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Industrial output in Japan grows for second month

As the Japanese economy continues to recover from the March earthquake and tsunami, the country’s factory output has also begun to increase, seeing faster-than-expected growth in May.
Japan’s industrial output grew by 5.7% in May compared to last month, according to the latest government data.
“As supply chains recover from the damage caused by the March earthquake, [...]

Read More » No commentJune 30, 2011

ASEAN sees Business Opportunities in Central China Province

Central China’s Henan Province on Tuesday inked 127 investment projects with enterprises from member countries of the Association of Southeast Asian Nations (ASEAN) during an economic cooperation meeting in Zhengzhou, capital of Henan.
Business conglomerates, including the Charoen Pokphand Group, participated in the meeting, signing contracts with a total value of 5.2 billion U.S. dollars, said [...]

Read More » No commentJune 30, 2011

Flooding draws leading candidates

The suffering of people in flooded Nan province has provided a golden opportunity for politicians to show how much they care about their plight, or their votes.
Both Democrat leader and Prime Minister Abhisit Vejjajiva and Pheu Thai’s choice for prime minister, Yingluck Shinawatra, yesterday rushed to visit the flooded communities in Nan.
Floodwaters stabilised, but the [...]

Read More » No commentJune 29, 2011

Oil Turns Lower in Asian Trade

The strike, intended to last 48 hours, paralysed transport and public services as legislators debated the measures tied to the country’s receiving rescue loans to avert bankruptcy.
Analysts have warned that a Greek default risks sparking a contagion across the rest of Europe that many fear this could again shake the global financial system.
New York’s main [...]

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Japan Considers 230 Billion Yen Plan for Nuclear Assistance

Japan’s government is considering about 230 billion yen ($2.8 billion) in outlays for aid to Tokyo Electric Power Co. and radiation monitoring in its planned extra budget, according to a draft outline prepared by the Finance Ministry.
Prime Minister Naoto Kan’s government has yet to release details of the 2 trillion yen supplementary budget, which will [...]

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Hong Kong Finance Chief Warns on Property Prices

HONG KONG – HONG Kong’s finance chief warned on Sunday that the government may take further measures to curb rising property prices if necessary, local radio said.
Financial Secretary John Tsang said he was very concerned with the risk of an asset bubble forming, since property prices have surged past the record levels seen in 1997 [...]

Read More » No commentJune 29, 2011

Thai Opposition Aims to Keep Baht Competitive

June 28 (Bloomberg) — Thailand’s main opposition party, leading in polls ahead of the July 3 election, will seek to keep the country’s currency “competitive,” its economic chief, Suchart Thadathamrongvej, said.
“The baht has to be competitive,” Suchart, who was Thailand’s finance minister in 2008, said in an interview at Pheu Thai’s party headquarters in Bangkok [...]

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Exporters Urged To Use Cyber Trade

BANGKOK, 28 June 2011 (NNT) – The Department of Export Promotion (DEP) has encouraged Thai entrepreneurs to adjust themselves to cyber trade in order to increase their connections with online communities via facebook and amazon.
According to DEP Director-General Nuntawan Sakuntanaga, today’s trend in trade and business competition relies on new technologies enabling trade transactions to [...]

Read More » No commentJune 29, 2011

Profiting From Japan’s Long, Hot Summer

Barely three months after a 9.0 magnitude earthquake and tsunami rocked Japan, the island nation is well along in the difficult process of rebuilding. Now comes the latest challenge: a summer with minimal air conditioning. With the government intent on cutting energy use to avoid overtaxing eastern Japan’s strained power system, many businesses and individuals [...]

Read More » No commentJune 29, 2011

Foreign Partnerships Key to Success For Thai Banks

Foreign Partnerships To Be Key Determinant Of Success For Thai Banks The Association of Southeast Asian Nations (ASEAN)’s plan to establish an economic community by 2015 will result in increased foreign competition in the banking industry.
We believe that establishing strategic foreign partnerships will be a key determinant of success for Thai commercial banks in the [...]

Read More » No commentJune 29, 2011