Asia

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

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

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

    Indonesia, China Agree On Tangguh Nat Gas Price Hike

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

    China’s Agriculture ‘Watchdog’ Rejects US GMO Corn

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

    ASEAN and the AEC

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

    China Developing Flood And Drought Resistant Farmland

    China Developing Flood And Drought Resistant Farmland China is setting up to develop 800-M mu (53.3-M hectares) of drought and flood resistant farmland by Y 2020 in an effort to ensure output, agriculture minister Han Changfu said Saturday. Restrained by land and water resources, China will  rely on soil technology and new varieties of seed ...
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  • Human Rights Group Seeks Better Conditions For Thailand's Migrants

    Human Rights Group Seeks Better Conditions For Thailand’s Migrants

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

    China Holds To Its Five Principles Of Peaceful Coexistance

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

    Myanmar Will Allow Foreign Banks To Operate In September

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

    Thailand Has Completed Drafting Its Interim Charter

    Thailand Has Completed Drafting Its Interim Charter Thai military junta leaderArmy Chief General Prayuth Chan-ocha Friday night said the drafting of an interim constitution has been completed. The draft is expected to be promulgated in July, General Prayuth said in his weekly televised address. A legislative assembly and an interim government will be set up ...
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  • Indonesian Bank Gets $45-M Loan To Expand IDB Trade

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

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

    China Leads The World In Trade Of Renewable Energy Products

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

    The Medient Studios Inc (OTCMKTS:MDNT) Mess

    The Medient Studios Inc (OTCMKTS:MDNT) Mess A day later to the filing of a lawsuit by Savannah-based Medient Studios Inc (OTCMKTS:MDNT)'s founder and ex-CEO Manu Kumaran, seeking to dissolve the company, it is reported that the Securities and Exchange Commission (SEC) has also moved to suspend the trading in the stock. The move adds Medient ...
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  • Vietnam's Rice Export At 2.68-M Tons In 1-H

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

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

    The Impact Of Iraq Conflict On Asian Equity Markets

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

    Abe’s Cabinet Endorses Ambitious Growth Strategy

    Abe's Cabinet Endorses Ambitious Growth Strategy Tuesday, Japanese Prime Minister Shinzo Abe's cabinet endorsed the new package of economic reforms aimed at boosting the earning power of corporations, deregulating deflation-hampered sectors and implementing structural changes to address the nation's shrinking population. The ruling Liberal Democratic Party (LDP) threw its weight of support behind the economic ...
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  • Singapore's CPI Hit 2.7% In May

    Singapore’s CPI Hit 2.7% In May

    Singapore's CPI Hit 2.7% In May Singapore's Consumer Price Index (CPI) rose 2.7% Y-Y in May, the highest since March 2013, according to figures released by the Department of Statistics Monday. The private road transport cost rose  by 8.1%, is the main driver that pushed up the figure. MAS and the Ministry of Trade and ...
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  • Thailand's Economic Growth Forecast Raised For 2014

    Thailand’s Economic Growth Forecast Raised For 2014

    Thailand's Economic Growth Forecast Raised For 2014 Kasikorn Research Center, the renowned think tank in Thailand, announced that it had raised its forecast for Thailand's economic growth in Y 2014 from the earlier 1.8 to 2.3%. Since it took over national administration on 22 May, the military junta has rolled out a line of economic ...
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  • Myanmar's 3 Ancient Cities Put On World Heritage List

    Myanmar’s 3 Ancient Cities Put On World Heritage List

    Myanmar's 3 Ancient Cities Put On World Heritage List Myanmar's 3 Pyu ancients cities have been inscribed into the World Heritage List for the 1st time, state media quoted the UNESCO as reporting Monday. According to a statement of the UN Educational, Scientific and Cultural Organization (UNESCO)'s World Heritage Committee, the three Myanmar ancient cities ...
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  • ASEAN: Indonesia Sees Chance To Ramp Up Automotive Industry

    ASEAN: Indonesia Sees Chance To Ramp Up Automotive Industry

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

    Most Thais Approve Of Military Junta’s Performance

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

    Rebuilding The Silk Road Trading Route

    Rebuilding The Silk Road Trading Route China and other countries along the ancient trade route are working to rejuvenate economic ties shared for millennia. As a land-entry port and border market connecting China and Kazakhstan, Horgos is known as a border station in the Xinjiang Uygur autonomous region's Ili Kazakh autonomous prefecture. Its history can ...
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  • Democracy Poll In Hong Kong Gets 500-K Votes By 2nd Day

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

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

    Thailand Military Government Attempts Moral Cleansing

    Thailand Military Government Attempts Moral Cleansing Thailand's new ruling junta doesn't like the way the country is portrayed in the movies as a haven for drugs, thugs, lawlessness and ladies of the night. It's not that the movies are entirely wrong. But the junta chief says Thailand should be ashamed of its image, and has ...
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  • New Business Registrations In Cambodia Up 55% In 5 Months

    New Business Registrations In Cambodia Up 55% In 5 Months

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

    Food Safety Tops The Agenda For World Meat Congress

    Food Safety Tops The Agenda For World Meat Congress The 20th World Meat Congress is ongoing in Beijing. The week-long gathering of domestic and overseas meat vendors includes a discussion forum as well as a product exhibition. Over 500 people from 35 countries are gathered in Beijing this week for the annual world meat congress. ...
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  • World 3D Printing Technology Expo Opens In Qingdao, China

    World 3D Printing Technology Expo Opens In Qingdao, China

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

    IMF Wants To Ensure Myanmar’s Sustainable GDP Growth

    IMF Wants To Ensure Myanmar's Sustainable GDP Growth The International Monetary Fund ( IMF) has stressed the need to ensure Myanmar's GDP growth is sustainable and inclusive through the "decisive implementation" of a broad range of policy and structural reforms, state media quoted a statement of the IMF Thursday. The IMF predicted that Myanmar will ...
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  • China's Southern Iraq Oilfields Not Affected By Turmoil

    China’s Southern Iraq Oilfields Not Affected By Turmoil

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

    GHM Wins in Arbitration over Setai Miami

    SINGAPORE (June 18, 2014) – Following two years of arbitration proceedings in Florida after the forceful takeover of The Setai Miami by its owner, Lehman Brothers, in the pre-dawn hours of March 31, 2012, the ICC International Court of Arbitration ruled yesterday that all previous allegations of mismanagement were baseless and have awarded damages to ...
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  • India's Stocks Market Rallies Over 300 Pts

    India’s Stocks Market Rallies Over 300 Pts

    India's Stocks Market Rallies Over 300 Pts Indian stocks rose the most in a week Tuesday, halting a 2-day fall as energy companies and lenders climbed. The benchmark Sensex index closed at 25,521.19 pts, + 330.71 pts or 1.31% up from the prior close at 25,190.48 pts. The Indian equities markets and other commodities such ...
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  • Singapore's Non-Crude Oil Domestic Exports Fall 6.6% In May

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

    Singapore's Non-Crude Oil Domestic Exports Fall 6.6% In May Singapore's non-Crude Oil domestic exports, a Key gauge of its export performance, fell by 6.6% Y-Y, the country's trade promotion agency International Enterprises Singapore said Tuesday. The decline came after a 0.9% increase in April. The market had expected a moderate expansion in May. Statistics show ...
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  • US Insurance Giant AIG (NYSE:AIG) To Exit Sri Lanka

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

    US Insurance Giant AIG (NYSE:AIG) To Exit Sri Lanka  Global insurance giant American International Group (NYSE:AIG) is closing business in Sri Lanka, the company said in a statement Friday. AIG was one of the 19 General insurance providers in the Sri Lankan market and its share was insignificant. This move has made industry analysts emphasize ...
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  • Malaysia's Economy Expected To Grow Strongly In 2014

    Malaysia’s Economy Expected To Grow Strongly In 2014

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

    Rupiah Trading: Indonesia Gives Weak Economic Outlook

    Shayne Heffernan takes a look at growth in Indonesia. Indonesia’s central bank kept its key interest rate on hold Thursday, taking a cautious stance ahead of presidential polls, but gave a gloomy assessment for growth prospects this year. Frontrunner Joko Widodo is facing an increasingly tight race against ex-general Prabowo Subianto at the July 9 ...
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  • Thailand Interim Govt To Be Set Up In August, Curfew Lifted

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

    Thailand Interim Govt To Be Set Up In August, Curfew Lifted Thailand's junta leader, General Prayuth Chan-ocha, said Friday that an interim government would be set up by August. "A government will be set up by August, or at the very latest September," Gen. Prayuth told senior military officials at a meeting devoted to the ...
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  • Asia's Debt Level To Climb On ECB's Latest Monetary Easing

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

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

    Real Estate: Property Weakness Overhangs China’s Recovery

    Real Estate: Property Weakness Overhangs China's Recovery China's economy improved in May, but the figures are strong overall, analysts say. And there is weakness in the property sector representing a large uncertainty. Among a group of Key economic data the National Bureau of Statistics released Friday, industrial output and retail sales offered some comfort for policymakers. ...
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  • Japan's PM Vows 5% Corporate Tax In 'Few Yrs'

    Japan’s PM Vows 5% Corporate Tax In ‘Few Yrs’

    Japan's PM Vows 5% Corporate Tax In 'Few Yrs' Friday, Japanese Prime Minister Shinzo Abe said that he will to cut Japan's corporate tax by more than 5% to below 30% within the next few years, local media reported. Mr. Abe's government wants to boost foreign investments in Japan and bolster the country's economy by ...
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  • MERCEDES-BENZ LAUNCHES NEW GLA SERIES IN SINGAPORE

    MERCEDES-BENZ LAUNCHES NEW GLA SERIES IN SINGAPORE

    MERCEDES-BENZ LAUNCHES NEW GLA SERIES IN SINGAPORE Mercedes-Benz recently held a launch party for the new GLA at the Central Fountain in Clarke Quay,Singapore. Over 500 exclusively invited guests gathered, on 5 June for the Glow Party. The attendees included 100 Mercedes-Benz fans who won exclusive invites by sharing their dream adventures with the GLA. The ...
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  • Sri Lanka To Be Fastest Growing Country In South Asia

    Sri Lanka To Be Fastest Growing Country In South Asia

    Sri Lanka To Be Fastest Growing Country In South Asia Sri Lanka is expected to post the strongest economic growth in South Asia in Y 2014, hitting 7.2%, according to a Word Bank's latest report Thursday. According to the report, Sri Lanka's annual growth is forecast to remain broadly stable at 7.2% in Y 2014, ...
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  • 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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