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Oct 25, 2011

ASIA News, Oct 25, 2011


S. Asia's sustainable growth
Financial Express Bangladesh
The title, "Global recovery, new risks and sustainable growth: Responding South Asia" of the two-day fourth South Asia Economic Summit (SAES) hosted by one of the country's leading leading think tanks Centre for Policy Dialogue (CPD) is ...
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Singapore Stocks: CapitaMalls Asia, GMG, Olam, Sound Global
BusinessWeek
CapitaMalls Asia Ltd. (CMA SP), the owner of shopping malls in Singapore, Japan, China, India and Malaysia, rose 0.8 percent to S$1.26. The company said it agreed with Suzhou Industrial Park Jinji Lake Urban Development Co. to develop a shopping mall ...
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Asian Stocks Swing Between Gains, Losses Ahead of Europe Meeting
BusinessWeek
Komatsu Ltd., the world's second- biggest construction machinery maker, rose 3.1 percent as rival Caterpillar Inc.'s posted earnings that beat estimates. Cnooc Ltd., China's largest offshore energy explorer, rose 5.4 percent in Hong Kong after crude ...
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S'pore, China sign deal to expand maritime co-operation
Channel News Asia
Transport Minister and Second Minister for Foreign Affairs, Mr Lui Tuck Yew, inked the deal on Tuesday at the sidelines of the 2nd Asia-Europe Meeting (ASEM) Transport Ministers' Meeting (TMM) in Chengdu, China. Signing on behalf of China was its ...
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S. Korea, Mekong nations to deepen economic cooperation
Yonhap News
SEOUL, Oct. 25 (Yonhap) -- The foreign ministers of South Korea and Southeast Asia's five Mekong River nations will hold their first meeting in Seoul this week as Asia's fourth-largest economy looks to deepen economic cooperation with the resource-rich ...
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Singapore Stocks: CapitaMalls Asia, GMG, Olam, Sound Global
Bloomberg
Neptune Orient Lines Ltd. (NOL SP), Southeast Asia's biggest container carrier, fell 1.4 percent toS$1.10. DBS Group Holdings Ltd. lowered its rating to “fully valued” from “hold,” saying it expects wider losses in the third quarter as shipping demand ...
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RBS expects a pause in RBI s rate hiking spree
Moneycontrol.com
Sanjay Mathur, head of research and strategy (non-Japan Asia) at RBS expects to see a pause in the Reserve Bank of India rate hiking spree. However, he feels, the RBI will continue being vigilant in its fight against inflation . ...
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Capitaland : CL: Ascott secures its first serviced residence in Iskandar Malaysia
4-traders (press release)
CapitaLand is one of Asia?s largest real estate companies. Headquartered and listed in Singapore, the multi-local company?s core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and ...
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Woman nearly scammed by dating website
Channel News Asia
SINGAPORE: A 34-year-old woman was asked to transfer about S$14000 to someone's bank account to secure the release of a friend she met on a dating website. But sensing something was amiss, the woman called the police to check and found out it was a ...
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Stocks, Commodities Rise on Earnings, Economy; Euro Erases Drop
BusinessWeek
... Caterpillar Inc.'s earnings beat forecasts and takeovers lifted health-insurance and software companies. Commodities rose on signs of Asian growth. The S&P 500 advanced 1.3 percent to 1254.19 at 4 pm in New York as Caterpillar rallied 5 percent. ...
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Singapore Stocks-May open up, eyes on Yanlord, Ho Bee
Reuters
ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE Asia Australia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data ...
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Georgia State Law Students Poke a Little Fun at Their Classmates
Above the Law
By Kinney Recruiting Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of US associates and partners in Asia than any other firm in the past five years ...
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India's Record $7.2 Billion Funding for Renewables Ignores European Woes
Bloomberg
India's solar industry is seeking about $3.2 billion in funds when rupee borrowing costs are the highest in Asia. Renewable power projects tend to be more sensitive to rates than conventional projects because most their costs are incurred upfront to ...
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Bloomberg
Indian rupee may open higher against US Dollar: Edelweiss
Myiris.com
South Korean won have surged to five week high this morning in Asia. Subsequent to this, Rupee is also eyed to take the major floor, if foreign inflows get attracted to take advantage of higher yields. There major focus should turn to RBI`s October ...
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Chinese-language version of Jobs biography hits bookstores
AsiaOne
The translated version of the only authorized biography of Apple Inc.'s late co-founder Steve Jobs was released in Taiwan yesterday morning at 7 am, simultaneous with its English counterparts from the US and the UK on the quest of revealing the ...
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AsiaOne
Hynix, KDDI, Macau Casinos, San Miguel, STX: Asia Stock Preview
Bloomberg
(9433) (9433 JT): The mobile operator, which began offering Apple Inc.'s iPhone in Japan this month, raised its annual target for smartphone sales by 25 percent to 5 million units, President Takashi Tanaka told reporters in Tokyo. ...
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VSU Offers Teaser of East Asian Art Collection Opening in 2012
Valdosta State University
Deborah S. Davis, certified archivist, director of VSU Archives and Special Collections, and chairwoman of the Library Art Committee, said this is just a teaser of what is to come in January 2012. Jeannette and Charles Kessler recently donated over 50 ...
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Emergency Aid for Thai-Based Japanese Firms
Wall Street Journal
s flooded Thai facilities...would reduce its forecast ¥270 billion ($3.55 billion) operating profit for the current fiscal year by 10%," analysts wrote, adding that the firm's global market share would likely continue to fall. ...
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V.F.'s CEO Discusses Q3 2011 Results - Earnings Call Transcript
Seeking Alpha
Another quarter of outstanding growth in Asia where revenues rose by 43% and an expansion in operating margin, excluding Timberland, to over 16%. Of course, the question of the day is, given the softening economic conditions here and the challenges in ...
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US Indexes Higher, Cigna Offers $4 Billion for HealthSpring
Ticker Magazine
Asian markets traded higher on positive economic data from Japan and China. Japan''s Ministry of Finance reported that exports rose 2.4% and imports rose 12.1% from a year ago in September logging a trade surplus of 300.4 billion yen. ...
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Asia Naphtha/Gasoline-Naphtha cracks at 15-month low
Reuters Africa
PRODUCT Price Prev Change DEC11 NAPHTHA NAF-1H-TYO 882.50/883.50 885.00 -2.00 SPOT NAPHTHA NETBACK NAF-SIN 95.74/95.84 96.01 -0.22 NOV NAPHTHA SWAPS NAF-1M-S881.00/883.00 884.50 -2.50 DEC NAPHTHA SWAPS NAF-1M-S 881.00/883.00 883.50 -1.50 SPOT GASOLINE ...
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Complaints pour in against Euro Asia fraudster
IBNLive.com
Though most of Thankachan’s victims are from Kottayam and Pathanamthitta, complaints through e-mail have alleged that he had carried out similar frauds in the UK too. Direct complaints alleging that he had siphoned off Rs 2.3 lakh from David Peter ...
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Huayi Brothers Fashion Group Reveals the 2012 S/S Shanghai Fashion Week
Sacramento Bee
... Oct. 24, 2011 -- /PRNewswire-Asia/ -- Only four months after the most glittering annual event in Shanghai, China's fashion thumb Huayi Brothers Fashion Group, in association with Harper's Bazaar China, held the opening ceremony of 2012 S/S Shanghai ...
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DSC Prize for South Asian Lit shortlist announced
IBNLive.com
New Delhi: The shortlist for the prize celebrating the best writing on South Asia is announced. The jury for this year's $ 50000 prize includes renowned literary figures Dr Alastair Niven, Dr Fakrul Alam, Faiza S Khan and Marie Brenner. ...
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IBNLive.com
Chevron Starts Gas Output At $3.1B Thailand Platong II Project
Wall Street Journal
TH) wants us to deliver more, we're ready to do so," Chevron Asia South Managing Director Joseph Geagea told Dow Jones Newswires. Platong II, in shallow water 200 kilometers from Thailand's southern coast, has a maximum processing capacity of 420 ...
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BONDS: SHK Properties sells US$500m of five-year Reg S bonds
IFR Asia
Hong Kong developer Sun Hung Kai Properties priced a benchmark US dollar Reg S deal last night as equities rallied in the region and Europe, and Asian credits tightened in secondary markets. The sole bookrunner on the deal was Standard Chartered Bank. ...
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India's First F1 Race Boost Delhi Hotel Rates
Bloomberg
Glow Greater Noida by Zinc, part of a hotel chain that operates in Asia and the Middle East, was opened on Oct. 15 and will host the HRT team, said General Manager Biresh Sharma. Doubletree by Hilton in the Mayur Vihar area in New Delhi, ...
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Bloomberg
Genting game to fly punters to Miami
The Edge Malaysia
KUALA LUMPUR: The Genting group is dead serious about the potential of its casino resort plan in sunny Miami, so much so that it is willing to buy 50% of seats to make direct flights happen fromAsia to Miami. If Miami can't attract non-stop flights ...
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Australian Commodity Shares Advance, Japanese Stock Futures Little Changed
Bloomberg
... GMT 2011 Australian commodity shares rose and Japanese stock futures were little changed after Caterpillar Inc. (CAT)'s earnings beat estimates and confidence grew that Europe will contain its debt crisis, boosting the outlook for Asian exporters. ...
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Tata Bond Risk Falls as Rupee Gains Boost Outlook: India Credit
Bloomberg
Eskesen speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg) The risk of holding debt of Tata Motors Ltd. (TTMT) is slipping the most among global automakers after domestic sales grew and the weaker rupee ...
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Bloomberg
News feature: The Bureau of Immigration curtails human trafficking
Philippine Information Agency
by Rebecca Grace S. David The Diosdado Macapagal International Airport (DMIA) in Clark, Angeles City is marketed as one of Asia's cheapest gateway to the different major cities in the SoutheastAsian region. Its massive runways accommodate multiple ...
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Capitaland : CMA: CapitaMalls Asia and Suzhou Industrial Park Jinji Lake Urban ...
4-traders (press release)
The total development cost of the project is expected to be about RMB6,740 million (S$1,37 1 million / HK$8247 million). Based on its effective stake of 50% in the joint venture with SIPJUD, CapitaMallsAsia's share of the total development cost is ...
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MARKET WATCH: Oil prices boosted by faith EU will solve its financial crisis
Oil & Gas Journal
Optimistic anticipation of favorable action from the European Union summit scheduled Oct. 26 “and encouraging data out of Asia (Japanese exports and Hong Kong and Shanghai Banking Corp.'spreliminary Chinese Purchasing Managers Index [PMI] for ...
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Bubbly s voice tweets to expand from Asia
Moneycontrol.com
Voice microblogging service Bubbly, which allows people to send Twitter-like short sound messages, has grown to reach more than 12 million clients in Asia in just 18 months and plans to take the service global this year. Bubbly, a service of startup ...
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Asia's asset management industry seen at S$5 trillion by 2015
TODAYonline
HONG KONG - The asset management industry in Asia ex-Japan is expected to double assets to US$4 trillion (S$5 trillion) by 2015 driven by growing wealth in the region, rising foreign interest and new pools of assets from insurance and retirement funds, ...
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Volvo Profit Misses Estimates as European Demand Drops
BusinessWeek
By Ola Kinnander Oct. 25 (Bloomberg) -- Volvo AB, the world's second-largest truckmaker, reported a smaller-than-expected third-quarter profit as demand started to decline in Europe and Asia. Net income gained 36 percent to 3.83 billion kronor ($580 ...
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Kimberly-Clark's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Seeking Alpha
In addition, global medical device volumes increased high single digits, including strong growth in Europe and Asia. Operating margins of 13.8% were somewhat above last year, driven by sales growth and cost savings. So that wraps up the review of the ...
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Deutsche Bank Said to Hire Team From BofA Indonesia Advisory
BusinessWeek
Four senior bankers left Deutsche Bank's capital markets and treasury solutions unit in Asia for Nomura Holdings Inc. in recent months, including Daniel Mamadou, who was co-head of the business in the region excluding Japan, according to people ...
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EON Reality Is Launching the Virtual 3D Learning World Tour
MarketWatch (press release)
To meet this demand, EON Reality will be going on the Virtual 3D Learning Tour, visiting Europe, Middle East, Asia, North America and South America during November and December. EON Reality has developed a 3D content library consisting of 1000's of ...
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Seven killed in South Thailand attacks - Asia News
By XinhuaNET.COM
Seven killed in S Thailand attacks At least seven people were killed in a series of attacks by suspected Muslim insurgents in south Thailand on Sunday,
Siam Daily News Online
S Korean politics gripped in the vice of corruption - Asia News Network
"This is an ethically perfect government," South Korean President Lee Myung Bak reportedly told an unscheduled meeting of staff members late last month. ...
www.asianewsnet.net/home/news.php?sec=3&id=22945
South-East Asia Investing News - Global Investing Today
Latest investment news for investment professionals & analysts. Breaking global investing, FDI, stock exchange, stock offerings & investment fund news.
investing.einnews.com/region/south-east-asia
Pricier hotel rooms in Spore amid crunch (The Straits Times ...
News for the Hospitality Executive ... By Ng Kai Ling, The Straits Times, Singapore / Asia NewsNetworkMcClatchy-Tribune Regional News ... The average rate has climbed to about S$240 this year and industry players expect this to reach ...
www.hotel-online.com/News/2011.../k.ANN.1319483886.htm...
S. Korea, Japan Renew Cooperation Pledges Regarding North ...
The leaders of the Japanese and South Korean governments are vowing cooperation on North Korea's illegal nuclear weapons program and other matters ...
www.voanews.com/.../South-Korea-Japan-Renew-Cooperation...
Fox Business - Latest News - CapitaMalls Asia 3Q Net Profit S$36.5 ...
DOW up 180.05 | NAS up 42.51 | S&P up 24.52 (Data as of 2011-10-18 4:04 EDT ). CapitaMallsAsia 3Q Net Profit S$36.5 Million Vs S$52.4 Million Year Earlier ...
m.foxbusiness.com/quickPage.html?page=19453&content...

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