Business » Asia

Thursday, 23 October 2014

SoftBank leads US$100m investment in Indonesian e-commerce firm Tokopedia

2014-10-23 SOFTBANK Corp announced Wednesday it will lead a US$100 million investment round in Indonesian e-commerce giant PT Tokopedia, the Japanese mobile carrier’s third investment overseas under Vice Chairman Nikesh Arora.SoftBank’s newly formed SoftBank...

Asia needs policy coordination amid slower growth

2014-10-23 ASIA-PACIFIC economies need to recalibrate financial policies in the face of slowing global growth, US Deputy Treasury Secretary Sarah Bloom Raskin said Wednesday, following a meeting of regional financial officials to prepare for next month’s Asia...

APEC nations vow to pursue ‘flexible’ fiscal policies

2014-10-23 COUNTRIES at an Asia-Pacific summit in Beijing pledged to pursue “flexible” fiscal policies to support the world economy and job creation, their finance ministers said in a joint statement on Wednesday. Noting that current tepid global economic...

Vietnam ranks 2nd fastest-growing smartphone market in SE Asia: survey

2014-10-23 VIETNAM ranked second among the three fastest growing smartphone markets in terms of volume turnover in Southeast Asia in the past 12 months, according to German market research firm GfK.During the Sept 2013 to Aug 2014, Vietnam reported 56 per...

India’s Modi burnishes economic credentials with reform blitz

2014-10-23 INDIA’S Prime Minister Narendra Modi has unleashed a slew of reforms in the past week, scrapping fuel subsidies, simplifying labour rules and pledging to open coal mining to private players in a bid to kickstart the economy.The reforms are seen as...

Wednesday, 22 October 2014

Cambodia promotes rice to int’l buyers

2014-10-22 CAMBODIA held the 4th rice forum on Tuesday with an aim to promote milled rice to local and international buyers, an organiser said.Potential buyers from China, Singapore, Nigeria, Indonesia, the Philippines, Malaysia, Iraq, South Africa, the...

China’s growth slowest since global crisis

2014-10-22 CHINA grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world’s second-largest economy is becoming a drag on global...

Japan downgrades view on economy for 2nd straight month

2014-10-22 THE Japanese government on Tuesday downgraded its assessment of the country’s economy for the second consecutive month, likely adding to concerns over whether the government would go ahead to implement the second tax hike next year. “The Japanese...

S’pore ranks top tourist destination next year: report

2014-10-22 TRAVEL media company Lonely Planet has named Singapore as the world’s top destinations among countries to visit next year, while Washington DC of the United States is named the top city to visit, Singapore media reported on Tuesday.The Lonely...

Central Bank: Few Indonesian firms face danger if rupiah plummets

2014-10-22 ONLY five of 57 Indonesian firms surveyed by the central bank would be in danger of insolvency if the rupiah’s value plummeted by 30 per cent against the US dollar, Bank Indonesia said on Tuesday.In a stress test using the worst-case scenario of...

Firm policy action can beat growth pessimism: WB

2014-10-22 DESPITE a struggle in recovery by the global economy, strong policy action by Asia-Pacific Economic Cooperation (APEC) members can boost confidence and foster growth, World Bank Managing Director Sri Mulyani Indrawati said here on Tuesday.With the...

Tuesday, 21 October 2014

Australia’s Medibank IPO will be Asia’s biggest listing

2014-10-21 AUSTRALIAN state-owned health insurer Medibank Private Ltd said it is planning an IPO worth up to US$4.8 billion - a listing that is set to be Asia Pacific’s biggest this year and to draw strong interest from domestic and international investors....

Japan industry minister resigns over scandal

2014-10-21 JAPAN’S high-profile and telegenic industry minister on Monday resigned over claims she misused political funds, including to buy both votes and make-up, dealing a blow to Prime Minister Shinzo Abe’s gender reform drive.Yuko Obuchi told a press...

Indonesia’s new president targets food security

2014-10-21 INDONESIA’S new president Joko Widodo said on Monday that he wanted the Southeast Asian nation to be self-sufficient in food staples sugar, rice and corn within four years.Widodo took over as president of the world’s third-largest democracy on...

Thailand plans to raise transport LPG prices further

2014-10-21 THAILAND’S military-backed government will raise prices of liquefied petroleum gas (LPG) used for transportation by 0.63 baht (0.02 US cents) per kg from Tuesday, the second increase in a month, its energy ministry said.The move is part of the...

Strong demand for iPhone 6 ups Taiwan export orders

2014-10-21 BOOMING shipments of the iPhone 6 helped Taiwan’s export orders jump 12.7 per cent in September year-on-year to a record US$43.3 billion, its government said Monday.It marked an eighth straight month of growth in export orders for tech-rich Taiwan...

Monday, 20 October 2014

China eyes legal reforms at key meeting

2014-10-20 CHINA is set to unveil key legal reforms this week that will try to limit the influence local officials have on court cases, a move being closely watched by company executives who hope it will make the legal system more impartial.The announcement...

The US$40 billion jet buying spree

2014-10-20 ALMOST four years ago a handful of people gathered in Airbus sales chief John Leahy’s spacious country house outside Toulouse and argued long into the evening over curry and cigars.Last weekend they met up again at a Parisian hotel for more...

India fuel reform to boost economy

2014-10-20 INDIA freed diesel prices from government control yesterday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi’s government, as it aims to boost the country’s economy and overhaul its energy sector. The...

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