Asia

  • 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, ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • Indonesia's Voters Set To Vote For Radical Changes

    Indonesia’s Voters Set To Vote For Radical Changes

    Indonesia's Voters Set to Vote For Radical Changes Indonesia's election season kicked off Sunday with the promise of a new style of leadership in the world's 3rd largest democracy, whose economic promise has seen rampant graft, confusing policy and weak rule. An uncertain election outlook abruptly changed last Friday when the main PDI-P opposition party ...
    read more »

  • China's Premier Said GDP Target Flexible, Stresses Employment Key Issue

    China’s Premier Said GDP Target Flexible, Stresses Employment Key Issue

    China's Premier Says GDP Target Flexible, Stresses Employment Key Issue Chinese Premier Li Keqiang said last week there is a level of flexibility for the government's growth target at around 7.5% in Y 2014, stressing more the importance of creating enough jobs for more Chinese workers. "We are not preoccupied with GDP growth," Li stressed ...
    read more »

  • China's Reform And Growth, An Uphill Trek

    China’s Reform And Growth, An Uphill Trek

    China's Reform And Growth, An Uphill Trek  China's annual parliamentary meetings came to a close this week. China's leaders have charted a clear course as the world's 2nd largest economy moves into its next stage with a reform-determined leadership in charge. The growth targets have been set, the way to the destination mapped. The Big ...
    read more »

  • Will China Require Economic Stimulus Package?

    Will China Require Economic Stimulus Package?

    Countries around the world are giving economic stimulus packages to encourage economic growth. China last gave a stimulus package almost two years back, yet it has managed to grow at the projected rate. However, recent data indicates that a short term package may be needed. Economic Stimulus: Many countries including the U.S. have been giving ...
    read more »

  • China Asks Alibaba And Tencent HKG:0700 To Halt Virtual Cards

    China Asks Alibaba And Tencent HKG:0700 To Halt Virtual Cards

    The Chinese central bank has halted the issuance of virtual credit cards to be offered by both Alibaba as well as its competitor Tencent Holdings HKG:0700. Virtual Cards – Easy way to spend money: Both Alibaba as well as Tencent have expressed their desire to branch out into financial sector. In fact, the top three ...
    read more »

  • China's Premier Tells Investors To Prepare For A Wave Of Industrial Bankruptcies

    China’s Premier Tells Investors To Prepare For A Wave Of Industrial Bankruptcies

    China's Premier Tells Investors To Prepare For A Wave Of Industrial Bankruptcies World's 2nd largest economy is facing 'major challenges, as many companies with high debts are being forced to default on there bonds and business loans Premier Li Keqiang told lenders to China's private sector factories they should expect debt defaults in the year ahead. Speaking after the annual session of ...
    read more »

  • Japan's Core Machinery Orders Rise 13.4% In January

    Japan’s Core Machinery Orders Rise 13.4% In January

    Japan's Core Machinery Orders Rise 13.4% In January Japan's core private-sector machinery orders gained a seasonally adjusted 13.4% from the previous month to JPY 843.5-B (US$8.21-B) , the Japanese government said Thursday, suggesting the recent economic recovery has stimulated companies' investment. The machine orders, widely regarded as a leading indicator of capital spending, were up ...
    read more »

  • Cambodia Reports $390-M Trade Deficit In 1st 2 Months Of 2014

    Cambodia Reports $390-M Trade Deficit In 1st 2 Months Of 2014

    Cambodia Reports $390-M Trade Deficit In 1st 2 Months Of 2014 Cambodia has recorded a trade deficit of 23% in equivalent to US$390-M  in the 1st 2 months of this year, according to the figures of the Ministry of Commerce Thursday. Total import and export volume was valued at US$ 2.95-B during the January-February frame ...
    read more »

  • Barwa Real Estate Full Year Profits Up By 27.3%

    Barwa Real Estate Full Year Profits Up By 27.3%

    One of Qatar biggest real estate company “Barwa Real Estate” today released data for its fourth quarter and full year operations. For the full year, the real estate firm managed to post net profits of $384.5 which was a 27.3 percent increase over FY12 revenue of $301.8. Slow Start To The Year The huge jump ...
    read more »

  • Indonesia Keeps Key Rates Unchanged Amid Signs Of Economic Recovery

    Indonesia Keeps Key Rates Unchanged Amid Signs Of Economic Recovery

    Many countries seem to be coming out of the recession prompting their respective banks to tinker with benchmark rates. However, some countries are still looking for stability and are leaving them unchanged. The Indonesian Story: Indonesia belong to the fragile five club, a phrase coined by Morgan Stanly to denote countries with currencies under most ...
    read more »

  • Japan: Wholesale Prices + 1.8% In February

    Japan: Wholesale Prices + 1.8% In February

    Japan: Wholesale Prices + 1.8% In February Japan's wholesale prices increased 1.8% in February for the 11th month running due to a weaker Yen that increased material and fuel prices, said the Japanese central bank Wednesday. The index of corporate goods prices stood at 102.8 Vs the Y 2010 base of 100, the Bank of ...
    read more »

  • Indonesia Warned Of Consequences Of Massive Coal Exploitation

    Indonesia Warned Of Consequences Of Massive Coal Exploitation

    Indonesia Warned Of Consequences Of Massive Coal Exploitation Environmental preservation activists Wednesday warned Indonesia of an unbearable cost to its future caused by massive coal exploitation, which has been boasted as a significant contributor to its Gross Domestic Product (GDP) and economy growths. The warning was issued by activists joining the international environmentalist organization Greenpeace ...
    read more »

  • Japan's Economy Grew Slower Than Expected In Last Quarter

    Japan’s Economy Grew Slower Than Expected In Last Quarter

    Japan's Economy Grew Slower Than Expected In Last Quarter The growth of Japan's economy in Q-4 of Y 2013 was slower than expected, the government figures showed Monday, as the overall economy grew just 0. 7% on an annualized basis in the last Q of Y 2013, revised down from the projected 1% growth rate. ...
    read more »

  • China Sees A Trade Deficit In February

    China Sees A Trade Deficit In February

    China Sees A Trade Deficit In February China's foreign trade fell Y-Y in February, the amount was large, the customs data showed Saturday. Total trade volume dropped by 4.8% Y-Y in February to US$251.18-B, the General Administration of Customs said in a statement. Trade deficit stood at US$22.98-B, against a surplus of US$14.8-B last February, ...
    read more »

  • China Sees First Onshore Bond Default

    China Sees First Onshore Bond Default

    Onshore bond market of China experienced its 1st default when a solar-cell manufacturer, Shanghai Chaori Solar Energy Science & Technology Co. didn’t pay interest on its bonds. The quantity of Chinese companies having debt double of their equity has increased since the international financial crisis, indicating this 1st bond default would not be the country’s ...
    read more »

  • Palm Oil at 17-Month High

    Palm Oil at 17-Month High

    World’s most-used cooking oil, Palm oil jumped to 17 month high level on fears that a protracted dry spell in Indonesia and Malaysia, the biggest growers, might decrease supplies. May delivery contract surged 0.7% to 2,888 ringgit ($886) per ton. Futures jumped 3.1% this week, registering a 5th weekly advance. On the Dalian Commodity Exchange, ...
    read more »

  • US Investigating Terrorism In Malaysian Plane Disappearance

    US Investigating Terrorism In Malaysian Plane Disappearance

    US Investigating Terrorism In Malaysian Plane  Disappearance Officials from the United States are investigating terrorism concerns over the missing Malaysia Airlines plane after 2 people listed as passengers of the MH 370 flight were confirmed "Not on Board," and their passports were reported stolen in Thailand some time ago, it was reported Saturday. US officials have ...
    read more »

  • China: Premier’s Report Shows New Economic Strategy

    China: Premier's Report Shows New Economic Strategy UBS China's 7.5% growth target is the same as in the last few years, its importance is fading as many believe the government no longer sees the number as the necessary minimum. "We should keep economic performance within a proper range," Permier Li Keqiang said in the government ...
    read more »

  • Japan's Key Economic Gauge Climbs To 6 Yr High

    Japan’s Key Economic Gauge Climbs To 6 Yr High

    Japan's Key Economic Gauge Climbs To 6 Yr High The composite index of Coincident Indicators, a key gauge of Japan's economic conditions, rose in January to its highest mark in 6 yrs, the Cabinet Office said Friday. The index of Coincident Indicators include; industrial output, retail sales and new job offers, gained 2.5 pts on ...
    read more »

  • Palm Oil Rises To 17-Month High, Dry Spell Threatens Output

    Palm Oil Rises To 17-Month High, Dry Spell Threatens Output

    Palm Oil Rises To 17-Month High, Dry Spell Threatens Output Palm Oil climbed to the highest level since September 2012 on concern that a prolonged dry spell in Malaysia and Indonesia, the biggest growers, may reduce supplies of the world’s most-used Cooking Oil. The contract for May settlement advanced 0.7% to 2,888 Ringgit ($886) a ...
    read more »

  • Real Estate: Singapore Property Giant Buys Sydney Landmark Bldg

    Real Estate: Singapore Property Giant Buys Sydney Landmark Bldg

    Real Estate: Singapore Property Giant Buys Sydney Landmark Bldg One of Sydney Australia's prime RE development sites was bought by a Singapore developer Thursday, in a landmark sale that "significantly exceeded" prior estimates that has the potential to "sound off like a starters pistol," for a new Sydney land investment/development rush Minister for Finance and ...
    read more »

  • The 3rd Arrest Warrant Has Been Issues For Thai Protest Leader

    The 3rd Arrest Warrant Has Been Issues For Thai Protest Leader

    The 3rd Arrest Warrant Has Been Issues For Thai Protest Leader Wednesday, the Thai Criminal Court approved another, the 3rd, arrest warrant against Suthep Thaugsuban the leader of the anti-government street rally, on charges of murder and attempted murder in a protest crackdown in Y 2010, the local press reported. This is the 3rd arrest ...
    read more »

  • Singapore Is The Most Expensive City In The World

    Singapore Is The Most Expensive City In The World

    Singapore Is The Most Expensive City In The World Singapore replaced Tokyo as the most expensive city in the world, according to the latest Worldwide Cost of Living Survey published by the Economist Intelligence Unit (EIU) Wednesday. The bi-Annual Survey compares more than 400 individual prices across 160 products and services, and it shows that ...
    read more »

  • Japan’s Wages Rise

    Japan’s Wages Rise

    For the first time in about 2 years, Japan’s salaries rose in January because companies increased pay for part-time workers, helping Prime Minister Shinzo Abe’s attempt to stop 15 years of deflation. In Tokyo, the labor ministry said today that the base pay excluding overtime and bonuses increased 0.1% compared to a year ago, the ...
    read more »

  • Gold Is Up In The Asian Session On Geopolitical Tensions

    Gold Is Up In The Asian Session On Geopolitical Tensions

    Gold Is Up In The Asian Session On Geopolitical Tensions With the news headlines dominated by Russian Army's' move into the Crimea at the weekend, Gold jumped in Asian session Monday as heightened geopolitical tensions pushed demand for safe-haven assets. Crude Oil prices firmed as it is reported that supply from North Dakota's Bakken Shale ...
    read more »

  • Japan FX Investigation

    Japan FX Investigation

    Japan FX Investigation Authorities in Japan are gathering information regarding the way banks decide foreign exchange rates for commercial deals amid a global investigation into rate manipulation. Bank of Japan and the Financial Services Agency will submit the details to the Financial Stability Board which is examining currency fixing. Japanese banks have very little scope ...
    read more »

  • Philippines Battle for the South China Sea

    Philippines Battle for the South China Sea

    Philippines Battle for the South China Sea On Thursday, the Philippines called on Vietnam, Malaysia and other claimants to help in its legal challenge to Chinese claim in the South China Sea. In January last year, Filipino officials submitted their disputes with China to international tribunal following Chinese ships got control of a disputed region ...
    read more »

  • South Korea Posts Trade Surplus For 25 Months Running

    South Korea Posts Trade Surplus For 25 Months Running

    South Korea Posts Trade Surplus For 25 Months Running South Korea posted a trade surplus for 25 straight months as exports managed to grow, though at a slow pace, a government report showed Saturday. Trade surplus reached US$ 926-M  in February, up from a US$ 760-M surplus in the prior month, according to the Ministry ...
    read more »

  • Japan to Cut Nuclear Reliance

    Japan to Cut Nuclear Reliance

    In comments to parliament today, Prime Minister Shinzo Abe repeated that Japan will diminish its dependence on nuclear energy and will endeavor to promote clean energy sources and conservation. Abe said that renewable energy will be introduced and conservation society will be promoted. He told lawmakers that nuclear power, which once supplied over 25% of ...
    read more »

  • China Bans New Projects in Steel Industries

    China Bans New Projects in Steel Industries

    To alleviate oversupply in the blown up steel sector, China has decided to ban new projects for 4 years. Overcapacity has been a cause of concern for China's steel industry for years, causing huge losses at highly indebted mills, wasting resources and compelling them to depend on government subsidies. Chinese government has put additional capacity ...
    read more »

  • Myanmar Receives $3.6-B In Foreign Investment In F-Y 2013-14

    Myanmar Receives $3.6-B In Foreign Investment In F-Y 2013-14

    Myanmar Receives $3.6-B In Foreign Investment In F-Y 2013-14 Contracted foreign investment in Myanmar amounted to US$3.6-B in the 1st 11 months of the F-Y 2013-14, according to official figures Saturday. Of the investment during this period, 50% flowed into the manufacturing sector while 20% went to the telecommunication sector. Meanwhile, foreign direct investment (FDI) ...
    read more »

  • Vietnam's Hanoi Exchange Extends Upward Trend

    Vietnam’s Hanoi Exchange Extends Upward Trend

    Vietnam's Hanoi Exchange Extends Upward Trend The wptrend extended on the stock market in Vietnam's capital Hanoi last week, the 4th  week running of increasing trend after the Lunar New Year Festival. HNX-Index, the benchmark index on the Hanoi Stock Exchange, closed at 83.12 pts on Friday, + 0.49 pts, or 0.59%, from the priorclose. ...
    read more »

  • Thai Protest Leader Signals End To Bangkok Shutdown

    Thai Protest Leader Signals End To Bangkok Shutdown

    Thai Protest Leader Signals End To Bangkok Shutdown Thai anti-government protest leader Suthep Thaugsuban Friday night announced the operation to paralyze the capital Bangkok, which has lasted from 13 January, will be ended on 3 March. Protesters will withdraw from all rally sites in the city except the one at the Lumpini Park, Suthep said ...
    read more »

  • Thai Anti-Graft Commission To Conclude Yingluck Case In Few Months

    Thai Anti-Graft Commission To Conclude Yingluck Case In Few Months

      Thai Anti-Graft Commission To Conclude Yingluck Case In Few Months Thailand's National Anti-Corruption Commission (NACC) said Thursday that the case in which caretaker Prime Minister Yingluck Shinawatra is charged with dereliction of duty would be wrapped up in months. Ms. Yingluck has been given 15 days to prepare her clarification on the charges, NACC ...
    read more »

  • Thai Deputy PM Proposes UN To Join Solving Crisis

    Thai Deputy PM Proposes UN To Join Solving Crisis

    Thai Deputy PM Proposes UN To Join Solving Crisis Thai caretaker Deputy Prime Minister and Foreign Minister Surapong Tovichakchaikul Wednesday proposed inviting the United Nations to help Thailand resolve the current political conflict. "If we could bring the UN in to initiate talks, a solution to the conflict in Thailand might be reached," Surapong was ...
    read more »

  • Vietnam's Farm Exports + 9.4% Y-Y In 1st 2 Months Of 2014

    Vietnam’s Farm Exports + 9.4% Y-Y In 1st 2 Months Of 2014

    Vietnam's Farm Exports + 9.4% Y-Y In 1st 2 Months Of 2014 Vietnam is expected to earn US$4.33-B from exporting agro-forestry-fishery products in the 1st 2 months of Y 2014, +9.4% Y-Y, said a report by Vietnam's Ministry of Agriculture and Rural Development  Tuesday. In February alone, Vietnam's farm export revenue is likely to hit ...
    read more »

  • MGM Resorts International (NYSE:MGM) $10 Billion Japan Casino

    MGM Resorts International (NYSE:MGM) $10 Billion Japan Casino

    MGM Resorts International (NYSE:MGM) $10 Billion Japan Casino The biggest casino operator on the Las Vegas Strip, MGM Resorts International (MGM), announced it is prepared to spend $5 bn to $10 bn in Japan, just a day after rival Las Vegas Sands Corp. (LVS) announced it planned to invest similar amount if gambling resorts are ...
    read more »

  • Partial Payment For Thai Rice Farmers Approved

    Partial Payment For Thai Rice Farmers Approved

    Partial Payment For Thai Rice Farmers Approved Thailand's Election Commission Tuesday approved an earlier request by the caretaker government to use 712-M Baht (US$21.9-M) from the Central Fund to pay farmers owed under the Rice-pledging scheme. The approved payment will go to 3,971 farmers in provinces of Chachoengsao, Phetchabun, Prachin Buri, Uthai Thani and Ayutthaya, ...
    read more »

  • Fundamentals Help Indonesia Withstand Global Economic Fallout

    Fundamentals Help Indonesia Withstand Global Economic Fallout

    Fundamentals Help Indonesia Withstand Global Economic Fallout Upbeat records of economic growth in Q-4 of Y 2013, as well as inflation, trade balance, Rupiah volatility and foreign exchange reserve, may bode well for Indonesia to fend off turmoil hitting emerging economies this year, but huge consumption of subsidized-fuel and bar on export of mineral concentrates ...
    read more »

  • Indonesia To Ramp Up Infrastructure Financing

    Indonesia To Ramp Up Infrastructure Financing

    Indonesia To Ramp Up Infrastructure Financing Indonesian public work ministry rose the amount of budget funds for infrastructure next year, a minister said Monday. Public Work Minister Djoko Kirmanto said that his ministry push up the amount of the fund to 121-T Rupiah (about US$10.317-B), as against 84.18-T Rupiah (about US$ 7. 178-B) approved for ...
    read more »

  • USDIDR Indonesian Rupiah Trading This Week

    USDIDR Indonesian Rupiah Trading This Week

    USDIDR Indonesian Rupiah Trading This Week HEFFX CandleStick Analysis Neutral Date Candle Feb-18-2014 Bullish Engulfing Feb-17-2014 Homing Pigeon Support/Resistance Type Value Conf. resist. 12524.08 2 resist. 12212.33 6 resist. 11848.33 9 resist. 11702.05 2 supp 11553.33 6 supp 11208.06 4 supp 11110.00 4 supp 10913.50 2 supp 10731.00 2 supp 10605.87 2 supp 9610.89 9 ...
    read more »

  • China Metal Shares Fall in Hong Kong Debut

    China Metal Shares Fall in Hong Kong Debut

    Copper recycler of China, China Metal, plunged 13% on the first day of its trading in Hong Kong. It plunged about 10% from offered price of HK$1.13. The company said it raised HK$546.9 mn ($70.5 mn) in net proceeds from the IPO. Market value of China Metal is HK$2.16 bn ($279 mn). Former version of ...
    read more »

  • Thai PM Yingluck Condemns Bangkok Violence

    Thai PM Yingluck Condemns Bangkok Violence

    Thai PM Yingluck Condemns Bangkok Violence Thai caretaker Prime Minister Yingluck Shinawatra Sunday condemned the 2 attacks in Bangkok's rally sites which killed 2, including a 4-yr-old child and injuring 22 others. Ms. Yingluck posted a message on her Facebook Wall that she was sad that children were killed and she would like to extend ...
    read more »

  • Lame-Duck Thai PM Yingluck Shinawatra Denies Corruption Charges

    Lame-Duck Thai PM Yingluck Shinawatra Denies Corruption Charges

    Lame-Duck Thai PM Yingluck Shinawatra Denies Corruption Charges Thai caretaker Prime Minister Yingluck Shinawatra has denied charges the National Anti- Corruption Commission (NACC) has pressed against her for alleged negligence of duty in the Rice-pledging scheme. "I wish to assure you that as I have served my duty with righteousness and contrary to the charges ...
    read more »

  • Thailand, Death Squad Could Complicate Political Crisis

    Thailand, Death Squad Could Complicate Political Crisis

    Thailand, Death Squad Could Complicate Political Crisis The emergence of a mysterious death squad that has killed both anti-government protesters and law enforcement personnel has baffled authorities and complicated the already worsened political crisis in the Thai capital Bangkok. Both the caretaker government headed by lame-duck Prime Minister Yingluck Shinawatra and protesters' leader and former ...
    read more »

  • Marc Faber is Moving His Gold to Singapore

    Marc Faber is Moving His Gold to Singapore

    Marc Faber is Moving His Gold to Singapore Marc Faber who has a clear track record in protecting and growing wealth urged investors to own physical gold. "Own physical gold because the old system will implode. Those who own paper assets are doomed." HEFFX.com The Leading Gold Platform Marc Faber told Barrons, “I have no ...
    read more »

  • Singapore Raises 'Sin' Duties On Liquor, Tobacco, Betting

    Singapore Raises ‘Sin’ Duties On Liquor, Tobacco, Betting

    Singapore Raises 'Sin' Duties On  Liquor, Tobacco, Betting Singapore government will increase liquor duties by 25%, and taxation on cigarettes and other tobacco products by 10%, with immediate effect, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced Friday. Betting duties on lotteries will go up from 25% of gross bets to 30%. Tharman said ...
    read more »

  • Wealth Of 40 Richest Malaysians Rises To RM 217.82-B

    Wealth Of 40 Richest Malaysians Rises To RM 217.82-B

    Wealth Of 40 Richest Malaysians Rises To RM 217.82-B The total assets of 40 richest Malaysians surged to RM 217.82-B (about US$66.1-B), as of 18 January, from RM 194.86-B a year ago, according to a research of Malaysian Business. “Overall, the steady increase of their wealth can be attributed to share market performance and price ...
    read more »

  • World Bank (WB) Says Poverty Falls In Cambodia

    World Bank (WB) Says Poverty Falls In Cambodia

    World Bank (WB) Says Poverty Falls In Cambodia Cambodia has exceeded the Millennium Development Goal poverty target and is one of the best performers in poverty reduction worldwide, according to a new World Bank Poverty Assessment Report released here Thursday. "The poverty rate more than halved, from 53 percent, or 6.9-M people, in Y 2004 ...
    read more »

  • US Is Biggest Importer of Vietnam's Commodities In January

    US Is Biggest Importer of Vietnam’s Commodities In January

    US Is Biggest Importer of Vietnam's Commodities In January The United States was Vietnam's biggest importer in January with revenue of over US$ 2.35-B, + 16.2% Y-Y said General Department of Vietnam Customs  Wednesday. Vietnam's major export commodities to the United States during the period include garment, footwear, wood and its products, phones and accessories ...
    read more »

  • Thailand: Rice, Corruption and $20 Billion Dollars

    Thailand: Rice, Corruption and $20 Billion Dollars

    Thailand: Rice, Corruption and $20 Billion Dollars Thai farmers have been left high and dry as the Governments rice scheme has failed due to widespread corruption and mismanagement. The government promised 689 billion baht ($21 billion) in the past two crop years buying from farmers at prices that were as much as 76 percent higher ...
    read more »

  • Cambodia's Economy Seen To Exceed 7% In 2014

    Cambodia’s Economy Seen To Exceed 7% In 2014

    Cambodia's Economy Seen To Exceed 7% In 2014 Cambodian Prime Minister Hun Sen said Monday that the country's economy is forecast to exceed 7% in Y 2014, driven by strong growth in agriculture, garment exports and tourism. "The country is expected to achieve over 7 percent GDP growth this year after it had achieved 7.3 and ...
    read more »

  • Singapore Stocks Tracking Wall Street, Finish + 1.01% Monday

    Singapore Stocks Tracking Wall Street, Finish + 1.01% Monday

    Singapore Stocks Tracking Wall Street, Finish + 1.01 % Monday Singapore shares closed 1.01% higher Monday, as investors took comfort in sharp gains in US stocks last Friday as well as good news from Chinese bank loans data. Chinese banks made CNY 1.32-Tworth of new loans in January, beating the average market forecast of CNY ...
    read more »

  • Thailand's Q-4 GDP Slowed to 0.6% Q-Q

    Thailand’s Q-4 GDP Slowed to 0.6% Q-Q

    Thailand's Q-4 GDP Slowed to 0.6% Q-QThailand's economy grew 0.6% in the last 3 months of Y 2013 from the prior Quarter and by the same percentage from a year earlier as exports were weak and a political crisis hurt tourism and domestic demand.The state planning agency that compiles the data revised its forecasts for ...
    read more »

  • Thai FM Scolds Election Commissioner For 'Talking Too Much'

    Thai FM Scolds Election Commissioner For ‘Talking Too Much’

    Thai FM Scolds Election Commissioner For 'Talking Too Much' Thai acting foreign minister Surapong Tovichakchaikul on Saturday scolded an election commissioner for "talking too much" only to confuse foreigners about the country's plagued elections. In a press conference, Surapong criticized Election Commissioner Somchai Srisuthiyakorn for "talking too much" about the 2 February election and its ...
    read more »

  • OCBD and DBS Post Profit Gain

    OCBD and DBS Post Profit Gain

    OCBD and DBS Post Profit Gain Southeast Asia’s 2 biggest banks, Oversea-Chinese Banking Corp. (OCBC) and DBS Group Holdings Ltd. (DBS) posted a growth in core profit of 4th quarter since income from interest climbed. As per a statement posted on the Singapore stock exchange, net income of DBS without one-time gains increased 6% from ...
    read more »

  • China Will Be Boeing's (NYSE:BA) Largest Market By 2020

    China Will Be Boeing’s (NYSE:BA) Largest Market By 2020

    China Will Be Boeing's (NYSE:BA) Largest Market By 2020 China will pass the United States to become the largest market for Boeing Co before the end of this decade, a senior executive of the US airplane manufacturer said Friday. Boeing delivered 143 aircraft to China in Y2013, a 60% rise Y-Y, and the number will ...
    read more »

  • Crude Oil Trading A Bit Higher In Asia

    Crude Oil Trading A Bit Higher In Asia

    Crude Oil Trading A Bit Higher In Asia Crude Oil prices advanced against the USD for the 24 hr period ending 23:00 GMT, closing at 100.26, as higher demand prospects due to a cold weather in the US more than offset the nation’s grim economic data released Thursday. Additionally, the ongoing protests in Libya triggered ...
    read more »

  • Malaysian Economy To Grow 5% In 2014

    Malaysian Economy To Grow 5% In 2014

    Malaysian Economy To Grow 5% In 2014 With a better-than-expected performance of the Malaysian economy, which grew 5.1% Y-Y  in the last Quarter of Y 2013, analysts forecast that its growth will be around 5% in Y 2014, according to a local report Thursday. The F-Y growth of the Malaysia economy in Y 2013 averaged ...
    read more »

  • China Targets 7.5% Export Growth in 2014

    China Targets 7.5% Export Growth in 2014

    China aims to increase export by 7.5% in 2014. The target has been distributed to local governments and economy-related ministries as a guideline for planning. In 2013 overseas shipments increased by 7.9%, as per official data. Last month, Ministry of Commerce expressed concerns that the growth in trade would not be faster than in 2013 ...
    read more »

  • $BKFCF, China: Strong Trade Eases 'Hard Landing' Worries

    $BKFCF, China: Strong Trade Eases ‘Hard Landing’ Worries

    $BKFCF, China: Strong Trade Eases 'Hard Landing' Worries China's trade growth exceeded market expectations last month, taking the edge off worries about a slowdown in the world's 2nd-largest economy. Analysts contend that exports will continue to improve this year. The trend will support moderate economic expansion while leaving room for the leadership to restructure the ...
    read more »

  • Thailand's Highest Court Rules Anti-government Protests Legal

    Thailand’s Highest Court Rules Anti-government Protests Legal

    Thailand's Highest Court Rules Anti-government Protests Legal Thailand's highest court has ruled anti-government protests that have paralysed Bangkok's city center for months are legal. The Constitutional Court ruled against a petition put forward by the Thai government, which had argued that protesters' attempts to gather, block roads and obstruct voting are violations of the law. ...
    read more »

  • $SHI, China Makes Major Deep Shale Gas Discovery

    $SHI, China Makes Major Deep Shale Gas Discovery

    $SHI, China Makes Major Deep Shale Gas Discovery China's top refiner, Sinopec Corp.(NYSE:SHI), has discovered  Shale Gas in a well located at a depth of 4,417 meters with maximum daily output of 105,000 cubic meters in southwest China, authorities said Wednesday. According to the Ministry of Land and Resources, the Gas well is the deepest ...
    read more »

  • Thai Economist, End Political Crisis Save Economy, Investment

    Thai Economist, End Political Crisis Save Economy, Investment

    Thai Economist, End Political Crisis Save Economy, Investment It is necessary for Thailand to handle its political crisis to save the economy from downside risks and to regain foreign investors' confidence, said Charl Kengchon, Managing Director of Thai Kasikorn Research Center. During an exclusive interview in Thai capital Bangkok, the Thai expert said the ongoing ...
    read more »

  • Thai Election Body Tries To Rerun Disrupted Vote In April

    Thai Election Body Tries To Rerun Disrupted Vote In April

    Thai Election Body Tries To Rerun Disrupted Vote In April Thailand's Election Commission (EC) says it will try to hold elections in April in constituencies where voting this month was disrupted by anti-government protesters. Election Commissioner Somchai Srisutthiyakorn says the new polls will take place on 27  April. Somchai had earlier said it might prove ...
    read more »

  • Thailand's Rice Farmers Protest, Government's Funding Problems Grow

    Thailand’s Rice Farmers Protest, Government’s Funding Problems Grow

    Thailand's Rice Farmers Protest, Government's Funding Problems Grow More than 1,000 farmers protested outside the Thai government's temporary HQs Monday over the state's failure to pay for rice bought under a subsidy scheme that the caretaker administration admits it is struggling to fund. The rice program was a signature policy of Prime Minister Yingluck Shinawatra, ...
    read more »

  • Vietnam's Rice Export Revenue Dove 30.5% In January

    Vietnam’s Rice Export Revenue Dove 30.5% In January

    Vietnam's Rice Export Revenue Dove  30.5% In January Vietnam sold 307,000 tons of rice to overseas markets in the 1st month of Y 2014, for US$ 127.5-M, down 24.11% in volume and 30.5% in value, said a report by Vietnam Food Association (VFA). E-portal of Vietnamese government quoted VFA Tuesday as saying the country fulfilled ...
    read more »

  • Visa-on-arrival in India for Citizens of 180 Countries

    Visa-on-arrival in India for Citizens of 180 Countries

    India is expecting to implement new rules later this year, under which citizens of 180 countries will be able to have an Indian tourist visa at the place of arrival. Saudi Arabia, the UAE, Ireland, Norway, Poland, Denmark, Austria, Belgium, Spain, Switzerland, the Netherlands, Sweden, Italy, France, Germany, Australia, Brazil, Canada, UK and the US ...
    read more »

  • Garuda Receives Four Offers for Stake in Citilink

    Garuda Receives Four Offers for Stake in Citilink

    PT Garuda Indonesia has received offers from four companies to acquire a stake in its Citilink as the airline wants a partner to grow amid a boost in air travel. Emirsyah Satar, Chief Executive Officer said that a decision by Garuda is expected by June Having a partner and increasing funds will assist Garuda in ...
    read more »

  • $UTX, Pratt & Whitney Opens New Facilities In Singapore

    $UTX, Pratt & Whitney Opens New Facilities In Singapore

    $UTX, Pratt & Whitney Opens New Facilities In Singapore Aviation firm Pratt & Whitney, a unit of United Technologies Corp. (NYSE: UTX), officially opened its new engineering and repair facility in Singapore Monday to serve the growing regional market. The center at Seletar Aerospace Park will provide maintenance and repair for engine components and house the company's ...
    read more »

  • FDI In Vietnam Off 22% In January

    FDI In Vietnam Off 22% In January

    FDI In Vietnam Off 22% In January Total foreign direct investment (FDI) for both newly licensed and existing projects in Vietnam dove 22% Y-Y to reach US$397-M in the 1st  month of Y 2014, said a report by Foreign Investment Agency ( FIA) under Vietnam's Ministry of Planning and Investment Monday Vietnamese local Business Review ...
    read more »

  • Thai Central Bank Sees Lower Growth In 2014

    Thai Central Bank Sees Lower Growth In 2014

    Thai Central Bank Sees Lower Growth In 2014 Thailand’s economic policy will be disrupted, with direct and indirect impact on the economy and state investments, if the political stalemate prolongs until the middle of this year, according to the central bank governor. Prasarn Trairatvorakul projected this year’s GDP growth at less than 3%, or similar ...
    read more »

  • Cambodia's Micro-Lenders See 44% Lending Growth In 2013

    Cambodia’s Micro-Lenders See 44% Lending Growth In 2013

    Cambodia's Micro-Lenders See 44% Lending Growth In 2013 Cambodia's 38 microfinance institutions reported a 44% increase in loan disbursements in Y 2013, according to a report of the National Bank of Cambodia ( NBC), the regulator of banking and finance institutions in the country. The microfinance institutions had lent a total US$ 1.17-B to customers ...
    read more »

  • Myanmar's Border Trade Hits Over $4-B In 10 Months

    Myanmar’s Border Trade Hits Over $4-B In 10 Months

    Myanmar's Border Trade Hits Over $4-B In 10 Months Myanmar's border trade hit US$4.01-B in the 1st 10 months of (April-Jan) in F-Y 2013-14, according to official figures published Saturday. Myanmar's border trade is done through 14 pts with 4 neighboring countries, namely China, Thailand, Bangladesh and India. Of the total, Myanmar largest border trade ...
    read more »

  • Thaiand's Caretaker Gov't To Arrest 19 Protest Leaders

    Thaiand’s Caretaker Gov’t To Arrest 19 Protest Leaders

    Thaiand's Caretaker Gov't To Arrest 19 Protest Leaders Twelve taskforces will be set up to arrest the 19 leaders of Thai anti-government protesters, who are under arrest warrants issued by the Thailand Criminal Court, a minister said last week. Chalerm Yoobamrung, labor minister of Thailand caretaker government Thursday said there will be no violence against ...
    read more »

  • Thai Consumer Confidence Index In January Lowest in 2+ Yrs

    Thai Consumer Confidence Index In January Lowest in 2+ Yrs

    Thai Consumer Confidence Index In January Lowest in 2+ Yrs Thailand's Consumer Confidence Index (CCI) in January fell to the lowest level in 26 months due to the ongoing political unrest in the country. The latest figures by the University of Thai Chamber of Commerce on Thursday showed that CCI in January 2014 slipped from ...
    read more »

  • Cambodia's Trade With Thailand Hits $4.5-B In 2013

    Cambodia’s Trade With Thailand Hits $4.5-B In 2013

    Cambodia's Trade With Thailand Hits $4.5-B In 2013 Trade between Cambodia and neighboring Thailand reached US$ 4.5B in Y2013, +12% from US$4-B a year earlier, Cambodian Minister of Commerce Sun Chanthol said Thursday. Of that amount, Cambodia's export to Thailand was equivalent to US$ 351-M, + 41% Y-Y, while Thailand's export to Cambodia totaled US$ ...
    read more »

  • Indonesia Provides Incentives For Export Minded Investors

    Indonesia Provides Incentives For Export Minded Investors

    Indonesia Provides Incentives For Export Minded Investors In a bid to further control capital outflow out of the country, Indonesia will soon issue a policy that provides incentives for investors whose products are designated for export, a minister said Tuesday. "The would-be implemented policy was aimed at encouraging investors to re-invest their profits here, not ...
    read more »

  • Thai Baht: GDP Under Threat from Politics

    Thai Baht: GDP Under Threat from Politics

    Thai Baht: GDP Under Threat from Politics Shayne Heffernan said today that if the political stalemate persists, Thailand’s gross domestic product (GDP) growth would be just 2.5%. However if the unrest ends in a change of Government or Military Coup, growth rate might be as high as 4%. Shayne Heffernan dismissed the possibility of a ...
    read more »

  • China Is Now The World's 2nd Largest Film Market

    China Is Now The World’s 2nd Largest Film Market

    China Is Now The World's 2nd Largest Film Market Robust audience numbers at cinemas in both large and small cities show moviegoing is a popular pastime for people in China, now the world's 2nd-largest film market. Box office revenue hit CNY 21.77-B ($3.6%) in Y 2013, + 27.51% Y-Y, according to statistics from the State ...
    read more »

  • South Korea's Consumer Prices + 1.1% In January

    South Korea’s Consumer Prices + 1.1% In January

    South Korea's Consumer Prices + 1.1% In January South Korea's consumer prices rose 1. 1% in January from a year earlier, staying in the early 1% range for 3 months running From a month earlier, the consumer prices gained 0.5% in January after rising 0.1% in the prior month, according to Statistics Korea. The faster ...
    read more »

  • Cambodia Has 325,900 Hectares Of Rubber Plantations 2013

    Cambodia Has 325,900 Hectares Of Rubber Plantations 2013

    Cambodia Has 325,900 Hectares Of Rubber Plantations 2013 Cambodia has 325,900 hectares of rubber plantations as of 2013, up 16 percent compared with 280,350 hectares in a year earlier, a report of the Ministry of Agriculture showed Monday. Some 78,444 hectares of them are old enough to yield, the report said, adding that the country ...
    read more »

  • Thai Investors Should Focus on Myanmar

    Thai Investors Should Focus on Myanmar

    It is a blessing for Thai investors to be so close to Myanmar, the land of opportunities and the last major Asian market not tapped so far. As per forecasts by the Asian development bank and International Monetary fund, Gross Domestic Product (GDP) of Myanmar is expected to grow by roughly 7%, driven by foreign ...
    read more »

  • Philippine Peso Outlook

    Philippine Peso Outlook

    Philippine Peso Outlook In spite of weeks long gun fight which closed a major port city, an earthquake and a super typhoon in the last months of the year, the Philippine economy grew by 7.2% in 2013. HEFFX.com the leading Philippine Peso Platform Arsenio Balisacan, Socio-Economic Planning Secretary said that the outcome would have been ...
    read more »

  • China's Lunar New Year Distorts Economic Data

    China’s Lunar New Year Distorts Economic Data

    China's Lunar New Year Distorts Economic Data China's latest macro data, especially the disappointing manufacturing activity index, made people worried over the trend of softening growth momentum and a shaky start of the Chinese economy in Y 2014. Analysts said the market needed to treat China's monthly macro data in January and February with caution ...
    read more »

  • India Lowers GDP Estimate For 2012-13 To 4.5%

    India Lowers GDP Estimate For 2012-13 To 4.5%

    India Lowers GDP Estimate For 2012-13 To 4.5% Friday India lowered estimate of economic growth in F-Y 2012-13 to 4.5% from an earlier estimate of 5%, due to shrinking agriculture, mining and manufacturing production. Officials data from the Ministry of Statistics said exports, capital investment and consumption sectors growth is also lower than expected in ...
    read more »

  • IMF Forecasts Cambodia's Economy GDP At 7.2% In 2014

    IMF Forecasts Cambodia’s Economy GDP At 7.2% In 2014

    IMF Forecasts Cambodia's Economy GDP At 7.2% In 2014 Cambodia's economy is expected to grow by 7.2% this year, and pick up to 7.5% next year, the International Monetary Fund (IMF) has said. "Economic activity remains strong driven by strong exports, tourism and construction despite recent floods and some slowdown during the election in July ...
    read more »

  • Myanmar Moves To Boost Telecom Development

    Myanmar Moves To Boost Telecom Development

    Myanmar Moves To Boost Telecom Development Myanmar government granted telecommunication operating licenses to 2 foreign companies; Telenor of Norway and Ooredoo of Qatar. Presented by the Myanmar Posts and Telecommunications (MPT), the initial 15-yr licenses will be effective from 5 February. The two companies said they will distribute 1,500-Kyat mobile phone sim cards of 3G ...
    read more »

  • ASIA: Gold Down On Strong US GDP Data, Demand For USD

    ASIA: Gold Down On Strong US GDP Data, Demand For USD

    Asia: Gold Down On Strong US GDP Data, Demand For USDs Gold prices traded lower by 1.75% Vs the USD in the 24 hr period ending 23:00 GMT, at 1244.70, as the Buck strengthened after the US government data revealed that the US economy expanded in Q-4. In the Asian session, at GMT 0400, Gold ...
    read more »

  • Tokyo: Stocks Fall, Yen Rises On Concerns Of EMs Capital Outflow

    Tokyo: Stocks Fall, Yen Rises On Concerns Of EMs Capital Outflow

    Tokyo: Stocks Fall, Yen Rises On Concerns Of EMs Capital Outflow SNE, TM, MSFT, HMC, TOSBF, NINOF Tokyo stocks extended loses Friday, with the benchmark Nikkei stock index losing 0.62% to a fresh 2.5 month low as gains made in the morning session were erased by the Yen's appreciation and investors' risk aversion over unabated ...
    read more »

  • Japan's Consumer Prices Rise At Fastest Pace In 5 Yrs

    Japan’s Consumer Prices Rise At Fastest Pace In 5 Yrs

    Japan's Consumer Prices Rise At Fastest Pace In 5 Yrs Japan's core consumer prices rose in 2013 from a year earlier, marking the 1st increase in 5 yrs, with the reading for December rising at a rate not seen in 5 yrs, in a sign the nation is emerging from the doldrums of decades of ...
    read more »

  • UN Chief Congratulates Chinese People On Lunar New Year, Ma Dao Cheng Gong

    UN Chief Congratulates Chinese People On Lunar New Year, Ma Dao Cheng Gong

    UN Chief Congratulates Chinese People On Lunar New Year, Ma Dao Cheng Gong UN Secretary-General Ban Ki- moon Wednesday sent a message to the Chinese people, wishing them a happy lunar new year, or the Spring Festival, which falls on Friday. At the beginning of the video message, Ban introduced himself and said "Happy Lunar New ...
    read more »

  • Indonesian Rupiah: Stocks on Rising Track

    Indonesian Rupiah: Stocks on Rising Track

    Indonesian Rupiah: Stocks on Rising Track During last 2 weeks, Indonesian stocks were leading gainers in emerging markets. Morgan Stanley upgraded the Southeast Asian country’s shares. Government bond yields declined and the rupiah strengthened. The Jakarta Composite Index (JCI) jumped 1.7% to 4,415.14, advancing for steepest rise since January, 13. The rupiah rose 0.4% to ...
    read more »

  • Fourth Quarter Profit of LG Electronics Doubles

    Fourth Quarter Profit of LG Electronics Doubles

    World’s second largest TV manufacturer after Samsung Electronics Co Ltd. surprised analysts by doubling its fourth-quarter profit. In October-December quarter, operating profit of the South Korean manufacturer was 238 billion won ($220 million) compared with 223 billion won expected by analysts and 218 billion won of previous quarter. Operating profit of TV business was 174 ...
    read more »

  • Thai Crisis Scares Investors, Long Term Outlook Positive

    Thai Crisis Scares Investors, Long Term Outlook Positive

    Thai Crisis Scares Investors, Long Term Outlook Positive Long-term overseas investors are sticking with Thailand in spite of its political turmoil but the danger of deteriorating law and order might scare away fresh money as businesses find out other options in nearby countries like Indonesia. Since November protesters trying to oust the government have gathered ...
    read more »

  • Managing Director of Tata Motors Murdered in Bangkok?

    Managing Director of Tata Motors Murdered in Bangkok?

    Managing Director of Tata Motors Murdered in Bangkok? Tata Motors Ltd. announced that its Managing Director Karl J. Slym died as he fell from the Shangri-La hotel in Bangkok. A spokeswoman of the Mumbai-based company said, Slym, 51, was staying at the hotel. Karl Slym had gone to Bangkok to attend Tata Motors Thailand Ltd. ...
    read more »

Research 1 of 6

etoro

Recent News

promo_box_forexcompetitions