Asia

Australian Dollar Outlook

Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Australian Dollar is currently 6.2% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility [...]

Japan: Yen Manipulation Fails Economy

Japan: Yen Manipulation Fails Economy Japan’s real GDP grew by a seasonally adjusted 0.9% Q-Q in Q-1, led by strong consumption and exports. This was the fastest rate of expansion since Q-1 of Y 2012, when the Japanese economy grew by 1.3%. On an annualized basis, the measure often quoted in local and international media, [...]

Myanmar’s President leaves for official visit to Washington

Myanmar’s President leaves for official visit to Washington Myanmar President U Thein Sein left Nay Pyi Taw Friday night for Washington to pay an official visit to the United States, official sources said. On his 1st trip to Washington as a Myanmar head of state in 47 yrs, U Thein Sein will meet his US [...]

ASEAN Stock Exchange Preview

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +10.75 points higher or +0.31% higher to 3,452.28, taking the year-to-date performance to +9.01%. The FTSE ST Mid Cap Index declined -0.22% while the FTSE ST Small Cap Index gained +0.07%. The top active stocks were Singtel (+0.25%), DBS (-0.58%), GLP (+2.08%), THBev [...]

Japan In Doubt Over Currency Move

Japan In Doubt Over Currency Move BOJ Discussing Potential Impact of Rise in Long-Term Rates Amid concern over a sudden rise in long-term interest rates, the Bank of Japan will discuss the related risks and potential effect on its 2% inflation target at its 2-day policy meeting next week, The Nikkei reported in its Friday [...]

Japan Targets China, ASEAN in Currency War

Japan Targets China, ASEAN in Currency War The depreciation in the Japanese yen has greatly affected China’s exports to the country, although Japan’s quantitative easing measures are conducive to its domestic market recovery, the Ministry of Commerce said on Thursday. China’s currency the yuan strengthened 6.1 percent against the yen in April, while China’s exports [...]

Read More » No comment May 16, 2013

Indonesia to simplify business license for the Crude Oil, Nat Gas sector

Indonesia to simplify business license for the Crude Oil, Nat Gas sector Indonesian President Susilo Bambang Yudhoyono said Wednesday that the government would simplify licensing for investment on oil and gas sector, in a bid to attract investment. President Yudhoyono said that the number of license for exploration and production that had to be owned [...]

Read More » No comment May 16, 2013

Vietnam targets to earn US$40-B from electronics exports by 2017

Vietnam targets to earn US$40-B from electronics exports by 2017 SSNLF Vietnam set a target to earn US$40-B from electronics exports by Y 2017, over nearly US$20-B from Y 2012. The remarks were made by Vietnamese Deputy Prime Minister Nguyen Thien Nhan at the 18th Annual World Electronics Forum (WEF) in capital Hanoi, which drew [...]

Read More » No comment May 16, 2013

ASEAN Stock Exchange Preview

ASEAN Stock Exchange Preview Indonesia Bumi Serpong Damai, an Indonesian property company based in Jakarta, plans to raise as much as Rp 175 billion ($18 million) from the sale of shares in a rights offering this year. The property company plans to sell its 1.75 billion new shares in a limited public offering at a [...]

Read More » No comment May 16, 2013

ASEAN Stock Exchange Preview

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +3.80 points higher or +0.11% higher to 3,432.76, taking the year-to-date performance to +8.39%. The FTSE ST Mid Cap Index gained +0.25% while the FTSE ST Small Cap Index gained +0.08%. The top active stocks were GoldenAgri (+5.66%), Singtel (+1.79%), DBS (-0.06%), THBev [...]