Business » Asia

Wednesday, 20 January 2016

Vietnam coffee trade slow, prices dip after Dec export jumps

2016-01-20 TRADING in Vietnamese coffee has slowed yesterday after robusta futures prices hit a fresh low, while ample supply is expected to help loading of beans until a major festival next month, traders said. Vietnam, the world’s largest robusta producer...

China stimulus hopes propel world stocks higher

2016-01-20 GLOBAL stock markets raced higher yesterday as China’s economic growth hit a 25-year low and sparked speculation of more government stimulus that would buoy the world’s second biggest economy. China’s gross domestic product (GDP) expanded 6.9 per...

Tuesday, 19 January 2016

India’s NALCO revives $2b Iran smelter plan as sanctions end

2016-01-19 INDIA’S national aluminium company NALCO will soon send an official team to Iran to explore setting up a smelter complex worth about US$2 billion, its boss said, as world powers lift sanctions on Iran that had made negotiations difficult. NALCO...

Growing appetite for soybeans to crimp China’s palm oil needs

2016-01-19 GROWTH in China’s palm oil imports, under pressure due to a slowing economy, will suffer another setback this year as the country taps into ample global supplies of the rival oilseed soybean to feed its expanding livestock sector. Any dent to palm...

Monday, 18 January 2016

China-led development bank aims to swiftly approve loans

2016-01-18 THE head of the newly opened Asia Infrastructure Investment Bank said the China-led group is aiming to approve its first loans before the end of the year, part of Beijing’s efforts to weave together regional trade partners and solidify its global...

China growth slides to 25-year low in 2015

2016-01-18 CHINA recorded its lowest growth in a quarter of a century in 2015, an AFP survey has forecast, projecting a further slowdown in the world’s second-largest economy this year.Official gross domestic product (GDP) statistics for 2015 will be...

China central bank to raise offshore yuan reserve requirements

2016-01-18 CHINA’S central bank is preparing to raise the reserve requirement ratio for yuan deposits placed in yuan clearing banks from Jan 25 in its latest bid to stem speculation in the currency, according to three sources who have seen the document...

Vietnam sees reform opportunities, labour challenges in TPP

2016-01-18 AFTER organising communist Vietnam’s first peaceful mass strike at a shoe factory, labour activist Do Thi Minh Hanh was arrested, beaten bloody by police, and jailed for four years. Authoritarian Vietnam does not allow the millions of workers in...

Saturday, 16 January 2016

Funding lifts Uber China valuation to over US$8 billion

2016-01-16   UBER Technologies Inc’s China unit boosted its valuation to more than US$8 billion after it raised over US$1 billion in its latest funding round, although the US ride-hailing app is not yet profitable in the mainland due to intense competition...

Thailand’s working-age population seen shrinking 11% by 2040

2016-01-16 THAILAND will need to add migrant workers, draw more women into its workforce and delay the retirement age to battle an expected drop of 11 per cent in its working-age population by 2040, a World Bank economist says.The fall is expected to be the...

China’s Xi to visit Saudi, Iran in new diplomacy push

2016-01-16 CHINESE President Xi Jinping will make an unusual visit next week to Saudi Arabia and Iran, who are locked in a bitter dispute, in what could be a bid by Beijing to act as an “honest broker” as it seeks a greater regional diplomatic role.While...

Chinese stocks breach Dec 2014 closing low

2016-01-16 CHINESE shares tumbled again yesterday, with the Shanghai index closing lower than at any time since December 2014, leaving most who put their faith in Beijing’s measures to end last summer’s crash nursing losses.On the currency markets the yuan...

Friday, 15 January 2016

Proton to raise prices after CNY

2016-01-15 NATIONAL carmaker Proton Holdings Bhd said it may have to increase its car prices after the Chinese New Year in February with the rising costs of imported parts due to the depreciating ringgit. “The ringgit level now is lower as compared with a...

Giving up on stocks, China’s retail investors seek safety

2016-01-15 AS CHINA’S legions of retail investors flee the country’s tumultuous equity markets, pushing stock prices down around 15 per cent so far this year, money is flowing into perceived safe-haven assets such as domestic bonds, gold and the US dollar....

South Korea trims growth outlook for 2016

2016-01-15 SOUTH Korea’s central bank yesterday cut its economic growth outlook for 2016 to three per cent, citing lingering “uncertainties” over a slowdown in key export markets and the won currency. Volatility on China’s financial markets was also causing...

Indonesia cuts key rates

2016-01-15 INDONESIA’S central bank, comfortable that higher US interest rates have not spurred big outflows, cut its interest rates for the first time in nearly a year to try to lift an economy growing at its slowest pace since the global financial crisis....

Thursday, 14 January 2016

Disney to open Shanghai theme park in June

2016-01-14 DISNEY’S long-awaited theme park in China’s commercial hub Shanghai, its first on the mainland, will open on June 16, the company announced Tuesday. The US$5.5 billion facility, originally slated to open last year, will feature everything from an...

Tata Motors seeks image rebirth with new hatchback

2016-01-14 INDIA’S Tata Motors Ltd will be reborn this month with a curvaceous hatchback far removed from the low-cost, boxy models often associated with taxis, kicking off an image-centred strategy for a brand with newly global aspirations. The Zica will be...

Indonesia targets 9% growth in 2016 coffee bean output

2016-01-14 INDONESIA’S coffee bean production is targeted to increase nine per cent to 600,000 tonnes in 2016, up from 550,000 tonnes last year, the country’s coffee exporters association said, amid a growing market for the drink domestically and overseas....

China trade surprise brings relief

2016-01-14 STOCK markets in Europe and Asia rose and oil prices jumped yesterday after Chinese trade data cooled concerns over the world’s second biggest economy, steadying money and currency markets in Shanghai and Hong Kong. Japan’s Nikkei index jumped 2.9...

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