IMF expects Myanmar to post 8% annual growth
October 07, 2014 7:47 PM

[YANGON] The International Monetary Fund (IMF) estimated on Monday that Myanmar's economy will grow by an average 8 per cent in the coming years led by rising gas production and investment.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 3:47 pm

Cancellation of HK's legislative council session draws flak
October 07, 2014 7:08 PM

[HONG KONG] Pro-democracy lawmakers accused Hong Kong's leaders of trying to evade a public backlash over mass protests in the city after they cancelled the opening session of the de facto parliament on Tuesday.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 3:08 pm

Taiwan to relax rules to bolster stock market
October 07, 2014 6:27 PM

[TAIPEI] Taiwan's financial regulator announced a package on Tuesday to help bolster the stock market after a recent heavy sell-off of stocks by foreign investors.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 2:27 pm

India to axe "laughable" laws
October 07, 2014 4:34 PM

[ NEW DELHI] If you happen to unearth treasure worth even as little as 10 rupees (21 Singapore cents) in India, don't even think of pocketing it - that's because under a law introduced by the former British colonial rulers, it still belongs to "Her Majesty".

Source: RSS Breaking News - Asia | 7 Oct 2014 | 12:34 pm

Bank of Japan strikes less optimistic tone on economy
October 07, 2014 3:44 PM

[TOKYO] The Bank of Japan on Tuesday struck a less optimistic tone on its view of the world's number three economy, but held off launching fresh monetary easing measures after a two-day meeting.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 11:44 am

Malaysia's 1MDB seeks January listing for power assets: sources
October 07, 2014 2:09 PM

[KUALA LUMPUR] Malaysian state investor 1Malaysia Development Bhd (1MDB) is seeking a January listing of its power assets, three people with direct knowledge of the matter said, adding that the paperwork for the long-delayed IPO will be filed later this month.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 10:09 am

Indian services growth quickened in September
October 07, 2014 2:02 PM

[BANGALORE] Growth in Indian services activity picked up pace in September as order books filled up at a faster rate, a business survey showed on Tuesday.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 10:02 am

S Korea central bank chief says economy not in deflation
October 07, 2014 11:19 AM

[SEOUL] South Korea's central bank chief said on Tuesday that the economy is not in deflation, but rather is going through a state of prolonged low price pressures and growth.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 7:19 am

S Korea central bank sees little impact on economy from low inflation
October 07, 2014 9:31 AM

[SEOUL] South Korea's central bank said on Tuesday that the country's continued low inflation stems mainly from good crop harvests and stable global commodity prices, so it is only having a limited negative impact on the economy so far.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 5:31 am

Japan's Aso plays down South Korean president's concerns over weak yen
October 07, 2014 8:53 AM

[TOKYO] Japanese finance minister Taro Aso on Tuesday downplayed comments by South Korea's president over the weak yen's impact on Korean exporters.

Source: RSS Breaking News - Asia | 7 Oct 2014 | 4:53 am

Jokowi faces tough task of managing voters' expectations
October 02, 2014 1:39 AM

[JAKARTA] Incoming Indonesian president Joko Widodo is trying to manage the expectations of his supporters and investors as an opposition-dominated Parliament likely to obstruct his ambitious reform programme convened on Wednesday.

Source: RSS Print - Indonesia | 1 Oct 2014 | 9:39 pm

Indonesian coal exporters chafe at new regulations
October 02, 2014 1:34 AM

[JAKARTA] Indonesia's coal exports are expected to fall 15-20 per cent in October from September and could decline 5 per cent this year as firms scramble to obtain government export permits to comply with new rules that were due to come into effect on Wednesday.

Source: RSS Print - Indonesia | 1 Oct 2014 | 9:34 pm

Yudhoyono bid to save direct local elections
October 01, 2014 2:17 AM

[JAKARTA] Indonesia's outgoing president returned home early on Tuesday, cutting short an overseas farewell tour to try and overturn legislation ending direct elections for local leaders.

Source: RSS Print - Indonesia | 30 Sep 2014 | 10:17 pm

Indonesian trade group seeks floor price for rubber
October 01, 2014 1:17 AM

[JAKARTA] Indonesia's main rubber grouping is seeking to put a floor under prices at US$1.50/kg as the world's No 2 producer looks to support global prices that have plunged more than 30 per cent so far this year.

Source: RSS Print - Indonesia | 30 Sep 2014 | 9:17 pm

Parliament approves budget despite Joko's protests
September 30, 2014 1:13 AM

[JAKARTA] Indonesia's Parliament on Monday approved a state budget that President-elect Joko Widodo does not like but cannot change until early next year to fund his programmes.

Source: RSS Print - Indonesia | 29 Sep 2014 | 9:13 pm

Indonesian tin bourse sets rule to curb illegal shipments
September 29, 2014 12:58 AM

[JAKARTA] Indonesia's tin trading platform has introduced a rule forcing all members to ship tin ingots on vessels that are not transporting other forms of the metal, an official at the bourse said, as police crack down on illegal shipments.

Source: RSS Print - Indonesia | 28 Sep 2014 | 8:58 pm

Indonesian tycoon sues gallery owner
September 26, 2014 2:18 AM

[SINGAPORE] Tahir, the Indonesian tycoon who teamed up with the Bill & Melinda Gates Foundation last year to fight polio, has sued a Singapore art gallery owner over a Fernando Botero bronze sculpture. The founder of Indonesia's PT Bank Mayapada Internasional is seeking S$1.6 million from Tay Kar Oon for the price he paid for the Couple Dancing sculpture, according to a lawsuit in the Singapore High Court.

Source: RSS Print - Indonesia | 25 Sep 2014 | 10:18 pm

Indonesian banks cut deposit rates from five-year high
September 25, 2014 1:34 AM

[JAKARTA] Indonesian banks are cutting deposit rates from a five-year high as demand for cash declines, allowing the world's most profitable lenders to benefit from the slowing economy.

Source: RSS Print - Indonesia | 24 Sep 2014 | 9:34 pm

Bakrie sued for breaching terms of bond
September 25, 2014 1:28 AM

[JAKARTA] Investors have filed a lawsuit in the United States against Indonesia's PT Bakrie Telecom Tbk and associated companies for allegedly breaching the terms of a US$380 million bond by failing to make two interest payments and indicating that it will continue to default on its obligations.

Source: RSS Print - Indonesia | 24 Sep 2014 | 9:28 pm

Jokowi to suspend operations at Pertamina unit
September 24, 2014 1:07 AM

[JAKARTA] Indonesian president-elect Joko Widodo plans to halt operations at Pertamina's energy trading unit Petral to allow for an audit of its operations as part of efforts to fight alleged fuel smuggling and corruption, a senior adviser to Mr Widodo said.

Source: RSS Print - Indonesia | 23 Sep 2014 | 9:07 pm

Changes to the business pages
From Monday 15 April 2013 we will no longer be updating the Asia Business index. Instead we will be putting our efforts into covering Asian stories as part of the main business pages. Please follow the link to Business at the top of the page or on this story to see them.

Source: BBC News - Asia Business | 15 Apr 2013 | 5:44 am