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ATI Newswire - the latest updates


February 9, 2016

PERTH – The Perth-based FYI Resources has signed an MoU with the Yuntianhua Group (headquartered in Yunnan, China), for collaboration in a potash project with potential resource development and production opportunities in Laos. Yuntianhua, via a subsidiary company – Sino-Lao Mining Development and Investment - majority owns the “Sino-Lao” potash project located approximately 40 km north of Vientiane.




February 5, 2016

BEIJING - Speaking on the high-priority issue of excess capacity in China’s steel and coal industries, Premier Li Keqiang has announced that China will cut crude steel production capacity by 100 to 150 million tons. While the State Council did not specify any deadline for such cuts, the nation’s Cabinet pointed out in an official statement that China has cut is production capacity of crude steel by more than 90 million tons in recent years.




February 5, 2016

JAKARTA - At 5.04% y/y, Indonesia’s Q4 GDP growth has come in on the firmer side of consensus expectations. “At the margin,” ANZ Bank says, “Indonesia has ended 2015 on a less-weak footing than we previously thought. We would hesitate to use the expression ‘stronger footing’ as we have yet to be convinced that the major expenditure categories we need to see bounce to pull growth recovery onto a more stable trajectory are indeed sustainably recovering.”




February 5, 2016

HONG KONG – BBVA Research says a number of hedge funds have shifted their attention to the Hong Kong Dollar (HKD), speculating on the possibility of the currency abandoning its decades-old peg to the USD. This has caused the HKD to soften against the USD and raised the interbank interest rate.




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Business Diary

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Australia China Expo – Melbourne(April 27-29, 2016), Sydney (June 1-2, 2016)

April 27, 2016 to June 2, 2016

Australia Business Forum, organiser of the annual Australia-China Business Week events, is extending its Sino-Australian calendar of events this year with the launch of Australia-China Expos in at the Melbourne Convention and Exhibition Centre and Sydney’s Horden Pavilion.

The Expos feature key industries in Australia across the Australia-China business sectors and provide Australian companies with an opportunity to showcase their products and services.

ASIAWATER Expo & Forum – Kuala Lumpur Convention Centre – April 6-8, 2016

April 6, 2016 to April 8, 2016

In its ninth year as the largest water and wastewater event for developing countries in Asia, this Forum will focus on current ASEAN water needs, including water supply, water resources, sanitation and purification.
ASIAWATER 2016 is expected to host more than 780 exhibitors from 48 countries, with 11 major international pavilions from  mainland China, Taiwan, Singapore, Korea , the US, Austria, Germany and India. Visit www.asiawater.org