Asia

  • Indonesia Sees 4.2-M Ton Rice Surplus This Year

    Indonesia Sees 4.2-M Ton Rice Surplus This Year

    Indonesia Sees 4.2-M Ton Rice Surplus This Year Indonesian agriculture ministry forecast the country's Rice (hulled) outputs to be surplus by 4.2-M ton this year despite a decline in production of un-hulled Rice, a senior official said here on Wednesday. This is the country's 1st of its 3 forecasts of Rice production in a year, ...
    read more »

  • China GDP Likely Grew at 7.5% In 1-H Of 2014

    China GDP Likely Grew at 7.5% In 1-H Of 2014

    1China GDP Likely Grew at 7.5% In 1-H Of 2014 China’s GDp growth for 1-H of this year, along with other important economic indicators will be released Wednesday. Ahead of the data release, we talked to analysts on China’s growth and the government micro-stimulus for different sectors. China's economy has began to slow, the Chinese government ...
    read more »

  • E-House (China) Holdings Limited (NYSE: EJ) China Real Estate News

    E-House (China) Holdings Limited (NYSE: EJ) China Real Estate News

    E-House (China) Holdings Limited (NYSE: EJ) China Real Estate News E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced the launch of China's first real estate financial services platform, "Fang Jin Suo," and its associated website, www.fangjs.com, along with the platform's first two real ...
    read more »

  • China Welcomes WTO Ruling Against US Trade Remedy Measures

    China Welcomes WTO Ruling Against US Trade Remedy Measures

    China Welcomes WTO Ruling Against US Trade Remedy Measures China's Ministry of Commerce has welcomed the latest ruling from World Trade Organization (WTO) that found the US countervailing measures against some Chinese products violated WTO rules. The ministry said Monday that it welcomed the backing for multiple claims by China but regretted that some other ...
    read more »

  • Alibaba Group Holding Ltd. (NYSE:BABA): Entitled to Add More Directors without Shareholder Vote

    Alibaba Group Holding Ltd. (NYSE:BABA): Entitled to Add More Directors without Shareholder Vote

    Alibaba Group Holding Ltd. (NYSE:BABA) is entitled to appoint more directors without shareholder approval, according to an amendment filed with the U.S. regulatory agency on Friday, July 11, 2014. The disclosure indicates that the partnership governing the Alibaba Group is strengthening its grip over the Chinese company ahead of its U.S. initial public offering. The ...
    read more »

  • Sony Corp (ADR)(NYSE:SNE) Latest Xperia Z2 Leaks

    Sony Corp (ADR)(NYSE:SNE) Latest Xperia Z2 Leaks

    Sony Corp (ADR)(NYSE:SNE) the maker of the distinctive Xperia smartphones it expected to release the latest version of its most popular series, Sony Corp (ADR)(NYSE:SNE) Xperia Z3, soon. However, preceding the release details of the model are latest leaks, which have burst the expectations. At first glance, it appears that the Sony Corp (ADR)(NYSE:SNE) Z3, ...
    read more »

  • Singapore Economy Grew Just 2.1% In Q-2

    Singapore Economy Grew Just 2.1% In Q-2

    Singapore Economy Grew Just 2.1% In Q-2 Singapore's economy grew by just 2.1% Y-Y in Q-2, dragged by a slowdown in manufacturing, the Ministry of Trade and Industry said in its advance estimates released Monday. The increase was smaller than the 4.7% growth recorded in Q-1. It is lower than the market estimates. On a ...
    read more »

  • Chinese Economy Burdened By Downward Economic Pressures

    Chinese Economy Burdened By Downward Economic Pressures

    Chinese Economy Burdened By Downward Economic Pressures Chinese leaders stress the flexibility of their GDP growth target, but an inspection team commissioned by the State Council found that attaining "reasonable" growth remains a struggle. The group inspected government work in Hebei, Liaoning, Heilongjiang and Beijing from 25 June to 5 July. It noted that slowed economic growth, ...
    read more »

  • Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow Singapore’s economy contracted unexpectedly in April-June for the first time in seven quarters. Singapore’s GDP shrank by 0.8 percent in the second quarter from the previous quarter on a seasonally adjusted and annualized basis, a much weaker outcome than the median forecast of 2.5 percent growth seen in a Reuters ...
    read more »

  • Hong Kong SAR Affairs Internal To China

    Hong Kong SAR Affairs Internal To China

    Hong Kong SAR Affairs Internal To China A spokesperson of the Office of Commissioner of the Chinese Foreign Ministry in Hong Kong said Saturday that it is beneficial to all concerned parties to remain Hong Kong's prosperity and stability. "It is widely acknowledged by the international community that since Hong Kong's return to China 17 ...
    read more »

  • Hong Kong IPO News

    Hong Kong IPO News

    WH Group is seeking to raise HK$23.4 billion as early as this month after significantly slashing the size of its deal. The world's biggest pork producer, formerly known as Shuanghui International Holdings, canceled its HK$41.12 billion initial public offering in April amid lackluster sentiment. The group, which has BOC International and Morgan Stanley as its ...
    read more »

  • China-South Korea FTA Good For Both Countries

    China-South Korea FTA Good For Both Countries

    China-South Korea FTA Good For Both Countries MCO A free trade agreement (FTA) between China and South Korea will be positive for both countries as the deal will strengthen the strong economic ties between the 2 countries, a global credit rating company Moody's (NYSE:MCO) said. "Last Thursday, the leaders of China and Korea pledged to ...
    read more »

  • China's Export Growth Continues, 2-H Outlook Higher

    China’s Export Growth Continues, 2-H Outlook Higher

    China's Export Growth Continues, 2-H Outlook Higher China's exports rose for a 3rd month running  in June as the country's foreign trade continued its uptrend, relieving some pressure on the central government. The exports increased 7.2% Y-Y to US$ 186.8-B in June, with the growth pace slowing mildly from May, the data released Thursday by ...
    read more »

  • Silver Prices Gain After The Fed Minutes

    Silver Prices Gain After The Fed Minutes

    Silver prices posted impressive gains in the month if June but struggled to keep the pace with the growing momentum in the coming week. In fact, on Tuesday, it closed with the drop of 0.6% on the week. It must have continued with its downward momentum. However, the U.S. Federal Reserve Minutes provided the much ...
    read more »

  • Indonesia Election Standoff, Both Candidates Claim Victory

    Indonesia Election Standoff, Both Candidates Claim Victory

    Indonesia Election Standoff, Both Candidates Claim Victory Indonesian President Susilo Bambang Yudhoyono urged the 2 candidates in Wednesday's disputed presidential election to keep their supporters in check during what will be an agonizing 2 to 3 wk wait for an official result. Police are on alert Thursday across the archipelago, the world's 4th-most populous nation, ...
    read more »

  • India's Economy Estimated To Grow At Up To 5.9%

    India’s Economy Estimated To Grow At Up To 5.9%

    India's Economy Estimated To Grow At Up To 5.9% India's economy is expected to grow from 5.4 to 5.9% in FY 2014-15, said an official economic survey published Wednesday. The Economic Survey 2013-14, recieved Wednesday in the Lok Sabha or Lower House of Parliament, said a poor monsoon, external environment and poor investment are dampening ...
    read more »

  • North Korea Fires 2 Ballistic Missiles

    North Korea Fires 2 Ballistic Missiles

    North Korea Fires 2 Ballistic Missiles North Korea on Wednesday fired what appeared to be two short-range missiles into the sea in the latest in a series of launches interspersed with spurned peace overtures to South Korea. A spokesman for the Joint Chiefs of Staff in Seoul said the two missiles were fired from the ...
    read more »

  • Hong Kong Gets a Downgrade

    Hong Kong Gets a Downgrade

    Hong Kong Gets a Downgrade Banking giant HSBC on Monday cut its investment outlook for Hong Kong, saying the planned Occupy Central civil disobedience campaign in the territory could sour relations with the mainland and hurt the city's economy. In an updated version of the report published today, the lender said residential market was instead ...
    read more »

  • Indosat Looks for Bond Buyers to Refinance

    Indosat Looks for Bond Buyers to Refinance

    Indosat, the country’s second-biggest cellular operator, plans to raise approximately $650 million from selling bonds next year to refinance the company’s debt. The dollar-denominated bonds, which mature in seven years, will be sold in the second quarter of 2015, Andromeda Tristanto, Indosat’s vice president of investor communication, said on Monday. No further details such as ...
    read more »

  • Property Prices Under Pressure in Jakarta

    Property Prices Under Pressure in Jakarta

    Standard and Poor’s has predicted that Indonesia’s listed property firms may miss their sales target this year, but expected sales to rebound in the third quarter this year. “We expect contracted sales to be at least 20 percent lower than managements’ projections for 2014, given reduced transaction volumes,” the rating agency said in sa report ...
    read more »

  • FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update Foreign exchange reserves rose for the fourth consecutive month in June to $80.7 billion as foreign money in various forms continued to flow into the country, the central bank reported Monday. Documents released Monday showed the country’s gross international reserves (GIR) rose to their highest level for the year ...
    read more »

  • US Falls Asia Follows

    US Falls Asia Follows

    US stocks closed lower for a second day in a row as investors positioned themselves for corporate earnings reports. The Dow Jones industrial average fell 117 points, or 0.7 percent, to close at 16,906 Tuesday. The Standard & Poor’s 500 index lost 13 points, or 0.7 percent, to 1,963. The Nasdaq fell 60 points, or ...
    read more »

  • India Speeds Up Project To Build Its 1st 'Bullet' Train

    India Speeds Up Project To Build Its 1st ‘Bullet’ Train

    India Speeds Up Project To Build Its 1st 'Bullet' Train India will speed up a project to build its 1st  Bullet Train from its financial capital Mumbai to Ahmedabad, Gujarat, in its railway budget presented Tuesday, said local daily The Times of India. A high-speed train will run at a maximum speed of 320 km ...
    read more »

  • Myanmar Promotes Banking Sector, Stock Exchange Coming This Year

    Myanmar Promotes Banking Sector, Stock Exchange Coming This Year

    Myanmar Setting Out To Promote Banking Sector The Central Bank of Myanmar announced that it would allow foreign banks to operate banking business in the country by September this year as part of its efforts to promote its banking sector. The move will be the 1st for Myanmar to allow foreign bank operations two decades ...
    read more »

  • PBOC To Boost Stimulus

    PBOC To Boost Stimulus

    PBOC To Boost Stimulus BAC, JPM, CS, China’s central bank moving to support economic growth with unconventional tools that Credit Suisse Group AG (NYSE:CS) and Everbright Securities Co.(SS:601788) say look more like QE fiscal policy. The People’s Bank of China (PBOC) this year started a CNY 100-B (US$16-B) quota for relending earmarked for agriculture and ...
    read more »

  • Perfect World Co., Ltd. (NASDAQ:PWRD) Games Update

    Perfect World Co., Ltd. (NASDAQ:PWRD) Games Update

    Perfect World Co., Ltd. (NASDAQ:PWRD) Games Update Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its recent business developments as of July 7, 2014. Press Release Issued During the Period: April 29, 2014 - Perfect World Files 2013 Annual Report on ...
    read more »

  • Chancellor Merkel Moves Germany Closer To China

    Chancellor Merkel Moves Germany Closer To China

    Chancellor Merkel Moves Germany Closer To China DB, DLAKY, EADSY, SIEKY, VLAKY Beijing and Berlin forge ever closer ties, Angela Merkel marks her 7th trip to China as the German chancellor at this weekend. During her 4-day stay, Ms. Merkel will meet Chinese President Xi Jinping and Premier Li Keqiang, both of whom have paid a ...
    read more »

  • Foreign Textile Firms Invest In Vietnam Ahead Of TPP Enactment

    Foreign Textile Firms Invest In Vietnam Ahead Of TPP Enactment

    Foreign Textile Firms Invest In Vietnam Ahead Of TPP Enactment Foreign investment in Vietnam's textile and garment sector is increasing rapidly as international firms seek to take advantage of benefits the country will potentially derive when the Trans-Pacific Partnership (TPP) Agreement becomes a reality. Several companies from Chinese Mainland, China's Hong Kong and Taiwan, Japan, US, ...
    read more »

  • Banking Industry Sees Opportunity In Asia's Urbanization

    Banking Industry Sees Opportunity In Asia’s Urbanization

    Banking Industry Sees Opportunity In Asia's Urbanization Industry leaders at a banking forum in Singapore Friday said they see huge business opportunities from urbanization in Asia, highlighting themes such as infrastructure, consumer products and agriculture. The infrastructure sector of the region alone calls for investments of US$ 2.4-T in the years from now til Y ...
    read more »

  • Malaysia Port Kelang Sets Up International Trade Settlements Center

    Malaysia Port Kelang Sets Up International Trade Settlements Center

    Malaysia Port Kelang Sets Up International Trade Settlements Center Representatives from EXIM Bank of Malaysia and Port Kelang International Trade and Halal Industry Development Center discussed the establishing the international trade settlement center in the Port Kelang Free Trade Zone (PKFZ). On the supporting financial service for exporters who would invest and trade in PKFZ, ...
    read more »

  • Vietnam To Earn $1.3-B From Pepper Exports By 2020

    Vietnam To Earn $1.3-B From Pepper Exports By 2020

    Vietnam To Earn $1.3-B From Pepper Exports By 2020 Vietnam has set to earn US$ 1.2 to 1.3-B from Pepper exports by Y 2020, a recent planning of Vietnam's Ministry of Agriculture and Rural Development (MARD) showed Thursday. According to the planning, Vietnam will strive to maintain a Pepper grown area of 50,000 hectares across ...
    read more »

  • Indonesian Firm Inks Deal With US Firm To Import LNG

    Indonesian Firm Inks Deal With US Firm To Import LNG

    Indonesian Firm Inks Deal With US Firm To Import LNG CQP The Indonesian Crude Oil-and-Nat Gas state firm PT Pertamina has signed a 2nd agreement to purchase liquefied Nat Gas (LNG) from US- based Cheniere Energy Inc.(NYSE:CQP), a move aiming at meeting gap in domestic Nat Gas demand, Pertamina said in a statement Wednesday. Under ...
    read more »

  • Thailand's Inflation Falls On Price Control Measures

    Thailand’s Inflation Falls On Price Control Measures

    Thailand's Inflation Falls On Price Control Measures Thailand's inflation dropped in June as a result of the military junta's measures to maintain prices of commodity products, the Ministry of Commerce said Tuesday. The Consumer Price Index stood at 107.79 in June, down 0.10% from May, adviser to the ministry Ampawan Pichalai said, adding the figure ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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, ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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%, ...
    read more »

  • 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. ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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. ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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, ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

Research 1 of 6

sign_up

Get the HEFFX Daily Alerts, FX, Commodities, Stocks, Futures Once a Day FREE!

Recent News

Get the HEFFX Daily Alerts, FX, Commodities, Stocks, Futures Once a Day FREE!

heffx metastock_30_day-300x250