The Bank Internasional Indonesia (BII) launched its operations in India Wednesday by opening a branch in Mumbai. Dato Khairussaleh Ramli, BII president, said the Mumbai branch would open up new business opportunities as India is considered one of the fastest growing economies in Asia and the world. "The activation of BII Mumbai is in line with the Group's mission in humanizing financial ...
Experts say in shambles Pak close to becoming failed state following damning Osama op report
Pakistan is in complete shambles after a new leaked report unfolded the sequence of events that led the United States hunt for al-Qaeda chief, Osama bin Laden, in the South Asian country. Pakistan has struggled for the past two years to explain how Laden managed to hide out in one of its military towns. The answers lie in the 336-page leaked judicial inquiry report, suggesting the sheer ...
Putins Asian Oil Drive Brings Pain to European Refiners
LONDON -- European refineries are seeing their bills soar by billions of dollars a year as Russia shifts oil exports to Asia, driving up the values of Urals, one of their preferred crudes. Huge volumes have switched away from saturated European markets. From virtually zero five years ago, Russia's oil exports to China and the Pacific coast have risen to 750,000 barrels per day or 17 ...
Asian Stocks Advance Led by Raw-Material Suppliers
Asian stocks rose on speculation China will introduce measures to stimulate the economy after exports contracted by the most since 2009 as a stronger yen pulled down Japanese exporters. Chow Tai Fook Jewellery Group Ltd (1929), the world?s biggest jewelery chain had a record gain in Hong Kong after same-store sales jumped on gold demand. Aeon Co., Japan?s largest retailer, rose 1.4 ...
Asia needs both US and China involved in trade deals
Lurking in the background of the imminent US-China strategic dialogue are concerns about what role, if any, the world?s second-largest economy will play in the Trans-Pacific Partnership and how the that trade grouping will compete with or complement the Regional Comprehensive Economic Partnership. Getting the details of these mega-regional trade deals wrong could seriously damage ...
Noise and the city ? HK?s struggle for quiet
With its pounding construction sites and constant roar of traffic, Hong Kong is a cacophony of noise with experts and residents calling on authorities to keep a lid on the din for the sake of public health. In a densely-packed city with a shortage of housing, older buildings are frequently torn down and replaced as developers snap up prime real estate. On the roads the battle between buses, ...
Entry of more players in renminbi business is good for HK
Anita Fung says Hong Kong has no reason to fear competition in the offshore renminbi business, given our ties with the mainland, and should seek instead to work with other centres Years from now, when people look back at the renminbi?s path to internationalisation, they will agree that May 2013 was a significant month. According to the Hong Kong Monetary Authority, it marked the first ...
HK Landfill Expansion Plan to Go Ahead government Says
Hong Kong doesn?t plan to withdraw a funding application for a study to expand the Tuen Mun landfill, Chief Secretary Carrie Lam told reporters today, according to a statement on the government?s website. ';We need a way out for the waste produced by seven million people,'; she said, referring to Hong Kong?s population. She added that the government will work with ...
Big developers in HK take cautious approach to land auctions
The two biggest developers have sharply scaled back their land acquisitions since the government rolled out a series of cooling measures to rein in property prices. On the other hand, some developers who do not have a big land bank have stepped into the vacuum left by the withdrawal of the big players, among them Wheelock Properties, which has spent HK$9.63 billion to acquire four sites since ...
At Least One HK IPO Bucks the Trend
Many investors have soured on Hong Kong initial public offerings after disappointing share-price performances by a number of companies. But one company ? an asphalt maintenance service-provider ? is bucking the trend. Freetech Road Recycling Technology (Holdings) Ltd, which raised $81 million in its IPO last month, closed Tuesday at 3.22 Hong Kong dollars a share ? up 32.5 ...
Taiwan?s exports growth expected to accelerate in H2 think tank
Yuanta-Polaris Research Institute, one of Taiwan?s leading economic think tanks, said on Tuesday that the pace of Taiwan?s exports growth for the second half of this year will accelerate on the back of peak season effects, particularly in the US and European markets. Riding a buying spree in the US and Europe during the second half, Taiwan?s exporters will witness their sales ...
Bio Taiwan opens next week in Taipei
The annual Bio Taiwan expo opens next week, providing a platform for local biotechnology companies to meet potential investors and development partners. OPPORTUNITIES ';The event provides opportunities for biotech firms to find funding, technologies and partners in Taiwan and abroad,'; Taiwan Bio Industry Organisation president Johnsee Lee (???) said at a press conference ...
Taiwan?s ?All-Volunteer? Military Vision or Nightmare
As the young soldiers lined up along the coast at the crack of dawn, moments before rocket systems, main battle tanks and combat aircraft pulverised imaginary targets out at sea as part of the annual Han Kuang military exercises, it was impossible not to wonder how Taiwan?s military would fare in the advent of a real invasion by China?s People?s Liberation Army (PLA). Would ...
Politicians media top Taiwan?s ?corruption barometer?
In the eyes of the Taiwanese public, the country?s most corrupt institutions are the Legislature and the political parties, followed by the media. This is the finding of the 2013 Global Corruption Barometer (GCB) released by Transparency International?s (TI) Taiwan branch Tuesday. Transparency International Chinese Taipei said TI commissioned the Gallup Poll to interview 114,000 ...
Soulik a Potential Typhoon Threat to China Taiwan
Strengthening Typhoon Soulik, the latest named western Pacific tropical cyclone, will hold typhoon status for at least part or all of its path before a late-week approach to the Asian mainland. Taiwan and east-central China will be at risk of damaging winds and flooding rain Friday and Saturday. The provinces at risk in China will be Fujian and Zhejiang. The city of Shanghai is just north of ...
16000 possible jobs lost due to row with Taiwan
Some 16,000 jobs that would have been filled by Filipino workers have been lost in Taiwan due to soured relations between Manila and Taipei following the killing by the Coast Guard of a suspected Taiwanese poacher two months ago. Former Pangasinan congressman Amadeo Perez, who heads the Manila Economic and Cultural Office (MECO), confirmed the statement of Rep. Roy Seneres of party-list group ...
Trade agreement with Taiwan a first
Tens of millions of dollars of duties on New Zealand?s exports to Taiwan will be eliminated over the next four years, after the island nation signed its first trade deal with an OECD nation. Today?s Economic Cooperation Agreement, signed at Victoria University, is the culmination of more than a year of negotiations, with those close to the deal hailing it as groundbreaking and ...
Taiwan now expects 85pct 100Mbps fibre coverage by end-2013
Despite the Taiwanese authorities having said they were aiming to see all households in the country be within reach of a 100Mbps fibre-optic network by end-2013, it appears unlikely that this target will be reached. According to the Digitimes, new estimates published by the National Communications Commission (NCC) suggest that around 85 percent of premises will now be able to access 100Mbps ...
Taiwan?s Quanta June sales down 26 pct on year
Taiwan?s Quanta Computer Inc, the world?s top contract laptop PC maker, posted a 26.2 percent fall in June sales from a year earlier. Following are details of the sales: JUNE Y/Y percent YR-TO-DATE Y/Y percent Sales (T$ billion) 68.53 -26.2 388.33 -18.0 (US$ billion) 2.28 For a table on Quanta?s website, see (link.reuters.com/hun56t) ($1 = 30.0870 Taiwan ...
S. Korea?s Jet Programme Could Be Delayed
South Korea?s Defense Acquisition Programme Administration (DAPA) finished price negotiations for its next-generation fighter July 5 without any of the competitors meeting the country?s budgetary requirements, potentially delaying a selection for the F-X programme. From June 18 to June 28, DAPA went through 30 rounds of bidding, according to an industry source familiar with the ...
300000 N Korean Soldiers ?to Help Rebuild Economy?
North Korea has decided to redeploy 300,000 soldiers to help kick-start its moribund economy, apparently confident that its nuclear weapons will serve as a sufficient deterrent, Japan?s TV Asahi reported Tuesday. Quoting a North Korean military officer, TV Asahi said the North?s top military command issued an order on June 10 to reduce the number of troops by 300,000 or a quarter ...
NTSB Asiana jet?s landing gear slammed into seawall at San Francisco airport
The pilot at the helm of Asiana Airlines Flight 214 was training to fly a Boeing 777 and was sitting next to a man in his first trip as an instructor pilot when their plane?s main landing gear hit a seawall around San Francisco?s airport, a US official said Tuesday. Deborah Hersman, the head of the National Transportation Safety Board, revealed these and other details during a news ...
Source: http://www.nepalnews.net/index.php/sid/215755533/scat/bf053b50c46383e0
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