH370. Malaysian Defence Minister Hishammudin Hussein told reporters that in light of the new information, "We are cautiously hopeful that there will be a positive development in the ...
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  • Thailand: "Lame Duck' Yingluck Can't Be Replaced With Non-elected PM

    Thailand: “Lame Duck’ Yingluck Can’t Be Replaced With Non-elected PM

    Thailand: "Lame Duck' Yingluck Can't Be Replaced With Non-elected PM As the street protests in Bangkok continue to simmer, the Big Q question now among Thai opinion-makers is whether caretaker PM Yingluck Shinawatra will continue to stay or be deposed either by the Constitutional Court or the National Anti-Corruption Commission (NACC). Ekachai Chaiyanuvat, vice dean ...
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  • Indonesia's Main Opposition Party To Win Coming Parliamentary Elections

    Indonesia’s Main Opposition Party To Win Coming Parliamentary Elections

    Indonesia's Main Opposition Party To Win Coming Parliamentary Elections The Democratic Party of Struggle (PDI-P), Indonesia's largest opposition party led by former President Megawati, will dominate the national and regional parliamentary elections on 9 April, analysts said. After high-pressure campaigns since 16 March , the country's 12 national political parties and three local parties from ...
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  • Terrorist Attack in Thailand

    Terrorist Attack in Thailand

    Terrorist Attack in Thailand 1 dead 28 wounded in bomb attacks in Thailand. 4 bombs including a car bomb exploded in Thailand Sunday killing at least one person and wounding 28 others. Car bombs are rare in the south, which has seen near-daily shootings and bomb attacks in a decade-long rebellion by Islamic extremists against ...
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  • ASEAN Agrees To Myanmar's Proposal For Financial Inclusion System

    ASEAN Agrees To Myanmar’s Proposal For Financial Inclusion System

    ASEAN Agrees To Myanmar's Proposal For Financial Inclusion System ASEAN finance ministers have agreed to Myanmar's proposal to enhance a "financial inclusion" system which aims to help all people in the region get access to financial services, state media quoted Myanmar Finance Minister U Win Shein, Chairman of the regional meeting, as reporting Sunday. Further ...
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  • Pro-government "Red Shirts" Converge In Bangkok To Support Yingluck

    Pro-government “Red Shirts” Converge In Bangkok To Support Yingluck

    Pro-government "Red Shirts" Converge In Bangkok To Support Yingluck Thousands of supporters of Thai Prime Minister Yingluck Shinawatra traveled by bus, pickup truck and train Saturday to join a 3-day rally on the outskirts of Bangkok aimed at countering months of often violent anti-government protests. In their largest show of force in months, the pro-government ...
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  • SINA Corp (NASDAQ:SINA) Shows Visibility On The Stock Market

    SINA Corp (NASDAQ:SINA) Shows Visibility On The Stock Market

    SINA Corp (NASDAQ:SINA) is seeing an increase in visibility on the stock market given its Weibo assets as well as the initial public offering. SINA Corp (NASDAQ:SINA) is the Chinese Online media company which offers a range of services for global Chinese communities. It operates through a network of portals such as SINA which is ...
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  • USD/JPY HEFFX Technical Analysis

    USD/JPY HEFFX Technical Analysis

    The USDJPY is currently trading above its 100 day moving average and also above its 50 day moving average both currently placed at JPY 102.769 and JPY 102.380. The USDJPY has shown a consistent upward trend and is maintaining the upward movement with strong support around 103.5 levels The momentum indicators for the currency pair ...
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  • International Finance Groups Eye Vietnam's Aviation Market

    International Finance Groups Eye Vietnam’s Aviation Market

    International Finance Groups Eye Vietnam's Aviation Market The aviation boom in Asia has caught the attention of international finance groups, which are willing to provide loans to fund aircraft purchase, state-run Vietnam News Agency reported Thursday. Vietnam Airlines, the national flag carrier, received two new Airbus 321 planes on 10 March as part of its ...
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  • Hundsun Technologies Inc. (SHA:600570) To Be Acquired by Alibaba.com Holding Ltd.

    Hundsun Technologies Inc. (SHA:600570) To Be Acquired by Alibaba.com Holding Ltd.

    Chinese eCommerce giant Alibaba.com holding Ltd.’s Chairman Jack Ma, through another of his holdings (Zhejiang Rongxin) pay over US $532 million to acquire Hundsun technologies according to latest new reports. This stake to the tune of 20% will make him highest shareholder in the company. Hundsun Technologies Inc. (listed as Hundsun Technologies Inc.(SHA:600570)) which is ...
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  • USD/PHP USD/THB ASEAN Economic Outlook

    USD/PHP USD/THB ASEAN Economic Outlook

    Philippines Leading ASEAN The Philippine economy is seen to expand by 6.4 percent this year and 6.7 percent in 2015, the Asian Development Bank (ADB) said in its flagship annual economic publication titled 'Asian Development Outlook 2014. The multilateral financial institution said the country is expected to sustain its strong growth on the back of ...
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  • Thai Clears Rice Stockpiles, Price War Coming

    Thai Clears Rice Stockpiles, Price War Coming

    Thai Clears Rice Stockpiles, Price War Coming Asian rice costs will keep falling from near a 6-yr low as Thailand clears out record stockpiles, threatening a price war with Vietnam and India. The thai government plans to sell about 1-M metric tons a month, compared with average monthly exports of 558,000 tons last year. The ...
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  • Thai Constitutional Court Accepts Petition Against Caretaker PM

    Thai Constitutional Court Accepts Petition Against Caretaker PM

    Thai Constitutional Court Accepts Petition Against Caretaker PM The Thai Constitutional Court Wednesday accepted for consideration a petition filed by a group of Senators against caretaker Prime Minister Yingluck Shinawatra. The petition submitted by 28 senators argued that Yingluck's order to transfer Thawil Pliensri from the post of Secretary General of the National Security Council (NSC) ...
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  • Singapore's PMI Suggests Manufacturing Expansion In March

    Singapore’s PMI Suggests Manufacturing Expansion In March

    Singapore's PMI Suggests Manufacturing Expansion In March The purchasing managers' index ( PMI) of Singapore was at 50.8 in March, short of market expectations, according to the index released Wednesday. The PMI reading was slightly lower than 50.9 in February, but it was the 3rd straight month that the PMI has stayed above the Key ...
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  • Mike D. Angelo Asia’s Leading Man

    Mike D. Angelo Asia’s Leading Man

    Mike D. Angelo Asia's Leading Man Mike D. Angelo Mike is Thailand's Renaissance man, just 25 he has a long history in the entertainment industry having been one of the top singers in the nation for years, and now As an actor and star of the Hit TV series Full House and his acting career ...
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  • Thailand's Caretaker PM's Legal Woes Grow

    Thailand’s Caretaker PM’s Legal Woes Grow

    Thailand's Caretaker PM's Legal Woes Grow A Thai court accepted a new case Wednesday against Prime Minister Yingluck Shinawatra, compounding her many serious legal problems as she resists pressure to step down over 5 months of often violent street protest. Twenty-four people have already died in the crisis, including an anti-government protester Tuesday after weeks ...
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  • ASEAN: Central Banks To Cooperate In Implementing Monetary Policy

    ASEAN: Central Banks To Cooperate In Implementing Monetary Policy

    ASEAN: Central Banks To Cooperate In Implementing Monetary Policy Vice-Governors of ASEAN member states' central banks have met in Nay Pyi Taw to discuss co-operation in implementing monetary policy and ASEAN banking services in line with ASEAN monetary affairs framework, state media reported Wednesday. Chaired by Myanmar, the 22nd ASEAN Conference of Vice Governors of ...
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  • Japan Approves New Arms Export Rules

    Japan Approves New Arms Export Rules

    Japan Approves New Arms Export Rules The Japanese Cabinet Tuesday approved new principles and guidelines on arms export, marking a major change on the war-renouncing country's defense stance for the 1st time in about 50 yrs. The newly adopted principles on the transfer of defense equipment state that Japan will prohibit the export of weapons ...
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  • Indian Company Wants To Begin Mining In West Myanmar State

    Indian Company Wants To Begin Mining In West Myanmar State

    Indian Company Wants  To Begin Mining In West Myanmar State An Indian company is offering to conduct mining work in 2 townships of Falam and Tunzang in Myanmar's Chin State, official media reported Tuesday. The Karam Chang Thapar (KCT) company wants to carry out such mineral exploration work as on Gold, chromites, nickel and limestone, ...
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  • Thai Caretaker PM Yingluck Defended Herself In Person Monday

    Thai Caretaker PM Yingluck Defended Herself In Person Monday

    Thai Caretaker PM Yingluck Defended Herself In Person Monday Thai caretaker Prime Minister Yingluck Shinawatra Monday defended herself in person against charges of negligence of duty in the Rice-pledging scheme.  Ms, Yingluck made an oral defense at the National Anti-Corruption Commission (NACC) against allegations that she, as Chairperson of the National Rice Policy Committee, failed ...
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  • Singapore's Temasek Holdings Sets Up Office In London

    Singapore’s Temasek Holdings Sets Up Office In London

    Singapore's Temasek Holdings Sets Up Office In London Singapore's Temasek Holdings launched its Europe office Saturday, the sovereign investment firm said. The office will "support its investment interests in Europe, Middle East and Africa," it said. "Our new office in London serves as a home base to advise Temasek on investment and partnership opportunities with ...
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  • China: Former Domestic Security Tsar Zhou Yongkang Center Of Investigation

    China: Former Domestic Security Tsar Zhou Yongkang Center Of Investigation

    China: Former Domestic Security Tsar Zhou Yongkang Center Of Investigation Chinese authorities seized assets worth at least CNY 90-B ($14.5-B) from family members and associates of retired domestic security Tsar Zhou Yongkang, who is at the center of China's biggest corruption scandal in more than 60 yrs. More than 300 of Zhou's relatives, political allies, proteges ...
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  • F-1 Malaysia: Lewis Hamilton Takes The Pole In "The Wet"

    F-1 Malaysia: Lewis Hamilton Takes The Pole In “The Wet”

    F-1 Malaysia: Lewis Hamilton Takes The Pole In "The Wet" Saturday, Mercedes’ Lewis Hamilton raced to take his 2nd  straight Pole position of the Y 2014 season and his 33rd overall in a rain-delayed qualifying session in Sepang. The heavy rain made conditions difficult, as Mr. Hamilton put in a super lap to edge Red ...
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  • F-1 Fan's World Over Decry The "lack of noise" From The New Racing Engines

    F-1 Fan’s World Over Decry The “lack of noise” From The New Racing Engines

    F-1 Fan's World Over Decry The "lack of noise" From The New Racing Engines The lack of noise being generated by Formula 1's new V6 engines is causing high volume of complaints coming from  detractors up in arms against the lack of high decibels being produced by the cars. The organisers of the Australian Grand ...
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  • Philippine Stocks Recover, Key Policy Rates Unchanged

    Philippine Stocks Recover, Key Policy Rates Unchanged

    Philippine Stocks Recover, Key Policy Rates Unchanged The Philippine stock market bounced back Friday following the decision of the local central bank to keep Key policy rates unchanged. The Philippine central bank decided to retain overnight borrowing or reverse repurchase facility at 3.5% and overnight lending or repurchase facility at 5.5%. The bellwether Philippine Stock ...
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  • Vietnam Aquaculture Festival 2014 Promote Local Aquaculture

    Vietnam Aquaculture Festival 2014 Promote Local Aquaculture

    Vietnam Aquaculture Festival 2014 Promote Local Aquaculture The Vietnam Aquaculture Festival 2014 opened in central coastal Phu Yen province, about 950 km south of  the capital, Hanoi, Friday and is scheduled to last until 2 April, to highlight local aquaculture, according to organizers. The festival, themed "Vietnam's Aquaculture; Integration and Development," and held on the ...
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  • Indonesia Mandates Production Of Nat Gas-powered Vehicles

    Indonesia Mandates Production Of Nat Gas-powered Vehicles

    Indonesia Mandates Production Of Nat Gas-powered Vehicles The Indonesian government will obligate car producers marketing their products in the country to partly manufacture vehicles that can be fueled by Nat Gas or Gasoline this year as an effort to sag the country's reliance on Crude Oil, senior official saidThursday. As a legal basis for the ...
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  • China Credit Crisis Hits Real Estate

    China Credit Crisis Hits Real Estate

    China Credit Crisis Hits Real Estate Property developers in China are now turning towards commercial mortgage-backed securities as well as looking at many other alternatives for financing even as the creditors are becoming even more discriminating with the backdrop of increasing concerns about the debt markets and the real estate situation in China. Bond buyers ...
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  • Brunei To Mark Earth Hour On 29 March

    Brunei To Mark Earth Hour On 29 March

    Brunei To Mark Earth Hour On 29 March Brunei Darussalam will once again participate in the global World Wide Fund for Nature's Earth Hour event on 29 March, which is marked by millions of people worldwide switching off all non-essential lights for 1 hr, government sources said Thursday. Five landmarks have been selected to signify ...
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  • E-commerce Making Waves in India

    E-commerce Making Waves in India

    India is an emerging economy and one that is growing by leaps and bounds. The country’s upper middle class is increasing in number at an amazing pace and many seem to have some disposable income. This has led to a boost in consumerism. But what is more evident now is that Ecommerce is booming too ...
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  • Singapore Exchange Steel Derivatives

    Singapore Exchange Steel Derivatives

    Singapore Exchange Steel Derivatives The Singapore Exchange's (SGX) newly introduced steel futures and swaps contracts, which were launched in February and based on the daily spot ASEAN hot rolled coil (HRC) imports price index of The Steel Index (TSI), saw solid industry support in their first month of trading. TSI, a unit of Platts since ...
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  • ASEAN Culture Mini Festival Opened In Brunei

    ASEAN Culture Mini Festival Opened In Brunei

    ASEAN Culture Mini Festival Opened In Brunei The 2-day ASEAN Mini Festival, themed "Festival of ASEAN Cultural Expressions," aimed to showcase the regional identity of ASEAN to the world, opened at the Airport Mall, Brunei Wednesday. In the opening remarks, minister of Culture, Youth and Sports, Dato Seri Setia Awang Haji Hazair, said "ASEAN countries ...
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  • China Credit Crunch Causes Panic

    China Credit Crunch Causes Panic

    China Credit Crunch Causes Panic Literally hundreds of people headed in full-speed to withdraw their money from the branch of a minor Chinese bank after there were rumors that it was facing solvency. This is very indicative of how investors are now wary and anxious about the fact that the regulators are showing much more ...
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  • Casinos Plan In Vietnam's Proposed SEZ Sets Mixed Reactions

    Casinos Plan In Vietnam’s Proposed SEZ Sets Mixed Reactions

    Casinos Plan In Vietnam's Proposed SEZ Sets Mixed Reactions The plan to allow casinos and other forms of leisure to operate in special economic zones (SEZs) that are proposed to be build in 3 provinces in Vietnam  met with mixed reactions. The 3 SEZs envisioned by the government would be located in Van Don in ...
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  • FX News: China, The RMB and FX Markets

    FX News: China, The RMB and FX Markets

    FX News: China, The RMB and FX Markets A new research report – Offshore Chinese Renminbi Market (CNH) – from CME Group, the world's leading and most diverse derivatives marketplace, looks at recent developments and how they are changing the character of the RMB markets and of the FX markets in general. The People's Republic ...
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  • Inflation In India Fuelled By Illegal Bidding Rackets

    Inflation In India Fuelled By Illegal Bidding Rackets

    Top political parties in India are now targeting the 6 decade old practice that traders at the produce markets have been openly following. Policy makers opine that this practice is what fuels the high levels of inflation in the country.  The middlemen at the local market have a very unique sign- language that they use ...
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  • Bullish Pennant On USD/JPY

    Bullish Pennant On USD/JPY

    Bullish Pennant On USD/JPY The overall trend for USD/JPY pair seems to be up. The currency pair seems to be forming a bullish pennant on the daily chart. This is indicated in the chart below. The currency pair has been consolidating after the big uptrend and now fresh longs should be considered only after a ...
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  • Malaysian Airlines Flight MH370 Questions Remain

    Malaysian Airlines Flight MH370 Questions Remain

    Malaysian Airlines Flight MH370 Questions Remain Malaysia officially announced that Malaysian Airlines Flight MH370, lost for 17 days now, crashed somewhere in the Indian Ocean but doubt still lingers over how the plane went down, and whether it did at all. There has been no wreckage positively identified. The Chinese government demanded that Malaysia turn ...
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  • US Is Urged To Stop Spying On China

    US Is Urged To Stop Spying On China

    US Is Urged To Stop Spying On China Monday China asked the United States to explain spying activities it allegedly carried out on China and told it to stop such acts. Foreign Ministry spokesman Hong Lei made the remarks at a regular press briefing when he was asked to comment on news reports that the US National Security Agency (NSA) spied on China's telecommunications giant Huawei (SZ:002502), former leaders, foreign and commerce ministries and banks. China is greatly concerned about the news reports, Hong said, adding that media organizations have recently disclosed a lot of eavesdropping, surveillance and stealing of secret information by the United States, targeting other countries, including China. Hong said China demands that the US explains itself and stop such acts. Stay tuned... HeffX-LTN Paul Ebeling
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  • Singapore's CPI Inflation Rate Falls In February

    Singapore’s CPI Inflation Rate Falls In February

    Singapore's CPI Inflation Rate Falls In February Singapore's consumer price index (CPI) rose by 0.4% in February on year at the slowest pace since Y 2010 after headline inflation hit a record low of 1.4 in January. The city-state's Ministry of Trade and Industry (MTI) and the Monetary of Authority of Singapore (MAS), the central ...
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  • Thailand Crisis or Opportunity with Kitichai Taechangamlert‏

    Thailand Crisis or Opportunity with Kitichai Taechangamlert‏

    Thailand Crisis or Opportunity with Kitichai Taechangamlert‏ Thailand has a very strong and well regulated stock market. The SET has not been concerned by the political crisis and has continued to rally. but there must be some real concerns about the final outcome and how that will impact the market in the mid term. Some ...
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  • Asia's Emerging Economies Ride Over Market Volatility Caused By Fed's Tapering

    Asia’s Emerging Economies Ride Over Market Volatility Caused By Fed’s Tapering

    Asia's Emerging Economies Ride Over Market Volatility Caused By Fed's Tapering BAC While US Federal Reserve's monetary path is oriented to the tightening side, most analysts believed Asian emerging economies will be quite well-positioned to deal with the market volatility caused by US tapering of monetary stimulus (QE). Last week, the Federal Reserve announced it ...
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  • China Fears Drive Massive Defence Spending By Korea

    China Fears Drive Massive Defence Spending By Korea

    Even as Russia shocked the entire world by its almost bloodless coup in Ukraine over the past few weeks, countries from across the globe are busy revisiting their defence strategies in order to avoid a repeat of a similar fate from a larger and more powerful major. In line with these developments, South Korea has ...
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  • China Embarks On New Economic Journey For Sustainable Growth

    China Embarks On New Economic Journey For Sustainable Growth

    China Embarks On New Economic Journey For Sustainable Growth China is set to embark on the next phase of a remarkable economic journey, aiming for higher quality and more sustainable growth, the IMF chief said Sunday. "The journey has propelled it to the top-tier of the global economy and lifted hundreds of millions of people ...
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  • More Evidence of the China Credit Crisis

    More Evidence of the China Credit Crisis

    More Evidence of the China Credit Crisis China's first corporate debt default in at least 17 years has sparked fear that the country's 'Lehman moment' is fast approaching, now new data has shown that Chinese state-owned enterprises (SOEs) saw their combined profits grow at a slower pace in the first two months of 2014 amid ...
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  • Singapore Dollar and SGX: The Week Ahead

    Singapore Dollar and SGX: The Week Ahead

    Singapore Dollar and SGX: The Week Ahead In 2015, HEFFX expect GDP growth to hold at 4.0 percent, while headline inflation and core inflation are projected to come in at 2.5 percent and 2.3 percent respectively.   Singapore has been through a new round of economic restructure in recent years, facing challenges of productivity improvement ...
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  • Thia PM Facing Impeachment, Red Shirts Rally

    Thia PM Facing Impeachment, Red Shirts Rally

    Thia PM Facing Impeachment, Red Shirts Rally Supporters of Thai Prime Minister Yingluck Shinawatra say they will take to the streets as moves to impeach her gather momentum, raising the specter of confrontation with protesters who helped skuttle a February election she had been expected to win. The Constitutional Court annulled the election Friday and ...
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  • Myanmar Cutting Tax Rate On Imported Cars

    Myanmar Cutting Tax Rate On Imported Cars

    Myanmar Cutting Tax Rate On Imported Cars Myanmar authorities will cut tax rate on imported cars in the coming F-Y 2014-15 in a bid to further bring down car prices, official media reported Friday. The current car prices in the country have amounted to 20% of those in the past thanks to measures taken in recent ...
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  • South Korea Opens Gold Trading Market Next Week

    South Korea Opens Gold Trading Market Next Week

    South Korea Opens Gold Trading Market Next Week South Korea's financial regulator said Sunday that market to trade Gold on Spot will be opened next Monday to disclose Gold transactions, which were blamed for tax evasion and illegal trading. The South Korean government unveiled a plan last July to let Gold be traded in an ...
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  • Thai Court Declares 2 February Snap Election Void

    Thai Court Declares 2 February Snap Election Void

    Thai Court Declares 2 February Snap Election Void Thailand’s Constitutional Court has nullified a 2 February snap general election in a ruling. This will further delay the formation of a new government after months of street protests aimed at bringing down Prime Minister Yingluck Shinawatra. The court said the vote did not take place on ...
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  • Vietnam To Establish Special Economic Zones

    Vietnam To Establish Special Economic Zones

    Vietnam To Establish Special Economic Zones Infrastructure is among the Key issues for Vietnam in preparing to establish its own special economic zones (SEZ), assessed experts during a 2-day international conference on SEZ development held in Vietnam's northeastern Quang Ninh province. Vietnam is considering projects to establish three SEZs across the country, including Van Don ...
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  • Indonesia Plans To Expand Cement Business To Vietnam

    Indonesia Plans To Expand Cement Business To Vietnam

    Indonesia Plans To Expand Cement Business To Vietnam Indonesia's state-owned cement producer PT Semen Indonesia seeks to expand its business to Vietnam in the near future, President Director of the firm Dwi Soetjipto said Friday. PT Semen Indonesia has acquired a local firm in Vietnam Thang Long, and improved the performance of the firm, Mr. ...
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  • ABN AMRO Analyst Says Rate Cut Would Not Help Thai Economy

    ABN AMRO Analyst Says Rate Cut Would Not Help Thai Economy

    Asia Equity Strategist at ABN AMRO, Daphne Roth, in a discussion with CNBC says that rate cut will not help thai economy, given the highly unstable political environment in the country. The economist analyst has pointed out the country is not being driven down by fundamentals but the lack of political equilibrium. Better monetary policy ...
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  • USDJPY Daily FX Alert

    USDJPY Daily FX Alert

    USDJPY Daily FX Alert USD/JPY Intraday: bullish bias above 101.75.   Japan's gross domestic product (GDP) is expected to take another hit on April 1, when a sales tax increase, from the current 5 to 8 percent is to come into force. Economists fear the increase will throttle domestic consumption, accounting for 60 percent of ...
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  • Philippines May Post Slower Economic Growth In 2014

    Philippines May Post Slower Economic Growth In 2014

    Philippines May Post Slower Economic Growth In 2014 Philippine economic growth this year may be lower than 7.2% posted in Y 2013 due to the depreciation of the Peso which could put pressure on prices, the Department of Trade and Industry (DTI) said Thursday. Trade Secretary Gregory Domingo said the country's GDP (gross domestic product) ...
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  • EU Pledges Support For Myanmar As Trade, Development Partner

    EU Pledges Support For Myanmar As Trade, Development Partner

    EU Pledges Support For Myanmar As Trade, Development Partner European Union Trade Commissioner Karel De Gucht pledged Wednesday that the EU would continue supporting Myanmar both as a trade and a development partner, hoping to continue working with the Myanmar authorities and private sector to strengthen trade relationship, according an EU press release. Mr. De ...
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  • Did The Missing Malaysian Airline Crash Into The Indian Ocean?

    Did The Missing Malaysian Airline Crash Into The Indian Ocean?

    The hunt for the missing Malaysian Airline has now reached he twelfth day, and investors continue to comb the path of the flight and neighboring areas for the plane. As investigators gather more intelligence about the likely whereabouts of the missing plane, the latest theoretical line of questioning is to increase search in the Indian ...
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  • Japan’s Trade Deficit Improves But Still Below Expectations

    Japan’s Trade Deficit Improves But Still Below Expectations

    World economies are still struggling as the latest data from Japan show. Its trade deficit – the difference between exports and imports, showed improvement in February but they were still far below expectations of trade analysts. The latest data: Japan had a bad January as imports surged by 25%. February was better, though imports surged ...
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  • China FDI Swings to Services

    China FDI Swings to Services

    China FDI Swings to Services Dollar amount rises, project numbers drop. The flow of funds in to China has steered away from the manufacturing sector and traditional geographic destinations. The level of investment in manufacturing has actually started to decrease. Foreign direct investment (FDI) into the Chinese mainland rose 10.44 percent year on year in ...
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  • Japan, Economy Recovering Moderately Ahead Of Consumption Tax Hike

    Japan, Economy Recovering Moderately Ahead Of Consumption Tax Hike

    Japan, Economy Recovering Moderately Ahead Of Consumption Tax Hike Japan's economy is recovering at a moderate rate ahead of the consumption tax hike beginning in April, the Japanese government said Monday in its monthly economic report for March. "The Japanese economy is recovering at a moderate pace," the Cabinet Office said in the report, adding, ...
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  • Singapore's non-Crude Oil Domestic Exports + 9.1% In February

    Singapore’s non-Crude Oil Domestic Exports + 9.1% In February

    Singapore's non-Crude Oil Domestic Exports + 9.1% In February Singapore's non-Crude Oil domestic exports (Nodx) expanded 9.1% in February over the same month last year, following January's 3.3%  contraction, according to the International Enterprises (IE) Singapore. February's strong growth was partly due to a low base last year, as well as stronger shipments of non-electronic ...
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  • Singapore's DBS (PINK:DBSDY) Buys SocGen's Asian Private Banking Business

    Singapore’s DBS (PINK:DBSDY) Buys SocGen’s Asian Private Banking Business

    Singapore's DBS (PINK:DBSDY) Buys SocGen's Asian Private Banking Business SCGLY DBS Bank (PINK:DBSDY), 1of Singapore's Big 3, announced Monday that it has agreed to acquire Societe Generale's (PINKSCGLY)Asian private banking business for US$220-M. The purchase covers the Societe Generale's private banking business in Singapore and China's Hong Kong as well as selected parts of the ...
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  • Malaysia Asks More Countries To Join Disapeared Plane Hunt

    Malaysia Asks More Countries To Join Disapeared Plane Hunt

    Malaysia Asks More Countries To Join Disapeared Plane Hunt More countries would join the hunt for a missing Malaysian jetliner as the search area was expanded across a vast area of land and ocean, officials said Sunday. The Malaysian government has asked 11 more countries for assistance and received "unprecedented" positive responses, acting Transport Minister ...
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