Asia Business & Economics
SPH Radio to launch Singapore's first radio station on business and personal finance
India to set up $350 million fund to finance solar projects
Masnizam Hisham is new Prasarana Malaysia Bhd president and CEO
EU vote to ban palm biodiesel is 'Black Day' for free trade
Budget 2018-19: Economic odds stacked high
Asia stocks near record highs after Wall St surge, dollar edges back
The Cheapest Stocks in the Singapore Market Currently
Swiss Prez To Discuss Trade Pacts With PM Modi In Davos
2018-01-19 11:37:25 New Delhi/Bern: Negotiations on a bilateral investment protection pact will figure prominently during Prime Minister Narendra Modi's meeting with Switzerland's President Alain Berset in Davos next week, the Swiss government has said. The two leaders will also discuss, among other trade and business matter, the envisaged free trade agreement between India and the European Free Trade Association (EFTA), of which Switzerland is a member   Read More ...
Etiqa Insurance, HLA win World Finance Global Insurance Awards 2017
2018-01-19 11:00:58 KUALA LUMPUR: Etiqa Insurance and Takaful Bhd and Hong Leong Assurance Bhd (HLA) have been named winners in the general and life insurance categories respectively in the World Finance Global Insurance Awards 2017. In a statement today, World Finance said, the awards celebrated those who stayed and drove ahead of technology developments and innovative solutions in the global insurance industry.   Read More ...
SPH Radio to launch Singapore's first radio station on business and personal finance
2018-01-19 10:45:06 SINGAPORE - Singapore will soon have its first radio station dedicated to business news and personal finance. It will have access to Singapore Press Holdings' wide-ranging content, including business news from The Straits Times and The Business Times. The station will also work with SPH subsidiary ShareInvestor, which has one of the largest investor relations networks in Asia. Ms Loretta Lopez, the station's assistant programme director, said it is "a rare experience for one to see a station up from ground zero"   Read More ...
Despite jumpy market, Bank of Japan watchers don’t expect a policy change anytime soon
2018-01-19 10:08:34 Economists who follow the Bank of Japan aren’t buying the idea that the central bank is nearing the point where it will begin to normalize its ultraloose monetary policy. Slightly more than half of those surveyed said they saw no chance of any change to BOJ policy this year. With the vast majority saying Gov. Haruhiko Kuroda will be reappointed for another term, continuity is expected — at least through the first half of 2018   Read More ...
Strategic investors can invest up to 25 per cent in REITs/InvITs: SEBI
2018-01-19 10:08:08 To make REITs and InvITs more attractive, markets regulator Sebi has allowed strategic investors like registered NBFCs and international multilateral financial institutions to invest up to 25 per cent of the total offer size of such trusts. “The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size,” Securities and Exchange Board of India (Sebi) said in a circular   Read More ...
Indian tribunal refuses to lift SEBI ban on Price Waterhouse
2018-01-19 09:15:10 India’s Securities Appellate Tribunal (SAT) said on Friday that Price Waterhouse can continue to service existing clients whose financial year started on Jan. 1 2018, but it refused to grant a stay on a two-year audit ban ordered by the market regulator. The markets regulator, Securities and Exchange Board of India, last week barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India’s biggest corporate scandal   Read More ...
MRCB-Quill REIT's Q4 net profit down 80% on deficit in revaluation
2018-01-19 09:00:56 PETALING JAYA: MRCB-Quill REIT's (MQREIT) net profit for the fourth quarter ended Dec 31, 2017 plunged 80% on a RM18.2 million deficit in revaluation of its investment properties. It made a net profit of RM3.3 million for the quarter under review, compared with Rm16.9 million for the same quarter in 2016. This was on 18.3% higher revenue of RM46.1 million, compared with RM38   Read More ...
India’s proposed investment treaty terms leave foreign partners cold: report
2018-01-19 08:36:20 Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks said. From New Delhi’s perspective those treaties, mainly struck in the 1990s when it was desperate for foreign capital, left it too exposed to potential claims awarded by international arbitrators   Read More ...
India's proposed investment treaty terms leave foreign partners cold
2018-01-19 08:31:09 Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks said. From New Delhi's perspective those treaties, mainly struck in the 1990s when it was desperate for foreign capital, left it too exposed to potential claims awarded by international arbitrators   Read More ...
Budget 2018-19: Capital gains tax relief, plan to change holding period to two years
2018-01-19 07:40:47 Written by Sunny Verma , Sandeep Singh | New Delhi | Updated: January 19, 2018 7:24 am SEEKING to bolster its revenues from financial markets, the government is expected to tweak rules relating to taxation of capital gains from shares and increase the holding period for long term capital gains from shares to over two years from one year at present   Read More ...
Aadhaar hearings in Supreme Court: Citizens share data with firms to get insurance, then why not govt, asks bench
2018-01-19 07:31:38 On the second day of hearing on the Aadhaar issue, the Supreme Court bench on Thursday asked the petitioners if people could voluntarily give personal inputs to private insurance or mobile companies, then why couldn’t they share it with the government. “You want an insurance policy, you go to a private company. You want mobile connection, you go to private entities and part with personal information…Here the government has multiplied the options… the moment the government asks you to give proof of address and other details, you have a problem and you say ‘sorry’,” said the bench   Read More ...
Israel pushes for free trade
2018-01-19 07:28:50 The Israeli government is pushing for a free trade agreement (FTA) with India to boost trade and investments. Israeli Prime Minister Benjamin Netanyahu, who was here to address the Israel-India Business Summit, said lower tax rates and removal of excessive regulations would help the private businesses to prosper. “Free trade agreements is an important economic agreement in various areas and it helps in reducing tariffs, non-tariff barriers   Read More ...
Credit score error denies customer loan
2018-01-19 07:27:17 R.Ramesh Babu, a resident of Avadi, was denied a loan from ICICI bank a month ago and the reason cited was poor credit score (a metric used by banks to study the track record and credit worthiness of an individual). Mr. Babu was shocked as he has always been repaying his loans on time. Credit scores and credit reports are prepared by four credit bureau companies in India — CRIF High Mark Credit Information Services Pvt   Read More ...
Women entrepreneurs discuss funding, marketing issues
2018-01-19 07:23:59 Women entrepreneurs from SAARC countries deliberated on the problems being faced by them with regard to funding and marketing during the second day of the three-day international conference on innovation, incubation and industrialisation, here on Thursday. Being organised by the Association of Lady Entrepreneurs of India (ALEAP), in collaboration with the State government and the South Asian Women Development Forum (SAWDF), the delegates underlined the need for networking to further their business interest   Read More ...
WITH, a one-stop platform for women entrepreneurs
2018-01-19 07:23:23 In a first-of-its-kind initiative, a Women Entrepreneur International Trade and Technology Hub (WITH) will be developed near Visakhapatnam with Asian Development Bank as the technology partner. In an interview to The Hindu on the sidelines of the three-day international women entrepreneurs’ conference on innovation, incubation and industrialisation, South Asian Women Development Forum (SAARC- recognised body) president Pramila Acharya Rijal said the construction of green-friendly buildings would be completed in three years in PPP mode   Read More ...
₹ 1.05 cr worth forex seized
2018-01-19 07:17:35 The Directorate of Revenue Intelligence (DRI) officials on Thursday seized foreign currency in the form of Saudi Riyals and Omani Riyals valued nearly ₹ 1.05 crore in Indian currency from a passenger at Rajiv Gandhi International Airport, Shamshabad here. The passenger completed immigration and security checking formalities and was about to board Dubai-bound Indigo flight when the DRI officials checked his baggage following a tip-off   Read More ...
Focus on new markets, V-P tells exporters
2018-01-19 07:13:44 Vice-President Venkaiah Naidu on Thursday asked exporters to focus on new markets and also help revive the agriculture sector wherever they can. Exporters can target new markets and new products, including sunrise products which show higher growth in global trade, such as electrical, electronic and tele-communication equipment, he said. He was speaking at an event to mark the distribution of the Federation of Indian Export Organisations (FIEO) Southern Region Export Excellence Awards   Read More ...
Asia Markets: Asian markets jump higher as investors brush off possible U.S. shutdown
2018-01-19 07:09:24 Asia-Pacific stocks turned broadly higher by midday after a slow start to Friday’s trading, as investors largely ignored ongoing U.S. budget negotiations. “Equities are the name of the game in Asia at the moment and it’s going to continue,” said Stephen Innes, head of trading in Asia at Oanda, in the wake of strong January gains in the region. “I’ve gone through several of these possible shutdowns and this is the most nonchalant attitude I have seen the market take   Read More ...
Donald Trump's impact on trade in Asia - BBC News
2018-01-19 06:55:03 Am 18.01.2018 veröffentlicht Did Donald Trump kill off "unfair" trade deals in Asia? The BBC's Karishma Vaswani assesses the impact of the US withdrawal from the Trans-Pacific Partnership agreement or TPP. Please subscribe HERE World In Pictures Big Hitters Just Good New.   Read More ...
Bullish run continues at Pakistan Stock Exchange as KSE-100 index gains 222 points
2018-01-19 06:31:32 Bullish run at the Pakistan Stock Exchange (PSX) continued on Thursday, with the benchmark KSE-100 index gaining 222 points to close at 43,581 points. A volatile session was observed as the index opened higher touching the day's high of 44,004 points, it touched the day's low of 43,193 points before settling. Volumes improved vastly as around 269 million shares worth Rs13   Read More ...
Profit-taking pulls Tokyo stocks down further after Nikkei tests 24,000
2018-01-19 06:14:05 Stocks lost further ground Thursday on the Tokyo Stock Exchange as selling to lock in profits ensued after a morning surge pushed the benchmark 225-issue Nikkei average above 24,000 for the first time in more than 26 years. The 225-issue Nikkei average fell 104.97 points, or 0.44 percent, to close at 23,763.37. The key market gauge lost 83.47 points on Wednesday   Read More ...
3 Types of Bank Accounts You Should Consider Opening This New Year
2018-01-19 06:08:06 Getting stuck in mile-long ATM queues is one of the more frustrating moments in a Singaporean’s life—especially when just one metre away, there’s a rival bank’s ATM machine that’s so deserted it seems haunted. But avoiding ATM machine queues isn’t the only reason you should open more than one bank account. Here are three types of bank accounts you may find relevant to your needs   Read More ...
Tech innovation vital for sustainable growth
2018-01-19 05:16:53 By Naho Osawa / Yomiuri Shimbun Staff WriterYoko Takeda. , chief economist at Mitsubishi Research Institute Inc., spoke to The Yomiuri Shimbun about the Japanese economy and fiscal recovery, among other topics. The following are excerpts from the interview. The Yomiuri Shimbun: The Abenomics economic policy package has improved corporate performance, but it has yet to fully overcome deflation. Takeda: There is no doubt that the economy is now in good shape when one considers a variety of economic indicators   Read More ...
Tax professionals call for incentives to boost emerging tech
2018-01-19 05:09:59 Tax incentives aimed at boosting productivity and helping businesses take advantage of emerging technologies should be included in next month's Budget, said leading industry body Singapore Institute of Accredited Tax Professionals. It has proposed a raft of measures along these lines. These include enhancing the existing research-and-development (R&D) scheme, introducing a double deduction scheme for training expenses, encouraging R&D activities in start-ups and small- and medium-sized enterprises (SMEs) and introducing a fintech tax incentive   Read More ...
Cuepacs wants govt to maintain pension scheme, salary increase for civil servants
2018-01-18 16:01:06 KOTA BARU: The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) hopes that the government will not abolish the civil servants pension scheme and that it will continue, as the current salary is viewed as insufficient for them to have enough savings. Its president Datuk Azih Muda said Cuepacs was very thankful to Prime Minister Datuk Seri Najib Abdul Razak for recently announcing various incentives to police pensioners   Read More ...
Govt losing RM8b in tax revenue from illicit trade : IDEAs
2018-01-18 15:02:40 KUALA LUMPUR: The Institute for Democracy and Economic Affairs (IDEAS) estimates the government is losing some RM8 billion in tax revenue annually due to the black market, which looks to be thriving particularly in the tobacco, food and beverage and motor vehicle industries. A roundtable with the authorities and industry players today to gain feedback and formulate a way forward to combat the illicit goods market highlighted the growing number of contraband beers in the Sabah and Sarawak market, the infringement of copyrights and threats to intellectual property especially through digital channels   Read More ...
NTUC Income first to offer Integrated Shield Plans online here
2018-01-18 15:02:04 Customers can now buy an Integrated Shield Plan (IP) online from NTUC Income, in what is believed to be the first such portal in Singapore. The insurance company said yesterday that the website - healthinsurance.income.com. sg - would offer "heightened accessibility, convenience and speed" in buying a plan and making claims. IPs incorporate both MediShield Life, the basic health insurance plan administered by the CPF Board, as well as private health coverage   Read More ...
December non-oil domestic exports up 3.1%, below expectations
2018-01-18 15:01:01 A global electronics boom propelled Singapore's export growth to a seven-year high last year - but an underwhelming showing last month hinted that this pace will be tough to sustain. While trade demand is set to remain robust, exports are expected to grow at a more sedate pace this year, economists said. December trade data out yesterday pointed to more modest growth ahead   Read More ...
Australia, Japan committed to signing Asia Pacific trade pact by March: Turnbull
2018-01-18 12:45:09 TOKYO (REUTERS) - Australia and Japan are committed to signing an Asia Pacific trade deal by March with countries in the region ready to forge a pact to replace the derailed Trans Pacific Partnership (TPP), Australian Prime Minister Malcolm Turnbull said on Thursday (Jan 18). "Prime Minister (Shinzo) Abe and I are personally committed to having this deal signed and sealed by March," Turnbull said in a speech in Tokyo   Read More ...
32 bank accounts compromised in Rawalpindi ATM skimming incident
2018-01-18 12:34:56 Hundreds of thousands of rupees have been skimmed out of 32 accounts of a private bank located in the Saddar area of Rawalpindi, indicating the presence of ATM hackers in the twin cities including Islamabad, DawnNews reported on Wednesday.Reports of unauthorised withdrawals have caused a panic among account holders, whereas the bank's staff seem helpless in the face of the security breach, simply promising those affected that their stolen monies will be returned within 45 days   Read More ...
Asian shares close mixed; Nikkei gives up early gains
2018-01-18 12:14:37 Stock indexes in Asia closed mixed after the Nikkei 225 gave up early gains late in the session. Investors also digested a raft of China data released as mainland markets closed. Tokyo's benchmark index declined 0.44 percent, or 104.97 points, to close at 23,763.37 as the index turned lower in the afternoon despite earlier recording a fresh 26-year high. Financials finished the session in negative territory, with Mizuho Financial Group closing down 1   Read More ...
Ka Chuan: Malaysia's total trade amount on the rise
2018-01-18 11:47:37 NILAI: Malaysia's total trade in the first 11 months of 2017 reached RM1.62tril, surpassing the RM1.49tril recorded in the 12 months of 2016, says International Trade and Industry Minister II Datuk Seri Ong Ka Chuan (pic). He added that exports during the first 11 months of 2017 increased by 20.4% to RM856bil compared with the corresponding period of 2016, while imports during the same period also grew by 21   Read More ...
India to set up $350 million fund to finance solar projects
2018-01-18 11:45:52 India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022. India will need at least $125 billion to fund a plan to increase the share of renewable power supply in the country's grid by 2022, underlining the immense financing challenge ahead   Read More ...
Will the borrowing cut be past or prologue for the bond market?
2018-01-18 11:10:05 Past is prologue, so said Shakespeare. For the bond market, whether this is true will be only revealed on 1 February. Bond yields, that have been rising incessantly since June last year, dropped a massive 16 basis points on Wednesday after the government said it would borrow Rs30,000 crore less than previously stated. The lower-than-feared borrowing has fired up hopes that the centre is serious about keeping its fiscal deficit under check in a year when India garnered a rating upgrade   Read More ...
Bitcoin falls 7 per cent on extended sell-off
2018-01-18 10:01:58 TOKYO/SINGAPORE: Bitcoin extended its sharp tumble, skidding more than 7 per cent yesterday in a rapid downturn in fortunes as investors were spooked by fears that regulators might clamp down on the asset whose value has skyrocketed in the past year. The price of the world's biggest and best-known cryptocurrency fell to as low as US$10,567 (S$13,900) on the Luxembourg-based Bitstamp exchange, not far from its six-week nadir of US$10,162 touched the previous day   Read More ...
Masnizam Hisham appointed as Prasarana's new president and CEO
2018-01-18 09:48:47 PETALING JAYA: Masnizam Hisham has been appointed as the new Prasarana Malaysia Bhd president and chief executive officer for three years effective immediately. In a statement, Finance Ministry Incorporated said she replaces Datuk Seri Azmi Abdul Aziz, whose contract ended on Dec 31 last year. Masnizam will be in charge of ensuring the success of the Al Mashaaer Al Muqaddassah Metro Metro-Southern Line project in Saudi Arabia, the training of mass rapid transit workers in Jakarta, Indonesia and the Prasarana infrastructure development, including the procurement of trains, buses and depots   Read More ...
Govt to set up $350 million fund to finance solar projects
2018-01-18 09:13:54 The Central government will set up a $350 million fund to finance solar projects, Power Minister RK Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022. India will need at least $125 billion to fund a plan to increase the share of renewable power supply in the country’s grid by 2022, underlining the immense financing challenge ahead   Read More ...
‘Rich Dad Poor Dad’ author Robert Kiyosaki appeals for financial literacy
2018-01-18 09:09:00 With a high literacy rate and a strong work ethic that embodies the samurai code of conduct, it is easy to assume Japan is well placed in the global race for economic ascendency. But Robert Kiyosaki, an entrepreneur and author of the top-selling personal finance book “Rich Dad Poor Dad,” says the Japanese, like the majority of people in the world, are missing the most important pillar of success: financial education   Read More ...
Strong wage growth key to beating deflation, Japanese government says in report before corporate wage talks
2018-01-18 09:08:57 Japan has entered a new phase in its fight against deflation, but stronger wage growth and improved productivity are needed if the economy is to turn the corner, the Cabinet Office said in a report released Thursday. Describing wage growth as “modest” for most workers, the report on the state of the economy said companies appear more willing to raise pay for part-timers being used to fill the labor shortage than for full-time workers   Read More ...
ICT minister calls for joint R&D effort by SMEs
2018-01-18 08:06:29 SEOUL, Jan. 18 (Yonhap) -- Information and Computer Technology (ICT) Minister Yoo Young-min met with heads of the country's small and medium-sized enterprises (SMEs) Thursday to call for a joint research and development effort. In a special meeting with top executives from local venture firms specializing in software, chemistry and electronics, Yoo said robust investment in research will eventually create more jobs in the future   Read More ...