Monday, September 25 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
HONG KONG - S&P Global Ratings today lowered its long-term sovereign credit ratings on China to 'A+' from 'AA-' and the short-term rating to 'A-1' from
'A-1+', but said the outlook on the long-term rating is stable. S&P also revised its transfer and convertibility risk assessment on China to 'A+' from 'AA-'.
BEIJING – A senior Communist Party of China (CPC) official, Liu Yunshan, said on Tuesday that the sound and stable development of relations between China and Vietnam would greatly benefit both, China’s State newsagency, Xinhua, reported.
BEIJING - China hopes Singapore will support Chinese enterprises who wish to participate in the Singapore-Malaysia high-speed railway project, Premier Li Keqiang said on Tuesday, the State newsagency Xinhua reported.
MELBOURNE - ANZ Bank has raised its forecast for the AUD, now tipping the currency to rise as high as US83 cents by the middle of next year before dropping away to US$70 cents by mid-2019.
BEIJING - The Communist Party of China is to amend its Constitution at the upcoming National Congress (on October 18), Xinhua, the State newsagency, reported. It said the Political Bureau of the Party’s Central Committee on Monday deliberated a draft amendment at a meeting presided over by Xi Jinping, General Secretary of the Party’s Central Committee.
BEIJING – China’s State newsagency, Xinhua, reports that President Xi Jinping and his U.S. counterpart, Donald Trump, discussed both Trump's coming visit to China (later this year) and the Korean Peninsula situation over the phone late on Monday.
JAKARTA – Global asset manager Natixis is forecasting that GDP in Indonesia will reach 5.1% in 2017, slightly better than subdued H1 2017 – and it does not expect a further interest rate cut for the balance of the year.
SHANGHAI - South Korea’s retail giant, the Lotte Group, has decided to sell many of its stores in China — its largest overseas market — after Chinese consumer sentiment soured following Seoul’s decision to host a U.S. anti-ballistic-missile system, Caixin reports.
HONG KONG - While near-term confidence in major markets has declined among Hong Kong exporters, the outlook for quality, unique style products and services remains bright in ASEAN markets, according to new research conducted by the Hong Kong Trade Development Council (HKTDC).
SINGAPORE - CIMIC Group company, Leighton Asia, has been awarded a Deep Tunnel Sewerage System Phase 2 contract by PUB, Singapore’s national water agency. Revenue to Leighton Asia, which is part of CIMIC Group construction company CPB Contractors, is approximately A$470 million.
SINGAPORE - Despite major growth in the number and range of legal online content choices available to them, recent studies have found Singaporeans to be among the top consumers of pirated online content around the world, according to a new consumer research study released today by research company, Sycamore.
Portfolio outflows from Asia were recorded during August for the first time this year, with foreign-based investors acting as broad based sellers of equities amounting to USD4 billion, according to an FX Insight report from ANZ Bank.
VLADIVOSTOK – South Korea’s President, Moon Jae-in, has re-emphasised the importance of developing the Russian Far East by expanding co-operation between Seoul and Moscow in his keynote address to the plenary session of the third Eastern Economic Forum here.
SHANGHAI - Lenovo will pay a US$3.5 million fine to the U.S. Federal Trade Commission (FTC) to settle charges it says it doesn’t completely agree with. Caixin reports that the FTC, along with 32 U.S. States, first alleged that the world’s second-largest seller of personal computers was harming consumers after some of its laptops were discovered in February 2015 to be preloaded with software called VisualDiscovery.
John Vail, Chief Global Strategist for Nikko Asset Management, says the release of second-quarter data on aggregate Japanese corporate profits confirms his 12-year theme about improving corporate governance in Japan and how investors should not worry about the low-growth domestic economy.
NEW DELHI – Global asset manager Natixis is predicting that India’s economy will weaken further in the third quarter, promoting a further interest rate cut, but beyond the short-term, growth should rebound strongly, helped by the diminished negative impact of demonetisation and GST.