BEIJING - Chinese Vice Premier Zhang Gaoli met with Alexei Miller, CEO of Russia’s natural gas company Gazprom, on Monday, agreeing to broaden co-operation in the energy sector, China’s State newsagency, Xinhua, reported, quoting Zhang as saying that, promoted by leaders of the two countries, Sino-Russian energy co-operation had achieved remarkable results.
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SINGAPORE - For the first time since the end of the global financial crisis, the credit quality of the largest listed companies in Southeast Asia seems to be stabilising, according to two reports S&P Global Ratings released today. It says corporate credit health in the region has been boosted by an earnings recovery rather than debt reduction.
BEIJING – An Executive Meeting of China’s State Council chaired by Premier Li Keqiang on September 20 extended the “grace period” for China’s Cross-Broder E-Commerce Pilot Programme, previously to expire on December 31, 2017 until December 31, 2018.
TAIPEI – Taiwan’s GDP is likely to see a cyclical rebound in the third quarter of 2017, according to an Economic Update by ANZ Bank. It says the economy continues to recover steadily, chiefly benefitting vibrant activity in global electronic supply chains.
CANBERRA - The Australian Government has committed to establishing a national space agency to ensure Australia has a long-term plan to grow its domestic space industry. It says the agency will be the anchor for domestic co-ordination and the “front door” for international engagement.
BEIJING - China is to roll out a negative list for foreign investment which has been tested in pilot free-trade zones, the State newsagency, Xinhua, reported. It said the negative list model, which states the sectors and businesses that are off limits to foreign investment, will be adopted nationwide as early as 2018.
HANOI - The Vietnam Ministry of Industry and Trade (MOIT) has announced a plan to eliminate 675 current investment requirements and conditions. Lawyers Baker McKenzie say practical application of the decision will reveal the effective outcome of this announcement as investment procedures will be regulated by MOIT at its discretion.
NEW DELHI - The Reserve Bank of India (RBI) announced today that masala bonds will no longer be part of Foreign Portfolio Investor (FPI) limits on corporate bonds, freeing up INR440.01bn (approx. USD6.8bn) which will be released for FPI investment in corporate bonds over the next two quarters.
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.