Monday, March 10 2014 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
NEW DELHI - Underscoring India's strengthening external balances, the 4Q13 current account deficit eased sharply to -0.9% of GDP, its lowest since March 2009, from -1.2% in the previous quarter and -6.5% in 4Q12.
SINGAORE - Contrary to popular perception, Thailand is continuing to attract strong Foreign Direct Investment inflows, particularly from economies such as Japan that have already put considerable investments into the manufacturing sector, according to a new research report by ANZ Bank.
HANOI - Vietnam continues to benefit from strong external demand, despite soft domestic consumption, with activity indicators in February continuing to show slow but steady improvement. ANZ Bank is maintaining its GDP growth forecast of 5.6% and 5.8% for 2014 and 2015 respectively, and has downgraded its 2014 inflation forecast to 7-7.5%.
HONG KONG - The imminent default by Chinese solar-equipment maker Shanghai Chaori Solar Energy Science and Technology Co. (Chaori) is poised to be a transformative event for China's corporate bond market, says ratings agency Standard & Poor's. “We believe the Chinese Government is beginning to address the difficult moral hazard and implicit State guarantee of financially weak and commercially unviable borrowers,” S&P says.
|
Need to know?Government trade and investment agencies. |
Need to contact?Professional Services, Banking Finance and Insurance, Trade Services and Logistics, Government representative offices. |
Need to source?Click here for full list of categories |
Browse the full listings of the latest Business Diary entries here.
Australia-China Business Week 2014 – Guangzhou (May 26-28), Shanghai (May 29-30) - Hilton Guangzhou Tianhe Hotel
Organised by Australian Business Forum, ACBW 2014 Guangzhou-Shanghai is supported by the NSW Government, Austrade, the Department of Foreign Trade and Economic Co-operation of Guangdong Province, CCPIT Guangdong and the SME Association Guangdong.
This year’s ACBW Forum includes a panel discussion on China’s 2014 economic trends, as well as China’s three “in” topics – investment, innovation and incentive – and provides opportunity for delegates to mix with Chinese entrepreneurs and investors. More than 850 delegates attended the 2013 event. Further information at http://abforum.com.au/
Hong Kong Convention and Exhibition Centre – March 24-28, 2014
More than 3,000 institutional investors, mining entrepreneurs, brokers, investment analysts and industry professionals are expected this five-day event, which is seen as Asia’s premier event for mining investment deal-making and capital raising.
There is a 10% discount on delegate passes for readers of Asia Today International.
