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Monday, August 19, 2019

Tag: Asia-Pacific

Asia surprises with cuts in global race to monetary bottom

Policymakers are taking bolder steps to bolster their economies as escalating US-China trade tensions threaten to worsen global growth and currency battles roil financial markets.

Asian factories are stuck in the doldrums as trade war hits...

Purchasing manager indexes for Japan, South Korea, Malaysia and Taiwan remain below 50, signalling deeper contractions in factory output.

Asia Pacific online sales to reach US$1.6 trillion by 2023

The rise of the marketplace model is cited as a major factor in the continuous growth of digital commerce.

China-backed trade deal pushed back to 2019

Chinese Premier Li Keqiang, who is attending a Singapore summit to rally support for the deal, said he hoped RCEP would be signed and implemented next year.

Calls for open trade to greet Pence as Trump skips Asia...

The US, China, Japan and India are among those expected to join leaders from the 10-member Asean.

Hunger stalks Asia’s booming cities

The Asia-Pacific region has the world's highest rate of urbanisation, while also being home to more than half the world's 821 million undernourished people.

Asia Pacific accounts for a third of the world’s relaxation-focused beauty...

A huge 87% of urban Chinese females aged 20-49 said that using beauty services was a way of relaxing.

Cash is still king in Apac, says HSBC

HSBC Malaysia says 55% personal spending in Asia-Pacific is still transacted in cash.

Asian markets bruised by Trump’s trade war threats

Many emerging market currencies were also frail after Argentina's peso sank on Thursday despite the central bank's interest rate hike.

SoftBank’s Vision fund to invest US$100 million in JV with China’s...

SoftBank's giant Vision Fund will own 51% of the venture that aims to sell the Chinese firm's technology to financial and healthcare firms in Asia-Pacific.

Asia slips after US-China trade talks end without progress

US and Chinese officials ended two days of talks on Thursday with no major breakthrough while their trade war escalated with another US$16 billion in tariffs effected.

Singapore third country to ratify Asia-Pacific trade pact

The landmark deal was signed by the 11 countries including Japan, Canada and Mexico after Trump pulled out of the Trans-Pacific Partnership (TPP) three days after taking office last year.

Visa: Consumers in Asia-Pacific booking more long-haul, international trips

Among Asia-Pacific countries, Singaporean travelers are the most likely to book a long-haul trip to cities like Paris and London, while an aging population is contributing to a decline in overseas travel among Japanese travelers.

TPP nations welcome Trump’s interest, don’t want renegotiation

Ministers from Japan, Australia and Malaysia had welcomed President Donald Trump directing officials to explore returning to the TPP, but they also cautioned against making any significant changes.

Researchers: Obesity among Asia-Pacific kids a growing health crisis

Malaysia is one of the most overweight countries in Southeast Asia, along with Indonesia, Singapore and Thailand.

Asian shares buckle as tech firms come under more scrutiny

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4%, with tech-heavy Korean shares falling 1.0%. Japan's Nikkei fell 2.1%.

Baker Hughes GE hunts for small oil, gas projects in Asia

BHGE wants to work with smaller companies looking to develop smaller fields and stranded resources in countries such as Indonesia, Philippines, Malaysia and Myanmar.

11 nations, including Malaysia, to sign new TPP deal

The 11 nations to go on with the Trans-Pacific Partnership trade agreement, minus the US which withdrew shortly after President Donald Trump took office.

Australia urges strong, sustained US engagement in Asia, warns on China

Australia has called upon the United States to boost its standing in Asia so as to counter the influence of China.

Malaysia among top 10 for HIV cases in Asia last year

UN report lists new HIV infections affecting sex workers and their customers, gay men, people using drugs by injections and transgenders among others.

Study: Over 80% online consumers use smartphones to access internet

Messaging apps most utilised with over half agreeing that they text more than talk on their mobile devices.

M’sians spending more time in jams than a year ago

One in five say the worst part of their day is their commute in new Ford survey.