Wednesday, 6 July 2016

Twinkies maker Hostess to go public under new owner

2016-07-06 HOSTESS Brands LLC, the maker of Twinkies and Ding Dongs, said an affiliate of private equity firm Gores Group will buy the company in a US$725 million deal and take it public.Hostess, founded in 1919, was picked up from bankruptcy in 2013 by...

Tuesday, 5 July 2016

Temasek eyes US investments to offset first portfolio drop in 7 years

2016-07-05 SINGAPORE sovereign investor Temasek is set to pounce on US deals and look for co-investments with private equity partners to offset its first annual decline in the value of its assets in seven years, bankers and people familiar with the strategy...

Heavy lifting for Australia central bank after gridlock

2016-07-05 AUSTRALIA’S central bank will have to carry the economy on its own after a cliff hanger election condemned the country to months of deadlock on budget reform, adding to an already compelling case for another cut in interest rates.Vote counting will...

Japan firms’ price expectations slide, keep BoJ under pressure

2016-07-05 JAPANESE companies’ inflation expectations fell slightly in June from three months ago, the Bank of Japan’s tankan survey showed, adding to growing doubts over its argument that aggressive money printing will accelerate price growth to its 2.0 per...

China’s private infrastructure firms face unexpected competition

2016-07-05 PRIVATE Chinese companies taking part in a scheme to reduce the state’s dominance in building infrastructure are finding competition coming from an unusual place — the government peers they are supposed to replace.Private-sector businessmen say...

Singapore leads Hong Kong in race to be Asia’s fintech hub

2016-07-05 SINGAPORE is rushing to reinvent itself as Asia’s financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. State funding, light-touch regulation and a recent move to...

China June economic data to show weak trade

2016-07-05 A FLURRY of data from China in coming weeks is expected to show continued weakness in trade and investment, sluggish industrial output and another drop in foreign reserves, reinforcing views that Beijing will roll out more economic support measures...

Monday, 4 July 2016

What makes China’s Silicon Valley tick

2016-07-04 THE coffee shops, Internet cafes and startup incubators in the Zhongguancun area of northwestern Beijing are packed with young and aspiring entrepreneurs. The atmosphere feels like the next Silicon Valley. But there are lots of attempts around the...

Online Eid shopping rises in Bangladesh

2016-07-04 THE volume of online Eid shopping in Bangladesh has more than doubled this year compared to the previous year, with many opting to buy products online to avoid nagging traffic jam and mad rush to the shopping malls. More than 20,000 purchases a day...

Saturday, 2 July 2016

Oil market will come into balance in 2017

2016-07-02 THE US energy secretary said yesterday he sees the global oil market coming into balance over the next year as rising demand catches up with a two-year-old supply glut that depressed prices.Ernest Moniz said supplies should be adequate after the...

Duterte’s directives to benefit Philippine business

2016-07-02 THE local and foreign business community felt reassured and encouraged as President Rodrigo Duterte directed his Cabinet to honor existing contracts and implement measures to further ease doing business in the country.These, among Duterte’s...

Thursday, 30 June 2016

Universal Studios Singapore top amusement park in Asia: TripAdvisor

2016-06-30 UNIVERSAL Studios Singapore has been named the top amusement park in Asia by travel site TripAdvisor for the third year running, local media reported yesterday. TripAdvisor announced the winners of its Travelers’ Choice awards for amusement parks...

Indonesia to step up oil exploration, fishing activities

2016-06-30 INDONESIAN President Joko Widodo yesterday ordered an expansion of offshore oil exploration and commercial fishing in the waters near the Natuna Islands. Indonesia has taken unprecedented steps in the past week to lay claim to the remote island...

Moody’s: Singapore’s growth likely to remain subdued

2016-06-30 MOODY’S expects Singapore’s GDP growth for 2016 to slow at about 1.6 per cent, after expanding by 2.0 per cent in 2015. This forecast for 2016 is at the lower end of the government’s estimated growth range of 1.0 per cent to 3.0 per cent, said the...

Wednesday, 29 June 2016

Weather woes cool Vietnam’s Q2 growth

2016-06-29 VIETNAM’S galloping growth took a hit in the second quarter with drought and bad weather weighing on its agriculture sector and slowing the economy to 5.55 per cent, the weakest expansion in the three-month period in two years.Vietnam’s economy is...

South Korea unveils US$17b stimulus

2016-06-29 SOUTH Korea yesterday announced an economic stimulus package of 20 trillion won (US$17 billion) as it cut its 2016 growth forecast due to slowing global demand and the fallout from Britain’s shock decision to leave the EU.The finance ministry...

Airbnb shares optimism on China

2016-06-29 THE sharing economy has huge potential in China, where the younger generation are ready to embrace new ways of doing business and living, senior management of Airbnb believe.“We’ve seen positive signs of a developing sharing economy in China both...

AirAsia chief to discuss KLIA2 branding issue

2016-06-29 AIRASIA Group Chief Tan Sri Tony Fernandes will be meeting Transport Minister Datuk Seri Liow Tiong Lai today to discuss the KLIA2 branding issue. There have been continuous arguments between Malaysia Airports Holdings Bhd and AirAsia over the...

Tuesday, 28 June 2016

Business outsourcing industry in Philippines to get Brexit boost

2016-06-28 WHILE global markets are fretting over Great Britain’s decision to leave the European Union — commonly known as the game-changing Brexit — a property market veteran sees the Philippines raking in windfall gains for its business process outsourcing...

China a potential Brexit winner

2016-06-28 CHINA is a potential winner if Britain and the European Union rework trade deals and look for investors after a British exit.Beijing faces a blow from weaker European demand for its exports and pressure to hold its yuan steady in turbulent currency...