Asia

  • China's Coffee Market Growing At Fast Rate

    China’s Coffee Market Growing At Fast Rate

    China's Coffee Market Growing At Fast Rate SBUX Data from China Coffee Association Beijing (CCAB) showed that Coffee consumption growth in the country is increasing at an annual rate of 15%, which is about 7X more than the average world growth rate. According to the association, the figure may continue to expand at a pace ...
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  • Thailand's Anti-coup Activist Charged With Incitement

    Thailand’s Anti-coup Activist Charged With Incitement

    Thailand's Anti-coup Activist Charged With Incitement Thailand's anti-coup activist Sombat Boonngamanong has been formally charged with inciting unrest, violating the Computer Crime Act and defying the order of the military junta, Pol Col Prasopchoke Prommun said Thursday. Sombat denied all the charges after the military handed him over to the Crime Suppression Division (CSD) of ...
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  • Japan's Core Machinery Orders Fall 9.1% In April

    Japan’s Core Machinery Orders Fall 9.1% In April

    Japan's Core Machinery Orders Fall 9.1% In April Japan's core machinery orders tumbled a seasonally adjusted 9.1% from April, retreating from a record rise the prior month as the effects of the 1 April tax hike begin to impact the outlook for the economy, the Cabinet Office said in a report Thursday. The 9.1% fall ...
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  • New Silk Road To Build Global Access To Chinese Culture

    New Silk Road To Build Global Access To Chinese Culture

    New Silk Road To Build Global Access To Chinese Culture DIS, DWK China should build a New Silk Road using the Internet to help integrate Chinese culture into the outside world, the vice chief of a Chinese Internet entertainment company said at the weekend. American cartoons, such as Dreamworks' (NASDAQ:DWK) "Kung Fu Panda" and Disney's ...
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  • China Moves To Provide More Financial Support For Trade

    China Moves To Provide More Financial Support For Trade

    China Moves To Provide More Financial Support For Trade China's central bank Wednesday called for more financing channels for the country's import and export businesses, in efforts to stabilize foreign trade. Commercial banks are urged to innovate their products and services, such as expanding borrowing to companies on export credit insurance, and more flexibility in ...
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  • Malaysia's April Manufacturing Sales Rise 7.7%

    Malaysia’s April Manufacturing Sales Rise 7.7%

    Malaysia's April Manufacturing Sales Rise 7.7% The sales value of Malaysia's manufacturing sector in April rose 7.7% on year, official statistics showed. According to a report by the country's Department of Statistics Wednesday, the sales value increased to 53.2-B Malaysian Ringgit (US$ 17-B) from 49.4-B Malaysian Ringgit (US$16.4-B) a year ago. The sector posted a ...
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  • China Is Now The World's # 2 Carbon Trader

    China Is Now The World’s # 2 Carbon Trader

    China Is Now The World's # 2 Carbon Trader China is the world's 2nd largest Carbon trading market following the European Union (EU), according to data released Tuesday. Xie Zhenhua, deputy head of the National Development and Reform Commission, said Chinese enterprises traded over 3.85-M tonnes of Carbon emission quotas as of 23 May. These ...
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  • China's Super Rich Head Abroad In Record Numbers

    China’s Super Rich Head Abroad In Record Numbers

    China's Super Rich Head Abroad In Record Numbers The passion shown by China's super-rich for settling down abroad and obtaining overseas passports has reached a record high, a report says. The proportion of Chinese high net worth individuals with personal wealth of at least CNY 6-M ($960,000) who expressed willingness to emigrate has risen to ...
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  • Philippine Stocks Recovers On China's Positive Trade Data

    Philippine Stocks Recovers On China’s Positive Trade Data

    Philippine Stocks Recovers On China's Positive Trade Data The Philippine stock market rallied back to the 6,800 level Monday, mimicking mostly the performance of the regional equities. The bellwether Philippine Stock Exchange index added 0.59%, or 40.11 pts, to 6,802.73, while the broader all-share index rose by 0.37%, or 15.04 pts, to 4,088.32. Trading volume ...
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  • Rolls-Royce Taps Into Demand For Luxury Cars In Cambodia

    Rolls-Royce Taps Into Demand For Luxury Cars In Cambodia

    Rolls-Royce Taps Into Demand For Luxury Cars In Cambodia Rolls-Royce Motors Cars, a unit of Bayerische Motoren Werke Aktiengesellschaft (DE:BMW), officially launched its 1st dealership in Phnom Penh, Cambodia Monday with an aim to tap into the country's growing demand for luxury automobiles. Paul Harris, regional director for Rolls-Royce Motor Cars Asia-Pacific, said the firm's expansion to Cambodia ...
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  • China-ASEAN Trade + 1.2% January - May

    China-ASEAN Trade + 1.2% January – May

    China-ASEAN Trade + 1.2% January - May Trade between China and the Association of Southeast Asian Nations (ASEAN) grew 1.2% Y-Y to CNY 1.12-T (US$81.75-B) in the 1st 5 months of this year, Chinese customs data showed Sunday. The growth came on a 2.2% decline in China's general trade during the same period in Yuan-denominated ...
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  • Indonesia: Coal Miners have Strong Outlook

    Indonesia: Coal Miners have Strong Outlook

    Indonesia: Coal Miners have Strong Outlook Indonesia is expected to nearly double domestic consumption of thermal coal over the next eight years to help meet annual growth in electricity demand of around 8.4 percent, the state power company said on Friday. Electricity demand growth in Southeast Asia’s largest economy has outpaced the rise in generating ...
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  • Penang Island Malaysia, A Food Lovers Paradise

    Penang Island Malaysia, A Food Lovers Paradise

    Penang Island Malaysia, A Food Lovers Paradise If you are a real food lover you  have Penang on your list places to visit in Southeast Asia. Penang holds a phenomenal blend of Indian, Chinese, Malaysian and British colonialism that shaped the culinary offerings. The heart of the food scene is  George Town, in the northeast of ...
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  • Thai Protesters' "3-Finger" Sign Against Martial Law

    Thai Protesters’ “3-Finger” Sign Against Martial Law

    Thai Protesters' "3-Finger" Sign Against Martial Law Thai Army Chief Gen. Prayuth Chan-ocha has asked demonstrators not to make a "3-finger" sign in public in protest of last month's coup, warning such gesture is against the martial rule. In a 40-min speech broadcast nationwide on TV and radio Friday night, Gen. Prayuth, who led the ...
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  • Curfew Lifted In Thailand's Krabi, Hua Hin, Cha-am, Phang Nga

    Curfew Lifted In Thailand’s Krabi, Hua Hin, Cha-am, Phang Nga

    Curfew Lifted In Thailand's Krabi, Hua Hin, Cha-am, Phang Nga Thai military junta on Friday night announced to lift the curfew in provinces of Krabi and Phang Nga, Prachuab Khiri Khan's Hua Hin district, and Phetchburi's Cha-am district, effective immediately. These places were the latest tourist destinations to be exempted from the curfew currently imposed ...
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  • Thai Military Curfew Not To Interfere With Tourism

    Thai Military Curfew Not To Interfere With Tourism

    Thai Military Curfew Not To Interfere With Tourism Thai military junta asked a group of Chinese businessmen, who are on a visit to the country, to help promote Thai tourism during a meeting in capital Bangkok Friday. Talking to the delegation of Chinese businessmen, Thai coup leader and head of the military-run National Council for ...
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  • Assets of Former Thai PM Yingluck And Her Ministers Investigated

    Assets of Former Thai PM Yingluck And Her Ministers Investigated

    Assets of Former Thai PM Yingluck And Her Ministers Investigated Thailand's National Anti-Corruption Commission (NACC) Thursday decided to set up a committee to investigate the assets of former Prime Minister Yingluck Shinawatra and 4 former ministers involved in the controversial Rice-pledging program. According an NACC a resolution approving the inquiry, the committee's mission is to ...
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  • Singapore's Private Sector Real Total Wages Grew 2.9% In 2013

    Singapore’s Private Sector Real Total Wages Grew 2.9% In 2013

    Singapore's Private Sector Real Total Wages Grew 2.9% In 2013 The real total wages of Singapore 's private sector grew by 2.9% in Y 2013, the Ministry of Manpower said in a report Thursday. This is much better than the 0.4% decline in Y 2012, partly thanks to easing inflation but more importantly due to ...
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  • Philippine Inflation Rate Rises To 2 yr Highs

    Philippine Inflation Rate Rises To 2 yr Highs

    Philippine Inflation Rate Rises To 2 yr Highs The inflation rate in the Philippines rose to 4.5% in May, the highest in 2 yrs, according to government release Thursday. The may inflation rate was not only higher than the 2.6% in the same period of last year, but also surpassed the 4.1%  in April, said ...
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  • Deals Worth $81.83-B Signed At Beijing Fair

    Deals Worth $81.83-B Signed At Beijing Fair

    Deals Worth $81.83-B Signed At Beijing Fair A total of 236 deals worth US$ 81.83 were signed during the 3rd annual China (Beijing) International Fair for Trade in Services (CIFTIS), which concluded on 1 June 2014. US$ 35.5-B were inked for projects in the international service trade, accounting for 43.4% of the total turnover, up ...
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  • US Being Led On A 'Merry Chase' In Asia

    US Being Led On A ‘Merry Chase’ In Asia

    US Being Led On A 'Merry Chase' In Asia The United States might not benefit from its strategy of using disputes between China and Vietnam to contain the former, an international relations expert warned. Dong Chunling, an expert with the China Institutes of Contemporary International Relations, said in a commentary carried in Tuesday's China Daily ...
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  • Thai Military Junta Lifts Curfew In Pattaya, Samui And Phuket

    Thai Military Junta Lifts Curfew In Pattaya, Samui And Phuket

    Thai Military Junta Lifts Curfew In Pattaya, Samui And Phuket  Thai military junta, or the National Council for Peace and Order (NCPO),  Tuesday lifted curfew in Pattaya, Koh Samui and Phuket Province, all popular tourist destinations in Thailand. Curfew in other areas remains in effect, the junta said. Stay tuned... HeffX-LTN Paul Ebeling
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  • Singapore's PMI Falls To 50.8 in May

    Singapore’s PMI Falls To 50.8 in May

    Singapore's PMI Falls To 50.8 in May Singapore's Purchasing Managers' Index (PMI) dropped to 50.8 in May from 51.1 of the previous months, reflecting that the manufacturing sector expanded at a slower pace in May, according to statistics released Tuesday. The slowdown in pace came as employment contracted for a 2nd month running, and the ...
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  • Abe For Lowering Corporate Tax As Part Japan's Economic Overhaul

    Abe For Lowering Corporate Tax As Part Japan’s Economic Overhaul

    Abe For Lowering Corporate Tax As Part Japan's Economic Overhaul Japan's Prime Minister Shinzo Abe has called on his ruling Liberal Democratic Party's (LDP) tax panel Tuesday to compile a fixed proposal of the details of a corporate tax cut plan as part of the government's bid to overhaul its economic and fiscal policies to ...
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  • Japan's Monetary Base At Record High On Loose Policy

    Japan’s Monetary Base At Record High On Loose Policy

    Japan's Monetary Base At Record High On Loose Policy Monetary base of Japan hit a new record at JPY 224.37-T (US$2.19-T) in May, +45.6%  from a year earlier, due to ultra-loose monetary policy by the Bank of Japan (BOJ), Japan's central bank, according to local report. The average daily balance of liquidity injected by the ...
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  • Japan's New Motor Vehicle Sales Down 5.6% In May

    Japan’s New Motor Vehicle Sales Down 5.6% In May

    Japan's New Motor Vehicle Sales Down 5.6% In May New vehicle sales, excluding mini-vehicles, fell 5.6% from a year earlier to 206,906 units in May in Japan for the 2nd month running, the decline likely due to the sales tax hike on 1 April, according to local report Monday. The Japan Automobile Dealers Association said that ...
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  • Thai Army Rulers Lay Out Key Economic Rules

    Thai Army Rulers Lay Out Key Economic Rules

    Thai Army Rulers Lay Out Key Economic Rules Thailand's ruling military junta has drawn up a list of emergency measures including price caps on fuel and loan guarantees for small firms to kick-start an economy threatened by recession after months of political turmoil. The plans, outlined by Air Chief Marshal Prajin Juntong late Sunday after ...
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  • China Rejects Abe and Hagel Accusations

    China Rejects Abe and Hagel Accusations

    China Rejects Abe and Hagel Accusations Wang Guanzhong, the highest ranking military official in the Chinese delegation at an Asia-Pacific Security Forum, started his speech on Sunday by highlighting the common aspiration for a Utopia with the same name as the event: Shangri-La. However, the deputy chief of the General Staff of the People's Liberation ...
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  • CME Group Approves UOB

    CME Group Approves UOB

    CME Group Approves UOB CME Group, the world's leading and most diverse derivatives marketplace, today announced UOBBF Clearing Limited, a wholly-owned subsidiary of United Overseas Bank Limited, has been approved as a CME, CBOT, NYMEX and COMEX Clearing Member, effective 30 April 2014. "We are pleased to welcome UOBBF Clearing Limited as our newest Asia-based ...
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  • Singapore Trading Weekly Outlook

    Singapore Trading Weekly Outlook

    Singapore Trading Weekly Outlook Date Event   Sunday, 01 June CH – May Manufacturing PMI (0900) Monday, 02 June SG Earnings (2) Confirmed SG Earnings – Atlantis Resources Estimated SG Earnings – Avi-Tech Electronics Ex-Div –Shangri-La Asia (HKD 0.04) JP – 1Q Capital Spending (0750) JP – May Markit/JMMA Japan Manufacturing PMI (0935) EC – ...
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  • Myanmar To Launch Stock Exchange By October 2015

    Myanmar To Launch Stock Exchange By October 2015

    Myanmar To Launch Stock Exchange By October 2015  Myanmar is ready to launch stock exchange by October 2015 and the related plan is on schedule, state media quoted a government's financial official as saying Sunday. Deputy Minister of Finance Maung Maung Thein told a seminar in Yangon that the 3 components for emergence of a ...
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  • China's PMI Rises To Highest Mark In 2014

    China’s PMI Rises To Highest Mark In 2014

    China's PMI Rises To Highest Mark In 2014 Growth in China's manufacturing sector continued to accelerate in May, rising to the highest level this year and adding to signs of a stabilizing economy, official data showed Sunday. The purchasing managers' index (PMI) increased to 50.8 in May, up from 50.4 in April, according to data ...
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  • Foreign Governments Scale Back Relations With Thailand

    Foreign Governments Scale Back Relations With Thailand

    Foreign Governments Scale Back Relations With Thailand Thai police and soldiers were a big presence downtown Bangkok  Saturday. They were in the city center to preempt further protests against  the 22 May coup after the Army Chief General said a return to democracy will take more than a year. In a televised address late Friday, ...
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  • Thailand Elections At Least 15 Months Away

    Thailand Elections At Least 15 Months Away

    Thailand Elections At Least 15 Months Away Thai coup leader Army Chief General Prayuth Chan-ocha said late Friday an interim government will be formed before the FY 2015 begins in October, and that  elections are expected to be held after at least 15 months. The military did not want power but it needed to seize ...
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  • Singapore To See A Bumper Year Of Mergers & Acquisitions

    Singapore To See A Bumper Year Of Mergers & Acquisitions

    Singapore To See A Bumper Year Of Mergers & Acquisitions CS, KKR, GDPKF Analysts have been forecasting increasing M&A (mergers and acquisitions activities),  as a global theme this year,. But, it is Singapore that is the focus of these corporate activities now, and analysts now expect more deals to close here for the rest of ...
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  • Thailand's Military Ruler Bans All Protests

    Thailand’s Military Ruler Bans All Protests

    Thailand's Military Ruler Bans All Protests More than 1,000 Thai troops and police sealed off one of Bangkok's busiest intersections Thursday to prevent a planned protest, authorities say they will no longer allow any demonstrations against last week's military coup. Truckloads of soldiers blocked all incoming roads to the capital's Victory Monument in a massive ...
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  • Abraaj Buys Stake In Thai Education Firm Amid Political Turmoil

    Abraaj Buys Stake In Thai Education Firm Amid Political Turmoil

    Abraaj Buys Stake In Thai Education Firm Amid Political Turmoil Abraaj said it bought a stake in out-of-school education provider KPN Academy, without disclosing the purchase price. Middle East private equity firm Abraaj Group bought into an education provider in Thailand, betting on a country that last week saw the imposition of military rule after ...
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  • T-BAY HOLDINGS INC (OTCMKTS:TBYH) Online Shopping Takes  Bigger Slice of Market

    T-BAY HOLDINGS INC (OTCMKTS:TBYH) Online Shopping Takes Bigger Slice of Market

    T-BAY HOLDINGS INC (OTCMKTS:TBYH) Online Shopping Takes Bigger Slice of Market T-BAY HOLDINGS INC (OTCMKTS:TBYH) Online Shopping will be available in the USA in late 2014 as the sector remains one of the USA's best performers. Electronic shopping is showing rapid growth compared to the rest of the retail trade sector, with the number of ...
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  • Thai Military Government Provides Stability

    Thai Military Government Provides Stability

    Thai Military Government Provides Stability Thailand's ruling junta says it has no desire to "cling to power'' but it gave no clear timeframe for when it will allow free elections to take place. Lt. Gen. Chatchalerm Chalermsukh told a news conference Thursday that it was "impossible to hold an election at the moment'' because there ...
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  • China's Economy To Expand 7.25% In Y 2014

    China’s Economy To Expand 7.25% In Y 2014

    China's Economy To Expand 7.25% In Y 2014 China is expected to deliver growth of above 7 % this year and next on a shift of focus on quality of growth rather than quantity, the National Australia Bank (NAB) Group Chief Economist Alan Oster has forecast. "Growth will be still robust but the rapid pace ...
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  • Former Thai Protest Leaders Freed From Army Detention

    Former Thai Protest Leaders Freed From Army Detention

    Former Thai Protest Leaders Freed From Army Detention Former pro-government protest leaders were released Wednesday after a 7 day detention at undisclosed Army barracks. The activists had been detained after they had reported to the National Council for Peace and Order (NCPO), the official title of a military junta headed by Army Chief Gen. Prayuth ...
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  • South Korea To Swap Currencies With Malaysia In Trade Settlements

    South Korea To Swap Currencies With Malaysia In Trade Settlements

    South Korea To Swap Currencies With Malaysia In Trade Settlements South Korea will use its currency swap deal with Malaysia to support trade settlement in the Malaysian ringgit for local companies, the central bank and finance ministry said. The Bank of Korea (BOK) and the Finance Ministry said in a joint statement that they agreed ...
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  • Thai PDRC Leader Suthep Indicted For Murder

    Thai PDRC Leader Suthep Indicted For Murder

    Thai PDRC Leader Suthep Indicted For Murder Thailand's former Deputy Prime Minister and leader of the People's Democratic Reform Committee (PDRC) Suthep Thaugsuban Monday was indicted by the Criminal Court on charges of murder and attempted murders. The anti-government protest leader was charged for allegedly ordering the military crackdown on Red Shirt protesters in Y ...
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  • Singapore's Fullerton Fund Granted RQFII License

    Singapore’s Fullerton Fund Granted RQFII License

    Singapore's Fullerton Fund Granted RQFII License The Singapore-based Fullerton Fund Management has received RMB Qualified Foreign Institutional Investors (RQFII) status from the China Securities Regulatory Commission, it said Monday. The qualification will allow the Temasek-linked firm to tap offshore renminbi deposits for investments in China's domestic stock and bond markets under the RQFII scheme. The ...
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  • Philippines Should Deregulate Investments

    Philippines Should Deregulate Investments

    The government should figure out ways to open up restricted industries to foreign investors without changing the Constitution, former Finance Secretary Jose Isidro “Lito” Camacho said at the sidelines of the World Economic Forum (WEF) on East Asia held in Makati this week. According to the current vice-chairman of Credit Suisse for Asia Pacific, liberalizing ...
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  • Investment in China Continues to Slow

    Investment in China Continues to Slow

    China's fixed asset investment is expected to grow by 17 percent year on year in q2 the china securities journal reported on Friday citing a report from the state information center. The projection is a further slowdown from 17.6 percent for q1. the report by the government think tank said investment in manufacturing and housing ...
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  • Thai Farmers Enlisted Unde Rice Pledging Program Be Paid

    Thai Farmers Enlisted Unde Rice Pledging Program Be Paid

    Thai Farmers Enlisted Unde Rice Pledging Program Be Paid More than 800,000 Thai farmers who have not been paid for their Rice under the Yingluck government's Rice-pledging scheme are expected to receive some 92-B Thai baht (US$ 2.88-B) starting Monday. Nathawat Chancharoen, deputy spokesman of the military junta's National Council for Peace and Order said ...
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  • Thai Coup Leader Has Royal Endorsement, Suthep, Yingluck Released

    Thai Coup Leader Has Royal Endorsement, Suthep, Yingluck Released

    Thai Coup Leader Has Royal Endorsement, Suthep, Yingluck Released Thai coup leader Army Chief General Prayuth Chan-ocha received the Royal endorsement Monday appointing him the leader of the National Council for Peace and Order (NCPO). Addressing the press conference later, General Prayuth called for public understanding about the coup, affirming sincere action aimed at easing ...
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  • Philippines Investment Outlook

    Philippines Investment Outlook

    Businesses turned more bullish in the second quarter, expecting to make more money as the domestic economy recovers from the effects of Supertyphoon “Yolanda” and get a boost from improving conditions in advanced markets. The improvement was a result of several factors, mainly robust consumer demand during the harvest season, graduation and enrolment periods, and ...
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  • Thai Coup has Widespread Support

    Thai Coup has Widespread Support

    Thai Coup has Widespread Support The Ministry of Foreign Affairs Calls for Change Group supports and applauds the Peace and Order Maintaining Command of the Royal Thai Army, all security personnel and the relevant authorities, in their efforts and for their determination to lead Thailand and its people out of the current political crisis, with ...
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  • Thai Military Tightens Grip, Focus On Economic Problems

    Thai Military Tightens Grip, Focus On Economic Problems

    Thai Military Tightens Grip, Focus On Economic Problems Sunday, Thailand's military tightened its grip, as it moved to dampen protests fuelled by social media and to rally commercial agencies and business to revitalize its hammered economy. The military overthrew the government on Thursday after months of debilitating and violent confrontation between the populist government of ...
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  • Malaysian PM, China Considered ASEAN's Active Partner

    Malaysian PM, China Considered ASEAN’s Active Partner

    Malaysian PM, China Considered ASEAN's Active Partner China has long been considered ASEAN's most active partner and this trend looks certain to continue, Malaysian Prime Minister Najib Tun Razak said Saturday. In Y 2010, ASEAN and China signed a 5-yr Plan of Action ( 2011-2015) to implement the Joint Declaration on ASEAN-China Strategic Partnership for ...
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  • Thailand's King Has Been Informed Of Military Coup

    Thailand’s King Has Been Informed Of Military Coup

    Thailand's King Has Been Informed Of Military Coup The Thai military junta said Saturday that the nation's King Bhumibol Adulyadej has acknowledged its report about the power seizure by the National Peace and Order Maintaining Council. In a statement, the junta said it had submitted letters to the King through the Office of His Majesty's Principal ...
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  • Thailand’s Military Names Economic Minister

    Thailand’s Military Names Economic Minister

    Thailand’s Military Names Economic Minister Thailand’s military junta ordered 35 more people to report to Saturday afternoon or risk arrest, including ruling party members ousted in the coup, academics and a former protest leader who once seized Bangkok’s airports. The junta has detaining 3 ousted prime ministers and leaders of rival street protest movements. The ...
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  • Thai Senate Dissolved, Key Officials Moved To Inactive Posts

    Thai Senate Dissolved, Key Officials Moved To Inactive Posts

    Thai Senate Dissolved, Key Officials Moved To Inactive Posts Saturday night , Thai coup leader, Army Chief General Prayuth Chan-ocha, dissolved the Senate and transferred a few important government officials to inactive posts following Thursday's coup. Prayuth said that he had taken over the authority of the House of Representatives and the Senate for the ...
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  • ASEAN Risks Being Divided In US Pivot To Asia

    ASEAN Risks Being Divided In US Pivot To Asia

    ASEAN Risks Being Divided In US Pivot To Asia While the United States, with the pivot to Asia, is testing China's capability to handle diplomatic challenges in ties with its neighborhood, it is carrying out the strategy increasingly at the expense of the Association of Southeast Asian Nations (ASEAN) by driving wider the rifts among ...
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  • US Suspends $3.5-M In Military Aid To Thailand Following Coup

    US Suspends $3.5-M In Military Aid To Thailand Following Coup

    US Suspends $3.5-M In Military Aid To Thailand Following Coup  The United States has suspended about US$3.5-M in military assistance to Thailand following a coup, the State Department said Friday. The United States is reviewing the rest of the annual direct assistance to Thailand, which totaled  US$10.5-M in FY 2013, as well as other aid ...
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  • Beijing, Shanghai Lead Asian Cities In Economic Influence

    Beijing, Shanghai Lead Asian Cities In Economic Influence

    Beijing, Shanghai Lead Asian Cities In Economic Influence Beijing and Shanghai are among the world's 5 most economically influential cities, surpassing any other Asian cities including Singapore and Tokyo, a report showed this week. Among the 30 major cities measured, Beijing ranks 2nd in "economic power", with a tiny margin to #1, London, while Shanghai ...
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  • IRRI Pushes For Rice Futures Market In Asia

    IRRI Pushes For Rice Futures Market In Asia

    IRRI Pushes For Rice Futures Market In Asia The Philippine-based International Rice Research Institute (IRRI) Thursday renewed its call for the establishment of a Rice index and Commodities exchange in Asia. IRRI Director-General Robert Zeigler said a Rice futures market will help stabilize Rice trade in the region. "A well-regulated rice futures market will benefit ...
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  • Thailand Army Chief General Begins Governing Country

    Thailand Army Chief General Begins Governing Country

    Thailand Army Chief General Begins Governing Country Thailand's General Prayuth Chan-ocha, 60 anni, will begin to govern his country Friday, a day after he seized power in a bloodless coup in a bid to end 6 months of turmoil. General Prayuth launched his coup after factions refused to give ground in a struggle for power ...
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  • Thailand Under Curfew After Army Coup

    Thailand Under Curfew After Army Coup

    Thailand Under Curfew After Army Coup Thai's Army Chief General declares himself as the Prime Minister after military seizes power in country's 12th coup since Y 1932 A nationwide curfew has been imposed in Thailand after the country's military seized power by dissolving the government and suspending the constitution. Chief General Prayut Chan-Ocha announced Thursday ...
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  • Thailand's Army Chief Announces Military Coup

    Thailand’s Army Chief Announces Military Coup

    Thailand's Army Chief Announces Military Coup Thai Army Chief General Prayuth Chan-ocha  Thursday declared a coup to prevent any more loss of life and prevent the conflict from escalating further. The Peace and Order Maintaining Command has taken the power from the caretaker government, General Prayuth announced on national television. The development followed 2 days of meetings ...
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  • HSBC Flash China PMI At 5 Month High

    HSBC Flash China PMI At 5 Month High

    HSBC Flash China PMI At 5 Month High The HSBC Flash China purchasing managers' index (PMI) rebounded sharply to 49.7 in May, hitting a 5 month high, data shows Thursday. The HSBC/Markit China PMI, an indicator designed to provide a snapshot of operating conditions in the manufacturing sector, was up from 48.1 in April, said ...
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  • Singapore Is The Most Investor Friendly Country In The World

    Singapore Is The Most Investor Friendly Country In The World

    Singapore Is The Most Investor Friendly Country In The World Singapore is still the world's most investor-friendly location, followed by Switzerland and Hong Kong, according to a latest survey by the Economist Intelligence Unit (EIU). The survey measures the quality of the business environment in 82 locations. It is designed to reflect the main criteria ...
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  • Australian Exports To China Exceed AU$100-B In 2013

    Australian Exports To China Exceed AU$100-B In 2013

    Australian Exports To China Exceed AU$100-B In 2013 Australia's exports to China, its biggest trading partner, has exceeded AU$100-B (US$92.3-B) in Y 2013, Minister for Trade and Investment Andrew Robb announced Wednesday. Mr. Robb quoted data released by the Australian Bureau of Statistics (ABS) as saying that the new trade and services data highlighting the ...
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  • Thai Army Chief Takes Command, Calls Meeting Of Political Sides

    Thai Army Chief Takes Command, Calls Meeting Of Political Sides

    Thai Army Chief Takes Command, Calls Meeting Of Political Sides Thailand's Army Chief Gen. Prayuth Chan- ocha Wednesday called a meeting of representatives from various parties involved in the country's protracted political crisis. The meeting is to be attended by representatives from the Pheu Thai Party, Democrat Party, the pro-government United Front of Democracy against ...
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  • Asian Security, Asians' Responsibility

    Asian Security, Asians’ Responsibility

    Asian Security, Asians' Responsibility Asia is a throbbing continent, not only because of its breath-taking momentum in economic growth, but also in terms of the heart-wrenching stack of security threats it faces. From Afghanistan to Iraq and to Syria, and from the South China Sea disputes to the Korean Peninsula and Iranian nuclear issues and ...
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  • Singapore Economy Expands 4.9% In Q-1

    Singapore Economy Expands 4.9% In Q-1

    Singapore Economy Expands 4.9% In Q-1 Singapore's economy grew by 4.9% Y-Y in Q-1 of this year, supported by a rebound in manufacturing sector, the Ministry of Trade and Industry released the data showed Tuesday. The expansion in GDP during the 3-month frame was lower than the government's initial forecast of 5.1%. On a Q-Q ...
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  • Japanese Stocks Trade At A Discount To US Counterparts

    Japanese Stocks Trade At A Discount To US Counterparts

    Japanese Stocks Trade At A Discount To US Counterparts For the 1st time since October 2012 the Nikkei 225 Stock Average’s 14% dive this year has it at 15.9X forecast earnings, compared to about 16X for the S&P 500 as of  Tuesday’s open. Though the discount is small, it is notable because it happens so ...
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  • Google Inc (NASDAQ:GOOG) ‘Twitches And Divides’

    Google Inc (NASDAQ:GOOG) ‘Twitches And Divides’

    Google Inc(NASDAQ:GOOG) attempts to long remain a straight-jacketed search-engine company but the company which also makes ‘wearable internet’ has now led it acquiring a mobile company named Divide. Parallel developments by the likes of WSJ indicate that it is in serious talks with a company named Twitch, which offers live video-streaming services. ‘Twitch’ for content, ...
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  • Thailand's Army Chief Declares Martial Law

    Thailand’s Army Chief Declares Martial Law

    Thailand's Army Chief Declares Martial Law The Army said that the military took action to "keep peace and order" as soldiers entered several private TV stations in Bangkok, the nation's capital. Thailand was declared under martial law Tuesday in the face of a looming street chaos in Bangkok, the Thai capital. Army Chief Gen. Prayuth Chan-ocha declared ...
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  • Trade Ministers Meet In Singapore For TPP Talks

    Trade Ministers Meet In Singapore For TPP Talks

    Trade Ministers Meet In Singapore For TPP Talks Trade ministers and chief negotiators of the participating countries in the Trans-Pacific Partnership (TPP) talks gathered in Singapore Monday for another round of talks, observers said they do not expect the talks to conclude any time in the near term. The 2-day meeting behind closed doors is ...
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  • Sony Corp (ADR) (NYSE:SNE): Finally Falters!

    Sony Corp (ADR) (NYSE:SNE): Finally Falters!

    Sony Corp (ADR)(NYSE:SNE) has been the red spots on the trading floor on Wed, May 14, following the reporting of drop in net profits and sales during the fourth quarterly performance assessment.  What really drove this Japanese electronic major plummeting downwards by over 5.1% was the guidance for the current financial year: The net loss ...
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  • Japan's Core Machinery Orders Up 19.1% In March

    Japan’s Core Machinery Orders Up 19.1% In March

    Japan's Core Machinery Orders Up 19.1% In March  Japan's core private-sector machinery orders in March climbed a seasonally adjusted 19.1% on monthly basis to JPY936.7-B (US$ 6.22-B), the Japanese government said Monday, suggesting the consumption tax hike from 1 April promoted companies to bring forward investment before it. The orders, widely regarded as a leading ...
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  • APEC Roadmap: Plan A Free Trade Area

    APEC Roadmap: Plan A Free Trade Area

    APEC Roadmap: Plan A Free Trade Area A ministerial meeting of Asia-Pacific Economic Cooperation (APEC) has reiterated its resolution to draft a Roadmap aimed the establishment of a Free Trade Area (FTA) of the Asia-Pacific (FTAAP). The annual APEC Ministers Responsible for Trade Meeting, which wrapped up Sunday in China's eastern city of Qingdao, released ...
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  • Myanmar: World Bank Grants $80-M For Community Development

    Myanmar: World Bank Grants $80-M For Community Development

    Myanmar: World Bank Grants $80-M For Community Development World Bank (WB) has granted US$80-M for Myanmar National Community Development projects in 3 townships in Myanmar, official media reported Saturday. The work of the US$86.3-M project is now underway in Kanpetlet in Chin State, Namhsam in Shan State and Kyunsu in Taninthayi Region, said the New ...
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  • Thai Protest Leader Sets 27 May As D-Day

    Thai Protest Leader Sets 27 May As D-Day

    Thai Protest Leader Sets 27 May As D-Day Thailand's anti-government protest leader Suthep Thaugsuban said Saturday that if not enough people joined his campaign to pressure the remaining caretaker ministers to resign by 26 May, he will stop fighting and turn himself in the next day. Suthep urged more than 1-M people to come out ...
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  • Japan Launches Revolutionary Battery Technology, Maybe A Game Changer

    Japan Launches Revolutionary Battery Technology, Maybe A Game Changer

    Japan Launches Revolutionary Battery Technology, Maybe A Game Changer Power Japan Plus today launched a new battery technology – the Ryden dual carbon battery. This unique battery offers energy density comparable to a lithium ion battery, but over a much longer functional lifetime with drastically improved safety and cradle-to-cradle sustainability. The Ryden battery makes use of ...
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  • Modi Wins, Declares "New Era" in India

    Modi Wins, Declares “New Era” in India

    Modi Wins, Declares "New Era" in India JPM, TTM Narendra Modi, 63 anni, declared a "new era" in India after his opposition bloc secured the biggest election win in 30 yrs, with voters tired of sluggish economic growth and corruption handing the Gandhi Dynasty a historic defeat. The Bharatiya Janata Party and its allies won 274 ...
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  • Chinese Moving In Asian Waters, Obama's Pivot Strategy Challenged

    Chinese Moving In Asian Waters, Obama’s Pivot Strategy Challenged

    Chinese Moving In Asian Waters, Obama's Pivot Strategy Challenged There are 3 emerging crises in the Asia-Pacific region that illustrate China's new offensive mode, and the need for a strong multinational response. Recent moves on China's north and south Pacific flanks include establishing of an air defense zone over the Senkaku Islands, building a base ...
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  • Hot Money Hits Philippines Economy

    Hot Money Hits Philippines Economy

    A net inflow of foreign portfolio investments or “hot money” was recorded for the first time this year last April as financial markets stabilized, allowing fund managers to focus on the economic fundamentals of individual countries. “The net inflow arose from investor optimism about the economy’s growth and strong quarterly corporate results, ignoring the possibility ...
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  • ASEAN: Maritime Silk Road Brings New Opportunity

    ASEAN: Maritime Silk Road Brings New Opportunity

    ASEAN: Maritime Silk Road Brings New Opportunity Accelerating the maritime Silk Road development became a heated topic at the 8th Pan-Beibu Gulf (PBG) Economic Cooperation Forum, as the initiative is expected to inject new impetus to regional growth. The forum, which was held in Nanning Thursday, drew government officials, experts and business people from China ...
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  • Thailand Violence Heats Up, Acting PM Flees Meeting, 3 Killed

    Thailand Violence Heats Up, Acting PM Flees Meeting, 3 Killed

    Thailand Violence Heats Up, Acting PM Flees Meeting, 3 Killed Protesters seeking to oust Thailand's government broke into the grounds of an Air Force compound Thursday where the acting prime minister was meeting the Election Commission to fix a date for new polls, forcing him to flee. The disruption of acting Prime Minister Niwatthamrong Boonsongphaisan's ...
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  • Thai Anti-Government Protest Continue, 2 Killed In Bangkok

    Thai Anti-Government Protest Continue, 2 Killed In Bangkok

    Thai Anti-Government Protest Continue, 2 Killed In Bangkok Unidentified gunmen attacked anti-government protesters in Bangkok Thursday, killing 2 people as Thailand's rival political factions squared off over who should be the nation's prime minister. Protests aimed at ending the influence of ousted former premier Thaksin Shinawatra have brought occasional violence to Bangkok since November, with ...
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  • Vietnam-EU FTA Expected To Boost Exports

    Vietnam-EU FTA Expected To Boost Exports

    Vietnam-EU FTA Expected To Boost Exports The Vietnam-EU Free Trade Agreement (FTA), expected to be signed by October this year, would likely bring "win-win" opportunities of success for both sides' business circles, according to experts at the business forum held recently in southern Ho Chi Minh (HCM) City. According to Jean-Jacques Bouflet, minister-counsellor and head ...
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  • Indonesia Rupiah Trading

    Indonesia Rupiah Trading

    Indonesia Rupiah Trading The rupiah traded among banks in Jakarta on Wednesday afternoon rose by 93 points to11,444 per US dollar, up from 11,537 per US dollar. "Political sentiment has dominated the rupiah trading today. Presidential hopefuls that we have at the moment are seen positively by domestic financial market players," PT Platon Niaga Berjangka ...
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  • Philippines Peso Outlook

    Philippines Peso Outlook

    Philippines Peso Outlook The Department of Trade and Industry (DTI) expects the country’s net foreign direct investments (FDIs) to grow by as much as 20 percent this year from the $3.9 billion posted last year, as the Philippines continues to gain momentum with its strong economy and good governance measures. Also driving this growth would ...
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  • China Plans Cultural Cooperation Along Silk Road

    China Plans Cultural Cooperation Along Silk Road

    China Plans Cultural Cooperation Along Silk Road China's program is aimed at improving cooperation in fields such as the entertainment business, tourism, protection of cultural heritage and sport, said a statement from the ministry. The Silk Road, an ancient trade route, linked China with Europe (EU) through Central Asia for centuries. Chinese President Xi Jinping during ...
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  • Sony Corp (ADR) (NYSE:SNE) Set To Post Fourth Annual Loss; Hirai Promises Revival

    Sony Corp (ADR) (NYSE:SNE) Set To Post Fourth Annual Loss; Hirai Promises Revival

    Kazuo Hirai, who has been at helm of Sony Corp (ADR) (NYSE:SNE) as chief executive, has tasted a little success to revive the company from where it was two years back. After promising a turnaround in 2012, the company is set to report its fourth straight annual loss within the last five years. This has ...
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  • Crisis In Thailand Continues, Pressure Builds On Senate

    Crisis In Thailand Continues, Pressure Builds On Senate

    Crisis In Thailand Continues, Pressure Builds On Senate Thailand's Senate is due to meet Tuesday to try to find a solution to protracted political turmoil, with both sides putting pressure on the only legislative assembly still operating in the divided country. The deadlock, the result of anti-government protests that began in November, has crippled government, ...
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  • Malaysia On Track To Achieve High-Income Nation Status

    Malaysia On Track To Achieve High-Income Nation Status

    Malaysia On Track To Achieve High-Income Nation Status Tuesday, the Malaysian government said it is on track to achieve a goal of becoming a high-income nation by Y 2020 as the country enters the mid-point of a 10-yr program to transform the economy and reduce reliance on Crude Oil revenues. GNI (gross national income) per ...
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  • Resale Prices Of Non-landed Private Homes Hit 16-mo Low In Singapore

    Resale Prices Of Non-landed Private Homes Hit 16-mo Low In Singapore

    Resale Prices Of Non-landed Private Homes Hit 16-mo Low In Singapore The overall resale prices of non-landed private homes in Singapore fell by 1.7%  in April on month, hitting a 16-month low since December of Y 2012, the Singapore Real Estate Exchange (SRX) said Monday. This trend came in spite of the increase in volumes ...
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  • Security Tightened In Thailand, Risk Of Violence Seen

    Security Tightened In Thailand, Risk Of Violence Seen

    Security Tightened In Thailand, Risk Of Violence Seen Thai security officials said they will arrest protest leaders seeking to install an appointed prime minister as rising tensions threaten to spark fresh clashes between supporters and opponents of the government. “We ask people to leave protest sites and warn your children and family members to stay ...
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  • Coffee, Beverage Brands Best For Franchising In China

    Coffee, Beverage Brands Best For Franchising In China

    Coffee, Beverage Brands Best For Franchising In China  According to an industry survey, Coffee and Beverage businesses are the best bets for opening franchises in China. The China Chain Store and Franchise Association (CCFA) said investors are most optimistic about Coffee and Beverage brand franchise business. In its survey of corporate managers, franchisees and investors ...
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  • Palm Oil Futures to Rally

    Palm Oil Futures to Rally

    Palm Oil Futures to Rally Southeast Asia's booming palm oil industry is facing a double blow from a recent drought and a possible El Nino weather phenomenon later this year, with analysts warning a production shortfall could spark a jump in consumer goods prices. From biscuits to shampoo and make-up, the oil has become a ...
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  • Thailand's Army Standing By For The People In Political Crisis

    Thailand’s Army Standing By For The People In Political Crisis

    Thailand's Army Standing By For The People In Political Crisis Saturday, Thailand's army chief Prayuth Chan-ocha noted that a military coup would not solve the nations political predicament. But soldiers will always be the people's last resort, General Prayuth was quoted by Bangkok Post as saying. He called on all parties involved to end the ...
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  • Yingluck's Supporters Gathering To Protest Her Removal As PM

    Yingluck’s Supporters Gathering To Protest Her Removal As PM

    Yingluck's Supporters Gathering To Protest Her Removal As PM Supporters of Thailand's deposed government gathered Saturday on the outskirts of Bangkok saying they were determined to safeguard democracy and avert a coup as anti-government protesters, based at a central park, planned their "final push". Thailand's polarized politicians have been unable to compromise over a nearly ...
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  • WB Forecast That China Will Surpass US Economy Causes Int'nl Uproar

    WB Forecast That China Will Surpass US Economy Causes Int’nl Uproar

    WB Forecast That China Will Surpass US Economy Causes Int'nl Uproar The forecast based on the latest study indicating that China’s economy is expected to surpass that of the US in size this year triggered and international uproar. The study conducted by World Bank's International Comparison Program (ICP), released on April 30 suggests that China's ...
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  • Philippines Keeps Key Policy Rates Unchanged

    Philippines Keeps Key Policy Rates Unchanged

    Philippines Keeps Key Policy Rates Unchanged The Philippine Monetary Board (MB) said Thursday that it has decided to maintain policy rates even as it raised its inflation forecast for the year. Monetary officials said average inflation for Y 2014 could settle at 4.3%, slightly higher than their earlier projection of 4.2%. Despite this, monetary officials ...
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  • Deposed Thai PM Yingluck Indicted On Rice Pledging Scheme

    Deposed Thai PM Yingluck Indicted On Rice Pledging Scheme

    Deposed Thai PM Yingluck Indicted On Rice Pledging Scheme Thailand's National Anti-Corruption Commission (NACC) Thursday announced the indictment of former Prime Minister Yingluck Shinawatra on charges of dereliction of duty in overseeing a controversial Rice-pledging scheme. The NACC members unanimously ruled that Ms.Yingluck failed to fight corruption pertaining to the government program supposedly aimed to ...
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