JAKARTA -Alibaba Cloud, the cloud computing arm of Alibaba Group, has opened its first data centre in Indonesia, offering a comprehensive suite of cloud products and services ranging from elastic computing, database service, networking, security and middleware to analytics and big data.
ATI Newswire - Subscriber Only
PARIS - Rapid growth in free trade zones – where economic activity is driven by reduced taxes and customs controls, light regulation and limited oversight – is unintentionally fostering growth in counterfeit goods trafficking, according to a new report by the OECD and the EU’s Intellectual Property Office.
HONG KONG - The confidence level among Hong Kong exporters continues to rise, in line with strengthening of global economic activity, according to the latest HKTDC Export Index, which found that, for the first quarter of 2018, the Index stood at 49.4, up 4.8 compared to the fourth quarter of 2017.
HONG KONG - A consumer survey commissioned by the HKTDC on mainland wine consumption found an increasingly demanding market that prefers red wine. Surveying 2,400 consumers in 10 mainland cities: Beijing, Shanghai, Guangzhou, Chengdu, Wuhan, Shenyang, Nanjing, Harbin, Suzhou and Yantai, the study found that other types of wine remain a niche market on the mainland.
BEIJING - China's draft supervision law was submitted for its third reading at the national legislature today, aiming at a centralised, unified, authoritative and efficient supervisory network under the Party's leadership.
BEIJING - President Xi Jinping yesterday stressed practical efforts to further deepen military-civilian integration to provide impetus and support for realising the Chinese dream and the goal to build a strong military, China’s State newsagency, Xinhua, reports.
SINGAPORE - A majority of information security professionals in Asia expect to see major, cross-border compromises in enterprise networks and critical infrastructure in the next year or two, and most do not feel confident in their ability to defend against these impending threats.
SINGAPORE - ASEAN as a group is Australia’s third biggest trading partner after China and Europe, but there is immense potential to grow, says ANZ Bank in a special report released ahead of the 2018 ASEAN Summit, being hosted by Australia in Sydney. “Although existing trade in goods and services is strong, much of it is concentrated in four of the 10 ASEAN countries,” the report says.
SINGAPORE - Asset quality in Indonesian banks will continue recovering this year, but nonperforming loans (NPLs) in the mining sector remain elevated, S&P Global Ratings said in a report published today. Indonesian banks have also been more cautious in disbursing loans to companies in the riskier segments, primarily those related to commodities, it says.
JAKARTA - Indonesia’s pent-up demand for infrastructure is finally getting the support it needs, says Natixis in a new report card on the Indonesian economy. The report analyses Indonesia’s infrastructure demand and supply from a bottom-up perspective to examine the macroeconomic implications of the archipelagos’ building push, compiling a comprehensive list of the Government’s priority infrastructure projects and their financing needs.
NEW YORK - U.S. President Trump's impending tariffs increase the risk of a retaliatory action from affected countries, but the overall economic impact of the tariffs on the U.S. over the near term is likely to be minimal, with a mixed impact on corporate sectors, according to ratings agency Standard and Poor’s.
SEOUL – South Korea’s National Security Office Chief, Chung Eui-yong, has confirmed that South and North Korea have agreed to hold a third inter-Korean summit at the Peace House at the Panmunjom truce village in late April. Chung led a special South Korean delegation to Pyongyang to meet the North Korean leader, Kim Jong-un.
SINGAPORE The recent fraud case at India’s Punjab National Bank (PNB) underscores the urgent need for reforms at India's public sector banks, says ratings agency Standard and Poor’s, which points out that the fraud comes as the sector continues to reel from soaring non-performing assets in an extended downcycle.
BEIJING - China looks to upgrade the strategic partnership and build a closer community of shared future with ASEAN, Foreign Minister Wang Yi said today.. China would continue to put co-operation with ASEAN high on its agenda of international co-operation this year, Wang told a press conference on the sidelines of the annual session of the National People's Congress.
BEIJING - China is on a long march to modernisation and has no need or intention to replace the United States' international role, Chinese Foreign Minister, Wang Yi, said today. "Some Americans allege that China will replace America's role in the world. This conclusion is fundamentally wrong." The State newsagency, Xinhua, quoted Wang as saying.
BEIJING - China is likely to reduce reliance on wide capital support for economic growth as the country seeks high-quality development, China's central bank governor, Zhou Xiaochuan, said today.