Thursday, July 24 2014 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
BEIJING – China’s Ministry of Commerce has announced a second batch of rare earth export quotas for 2014 but shows no signs of expanding availability despite increasing global demand for the minerals. The export quota includes 13,691 metric tonnes for light rare earths, down 130 tonnes from last year, and 1,809 tonnes of medium and heavy rare earths, up 130 tonnes from last year. Overall, the total export quota is 30, 610 tonnes, down 389 tonnes from last year.
KUALA LUMPUR - Malayan Banking Bhd., CIMB Group Holdings Bhd. and Public Bank Bhd., all based in Kuala Lumpur, have given investors much to cheer about in the past five years, with each of the top three Malaysian banks in terms of net loans ahead of SNL Asia-Pacific Bank Index tracking total returns.
SINGAPORE - Non-oil domestic exports out of Singapore continued to contract in June as electronic shipments weighed on growth. ANZ Bank says that as the supply side of the economy continues to be squeezed, production and domestic exports will continue to underperform regional peers.
BEIJING - While attending the just-concluded sixth BRICS summit in Brazil, Xi Jinping gave a 30-minute speech which stressed the importance of all countries’ cyberspace sovereignty, claiming that “there are no double standards in the information sector, and each country has the right to preserve its own information security”. His remarks come in the wake of recent allegations against the US of spying on multiple countries, including BRICS members China and Brazil.
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Australia China Business Week Sydney – September 4-5, 2014, Shangri-La Hotel, Sydney
Key topics include the impact of economic reform in Shanghai and the Shanghai Free Trade Zone on Australian businesses, trends in agribusiness in Australia and China, Australia’s national food mage and branding, and how Australian SMEs can access Chinese consumers through technology and digital channels.
EP China 2014, Beijing
The 15th International Exhibition on Electric Power Equipment and Technology is expected to attract 1,000 exhibitors from more than 20 countries and regions, and more than 25,000 trade visitors from China and overseas.
Trade Mission to Tokyo – Food and Beverages – October 14-17, 2014
An expected reduction of tariffs and liberalisation of trade and investment following introduction of the Australia-Japan Free Trade Agreement will ease market entry barriers to Japan. Australian Business Consulting and Solutions is co-ordinating this trade mission for both new and existing Australian exporters to the Japanese market.
